Return on investment (ROI) is an essential component of rental property management. You purchased the property to turn a profit, and to make as much money as possible, you need simple, streamlined landlord solutions. That is exactly what you will find when you partner with Fortified Realty Group LLC. From leveraging our local real estate market knowledge to price rent accordingly to stringent budgeting that protects your bottom line, our team delivers results for property owners. New Bedford, MA ROI on rental properties can make a significant impact on the value of a real estate portfolio, especially when you have our knowledgeable team overseeing leasing, tenant services, and other management duties.
ROI On Rental Properties New Bedford, MA
There are several aspects of property management that impact your New Bedford ROI on rental properties. First, it is important to make sure that the purchase price of the property aligns with rent price projections. As real estate professionals and mortgage brokers, we can protect your ROI right from the start. With deep local knowledge, our team can advise whether or not a property is a wise investment based on cost, location, and condition. Then, we will leverage market data to draft a leasing agreement and rental price that considers housing regulations and mitigates risk.
Finding a tenant who will respect your rental unit and pay on time is paramount. We assist with this process by managing screening, including verifying employment, income, and credit scores. Our staff has a vast network of connections, and we can leverage these relationships to seek tenant referrals, increasing the likelihood of signing a respectful renter.
Part of property ownership is maintenance. While it is not always possible to predict when an appliance breaks or a furnace goes out, our property managers will outline a budget for each of your rentals. These breakdowns include routine services like landscaping and snow removal, while also accounting for future needs based on inspection reports and regular check-ins. As full-service solution providers, our realty group can also pay property bills on your behalf.
We stay updated on local market trends and use this information to advise our clients on policy updates, rental increases, and other matters so that you are not leaving money on the table.
Why Experience Matters In Boosting ROI On Rental Properties
One of the biggest mistakes first-time landlords make is underestimating how much it will cost to maintain and rent their property. If you try to take these tasks on yourself, you will likely pay more than what you would for property management fees. There are lots of hidden expenses you may not consider when you manage your own rental, such as marketing costs, fees for credit and background checks, handyman costs for on-demand repairs, accounting services to remain compliant with state laws, and more. Most importantly, you need to factor in the cost of your time. Communicating with tenants, collecting rent, scheduling service, and checking in on properties takes a significant amount of time and energy that you could be putting towards other ventures or investments.
Landlords in Massachusetts turn to Fortified Realty Group LLC to protect their ROI on rental properties in New Bedford, MA, because:
- Our team has over 65 years of combined experience.
- We deliver personalized, turnkey solutions.
- We have first-hand experience as landlords and property owners.
- Our group has built an impressive real estate agent network and community to keep your rental units full.
- Protecting your investment is our top priority.
If you would like to learn how to boost your New Bedford ROI on rental properties, contact Fortified Realty Group LLC today. Schedule a free strategy call with David Ferreira and get a concrete solution to your property management challenges.