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We have the knowledge of our neighborhood and experience in the local market. Leverage our team's expertise by calling us today.
Real Estate
Understanding the Real estate market, having knowledge of the neighborhoods, and experience in the local Rental pricing are key factors in Property management.
Although there are many web-sites that can guide you through this, there is no substitute for feet on the ground. Our owner is a licensed Realtor that has extensive local knowledge.
Where to buy?
The 3 most important factors in establishing real estate value are:
Location, Location, Location!!!
Purchasing in the right area is the pivotal factor. A great price on a good looking 3 unit might be tempting ...but what is top the rental price you can get in that area? Is it worth improving ? Can the improvements be reconciled with a higher rent ?
We can guide you though this process. We supply you with comparative market analysis on properties (CMA), so you can see what the market value is. Higher value homes produce higher rent. But where are these properties? Because we have the local knowledge we can guide you.
Determining rental price
Similar to determining a sale/purchase price we look at what the market will bear, what is the current trend, and what is the current local price.
Amenities, proximity to main roads and school district are also major factors.
Keep it or Sell it ?
Once you have your Investment property the next question is how long should I keep it ? There are several schools of thought on this .
- Keep it as long as it is profitable: If the property still has enough positive cash flow keep it.
- Once a positive cash flow is reached and maintained sell it. Properties with a positive cash flow/ rental history sell quickly.
Obviously there is no one size fits all for investment properties. Your property is unique. We can help you come to a good decision based on the facts, local market trends and whats best for your situation.