There are a number of reasons that investors need McMath Realty to provide Phoenix property management for their investment properties. Today, we’re sharing the top three reasons.
Phoenix Property Management Investment: An Example
Thirteen years ago, a couple came into our office and said they wanted professional management for a property they owned. They bought this home for $173,000, and put $41,000 down. Their initial investment was $41,000, and over this 13-year period, they have earned a net profit of $155,000. Out of that $155,000, they made house payments and HOA payments and had other expenses. We don’t know what the interest rate was on their loan, but we do know that their mortgage was reduced considerably. So, they’re selling the home now and it has appreciated to the point that it’s worth $61,000 more now than when they bought it. This means off their $41,000 investment, they saw a $61,000 increase just in appreciation alone. There’s also whatever cash flow they made during that time period plus whatever savings they had on taxes. They did quite well on this property. I’m not sure what else you need to know about owning an investment property except that over a long period of time, it makes you a lot of money.
Why Choose McMath for Property Management in Phoenix
We have an in-depth understanding of the rental market all across the Valley of the Sun. Wherever you’re thinking of buying a rental property in Maricopa County, we probably have a home we’re managing in that area. So, talk to us about rental rates and what you can expect to earn.
McMath Realty has worked with many investors to help them figure out their specific goals for owning a rental home. You may be more interested in long term gains or a short term cash flow situation. In any case, we can help you find the best home or at least advise you on the best home for you in any scenario.
Finally, we have helped many investors buy homes and do well. As the example above shows you, we can make more money for our clients.