Single Family Residences (SFR): Easy to understand, liquid, and can be refinanced for cash. Ideal properties have rent near 1% of the investment amount per month, and are located in areas with high employment growth and diverse economies.

Duplexes, Triplexes, and Fourplexes: Potentially higher cash flow but with increased risk from concentrating investments. These properties typically appreciate less than SFRs and are less liquid. Purchase from reputable sources and secure excellent property management.

Multifamily Properties: Magnify characteristics of duplexes, triplexes, and fourplexes. Obtaining a loan may be difficult without prior ownership, but partnering with experienced entities can help. Invest with a reliable, reputable, and experienced syndicator to mitigate risk.

Commercial Properties: Offer stable returns without the peaks and valleys of the residential market but also require higher capital investments.  Benefits include high-quality tenants, longer leases, and predictable income. Most can be structured with triple net (NNN) leases, meaning tenants pay their portion of the real estate taxes, property insurance, and maintenance costs. Invest with a trustworthy, reputable, and experienced syndicator to minimize risk.

Hiring a professional property manager offers several advantages. Management expenses are tax-deductible, making it more affordable than many realize. Your time is valuable, and a dedicated, low-cost professional can handle time-consuming rental management tasks, allowing you to focus on other priorities and investments.

Additional reasons to hire a property manager include mitigating risks from problem tenants, navigating complex rental laws, and minimizing costly mistakes. Professional rental management provides convenience at a relatively low cost. Tax-deductible management fees make hiring a manager even more affordable when considering the potential benefits of increased revenue and minimized risk. Overall, a property manager like Wide Star can help you earn additional net income while freeing up your time to focus on other important aspects of your life.

Yes, after the tragic accident in Surfside. All commercial buildings, especially multi-tenant buildings are strictly required to complete their 40 year certification in Structure, Electrical, Roof and Fire prevention and alarm testing.  We can assist and manage this process to ensure your investment is compliant with all County and Municipality compliance issues.