Are you searching for tips on how to increase the ROI from your Waltham Investment Property? If so, you’ve come to the right place!
In this article, we will share with you several tips that you can use for increasing the ROI from your rentals while simplifying your life at the same time.
Tip #1 – Search for Off-Market Deals
Although you may be focused on searching websites like biggerpockets.com, Zillow or Trulia on a regular basis for real estate investments, one of the best things you can do for finding great deals on area investment properties is to search for off-market deals.
This can be done by contacting owners directly or hiring a property manager and asking them if any of their owner clients would consider selling their rentals.
Taking this approach will enable you to find great off-market deals for potentially thousands less than what they are worth.
Tip #2 – Always Shop Around for Deals on Landlord Insurance
Before getting landlord insurance for your Waltham investment property, another handy thing you can do to increase ROI is to shop around for landlord insurance.
Thanks to the internet, it’s easy to get multiple quotes online and you may be able to save thousands of dollars per year in insurance costs simply by taking the time to shop around for the very best deal on landlord insurance/
Tip #3 – Hire A Property Manager
Last of all, but most important, hiring a property manager is another great way to get you more ROI from your Waltham area investment properties.
When you have a property manager managing your rental properties you will no longer have to be involved with the day-to-day management and your time will be “freed up” to focus on enjoying your life or taking steps to add more properties to your investment property portfolio.
Contact Martin Property Management
To learn more about the property management services we can offer you contact us today by calling (617) 957-0166 or click here to connect with us online.
