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Home » 5 Real Concerns of Real Estate Investors

5 Real Concerns of Real Estate Investors

September 4, 2017 by admin Leave a Comment

Buying and investing in real estate is not for the faint of heart. But, that doesn’t mean you should shy away from it if this is one of the first times you’ve decided to purchase an investment property. It’s important to know all of the details, concerns, and risks involved before pulling the trigger. Because we help buyers more than sellers, we are very familiar with the ins and outs of real estate investing. We’ve talked to many different investors and these are the most concerning thoughts and issues that come along with the real estate game.5 Real Concerns of Real Estate Investors

#1. Buying the wrong property.

Of course, this is a concern. Not only do you have to worry about buying the right property but you have to estimate and predict how that property will give you the return you need over the next few years. It’s not just about the property but the location, the price, the neighborhood, taxes, and everything that is involved with buying a property. Look into future improvements for the area, the infrastructure, the location, the ease of conveniences, and a number of rental properties in that area currently. All of these can factor in when it comes to buying the right property.

#2. Local rental demand.

The last thing you want on an investment property is for it to sit vacant. You need that property filled and consistently taken care of. If there is a high number of properties available in the area, it’s a good indication that there may be an abundance of supply, which means that your rental property may not get rented out either. If there is a little amount of rental supply to the area, and most properties are either rented out or owned, it’s a good indication that it’s a good location for a rental property.

[Read More: Buying Advice from Real Home Buyers]

#3. Maintaining the property.

If you are buying a rental property in the same town in which you live, it’s fairly easy to maintain the property and keep it up-to-date. However, if you are buying a property outside of your location or even in another city or state, you may need to look into hiring a property manager. If that’s the case, you’ll need to factor in the cost of that property manager to make sure that you’re still making money on the property. You’ll need to maintain any issues that come along, appliance repair or replacement, landscaping and if you’re planning on paying for any of the utilities.

#4. Getting the wrong tenant.

If you’re using a property management company make sure that they are very familiar with their screening process and have a good reputation for getting great renters. If you are doing it yourself, this could be a crapshoot, especially if you’ve never done it before. However, bad tenants can still pop up so you want to ensure your property to cover any damage to the building and its contents and ask your insurance about any rental defaults or damaged by the tenants.

[Read More: What you should know about investing in beachfront property]

#5. Losing money.

The last thing you want is to lose money on a property that is supposed to earn you money. This is where having the right real estate agent that is familiar with the rental market in your city or location is imperative. Using the right agent, negotiating for the right deal and finding the right home all need to work together in order to have you earn money from your property instead of losing money.

There are many pockets of rental properties throughout Sunset Beach and surrounding communities that are ideal for rental properties and investors. Because we work with buyers on a daily basis we are very well-versed in finding the right property for your needs. By answering a few key questions we can help you find the right home in your budget and for your future needs.

Image adapted by Fitzrie B

Filed Under: Buyers Tagged With: investment properties, investment property, investor, real estate buyers, real estate investments

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“Life will lead you to where you belong. Five years ago life led me to meeting Karen Baker at an...
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“Life will lead you to where you belong. Five years ago life led me to meeting Karen Baker at an Open House. Our relationship continues as Karen and her husband Frank have been outstanding not only in helping my husband and I find the right retirement relocation home, but we have watched their commitment in helping many others find their homes. She and Frank treat every client as if they are the only ones that exist. They provide thorough research of areas and homes of interest and present you with the options. They are not your typical hard sell, must-buy-now realtors. They are here to help you find your next home?. You won’t go wrong with the Bakers!
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“The Bakers treated us like family during our whirlwind weekend of looking at houses. Prior to our on-site visit to Sunset Beach they created a portal and populated it with properties that met our ever-evolving criteria. By time we arrived we had a good feel for what we could afford and what was available that met our criteria. The Bakers, especially Karen, were able to make sense of what we thought we were looking for and eventually matched us with a house that we ended up purchasing — Karen called it the “This is it” house and she was right. We are loving our 2nd home and appreciate how painless Karen and Frank made the process. All the paperwork was done seamlessly and quickly and the closing went off without a hitch. The Bakers do not believe in the hard sell — they gave us the knowledge we needed and the guidance we needed to make our dream a reality.”
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Amy and I have bought and sold four properties in the past twelve years. Both of you are the best...
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Amy and I have bought and sold four properties in the past twelve years. Both of you are the best realtors we have ever dealt with. Amy and I both felt we could trust you to look out for our interest. The level of service you provided was outstanding, from taking the trash out, helping the buyer with inspecting the irrigation system, dealing with our tenants, always being there if we needed to ask a question, providing constant updates on the market and always keeping us informed on the sale of our house. I think your next venture should be training other realtors, because both of you have mastered the art of providing excellent service. I will be sure to recommend the Frank and Karen team to anybody looking for a trust worthy, knowledgeable and top performing realtor. It was a pleasure working with both of you.”
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“Karen & Frank Baker are the best. They are very knowledgeable with the area & showed us many homes. When...
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“Karen & Frank Baker are the best. They are very knowledgeable with the area & showed us many homes. When we made up our minds which one we wanted, they got us the best deal on it. We were very satisfided with them. After the purchased was made & we moved in, they were still there to answer any questions or problems that we might of had. Like I said, they are the BEST.”
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