When it comes to property management, the rule of thumb says expenses take up around 50% of your income.
Read that again.
Around 50% of your rental income will go directly to the expense column.
It may not happen with the first property or the next — but as you grow, the expenses eventually add up across your assets (repairs, new roofs, vacancies, and so forth).
It goes without saying: The way you manage your properties can make or break you as an investor. Of course, with commercial investments, your NOI is directly tied to your valuation (and your equity!), making effective management even more crucial.
Beyond raising rents — which has been covered here — what are some effective ways to unlock profits? Here are three quick tactics that will boost your portfolio bottom line.Read More