Congratulations are in order! Assuming you’ve gone through each of the previous steps in this series, you are the new owner of a rental property. Now you have a choice—you can self-manage the property or hire a property manager to do it for you. If the property is not in your state you may have no other choice but to hire a property manager, but even if the property is down the street, you may still opt to enlist a professional resource.
Miami is more than sunny skies and luxurious oceanfront properties, it’s also a sizzling market for real estate investors. With a whopping 6 million residents[i] in the Miami metro area, 75,000+[i] of which were added last year alone, and an accompanying 44,000+[ii] newly created jobs, Miami’s rental market has experienced a major surge over the past several years. Residential investment properties are getting leased quickly, averaging a mere 21 days on market.[iii] Investment property prices have also appreciated 33.3% in the past five years,[iii] while median rent rates have increased nearly 10.0% since 2011.[iii]
Investability was designed to help real estate investors like you navigate the somewhat unclear and confusing realm of real estate investing. There’s no doubt investing in real estate comes with countless benefits, but many people are deterred because they don’t feel empowered to make informed decisions and of course, don’t want to waste their hard-earned money. That’s where we come in.