Viewpoint Document: Avoid these 7 Common Mistakes Made When Managing Residential Investment Properties
Over the decades, residential investment real estate has proven to be one of the best and most stable asset classes available. It provides income, capital appreciation and potentially significant tax benefits. Additionally, it’s a hard asset, so it maintains value in down markets.
Despite the opportunity, many owners and investors experience poor returns and the additional stress of managing such an asset. Whether you own one property, 3, 7 or 17, there are vital decisions, approaches and disciplines that are crucial to maximize your return and minimize disruptions.
Many owners of investment real estate make the mistake of running their rental properties like a hobby or side business, and not as a real business. They let their emotions guide too much of their decision making, preventing them from making objective financial decisions that allow them to maximize their bottom line.
In this paper, we share 7 of the most common and damaging mistakes made by owners of residential investment properties. Avoid these mistakes, and you’ll be one of the best.
Simply Fill out the Form to Get Your Copy!