At my recent Toastmaster meeting I was asked to speak about luck and intuition.

I quickly found myself talking about my work which is rental property management. I am the managing broker of Cartref Properties who manages rental investment properties for our clients. 

The question was do you think luck and intuition are intertwined?. 

I went on to say how I do believe that they are interconnected and explained that in my work I am using my intuition all the time and when I follow the intuition I find myself luckier. 

On the day of the question I had received an application from two people about a house we have for rent. The two people supplied their financial detials. One party was self employed and supplied their bank account for their business. In reviewing the information I noticed the bank account often had less than $300 in it. I asked them to provide their personal bank account information, which they did. That information did not specify who the account belongs, and for two of the three months it was in a negative balance.  

The question is am I lucky or is it intuition. All these details are telling my intuition not to rent to the person as they are not going to be able to pay the rent. I find when I follow my intuition  I find myself luckier. If I had rented to this person I  could see the rent being late regularly and this causing issues during the tenancy.  

We should never judge a book by its cover, good or bad. This individual presented themselves in a very good manner during the screening process to view the property, and at first I liked them as an applicant. That is the cover of the book, but it is important to read all the pages to clearly understand what the story is. Don’t be fooled by the cover, do your due diligence and find the answers you need to make an informed decision.   

What is that quote? 

“The harder I work the more luck I have” 

Need assistance managing your rental property. 

Cartref Properties can assist you, call today to discuss your needs. 

You can find more information about us at: www.cartrefproperties.com