In the world of Real Estate Investments, Single Family Homes (SFH) can be an attractive way for the first time investor. It can be used as a way to start a portfolio or add to your portfolio and often times can be acquired for a relatively small amount of capital. They are simple to maintain and easy to rent in the Phoenix market and they can cash flow quite well for you.
There are many ways to look at the rental income of a single family house, but the easiest way is to use the spreadsheets that we teach our investors to use. This way you, the investor, will understand the methodology that Gerchick Real Estate uses to analyze an investment for you.
These factors, coupled with our Team Gerchick’s advisers and referral partner network can make your property rentable in a matter of days.
While many investors think that they can do the management for this type of investment themselves. If so, you need to be asked: Do you value your time? Do you want a call in the middle of the night regarding a leaky toilet or any maintenance issue? It is always best to use a Property Management firm. Not only will your Property Manager look out for your interests, they will take care of that middle of the night call. In addition, they also file your rental tax with the appropriate governing agencies.
While we at Gerchick Real Estate do not want to see only single family homes as the only vehicle utilized to CASH FLOW your Portfolio; it is an important factor when deciding how to invest in Real Estate.