Most St. Louis real estate investors know that vacancy can cost a lot of money. When your property isn’t occupied, you’re not earning any rent. You’re also paying for maintenance, upgrades, cleaning, landscaping, and extra security.
There are dozens of excellent reasons to hire a professional St. Louis property manager. One of the best reasons is when you’re living outside of the area. It’s difficult and stressful to manage an out-of-state investment property. You can’t run over there to respond to an emergency maintenance issue. You can’t drive by once in a while to ensure everything looks okay. Showing the home when it’s vacant is complex, and you’ll find it difficult to keep up with all the local and state laws that pertain to rental property.
We have often advised St. Louis rental property owners about the importance of inspections. By conducting routine property inspections, you can save money on maintenance costs. You can also document the condition of your property and ensure your tenants are following the terms of your lease agreement.
Many rental markets across the country have suffered during the COVID-19 pandemic, with rental values dropping, vacancies rising, and rent going unpaid. In St. Louis, we have had much better luck. After a couple of uncertain months early in the pandemic, our rental...
St. Louis is a dynamic rental market with some outstanding opportunities for real estate investors. When you’re smart about your investment decisions and you stick with a sound strategy, you can expect to earn some short-term cash flow and watch your investment...
Establishing a competitive rental price will help you rent your property quickly to some of the best-qualified residents in St. Louis. This is an important strategy for your current cash flow projections as well as your long term returns. Rental value depends on a...
