Asset Management 101 and Beating a Down Valuation
Description
I’m going to start by celebrating the fact that after 3 valuations I finally got a valuation for my remortgage that is what I wanted it to be… the RIGHT VALUE!
I had to get to that figure mainly because I had my second charge mortgage relying on it and quite frankly, anything less and I was going to be out of pocket, which I’m not doing.
To keep you in suspense, I’ll give you the names of the lenders and valuers in my pod ;)
All I can say is, if you know the Comps state your property should be higher, keep pushing for it!
Next Topic… Asset Management 101.
When was the last time you ACTUALLY looked at the stats for your property portfolio?
I mean really and truly compared them to see what’s working and what’s not.
As an Asset Manager that’s the very first thing I do, I look at the figures, as they don’t lie. They give a true picture of how the portfolio is performing.
From there I can make changes.
If you want details on how to use it and what to measure, you are going to need to follow along with this weeks podcast.
I challenge you to get this done! Let me know is there anything that surprised you about your portfolio? Will you be making changes as a result?
Also don’t forget you can still pick up my Crossing Over to Commercial mini-course just CLICK HERE
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