A lot of things are important when it comes to investing in real estate. Too bad we didn’t know about them all when we began. But we know now, and that’s great for our clients. Any investor must know the market, and understand its complexities. Due diligence is always required, because very often things aren’t as they appear. Clarity on the type of tenant desired is a corner-stone in finding investment properties that fit. Systemizing is a shrewd way to ensure all business tasks are thorough and done in a timely manner. Common sense is another key element, one that must remain at the forefront of all pertinent decisions.
LLR offers a few other things, ones that most conventional property management companies don’t. Specific to our investing services, LLR consults on new purchases and offers each client a yearly portfolio review.
People will always want homes to rent. Our market knowledge keeps us on top of trends and in the know about information that is relevant to investing in real estate. This includes what areas are under-priced, meaning those with the greatest potential ROI.
We choose the best opportunities and perform due diligence on them. In fact, we choose properties for our clients that we would buy for ourselves. If we don’t have a buyer, we keep the house.
What’s important is to attract the type tenant you desire, and that needs to be decided first. Most buyers get it backwards; they buy a house then try to attract their desired tenant. We’ve learned that the process starts with knowing what kind of tenant a buyer seeks then we vet houses that fit that tenant profile.
No matter your tenant profile, the property needs to be in an excellent area, close to major roadways, public transit and shopping. These factors increase the amount of potential tenants, offering them convenience and accessibility.
Like any other discipline, real estate investing can be broken down into systems and processes. We’ve created our own to keep us all on track. LLR only buys properties that will work for our system, which is based on practical experience, not merely theory. We only buy properties that we would want in our own real estate portfolio, with a strong upside, excellent rentability and low long-term maintenance. After years of investing in many types of rental properties we know what makes the most sense for investors.
If you need a bank loan to buy rental property, and most people do, then you’ll need a 20% down payment. From there, we can help you ensure you have the liquidity and cash flow to take unnecessary financial stress out of rental property ownership.
A turn-key property means that everything is ready to go, just turn the key and – voila! But for LLR , this means that everything was done right, to a high standard. That’s because low-end products are likely to break-down and cost investors a lot of money. Where needed, our properties are renovated so they meet the expectation and demand of our clients. Our thirteen years’ experience in buying, owning and managing real estate means fewer headaches and more confidence for our clients.
LLR’s team of experts canvas the city and analyze market trends. We learn what’s in demand and seek the best potential investment property. This means less work for the investor.
Finding the best potential investment properties requires our due diligence. Our rental manager deals with tenants every day, so we’re always in the know of what is happening and where. Because we are in the market ourselves, and continue to educate ourselves, and talk to other investors, we stay current and relevant.