Investment Property Management Company Serving Berkeley Park Atlanta Georgia

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Are you a real estate investor in Berkeley Park Atlanta Georgia searching for a professional rental property management company give RentVestPM.Con a try…

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You can be searching for Property Manager near Marietta, GA or Property Management Companies in Colorado Springs, CO many pros will recommend that you call RentVest. With more than 30,000 tenants and over than three thousand investors in our books in twelve markets RentVest Property Management is professional rental property manager in Berkeley Park Atlanta Georgia. that has you covered. Whether you have one property or four if have dealt a property manager in the past you probably know by now that not every rental property management company is the same.

Great Things About Hiring A Good Investment Property Manager in Berkeley Park Atlanta Georgia

If you are somebody that is investing in or planning on purchasing real estate, you have made the best decision. Still, property management can be a permanent job. It is certainly not a laid-back investment. That is unless you get a property management company. Following, we will be discussing a few of the pros of working with an investment property manager for your investment property in Berkeley Park Atlanta Georgia.

  1. Save Your Time: Perhaps the ultimate reward that comes with employing a property management company to look after your investment property concerns the amount of time which you will save. As noted, managing investment property could be a full-time task. In fact, you will end up accountable for locating tenants, rent collection, and even landlord duties. Instead of having to worry about all this, you might simply contract out the management of your residence to a expert property management company in Berkeley Park Atlanta Georgia to free up time that one could spend doing other items.
  1. Leverage Their Experience: Another major benefit available from working with a property manager for your investment property is the capability to benefit from their experience. By employing a property manager in Berkeley Park Atlanta Georgia that may be local to your investment property, you will be able to get tailored and expert consultancy to make your premises much more attractive to renters. In addition to this, they are able to more efficiently promote your property from the community that may keep the property attracting the money-flow.
  2. Looking for Tenants: Last best benefit gained from employing a highly skilled manager to your property is having the ability to hire someone who has experience with screening for tenants. This is especially valid if you are searching to acquire long-term tenants. You must properly vet your potential tenants to ensure that you have the ability to hire a boarder who is not gonna leave your home destroyed and that they will be able to make on-time payments. Having an experienced manager deal with this for you personally can really help decrease the risk associated with your rental property.

In the long run, hiring a seasoned property management company for your personal investment property could be the best way to make your investment a much less hands-on investment that may clear up efforts and help save you the stress of day-to-day management duties. With that said it is important to ask everything of concern during the interview process. Or better yet, if you do your homework before the interview. If you have more questions, please, take a look our blog. There you‘ll find blog articles addressing subjects like property management tips and benefits associated with hiring a good investment property manager in Berkeley Park Atlanta Georgia, but better yet why don’t you give us a call.

Blog Post of Interest to Those looking for Property Manager in Berkeley Park Atlanta Georgia

Economic Tips for Investment Property Management and Purchase

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The economic aspect of investment property management and purchase can be particularly confusing especially for those who are investing in a property for the first time. You don’t want to end up making several mistakes that cost you more than the property is bringing in.

Some tips will help you with investment property management and others that will help with buying your first property. Not knowing some of these economic tips can put you in significant debt as the worst-case scenario or with a property that is barely making you any profit as the best-case scenario.

Investment Property Management and Purchase Tips

For starters, you don’t need to get a very expensive home. The more expensive the home, the higher its expenses will be. Maintenance and everything else will cost more with a bigger and more expensive house. It’s recommended that you start with a home with a value of about $150,000.

The location of the home is another important factor to consider. If it’s located in an area with a high crime rate, then it won’t bring in much money because the only way you’re going to make it attractive to tenants is by lowering the cost of the rent. On the other hand, a property in a great neighborhood with great schools and malls nearby, for example, would be a very wise investment.

Consider the operating expenses of your property. Don’t expect to make 100% profit from the rent you collect because that’s not realistic. Operating expenses should ideally be between 30 and 70 percent of gross income. For example, if you’re renting the place for $1,000 per month, then the operating costs of the place should be between $300 and $700. Naturally, the lower operating costs, the more profit.

Down payment for investment properties is higher than that for a place where you’ll live. You might have paid less than a 5% down payment for your home, but down payments for investment properties are usually much higher. Additionally, paying more first will save you later on because the remaining sum will have an interest rate. By paying a higher down payment, you’ll be able to pay the rest of the cost faster and with lower interest.

Finally, investment properties are a risk. Some people become rich while others fall into debt. Those who still have student loans or medical bills to pay off may not want to add more pressure to their financial status by investing in property. Perhaps you should wait until you’re in a more economically stable position before taking a risk with investment property. Of course, if you’re barely in any debt and you’re not worried about it then go ahead and invest.

Investment property management isn’t a blind risk. You need to do the math and consider all options first to guarantee that you don’t end up losing money. Consider the type of property and its location, as well as your financial status, before rushing into a decision.