How To Manage Investment Property While Working Full-Time
04
Apr
By Kyle Muth
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Real Estate Investments,

How To Manage Investment Property While Working Full-Time

Most independent rental property owners in the U.S. reportedly work another job on top of being a landlord. That means the overwhelming majority of landlords are attempting to juggle more than they can handle at times. However, there are organizational and strategic concepts that can maximize efficiency and profitability. Consider the following tips that bring property management tasks under three basic headings: organization, automation, and outsourcing. Organization Matters One of the things that tends to overwhelm landlords is thinking about the rental properties as an extension of home ownership. The rental seems like it involves many of the same tasks…
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Real Estate Remains A Strong Wealth Management Investment
28
Mar
By Kyle Muth
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Real Estate Investments, ,

Real Estate Remains A Strong Wealth Management Investment

A young long-haul truck driver once took an elder's advice and invested all of his money into real estate. Even though he was seldom at home to enjoy the fruits of his labor, he hired a property management company to handle the properties. The advice that stuck with the driver was simple. "They're not making any more of it, land that is." In terms of growing personal wealth, the real estate market may fluctuate, interest rates change, and the GDP can bounce like a ball. But the land is permanent. That may seem like a simplistic view of wealth management.…
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Maximizing Returns: Hiring a Property Manager vs. Self-Management
09
Dec
By Kyle Muth
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Investing, ,

Maximizing Returns: Hiring a Property Manager vs. Self-Management

Investing in real estate offers incredible potential for wealth creation, but it also demands strategic decision-making, especially regarding property management. As an investor, one crucial choice you’ll face is whether to self-manage your properties or hire a professional property manager. Both avenues have their distinct advantages and disadvantages, and finding the right fit largely depends on your goals, availability, and expertise. Pros of Self-Management: Cost Efficiency: One of the most appealing aspects of self-management is the potential to save on management fees. By taking the reins, you directly control costs and can potentially maximize your ROI. Hands-On Experience: Managing your…
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Choosing the Right Location for Real Estate Investment
07
Dec
By Kyle Muth
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Blog, Investing, ,

Choosing the Right Location for Real Estate Investment

Selecting the perfect location for a real estate investment is crucial. Whether it's residential or commercial, the location significantly impacts the property's value and potential returns. Here's a breakdown to guide your readers: Research is Key Before diving in, extensive research is a must. Consider these factors: Property Value Trends: Look into the property value trends in the area. Is it appreciating or depreciating? Economic Growth: Is the area experiencing growth in industries and job opportunities? Rental Demand: Check if there's a demand for rentals. A strong rental market can be a great sign for investors. Neighborhood Analysis Infrastructure: Access…
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Understanding Real Estate Market Cycles – When to Buy and Sell
21
Nov
By Kyle Muth
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Real Estate Investments, ,

Understanding Real Estate Market Cycles – When to Buy and Sell

Real estate is a vigorous investment that often follows distinct market cycles. Like the stock market, the real estate market goes through phases of expansion, stagnation, recession, and recovery. Below, we will explore the various stages of the real estate market cycle and offer a better understanding of when to buy and sell property. Expansion Phase During the expansion phase, the real estate market is booming. Property prices rise, demand is high, and there's a sense of confidence among investors. This is an ideal time for sellers to list their properties, as they can fetch top dollar. However, for buyers,…
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How To Spot A Promising Investment Property
20
Feb
By Kyle Muth
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Real Estate Investments, ,

How To Spot A Promising Investment Property

Are you thinking about investing in real estate? There are plenty of properties available, but you need to do your homework. The real estate market is still very hot, and you don't want to spend money on a property that is not going to go up in value. How do you know if there is a promising investment property? Location Is Still The Most Important Factor When you purchased your primary residence, you were probably told that location is the most important factor. It is also the most important factor when looking for a rental property. Even though you might…
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When Should You Hire A Property Manager?
05
Jan
By Kyle Muth
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Real Estate Investments, ,

When Should You Hire A Property Manager?

If you are looking for a way to maximize the value of your real estate investment, you must make sure you have people renting your property regularly. Regardless of whether you have a vacation property or a property with long-term renters, you must make sure you keep the occupancy rate high. That is where a property manager can help you. Even though a property manager can handle a wide variety of issues, you will have to pay them. When is it smart to hire a property manager? You Own Many Properties One of the first reasons why you might want…
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