E57: Never Lose An Employee Again with Joey Coleman
Joey Coleman, Author of “Never Lose a Customer Again,” is [...]
What Rental Property ROI Should Owners Expect For 2023 Into 2024?
Published July 28, 2022. Updated August 17, 2023. As we pass the midway mark in 2023 and look ahead to 2024, property investors may be thinking about their return on investment (ROI) and what they can expect for the remainder of the year into next year. However, with the many twists and turns that the economic landscape has taken, it's helpful to reassess where you stand. Our experienced rental property management team is here to provide insight into what you can expect for your rental property as we close out this year and look ahead to the next. We can help you evaluate your ROI to ensure you stay on track for this year and beyond. So, what should you expect? Here are our expert insights!
What Is Landlord Insurance? Do Delaware County Owners Need It?
Having insurance is a very important way to protect your property. Most people think about insuring their primary home, and renters often get insurance to protect their belongings. However, if you have investment properties in the Delaware County area, neither one of those policies will work for the protection of those homes or apartments. Instead, property owners need landlord insurance coverage. These kinds of policies are designed to protect properties operated as rental homes. They have different coverage limits and options and may also be priced differently from standard homeowner's coverage. Even if this type of policy is more expensive, or you're not sure whether it offers you the right coverage, you don't want to risk renting out a property that isn't fully insured. Here's what you need to know about the value of this coverage and who to work with to get the right limits and coverage amounts for your particular properties.
E56: Finding Fortunes in Self-Storage Investment with Sergio Altomare
Joining Rob Coldwell today is Sergio Altomare, co-founder and CEO [...]
E55: Your Opportunity To Join The Spiritual Transformation with Tim Davis
Tim Davis, is a Spiritual Transformational Coach and 30 year [...]
Why Shouldn’t I Manage Rent Collection and Properties Myself?
If you have a rental property, one of the first decisions you'll need to make is whether you want to manage it yourself or have a company handle it for you. While some investors are very hands-on with their properties, many of them decide to reach out to the best property management companies Delaware County offers and choose someone to manage their rentals for them. Is this the right idea? Should you hire a company to manage and maintain your rental properties instead of doing it on your own? Here are a few of the biggest reasons you shouldn't manage your own properties. Turning everything over to a property management company is the right choice to enjoy more revenue and create more peace of mind!
4 Reasons Why Owning Rental Properties in Philadelphia Is Worth It
Published September 15, 2022. Updated July 2023. With the past few years of general uncertainty about the economy, real estate market, and more, real investors may be a bit hesitant to jump on putting money into new ventures. People may wonder what the future holds between rising inflation and a fluctuating job market. As a result, businesses have many questions about how to proceed to be successful. Property investors are in the same position, wondering if they should continue to move forward with their investments as planned. What will the ROI look like through 2023 and into 2024? If you're questioning whether owning a rental property right now is worth it or not, you're not alone.
How to Calculate Rental Rate for Properties in Philadelphia
Renting out the property you bought for that purpose can sometimes be challenging, especially if you don't know what to charge for monthly rent. It makes sense to charge the market rate for your property or at least something very close to it. However, that rate might not be what you thought it would be when you made the purchase. Rental prices can fluctuate, and if you charge too much, you'll have difficulty getting someone to choose your property over another property listed at a lower rate. You also want to be careful about setting the price too low because you want the best for profit and cash flow from your property. The goal is to find the "sweet spot" in the rental price, where you attract quality tenants and cover the ongoing costs of owning the property, but you don't price yourself right out of the market and have potential tenants going elsewhere. So, how do you find that magic number? It doesn't have to be a guessing game when you understand how to calculate rental rates. Here's what you should consider.
E54: Expanding Your Real-Estate Portfolio with Bryan Driscoll of Motivated Leads
Bryan Driscoll of Motivated Leads joins Co-Host Rob Coldwell in [...]
E53: From Firefighter To Passive Income Powerhouse with Tim Lyons
Tim Lyons of Cityside Capital joins Co-Host Rob Coldwell to [...]
