How do you know when to hire an expert? Is it a good investment or are you better off saving your money? These are some of the questions Mike puts to Business Coach and Growth Advisor Sam Dean in Episode 26 of the Property Investing Journey bonus series.
Sam has a strong track record in the accounting world, giving Mike plenty of ammunition for some good-natured teasing. In recent years though, Sam has turned her attention and experience to helping business experts and owners increase their revenues whilst building businesses on their own terms.
As Director of BlueprintHQ and host of The Business Habitat podcast, Sam’s no stranger to working with experts, whether it’s accountants, tax professionals or the myriad of other specialists involved in the business and investment world. In this episode, Sam shares her own experience of engaging MCG Quantity Surveyors to complete her own depreciation schedules and reinstatement cost reports on her family home, and the benefits that she derived from the exercise.
When it comes to property investment, there are a number of ways in which you can seek expert guidance, whether it’s via an Accountant, a Quantity Surveyor, a Buyer’s Agent or more. How do know whom to go to, and when it’s of value to engage a professional compared to doing it all yourself? Mike and Sam cover these questions and more in this week’s conversation. If you’re looking to save time and energy, and get bang for your buck, you won’t want to miss it.
Here at MCG, we are passionate about creating a forum and education series for property owners and investors. We do depreciation differently, and offer a set rate for Replacement Cost Estimate reports. A first in the industry. Join our clients saving more on their tax today https://www.mcgqs.com.au/
“I have always been an absolute advocate of ‘it’s not the what, it’s about the who’ “ Sam 1:56
“You need to really understand what you want out of a property. If this is something that you’re doing as a one-off, it’s a different result than if you’re going on to say ‘hey, this is something I might want to look at over time to build a property investment (portfolio)’ “ Sam 3:22
“I will put an expert on, on occasion, that I think will save me time, which is sometimes more important than money – time is money” Sam 7:17
“If you get an expert who does not explain and make sure that you understand in your own head what’s going on, then you are not getting the value you could otherwise get.“ Sam 9:20
“Experts won’t always be paying for themselves in money returns, but that is not the best way to value them because there’s security, there’s knowledge, there’s peace of mind and psychological well-being.“ Mike 13:34
“No expert can be great for you unless they completely understand what you want” Sam 15:35
Links mentioned
https://gearedforgrowth.com.au/podcasts/episode-113-interview-with-samantha-dean/
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