Real Estate Investment Opportunities
If you are considering real estate investments, you have a variety of options. In order to choose the best type of investment for you, check out the four most common types of investment opportunities:
Investing in a rental property is one of the most common ways to invest in real estate. You purchase a property such as a home, apartment or condo complex and you secure qualified renters. This is a great way to have a steady cash flow each month. There are also various tax benefits and capital appreciation that can go along with rental properties. You may have to look long and hard to find a property that suits your specific needs, that is also at a good price. The main thing to consider is that monthly expenses such as regular maintenance and repairs should not exceed the rental income.
If your costs exceed your income you will be in jeopardy of a financial loss. It’s also important to keep in mind that owning rental properties can be time consuming of any type of real estate investment. This is, if you choose to do it without a property manager. You will have to be the one to solve issues as they come up and deal with finding renters.
How We Fit In
Tampa Bay Realty & Investment Group can help minimize your investment in time and management. We have experts in place for all aspects of property management. This includes fully screening your potential tenant’s background and credit, performing full and detailed property inspections both before and after each tenant’s move in and move out. It’s done in order to document the property condition to ensure that your investments are protected. TBRAIG collects the up-front fees and rents from tenants each month.
We have the ability to collect and pay owners online. There are no trips to the bank and your money is seamlessly deposited into your account by us. Property owners will also receive an email of your monthly accounting statements. They are set up with an online portal to review all accounting in real time.
Check out our additional property management services on our website.
Short Term Home Rentals
Renting your own home or property is quickly becoming a popular business. Depending on where you live, you could rent your home out to travelers, and short-term renters. You could even rent part of your home if suited. If you are renting your own property you will need to make arrangements to have it be ready for renters. You also need to provide regular maintenance and have a plan in place to solve issues quickly, if needed.
Real Estate Investments Group
A great way to begin the process of real estate investment without diving in to the deep end is with a real estate investment group. Your money will be combined with other investors to purchase an investment property together. This is beneficial because you will have partial ownership of the property, but not have as many responsibilities. And, also not have to put down as much cash. The responsibilities will be shared with the entire group. You will also be able to learn about real estate investment in this way should you ever decide to branch out on your own. Also keep in mind, that going into business with a variety of people could become problematic if everybody does not do their part.
Real Estate Investment Trust REIT
Another possibility, if you do not want the full burden of being a sole owner of an investment property, is an REIT. This real estate investment trust company finances or owns a variety of real estate investments that produce income. You can become a shareholder in an REIT. You will have similar benefits to owning the real estate directly. Keep in mind that at least 90% of the REITs taxable income will be paid annually to all of its shareholders. The investment return on a REIT is generally higher which makes this a good investment opportunity.
If you have the finances, time and the desire for real estate investments, it is a great way to add to your portfolio and also create additional monthly income. For all of your investment property needs contact the experts at Tampa Bay Realty and Investment Group. Our experienced professionals will be able to guide you to the right opportunity.