Beware of These Common Investor Pitfalls
It’s easy to jump into a rental market that you don’t quite understand. Whether you’re new to real estate investing or you’re an experienced investor who is new to the Bradenton real estate market, you’ll find it’s easier to maximize your ROI when you work with professional Bradenton property managers. We can help you avoid some of the common mistakes we see investors make.
Contact us if you’ve purchased a rental property in Downtown Bradenton, Cortez, or Oneco, or you’re thinking about buying an investment property in Bradenton Beach or Whitfield.
Overpaying for a Property
Plenty of great deals can be found in Bradenton, and we hate to see investors pay too much. When you overpay, you lose money on the sale and you hurt your long-term ROI. We know the market and we know what properties are worth. Let us take a look at your potential purchase and tell you what we think.
Over-leveraging Your Purchase
Leverage is great when you can use it to increase the potential return on your investment. It’s a mistake to over-leverage your purchase, however. We see investors too desperate to close on a deal they want, and they take mortgages that are too big or carry too much debt to earn any kind of cash flow.
Poor Property Management
Property management can increase your rental home’s performance, but only if it’s done right. Working with an inexperienced manager or someone who doesn’t know the market will cost you money and result in poor tenant placement, legal risks, and even property damage. Work with professionals.
Why Partner With Gulf Coast For Your Bradenton Real Estate Investment?
You’ve got a lot of choices when it comes to choosing a property manager in Bradenton. However, it’s important to choose someone with the qualifications and the local experience to help you find the right property, choose the right tenants, and manage for increased ROI. We understand the nuances of Bradenton and we know the local laws, regulations, and requirements. We’re the leading property management company in Bradenton because we pay attention to the market trends and the industry best practices. We don’t leave anything to chance. Our systems, processes, and procedures have been improved over our years of experience and we know what to do – whatever your biggest challenges happen to be.
Don’t make the mistake of choosing a part-time real estate agent to manage your investment property. Real estate agents have their own set of strengths – they can help you buy and sell properties. When it comes to property management, you need a full-time professional; someone who understands the stakes and the requirements of landlords. We can do a better job of pricing your home, preparing it for the market, advertising it to potential tenants, and screening your interested applicants. We’ll collect rent, maintain the condition of your asset, and enforce the lease. With Gulf Coast Property Management, you’re working with experienced investment professionals.
What We Offer
For your Bradenton investment property, we can help you reduce vacancy, screen tenants, and maintain your asset. We can talk to you about your investment goals, and help you decide where to buy, when to buy, and if it makes sense to sell. At Gulf Coast, we offer full service property management in zip codes 34203, 34205, 34207, 34208, 34209, 34210, 34212, and the surrounding areas.
1 Buying for Cash Flow
As an investor purchasing real estate in Florida, the most important thing you need to consider is your return on investment. Download our free “Buying for Cash Flow” calculator designed to help investors like you make the best buying decisions in Florida real estate.
1 15-Year Property Analysis
Are you an investor looking to buy and hold properties? Use our free excel calculator to help you understand what you could potentially be earning or losing over 15 years. This spreadsheet is a model for informational purposes only. Interest rates are based on 30-year averages.
1 30-Year Property Analysis
Looking to buy and hold properties long term? Download our 30-Year Property Analysis calculator to help you see what ROI to expect over that time period. Please note that this spreadsheet is a model for informational purposes only. Interest rates are based on 30-year averages.
Get in Touch with Gulf Coast
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Our Real Estate Partners
In Florida, an applicant only has to study for 60 hours and pass a 100 question exam to qualify as a real estate agent. Literally one day after passing the Florida Real Estate exam, an agent is licensed to sell a 1-bedroom condo, a million-dollar mansion or even a retail shopping center. A real estate license is no indicator of an agent’s skill or expertise.
Who do you want to trust your investment strategy with? We maintain relationships with exceptional local agents, all equipped with the knowledge, experience and skill set required to perform in the real estate investment market.
Our partnering agents offer value to buyers and sellers above that of a realtor involved in the general sales market. To attain ‘Preferred Real Estate Agent’ status at Gulf Coast Property Management, agents need to demonstrate through knowledge, qualifications and real-life experiences, that they understand the long goals of the real estate investor. The agents are also active in the real estate investment community and members of professional organizations such as NARPM and IREM.