Beware of these Common Investor Pitfalls
While investing in Lakewood Ranch is an excellent idea for a number of reasons, it still comes with some risks. Most of those risks can be managed when you work with an experienced and talented property management team. At Gulf Coast Property Management, we have already made all the mistakes, and we’ve learned from them. We take that valuable experience and we bring it into our business, which is helping investors like you avoid some of the common pitfalls. Our management team can protect you from simple mistakes and complex problems. We’re here to help you manage your investment successfully and to increase your return on investment (ROI) dramatically.
Overpaying for a Property
It’s easy to get excited about a property that you plan to turn into a rental. However, you want to make sure you’re negotiating the best price and setting yourself up for some consistent cash flow and outstanding long-term gains. Don’t overpay for a property. Ask us about the market and its comparable prices.
Over-leveraging Your Purchase
Debt can be helpful in investing when it’s used properly. However, a lot of investors make the same mistake; they overleverage their purchase. Talk to us about financing options so we can help you protect your cash flow and increase your ROI. With prices where they are, we can find a better way.
Poor Property Management
Poor property management or no property management will lead to higher risk. You’ll run the risk of bad tenants, potential property damage, and a loss of rental income. You need a management team who can protect your property, choose the best tenants, and help you earn more on your investment.
Why Partner With Gulf Coast For Your Lakewood Ranch Real Estate Investment?
Working with Gulf Coast Property Management, your Lakewood Ranch investment property will be more profitable and easier to manage. Talk to us before you buy your investment. We’ll discuss how much you can get in rent, how long it will likely take you to find a good tenant, and what repairs and updates are necessary before putting the property on the market. Once you close on your property, we can immediately get it cleaned up, spruced up, and ready for the rental market. We’ll handle the marketing, the tenant screening, and the leasing. Then, we’ll handle the maintenance and the day-to-day operations. You won’t be called in the middle of the night with repairs or problems and you won’t have to deal with security deposits, late rent, or property damage.
Our team understands the Lakewood Ranch rental market like no one else. We stay on top of the trends in the local real estate markets and we participate in conferences, classes, and seminars that provide us with new resources, innovative technology, and other tools that make us better property managers. You don’t want to trust your investment properties with just any property manager. You want someone with the knowledge, talents, and experience to help you spend less and earn more.
What We Offer
We offer our investment clients a partnership that starts and ends with your investment goals. Talk to us about where you are and where you want to go, and we’ll put together an action plan that gets you there. We understand the Lakewood Ranch rental market, and we know how to help you maximize your ROI.
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.