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Today and Friday's posts will share our thoughts on hiring a propertymanager for your rental property. On Friday, we'll discuss how to find the right propertymanager for you and your unique circumstances. Owning a rental home can be a welcome source of additional income.
The hard facts that properties do not maintain themselves; that good tenants do not pop up out of the blue; and that codes and ordinances require active compliance demand time and attention on the part of landlords -- or their designees. Does a PropertyManager Competently Screen Tenants? What law firms?
In Columbus, many commercial real estate owners are excited when asking the question, “What’s my commercial property worth?”. Consider this: According to Crain’s Chicago Business, Columbus saw the most substantial increase in total homevalue in the country. For first time buyers, hiring a propertymanager is recommended.
Investors are purchasing rental properties to add to their investment portfolios because interest rates are so low, and money is so cheap to borrow. In addition, rent prices are skyrocketing so the probability of making money on a rental investment property per month is high. You will be signing an agreement with your agent.
Along with savvy home buyers, real estate investors and propertymanagement companies are always on the lookout for these types of properties, driving up demand and price. The downside Once you begin renting a secondary unit, you are no longer just a homeowner - you are a landlord.
Hold a buyer strategy session Many homeowners feel stuck in their current home even though theyd love to upgrade to something bigger or sometimes something smaller. This is usually because they dont know their homesvalue and how to go about selling in order to tap that equity. Once you do, you just may have a client for life.
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