Rental property can be a fantastic way to obtain wealth in long-term situations. When managed correctly, the money earned from this kind of investment should be passive income, which is income received in regular increments that requires minimal effort from you, the investor.
Forethought is the most important step to the entire process, so you should take the time to think about the different variables involved with rental properties.
Fortunately for you, several of these systems have already been put in place so you don't need to reinvent the wheel. Garnet Real Estate Services can provide you with the most current listings in The Twin Cities Area, St.Croix Valley and Western Wisconsin.
Deciding the location of an investment property
Garnet Real Estate Services can supply you with an active list of potential investment properties for sale in the Twin Cities Area and Western Wisconsin.
Rental Area Assessment
It is important to have knowledge about the potential renters for your areas of interest. Garnet will provide you with a market analysis with actual rents in any particular area.
Assess Needed Repairs
Garnet Real Estate Services will provide you with an assessment of needed repairs and/or suggestions that will help you achieve the best return on your investment and also help insure the quality and safety of prospective tenants.
Fix and Flip Analysis Report
Garnet Real Estate Services can help increase the chance that you won't pay too much for your next flip. Garnet will calculate the potential profit by providing you with a report that highlights the strengths of the deal, including the number breakdown, photos of the property, graphs, charts and more!
Rental Property Calculator
Garnet Real Estate Services can quickly analyze your investment property potential using a comprehensive rental calculator. The report provided will analyze the cash flow, return on investment and more.
70% Rule Calculator
Garnet Real Estate Services will run a calculation using the 70% Rule. This calculation is designed to help you quickly determine the maximum purchase price and to help you to avoid paying too much for a property.
The 70% Calculator is based on the "70% Rule of Thumb" which states that when rehabbing you should pay no more than 70% of the after repair value, less any repair costs or other profit needed.
Making the Purchase
Your Garnet Realtor can assist you with the purchase of the investment property with over 20 years of real estate and investment experience. You will not pay Admin or Junk Fees saving you more up front costs.
Once you have made the decision to purchase your investment property, Garnet Real Estate Services can let you do what you do best, while we locate, place and manage the tenants for you.
Current Interest Rates
Frequently Asked Investor Questions
- Rents are due from the tenants on the 1st of each month. Our goal is to have a direct deposit initiated to your account by the 15th of the month. This may vary due to weekends, holidays or late tenant payments. The ACH Direct Deposit will reach your account within 2-3 days after it is initiated by Garnet. The deposit will include rents collected minus the management fee and any repairs or expenses. You will have Statements uploaded to your Owner Portal each month.
- Laurel in her role as Real Estate Broker, takes a personal approach ...
- Licensed MN Realtor and Property Manager, Todd Anderson has been a Real ...
- Judd's reputation for excellence is based on many years of managing HOA/CIC ...