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Last Updated on January 20, 2024 by Work In My Pajamas
It’s Monday morning, the rain is pouring outside and you’re trying to psyche yourself up to get ready for the working week ahead. Wouldn’t it be lovely if you could hop out of bed at a reasonable time, make yourself a cuppa, and get to work right there in your pajamas? Working from home is something all of us dream about at some point, and while working in your pyjamas might not be the most realistic habit to boost your productivity, working from a home office can be the perfect situation for a lot of people. One career that makes a perfect option for those seeking a work from home position is property investment.
A lot of people who get involved with property investment do so alongside their current role to make some extra income. However, property investment also has the potential to become a full-time career in those who enjoy the thrill of making new buy to let investments and the responsibility of being a landlord. Of course, like most things, it’s not a good idea to quit your job to pursue a new career altogether without trying it out first. When making the transition between part-time landlord and full-time landlord, it’s best to start with one or two property investments and then build your property portfolio gradually once you feel more confident and skilled in the sector. So why is property investment such a good career for those looking to work from home?
In a nutshell, property investment provides people with the freedom to work from anywhere. Since you work for yourself, you’re able to manage your own time and work to a time schedule you set yourself, without the need to collaborate with a large team of people to keep your business going. A lot of the time, full-time landlords have less need to leave the house for work-related issues, giving them plenty of time to settle down and be productive in a home office. When researched properly, the properties you invest in can grow in value due to capital appreciation, which is perfect for investors who wish to sell their buy to let property later in life. Properties from companies like RW Invest are based in prime UK locations like Liverpool and Manchester which have plenty of potential for capital growth.
While being a full-time landlord can be a great solution for people dreaming of a work-from-home career, it isn’t always the best option for those who like to keep busy. If everything is going well with your property and your tenants are happy, you can be left with a lack of tasks to carry out. That’s why it’s important for full-time property investors to consider the tasks they can do and the skills they could learn that will not only give them something to do during quiet periods, but boost the success of their investments at the same time. Day to day tasks that are important for building on existing skills in the property investment field include customer research, creating business plans, getting your finances in order, and keeping an eye on the state of the property market. Other skills that property investors could benefit from learning include picking up skills in a new trade, such as plumbing or decorating. This way, maintenance issues can be dealt with without the need for help from an external specialist, saving you money and keeping your property in good shape.
