- October 2013
- Posted By JohnnyG
- 0 Comments
If you are looking for a good investment in Jacksonville, investment properties might be a good choice because now is a good time to buy. The real estate market is bouncing back from recession, but interest rates are still low enough that buy an investment property can be a great idea. There are all kinds of different investment strategies. Some people play the stock market, others invest in stocks and bonds. Unfortunately these investments hold a lot of risks and fluctuate greatly. If you want an investment that has tangible assets, ones that are offer a much more consistent income potential, real estate is the way to go.
One of the reasons why real estate is a great investment these days is that everyone at one time or another needs housing. Businesses are always looking for space for their offices and other warehouse space, so you will have a steady stream of income coming in. In many case these properties are turn key investments, meaning that when you buy them you will be able to turn a profit with little or no effort. Sure there are going be some properties that may need some improvements, but the nice part about this is that you can invest a decent amount for improvements, but then your investment is worth even more when you’re finished, and you can charge more rent.
The biggest problem is that while there are people interested in investment properties Jacksonville, they don’t really know the first thing about managing residential or commercial buildings. Each type of property is different, needing different managerial services. Residential properties need someone who can take care of collecting rent from each unit, whether an apartment or a home. Residential properties need different maintenance services than commercial buildings, and you often have to coddle residential tenants more than those leasing office or warehouse space.
These are just some of the things you need to know about investment properties, there are many others. While the return on investment can be high, there are many responsibilities as well. While some investors live in Jacksonville or nearby, others may live hundreds of miles away. Either way you need a real estate capital company that can handle the everyday operations for you.
There are many advantages to using a company to handle your investment properties Jacksonville. They will collect the rent, and after their fees, paying for insurance, mortgage, and other expenses, will deposit the balance into an account of your choice. You don’t have to worry about getting tenants into the property, the real estate capital company handles applications, screening, lease agreements, and if necessary, evictions. If you live across the country or across the world you don’t ever have to worry that your investment is being taken care of.
A good company will have been in the business of investment capital for a long time. They will be licensed, bonded, and insured. They need to know all the ins and out of rental agreements, and may even have an attorney on hand to take care of legal matters. While a good company will only need to contact you if something goes wrong, when you call them, they will be able to answer any and all questions you have. A good company is going to have fees that are reasonable. For getting vacancies rented, the fees are usually half of the first month’s rent. For general managing collecting rent and other daily activities, the fees are usually 6-10% of each tenant’s monthly rent.
If you have investment properties Jacksonville, and are looking for a reliable company, look no further than JWB Real Estate Capital. They have been in the business of helping real estate investors for many years, and can help you with all you needs and concerns as well. If you are interested in finding out what services they offer, go to their website at www.jwbrealestatecapital.com.