Why It Is An Excellent Time to Be A Landlord And How To Capitalize In This Market โ Commercial Brokers International - Commercial Real Estate in Los Angeles
Why It Is An Excellent Time to Be A Landlord And How To Capitalize In This Market โ Commercial Brokers International - Commercial Real Estate in Los Angeles
Abstract
As we see the market starting to slow down on the residential side of things, people start looking for ways to increase their investment income in other areas of real estate. One of the first questions to ask yourself as a current owner, is, would you purchase your property right now and consider it a GREAT investment, and there are no other alternatives that might give a better return? If your answer is anything except, "Absolutely!", then it might be time to move on. Now if you are a current owner and you couldn't answer the above question with an absolute yes, it might be time to move on to your next investment. First, ask yourself how confident you are that you are currently netting the most on your investment property? Then, reach out to a broker to see how much similar investments are going for in your area and what their returns are. Chances are, you are going to be quite surprised! Lastly, start looking towards the future of your next investment. If your investments aren't quite there yet, you may want to hire a professional broker to help you evaluate your current investment and be on the lookout for others as well. If you are managing your own property, creating scale by owning multiple assets may bring your overall cost of ownership down, enough so that you can start using a professional property management company and really step your game up to the next level.