5 Benefits of Professional Real Estate Photography

Real Estate Photography

Can you believe that the global real estate industry is worth over $3.8 trillion?

Owning property is one of the wisest things you can do for your finances. Once you’re ready to sell your property, you can hope to pocket a massive profit. Even though real estate is a safe investment, there are some mistakes you could make that lower the value of your property.

Have you ever wondered if it’s worth investing in professional real estate photography? Continue reading this article to break down the top five benefits you can enjoy when you hire a professional photographer.

1. Your Online Listing Will Pop

If you visit any of the most popular real estate listing websites, you’ll notice that there are hundreds of available homes in your area. You’ll need to make sure that your home stands apart from the other online listings or else it’ll stay on the market for a long time.

As people scroll through all of the options out there, they’ll feel compelled to stop and take a closer look at your post.

2. A Real Estate Photographer Finds the Best Angles and Light

Even a gorgeous mansion won’t seem as impressive if it’s shot on a low-quality camera in bad lighting. Professional real estate photographers have access to the finest tools, and they have the experience to capture your property in the most flattering ways possible.

If you try to snap these photos yourself, then you’ll have a hard time showcasing your home’s nicest features.

3. Your Home Will Sell Much Faster

There’s nothing more frustrating than playing the waiting game when you’re ready to cash out and move on to a new chapter in life. Buyers who don’t have access to enticing property photos won’t invest more time and energy in house tours or making offers.

If you don’t want to wait for months to sell your home, then you can do yourself a huge favor by hiring a professional photographer.

4. Great Photography Skills Make Your Property Seem More Valuable

When people are in a good mood, they’re more open-minded about spending money. Presenting your home on a silver platter will allow you to ask for a higher price and negotiate the best deal possible.

Buyers will see the potential in your home.

5. Only Interested Buyers Will Tour Your Home

A talented real estate photographer will make viewers feel like they’re already inside the home. Since they’re able to form a reliable first impression, they can decide if they want to tour the home in person.

This can save you lots of effort since you’ll only need to accommodate people who are extremely interested in buying your home.

It’s Always Worth Investing in Professional Real Estate Photography

As you can see, professional real estate photography is a real game changer. You won’t regret investing once you reap these benefits.

Selling property doesn’t need to be tough. Contact us to learn more about our incredible services.

7 Things Every New Property Manager Should Know

property manager

Did you know that the average sale price of a home in the United States was approximately $500,000 during the first quarter of 2022? This doesn’t have to be a negative thing, though. Many people have found rising home prices to be great investment opportunities. Looking to get into property management? If so, here are seven important things you should know before getting started as a property manager.

1. Understand Local Landlord-Tenant Laws

It’s essential for property managers to understand the laws in their state or municipality regarding tenant rights and responsibilities, fair housing regulations, security deposits, rent increases, and evictions.

Thoroughly understanding these laws can save you time, money, and legal headaches down the road. So, don’t overlook this.

2. Get to Know the Fair Housing Act

The Fair Housing Act prohibits discrimination against tenants based on race, color, national origin, religion, sex, familial status (including children under 18), and disability.

It’s critical for those who own a rental property to understand and abide by the regulations set forth in this important federal law. Failure to do so comes with a large number of consequences, such as legal complications.

3. Be Familiar With Tenant Screening Protocols

Property managers need to be aware of how to properly screen tenants, including running background checks, checking references, and verifying employment status.

The screening process should adhere to local laws regarding applicable fees, criteria, and guidelines. This will allow you to avoid renting to dangerous individuals. The same can be said about renting to those who are not likely to pay rent on time.

4. Know How to Handle Maintenance Requests

Property managers need to be able to respond promptly and effectively to tenant maintenance requests. They should also have a plan in place for handling emergency repairs after hours.

If you are negligent when it comes to this responsibility, your tenants may even take legal action.

5. Stay Organized With the Right Software

From tracking tenant payments to scheduling regular inspections and generating reports, property managers need to stay organized in order to ensure the smooth running of their business.

Utilizing the right software can help make this process much easier and more efficient. This efficiency can go a long way toward minimizing stress.

6. Work With a Professional

It’s always a good idea to work with a professional who has experience and expertise in property management.

A knowledgeable advisor can help you understand the legal nuances of being a landlord, as well as provide valuable guidance on setting up your business for success.

It’s also worth noting you should always work with a professional when looking to find the home right for you.

7. Have a Contingency Plan

No matter how well you plan, unexpected problems and issues can arise. Have a contingency plan in place to help manage potential risks, such as tenant default or damage to the property.

It’s also important to have an emergency fund set aside for any unexpected expenses. Otherwise, you may find yourself unable to handle problems that arise.

Becoming a Property Manager Doesn’t Have to Be Overwhelming

Initially, deciding to become a property manager may seem daunting. The good news is that the guide above has everything you need to know to make the process simple.

Looking for more information about what we can do? Reach out to us today to see how we can help.

4 Things You Should Know About Investing in Real Estate

Investing in Real Estate

Rental property owners often manage their properties. In fact, 42.3% of rental property owners manage their properties themselves. The rest hire property management firms. The nice part is you have the option of doing it yourself or hiring it out. However, there are other ways to invest in real estate besides owning rental properties. Therefore, investing in real estate also has options.

You should learn about these options if you’re considering investing in real estate.

So keep reading to learn four vital things about real estate investing.

1. Rental Properties Offer Long-Term Revenues

Investing in rental properties is the most common form of real estate investing. It’s also a smart way to invest your money, and you can reap benefits from it.

You’ll be responsible for finding and managing tenants when investing in rental properties. Additionally, you’ll have to handle the maintenance and repairs.

The benefit is that your tenants pay rent, and the rent money should cover all your expenses. So you’ll earn a big profit when you pay off your property mortgages.

You’ll also have tangible assets to sell if you no longer want to be a landlord. 

2. Flipping Properties Offer Fast Profits

An alternative to purchasing rental properties is flipping real estate. Flipping is a process that involves the following steps:

  • Purchase a property that needs some work
  • Perform the work it needs
  • Sell for a profit

The goal is to complete the steps quickly and turn a profit. Then, you can use this money to invest in more real estate projects. 

Choosing the right properties is a vital step in successful home flips. 

3. Location Is Critical

A property’s location is critical regardless of how you plan to make money from it.

For example, if you want to flip a home, you must choose a house in a favorable location. If you don’t, no one will buy the house, causing you to lose money.

The same is true for a property investment you rent to tenants. You’ll find higher-quality tenants in safe communities. As a result, you’ll generate more rental income from properties in great locations. 

4. Property Management Services Are Vital

Every rental property owner should consider hiring a property management company for assistance. 

First, managing rental properties is time-consuming. If you don’t have enough time to manage the properties, you might skip duties. Skipping duties leads to problems with the properties.

Secondly, when you invest in real estate, you’ll need to know how to manage the properties. Property managers do this for a living. They know the ins and outs of the business, which can help you have a more successful company.

Keep These Facts in Mind When Investing in Real Estate 

Are you interested in investing in real estate? Real estate investments offer many perks and benefits, but managing properties is a tough job. As a result, you should consider hiring a property manager for help.

Contact us if you have questions or would like more information about our property management services. 

Top 5 Factors to Consider When Choosing Property Management Services

choosing property management services

You saved up for years and years, and now you finally have the keys to your investment property. That’s no simple feat!

And for this reason, choosing property management services is a big deal. You want your investment properly cared for, so you need to find a company that will take the job seriously.

Keep reading for five tips when it comes to selecting the best property management service. 

1. Services Offered

While you may only have one service in mind that you currently need, it’s always possible that you’ll desire another related service in the future. And you don’t want to have to worry about finding a new property management service when you could choose one from the beginning that has it all!

Find out which services each company offers, from tenant screening and marketing properties to collecting rent and maintaining properties. Oftentimes, their available services will be listed on their website. But if you’re unable to find a complete list, contact the property management service to find out. 

2. Licensing

This is one of the most important aspects to consider when sifting through property manager options. 

The majority of states require some type of licensing to be a property management service. Most companies will display this information on their website, but if you’re not sure whether you’re looking at a licensed property management service or not, it’s always best to ask. 

3. Company Reviews

These days it’s easy to find reviews about companies online, and they’re a useful resource in discovering the pros and cons of each of your options. 

Read through reviews from past clients that are posted, or even ask the company for references so you can get a better idea of what working with them would be like. 

Just remember, when reading online reviews, look for the overall tone and don’t get bogged down by one or two specific reviews. 

4. Property Management Experience

If the property management service doesn’t have much experience, it’s much more likely that negative situations may arise or you may be unhappy with their service. 

Find out how long the company has been in business, what they specialize in, and whether they’ve worked with many other properties like your own. You want someone who has lots of experience under their belt so you don’t risk losing money. 

5. Pricing and Fees

It’s common to choose a service based on pricing alone, but just because a service offers the lowest pricing doesn’t mean they’re a good choice.

When it comes to pricing and fees, the more research you do, the better. Check out different websites to start comparing property management fees, requesting a quote from each one if their prices aren’t listed. Then you can compare each of these prices, taking into consideration what comes with each fee (such as services that are offered). 

Choose a company that has reasonable pricing, but that will also give you the best service possible. 

Choosing Property Management Services Doesn’t Have to Be Complicated

There are lots of options out there for choosing property management services, but they won’t all offer you the same experience. By doing your research and comparing each company, you’ll find the one that’s just right for you. 

Check out the rest of our site for more helpful property information, or even start your journey to finding the perfect real estate agent

5 Reasons Why It’s Smart to Invest in Properties

invest in properties

You hear a lot about today’s “hot investments” all over the news. However, most millionaires still agree that real estate is the best investment around today.

Well, when you know the facts, it’s easy to see why. Let’s talk about some of the best reasons to invest in properties this year!

1. Real Estate Is Tangible

Investing in stocks or crypto is popular, but you have little to no control over how the entity is handled. With real estate, you have a tangible asset that you can do whatever you want with, for only 15% to 20% down! There’s no other investment that allows this level of control for such a small barrier to entry.

2. Real Estate Offers Options

There are so many ways to make money with real estate. Long-term rentals, short-term rentals, flipping houses, and different strategies like BRRRR are all popular ways to earn money from real estate investments. If one strategy doesn’t work out, you can always try another!

3. Increasing Resale Value Over Time

While you continue writing off depreciation on your taxes, the true value of your home doesn’t have to depreciate at all. While you rent out the property and earn checks from it every month, you still have the property to resell whenever you choose. This means that even if you make 100% of your investment back after 10 years, you can still resell the property, potentially for a profit!

Small things add up. Minor renovations done over time don’t have to cost much, but they can certainly increase the resale value substantially.

To see how much you can earn from your rental property and how much it can resell for, use a rental property calculator to see the potential of properties in your area.

4. Properties Offer Stability

We all know that real estate bubbles pop from time to time. However, everybody needs somewhere to live. As long as you have insurance and you’ve chosen the right property, you should have no trouble finding tenants, even during uncertain economic times.

5. You Can Generate Passive Income

Investing in real estate is a great way to earn passive income. If you are a landlord, you can quickly earn semi-passive income, as you will still have to perform a lot of the work. However, with the help of a property manager, you can easily earn passive income while living anywhere.

Still, you have to find the right property for this to work out in your favor, as property managers will take a small portion of your rental income. With the right investment real estate agent, this shouldn’t be a problem!

Invest in Properties Today

Now that you know some key reasons to invest in properties, why wait? You can get started with only a small down payment and control the investment however you want for maximum profits.

Stay up to date with our latest real estate tips, and don’t hesitate to contact us with any questions or for help with your strategy!