There are a number of reasons why you might want to switch before commencing your property investment business.
One of the biggest potential problems is they may not have the property-specific knowledge and skills you’ll need in future. Their ‘generalist’ knowledge may have been enough to deal with ‘everyday’ situations, but they may not have the detailed understanding that’s needed to handle more complex issues.
It can also be difficult for someone who has known you for a while you in a particular capacity to think of you in another way. This may mean that either you or they start feeling uncomfortable in your new business relationship, or it could lead them to make suggestions that unintentionally aren’t in your long-term business interests.
If you want to change advisers, or don’t know any professionals at all right now, the first thing to do is to create a list of ‘possibles’ who might be able to help you. Start by asking friends and business colleagues for any recommendations they may have, particularly if they’ve used somebody for property dealings. Also ask them about people they wouldn’t use. This can be equally valuable information and save you the time and pain of becoming involved with an under-performing professional whose slowness or incompetence could cost you a lot of money somewhere down the line. Online directories like australianbiz.com.au can also help you identify possible professionals, although this is only as a starting point for further investigation.
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