You can end up paying this fee in 2
ways.
Firstly, when you fall in love with a
property and overpay.
Now while this may be allowed when you
buy your home, it’s a big mistake for property investors.
The second way you pay this fee is when
you miss out on an opportunity because you have an unrealistic expectation of
what the property's price actually is and offer well below an acceptable price.
You then get angry that the vendors are
being "greedy" and storm off, not prepared to negotiate at all.
This learning fee here is about your
own ignorance and not remaining objective and basing your negotiations on cold
hard facts such as recent comparable sales.
Either way, the learning fee you could
end up paying is considerable.
RealRenta has all the
tools that a property manager has but for less than ¼ the cost of a
property manager.
Join now and the cost
is less than a cup of coffee a week to manage your rental property
RealRenta also has a
free vision, so why not check it out
Jason Gwerder
Wednesday, 28 September 2022