Manage episode 272051162 series 2342628
Don’t miss this insightful podcast with Kevin as he answers all of your burning property questions. Today he covers everything from the importance of your social media profiles, never giving up on doing deals and ensuring your insurance policy is correct.
- When looking for property deals it is important not to skip people. Do not miss people off your marketing list because you think they may not give you an opportunity. Don’t presume you know why somebody else would not be interested in doing a deal with you. The way to find out is by sending letters out. Not all large landlords are open to doing deals with you, but some of them are, it is not your job to work out what they want, it is your job to market to them.
- What does your Facebook show when you click on it? Does it show that you are a property investor? Or does it show what you ate for your breakfast?. Your Facebook profile needs to give the right impression of yourself to those who may come across it.
- You need to change your mindset. Get out of your negative mindset and questioning why big investors would want to go into property alongside you. Tell everybody what you do, build your business, brand and profile constantly. Once you have built yourself up, deals will come to you.
- You need to ensure that you have the correct cover on the property you own and are renting out. The cover needs to be specific for the type of tenant that is living in the property. Your insurance provider will ask you what type of tenant you have occupied the property and you need to declare this. If you have the wrong insurance for the tenant living in the house, and something goes wrong you may risk receiving a payout from the insurance company.
“There are landlords that want their rental income covered.”
“Does your Facebook show the right thing?”
“Go around the agent if the agent won’t work with you.”
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
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