Interested in Investing in Single Family Homes? Don’t Make These Investment Mistakes! 

October 3, 2019

In 2019, single-family homes are still ideal to most investors because they like the return…

In 2019, single-family homes are still ideal to most investors because they like the return on investment that single-family properties can offer them. 

As a highly rated management company we can tell you that there are a few mistakes that you don’t want to make when you invest in rental property: 

#1 Not Being Prepared 

If you plan on financing a single-family home you should absolutely be prepared and ready to walk into your bank or lenders office with all of your paperwork ready because lacking one piece of financial documentation could make getting the financing that you want more difficult. 

#2 – Not Knowing the Numbers    

Before investing in a single-family home, you must do the numbers and make sure you understand everything about the deal including how much the property will cost, what your monthly expenses will be, and most important of all, what you can rent the property for on a monthly basis. 

#3 – Not Having A Property Management Team in Place 

Last of all, but most important, another big mistake that you don’t want to make when investing in a single-family rental property is the mistakes of not having a property management team in place. 

Hiring a property management company is important because they will save you the time and hassle of managing that property yourself so you can focus on growing your portfolio of investment properties. 

You have better things to do as an investor than focusing on collecting the rent, making repairs or handling customer service. Let your property manager handle those details so you can enjoy passive income from your rentals.  

Get San Diego Property Management 

For professional property management contact us today by calling (800) 294-4656 or connect with us through our website. 

Elly Johnson

Elly Johnson stands at the forefront of content research and online branding at Utopia Management. As the Content Marketing Manager, she delves deep into understanding local real estate and rental markets, fueled by her passion for travel and keen research skills. Elly is dedicated to empowering individuals with the knowledge they need to make informed decisions about where to reside. A proud alumna of the University of South Florida, located in the vibrant heart of Tampa Bay, she holds a Bachelor of Arts in Psychology. Her academic background and extensive travel experiences uniquely position her to provide insights that resonate with diverse audiences.

Subscribe to our Weekly Newsletter

Subscribe to over 10,000 homeowners who get exclusive insights on Property Management Strategy & Operations and Tenant Relations & Retention, delivered straight to your inbox.

Subscribe to our weekly newsletter

"*" indicates required fields

By filling out and submitting this form, I consent to receive marketing emails and SMS messages from Utopia Property Management.

You may unsubscribe or change your preferences at any time. Your personal information will be handled in accordance with our Privacy Policy.

Get in Touch with us:

Get in touch

"*" indicates required fields