If you’ve been thinking about investing in real estate, you might be feeling a bit intimidated by the idea of it. Investing in the stock market or in cryptocurrency is fairly straightforward, but investing in real estate feels much bigger and like more of a commitment. However, real estate can get you larger returns faster and it doesn’t have to be overly complicated.

All you need is a strong foundational knowledge of real estate investing and a team of real estate investment professionals on your side. Keep reading to learn about some ways to get started in real estate investment in 2021.

1. Rent Out a Room

Oftentimes, people think that they need to have a large sum of money to jump into real estate investing, but that’s not the case. In fact, you can get started if you have a spare bedroom or mother-in-law suite at your home.

Although renting out a room isn’t a great long-term investment option, it’s easy and can help you save up the money to make a larger real estate investment down the line.

You can either have a long-term renter stay in the room and pay you monthly or make the room into an Airbnb. Even if the room isn’t always booked, you can easily make a few thousand dollars after just one year of renting a room out. Then, you can use that money to start making bigger investments in real estate.

2. Flipping Investment Properties

Flipping properties is a great way to build wealth quickly, especially if you’re someone who’s handy and can complete repairs and renovations without hiring others. However, flipping properties can also be risky, especially for inexperienced investors. Not only will you need to pay all in cash, but if you overpay for a property that requires a lot more repairs than you thought, you could lose money.

It’s best to hold off on flipping properties until you’ve learned a lot about real estate and have the financial stability to handle a loss if necessary.

3. Purchase a Short-Term/Vacation Rental Property

One of the best options for real estate investors is to purchase a property, whether it’s a condo, townhouse, or single-family home, and rent it out for vacationers. For this type of investing, you can take a mortgage out and have rental rates that cover your mortgage, insurance, and property tax costs along with some extra money for repairs and property management.

Investing in a vacation home can be more fruitful than other options because if you’re always booked, you can make a ton of money. However, as 2020 has shown us, vacation rentals can be hit with long periods of limited renters, which can cost you. Fortunately, with this type of investment, you’re still gaining money in the long term from the property appreciating in value. So, even if there are periods where the property is empty, you’ll be secure in the long run.

4. Purchase a Long-Term Rental Property

The most fruitful form of real estate investing is purchasing a single-family or multi-family property to rent out to long-term renters. You can start investing in rental properties with just a few thousand dollars and have the cost of rent cover your expenses as you build equity and the property appreciates over time.

There are always going to be people looking to rent a nice home, so you shouldn’t have trouble filling vacancies, especially if you work with a local property management company. This option also requires less work from the investor and allows a person to invest in properties out-of-state if they want.

Start Investing In 2021

Whether you’re looking to dip your toes into real estate investing by renting out a room, or you’re ready to invest in a residential property, 2021 is the year to get started. The real estate market is stronger than ever, and it’s time for you to cash in on all of the excitement.

Work with the best real estate investment team, Premis Realty & Investment Services Inc., and start growing your wealth for the future. Contact us today to learn more.

Investing in real estate is one of the best ways to grow your wealth and secure your financial future. But even investing in just one property can feel a bit overwhelming, let alone managing multiple rental properties.

Investors have to worry about marketing, finding and screening tenants, collecting payments, dealing with legal issues, handling maintenance, and much more. And for every property you own, those tasks multiply. However, if you can learn how to manage multiple properties successfully, you’ll be building wealth at a much faster pace and higher rate.

Read on for a few tips on how to manage multiple investment properties with ease.

1. Utilize the Latest Real Estate Tech

Technology is created to make life easier for everyone. With the latest real estate tech, you can perform tasks and duties virtually and with the click of a few buttons, making managing multiple properties a lot easier.

For example, if you want to show a property to a prospective tenant but don’t want to do it in person, you can do virtual showings. These showings can give tenants a 360 degree view of your property without having to step foot inside. Another piece of technology you can use is an online billing system where tenants can submit their monthly payments so you don’t have to worry about collecting checks each month.

If you work with a property management company, you’ll have access to all of the latest technology for property investors which will make owning multiple homes much more convenient and simple.

2. Always Stay Organized

When you’re juggling all of your properties, it can be easy to lose track of important tasks you need to get done. This can lead to delayed maintenance, missing payments, or upset tenants. Being unorganized can make managing several homes ten times more complicated and difficult.

You need to prioritize organization as a property owner. If you’re more tech-savvy, keep things online and in designated folders, use spreadsheets, and add reminders to your online calander. If you prefer doing things offline, make sure you keep everything organized in their appropriate file and use effective ways to stay on top of your to-do list, whether that means carrying a notebook with you or hanging a to-do calendar above your desk.

By staying organized, you won’t ever have to feel overwhelmed by your management duties. You’ll stay up-to-date and ahead of the game at all times and your tenants will be pleased. The best way to stay organized is to outsource management duties to a professional real estate management company that can handle things like rent, maintenance, and tenant issues.

3. Work With a Professional Management Company

Unless you’re prepared to become a full-time landlord, managing multiple properties won’t be possible without the help of a professional real estate management team on your side. When you get assistance with managing your many properties, you can sit back and collect monthly checks while watching your properties appreciate in value, all while letting the pros handle the hard work.

A property management company will handle:

• Marketing your properties
• Screening tenants
• Lease agreements
• Legal issues
• Security deposits and rent collection
• Maintenance requests
• Property inspections
• Filling vacancies
• And much more

Managing Multiple Rental Properties Is Easy When You Get Help

Don’t make your life more complicated than it already is; let Premis Realty help you with your investment properties. Our team has the experience necessary to help you grow your wealth through real estate without having to put in all of the hard work.

Contact us today to learn more about our investment property management services.

2020 has been an unprecedented year in just about every way. Back in March at the start of the pandemic, people across the country started wondering if a real estate crash was right around the corner as the economy shut down. Stock markets plummeted and businesses shut down, but the real estate market was a giant question mark.

People argued for both sides, but no one could have predicted that the real estate market would not only remain steady but actually continue to rise to record heights. Now, we’re in a hot seller’s market but buyers aren’t slowing down. As a real estate investor, it’s important to understand what exactly is happening in the real estate market in 2020.

1. Home Prices Continue to Rise

Back in April, things weren’t looking great for the continued rise of real estate prices. Growth drastically slowed down compared to previous months. However, as we got into May and beyond, growth rates sped up and are now growing at pre-COVID rates.

This is great news for sellers who were worried that a real estate crash could cost them a ton in equity. It also gives sellers the choice to cash out now or continue to wait as prices creep up in the months ahead.

For buyers, it might seem like a terrible time to buy, but that’s actually not the case. There are still plenty of deals going around, and we can’t ignore the fact that there are people in this country hurting from the pandemic looking to sell their house fast, even if it means selling for less than it’s worth. As a buyer, you just need to know where to look and have the help of a professional real estate team to find you the best deals.

2. Mortgage Rates Continue to Fall

If you’re a buyer that needs some convincing to enter the real estate market, this should do it: mortgage rates are at an all-time low and continue to fall. If the pandemic brought us anything positive, it was that mortgage rates have been slashed, with rates going for as low as 2.5% for a 15-year mortgage. This means that even if you pay a higher sale price for the property, these low rates will make the property less expensive than they were several months ago.

Unfortunately, mortgage rates are unpredictable, especially in an election year. While it seems rates will continue to fall through the end of this year and into next year, there are no guarantees. If you’re on the fence about buying a house, now might be the time to pull the trigger so you can lock in an amazing rate.

3. Don’t Wait Around for the Real Estate Market to Crash

People have been waiting for the real estate market to crash for years, hoping to jump in on incredible deals similar to what came during the housing crisis of 2008. However, people who have been waiting for a crash are continuing to watch home prices skyrocket when they could have bought in years ago.

With the pandemic this year, there’s an even larger pool of potential buyers waiting for a crash, and the same thing is happening. Prices didn’t drop, but instead continued trending upward. Again, people are missing out on building equity because they are trying to time an unpredictable market. If you try to time the market and wait around for another crash, you could be without an investment in real estate ten years down the line while you’re still waiting for a crash.

4. Millennials Now Make Up the Bulk of Home Buyers

Millennials are now in the majority of homebuyers. In fact, it seems the pandemic may have encouraged more Millenials to purchase a home because people are placing more value in where they live as work-from-home becomes the norm.

As more Millenials save money and decide to settle down by purchasing a home, buyer demand will continue to rise. As an investor, it’s important to realize this trend now because it’s more evidence that the housing market will be strong for the foreseeable future.

Start Investing In Clearwater Properties

The time to invest is now. Don’t try to time the real estate market, but instead work hard to find the best deals so you can start building equity right away. When you work with an experienced real estate team, you’ll have all the support and resources you need to get an incredible investment property. Contact us today to start investing in Pinellas County, one of the hottest spots for real estate in the country.

If you’re thinking about investing in real estate, you’re probably asking yourself, “is now a good time to invest in properties?”

That’s a fair question because you don’t want to overpay for a property only to have trouble finding tenants to fill vacancies or get stuck with a high fixed-rate for your mortgage. There are a lot of factors that go into whether or not the real estate market is good for investing, and right now, all of those factors are pointing towards it being a great time for making an investment.

Keep reading to learn more about why you should take the leap and start investing in real estate today, rather than continue to wait.

Mortgage Rates Are Low

If you’re investing in a property, you’re more than likely going to be taking out a mortgage in order to do so. That’s why it’s important to consider fixed mortgage rates, which can drastically change the amount you pay towards your property.

Of course, your interest rate will be affected by a number of personal factors including your credit score and yearly income. But mortgage rates are also determined by the state of the economy, inflation, economic growth, and the overall housing market.

With all of these factors considered, the average mortgage interest rate is low compared to the last twenty years. On average, you’ll find interest rates of around 3.5%-4.5%, depending on what type of mortgage you take out and your personal financial health. To put those numbers in perspective, interest rates were almost double that just over a decade ago.

You never know how interest rates will change from year to year, but it’s hard to see rates getting much lower than they are now. That’s why jumping into it now is a great idea; you can get an attractively low fixed-rate mortgage.

There Are a Lot of Renters In the Market

Millennials aren’t buying houses and are choosing to rent single-family homes from year-to-year instead. What does this mean for someone interested in investing in real estate?

Well, it means there will be no shortage of potential tenants to fill your vacancies. With such a big pool of renters out there, you won’t be left vacant for long and can even increase rent prices to reflect the overwhelming demand for rental units.

The rental market shows no signs of slowing down, either, as Millenials are hesitant to settle into a fixed 30-year mortgage. This means right now is a great time to get into the game and find your footing while the demand is still hot!

Tenants Are Choosing Private Landlords More Than Ever

Not only are there a ton of people looking to rent homes right now, but they are opting for private landlords as opposed to renting an apartment unit.

If you can offer the basic necessities that tenants are looking for, such as updated appliances, then you’ll find yourself flooding with tenant applications looking to rent your property.

The Earlier You Invest, the More You’ll Make

If you’re thinking to yourself, “well, it won’t hurt to wait a few years to invest in real estate”, you might be making a big mistake. This is because the earlier you invest, the more your property will appreciate over time.

Long-term appreciation is the main goal when investing in real estate, and the longer you hold onto your property, the more it’ll increase in value.

So unless you aren’t in a good place financially right now, then you should choose to invest as soon as possible. You can make significantly more money by choosing to invest a couple of years earlier.

So, Is Now a Good Time to Invest In Real Estate?

If you’re asking yourself, “is now a good time to invest in real estate”, the answer is a resounding yes! Not only will you find low fixed-rates on mortgages, but the earlier you invest, the more you’ll make long-term. The answer is always to invest now rather than later, as long as you are in a good place financially.

If you’re looking for the best real estate investment services in Clearwater, FL, and the surrounding areas, then look no further!

Here at Premis Realty and Investment Services Inc., we can help you find the perfect property to invest in. Not only that, but we will manage your property and find quality tenants to fill vacancies, and will provide many other services. Contact us today to learn more about how we can help you invest in your future.

Are you thinking about investing in real estate, but feel unsure about what to invest in? There are a lot of investment opportunities out there, and it can feel overwhelming to choose which one is right for you.

Each type of real estate property has its own advantages and disadvantages, and it’s important to have a good understanding of each option.

Keep reading to learn more about what the best type of real estate investment property is for you.

Residential Real Estate

Residential real estate is the most popular form of investing for beginners, and for good reason. It’s easy to get into and there’s very little long-term risk. Under the residential real estate umbrella, there are a few different options you can consider.

Single-Family Home

If you’re looking for a great way to invest in the long-term, a single-family home is the best option. The long-term appreciation for these properties is almost always high.

In addition, you’ll earn monthly passive income to cover the cost of the mortgage (if you have one), property taxes, and property management. You’ll be making enough each month to cover those expenses and you can pocket the rest of the rent money.

Townhomes or Condos

If you’re interested in investing in multiple units, townhomes and condos are a great option. You can buy a few units and rent them out to separate tenants. The upkeep with these properties is a lot easier but you’ll have to pay heftier HOA fees to cover things like lawn care and landscaping.

Multi-Family Home/Duplex

Investing in a duplex is a cool idea if you’re interested in living in one half of the duplex while renting out the other. The rent that the other tenants are paying can cover your mortgage payment so they are basically paying off the entire duplex.

Apartment Building

Investing in an apartment building can be an incredibly rewarding opportunity, but it’s something that should be done by an experienced investor. If you’re just getting started in the world of real estate, stick with detached properties or townhomes and condos.

Commercial Real Estate

Commercial real estate offers investors an opportunity to make more cash in the short-term. You can also expect to have longer leases, shorter vacancies, and less competition.

Here are some commercial real estate opportunities you should consider:

• Office buildings
• Hospitals
• Industrial buildings
• Retail
• Shopping malls

While this can be a great opportunity, you should already be well established as an investor and in great financial standing before investing in commercial real estate.

Raw Land

Raw land is an attractive investment opportunity because it’s generally a lot cheaper and you can score big if you invest in raw land that’s in a popular or soon-to-be popular area.

If you see raw land for sale in an area with high potential growth, buying it up can get you a huge return on your investment. But oftentimes, raw land won’t appreciate in value unless it’s in a great location, so there’s a lot of luck and instinct involved with this type of property investment.

Which Type of Real Estate Investment Property Is Best for You?

If you’re wondering what the best type of real estate investment property is, it really depends on your experience, financial standing, and your goals. If you’re just starting out with investing, it’s best to start with residential real estate and work with professionals who can help you along the way.

Here at Premis Realty and Investment Services, we can help you find the best residential investment properties. We will also manage your property for you, so you don’t have to worry about all the extra work that comes along with renting out a property.

Contact us today to learn more about our services and how we can help you achieve your investment goals.