Live.Laugh.Denver. Live.Laugh.Empower. June 17, 2024
We love to educate you about building long-term wealth through real estate whether converting your home into a rental when you buy a new one, investing in a vacation home, or investing in a multi-unit, real estate investing can be a great option.
That said, anything that is worth it, is always a bit of work, too, right?
Here is a little cheat sheet on what goes into setting up and marketing a rental. We also advise you to consult with an accountant, attorney, insurance agent, and financial advisor when making your long-term plan, and considering liabilities and tax consequences. Hey, you know what they say, it takes a village!
Thinking maybe a full-service property management company is right for you? While we do not offer those services, reach out, we can help you with recommendations. While fees vary, full-service property managers tend to charge 8-12%.
If you are looking at a mountain property and planning to short-term rent it (Airbnb/ VRBO, etc.), we highlight advise engaging a property management company that specializes in short-term rentals. This can run anywhere from 20-30%, depending upon where, and what they include.
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How will you thrive at home in 2025?
Buckle up buttercup, debt is not bad. If anything, you need debt to build up your credit history.
Maximizing your investment and your lifestyle, while securing your financial future.
Live.Laugh.Denver. Real Estate Group is a “teamerage,” combining the strength of top-tier real estate agents with the independence of a brokerage. By bringing these areas together, we are elevating the client experience because we empower real estate agents to do what they do best without the traditional burdens and limitations of the real estate industry.
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