By UK Property Investment Expert Andy Shaw...

Property Investment Question: How Can You Make Profit From Property Without Selling It?

In answer to your question on "How can you make profit from Property without selling it", you asked, "Ok I get the concept but you still have the house? So you rent it? But what if you don't? What if you don't want the hassle of tenants?"

The answer here is yes you still have the house, and you keep it forever!

Please show me just one Property Investor who sold in 1998 and doesn't regret disposing of their property. Please show me one Property Investor who still owns the house he had in 1998 and regrets not selling it then.

There is no crystal ball in Property Investing, but as the saying goes if you want to know the future look at the past, the research you do here should be a guide for you when you're wavering and about to sell your property.

Yes you rent it, there are two ways of renting out your property, you can pay someone else to do it, or you can get yourself a job - if that rocks your boat then who am I to say you're wrong. I will just state that a Property Investors time is better spent putting deals together than it is fixing toilets and chasing bad payers.

But before you start renting, you take two days out and research, not on a Saturday as usually the junior is in and you want to speak to the principle. Set up meetings in advance and go to every letting agent in town. Find out the complete service they offer. For a person who has 1 to 3 properties, in our area 10 - 15%+VAT is what I'd expect people to pay. Believe me its worth paying a couple of extra few % to get a good agent, don"t be cheap, as it'll more than likely cost you in the long run.

Get all of the agents to show you their processes and ask them what is the largest portfolio they manage for someone. Ask them if you could ask them for a personal recommendation from someone who has at least ten properties with them.

Get the wrong agent and you will wish you'd taken on the job yourself, do not believe any of these, we"re members of this body rubbish, see and talk to the person who will be handling your account, check out the system yourself, do not allow yourself to think "oh they're a really nice person, I think they'll be good for me!" Know that they are the right agent for you and have faith in your decision as you have done your due diligence - research, research, research!

If your portfolio grows large enough you'll need a couple of good agents, just to keep them on their toes, we currently use four and the percentages are 50%, 33%, 12% & 5%, but we do have in excess of Two Hundred properties and it is growing at approximately One Hundred & Twenty per year.

A good managing agent will mean you have no contact at all with tenants and your job is then to make sure that the managing agent pays you.

Being a property investor does not mean you have to manage tenants, unless you want to!

Hope that clears it up!

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