Rental Property Management
For rental property owners, professional management services are a critical investment. A diversified portfolio of property types comes with a host of responsibilities and considerations. Northpoint Asset Management will assess your goals and needs to simplify decision-making. Whether you own a residential or commercial property, our team is experienced in both everyday operations and strategic performance optimization.
Call Us TodayComprehensive Services for All Rental Property Types
Property rentals are an investment vehicle that generates substantial income for owners. They not only offer steady cash flow, but also have the potential to appreciate in value over time. This, in turn, enhances the value of your overall portfolio, which is why real estate is seen as such a stable asset. Diversifying through real estate acquisition and leasing can also lead to significant tax benefits when it comes to depreciation, mortgage interest, and maintenance costs. These benefits hold true for a range of rental property types, especially when you work with a professional to handle it all from beginning to end.
Managing rental properties takes a great deal of knowledge and skill. While an owner doesn’t always have the time and resources to be involved in every aspect, they can rely on an asset management company. A specialist will be aware of relevant laws, market conditions, and financial projections. At Northpoint, our asset managers will drive performance through metrics like occupancy rates, net operating income (NOI), cap rates, and return on investment (ROI). We offer comprehensive management services for rental properties like:
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Multi-Family Units
These are single buildings divided into multiple housing units. They may include duplexes, triplexes, and larger apartment buildings or condominiums. By definition, it means they share at least one wall with their neighbors, whether they’re built side-by-side or stacked on top of one another. Townhouses fall under this category, too, even though they may appear similar to a single-family home.
Apartment Complexes
A complex refers to multiple apartment buildings that are under one ownership and plot of land. These developments can be low-rise or high-rise constructions that are three or more stories high and might include hundreds of units. These properties sometimes have common areas and amenities like elevators, pools, laundry rooms, and gyms on-site. They are most often found in cities where they can be conveniently located near shopping centers.
Commercial Properties
A commercial property is used for business activities, which means it includes office spaces, retail stores, or warehouses that an owner leases to a business. A lease agreement is set in place to facilitate business operations, and these properties are valued based on their market demand and potential to generate income long-term. Despite carrying certain risks, they’re a solid investment option because of their long-term appreciation.
Short-Term Rentals
These short-term rental properties are booked for days or weeks annd often reserved through online platforms and marketplaces. Also known as vacation homes, these properties are a lucrative investment with plenty of money-making potential. They require much supervision in order to attend to the guests’ needs, ensuring that they are vacated on time and kept in good condition.
Contact Us to Manage a Rental Property Near You
Hiring an experienced asset manager for the rental properties near you will make a real difference. Your income-generating real estate plays a strategic role in growing and stabilizing your investment portfolio. Partner with us and maximize your income without the stress. Northpoint Asset Management is here to assess the performance of your properties. Our professionals will handle every aspect of the leasing process and advise you on asset-planning best practices. Call us today for a consultation.