Many of our Landlords are adding additional properties to their portfolios. Spreading your investment real estate over more than one property can help balance losses and gains against each other. The pre-2007 goal of real estate ownership was profit ultimately through appreciation; the more properties you have, the more appreciation gain you receive when cashing out. Now, with the low value of real estate the goal is cash flow; defined as, what’s left after mortgage, taxes, insurance, and maintenance are paid. For the long term investor, appreciation is still a consideration but not really attainable in the very near or very far off future according to how things look right now.
If it is time to look for a new property to add to your portfolio, give Service Specialties a call. We know exactly what to look for in a rental property. Service Specialties is structured to assist the investor in purchasing, financing, and managing any real estate investment. If you decide to acquire a property that needs repairs or renovations, we are equipped to take those on as well! Our staff can handle renovation projects of almost any size and can make properties ready for rental quickly. After all, that’s our business!