Curt's Crusaders Raised $3,000 for the 2019 Walk to End Alzheimer's

Professional Real Estate Management is thrilled to announce that our sponsored team, Curt's Crusaders, has raised $3,000 for the 2019 Walk to End Alzheimer's. We walked in memory of Curtis Eugene Gibson Sr, or "Uncle Curt".

We want to give an extra special 'thank you' to all of our clients that took the time to donate to this important cause. In 2019 alone, an estimated 5.8 million Americans are living with Alzheimer's disease, and it's up to the world to put resources towards research and effective treatments for this devastating disease.

Thank you again to everyone who donated for the Walk to End Alzheimer's and we look forward to exceeding this achievement in 2020!

How to Find the Best Clearwater Property Management Company

Once you invest in a real estate property, you'll quickly realize how important it is to work with a local property management company. Quality property managers can offer a ton of benefits to you and make your life as a real estate investor infinitely easier. 

However, not all property management companies are created equal. It's important to do your due diligence when searching for a company to work with, so you can move forward knowing your rental property is in good hands. But how do you know which is the best property management company?

Keep reading for some tips to help you find the best property management companies in Clearwater, FL.

Ask Around

Do you have any friends or family in the Clearwater area that have invested in real estate? 

It's a great idea to ask for recommendations from your peers or to simply listen to their experiences. They can give you a first-hand account of what it's like to work with specific companies in the area. 

While it's not always best to base your decision solely on other's opinions, it can give you a nice jumping-off point in your search for the best property management company.

Look for Experience

Experience is essential in any field of work, but even more so in property management and investment services. This is because your property manager needs to have a deep understanding of the local market and real estate trends. With that knowledge, they will know the value of your rental property and be able to price it accordingly to get you the best ROI.

An experienced property manager has also had to deal with just about everything that could go wrong with a property or with tenants. This gives them the knowledge to be able to handle crisis situations much more efficiently than a brand new company with no experience.

Check Online Reviews

Did you know that 84 percent of people trust online reviews as much or more than personal recommendations?

Online reviews can give investors a better idea of what a company's strengths and weaknesses are. If a company has an average of one or two stars, it might be best to avoid that business.

When looking at a company's reviews, it's a good idea to jot down some of the negative stuff you read so you can talk to the company in person about those concerns. Sometimes, people leave bad reviews even when the company was not at fault. So if you feel good about a company and notice a couple of bad reviews, you should consult with them in person to see if it's a legitimate concern.

Set Up an Interview

Once you've narrowed down your search, it's time to meet with the property management company in person. After all, you are tasking them with caring for your investment property, so you need to make sure you're on the same page.

During the interview, make sure they go over their fee structure, the services they offer, and what sets them apart from other local companies. Also, be sure to voice any concerns or worries you may have so you can move forward feeling confident.

If you're unsure of what to ask during your meeting, check out this blog for some important questions to ask a property management company.

Go with Your Gut

After gathering all of the information you possibly can, it's time to make your decision. 

In the end, as with most decisions in life, it's best to go with your gut. Oftentimes, you will know which company aligns with your values and needs when you meet them in person. 

You will be working with this company for years to come, so it's important you feel good about the professional relationship and you know they can be counted on to do their best and take care of your properties.

Ready to Find the Best Property Management Companies in Clearwater?

With these tips, you'll be able to find the top property management companies in Clearwater, FL that'll make real estate investing and renting a complete breeze.

Here at Professional Real Estate Management and Investment Services Inc, we believe we check off all of those qualifications. With nearly 20 years of experience in the Clearwater area, we know the local real estate market more than anyone. 

If you're interested in learning more about or property management or investment services, please contact us today and we'll be happy to answer any questions you may have.

5 Tips for Buying Your First Investment Property

Investing in your first property can feel extremely overwhelming, especially if you don't have a lot of experience in real estate. There are several factors to consider, and making a poor decision along the way can cost you big time down the line.

But with the proper knowledge and planning in advance, you can rest assured that your investment will be worthwhile. 

Ready to take the plunge and buy your first investment property? Read these five tips to help you succeed.

1. Get Your Finances in Order

Buying an investment property is a major financial decision. Not only will you need to put up a hefty downpayment, but you'll be paying monthly expenses such as mortgage payments and property taxes.

If your finances are in shambles, adding another mortgage payment and spending a large chunk of money on the downpayment will only make things worse for you. You might find it even more difficult to keep up with your monthly bills.

That's why you need to get your finances in order before investing in a property. If you have debt that you're already struggling to pay off, it might be best to hold off on adding to that debt. By paying off your credit card debt and other loans first, you'll feel a lot more confident when investing in a property.

Also, make sure you have the money for a downpayment. If you don't have it, you can consider going in on the investment with someone else so you can split the downpayment. Otherwise, you'll have to hold off on purchasing an investment property until you have sufficient funding.

2. Find a Low-Cost, High-Value Property

This is the most important piece of advice for new investors. The value of your investment is determined by (a) how much you purchase the home for and (b) how much that home appreciates in value over time. 

If you don't hit both of those marks, your return on investment (ROI) won't be as high as you'd hoped.

For example, you might find a cheap home that really catches your eye because of the low price. You purchase the home but find that the value is not increasing because it's in a poor location or is a real fixer-upper. So, although you found an inexpensive home, the investment isn't paying off at all.

By finding a relatively low-cost home in an otherwise good area, you can really capitalize on your investment. Look for properties that are surrounded by quality retail stores, highly-rated schools, nice restaurants, and more businesses that'll attract people to the neighborhood.

It's important to work with a local real estate investment company that really understands the local market. They will be able to find you the best deals on homes that'll appreciate in value over time.

3. Beware of High Interest Rates

Oftentimes, interest rates will be higher for investment properties than if you were purchasing a home for yourself to live in. That's why it's especially important to be aware of these increased interest rates when considering your mortgage options.

A high interest rate really cuts into the value of your investment, and will greatly decrease the profits you make month-to-month. Take some extra time to look for the best mortgage lenders that will offer you lower interest rates--it'll really pay off in the end.

4. Calculate Monthly Expenses 

Beyond buying the investment property, you'll also have to consider monthly expenses. These expenses are unavoidable and will cut into your profit every month. It's important to determine these expenses before purchasing a property to give you a better idea of how much you'll be making in profit.

For example, you'll need to pay for property taxes, mortgage payments, maintenance, property inspections, tenant screenings (applications, background checks), and more. By having an estimate of what this will cost each month or each year, you'll be able to set a rent price that'll pay for those expenses and still earn you a profit.

5. Work with a Property Management Company

After purchasing an investment property, you'll want to hire a property management company to handle the day-to-day tasks. These tasks include finding quality tenants, performing home inspections, fixing any issues in the home, collecting rent, and handling any issues with current tenants. 

By working with a property management company, you'll collect passive income each month without having to deal with the daily tasks of being a landlord. Property management companies have local connections with electricians, plumbers, and handymen so you won't have to worry about tracking any down during a crisis. 

Buying an Investment Property Doesn't Need to Be Hard

There are a lot of things to consider when buying your first investment property, and it may seem a bit overwhelming to someone who hasn't done it before. But if you work with people who understand property investing and the local real estate market, you'll feel a lot more at ease.

That's what we at Professional Real Estate Management strive for; we want to make investing in real estate easy and achievable for all entrepreneurs. Contact us today to learn more about how we can help you invest in Clearwater properties.

4 Real Estate Investment Strategies to Grow Your Wealth

Investing in real estate is an exciting endeavor that can lead to significant financial growth. But not only are there different types of real estate properties you can invest in, but there are also a number of strategies you can use when investing.

It's important to know about the strengths and weaknesses of each strategy that you can pursue. From there, you'll be able to determine the best course of action depending on your investment and financial goals. 

Keep reading for the top four real estate investment strategies that you should consider in order to grow your wealth.

1. Buy and Hold

The buy and hold strategy is the most popular real estate investment opportunity because it offers both short-term and long-term value.

Buy and hold means you invest in a property (single-family home, raw land, condo, etc.) with the intention of holding it for the foreseeable future. The goal is to hold onto the property while its value appreciates over time so you can then sell it and get a large return on your initial investment.

This option also offers short-term value because, for example, if you buy a single-family home, you can rent it out to tenants while you're holding the property. Oftentimes, renting out the property will give the investor enough money to cover the monthly mortgage payments (if they have any) as well as some extra money to spend on fixing the place up and managing it.

This strategy is pretty much risk-free because the real estate market grows naturally over time due to inflation and growth of the economy. Even taking into account potential future housing market drops, a home's value will appreciate beyond that.

The only negative to the buy and hold strategy is if you want to rent out your home for short-term income, you'll need to deal with tenants and maintenance of the home, which can be time-consuming and stressful. That's why it's important to hire a property management company that can handle all of those duties without you having to lift a finger.

2. Fix and Flip

If you have money to spend on fixing up an old, worn-down house, the fix and flip strategy might be right for you.

This strategy involves finding a house that is run-down and in need of some serious TLC. But you shouldn't just find any old house. You want to find one that is in a good area with real estate properties in high-demand. If you find a house that is significantly less expensive than others in the area due to it's foundational or aesthetic issues, that would be a great option for a fix and flip investment.

This strategy is best for people who have the money to both purchase the home upfront, and fix it right away. Some houses require a ton of care in order to increase in value. But if you find the right house in the perfect area, you can make a ton of money after fixing it up.

If you're looking to make an investment and get a quick return, this is a solid option. The main setback here is that you have to gamble on the fact that the house will sell for more than what you're spending to buy and fix it. You also have to hope that it sells quickly.

Another setback of this strategy is it's not a long-term investment. You'll get your return relatively quickly, and then you'll want to invest again to keep getting income.

3. Airbnb Investment Property

Airbnb has become a huge force to be reckoned with and cannot be ignored by real estate investors any longer. Airbnb investment properties allow entrepreneurs to potentially make a ton of money each month if they play their cards right.

First, you'll want to buy a property somewhere that has a lot of tourism so there won't be a shortage of people looking to stay at your property. Then, you need to make the property unique and add amenities that are inexpensive but will lead to people willing to spend more to stay with you (snacks, local tips, bikes to use, etc.).

You can literally make hundreds of dollars a night from renting out your property if you do it right and take care of the home. 

There are a few setbacks to this strategy, however. If you're an Airbnb host, you'll need to be a lot more involved than you would with other types of investment properties. Another setback is there can be stretches of time where your home won't be booked for a stay, so you won't make any money. Also, Airbnb takes a chunk of what you make from each booking.

4. Real Estate Investment Trust 

A Real Estate Investment Trust (REIT) is when you pool your money with a group of other investors to buy a piece of real estate. This strategy is generally used for large real estate properties, such as strip malls, office buildings, or apartment buildings. Think of this as something similar to buying shares in the stock market. 

REITs are very passive and you won't need to worry about maintenance or finding tenants. You just have to invest in some money and sell your shares when you think they have the most value. 

If you're looking for the most hands-off strategy, this is it. However, it comes at a price as you probably won't get as much in returns, and it's hard to determine when the best time to sell your shares will be. You also won't be able to make executive decisions over the property, giving you a lot less control.

Real Estate Investment Strategies: Get Help from the Pros

If you're looking for the best long-term real estate opportunity, buying and holding is the way to go. Not only can you make money in the short-term by renting out the home, but the property will appreciate in value over time. 

Are you ready to use one of these real estate investment strategies to grow your wealth? 

Here at Professional Real Estate Management and Investment Services Inc, we will help you find the most valuable properties in the Pinellas County area. We'll also handle all of the property management duties, so you don't have to.

Contact us today to learn more about our services and to start your journey towards a wealthy and fruitful future.

What Are the Different Types of Real Estate Investments?

Real estate is becoming a more attractive investment opportunity for young entrepreneurs across the country, and for good reason. On average, long-term real estate investments outperform the S&P 500 Index.

But if you're interested in property investment, where do you even start?

Well, first you need to understand the different types of real estate investments. Keep reading to learn more!

Residential

Residential real estate is the most popular type of investment, especially for beginner investors. This is because it requires very little effort to own and manage a residential property compared to a commercial or industrial property. This is especially true if you work with a property management company that will handle things like tenants, collecting rent, maintenance, repairs, and quickly filling vacancies.

There are a few different types of residential investment options, including:

  • Single-family homes
  • Duplexes
  • Townhomes
  • Condos
  • Apartment buildings

For beginner investors, it's best to start with a single-family home, as you won't have to worry about managing multiple units or tenants. You can also get a huge return by finding homes for sale with the potential for high long-term appreciation.

Commercial

Commercial real estate refers to properties that are leased to businesses. Commercial investments are vastly different than residential investments and offer a wide range of options.

Commercial investments can vary widely in terms of size, cost, and style. Here are some of the types of commercial investment properties.

  • Office Buildings (for small or large businesses)
  • Retail (strip malls, shopping centers)
  • Mixed-use properties (used for both business and residential)
  • Industrial (warehouses, car washes, storage facilities)

In general, commercial properties are a lot more expensive than residential properties. You also might have more difficulty filling vacancies than you would with single-family homes. That's why commercial property investing isn't recommended for beginner investors. It's best to hold off on this type of investing until you have plenty of experience and have had time to build your portfolio.

Undeveloped Land

Investing in raw, undeveloped land can be a low-risk, high-reward opportunity. The goal of investing in land is to find an area that is low in value now, but you expect to grow in value over time. 

For example, is there an up-and-coming town or city with a ton of free land surrounding it? That might be a good investment. In fact, you might be able to make a fortune off of it.

However, there's always the chance that you invest in land that doesn't gain value, and you won't get any return on it. 

This makes investing in undeveloped land a bigger risk than investing in a single-family home. A single-family home will appreciate in value simply due to inflation and the growth of the real estate market. But you can find bare pieces of land that are priced the same now as they were 10 years ago. 

With this type of investment, it's best to only make your move if you feel confident that you've found a unique and up-and-coming area.

Types of Real Estate Investments: Start with Residential Investing

While each of these types of real estate investments may have piqued your interest, it's best to start with residential investing. Not only is it the easiest route, but you'll be able to gain experience and build your portfolio so you can invest in other types of real estate in the future.

Whether you're looking to invest in your first property, or you're a seasoned investor, you need an experienced real estate management team on your side.

Here at Professional Real Estate Management and Investment Services Inc, we will help you find the best properties to invest in, and we'll take care of all of the managerial duties including finding quality tenants, collecting rent, and routine maintenance. 

Contact us today to learn more about how we can help you with all of your residential real estate investing needs!

4 Important Questions to Ask a Clearwater Property Management Company

Working with a property management company is an integral part of being a real estate investor. A quality property management company will find you the best investment opportunities, market your property, screen tenants, perform maintenance, collect rent, and much more.

But not all property managers are the same. It's important to do your due diligence when looking for a Clearwater property management company to take care of your investment property.

In this blog, we'll discuss the most important questions investors need to ask a property manager before signing an agreement.

1. What Are the Services You Offer?

This should be the first question you ask because you'll find that a lot of property managers don't offer everything you'll need them to. 

When hiring a property manager, you should look for a few key services, which include:

  • Maintenance
  • Rent collection
  • Tenant screenings
  • Minimizing vacancies
  • Investment services
  • Real estate marketing
  • Property inspections
  • Preventing disputes
  • Accounting

All of these services should be included in your agreement with the property manager. Otherwise, you'll find yourself needing to hire additional people to perform those tasks.

Note the importance of your property management company offering investment services. This is a key inclusion because without real estate investment knowledge, they won't understand the local market as much and won't be able to find you the best deals. 

By working with a real estate management company that also offers investment services, they can find you incredible investment opportunities in the area, and then manage those properties for you. The process becomes a lot smoother and you'll save more money by working with the same company the whole time.

2. How Much Experience Do You Have?

In order to be a high-functioning and effective property manager, you need to have several years of experience under your belt. No amount of market knowledge or studying can prepare someone for property management more than pure experience can.

This is because things can go wrong all the time with properties, and knowing exactly how to handle those issues (who to call, how to deal with upset tenants, etc.) is essential.

That's why your second question needs to revolve how much experience your property manager has. If they are fairly new, you need to ask what makes them more qualified than a company that has been doing it for many years.

3. What Types of Properties Do You Manage?

Next up is discussing what types of properties they tend to manage. Some property managers may only work with apartment buildings or complexes, others may only work with single-family homes, and some will work with a combination of both.

It's important to make sure your property manager has extensive experience in managing the specific type of property you own, so you know it'll be a smooth and easy process without any growing pains.

In addition to the type of properties they manage, also ask about how many properties they manage. If they manage a small number of units, it may be due to inexperience or the loss of clients from poor customer service. If they manage a ton of units, your property may not get the attention it needs.

4. What Is Your Fee Structure?

There are a few different ways property management companies structure their fees, and while they each have their own advantages and disadvantages, you need to know which one works best for you.

The first type of fee structure is based on the rent price. This means you and your property manager will agree to a percentage of a rent price which will go to the management company. 

This option is beneficial to investors because it gives property management companies the incentive to charge higher rent, which means more money for the investor.

Another popular fee structure is the flat rate, which means you'll pay the property manager the same amount, regardless of what the rent charge is. This can be beneficial because it prevents the investor from having to pay the property manager more money if the rent increases.

You should also inquire about what their monthly rate includes. Is it all-inclusive or will you have to pay extra if there is maintenance to be done? Or will you have to pay a vacancy charge if no one is renting the property? 

These are important questions to ask because oftentimes property management companies will offer low base rates but they won't be all-inclusive, meaning you'll end up spending just as much or more every month with all of the additional charges.

What to Look for When Hiring a Clearwater Property Management Company

By asking the above questions, you now know exactly what to look for when hiring a Clearwater property management company. 

No one in the Pinellas County area hits all of those marks better than Professional Real Estate Management. Not only do we provide top-of-the-line investment services, but we offer the best property management services in the county. 

Give us a call today to learn more about how we can help make your investment dreams into a reality.

A Beginner's Guide on How to Get Started in Real Estate Investing

Do you have dreams of one day retiring without worrying about your finances? Do you want to earn a passive income instead of dealing with the everyday 9-5 work grind?

If yes, then real estate investing might be the answer to all of your hopes and dreams. 

But investing in real estate isn't as simple as you might think. There are a lot of factors to consider, and the more research you do, the better off you'll be as an investor.

Ready to learn the basics of how to get started in real estate investing? Keep reading for what you need to know!

Consider Your Financial Standing

As with any major investment decision, it's important to take a close look at your financial standing. You'll need to determine how you will pay for the real estate investment and what you can afford without digging yourself into a deep hole.

While some people may be in a great financial position and are able to pay for their investments upfront without taking out a mortgage, that's not usually the case. You'll likely need to take out loans in order to invest in real estate, at least in the beginning.

You need to figure out how much you can afford to pay for a downpayment and what you can spend each month on mortgage payments. If you need help with the downpayment, consider going in on the investment with a partner.

Keep in mind, you will be making money off of renting these properties out, so that will help with the monthly mortgage payments and other expenses like property tax. 

Figure Out What Type of Property You Want to Invest in

The next step is to figure out the type of properties you want to invest in. Do you want to invest in a single-family home? Do you want to buy a few townhomes to rent out? Or does investing in a commercial building sound more appealing?

This determination needs to happen early in the process because there's a big difference between investing in a commercial building and investing in a single-family home. 

For beginner investors, your best bet is to start with investing in a single-family home or a townhouse. It'll be a lot easier to manage and is a less risky investment.

Determine an Investment Strategy

If you're just getting started in real estate, you probably didn't know there are a ton of different strategies for investing in real estate. And it's important you have a clear-cut strategy before you make your investment. 

Here are some of the most popular real estate investment strategies you should consider:

  • Buy and Holds
  • Fix and Flips
  • Airbnb Properties
  • Real Estate Wholesaling
  • Commercial Real Estate Investing
  • Passive Investing

The most popular of these options, if you're looking for long-term returns, is the buy and hold strategy. This means you purchase a property, rent it out to pay off the mortgage and other expenses, and get a big return on the long-term appreciation of the property value.

It's important to reach out to a local real estate company that can find you the best deals that'll earn you the highest return in the long-run. 

Find the Perfect Location

If you're investing in real estate with the simple goal of getting a return on your investment, then you can't really go wrong no matter where you invest. Property value increases over long periods of time across the board. This is due to a few factors including long-term economic growth and inflation. 

But your goal shouldn't be to simply get a return on investment. It should be to get the biggest return on investment that you can. You should look for a location that is a low-risk, high-reward investment. 

Areas with up-and-coming neighborhoods, good schools, quality restaurants and places to go out, and unique geography indicate that it's a good area to invest in. 

If you can find an area that checks all of these factors and shows positive economic trends, then it's definitely worth a closer look.

Build a Team

Your work doesn't end once you find the perfect investment property. You'll now need to figure out how you're going to manage the property. 

You'll need an electrician, plumber, handyman, home inspector, HVAC professional, yard service, and pest control. That's a lot of people you'll need to have on-hand, which is why smart investors decide to hire a property management company, instead.

A property management company not only handles the day-to-day management of your properties, but they also find quality tenants and ensure that there are no prolonged vacancies.

With a property management team on your side, you won't have to worry about finding a plumber or electrician in an emergency situation because they handle all of that for you. You won't have to deal with tenants or be on-call 24/7. If you're looking for a truly hands-off real estate investment experiences, then a property management company is a necessity.

How to Get Started in Real Estate Investing: Work with the Pros!

Now that you know the basics of how to get started in real estate investing, it's time to work with the people who know the ins and outs of investing in real estate. No matter how much research you do on your own, it can't replace the decades of experience that the professionals have.

At Professional Real Estate Management and Investment Services Inc, we will not only find you the perfect investment property, but we'll handle the property management, as well. It doesn't get much easier than that!

Ready to get started? Contact us today so we can help you find exactly what you're looking for in a real estate investment property.

7 Key Benefits of Investing In Real Estate

We all know that there are inherent risks and benefits when it comes to investing. But investing is essential for anyone who wants to retire at a reasonable age and have money to live comfortably as they grow older.

The question is, what type of investing will benefit you the most? How can you invest wisely so you minimize risk and maximize reward? The answer is by investing in real estate.

Keep reading to learn about some of the many benefits of investing in real estate!

1. Generate Passive Income

With most long-term investments, you don't get the benefit of making money both now and in the future. You just invest in the stock market or in a business and wait many years before you start to reap the rewards.

With real estate investing, you'll not only have the long-term investment of owning a property that will increase in value, but you'll make short-term money off of tenants paying rent. That means you'll basically have money fall into your lap without doing much of anything.

Even if you take out a mortgage to buy an investment property, you can set the rent to pay for your monthly mortgage payments and then some so you have extra cash each month.

If you truly want to be hands-off and make money off your properties without doing any of the managerial work, you should hire a property management company to handle everything from finding tenants to fixing property issues.

2. Long-Term Financial Stability

Getting passive income is great, but the real goal of investing in real estate is the long-term value. Buy owning real estate properties, you have something that, over time, will only increase in value. That means you will always have tenants paying rent (and rent is always increasing) and you'll always have the option to sell your property down the line.

Even if we enter a housing crisis and the value falls, it'll shoot right back up afterward. So the long-term stability is always there. 

By investing in real estate, you can feel confident that you own something that will always have value. And that fact alone will give you financial stability in the long-term.

3. Tax Benefits

Many entrepreneurs choose to invest in real estate because of one big benefit: tax exemptions and tax breaks. That's right, the money you make off of a rental property is not subject to the self-employment tax. You could end up making a full-time salary off of your rental properties without worrying about paying a ton of taxes on the income every year!

In addition to that tax exemption, the government offers tax breaks for things like depreciation, travel expenses, maintenance, insurance, property taxes, and legal fees. Property investors also get lower tax rates for their long-term investments.

4. Real Estate Appreciation

As we mentioned earlier, entrepreneurs don't invest in property to simply enjoy short-term passive income. They invest for the long-term value. But why is real estate such a great long-term investment option?

Well, because it appreciates in value. Land and properties increase in value over time. Some properties show a steady increase, while others might skyrocket in value. No matter where you invest, the property will appreciate in value making real estate investing a safe and fruitful investment.

5. You'll Become an Entrepreneur

Are you tired of answering to your boss every day? Do you want to start making more decisions for yourself and be in control of your income? 

Real estate investing makes you an entrepreneur and gives you the opportunity to work for yourself. You have the freedom to make decisions like where to invest, how many properties you want, how involved you want to be in the renting process, and when to sell.

If you have enough passive income from your properties, you can even say goodbye to your day job completely and start living off of the monthly rent payments!

6. Portfolio Diversification

When it comes to investing, having a diverse portfolio is vital to your financial security moving forward. Basically, you don't want all of your eggs in one basket.

If you invest in the stock market, there's always a chance the market crashes and the value of your stock plummets. In times like that, owning real estate becomes so valuable because it is a physical asset. No matter the state of the economy, you can always rent out your property and make money off of it because people need a place to live. 

Diversifying your portfolio through investing in real estate is also a great way to protect against inflation. This is because as inflation continues to grow, so does the cost of living. This means the rent will go up and the overall value of your property will increase with inflation. That's why real estate investors actually embrace inflation--it increases the cash flow!

7. Possibility of High Return on Your Investment

As with any investment, there's always a possibility of striking gold and getting a huge return on investment. People are always looking for the "next big thing" so they can invest while it's cheap and watch as the value skyrockets.

The same is true for real estate, but it may be even easier to predict than the stock market.

That's because you can put time and effort into researching real estate market trends, up-and-coming neighborhoods, and other factors that may lead to a vast increase in property value.

The best way to find these gems is to hire a real estate investment company that knows the local market more than you do. They will work with you on not only finding the perfect area, but also finding a property that has great value and a high possibility of significant long-term appreciation.

Are You Ready to Experience the Benefits of Investing In Real Estate?

Now that you know all about the benefits of investing in real estate, it's time to get started! There are plenty of great real estate opportunities out there for entrepreneurs to start investing in. All you need is a bit of guidance in finding the best deals with the highest potential.

That's where we come in. At Professional Real Estate Management and Investment Services Inc., we can help you find the best investment properties in the Pinellas County area. Not only that, but we will manage the property so you won't have to. You can simply make the investment and watch the cash flow in, both now and in the future.

Ready to take the next step? Contact us today to learn more about how we can help you invest in your future!

5 Important Reasons Investors Should Hire a Property Management Company

Investing in real estate can be a fruitful financial endeavor. If you make smart decisions when investing in properties, you can not only make money from renting them out, but from property value appreciation.

But if you aren’t careful, your investment can turn into a full-time job that you don’t have time for.

That’s why we’re here to talk about how property management companies can make your life as a landlord and real estate investor much easier. Keep reading for some important reasons to hire a property management company today.

1. You Won’t Need to Live Near Your Rental Properties

More often than not, the best real estate investment opportunities aren’t waiting for you in your own backyard. You need to look beyond your city, and even your state, to find the most valuable properties to invest in.

But how can you invest in properties that are hundreds or thousands of miles away? How will take care of things like tenant screenings and home repairs?

Well, you can hire a property management company to do all of that for you! They will perform all of the local duties that you can’t do from afar. This not only gives you the freedom to invest wherever you want, but you’ll also be able to travel without worrying about your properties while you’re away.

2. You Can Own Several Rental Properties

Are you looking to invest in multiple properties? Oftentimes, if you find an area that has great value, it’s a great financial decision to invest in more than one property.

But as a landlord, owning multiple properties means multiplying your management duties. This is how a simple investment can turn into a full-time job. But if you work with a property management company, you can invest in several properties without increasing your workload at all.

Property management companies have experienced staff that work diligently every day to ensure your properties are being managed properly. Utilizing their knowledge and resources allows you to continue working your current job or to enjoy retirement without worrying about day-to-day management tasks.

3. Property Management Companies Handle Tenants

Handling tenants is probably the most time-consuming, and often most frustrating, part of being a landlord. First, you have to get potential tenants interested in applying to rent your unit. Then, you need to screen these tenants to make sure you find the best one.

Even once you’ve found a good tenant to rent to, you have to worry about collecting rent each month, enforcing property rules, inspecting the unit after the tenant has moved out, and much more. If a tenant decides to break the lease or is a evicted, you then have to rush to find a new tenant so you don’t lose a ton of profits.

Dealing with tenants alone can feel like a full-time job, especially if you’re renting out multiple units. But a property management company will handle all of those duties for you, so you won’t have to worry about any of it.

4. You Won’t Feel Overwhelmed From Management Duties

Have the above-mentioned duties made your hands sweaty just at the thought of dealing with it all? Well, that’s not all landlords need to worry about.

There are also the cases of things going wrong within the unit such as the AC/heater breaking, hot water not working, blown fuses, plumbing issues, and much more. The threat of these issues will have you stressing out constantly, which is why you should delegate these tasks to a property management company.

If any problems arise within a unit, the tenant will contact the company who will then set out to resolve it. You won’t even know there was an issue because it will have been solved so quickly and effortlessly without you even lifting a finger.

5. You Will Save Money

The reasons listed above should have you at least a little convinced that hiring a property management company is well worth it. But if you have any doubts, it’s likely that you can’t or don’t want to spend the money on one.

But the reality is this: hiring property management companies will actually save you money in the long run.

Think about it. You will have the freedom and ability to invest in more valuable properties because you won’t have to worry about day-to-day management. This fact alone means more profit from rent and more profit from home value appreciation over time.

If you live far from your properties, you won’t have to worry about travel expenses to go check on your units. You can just have a management company communicate with you via phone and email.

Most importantly, you’ll be saving a ton of time, and we all know time is money, especially if you have a full-time job to worry about.

Hire a Property Management Company Today!

Now that we’ve laid out the important reasons why landlords should hire a property management company, it’s time to take action!

At Professional Real Estate Management, we will take care of all your property management and investment needs.

Looking for a unique investment opportunity? We’ve got real estate agents and brokers to find you the best deals in Pinellas County. Need your properties to be managed? We’ll take care of tenant screenings, daily management duties, and much more.

Contact us today to learn more about how we can help you!

2019 Pinellas County Walk to End Alzheimer's

The 2019 Pinellas County Walk to End Alzheimer's is taking place on October 12th, and we are sponsoring a team once again.

This year, our team is walking in memory of our dear Uncle Curtis Gibson, who lost his fight with early-onset dementia last year. Alzheimer's affects millions of people every year, and we hope to raise money to fund important research being done to find a cure for this devastating disease.

Click here to donate or join our team and help us help those who are affected by Alzheimer's disease.

5 Reasons You Should Invest in Clearwater Properties

Investing in real estate is one of the best ways to increase your wealth without doing too much hands-on work. You can invest almost anywhere and you'll probably get a decent return on your investment, simply due to inflation and growth of the economy.

But for smart investors, the goal isn't to simply get a return on investment. The goal is to find a location that has a high probability of giving you a massive payout down the line. 

We're here to tell you that Clearwater, FL is the perfect location for investing in real estate. Not only will your Clearwater properties earn you money now, but you'll see a ton of growth in property value in the future.

Here are a few reasons why you should be excited about investing in Clearwater real estate.

1. Greater Home Appreciation

While there is money to be made by renting out single-family homes to tenants, the purpose of your investment should be for the appreciation of the property over time. 

Appreciation is the increase in a home's value over time. The higher rate of appreciation a property has, the more money you'll make off of it in the future. 

The average rate of home appreciation is 3.8 percent. So, if you invest in a property that appreciates at the national average, you can expect a 3.8 percent growth in your investment each year. That's a decent amount of growth, but investors should seek out options that provide higher rates of appreciation value.

That's where Clearwater properties come in. In the past year, there has been a 14.5 percent increase in Clearwater home values, putting the area well ahead of the national average. 

2. Geographic Location

So, why are Clearwater properties appreciating at higher rates than other properties? Well, it's in part due to the perfect geographic location. 

Clearwater is home to one of the most popular beaches in the country, making it a top tourist destination year-round. Clearwater boasts perfect beach weather every month of the year, giving people an escape from harsh winters up north. 

The area also offers a ton of top-rated restaurants, clubs, museums, and venues. 

Not only is Clearwater a great city in its own right, but it's also just a short drive to the eclectic city of St. Petersburg and bustling city of Tampa. Residents of Clearwater are in the perfect location which is why it's such a popular place to live.

3. Supply and Demand

Not only is Clearwater home to long-time Florida residents of all ages, but it's also a hot spot of Northern retirees. This combination creates a high demand for clearwater properties, and that demand is only going to grow. 

As the demand for properties in Clearwater grows and the supply stays stagnant, the value will increase at a much higher rate. 

While other cities might be showing an increase in housing demand, no one can guarantee that demand continues to grow. But in Clearwater, due to its pristine location, there will always be high demand for properties. This not only makes Clearwater a high-value investment, but a low-risk one as well.

4. Wide Variety of Properties

Are you looking to invest in a luxurious beach condo or apartment building? Or are you interested in a single-family home in a top Clearwater neighborhood? Either way, you'll have those options and more when you invest in Clearwater, FL.

If you have a general idea of what type of property you want to invest in, be sure to get in touch with a local real estate investment company. They will help you find exactly what you're looking for and will get you the best deals.

5. Strong Economy

One of the biggest fears people have when investing in real estate is that the housing market and/or the economy will crash and you'll end up losing on your investment. And while that is always a possibility, you can rest assured that Clearwater has a strong economy and will always be a valuable location.

As of 2019, Clearwater has an unemployment rate below the national average, and a job market increase above the national average. In fact, future job growth is expected to exceed the national average by almost 8 percent. This means that not only is the economy in Clearwater strong now, but it shows no signs of slowing down over the next ten years.

Invest In Clearwater Properties Today!

Clearwater is, without a doubt, one of the best locations to invest in real estate. Not only will your Clearwater properties appreciate at a higher rate, but you'll be able to find exactly what you're looking for with the help of a real estate investment and management company.

That's where we come in. Not only can we help you find the perfect property to invest in, but we will manage the property so you won't have to worry about the nitty-gritty property management details. 

Contact us today so we can help you find the best investment for your future. 

Making the Most of Your Investment: Why Investors Need a Real Estate Management Company

You've decided to start investing in real estate--congratulations! You're on your way to creating a lifelong passive income for yourself. That is, if you play your cards right. 

Investing in real estate isn't as simple as finding a property and renting it out or flipping it. There are nuances to this market that are key if you want to make the most out of your investment. 

So, how can you successfully navigate the world of real estate investing? 

Well, you can't do it on your own. Keep reading to learn why working with a real estate management company is essential for any property investor.

Unparallelled Knowledge of the Area

If you're thinking about investing in property in a city or town that you aren't familiar with, it's incredibly important to work with professionals. No matter how much you know -- or think you know -- about the area, it doesn't compare to the knowledge of local realtors and brokers.

When investing in properties, there are many local factors that need to be considered. 

What are the market trends for the area? What demographics are moving in? What is the state of the local economy?

These are just a few of the questions you'll need to know the answers to. And a professional real estate company will have those answers, and more.

By working with a team of professionals, you'll develop a deeper understanding of the area you want to invest in. You'll feel more confident and be able to make educated decisions when it comes to investing in properties.

They'll Find You the Best Deals

Once you've learned all you can about the area, it's time to find properties to invest in. But it's not as simple as going on Zillow or Trulia and doing a quick search. That's a surefire way to overspend and lose money on your investment.

A real estate management company can find you the best deals in town that will pay out the most in the long-run and have high appreciation value. You can rest assured that you won't miss out on any killer investment opportunities when you work with a real estate investment company.

Setting the Right Rental Rates

Setting a rental rate isn't as simple as looking at what other property owners are charging their tenants. Many factors go into determining rental rates such as new appliances, location, accessibility of good schools, and tenant demand.

A real estate management company will find the rental rate sweet spot that'll get you the most money without having periods of time without tenants.

Marketing Your Property

Once you invest in a property, you'll need to market it so potential tenants can see it. Without marketing, you may end up with only a few lackluster tenant applications, or none at all.

A real estate company will market and advertise your property online so it attracts not only more tenants, but better ones. 

Attracting the Best Tenants 

Finding tenants is time-consuming and can cost you big-time if you make a mistake. The last thing you want is to end up with tenants that don't pay their rent or end up breaking their lease. This leads to a loss of income that can be entirely avoided by delegating this task to a management company.

A property management company will find you the best tenants that have adequate income, credit scores, and high-quality applications. And if for some reason the tenants don't work out, the management company will find replacement tenants right away so won't have any loss of income.

Hire a Real Estate Management Company Today!

If you're serious about making the most out of your investments then don't try to tackle this on your own. By working with a real estate management company you can find the best investment opportunities without putting in the extra effort.

Interested in investing in real estate in Pinellas County, FL? Contact us today to learn how we can help you!

Real Estate Investing for Beginners: 5 Things You Need to Know

Investing in real estate is similar to starting a business--you're putting money into something with the hopes of making a profit down the line. But with that being said, many investors don't put the same time and effort into researching investment opportunities as they would when starting a new business.

And that's why many real estate investors won't maximize their profits. 

But if you're willing to do your research and put the work in before investing in real estate, you can make a ton of money without doing work moving forward.

Keep reading to learn all about real estate investing for beginners, so you can feel confident in your future home investments.

1. Study Price Trends

The key to successfully investing in real estate is finding properties that provide you with a ton of value. For example, if you find affordable properties and you see that the price trends in that neighborhood are skyrocketing, that would be a better investment than properties with a stagnant or declining value. 

If you are investing in property in an area that you aren't familiar with, it's important to work with real estate management services that can help you find the best investment properties. Spending a little extra money on working with a local business will pay off in the end because you'll end up with a highly-profitable property.

2. Examine Statistics and Business Trends

Your research doesn't stop at simply studying price trends. You need to take a closer look and ask why these trends are happening. Oftentimes, you can find statistics such as crime rates and the availability of good schools as an indicator of why prices are increasing or decreasing.

You should also research whether new businesses are opening up and what kind of businesses they are. For example, if there is a brand new shopping center and high-end restaurants replacing run-down businesses, that's a strong indicator the area is on the rise.

3. Take a Closer Look

There's only so much you can learn from doing your research online. You can analyze countless statistics and it might look perfect on paper, but you won't know until you check it out in person. Before looking at specific properties, just take the time to go around the area and see what you find.

Look at who is living in the area and talk to them about why they moved there, especially if they are young professionals. This can give you a more human perspective and will show you what is enticing about the area.

From there, start looking at different properties and consider their location in terms of accessibility to quality schools, grocery stores, restaurants, and nature (beaches, bodies of water, hiking trails). Find a property that offers something unique, something that will make prospective tenants want to live there over other properties.

4. Calculate Expenses and Profits

Once you've narrowed your search down, it's time to talk money. You'll need to determine what the cost of buying the home will be. Consider the downpayment cost and what type of mortgage you'll get, and then determine how much rent you'll charge. If you find that you'll need to charge a higher-than-average rent in order to make a profit, how will you sell that to prospective tenants?

You'll also need to consider additional costs such as property maintenance and property vacancies.

5. Minimize Your Involvement 

If you aren't careful, investing in real estate can become a full-time job instead of a passive income. As mentioned above, you'll have to deal with maintenance issues on a regular basis. Not only is this time-consuming, but it can get expensive. Not to mention if you're a non-local investor, it'll be downright impossible.

That's why it's important to minimize your involvement by hiring a property management company. They will take care of finding you properties to invest in, property maintenance, finding and screening tenants, property inspections, accounting, preventing tenant disputes, and minimizing vacancies.

With a property management company, you'll be able to invest in several properties without having to do any of the hands-on work.

Real Estate Investing for Beginners: We Make It Easy

Putting in the time and effort to research a good area and property to invest in may seem daunting. But once you've followed these steps on real estate investing for beginners, you'll be making big profits without much effort.

If you're looking to invest in real estate in Clearwater, FL, be sure to contact Professional Real Estate Management and Investment Services today. Not only can we help you find the perfect investment property, but we will take care of all your property management needs.

Tenant Summer AC Maintenance Information

The Dog Days of Summer are upon us and relief is months away.  This is not only creating stress for you and increasing your utility costs, but is stressing your air conditioning unit. 

Here are some common sense and easy things you can learn and do to help your system keep you as comfortable as possible in the Florida summer.

PLEASE UNDERSTAND:  Generally speaking any air conditioning system is designed to hold up to a 20 degree difference between the outside air and the inside air, while keeping the humidity around 55%.  When the temperature outside reaches 95, your air conditioner will run continuously and really begin driving up the electric use attempting to reach anything below 75 degrees.  With an outside temperature of 98 degrees, for highest efficiency you should set your thermostat no lower than 78 degrees. With extreme humidity that heat index could well be at or over 100 degrees. The difference between setting your thermostat at 72 degrees and 78 degrees can increase your cooling costs by as much as 47%.

TO HELP YOUR AIR CONDITIONER KEEP YOU COOL:

  1. Make certain you have clean filters. Change them often.  This will increase air flow through the house.
  2. Make certain no furniture is blocking air conditioning wall air return vents.
  3. Use your ceiling fans or get floor fans.
  4. Make certain all shades are closed on the “sunny sides” of the house.
  5. Reduce heat sources. Use less lighting, turn fans off when no one is in the room, keep heat producing appliances, such as televisions or lamps, away from the thermostat.  Their heat can make the thermostat think it needs to work harder to cool the room.  Limit cooking and baking to the coolest part of the day.

Do not turn your air conditioner off when you are leaving for work or going on vacation.  Leave it set at 80-82 degrees.  This keeps humidity from building up, reduces energy consumption and will not over tax the air conditioning system when you get home and turn the temperature down again. 

Armed with this information and a tall glass of ice tea, we wish you all a comfortable summer.

        The Dog Days of Summer are upon us and relief is months away.  This is not only creating stress for you and increasing your utility costs, but is stressing your air conditioning unit. 

Here are some common sense and easy things you can learn and do to help your system keep you as comfortable as possible in the Florida summer.

PLEASE UNDERSTAND:  Generally speaking any air conditioning system is designed to hold up to a 20 degree difference between the outside air and the inside air, while keeping the humidity around 55%.  When the temperature outside reaches 95, your air conditioner will run continuously and really begin driving up the electric use attempting to reach anything below 75 degrees.  With an outside temperature of 98 degrees, for highest efficiency you should set your thermostat no lower than 78 degrees. With extreme humidity that heat index could well be at or over 100 degrees. The difference between setting your thermostat at 72 degrees and 78 degrees can increase your cooling costs by as much as 47%.

TO HELP YOUR AIR CONDITIONER KEEP YOU COOL:

  1. Make certain you have clean filters. Change them often.  This will increase air flow through the house.
  2. Make certain no furniture is blocking air conditioning wall air return vents.
  3. Use your ceiling fans or get floor fans.
  4. Make certain all shades are closed on the “sunny sides” of the house.
  5. Reduce heat sources. Use less lighting, turn fans off when no one is in the room, keep heat producing appliances, such as televisions or lamps, away from the thermostat.  Their heat can make the thermostat think it needs to work harder to cool the room.  Limit cooking and baking to the coolest part of the day.

Do not turn your air conditioner off when you are leaving for work or going on vacation.  Leave it set at 80-82 degrees.  This keeps humidity from building up, reduces energy consumption and will not over tax the air conditioning system when you get home and turn the temperature down again. 

Armed with this information and a tall glass of ice tea, we wish you all a comfortable summer.

Landlord Hurricane Prepardness Message

LANDLORD HURRICANE PREPARDNESS MESSAGE

Hurricane season is upon us lasting through October 31st.  Now is the time to prepare.

We recommend to Owners the following:

  1. If you have a property on a treed lot, authorize us to have your trees evaluated for dead wood, roof overhang and general health.  Often with high winds, under kept or unhealthy trees cause property damage. Do it now.  Once the storm approaches the tree services will be busy for months to come.
  2. If you want to rest assured that your tenant has the ability to “board up” your windows, let us get a handyman to measure, cut and supply tenants with boarding and screws necessary to apply the protection. Do it now. Few tenants are going to buy the lumber necessary to protect the windows.  When a storm is approaching it is too late.  Supplies run out fast and handymen and repair people will already be engaged with prior clients or boarding up their own property. We won’t be able to get the job done.
  3. Are you comfortable with the condition of you current roof? If your roof is single and 12 years or older, you should have it inspected for remaining life and potential of leaking under long sustained rains.     

PLEASE SEND US YOUR CURRENT INSURANCE DECLARATION PAGE by MAIL, EMAIL OR FAX.

Hurricane Irma caused damage to approximately 70 of the properties we manage.  The majority of the damage was caused by trees or faulty roofs.

Please help us to help you safeguard your property.

We have sent a detailed message to all tenants, outlining our expectations of them for keeping your property and their property safe.