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2013 Resolution #2: Get an investment plan and stick to it

Tuesday, January 15, 2013

... just because we are deeply OCD and plans have historically calibrated our existence.  In doing so, we hope to live in the now and re-learn the imperial power of adapting ourselves to different stages of the property cycle.  
The investment landscape today is a far-cry from what it was back in 2011 when prices were low and tenants were scarce.  For over 12 months commentators have been screaming and shouting about there being a housing boom and rental crisis.  Make no mistake, the high prices we see right now will continue to creep up; Auckland is not getting any bigger and we see no end to the waves and waves of immigrants.  Surely that nagging empirical market principle of supply-and-demand is already in motion and driving prices up, up and up.  What may have worked for you back in 2011 will probably be detrimental to your property progress now. 
What should you be doing now then?  Get to the drawing board, plan, plan and plan away!  Wasn't it Churchwill who said, "Failing to plan is planning to fail."?  Come on, the guy won a war, he must have known what he was on about.  Winging it and hoping that you will enjoy some sort of cowboy luck while blazing the trail of the Auckland property scene will most certainly end in tears.  Repeat after me, "Cowboy, bad.  Sun Tzu, good." 
We expect this to be a four-stage process consisting of:
  1. Understanding where the property market is at the moment;
  2. Create a tailored property plan to improve your financial position in the long run;
  3. Carry out the plan and its contingencies; and finally
  4. Sit back to enjoy the fruit of your hard work!  
To help with your planning stage, we have a couple of events coming up featuring experienced investors who will talk about their experience with the last complete property cycle, what they learnt and the wisdoms they will be applying to this particular point of this particular cycle. 

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The Tenancy Practice Service and TPS Credit Control work closely with the Auckland Property Investors' Association. Our vision of bringing helpful resources, documents and high quality services to Auckland Property Investors and Property Managers is shared by APIA, so its a partnership that works well. 

The Auckland Property Investors' Association is a great organisation for those who want access to advice and information from a range of industry experts and partners. 

Mathieu Holt- Managing Director, The Tenancy Practice Service & TPS Credit Control
Through the Association I found the channels and methods to fund the purchase of property I never dreamed about. Grant Brown

All round it has been one of those things Neil and I felt was really worthwhile belonging to. We have learned so much it has just built our confidence in what we are doing.

Janice Bieleski
I read two articles in the monthly magazine that saved me over $5,000. That is my membership fee for the next 26 years and I am sure I will learn a whole lot more! John Duncan
Fantastic organisation. The networking opportunities are brilliant and provide us with information and opportunities that cannot be obtained anywhere else. We learn something new at every meeting and we've been in this game for nearly 20 years. Pauline and Gyanen Kumar

I find the information obtained from various APIA meetings very useful in guiding my own property investment and rental management.  I also enjoy the networking opportunities with like-minded investors.  I am inspired by other investors’ success and find the more experiences and knowledge that I share with others, the more confident I become.  

Thanks to all APIA event organizers and administrators for your brilliant work. 

Stella Shao

I like talking to people and learning from their experience because it gives me the confidence to invest well. I think it is a knowledge thing. I now know I am doing things the right way.

Stephen Weatherall

My APIA membership has become a total success.

Every time I attend a monthly or regional meeting I come away with so many useful and positive tips that have added value to my property investments and management.

Not only that, the website is a great place for practical advice and useful information. It has now evolved into an important resource for my business.

Talk about value for money! The discounts I have been getting at Bunnings when I present my APIA membership card have more than paid for my annual subscription!

Tim Duffett, Plan A Investments Limited