Improving your property’s performance, with Kimberley Ackerman – Ep. 66

For the latest episode of this bonus series of the property investing journey, Mike is joined by Kimberley Ackerman, Principal of Buyer Ambassadors and host of The Property Buyble podcast, to talk about getting the most out of your investment property.

With interest rates on the rise, it’s more important than ever to ensure your property is performing at it’s best, and that doesn’t just mean getting top dollar for rent. In this conversation, Kimberley steps through the four quadrants of property investing and explains why when it comes to property, a dollar saved can be worth more than a dollar earned.

Mike and Kimberley discuss the benefits of renovating to improve the property’s return, and consider what might be low hanging fruit when it comes to adding value. Kimberley also highlights why it’s important to take a business approach rather than an emotional approach and how doing so can help you keep on budget.

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Mike is joined by Kimberley Ackerman, Principal of Buyer Ambassadors and host of The Property Buyble podcast, to talk about getting the most out of your investment property. With interest rates on the rise, it’s more important than ever to ensure your property is performing at it’s best, and that doesn’t just mean getting top dollar for rent. In this conversation, Kimberley steps through the four quadrants of property investing and explains why when it comes to property, a dollar saved can be worth more than a dollar earned.

• Lifting the equity in your investment
• The four quadrants of property investment
• The business of real estate
• The advantage of finding savings
• The low hanging fruit for property renovation
• The land to asset ratio

“The two big things to think about that are overarching here – your earnings and your savings when it comes to investment property” Kimberley 3:03

“I’m a big advocate of renovating for property. I’ve renovated many houses and apartments of my own and my own investment property and I really think if done very efficiently and properly, which comes into the savings side of things, that this can improve your property not only from an overall value perspective but from a rental perspective and equity perspective” Kimberley 6:56

“The first thing is really looking at whether or not it’s the type of property that deserves a renovation, like is it going to add value” Kimberley 9:48

“More times than not you’ll be able to force some sort of capital growth, I guess you say you’ll be able to force some sort of value. It’s just about doing it efficiently, not over-capitalising on the costs that you’re spending” Kimberley 13:32

“You can get different quotes for insurance, you can get quotes for your property management and see if you can be a little bit more efficient with the expense side of things” Kimberley 15:19

“I always say peoples’ property portfolios is like a little family they all have to complement each other ’cause they affect each other, ’cause they affect your finances” Kimberley 17:37

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