Petersburg area, resulting in highly–profitable investments.If you need professional and courteous property management experts for your multifamily, single family, condominiums or town home, you've found the right company!

If you are consistent with these action items you will avoid most claims, your business will be more profitable,  operate more efficiently and if a claim were to arise you will have all your ducks in a row. 

A $500k property should produce gross annual income of +/- $50K but can generate as much as $65-70k with the right location and amenities like a hot tub.

This of course can be scaled up as well for better profits, if you have a 1 acre lot, you can probably fit 2 buildings with 4 units each (depending on zoning requirements), or 4 buildings on 2 acres and so on.

And what I mean is the business is not profitable until you add at lease 100 doors.  

If you build your investor network while working on wholesaling skills, when you find a real deal you can sell it for a profit.

@Chinku Chinku the rich get rich by making their money work for them.They borrow at one rate, to invest in something that returns a higher rate - they profit on the difference.Only you can evaluate your risk tolerence though.

For flips, ensure the profit margin after all costs is at least 20%-25%.

But, the profit margins look to be eye-popping, sometimes on the order of 10X or better.

Stay tuned for our next blog on tenant retention strategies for long-term profitability!