Looking for ways to generate passive income?
Become a rental property investor; we’ll show you how.
As I mention in my most recent Houston real estate trends blog post, 2017 is expected to be a great year for buyers and investors. Historically, Houston is known as one of the most consistent real estate markets in the region. And because of that stability and resilience, real estate experts are now referring to the area as a hotbed for investors. In fact, according to Fortune Builders, foreign investors, in particular, acknowledge Houston as one of the best places to invest for the foreseeable future, with Miami being the only US city to capture more interest. That said, if you’ve been waiting for the right time to get into the real estate investment business, 2017 should be a great year to get started.
While there are many ways to build wealth through real estate investing, rental income investment properties can provide multiple options for growing revenue. Some investment returns are yielding as much as 30 to 40 percent. The key is choosing the right rental property. and understanding the process of being a landlord.
A rental property is an investment established to generate passive income. However, as the investor, you are technically the homeowner. This makes you responsible for addressing tax increases, repairs, regular home improvement updates, and any other homeowner responsibilities. While being a homeowner comes with its challenges, the act of being a landlord can be by far the hardest part of investing in rental properties.
The good news is that there are tons of resources to help first-time investors enter the business and reap all the benefits through seamless stress-free approaches. In fact, my new property management business, McMgmt, LLC, offers a complete service package. It’s designed specifically for first-time rental investment property owner.
At McMgmt, LLC, we can help:
Assess the rental market and property value.
Through an all-inclusive consulting service, the McMgmt Team helps first-time investors stay competitive. We do this by choosing the best area and property for delivering the most value long-term.
Find and secure the perfect investment property.
The McMgmt Team is not an ordinary team of property managers. We’re award-winning real estate agents and brokers with more than twenty-years of combined years of experience. We have experience helping homebuyers find and secure the perfect Houston property.
Manage property and tenant relations from start to finish.
We are there from preparing the property to ensure it meets Texas Property Code, to managing all tenant activity. The McMgmt Team has you covered including finding, qualifying, and addressing needs throughout the lease term.
Owning a rental property can be the key to a great deal of profit and financial freedom. The key is getting in at the right time with the right team. If you’ve been dreaming of building wealth through real estate investing, don’t wait. Give us a call and we’ll show you how to make 2017 the year that you make your real estate investment dreams come true.