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.