As a matter of fact this kind of an advice will elicit form the audience nothing but surprise at first. Though for the ones who understand this more, they will actually confess this to be a very smart move for the management of their property when they clearly get to understand the concept behind the whole idea.
The rule is that the good investor should never visit their property and it is even advisable not to live in the same state as your investment property is located. This crazy proposition has the advantage of opening you endless opportunities to investment as you can with it go ahead and invest in whichever part of the wide world you may choose to do your investment in. Anyway, let us see some of the reasons why you should never inspect your investment property.
The first reason we will give a look at is the fact that before you settle for the purchase of the property, you definitely must have a building inspector to check out the building. These professionals will do a far better job on the inspection of the property much more than you could ever do and as such trashing al your needs to do an inspection of the property. After one will have bought the property and it is now theirs to manage, the services of the property managers will be there to help them do a good management of these investment property and these too are technocrats who well know their jobs and will do them to the best possible standards far much better than what you could have managed on your own.
In a relationship of any kind and more so of a business nature, there should exist a feeling of mutual trust and confidence between the trustees and those whom the custodianship rests and in cases where this seems to be amiss then that is a good sign of trouble and dealing with the people of the wrong type. Humans will develop attachments of emotional nature to anything they hold dear and this is just in our wiring and as such when you consider inspecting the investment by yourself then be ready to start developing emotional attachments to it which will be counterproductive to your decision making process especially the financial ones. Realistically speaking, a serious investor will have so much in his basket to sort that they will hardly find spares of time to look into the duties for inspection of the property. The good investor knows quite too well that real money is out of capital growth and invests more of his time in seeing the ways of seeing this achieved.