The stage is set for those with
investment dollars to spare: income properties -- including rentable Utah vacation homes – are still being offered at discount prices.
At this point, the fire sale psychology has been pretty well hosed down, but…
Despite the evidence of an improving market, the recovery
is from such a deep downturn that, stacked up beside historical levels, real
bargains are still out there. Add in the fact that recent pronouncements from
Washington indicate that a lid is firmly in place on those extremely attractive
mortgage rates, and it’s clear why investors are likely to continue on course
to match or beat last year’s 7% growth in vacation home sales.
However, buying a second home as an
investment is just that: a business proposition. The cash in, cash out
projections may be simple to estimate, but experienced investors know that, as
with any business, realistic operating costs need to be factored in. Taking
some of the guesswork out of that can mean better risk management for that new
“business” – and one way to accomplish that is to consider using a professional property manager to look after
things.
The first reason is immediately obvious:
when it comes to renting out a vacation or other property, there are always
going to be emergency calls from the tenant. By using a property manager, you can ensure that you are not inconvenienced
by any 2 a.m. calls…and that all emergencies are handled professionally.
If you live far away from the property
or travel often, there is another plus: sheer logistics. Instead of being faced
with going to the property to meet new people staying there, mailing the keys,
or finding another way to turn over occupancy, a property manager can be there to welcome tenants and walk them
through. Let’s face it: when a living, breathing person is present and in
authority, tenants act more responsibly. How valuable is that? If peace of mind
is an issue, very!
There is another considerable value a
property manager can offer: marketing services. If you choose one with a
website that is already search engine optimized, that means far less work for
you. Increasing the number of people who see your rental cannot help but boost
the odds that you will see more income from your real estate investment.
Before you go ahead and choose an
investment property and property manager in Utah, do take the opportunity to consult with a real estate professional
to go over the current options. If you
choose me, I will do my best to help get more for your money and I have a great team of property management companies I can refer and know from personal experience will service my clients in protecting their investment property. Since the stage
is set, if you are ready to investigate, this could be the right time to
further your investment potential!
Written
By ShirLee McGarry, Realtor® and freelance Writer/Author at All American Realty in
Sandy, Utah.
Homes4SaleUT@gmail.com,
Website: www.Homes4SaleUtahRealEstate.com
Homes4SaleUT@gmail.com,
Website: www.Homes4SaleUtahRealEstate.com
Photo: fotosearch.com
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