Beware of these Common Investor Pitfalls
We want you to invest in Sarasota properties. But, we want you to do it right. Part of our role as Sarasota’s leading property management company is to help investors like you make the most of their experience. The entire industry benefits when investors are more informed and better prepared. Don’t make these common mistakes. They’ll cost you money and sour your experience as a property investor. Don’t be afraid to ask for help, either. Reach out to us at Gulf Coast Property Management, and we will do our best to help you avoid these unfortunate and costly errors.
Overpaying for a Property
In this market, there’s no need to overpay for a property. The market in Sarasota is strong, but there are still so many good deals to be found. Take your time finding the perfect property, and then negotiate on the price until the numbers make sense for you. There’s no hurry – so don’t settle.
Over-leveraging Your Purchase
There’s a time and a place for debt, and leveraging your rental property purchase is a good idea, as long as the math works out in your favor. We see investors make the mistake of taking on too much debt, and then finding it impossible to earn any cash flow. This damages your long-term return on investment (ROI) as well.
Poor Property Management
After investing all this money in a rental property, the last thing you want to do is lose money with poor property management. Find an expert who can help you keep your expenses low and your income high. Don’t waste money on vacancies, expensive repairs, and other results of bad management.
Why Partner With Gulf Coast For Your Sarasota Real Estate Investment?
You don’t want to do it all on your own when you decide to invest in Sarasota real estate. To earn the most money and have the best experience, it’s important to partner with a professional property management company that knows the market and has experience with investment properties like yours. At Gulf Coast Property Management, we know we’re the best in the business when it comes to helping investors buy, manage, and sell their real estate. We believe in this business as an excellent way to earn passive income, and you’ll feel our enthusiasm the first time you talk to us. This is what we do every day, and there’s a reason we’re so good at it – we love real estate.
When you work with us, you can expect a dedicated team of property managers who are responsive, helpful, and knowledgeable about everything from fair housing laws to tax benefits to best practices in preventative maintenance. Working with us means you’ll have more time, more money, and a lot more peace of mind. We’ll take care of all the details, from finding a tenant to executing a lease to enforcing that lease. We’ll preserve the condition of your home and ensure you don’t lose money to things like vacancy, turnover, and legal mishaps. Contact us at Gulf Coast Property Management, and make the most out of your Sarasota rental property.
What We Offer
At Gulf Coast Property Management, we offer our investment clients a chance at a better, more profitable rental experience. We want you to make more money, but we also want you to enjoy your experience as a real estate investor. Let us show you how you can earn more and spend less, and how you can invest with fewer headaches.
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.