Most property investors don't start with a significant real estate portfolio. Becoming a real estate "mogul" takes time and effort to grow a portfolio into a significant business. However, maybe you don't have your sights set that high—and that's okay!
The reality for many Coastal VA property investors starts on a much smaller scale. Property investors often start with just one property:
While there are plenty of serious, intentional, "big time" property investors out there, sometimes becoming a real estate investor "just happens!" There's no wrong reason to become a real estate investor—and there's plenty of help available to make sure you find success.
No matter how you find yourself with a rental property, financial success requires the right Coastal VA Property Management—and an understanding of what makes a rental home into a profitable property! There are plenty of reasons to choose rental properties and become an investor to build your long-term wealth. Here are a few!
No matter how weak or strong the housing market is, renting out your home and becoming a property investor can be a smart financial decision. Collecting monthly rental payments is the most obvious way to generate income from your rental, but that's not the only way to benefit from an investment property!
The thought of losing rental income if you can't find a renter can keep you from missing a valuable investment opportunity. However, rent is only the beginning! Too many weeks or months without a paying renter can indeed damage your income, but with the right Coastal VA Property Management, you won't deal with long gaps of time between residents.
Your property is so much more than a rent generator! The benefits of investment properties include:
Transforming your home into a rental often provides a better long-term wealth solution. With Renters Warehouse Hampton Roads, enjoying the many benefits of a rental property has never been easier. Our Rent Estate™ Advisors know how to manage your property to profitability—and you don't have to do any of the work!
The fear of not having a renter—or worse, dealing with a terrible resident—can discourage homeowners from becoming property investors. We get that! Renters are essential to a successful rental property business, but they can also be a tremendous headache without the right management approach.
You might be excited to learn that turning your home into a rental property or starting your portfolio with a new property doesn't require you to manage anything—not even the people living in your rental!
Renting out your home with us gains you automatic entry into the Renters Warehouse Hampton Roads Rent Estate™Club. That means the process of owning and renting one or more Coastal VA income properties for long-term cash-flow, equity, and tax benefits is a hands-free experience for property investors!
Consider it "cruise control" on your way to long-term financial success. Here's how it works:
Late rental payments are not an option because we commit to paying our property owners within days of collecting the rent. Even if we're missing a payment from a renter, you get paid.
Rental properties generate a lot of documentation. Even if it's all digitally filed, it takes a lot of permits, lease agreements, contracts, and rental payment paper trails to operate a legal investment property business.
With expert Coastal VA Property Management, you don' have to worry about any of it! Cutting corners with saving, securing, and processing critical documentation is not an option. Still, property investors don't need to spend time learning the rules or stacking file boxes in your garage. We keep track of everything regarding your property and renters, so you don't have to do it.
You've probably heard nightmare stories of late-night calls from a renter to report a plumbing disaster. Water is leaking everywhere, and a property owner has no choice but to get out of bed and take care of the problem before the house floods.
When you turn your property over to our Professional Landlords, you never have to take those calls or try to find an after-hours plumber to fix your property. We are available 24/7 to respond to emergency maintenance issues, and we have a team of vetted contractors ready to fix a problem that threatens to damage your property.
Keeping your property in excellent condition requires more than showing up to fix an emergency issue! Protecting your property includes routine maintenance and scheduled inspections to prevent emergencies and significant repairs.
Our Rent Estate™ team keeps a watchful eye on your property throughout every lease term. Our inspections and preventative maintenance practices include:
Renters don't want a property that isn't in excellent condition! We protect your Coastal Virginia property with excellent upkeep and monitoring resident behavior to make sure they also take good care of your property—but that's not the only way we protect your investments!
We protect your Coastal VA property from the inside, too. That requires choosing only the best quality renters to live in your rental.
Good residents pay the rent on time, don't damage your property, and fulfill the terms of the lease. Taking the time to carefully screen rental applicants and place the best renters helps protect your investment and income!
If deciding to become a property investor comes with some anxiety or fear of the unknown, that's normal! Most rental property owners learn how to manage their business and renters on the job—but you don't have to go that route. Renters Warehouse Hampton Roads makes it easy for new or seasoned investors to benefit from our expert Rent Estate™ services!
We take the worry out of building a successful Coastal VA real estate portfolio to grow your long-term income. With no upfront fees, no restrictive contracts, and our Certified Tenant Warranty, we ensure that our level of service meets your financial goals!
Let us help you build your financial future through real estate: get started with a Free Rental Price Analysis!