Connecting You To Better Living®
Call me old-fashioned, but I still prefer to go see my doctor when I’m feeling sick. I could go online and attempt to self-diagnose and try some things that Google Search has curated for me, but when it comes to my health, I prefer to invest in working with an expert. Living my healthiest life seems worth the time and expense.
The general idea behind investing is to commit to an asset that will make money while you sleep. You’re looking for passive income and you want your money to work for you. Real estate investment puts a check in all of these boxes, if you can skillfully identify properties and scenarios with the greatest upside.
Oftentimes, when property owners are new to working with a property management company, they’re a bit hesitant and cautious, the way many people are when they take their vehicles to the mechanic. It’s natural to be skeptical when it comes to high ticket items like cars and houses and with homes it’s even easier because most people have more experience with property upkeep or collecting rent than they might have diagnosing an odd sound coming from the engine.
There’s no doubt that the residential housing market is a bit stuck across the country due to low supply and unfavorable interest rates. According to the National Association of Realtors (NAR), there were roughly 15,000 CT homes on the market in January of 2019. This January, that number was a paltry 3,600!!!
As of 2023, 66% of American homes have a pet and 78% acquired a new pet during the pandemic. With over 65 million households owning a dog, and millennials being the largest pet owning age group, it’s inevitable that successful landlords are going to need a plan and may need to be more flexible than they have been in the past if they want to maximize rental property returns.
Jesse Mayo is the owner and operator of Nexus Property Management’s Worcester, Massachusetts franchise office. He opened his doors in 2020, during the Covid pandemic, and due to early success recently bought and moved into a new mixed-use building on the corner of West Boylston and Mountain Road up in Greendale.
Nexus Property Management® offers franchise opportunities from coast to coast and has four offices right here in New England.
Those property owners who take advantage of professional property management overwhelmingly applaud and support this model for real estate investment.
One major goal everyone should have as property owners is to create hassle-free tenant experiences. If you’re providing the value you promised, tenants aren’t upset and that means there’s limited conflict and you can rest easy. The worst-case scenario is that there’s some issue that you just can’t fix, something that lingers, that just won’t go away and let your tenants forget that you exist.
Basement apartments come in all shapes and sizes and quite often basements can be fully furnished and renovated into great places to live and rent…but that is not always the case. In Arizona, where most of the properties we manage are relatively new, many having been built in the last 40 years with the oldest dating back to just the 1950’s, basement tenancy may be more appropriate.
Nexus Property Management
National Franchise Headquarters
49 North Union St
Pawtucket RI 02860
