Experienced investors understand the value in working with both a Realtor and a Lakewood property manager when looking for new investment opportunities. For starters, two heads are always better than one – why not surround yourself with as many experts as possible? Realtors are excellent at what they do; they can help you find a good property and negotiate the terms of the sale. Property managers come with a different skill set. We understand the rental market and can help you understand what you’ll earn and spend on a prospective investment property.
Working with both a real estate agent and a property manager will help you enter the deal with as much information as possible, and it will also allow for a seamless transition from acquisition to leasing and management.
Investing in Lakewood Rental Properties: How Real Estate Agents Can Help
A good Lakewood real estate agent will be able to provide insight into the local sales market. You can talk about the type of property you’re seeking, and your agent will identify opportunities and take care of the details involved in seeing the property, studying the neighborhood, and negotiating the purchase price.
You can rely on your real estate agent during the purchasing process to help you with closing the deal. You’ll rely on their local experience in the market and their expertise in working through a real estate sales contract. You’ll also get a wide selection of potential properties to buy. Real estate agents know where the hottest new properties can be found, and they might have resources that can bring buyers to homes that aren’t even listed yet.
Investing in Rental Properties: Lakewood Property Management Help
While a real estate agent can help you see properties and negotiate the contract and purchase details, a Lakewood property manager is really essential in getting the best deal and recognizing the right investments.
Not only does a Lakewood property manager understand the local rental market, you can also count on that management expertise to estimate how much rent you can expect to earn, how long it will take you to rent the home out, and what type of tenants will be interested in your property. Your property manager can also tell you whether any work will need to be done before the property is ready for the rental market.
This information is invaluable to investors before they buy. While a real estate agent can help you determine whether an asking price is fair during a sale, that agent won’t know much about what the average rental rates are in a specific market. Each professional has a set of tools and resources that are specific to their own area.
We recommend that you work with both a real estate agent and a property manager when you’re looking to buy an investment property in Lakewood. Some companies will have sales agents and property managers on staff, and that makes it easy for them to work together and provide you with the best service.
If you’re considering a new rental property purchase, contact us at Assured Management, Lakewood property management experts serving residential landlords in West Denver and the surrounding areas, including Littleton, Golden, Wheat Ridge, Arvada, and more.