If you are considering investing in property, firstly you need to decide whether it is residential, commercial or a mixture of both that you would like to invest in. Building a portfolio is often seen as the best way to optimize your return on an investment. Having a fundamental understanding of the how the industry works is key and many people don’t have the time or inclination to acquire and subsequently manage their own properties.
Rory Mack Associates can assist in identifying your requirements and will put a plan in place to help you achieve your goal.
Rory Mack Associates’ property management department manages several hundred commercial and residential properties throughout Staffordshire and South Cheshire. We assist landlords in the day to day running of their properties and also offer advice to those just starting out with their first property purchase.
One of our now well established landlord clients, started their journey in 2012 with an initial discussion about the prospect of starting their own property portfolio, having recently sold their business which released liquid equity that needed to be reinvested. After identifying their requirements - which were determined to be good quality residential apartments within 5 miles of Newcastle under Lyme, Rory Mack Associates firstly began to assist by identifying suitable properties.
We accompanied our client on viewings, advised on the condition of the property and works required and negotiated the best purchase price on behalf of our client, which resulted in the first property being purchased in December 2012. Rory Mack Associates assisted with overseeing the refurbishment works and offered the property back to the market and found a suitable tenant. To date and after repeating the process, our client has grown their portfolio to over twenty properties, which generates a very meaningful return together with long term capital growth, all of which far exceeds what can be expected from holding a cash deposit in a bank.
Our property management department has a wealth of experience in helping people build a property portfolio and would welcome the opportunity of discussing the various ways that we can help you build yours. Contact us today on 01782 715725.