Hello dear peter-pavel.com readers, today we want to tell you about this secret in property management filed. We know that it is hard to maintain your property in good shape, but you need high volume services (no matter what kind of services they are) on a very good price. This way you will receive the rent and after the fixed and varied expenses you will make a profit, the less the fixed expenses are, more money you make.
After you become profitable or even a break even, you can hold the property for someone to buy it at higher price that you gave at the first time. This has a risk of course – you might be “underwater” when you sell it, or you cannot find any tenancy candidates. In this particular situation you may go bankrupt, but let’s be optimists and tell you how to make a profit and be happy.
When you own a lot of properties (if you own one – just clean it yourself) you need repair services, cleaning services and more. You need to partner with one or more companies that provide somewhat good service (not premium, you do not need that) and very good prices for this service. The price is a key, but you have to have results and the people living in your property are happy and pay you on a regular basis.
On the point of the article – regular cleaning SW19/Wimbledon service is a secret that many property owners keep, when you go to a cleaning company and have multiple properties you can and must negotiate for huge discounts and most of the company you sign you as a client with extremely small profit. This way you will raise your profit and lower your expenses.
Do you have some secret as well that you want to share? Please comment!
Have na nice day, and do not forget to sahre this article.