The importance of networking can never be underestimated. Getting to know other landlords in your area can not only help you improve your immediate ability to be a better landlord but can also help your professional growth. Networking also gives you a deeper understanding of market trends; the wider your contacts are, the more confident you can be in valuing your portfolio correctly and knowing what possible changes are on the horizon. So what networking opportunities are out there for landlords?
At landlord events such as seminars and conferences, there are a number of opportunities for you to meet like-minded property owners and learn from each other, trading stories, discussing issues or tips on how to better manage your portfolio and other issues like hard to manage tenants. Your peers’ experience could be invaluable in your own journey.
There are a number of landlord associations you can join in order to attend meetings or just learn about your rights, responsibilities and obligations as a landlord. Associations are one of the greatest resources out there in terms of keeping an eye on the market, where it’s headed, and how you can position yourself to profit from it. With a number of associations spread across the country, you’re sure to find somewhere close by and that suits your needs.
Establishing a social media presence is also a viable route for landlords looking to extend their contact list. Engaging with and building a strong Linkedin presence can provide you with a vibrant community to collaborate with by making use of recurring hashtags relevant to the landlord, property management field. Facebook is also a viable resource as you have the chance to join private groups, share resources, ask questions or seek advice around a particular topic. Maintaining your social media presence highlights that you are serious about property management and developing important social proof.
Networking can be daunting to begin with if you are new to the concept, but the rewards of having a strong community of like-minded people behind you, with the same work ethic, future plans and issues can be a great resource to lean on when required.
Remember we’re always here to help too should you need any assistance or further guidance, so please don’t hesitate to contact us here at KPM Group any time and we will be happy to help in any way we can.