Often, investors will start to panic if they have a property that is losing value because of a soft market.
What a lot of investors don’t understand is that losses will only occur if you sell in a downturn.
It’s important to keep in mind that property moves in cycles and when one cycle is completed, another one begins.
If you look back over various past cycles, you will see that downturns are not abnormal and are part of the life of property investing.
Here are some tips from some of the most successful RealRenta Landlords, for any investor who is getting nervous and/or contemplating selling their portfolio:
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Don’t become irrational. Stay calm and make decisions slowly
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Examine your particular situation in the context of other market forces
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Develop a gratitude mindset- we rarely make good decisions when we are anxious
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Stick with properties that appeal to a wide range of demographics
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When the market is at its’ lowest ebb-cultivate some patience and wait it out
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Avoid cross-securitisation of your assets and use a wide array of banks and funders
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Create a buffer of reserve money-use RealRenta to self manage your portfolio, there is no need to pay high management fees anymore
Use RealRenta for Free for up to 2 months and receive your rental income directly into your bank account
