David Beattie - The Expert Landlord: Manage Your Residential Property like a Pro

My journey as a property investor, founder-publisher of Real Estate Investor Magazine , entrepreneur and mentor has put me on an incredible personal growth path. It has been filled with the tremendous highs and lows of successes and failures. I have always said that the best way to learn is to make mistakes and, more importantly, to learn from them.

I believe that David Beatties book provides both the novice and experienced property investor with a road map to success in a business with many pitfalls. Property investment, regardless of your personal level of experience, requires a commitment and skill that can only be acquired by sticking to certain fundamentals: thorough research, experience, hard work, astute judgement, a willing financier, a great team and most importantly the ability to control both the property management process and the money side, which includes effective rent collection. Get that last part slightly wrong and your chances of obtaining those sought-after and regularly promoted returns can be severely compromised.

Over the years I have learnt three fundamental investment practices, which David explores in this book . First, an investment must always put money in your pocket; one of the key sources in residential property is cash flow through rental income. Second, the investment must stand alone as a profitable entity on its own income. Third, you must have control of your investment from income, expenses and debt through to changing the purpose of the property.

I first got to know David as a co-investor and later as a client of his successful property letting business, Chorus Letting. He chose property management as his route to property success, and oversaw and managed one of my multiple buy-to-let residential properties a few years back. David was more than just an average property manager. He was a key part of my investment team. His communication skills and grasp of administration were outstanding. As an investor, he knew the impact of vacancies on an investors income, or if a property had been trashed. He knew which steps to take if an eviction had to take place, and would ensure that I was up to date on the status of my investment. Not only did I see a passionate property investor, but I also saw someone who was committed to making a difference in the area of property management and ensuring that I was a satisfied client. Above all, David believes as I do that real estate investing is a people business.

If you have not been a property investor, it is easy to make mistakes and waste a lot of time, effort and hard-earned money. This book provides aspiring investors with essential information on how to become a successful property investor through effective property management.

I recommend this book to anyone playing the residential property investment game. It really is worth the educational investment.

I wish you successful investing.

NEALE PETERSEN

Founder-publisher of Real Estate Investor Magazine