Who manages your investment properties is important to your insurance company. One of the first questions any real estate investor should be able to answer is, “How am I going to manage my property(ies)?” The answer is important for many reasons. It’s also important to someone you may not have thought of: your insurance company. Some investors handle their own property management and others hire a third-party company. The important
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How to work with your property manager on an “asset management” approach that drives overall value Entrusting the management of your investment portfolio to a property management company should take only a little work on your part, especially if you are looking for traditional basic services. Traditionally, a property manager focuses on maintaining the property, managing the terms of the lease, handling tenant issues and collecting the rent. Most investors
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35-year veteran of the real estate investment industry shares insights ranging from his personal journey to the post COVID-19 real estate world Grant Cardone is a 35-year veteran of the real estate game. He’s the CEO of Cardone Enterprises and has $1.7 billion under management. Cardone has always been seen as a forward-thinking business operator. He is often called on by Fortune 500 companies and real estate leaders for his
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Auction.com gets excited about transparency, mobility and transactions. When Auction.com’s Steve Price, senior vice president of foreclosure auction services, and Ravi Singh, chief product and technology officer, get together in the same room—digital or otherwise—the energy feels surprisingly similar to that of a live auction. They spend their days dedicated to what they describe as “The Journey” Auction.com has been on since it launched in 2007. Price and Singh said
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Property managers may have local knowledge that can help you with your acquisition decisions. Many investors, especially new ones, are woefully unprepared for the road ahead of them once they purchase a property. And that’s almost always due to bad information. Where is this bad information coming from? Why are these investors taking bad advice over and over again? This bad information, more often than not, comes from out-of-area single-family
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Make sure you’re aware of all the resources available for property management. In an industry with an estimated 70% of investment property owners managing their own properties, and 36% of Americans living in rental properties, property management is here to stay. This industry, however, is not for the faint of heart. Although many resources are available for the DIY property manager, any investor considering the self-managed strategy needs to assess
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