To Invest or Not To Invest
By: Miranda Moody
Summertime is here and the need for vacations is at a high, but how can someone else’s need for a vacation benefit you? Becoming an investor in real estate and vacation rentals is a new and exciting opportunity.
As a new player in the real estate investor game, and even as a seasoned professional, there are some questions everyone should ask when starting on a new investment adventure. Some questions include:
Q: What is the best real estate investment strategy for me?
A: There are many investment options when it comes to real estate investments. Being one of the most common beginner real estate investment questions does not stop the answer from being confusing.
Depending on how much time and money you want to put in, DesignedVR can help you find the property right for you.
Q: How do I find a profitable investment property?
A: To find a profitable investment property, there are a few things that you need to look into, such as the city, neighborhood, and investment property.
To successfully find a property to invest in you need to know how to find investment properties. DesignedVR has an entire team dedicated to finding the perfect property for you to put your money into.
Q: Do I need a real estate agent when buying a property?
A: Where you can purchase an investment property by yourself, it is highly recommended that you use a real estate agent – especially when you are new to the processes. Having and using a real estate agent will reduce your stress, as well as make sure that you comply with all the requirements.
DesignedVR has an intricate real estate agent network where we can find the home that is most profitable for you.
Q: How will I determine the rent to charge for my property?
A: Determining the rent price of your investment property is one of the most important questions to answer as an investor. It not only tells you how long it will take to make back your money, but how much your investment will continue to grow.
DesignedVR has a full 360° management, handling everything from finding you a profitable property to pricing and renting out the property (as well as everything in-between).
Q: Who pays the utility bills?
A: Unless otherwise specified, paying the utility bills is usually the responsibility of the homeowner.
DesignedVR’s 360° management includes paying property bills with funds provided by investors.
Q: What if the tenant causes damage to my property?
A: Arguably, the most common worry for an owner of a rental property is: what if a tenant causes property damage? Property damage can range from soiled sheets, clogged pipes, damaged furniture, etc.
DesignedVR’s 360° management includes: collecting a security deposit from tenants at the time of check-in, to dealing with property damage after check-out.
Q: Should I make any improvements before renting it out?
A: The return on investment has the potential to be higher when the property being rented has been renovated and cleaned. Rental properties that are clean and have modern appliances have the opportunity to be rented quicker and at a higher rate.
DesignedVR has an entire team dedicated to interior design. Their job is to modernize each property, creating a comfortable and luxurious atmosphere.
Q: Should I hire professional property management?
A: Owning and maintaining a vacation rental can be very time-consuming and tedious. Some things that need to be done as a “property manager” are: Finding tenants, maintenance and repair work, tenant issues, and more.
DesignedVR’s 360° management style includes an entire department dedicated to property management.
DesignedVR is the full-service, well-rounded company that you want to manage your investment.
For more information contact us by clicking this link and scrolling to the bottom on the page: https://www.designedvr.com/our-management