Ever fancied a job where you get to make your own hours, work from home and are, essentially, your own boss? Then property investing may just be for you.
How much time you want to devote to a career in property depends on whether or not you want to become a passive or an active investor. In terms of the former, this could involve investing in developments via Crowdfunding schemes. For a more ‘active’ property career, you could become a buy to let landlord managing your own properties.
Then again, many full or part-time property freelancers spend their working life as a property sourcer, where they are hired to find properties for interested buyers (think Phil and Kirstie on Location, Location, Location) or facilitate deals between sellers and investors. Of course, you don’t have to stick to one particular category of property investing, but you could have a hand in all three. That’s the beauty of a career in property – you can choose what to do and when, and all on your own terms. Flexibility is the key word here.
Work from home in comfort – and for free!
Another advantage of working for yourself is that you can work from your own home. Not only does this mean you don’t have to commute to work, but neither do you have to fork out on rent for a draughty office, and invest in lots of equipment. You can also claim back money on tax for utilities, as well as tea and coffee expenses.
Some people argue that working from home can be lonely, but that’s not the case with a career in property. That’s because networking is essential in this sector. Whether that’s meeting other investors at monthly landlord meetings, dealing with tenants or chatting to estate agents and other professionals within the industry, you’re going to be engaging with plenty of individuals over the course of your career. You could potentially end up going into partnership with some of them as your property career grows, developing more confidence about the industry in general.
Tips for working in property from home:
• Attend local property networking meetings. This helps you to find out what’s happening in the property market in your area and the sectors you’re interested in. It also provides social contact, which is necessary when you’re working from home on your own.
• Team up with other investors. It’s important to have someone who knows the industry well to bounce ideas off. They’ll also help boost your confidence and motivate you if you’re just starting out or a deal falls through.
• Don’t work around the clock. It can be tempting when you first start out with your own business to put in all the hours you can. You want it to be a success, after all. But after a while you’ll find this is counter-productive. Not only will you get fed-up, tired and therefore be more likely to make mistakes, but your close relationships are bound to suffer too.
• Have boundaries. Make sure you clear away your work at the end of the day – ideally work in a spare room if you have one so that you can physically close the door on your ‘day job’. Always take the time to refuel with lunch.
In summary, not only can you work from home with a career in property, saving you from having to rent an office, but you choose your own hours to fit work around you and your family’s lifestyle. Meanwhile, the goals you are working towards are yours, and yours alone.
A career in property can be satisfying (when you reach those goals), rewarding (giving tenants a decent roof over their heads) and lucrative.
Get more advice and information on starting a career in the property sector by speaking to us on 0333 123 1330.