{"id":276,"date":"2021-06-29T09:49:57","date_gmt":"2021-06-29T17:49:57","guid":{"rendered":"https:\/\/property-mgmt.com\/blog\/?p=276"},"modified":"2021-06-29T09:49:59","modified_gmt":"2021-06-29T17:49:59","slug":"5-reasons-investors-are-successful-with-residential-rental-property","status":"publish","type":"post","link":"https:\/\/property-mgmt.com\/blog\/2021\/06\/29\/5-reasons-investors-are-successful-with-residential-rental-property\/","title":{"rendered":"5 Reasons Investors Are Successful With Residential Rental Property"},"content":{"rendered":"\n<p>There are many factors that contribute to having success with a residential rental property.\u00a0 As an example, it\u2019s important to have funds set aside in a separate bank account for anticipated repairs, or to have a list of reliable vendors available that can be called upon at a moments notice.\u00a0 However, there are five other reasons that just may be more critical.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"5 Rental Investor Success Attributes\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/1a5roZkv_4M?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>They Understand The Market<\/strong><br>They know exactly what the property will rent for.&nbsp; This will keep them from overpaying for a property.&nbsp; They have learned to purchase their property through a property manager who is going to tell them the truth about a property\u2019s rent potential. They have been burned in the past by sales agents that paint a glorious picture of profits, only to find out after their purchase that the property will rent for way less than they were told.<\/p>\n\n\n\n<p><strong>They Keep Expenses Low<\/strong><br>Investors understand that as properties age they are going to need more maintenance and repairs.\u00a0 Most experienced landlord\u2019s factor in replacing things like HVAC units, roofs, and water heaters.\u00a0 If you are buying an older building the chances are good that a lot of the infrastructure in the property is old as well.\u00a0 They have a long list of preferred vendors that can be called upon to keep the property in good repair and insure a steady flow of income.<\/p>\n\n\n\n<p><strong>They Control Vacancies<\/strong><br>Vacancies will absolutely kill what was a profitable investment and potentially turn it into a nightmare.\u00a0 No matter what the reason is, having a property sit vacant is about the <a>costliest<\/a> position you can be in.\u00a0 Many do-it-yourself owners that don\u2019t have access to reliable maintenance people find themselves having to do the work themselves.\u00a0 Usually that means sizeable delays as you work around your current schedule.\u00a0 It could be that they have lost touch with the current market and price themselves out of the market trying to recoup the money they just sunk into repairs.\u00a0 Possibly they are missing showing opportunities because their schedule doesn\u2019t allow them to be available when prospective tenants are interested in seeing the property.<\/p>\n\n\n\n<p><strong>They Keep Up With The Market<\/strong><br>A lot can change over the course of a few months, a year, or longer.\u00a0 Keeping up with the current market rental rates is critical when renewing a lease or rental agreement.\u00a0 This alone will make a huge difference in an owner\u2019s bottom line over time.<\/p>\n\n\n\n<p><strong>They Realize They Shouldn\u2019t Do It Themselves\u00a0<\/strong><br>They have a growth mindset and understand that in order to grow and expand their investment portfolio they can\u2019t do it alone.\u00a0 No investor takes on additional rental property with the idea of also taking on a 2<sup>nd<\/sup> or 3<sup>rd<\/sup> job managing it themselves.\u00a0 In the long run they find that it is less stressful and more cost effective to have a professional management company handling all of the day-to-day challenges that crop up.\u00a0 Their main focus is finding the best properties to acquire.<\/p>\n\n\n\n<p>If you\u2019re an investor that is looking to expand and grow your portfolio and need a qualified, experienced, 24\/7 property management company to support you in your financial goals, then you should consider the Atlas Group LC.\u00a0 Problem solving and helping investors thrive is what we do.\u00a0 Let\u2019s discuss your needs\u2026 there\u2019s no obligation, just give us a call (702) 916-2222<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Las Vegas Property Management Owner Advantages\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/DI189q8l1rQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are many factors that contribute to having success with a residential rental property.\u00a0 As an example, it\u2019s important to have funds set aside in a separate bank account for anticipated repairs, or to have a list of reliable vendors available that can be called upon at a moments notice.\u00a0 However, there are five other [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,4,1],"tags":[73,69,67,74,72],"class_list":["post-276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investors","category-landlord-tips","category-uncategorized","tag-evictions","tag-henderson-property-management","tag-las-vegas-property-management","tag-rental-repairs","tag-rentals"],"_links":{"self":[{"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/posts\/276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/comments?post=276"}],"version-history":[{"count":2,"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/posts\/276\/revisions"}],"predecessor-version":[{"id":279,"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/posts\/276\/revisions\/279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/media\/277"}],"wp:attachment":[{"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/media?parent=276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/categories?post=276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/property-mgmt.com\/blog\/wp-json\/wp\/v2\/tags?post=276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}