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Buying Investment Real Estate to Help Balance Your Portfolio

Investment Real Estate

Every investor wants to diversify their investment portfolios more. Well, one of the best ways is to invest in real estate, which millionaires still say is the greatest investment around today.

However, there are right ways and wrong ways to generate rental income, so you need to optimize your investment strategy. Let’s talk about how to get the most out of your investment real estate property.

Choose The Right Market

The city and neighborhood where you purchase a home can make or break your investment. An area like Salt Lake City will have plenty of incoming people, as the population grew by over 58,000 people last year.

However, don’t stop there.

Ideally, you want to find a property in an area that’s less likely to go downhill. A neighborhood with access to public transportation that’s walkable to shops or downtown areas or near a good school will be the most beneficial.

Ask around to see what’s going on with the neighborhood and see if there are any red flags like crime, excessive noise, or too many people leaving.

Choose The Right Investment Real Estate Property

The building itself is the other factor that’s somewhat out of your control as a landlord. If it goes downhill, so does your investment. 

Essentially, if you spend the money on a downpayment only to find you need to replace a boiler and roof within a couple of months, you could find yourself completely broke in no time.

For that reason, we always recommend searching diligently for a property that will last. The only time you have total control over the building is when you decide whether or not to purchase it, which brings us to our next point.

Search for real estate and always ask for as much information as possible related to the property’s history and surrounding area.

Choose The Right Realtor

Every realtor will tell you they can “do it all,” but you want to look for a realtor with experience in investment properties, as it’s very different from selling an ordinary home.

Find a real estate relocation agent who is upfront and honest with you about your earnings potential, current tenants, previous issues with the property, and everything else you need to know.

Choose The Right Tenants

Lastly, your tenants are the final piece of the puzzle in the “make it or break it” department. By choosing the right tenants, you’ll substantially limit your investment risks.

Essentially, the wrong tenant can do a lot of damage to your property or cause you unnecessary headaches. During the eviction moratorium, which is still in effect, there isn’t a lot you can do about it.

For that reason, do your diligence and find the right tenants for your property. One bad tenant is all it takes to ruin your income for the year.

Start Earning

Now that you know how to get the most out of your investment real estate property, there’s no time like the present to get started. The sooner you do, the sooner you can earn passive income.

Stay up to date with our latest real estate advice, and feel free to contact us with any questions!

4 Expert Tips for Choosing an Investment Property


Are you thinking about buying an investment property? Well, you’re in luck because in this article we are going to give you some essential tips about what to look for in an investment property.

The decision that you make when it comes to the property is crucial because, after all, you’re investing your time, money, and other resources in purchasing this property. We want to help you make the best decision possible.

Tips For Buying An Investment Property

Before you decide to invest in real estate, you must understand somethings first. Its recommended that you do your research because the real estate market can prove to be unpredictable, just like the weather.

1. Are You Fit To Be A Landlord?

When you decide to invest in a rental property, one of the first things you need to understand is that you’ll be a landlord, which can be a full-time job. Landlords are responsible for more than just collecting rent every month.

When your tenant has an issue with air conditioning or heating, it is your responsibility to fix it. You become responsible for payments, repairs, paying bills, and more as a landlord.

2. Decide On The Amount You’d Like To Invest

Before purchasing a property, it is essential to decide how much money you are willing to invest in your rental properties. You should take into account how much work a property may need to make it habitable and estimating the repair costs of the property for the future.

Once you take into consideration the amount that you’re willing to invest, it will dictate how many properties you’re able to purchase.

3. Study Real Estate Taxes

Much like any property you purchase, there will be real estate taxes you have to pay. One of the best benefits of owning rental properties is the ability to use them as a means of tax exemption.

We recommend that you brush up on all of the expenses that qualify for tax exemption. The majority of the costs, such as maintenance and utility payments can be written off when you file your taxes.

4. Study Current Market Trends

Before making your final decision on the investment rental property, you should research the current market trends. The current market trends will give you the information you need about where to invest.

Some of the market trends that you need to take note of are the rates of renting a home, the price of home sales, and more. If you aren’t aware of the trends, you may find yourself with a property that doesn’t make you any money.

Time To Invest

Buying an investment property is a big decision to make. That’s why we provided the tips above to help you make the best decision possible. Remember having an investment property takes also will put you in the position of becoming the landlord.

If you need help deciding on the perfect property to purchase or looking to sell a home, contact us today.

How To Find & Work With a Property Manager

Making the decision to work with a property manager or management company is not one to take lightly. After all, having an investment property is a big undertaking in itself, you defiantly need a reliable property manager to entrust it to. Hiring the right property manager will defiantly make the rental process much easier for you in the long run.

Here are a few tips when looking for one to hire.


Do your research.


Find out how many other properties they manage and how many are vacant.


  • How do they advertise property that is available for rent?
  • Are there any negative reviews about them?
  • Check with the Better Business Bureau and Real Estate Commission as well.

Ask for referrals.


Real estate agents are a great resource when looking to hire a property manager.

Ask around to other property owners, who do you know that also has rental property? Who do they use? Check with the Better Business Bureau and Real Estate Commission for this as well.


Meet with them in person before hiring them.


Often your first impressions are the best way to decide. Meet with him/her to get a sense of their professionalism, knowledge etc. Get clarification on how they can be reached, text, phone call, email etc. There is nothing more frustrating than hiring someone to manage something and they are difficult to reach when needed.

Look over the contract with a critical eye.


If something seems off or unfair, ask for clarification. Do not sign anything until you are certain that this property manager best suits your needs. Also make sure the costs are in line with your expectations and other companies.

Property management is a competitive field, doing your due diligence will pay off and you will enjoy the extra income the rental property can provide by choosing the best person/company for the job.

Looking for more tips on real estate?  Check out these recent posts:


Tips for Moving with Children

Why You Should Work With a Realtor

Why Work With a Real Estate Relocation Agent?