Tips for Managing Real Estate Investment Properties
If you’re in the real estate investing business, you probably have tenants. You also need to stay on top of the maintenance and upkeep of your properties. Keyspire’s founders Michael Sarracini and Scott McGillivray own and run multiple income properties, and through their real estate investing courses, can help you with tips on managing all aspects of them. Learn more below.
Tenant Management
You’ll want to keep good tenants happy and satisfied so that they stay. When you have high tenant turnover, it creates more work on your end and can cost you money. This means attending to their maintenance needs promptly, being adept at handling complaints and always adding value first. Additionally, being a good landlord can help to attract tenants and can lead to increased rental income.
Property Management & Upkeep
Like all buildings, they will wear and tear, especially if they are for high-use purposes. Keeping your properties well-maintained can be a constant focus. You can either hire a great property management company or have a plan in place to ensure your properties look their best always through regularly scheduled maintenance.
Financial Management
Managing the finances of your real estate investment properties should be a top priority. After all, the goal is to make a profit through The 4 Ways to Win. Staying on top of accounting is important, too, as this will make your tax filing easy and ensure you get the proper write-offs.
Stay Organized
The more rental properties you have, the more important it is to stay organized. Saving all of your receipts and property requests, as well as keeping tenant applications and showings organized, will be crucial in order to ensure your properties continue to earn a profit for you.
LET KEYSPIRE HELP WITH ALL YOUR REAL ESTATE INVESTING NEEDS TODAY
Our top-rated real estate investing courses will help you thrive in the real estate industry today. With our team of experts, proven track record, and our roadmap to success, you’ll be able to hit the ground running with your real estate investments, too. Sign up for our free Masterclass today!
Sign Up Today
Recent Blogs
Be Your Own Bird Dog
Bird Dog Techniques: Marketing – We Buy Houses for CASH Auto dialers Mailing circulars Public databases (MLS, Divorces, Deaths etc.) Cross reference with pertinent information Layoffs in a community Dropping values in recent tax assessments – underwater mortgages Watch for signs: Builder, Private, Vacant lots, Vacant houses A bird dog will have a network of investors…
Should You Flip Real Estate?
If you’re considering flipping real estate, there’s a lot to know, and what you’ve seen on TV about flipping homes only tells half the story. Here at Keyspire, we offer real estate investment courses to teach people how to make smart decisions about real estate investing. Learn more about making a decision to flip real…
What You Need When Applying for Financing
Being prepared before meeting with your Mortgage Broker or Lender to complete a financing application can make the process more efficient and less stressful. Use this document as a guide to begin preparing your personal documents for your financing application. Note: This checklist is a general guide only. Each party applying on the financing application…
How To Understand Real Estate Market Signs
Just like any other market, the real estate market has its own set of signs that can help you understand what is happening, so you can make wise decisions with regards to residential and commercial real estate investing. Learn how to understand real estate market signs below. SIGN UP FOR OUR MASTERCLASS TODAY…