Top Real Estate Management Tips
Whether you’ve been investing in the property management and real estate industry for years, or you’re fairly new to it all, you’re probably always looking for ways to improve your portfolio and increase your net returns.
Pinnacle Real Estate Investment & Development is a privately owned estate investment trust that operates a vast portfolio of a range of properties spanning 200,000 square feet. Our laser-focused approach has seen many investors make an excellent return on their investments and expand their portfolios far beyond their competitors.
Founder, John Taddei, is a third-generation builder with a background in civil engineering. He has been working with his grandfather and father in the industry since the age of 14. He now focuses his knowledge on a vast array of real estate investment and development projects, predominantly in New York, New Jersey, and Pennsylvania.
We’ve combined our 30 years of experience within real estate investment and development with our detailed understanding of cost estimating and project management to provide some key real estate management tips.
Stay Organized
As a real estate investor, you may be dealing with several properties at once. This requires great organizational skills and high productivity.
Pinnacle can provide a standardized structure for your projects to streamline the investment process. We employ five key activities to raise capital for real estate investments, including raising capital, screening and evaluating opportunities, and developing, managing, and selling properties.
Keep Up to Date
As an investor in the industry, you must stay up to date with everything that’s happening, including any changes to local laws and regulations or the latest real estate marking trending topics. Keeping yourself informed on what’s going on within the industry will show your clients and partners that you’re a credible and reliable person to work with.
We work closely with all of our clients to maximize their portfolios and profit through a deep understanding of the current market and its expected forecast. Our portfolio has generated over $600 M over hundreds of projects by building positive, long-term relationships with clients. We have delivered dependable cash flow and equity upside through all economic cycles over the past decade, and this will continue for our future clients
Plan Ahead
Thinking about your long-term goals and setting out a future plan is key to your success as an investor. You must consider what is to come for your business and constantly assess whether your current strategies are getting you the results you want. Our previous investors have seen rapid growth in wealth within the real estate industry with our collection of funds used for the development and management of residential, commercial, and industrial properties.
As part of your planning process, ask yourself the following questions
How is my current strategy working?
Are there any areas of the business that are lacking?
Are there any procedures that can be improved to improve my service?
Am I receiving the expected yield on my investment?
Is the real estate industry part of my long term portfolio management?
Are my investments growing? Am I selecting the right projects to invest in?
You should also consider what type of investment you’re looking at, your minimum and maximum budget, the investment portfolio (such as single-family, multi-family, residential, retail), and any potential acquisition or building costs.
Our highly diverse project portfolio is an example of the years of knowledge we have accumulated. With our extensive knowledge of real estate investment practices, we can focus your investments on projects that will provide a great return on investment.
Don’t Skip the Property Inspections
If you’re renting properties, you are also responsible for the maintenance of your properties. Making sure you stay on top of your home inspections and promptly performing any necessary repairs will ensure you retain the value of each property you’re renting. This will also keep your tenants happy, increasing retention rates and enhancing your reputation.
Contact Pinnacle Real Estate Investment & Development today to learn more about how to succeed as a real estate investor. We can provide our 30 years of expertise within the sector to help you invest in effective developments and generate higher returns on your investments.
