SarahBeenySpringIssue2017 - 63
Working in a department that
creates a platform for goals, targets
and objectives to be met within an
organisation was a fantastic learning
experience for Susan - it was no mean
feat ensuring that all these things were
achieved through the performance of
other members of staff. This provided
Susan with the skills to coach and
mentor her colleagues to get the best
from them in the workplace.
From the perspective of property
investment, Susan soon learned that to
build a successful portfolio, she needed
to apply the same business principles
she had learned while working for a
She understood that establishing
solid foundations and getting the right
building blocks in place at the beginning
were vital for securing the ongoing
stability, growth and overall profitability
of her property business.
IT IS ESSENTIAL TO
GET HELP AT THE
BEGINNING OF YOUR
JOURNEY FROM A
MENTOR WHO HAS
Getting the correct guidance and
support from a property coach and
mentor can, and does, make all the
difference to your property investment
journey and overall success.
One of the fundamental starting
points is to ensure you are absolutely
clear about what you want to achieve
- you don't want to start climbing the
property investing ladder, only to
discover that it was leaning against
the wrong wall.
Many investors miss out this vital part
of their journey and start investing in
property without considering what they
want to achieve in the long run.
Know what you want
The Property Mentor team coaches
new and experienced investors, who
often know how many properties they
want in their portfolio, but do not
always know what they want to gain
from having them. It is key that a
potential investor understands why
investing in property is important to
them - before they start.
HOW MENTORING CAN
HELP YOU SUCCEED
and avoid the pitfalls
In terms of property investment,
money can be made if the personal
investor has the motivation and
drive to succeed, does their
homework, puts in the effort and
is accountable for their actions.
However, money can also be lost
- hundreds and thousands of pounds,
potentially. If the investor doesn't
learn the basics about the processes
and legalities of buying and selling
property, and fails to understand
their responsibilities when it comes to
licences and regulations, they will
quickly find themselves in hot water.
This is where appropriate,
experienced and respected coaches
and mentors come in to the equation.
Generally speaking, coaching is
for short-term activity, where
specific issues can be explored,
leading to enhanced awareness. It is
particularly good for people facing
change or taking on a new venture.
Mentoring, on the other hand,
is when an individual receives
guidance from someone with
specific knowledge and experience
of the venture or project in hand. The
mentor helps the person to fulfil
their business aspirations and tends to
be an empathetic relationship over
a longer period of time.
As a successful entrepreneur and
investor, Susan Alexander's team
of coaches and mentors has helped
individuals and couples to build
their own successful property
investment portfolios in an ethical
and professional way.
Topics covered in training include
how to invest, securing funding,
securing a deal with just a few
hundred pounds, growing your
portfolio quickly, attracting sellers,
dealing with paperwork, finding
investors, licences and regulation.
If you don't know why you are doing
something, or why you want to do it,
then you are almost certainly going to
struggle to achieve your goals, and
are more likely to give up before you
get there, particularly if the going gets
tough, as it inevitably will.
Understanding your reason for doing
something will help you to stay faithful
to what is important to you, motivated
and moving forward on the right lines.
When Susan first started in property,
she knew that her reason for doing it
was to be in control of her future. A
consolidation process at work resulted
in her being made redundant, and was
something of a wake-up call for her.
While she could have secured another
job in HR, she didn't want to find herself
in a vulnerable position again.
Having a couple of rental properties
already at that time, Susan realised that
property investment could give her the
level of control and security that she
wanted for her future.
Having a good reason for going into
property investment isn't sufficient on
its own, though - you need to create a
strategy and plan. There are a number of
different ways you can invest in property
to achieve your desired outcome, and
some work better than others.
Having a clear strategy and step-bystep plan, which clearly outlines how
you will reach your goal before you
start, can make a huge difference to
the timescale of your success.
It is essential to get help and support
right at the beginning of your journey
from a mentor who has the necessary
experience and know-how to help you
put together your plan and develop
your knowledge in this area.
Unless you are investing in property
as a part-time hobby, then it needs to
be treated as a professional business.
Working with an experienced coach and
mentor will ensure you have the clarity
and knowledge you need to develop a
portfolio that can provide you and
your family with ongoing wealth and
security for the future.
If you need more detailed assistance
in any of the areas covered in this
article, or in other parts of your property
investment journey, you can book a free
coaching call with Susan or a member of
her team at thepropertymentor.com
FOR MORE INFORMATION
Call 01244 760213