How to Keep Your Real Estate Portfolio Profitable

How to Keep Your Real Estate Portfolio Profitable

There are few investment methods that have made more millionaires in as little time as investing in real estate. Real estate offers you a rare opportunity to leverage debt to control a cash flowing asset that also appreciates in value over time while increasing your equity, helping you find three different ways to profit. But not all real estate investing makes money, like all investments it comes with a risk. But with the right tools, your investments can stay profitable. Here are a few tips to help keep your real estate portfolio profitable.

How to Keep Your Real Estate Portfolio Profitable: Charge Enough Rent

The first thing that you have to do to keep your real estate portfolio profitable is to charge enough rent to cover your expenses and cash flow. When you own a rental property, the key to profit is making sure that your monthly rental income is more than your monthly mortgage payment, insurance, property taxes, and maintenance and repair expenses. If you aren’t charging enough rent, you cannot possibly cover your expenses and make money. If you find you can’t charge a competitive rent, then you need to renovate and upgrade the property so that you can charge more.

Keep Your Units Filled

Just as crucial as charging the right among rent is keeping your units filled with tenants who are paying that rent. The worst situation is to have a rental property with no tenants, because then you are on the hook for the costs. Keeping vacancies filled is critical for a successful real estate business. Make sure that you are staying aware of when tenants are moving away so that you can advertise your vacancy and have it filled as quickly as possible. Time without a tenant is time with rent, minimize it to make the most money.

How to Keep Your Real Estate Portfolio Profitable: Maintain Your Properties

The final way that you can keep your real estate portfolio profitable is to ensure that you are maintaining your properties. Real estate is a tangible, physical asset, which means you need to maintain and repair it to keep it functional and growing in value, or even holding value. Don’t neglect maintenance costs because they eat into your bottom line. At the end of the day, you need to keep your properties safe, functional, and updated for success.

Real estate is a great investment to grow your wealth and cash flow every single month. But if you aren’t running things properly you may be losing money. Make sure that you know these three tips to keep your real estate portfolio as profitable as possible.

Read this next: How to Be Smart With Your Next Home Renovation

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

 



Price Change - 3 weeks ago
$23,700
Land For Sale
Active
0.5
ACRES
LEE
COUNTY
1404 Johns Ave
Lehigh Acres, FL 33972
Lehigh Acres Subdivision
Price Change - 3 weeks ago
$24,700
Land For Sale
Active
0.506
ACRES
LEE
COUNTY
1220 Michael Ave
Lehigh Acres, FL 33972
Lehigh Acres Subdivision
New Listing - 4 weeks online
$18,900
Land For Sale
Active
0.378
ACRES
LEE
COUNTY
727 Kehosha Ave
Lehigh Acres, FL 33974
Mirror Lakes Subdivision
$189,900
Single Family Home For Sale
Pending With Contingencies
2
BEDS
2
TOTAL BATHS
926
SQFT
914 Hudson Ave
Lehigh Acres, FL 33936
Lehigh Acres Subdivision
$20,900
Land For Sale
Pending
0.227
ACRES
LEE
COUNTY
236 Pennfield St
Lehigh Acres, FL 33974
Lehigh Acres Subdivision
Price Change - 3 weeks ago
$33,700
Land For Sale
Active
0.335
ACRES
LEE
COUNTY
1926 Magenta Ave
Lehigh Acres, FL 33972
Lehigh Acres Subdivision
New Listing - yesterday
$22,900
Land For Sale
Active
0.5
ACRES
LEE
COUNTY
1711 Richmond Ave N
Lehigh Acres, FL 33972
Lehigh Acres Subdivision
New Listing - yesterday
$22,900
Land For Sale
Active
0.5
ACRES
LEE
COUNTY
1713 Richmond Ave N
Lehigh Acres, FL 33972
Lehigh Acres Subdivision
New Listing - 4 weeks online
$350,000
Single Family Home For Sale
Pending With Contingencies
3
BEDS
2
TOTAL BATHS
1,672
SQFT
8037 Gopher Tortoise Trl
Lehigh Acres, FL 33972
Town Lakes Subdivision
Price Change - 3 weeks ago
$107,700
Land For Sale
Active
0.241
ACRES
LEE
COUNTY
10021 Alabama St
Bonita Springs, FL 34135
Heitmans Subdivision
Price Change - 3 weeks ago
$75,700
Land For Sale
Active
0.173
ACRES
LEE
COUNTY
17374/376 Dowling Dr
Fort Myers, FL 33967
San Carlos Park Subdivision
New Listing - 4 weeks online
$179,000
Single Family Home For Sale
Pending With Contingencies
2
BEDS
2
TOTAL BATHS
907
SQFT
2317 South St
Fort Myers, FL 33901
Jeffcotts Subdivision
New Listing - a week online
$349,900
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,301
SQFT
984 Hearty St
North Fort Myers, FL 33903
Ridgeway Subdivision
New Listing - 3 weeks online
$409,900
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,189
SQFT
1432 SE 11th St
Cape Coral, FL 33990
Cape Coral Subdivision
$349,900
Single Family Home For Sale
Pending With Contingencies
3
BEDS
2
TOTAL BATHS
1,520
SQFT
2614 Gleason Pky
Cape Coral, FL 33914
Cape Coral Subdivision
Price Change - 2 days ago
$8,900
Land For Sale
Active
0.14
ACRES
CHARLOTTE
COUNTY
12491 Siesta Drive
Punta Gorda, FL 33955
Trop G A Subdivision
$19,900
Land For Sale
Pending
0.293
ACRES
LEE
COUNTY
3935 NW 48th Ter
Cape Coral, FL 33993
Cape Coral Subdivision
Price Change - 2 days ago
$18,900
Land For Sale
Active
0.23
ACRES
CHARLOTTE
COUNTY
3147 Sulstone Drive
Punta Gorda, FL 33983
Harb Heights Subdivision
New Listing - 4 weeks online
$49,900
Land For Sale
Active
0.23
ACRES
CHARLOTTE
COUNTY
2094 Middle Terrace
Punta Gorda, FL 33983
Hrbr Heights Subdivision
Price Change - 2 days ago
$18,900
Land For Sale
Active
0.23
ACRES
CHARLOTTE
COUNTY
1516 Sulstone Drive
Punta Gorda, FL 33983
Hrbr Heights Subdivision
New Listing - 4 weeks online
$20,900
Land For Sale
Active
0.23
ACRES
CHARLOTTE
COUNTY
23127 Wicker Avenue
Port Charlotte, FL 33980
Port Charlotte Sec 013 Subdivision
Price Change - 2 days ago
$23,900
Land For Sale
Active
0.23
ACRES
CHARLOTTE
COUNTY
18298 Ackerman Avenue
Port Charlotte, FL 33948
Port Charlotte Sub Sec 37 Subdivision
New Listing - 4 weeks online
$17,900
Land For Sale
Pending
0.23
ACRES
CHARLOTTE
COUNTY
4055 Gallo Street
Port Charlotte, FL 33948
Port Charlotte Sec 037 Subdivision
Price Change - 2 days ago
$23,900
Land For Sale
Active
0.23
ACRES
CHARLOTTE
COUNTY
18306 Ackerman Ave
Port Charlotte, FL 33948
Port Charlotte Sub Sec 37 Subdivision
$15,400
Land For Sale
Pending
0.23
ACRES
CHARLOTTE
COUNTY
3049 Christopher Street
Port Charlotte, FL 33948
Port Charlotte Sec 031 Subdivision
New Listing - 4 weeks online
$13,900
Land For Sale
Pending
0.23
ACRES
CHARLOTTE
COUNTY
2357 Salerno Street
Port Charlotte, FL 33953
Port Charlotte Sec 059 Subdivision
New Listing - 4 weeks online
$13,900
Land For Sale
Pending
0.24
ACRES
CHARLOTTE
COUNTY
13228 Chamberlain Boulevard
Port Charlotte, FL 33953
Port Charlotte Sec 038 Subdivision
New Listing - 4 weeks online
$54,900
Land For Sale
Active
0.23
ACRES
CHARLOTTE
COUNTY
7194 Rosemont Drive
Englewood, FL 34224
Port Charlotte Sec 064 Subdivision
Price Change - 2 weeks ago
$13,500
Land For Sale
Pending
0.23
ACRES
SARASOTA
COUNTY
Kravitz Street
North Port, FL 34291
Port Charlotte Sub 29 Subdivision

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