Is it time for a portfolio health-check?

May 11, 2015 Sam Saggers

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is it time for a portfolio checkup?

When was the last time you had a good look at your property investment portfolio?

Is it performing as well as it could be?

Do yourself a favour and schedule a review as soon as possible.

When you finally do sit down to have a look ask yourself the following questions:

1. Are any of my properties underperforming?

Is there a property that’s draining your bank account with no possible capital growth in sight?

Then you’ve got to decide… sell or hang on. Run the numbers both ways and make your decision based on which scenario will benefit your portfolio.

2. Am I making my goals?

How many goals have I met and/or surpassed? Is it time to revise them or do I need entirely new ones based upon my changed circumstances?

For example, maybe your appetite for risk has changed. Your goals – and the strategies you use to meet those goals – should match your capacity to accept risk.

3. Are my risk mitigation efforts still effective?

Do you have enough insurances or do you need to increase your protection?

How about your buffers… are they in good shape or do they need to be beefed up a bit?

4. Has my lifestyle changed or will it change going forward?

New job, new baby, new career… changes happen. Has your portfolio kept up with the changes?

If you’ve got more money coming in, are you using it to grow your portfolio or pay down your debt or is it being frittered away on “stuff”?

Looking ahead, are there any significant changes expected within the next 6 to 12 months? Make plans and prepare for any necessary revisions to your strategy.

5. Do I need to update any of my properties?

Is your property stuck in the last decade (along with the appliances) or has it been modernised?

What about maintenance? Are all of your properties in top shape?

6. What changes can I make to boost my portfolio’s growth?

With the reduction in rates is it time to refinance and use that equity to buy another property or pay off some debt? Another option might be cosmetic renovations, which can also increase your returns.

Sometimes it helps to get another set of eyes on our situation, so schedule a meeting with your mentor or financial advisor and see if your portfolio is delivering the best returns possible.

To learn more about improving your returns, perhaps meeting your goals sooner, come along to our next Property Investor Night. At these FREE events you’ll learn up to date information about where the markets are at, strategies you can use to really prosper in the current investment climate and much, much more.

Seats fill up fast, so book yours now!

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