Brett Alegre-Wood
Chairman, YPC Group

My set and forget property strategy is quite simple.

Set and Forget, put simply, is:
Every little thing I do that has anything to do with property is set up so that I can forget it on a day?to?day basis for two years at a time; then I simply set it up again, so that I can forget it on a day?to?day basis for another two years.

The reason you build a portfolio should be to give you a better lifestyle, now and in retirement. If you constantly have stress from your properties through changing tenants, maintenance, cash flow problems, purchasing problems, refinance hassles you certainly wouldn't be experiencing a better lifestyle.

Set and Forget is more than just a strategy for your portfolio or a way you set up each of your properties. Set and Forget is the philosophy. It is present in every transaction, in every strategy.

If owning one property stresses you wait until you have 10 or 20 properties. It's this simple reason why I 'set & forget'.

Once I buy a property I set it up with a real estate agent and the collect the rent each month and manage any problems, I then forget it. I set my mortgages on direct debit and forget it.

Once the property is set my only responsibility is to check the rent each month and ensure the property is inspected every quarter. As long as these two things are OK, I can then get on with living.

So in short once you have bought the property; set it and forget it. You can't afford to have it affect your lifestyle.

Call the team on 1300 533 713 and they can explain in detail how we can help you Set up your Portfolio in order to Forget about it on a daily basis.

Live with passion,

Brett Alegre-Wood

Set and Forget

Reader comments for the article 'Brett's Set & Forget Philosophy'

You're invited to join in the discussion of this article. Do you have advice to share? An opinion or some feedback that adds to the discussion? Feel free to add it below!