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A Wealthy Life

Jul 13, 2023

Episode 72: Can You Go Away and Leave Your Portfolio?


Property investment is not just about acquiring and renting out properties – it's a business that requires proper management systems in place. Even with good systems, things can slip through the cracks. But don't worry, I've got you covered!


In this episode of A Wealthy Life, I delve into the importance of having good systems in place for property investment. I’ll emphasize that even with good systems, things can still slip through the cracks. I’ll stress that property investors need to do more than just acquire property and put tenants in; they need to receive rent, stay legally compliant, maintain the property, and ensure it remains a profitable investment. 


I’ll advocate for having systems that allow investors to take extended holidays or be away for extended periods of time. Then, I’ll reiterate that property investment is a business and needs to generate income, with expenses deducted to determine profit. Finally, I’ll discuss the options for managing rental properties, whether through a letting agent or by taking on all management responsibilities as a landlord.


Join me on this insightful episode of A Wealthy Life as I dive into the intricacies of property investment and provide valuable advice for successfully managing a property portfolio!

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Highlights from this episode:


[00:01:39] – Tracking Income, Expenses, and Property Maintenance

[00:07:13] – Legal Requirements for Landlords

[00:08:41] – Proof of Safety Certificates

[00:14:22] – My Excel Spreadsheet Master Version

[00:15:08] – The Lending Process & Setting Up Systems


Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons. 


Connect with Vicki: 

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Booking calendar -  


Browse Books by Vicki: 

Using Other People’s Money: How to invest in property 4th edition  

Make More Money from Property: From investor thinking to a business mindset 2nd Edition  

Property for the Next Generation: Securing your future in uncertain times 2nd Edition  

The New Estate: Insights from the 22nd century  

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style  


Or read the following Ebooks on  

9 Critical Property Principles  

The De-Job Yourself Manual: Break your reliance on a monthly wage  

The Values Manual: Understand what your values are and how they can be key to a successful business   

The Goal Setting Manual: Create meaningful and practical goals then achieve them