Finance This, Property That
Finance This, Property That is your go-to podcast for expert insights and advice on building wealth through property investment.
Hosted by, Dion Fernandes, a seasoned finance professional with over 13 years of experience, each episode delves into the intricacies of property purchasing, offering valuable tips and strategies for those looking to create wealth through real estate.
From basic questions to advanced technicalities, Dion brings on trusted advisors and specialists in their fields to provide listeners with practical knowledge and actionable steps.
Whether you're a first-time buyer, a seasoned investor or simply looking to expand your property portfolio, Finance This, Property That is here to empower and educate you every step of the way.
Finance This, Property That
Episode 26 : Property Management Demystified: Expert Advice to Boost Your Financial Legacy With Michelle Watt
Episode Breakdown:
Introduction (0:00 - 3:30)
Dion introduces himself and the podcast’s mission: empowering financial legacies for generations.
Overview of today’s guest, Michelle Watt, and the discussion focus on property management.
Michelle’s Background & Recent Adventures (3:31 - 10:20)
Michelle shares her journey as the principal and director of Nest Connect, a property management agency.
A humorous account of her Cook Islands holiday and engagement story.
Understanding the Role of a Property Manager (10:21 - 20:55)
Dispelling myths about property management being limited to rent collection.
Managing expectations of owners, tenants, and tradespeople.
Importance of well-maintained properties for higher rents and quality tenants.
The Value of Preventative Maintenance (20:56 - 30:30)
How regular servicing (e.g., air conditioners, termite inspections) enhances property value and tenant satisfaction.
The use of innovative tools like maintenance software to streamline repairs and reduce costs.
Selecting Tenants: Key Considerations (30:31 - 40:10)
The importance of meeting prospective tenants to gauge compatibility.
Financial considerations: the 35% income-to-rent rule and reviewing rental ledgers.
How first-time renters can build credibility and secure leases.
Life Lessons for Renters and Owners (40:11 - 45:30)
Renting as a preparatory phase for homeownership.
Stories of young tenants learning financial responsibility and property upkeep.
Encouraging tenants to treat rental properties like their own homes.
Top Tips for Owners and Renters (45:31 - 47:50)
For owners:
Build a strong financial and insurance foundation.
Invest in landlord protection insurance.
Choose a proactive and communicative property manager.
For renters:
Present yourself well and have solid character references.
Show financial responsibility with proof of savings or car payment records.
Be organized and demonstrate readiness for the responsibilities of renting.
Conclusion & Contact Information (47:51 - 48:00)
Dion wraps up the episode, thanks Michelle for her insights, and shares contact details.
Encourages listeners to share the podcast and follow on social media for more educational content.
Episode Duration: 48 minutes
This episode is packed with actionable advice and unique perspectives on property management. Whether you’re an investor or a first-time renter, it’s a must-listen for gaining practical tools to navigate the property market successfully.