According to the latest from the U.S. Census Bureau, renters comprise about 35% of all households. That’s a pretty healthy portion of the nation’s population — and a pretty encouraging market-share statistic for investors considering Warner Robins properties capable of generating income to build long-term wealth.
Some business truisms point to sound reasons for that decision:
A Middle Ga income property should let you be in control of your investment — not become a time slave to it. Some properties seem to want to be tough bosses themselves — with needs to be addressed on an unpredictable timetable. By employing a company specializing in Full Service property management, you divert the 2 a.m. phone calls and headaches to them. Sleep tight!
As with any business enterprise, identifying and limiting risk is smart planning. A management company will help you work through Fair Housing obligations as well as the legal requirements you need to address. Even small mistakes in this department can cost, so prudently and professionally limiting liability is just good business.
Naturally, the major offsetting factor is cost. At somewhere in the neighborhood of 10% of rental income, plus 1/2 months rent to procure a tenant, it is definitely an issue. Yet some veteran investors find that professional property management actually saves money in the long term. A reputable Warner Robins property management company may be able to spot ways to reduce operating costs and maximize rental amounts, as well as shorten costly downtimes between tenants.
If you are looking to purchase an income property in the Middle Ga area, it’s important to assess all aspects of the investment — and property management is one that’s well worth investigating. I’m happy to offer my services in sales and Property Management.
Joe Barbee
Associate Broker/Property Manager
Elite Realtors of Georgia
478-978-3428
TheBarbeeTeam@gmail.com
No comments:
Post a Comment