Investing in real estate can significantly impact your bottom line. When it comes to rental properties, houses with long-term tenants can reduce the need for frequent and costly renovations, unlike multi-unit properties that often require more maintenance. By offering warranties and utilizing our skilled rehab team, we ensure minimal post-tenant maintenance costs, ultimately boosting our clients' profits.
Opting for single-family homes over multi-unit complexes presents advantages such as fewer maintenance issues with just one heater and one hot water tank. Additionally, we provide a warranty for the first year to address any potential concerns, offering peace of mind to homeowners.
While the allure of apartment complexes may seem appealing, the financial commitments and the necessity of partners can significantly impact your income and equity. Recently, a client faced unexpected repair costs totaling approximately $1 million on a property, highlighting the importance of seeking multiple opinions before finalizing deals.
Choosing to invest in single-family homes allows for full ownership, maximizing equity and income potential. With our proven track record of delivering returns between 20% to 23% on our clients' portfolios, the decision to invest in multiple homes rather than tying up funds in apartments can lead to greater financial gains.
Location plays a crucial role in attracting high-quality tenants, emphasizing the value of investing in areas like Mayfield Heights, Ohio, where desirable properties can offer lucrative returns (they cost $2-$7 million dollars). With over three decades of experience in real estate investment and a solid background as a Realtor, I have successfully generated substantial wealth through strategic investments in single-family homes, showcasing the benefits of owning real estate independently or with minimal partners.
Need Real Estate that makes sense for you and your family?
Contact Brett 216-703-5740 Key Realty and Property Management
Schedule a 15 Min Meeting w/Brett
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