When it comes to maximizing the value of your single-family rental (SFR) investment properties, there are a lot of details to monitor. Do you have all the investment property management pieces in place for a successful 2023 for your SFR investment properties? We’ll explore three essential elements that can help you get there, whether you own 10 properties or a portfolio of 10,000 homes.
Keeping your landscaping looking sharp for your customers and visitors is a year-round undertaking, and lawn winterization is an important step that shouldn’t be neglected. Here’s a handy checklist to help ensure your commercial landscaping team takes the steps needed to prepare your property’s turf for the season.
Your property’s parking lot is quite possibly the most underestimated threat to your commercial facility’s budget and appeal—not to mention safety of your clients, visitors or guests.
Managing multiple residential investment properties requires strong local partners. Property services providers are key to keeping your assets in good quality condition. This means shorter vacancies, local code compliance and potential financial savings realized from regular maintenance.
For mortgage servicers, preservation services are critical to ensuring the properties you are responsible for are preserved and maintained in a manner that complies with regulatory requirements and local code compliance, but finding a provider that checks all the boxes on your needs list can be challenging. After all, you’re entrusting them with a lot, from securing the property, removing any debris, conducting regular lawn maintenance and winterizing when necessary.
As fast as the SFR industry has grown in just the past few years, it has been a challenge for owners and operators to have all the knowledge, skills, manpower, and bandwidth to handle the many facets required to successfully grow and operate a profitable portfolio, whether it’s 10 properties or 10,000. Some investors may be great at financial analysis and modeling, while others have experience in construction or development. Then there are those with a property management, maintenance, operational or leasing background. Others may have all of the areas of expertise at the corporate level, but need partners to implement at the local market and property level across the entire lifecycle of a home.