Protect Your Real Estate Investment by Finding a Property Management Company to Assist You
Many people within the United States choose to invest in residential real estate, which includes single-family homes. While these individuals may also have other types of investments, they have realized the value of owning and renting out residential properties. it’s interesting to note that three percent of Americans consider themselves to fall within this category of investors. These same investors also indicated that they were planning to purchase additional investment properties over the course of the next year.
Opportunities for Real Estate Investors
A survey conducted by Better Homes and Gardens Real Estate revealed some interesting information about real estate investors. The results showed that 94% of the individuals currently engaged in these types of investment opportunities are searching for future ones as well. While some investors may search for investment opportunities on their own, roughly 30% of the Better Homes and Gardens Real Estate’s survey participants implied that they would benefit from professional guidance. Furthermore, these respondents would be more inclined to invest when they received guidance from a real estate investment professional.
Some Recent Data for Real Estate Investors
While some real estate investors may own a single investment property, there are slightly more than ten million that own more than one investment property. This is not surprising when considering that 27% of Americans believe this is a sound type of investment.
In 2016, for example, the homeownership rate within the United States was roughly 63.7%. While prices for new homes did vary at that time, the average price was about $372,500. During the following year, 63% of people within the country believed that it would be a good year to purchase their first home. There are, of course, a variety of factors that affected this perception. This may include a combination of market rates and new-home constructions.
Finding a Property Management Company
If you’re planning to, or have already invested in a housing start or an existing single-family house, there’s an excellent chance that you’re searching for property management services. Finding a property management company may appear to be challenging at first; however, finding someone to manage your rental home is actually a simple process.
Once you locate a residential property management firm in your area, you will be able to discuss this process in detail. Whether you reside in the same area where your investment property is located, or in another location entirely, finding a property management company to assist you in maintaining your investment is an excellent idea. Your property manager will be able to provide you with a variety of valuable services, which includes screening for the best possible tenants for your rental property.