Managing your own investment property could have its advantages and disadvantages. What a landlord like you should keep in mind, however, is that saving money is not always the best option. Sometimes, it could cost you much more in the unforeseen future. So, here’s a list of advantages if you hire a property manager.

It’s a fact that investing isn’t easy, especially for those who are afraid of taking risks. If you’re an investor, you might be interested in what Michael Yardney, director of Metrolpole Property Strategists, says about the reasons why your investment is doing badly. Yardney highlights the 10 most common mistakes newbie investors make that regularly result in losses. He also indicates how pro investors overcome these mistakes to accumulate profits.

There are no fixed rules on how you can succeed in property investing however there are some valuable advice from those who succeed. Although you can’t emulate all the things that they do, you can have a basic understanding of how the world of investing works. It’s part of the process to commit mistakes. Whether it’s a few dollars worth of mistake or a thousand dollar worth of mistake, the only thing that matters is the lesson you’ll get from it. Once you know what won’t work, try something else. Never stop trying and learning. Just be sure you minimize the risk of failure as much as possible.

You can read the whole article here.

As a property investor, what advice would you give a newbie investor today? How do you take good care of your property investments?

When times are good, we start exercising selective memory, obliterating anything bad that had happened to us. This may not be a good idea. Michael Yardney for the Property Observer says that we will do well to learn a few things from the last property downturn. Let us talk about the five property investing lessons Yardney talks about: