7 Professionals Every Successful Investor Has On Speed Dial (And Maybe You Should, Too)

Why Every Property Investor Needs A Team

Imagine this…

It’s a year from now and you’ve just completed your first project. It might be a renovation, subdivision or small development. The value has been added to the site and you’ve sold the property for a substantial profit… it’s time to get paid for all your hard work!

Then you discover, that the deal was structured in the wrong entity, or you missed a special clause on your sale contract and now 50% of your expected earnings go down the toilet.

This could be you one year from now – unless you start building your team TODAY!

Zero Prior Experience. $100,000 Profit!

Kate showed up to the Property Launchpad with no experience. Now she's set to make $100k in the next 12 months!

Want to do the same? Apply now!

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I learned the hard way that we are only as good as the team that surrounds us… the funny thing is, I used to think that I could do it all myself.

My ego was telling me that I could do it cheaper, faster and more perfect than anyone else… the latter being my biggest downfall.

My Biggest Mistake

Being a perfectionist in this world will only get you so far. In fact, in my opinion, it doesn’t get you very far at all. I know this because I used to be one.

I was always striving to line my ducks up in a row before I could fathom taking a step forward. I thought I was just being organised but when I took a real hard look at myself, I realised I was becoming my own worst enemy.

Self-sabotage is what it’s called, but that’s a topic for another blog post!

I’m happy to say that these days I’m now far from being a perfectionist and have learned to engage others to do 95% of the work so that I can focus on the 5% that I’m good at.

Property investing is a people business. It’s not about building houses, it’s about building quality relationships with human beings.

If you take the longer-term view when fostering your relationships with consultants, colleagues and co-workers, you’ll become more successful with your property investing business.

Building Your Core Team

So who do you need on your team to create a successful property business that provides the financial outcomes you desire?

Let’s go through the core team first:

Bear in mind that while you’re building a team of quality professionals, you’re the one still in charge. That doesn’t mean you need to become a dogmatic, all-powering, all-conquering tyrant. Managing people needs to be done with diplomacy, respect and patience.

Ultimately though, you employ these professionals to provide you with quality, expert advice so that YOU can make a decision about YOUR projects.

Managing Your Team

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Jim Valery shares his Property Launchpad experience!

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In the early days of my team-building process, I went through 3 different accountants in 3 years! Now that wasn’t because I had incompetent accountants working for me, I just didn’t realise the importance of employing somebody that understood my big picture and specialised in the specifics of property investing.

After 3 frustrating years, I turned the tables and took the approach that I was employing the consultant and I had to take responsibility for that.

Instead of abdicating the task and leaving my choice of an accountant to chance, I interviewed 5 different accountants before I was satisfied that the chosen person would facilitate my needs and exceed my expectations. (Click here to read more about who got the job!)

Managing a team requires a fine balance of listening and acting on the advice, coupled with the ability and confidence to make your own decisions without allowing ego to affect your judgment. It takes practice to perfect (there’s that p word again!)

Other Professionals You May Need

Now let’s take a look at some project-specific consultants you will need on your team. This will depend on the strategy you are implementing so I’ll try and cover most bases.

As you can see there is a stack of people you need to help you on your property journey to financial freedom… but don’t let this list overwhelm you!

Just try to keep these three points in mind when building your team:

(And to save you heaps of time, you can use my recommended experts available inside the Ultimate Property Hub).

Let Me Save You Some Work. How About You “Steal” My Team?

Building a quality team can take some time… time that I can easily save you.  Instead of figuring it out on your own, I want to share with you the actual names & contact details of the most important people on my own team.

(These people serve any region in Australia, so no matter where you are, you should check this out)

Final Notes

Building a quality team is an ongoing task and your team will evolve as you expand and advance as a property investor.

Richard Branson said once that “If you look after your staff, they’ll look after your customers.” If we apply Sir Richard’s quote to property investing, staff can be replaced with consultants and customers can be replaced with your property projects. So we get:

If you look after your consultants, they’ll look after your property projects.

It’s that simple!

Just remember that no one cares more about your property project than you… so always take full responsibility for everything that happens, even when it’s not directly your fault.

Manage your team effectively by integrating these key principles: integrity, respect, clarity and gratitude.

And now, back to you: What’s your experience with finding professionals and building a team around you? Are you missing one of the 7 core professionals I’ve listed? Leave a comment below and let me know!

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Peter Baumann shares his Property Launchpad experience!

Do you want simple, predictable, big-time property profits? Save your seat now!

Property Launchpad - your ticket into the highly-profitable world of Joint Ventures!

7 thoughts on "7 Professionals Every Successful Investor Has On Speed Dial (And Maybe You Should, Too)"

Great stuff, Matt. Being a perfectionist too, I know the urge to “just do it myself” and I’ve learned the hard way the importance of focusing on what I can do well, and relying on other experts to supply the knowledge and means for the rest. Doing that has changed my life!

And thanks for sharing your team with us! So generous!

Thanks for the comments Meron. Great to hear I’m not the only perfectionist that has been able to turn things around… although that trait does sneak back into my life occasionally, especially when making coffee 🙂

Glad you got a chance to check out my awesome team … wait till you see my Property Investor Rolodex that I’m about to release!

Hi Matt, I am a very pumped but new to Property Investing and have chosen Subdivision/Splitter as my Investing Strategy. I surely have a long way to go but with your advice I am consistently putting effort to improve my knowledge and skills to find good deals. My evening very well spent reading amazing stuffs about property management. Thank you so very much Matt

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