article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

In the end, it can help you capture the perfect property with excellent ROI potential or it can save you from a drastic mistake. When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs.

Property 200
article thumbnail

Is Your Property Management Company Putting Your Investments at Risk?

BiggerPockets

You analyzed the deal, secured the financing, and handed the keys over to a professional property manager. You did the hard work. Now, you finally get to sit back, relax, […]

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Are REITs a Good Investment: Pros and Cons

Bay Property Management Group

REITs (Real Estate Investment Trusts) are companies that own, manage, or finance real estate across different sectors. If youve ever worked with a property management company in Northern Virginia , you know how valuable it is to have someone handle the hard stuff for youlike finding tenants, collecting rent, and taking care of repairs.

article thumbnail

Scaling Up: Transitioning from Single-Family to Multi-Family Rentals

Real Property Management Chicago

In many ways, how you look for, evaluate, and price the multi-family property you wish to buy will depend on its size. For instance, purchasing single-family homes is equivalent to financing multi-family properties with four or fewer units using residential mortgages. Are you ready to get started?

article thumbnail

Feeling Worn Out? Seven Signs It’s Time to Hire a Property Manager

RL Property Management

Every hour spent managing your property is an hour youre not spending on your career, with your family, or on other investments. A professional property manager can take these tasks off your plate completely. This is where professional property management becomes a growth catalyst.

article thumbnail

What are the Seven Most Important Qualities that Property Owners look for when it comes to Hiring a Property Managers?

Esquire Property Management Group

When it comes to guaranteeing tenant happiness and reducing turnover, property managers play a crucial role by doing the following tasks: Thoroughly screening tenants, which includes conducting background checks, verifying income, rental history, and criminal history is a paramount step for professional property managers.

article thumbnail

Best Property Management Books for Landlords: Top 9 Picks

Bay Property Management Group

If you’re looking for the best property management books around, we’re here to help. Our professional property managers have chosen our personal favorites for your viewing pleasure. Read below for some great recommendations on managing rental properties. Effectively, your bottom line could bleed dry.