Real Estate Investor March 2021 March 2021 | Page 32

GETTING SMARTER

“ The way you do your work is more important than how much work you do .”
32 . 8 Lessons to learn about investing in real estate
“ You ’ ve got to be the kind of person that the snow wants to attach itself to . You ’ ve got to be your own wet snow in effect .” By making great investments over his life time even at 90 years old , one of the most successful investors globally has created a huge and unstoppable snowball effect . See the top 8 lessons from the investment legend Warren Buffet .
34 . De-risking your portfolio
Every activity that is carried out by a rental agent or an investor is governed by legislation . More than one Act needs to be borne in mind in most phases of the rental management lifecycle . A standard operating procedure ( SOP ) is a set of stepby-step instructions compiled by an organization to help its stake holders carry out routine operations . SOPs are the most important step in de-risking your portfolio .
44 . The value of proptech as an entrepreneur , landlord & tenant
One thing that cannot be denied about 2020 is that the year showed inefficiency gaps in the real estate market and revealed how most companies lost the ability to sustain business activity during lockdown . It is through technology , which enabled swift communication and digital running of businesses , that many companies survived this economy threatening pandemic .
30 MARCH 2021 SA Real Estate Investor Magazine