The world of property investing can be extremely profitable, but it can also be a very daunting prospect for anyone who is just starting out. Even for those with some experience under their belt, monitoring, analysing, and making informed decisions on the myriad aspects of the market that will affect success or failure can be very stressful.
That’s where Torres Turn Key comes in, because as landlords and investors ourselves, with many years of experience, we understand you. We know exactly what you need and we can guide you through the process of building a profitable investment portfolio, without falling prey to any of the potential pitfalls that novices often do.
When it comes to property investment, Rochester NY is becoming a highly sought after location with small and large investors. With our help, your asset can begin to generate the profits you need to live the way you want.
Here’s how we can help.
Getting You Started: Knowledge, Expertise and Advice
Having access to informed and trusted advice is invaluable when you’re embarking on what’s most likely going to be one of the largest financial transactions you’ll ever make. As well as having many years of experience in property investment, Rochester NY is home for us, so we’ve got the insider’s intel – not just on the area in general, but on every aspect of the local market. Because of that, we’re able to advise you at every step of the way, so you can be confident that the potential of your asset is maximised and that, importantly, you remain compliant in terms of the minefields of tax and legislation. From advising you on location and suitable properties to purchase, to finding quality tenants and taking care of maintenance and administrational issues, we are laser-focused on taking the stress out of achieving your financial objectives, and guiding you on your journey as a landlord.
Location, Quality, Demographic
For anyone looking to get into property investment, Rochester NY is hot, hot, hot! In fact, it’s becoming renowned as one of the best places in the country to purchase a house or apartment with a view to renting it out and reaping the financial rewards. Rochester’s appeal is only increasing, with a reasonable cost of living, positive supply-and-demand ratio, great infrastructure, strong economy, appealing lifestyle, engaging culture, and a healthy job market. But knowing that in theory, and genuinely understanding the nuances of the local market in practice are two very different things. As locals and investors ourselves, our team of consultants at Torres Turn Key know everything there is to know about the area – including remaining abreast of changes in legislation and tax responsibilities.
While having the insight mentioned above is critical from the get-go, so is the next step: ensuring you purchase a quality home in a safe, well-facilitated neighborhood. The right demographic and type of house/apartment is essential if you want to attract premium rental rates (which, of course, you do!) – so you need to consider the features that will appeal to the kind of tenants that can afford to pay higher prices. This includes things like the age of the house, having multiple bathrooms, interior size, exterior spaces, garages and the proximity to amenities. In addition, you need to consider that while a “character” house may be aesthetically appealing to tenants, it can also mean more intensive upkeep and maintenance for you – which can eat into your profits considerably. At Torres Turn Key, we take away the guesswork and ensure you’re making the right decision, before you make any huge financial commitments.
Taking the Long View
Investing in property should not be viewed as a short-term, get-rich-quick prospect. (Bear in mind we’re not talking about renovating and “flipping” properties for profit here, because that’s an entirely different thing.) As a location for property investment, Rochester NY has demonstrated consistent capital growth with no sign of the demand slowing. It is the kind of market that will deliver sustained, long-term appreciation of your asset, increasing not only its capital value, but also its rental yield and, therefore, your profits. Having that kind of peace of mind is a really important factor when entering the market for the first time.
Increasing the ROI on Your Property
Torres Turn Key is committed to helping you make the most of your portfolio, no matter how large or small, and ensuring you get the maximum possible return on investment. This means taking into account numerous indicators for your individual situation, including cash flow, appreciation, rental yields, and local economic factors. With all these elements (and more) in mind, we’re able to assess everything that will affect potential returns, and make steps to take advantage where possible and mitigate where necessary.
Quality Property Management
All the points above really come down to one thing: quality, full-service property management. Rochester is a brilliant place to invest, but the majority of people who become landlords (particularly first-timers) have very full lives and are simply too busy to manage their asset to its full potential. There is considerable danger in trying to go it alone, so finding a reliable, experienced team who not only know the local area like the back of their hands, but who will care for your investment like their own, is the best thing you can do to ensure the health of your financial future.
Here’s a snapshot of what Torres Turn Key’s full service includes:
- Advice on purchase
- Marketing for rental
- Screening tenants
- Pre- and post-lease inspections
- Collecting rent
- Handling arrears
- Regular maintenance inspections
- Emergency maintenance issues
- Staying compliant with state laws
- Helping you meet and exceed your financial objectives
- Maximizing the return on your investment
Getting into Property Investment, Rochester NY
For anyone looking to get into property investment, Rochester NY offers outstanding opportunities – and you certainly don’t have to be local to take advantage of them. Many of the properties entrusted to us are by interstate and overseas owners, attracted by our reputation for clear, transparent communication. The many testimonials we receive are proof that our skills, professionalism, and local knowledge allow us to provide a comprehensive, quality service so your investment portfolio remains profitable.