What is the action plan of your company in providing such service?

In project management, an action plan it’s a document that lists the action steps needed to achieve project goals and objectives. That is, an action plan clarifies what resources you’ll need to reach those goals, makes a timeline for the tasks or action items and determines what team members you’ll need to do it all. We’ll define what project goals, project objectives, action items and action steps are later on in this guide.

An action plan is a document that documents the execution of the project plan. That is, it is a detailed list of the work that must be done to complete the project goals. It outlines what resources you’ll need to achieve your project objectives and what your timeline will be, including the action steps that are involved in getting from the start of the project to the finish. An action plan is similar to a project implementation plan and it’s very helpful during the project planning and project execution phases.

Not only are you figuring out the action steps and timeline, but you’ll also determine who you’ll assemble for your project team to work on those tasks.

  How to get right property for your investment?

Buying an investment property continues to be one of Australia’s favourite ways to invest. An investment property should be about increasing your wealth and securing your financial future. There is however, a common misconception that property investing always delivers positive returns, while this is true most of the time it certainly isn’t an instant road to riches. You need to keep in mind that how effectively you manage your investment will determine whether or not the investment helps you reach your financial goals. The cost of owning an investment property can be surprisingly low after you take into account your rental income and the tax deductions you’ll be entitled to.

Watch our two part video series to see our top 10 tips for buying an investment property or view an infographic summary of our top 10 tips here. 

1. Choosing the right property at the right price
2. Do your sums – Cash Flow is always king!
3. Find a good property manager and let them to do their job
4. Understand the market and the dynamics where you are buying
5. Pick the right type of mortgage to suit you
6. Use the equity from another property
7. Negative gearing
8. Check the age and condition of the property and facilities
9. Make the property attractive to renters
10. Take a long-term view and manage your risks