Property Experts Have Talked About Multiple Income Streams

Category: Finance, Real Estate.

Find a, niche and add, as yet unexploited it to your portfolio of businesses argue the business GURUS. But, almost all of them agree that the best niche is the one with hungry buyers with money to spend.

Property experts have talked about multiple income streams. Rich footballers wanting best properties is a niche market to go far. Here is a step by step guide to help you exploit this largely untapped market: - 1) Do some research and find out where the celebrity footballer s property hotspots are. Offer your services to advise them on buying their residential property as well as advising them on creating an investment property portfolio for them. This information will give you an insight into the type of property that your potential clients are looking for or want. For a main residential home, the above is a wish list to bear in mind. 2) In regards the investment portfolio, advise them on development deals that are currently available.

As a general rule, celebrity footballers want access to commuter routes, airports and their stadium. 15 minutes drive from the stadium is a reasonable guess and a good starting point. An example of a good deal will be, 30 apartments ready for building, buy the lot now at 25% discount, they will be ready in 2 years time for occupation and all being well their value will have appreciated by 50% over the two year time span. These deals can be scattered all over the world. 3) Having established a basic understanding of the market in terms of the preferred geographical locations you need to devise a service package for your clients. Alternatively, I have a deal on my table. 12 houses, apartments and flats in total, the developer wants to move on to the next site, these are discounted by 23% if you buy the lot now. Your service package details your offer. This is an all inclusive platinum service and starts with your instructions.

Here is an example for: - " Rich portfolio UK Ltd is a property sourcing/ acquisition service designed exclusively for celebrity footballers. Based on your requirements, we go into the market, find properties that meet with your pre- defined selection criteria, short list those that meet your requirements closely, arrange a suitable time for you to visit and view these properties. Finally, the legal work. Once you have decided on a property or a number of properties, we negotiate a fair price for the property or properties on your behalf, instruct valuers to provide a survey/ valuation. We have a panel of specialist property solicitors to act for you or you can instruct your own solicitors at the end you just list your contact details" 4) How do you advertise? If you have purchased any property for celebrity clients before then ask them for personal introductions. Personal introductions are the best referrals you will ever have.

If you were working on creating a portfolio/ service package ensure that you include a testimonial from your previous clients. Such an inquiry may help you reach the team or they may suggest a way of reaching your target audience. Celebrity testimonials will really add value to your business, service as well as your credibility. 5) In the absence of personal referrals, ask to speak, contact the stadiums with the team manager and explain your reasons for wanting to arranging a time. If all else fails then ask the stadium staff for assistance they may suggest that you put your business card in the information pack which the players are sent every season. 6) When you start to get business via your own efforts or through recommendations. Prepare a template in advance of the meeting and just fill in the gaps at the meeting. It is advisable to take detailed instructions from your clients of their requirements when you first meet with them. Work on finding suitable properties as soon as possible.

Be professional in your conduct and approach. Keeping your clients informed of your work at every stage is a key in establishing and developing your business relationship with your client. Ask your clients for their preferred method of communications when you first meet with them and then ensure that your keep to the agreement with your client. Property advisers typically charge 2% of the purchase price of the property. This article is about adding an income stream or a number of income streams to your business. Your USP( unique selling point) is that you negotiate good prices which are well below the asking price of the property and therefore your service pays for itself. Once you establish a working relationship with a celebrity footballer, you will generate an occasional but nonetheless a substantial revenue stream from the purchase or even sale of their main residential property and secondly from advising them on their investment portfolio on an ongoing basis.