How Are Real Estate Investors Fairing During the Pandemic
With the COVID-19 pandemic still rearing its ugly head (and the likelihood that it will continue to do so going forward), many investors are faring much better than they had originally anticipated during this crisis. One area in particular that is doing quite well is real estate.
In fact, in many areas of the country today, property sales at soaring, due in large part to extremely low mortgage rates. With that in mind, it could be a good time for you to consider picking up one or more additional properties (i.e., income generation sources).
If so, why should you limit yourself only to real estate investments that are located in close proximity to where you live – especially if your income and return on investment could be better in another locale?
Looking to Expand Your Real Estate Portfolio?
If you’re looking to expand your rental portfolio, you may or may not want to confine yourself (and your investment dollars) to your immediate area. But even though owning property in another area of the country may provide you with more cash flow, long-distance real estate investing can also come with some significant challenges.
For instance, screening and managing tenants from hundreds (or thousands) of miles away can be extremely difficult, as can responding to property maintenance issues and emergencies. Even with the ease of communicating virtually today, maintaining tangible investments can still require personal attention. But that attention doesn’t have to be yours.
We Can Help
If you’re considering the purchase of rental real estate in Orlando and/or the surrounding Central Florida area, Central Florida Property Management can help. We’ve been making lives easier for investment property owners – and their tenants – for over a decade.
So, if you’d like more information on how we can assist you, feel free to reach out to us by phone at (407) 429-4834, or send us any questions that you may have by contacting us. We look forward to hearing from you.