Found 2 blog entries tagged as property management.

 

There are many choices when it comes to selecting and hiring a property manager. With so many options, it can be difficult to know how to select the right one from the beginning. Below we will cover the four main responsibilities your property management company should offer.

 

The Four Responsibilities of a Property Manager

 

1. Set the Rent Logically

Setting rent may seem like a easy task, but is often times done incorrectly. Many of the do-it-yourself landlords look to Zillow or Craigslist when setting their rent, which is like going to a car dealership to price your 2000 Honda Accord based on the current year’s model; it is not accurate and won’t sell. These websites can be good resources, but when used alone will not give you all of the information you need. That is because it…

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Did you know that you can buy a duplex, triplex or fourplex with some of the most common residential mortgage loans available? You can purchase your first multi-family real estate investment, up to four units, with as little as 0% down with a VA loan, or 3.5% down with an FHA loan. Now, rates are changing every day -- and I’m a real estate agent and not a loan originator -- so, make sure to seek a loan originator out to get specifics.

I hear it every day, “Buy a fourplex and live for free!”

The idea behind it is that you can buy a fourplex, a four unit multi-family investment, have three tenants pay the mortgage and you can live in one for free. I've even heard people say that two units will pay the mortgage, one unit is profit and you…

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