Careers in Property Investment
Playing the property game can be a dangerous one, especially when you are dealing with somebody else’s money. Working in property investment you will be responsible for looking after client’s money and investing it in property, with the ultimate aim of making money on the client’s investment.
This could mean investing in anything from office blocks to beach houses, if you think they are going to make a good return. The thing to remember with property investment is that you are not buying the property because the person wants to live or work there, you are buying it as an investment, and must look at it from a commercial standpoint.
A typical property investment would be in a retail part or a shopping centre, something that is not going to be outdated and can give you good returns. When working in property investment you will be working with either private clients or investing into funds, which will be made up of a number of investors and a have a number of properties in a portfolio.
How To Get Into Investment Property
Investment property is for those with good math skills, and a good head for figures. The traditional way to get into investment property is to start your career as an administrator in a property developers office, and work your way up to become a property manager.A university degree and a RICS accredited course will both work in your favour, and help you get your foot in the door of a property investor’s office. Working in investment property you will be expected to work occasional long hours, but the pay can often be quite good, so those that do find themselves working late do normally not mind, if they are passionate about the job.
The best places for jobs in property investment are the major cities, as these are the places where the most development happens, You can work at smaller more localized firms, but the projects you will be working on will tend not to be on such a large scale.
Your Day-to-Day Role
Part of the day-to-day role of a property investor will be to be on the look out for new opportunities and investments.You will need to manage the client’s portfolio manage and make sure that it performs well, in line with the client’s expectations.Because of this you will need to make sure that you are in constant contact with the client to ensure that you represent the company you are working for, and make sure you aware of all the latest investment opportunities.
You will then have to report back to your manager about on a regular basis about any new investments that are on the horizon and how they would benefit your client, as well as producing reports and information when required.
Investment property is not for those that are not passionate about property. You need to have a real drive to want to succeed and be able to spot a good investment opportunity. Property investment can be quite technical and involve a lot of figures, but this doesn’t mean it can’t also be a enjoyable and give you a real buzz when you are able to earn thousands or even millions form investing property.
