Taking control of your budget

The beginning of a new year is the perfect time to nail down the budget, writes Diana Clement.

Set a budget
  • 31 January, 2017
  • PROPERTY MANAGEMENT
  • Investors budget, Controlling your budget, Property Investor

Property investors can do themselves a huge favour by taking control of their budget.  Too many investors have little idea of what they spend their money on and could be just weeks away from financial disaster.

Owning investment property requires a double dose of budgeting.  One budget for personal expenses and another for the actually property itself which will require money to be set aside to cover rates, insurance, periodic maintenance, upgrades (AKA capital expenditure), taxes and also downtime between tenants.

Budgeting isn’t easy.  But it’s a tool and those investors who do it well benefit big time.

For the full story: www.propertyinvestor.co.nz

LJ Hooker NZ

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