The New Year is quickly approaching and as 2018 winds down it’s a great time to review your portfolio of Monterey County rental properties and start thinking about how you can grow your portfolio in the coming year.
In this article, we will share with you several things you can do to start growing your portfolio in 2019 and get more ROI from your rental properties.
Tip #1 – Create A Vendor Matrix
One of the best ways to grow your portfolio of rental properties in 2019 and get more ROI from your rentals is to create a vendor matrix. Creating this list of companies that you can call anytime you have a problem with your rental property like a repair or routine installation will save you time and the hassle of having to do everything yourself.
Tip #2 – Got A Partner? Make Sure Your Goals Are in Alignment
If you invested in your rental properties with a spouse or partner, another important thing to do before the new year begins is to make sure that your goals align.
This step is important because your goal could be to grow the portfolio while theirs is to maintain the properties that you already own so you want to find out from your partner or spouse if both of you want the same thing before you attempt to buy more rentals in the coming year.
Tip #3 – Hire A Property Management Company
Last of all, but most important, one of the best ways to grow your portfolio of Monterey County Rental Properties in 2019 without the stress of having to manage more rentals is to hire a property management company.
A property manager will save you the time, money and hassle of having to manage your rentals yourself especially when it comes to rent collection, maintenance, and property marketing.
To learn more about the services 36 North Properties can offer you contact us today at (831) 32-7116 or click here to connect with us online.