The beauty of investing in real estate is that there are endless investment possibilities. You can invest in rental properties, single-family homes, multiple single-family homes, or multi-family buildings.
Topics: multi family investments
Managing an apartment building is a very stressful job. One of the factors that can be an ongoing struggle is maintaining a low vacancy rate. Paying attention to the rental market analysis is an essential part of managing your building.
Ideally, you want your multi-family building to have a low vacancy rate so that your real estate investment can generate more revenue. However, keeping your vacancy rate low might be out of your hands.
Tax season is a busy and complicated time for everyone. Filing taxes can be a scary process since the repercussion of making a mistake can be very expensive.
When you first bought your investment property you probably didn’t realise just how much time it would take out of your schedule. Not only do you have to deal with your tenants and their issues, but you also need to do constant maintenance checks.
If you were to keep track of all of the time spent on phone calls with tenants, maintenance repairs, and other tasks, it would add up to be a full-time job.
There is no need to fret, hiring a property management company will help ease the burden of managing your investment property. I know what you are thinking, you don’t want to spend any more money. Well, what if I told you that hiring a property management company can actually save you money?
Topics: Property Management
With signs of uncertainty in the market, analyzing your next (or current) real estate investment should be the top priority. Jumping into the unknown and hoping for the best is risky business and not recommended for real estate investments.
For those investors that like to have some certainty in their portfolio, being a member of a rental pool is the way to go!