3 Major Mistakes to Avoid When Finding A Tenant For Your Rental Property
Whether you are looking to build a long-term retirement fund in real estate, or just trying to make some extra cash on the side, getting into the landlord business can be an extremely lucrative decision.Yet, this obviously comes with its set of major drawbacks as well, which we will cover in more detail below. For example, learning how to successfully market your properties, communicate with and screen tenants, and establish a healthy landlord/tenant relationship that ensures you make reasonable profit is a MUST.
Imagine 3 gears in a watch - each of the pieces needs to function well independently as well as in relationship to the others. Consequently, when one part fails to work effectively, the entire operation comes to a crashing halt.
From our experience, we have seen both seasoned and brand-new landlords make the following same 3 mistakes over and over again, which can lead to a lot of headaches, confusion, lost profits, and eventual burnout.
When they neglect to follow the right system, their real estate business very quickly turns into a full time responsibility. Of course, this goes against the typical dream of a real estate investor to build relatively passive investments, which allow them to have more freedom and time to do the things they really want .
So where do you find yourself with things? Are you currently “living it up” and enjoying the lifestyle that the landlord business can provide, or are you feeling stuck, lost, overwhelmed, and ready to quit?
Perhaps you have already decided that a little extra help on your properties could go a long way. If that’s the case, you will find details in your email about some of the property management services we provide at a reasonable fee.
But the good news is that by working with a team of competent and professional property managers, you will be able to step out of this demanding role in order to truly spend time on the things that matter to you.
By using our progressive and innovative approach, our team will help you to:
Market your property to the largest pool of prospects possible , so you’re able to find a tenant fast. Command the highest possible rental rates for each property. Eliminate the stress and hassle of management and make more profit in the long run.
To schedule a free assessment and to discuss all the options that are available to fill out the information below and our team of Professional Property Managers will be in touch.