property management: Property Management as a Cost-Effective Alternative
- 04/20/13 10:35 PM
According to the latest from the U.S. Census Bureau, renters comprise about 35% of all households. That’s a pretty healthy portion of the nation’s population — and a pretty encouraging market-share statistic for investors considering Hagerstown properties capable of generating income to build long-term wealth. More than just an investment, the own-to-rent model is actually a simplified small business. It has a financing part, an accounting part, and (the time-consuming element): a management part. Effective management means dealing with labor (maintenance personnel), customers (the renters), and a Board of Directors (the ownership: in this case, you!). Not a surprise that many … (0 comments)
property management: Don't Let Your Hagerstown Rental Property Manage You
- 11/27/12 01:57 AM
According to the non-profit Demand Institute, this year nearly 35% of housing in the United States is now categorized as rental property. In Washington County as elsewhere, some of these properties belong to “accidental” landlords -- folks who had to relocate for professional or other reasons, but didn’t (or couldn’t) sell. Many others decided to buy investment properties when the prices of homes dropped so dramatically. One way or another, this fall a good many of our Hagerstown neighbors find themselves in the position of owning rental property for the first time. What all new and long-time Hagerstownlandlords have in common … (0 comments)
property management: Factoring Pro Managers into Hagerstown Property Investments
- 09/24/12 07:17 AM
Factoring Pro Managers intoHagerstown Property Investments The stage is set for those with investment dollars to spare: income properties -- including rentable Hagerstown vacation homes – are still being offered at discount prices. At this point, the fire sale psychology has been pretty well hosed down, but… Despite the evidence of an improving market, the recovery is from such a deep downturn that, stacked up beside historical levels, real bargains are still out there. Add in the fact that recent pronouncements from Washington indicate that a lid is firmly in place on those extremely attractive mortgage rates, and it’s clear why … (0 comments)
According to the latest from the U.S. Census Bureau, renters comprise about 35% of all households. That’s a pretty healthy portion of the nation’s population — and a pretty encouraging market-share statistic for investors considering Hagerstown properties capable of generating income to build long-term wealth. More than just an investment, the own-to-rent model is actually a simplified small business. It has a financing part, an accounting part, and (the time-consuming element): a management part. Effective management means dealing with labor (maintenance personnel), customers (the renters), and a Board of Directors (the ownership: in this case, you!). Not a surprise that many … (0 comments)
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