If you’re looking to invest in property with the view to renting it out for profit, whether you’re a seasoned investor or it’s your first foray into the market, it’s vital you become as informed as possible. But understanding the ins and outs of property investment isn’t limited to finding out the size of the mortgage you can afford – although, of course, that’s very important. The first thing you need to make a decision on is where you’re going to make that all-important purchase, because location is the most crucial part of the equation if you want to turn a profit. In fact, it’s so important, people in the industry often like to repeat themselves…
Location, location, location: Rochester, NY, ticks the boxes
We’ve all heard the cliche, but it’s absolutely true that location should be your first, second and third consideration when you’re getting into property investment – and, right now, Rochester, NY, is on everybody’s hot list. Why? Well, not that we’re biassed or anything, but we could wax lyrical about this wonderful city for hours. We’ll delve a little deeper into the main points later, but here, in a nutshell is why everybody loves Rochester!
- Great standard of living
- Low cost of living
- Plenty of employment opportunities
- Superb infrastructure
- Strong economy
- Sustainable future growth
- Good range of cultural activities
- High demand from quality tenants
- Excellent selection of properties with proven capital growth
As one of the city’s most respected property management companies, Rochester NY is home for Torres Turn Key. We’ve been helping our customers with advice and service for many years, and we pride ourselves on being genuine experts.
Local, local, Local
Dealing with a local agency is extremely important when it comes to purchasing real estate. Understanding a city from the point of view of geography, economy, demographics, local infrastructure and more, is key to matching an investor with the right property to meet their expectations. It’s not simply enough to hear that the Rochester market is ‘hot’; if you’re going to spend your hard-won money with the view to making a profit, you need advice from an expert with a broad and nuanced understanding of the current and historic market.
At Torres Turn Key, we’re your local eyes and ears and, as one of the few full service property management companies, Rochester NY is our favorite topic. We know everything there is to know about the city (past and present) because we live and work here ourselves. Our team of professionals has worked with domestic and international investors for over fifteen years, and we’ll be with you every step of the way in your journey: from finding the ideal property for you, to finding quality tenants, collecting rent, taking care of maintenance, and everything else associated with managing a rental.
How we can help
We’re not one of those run-of-the-mill property management companies – Rochester NY isn’t just another dot on the map for us. We’re genuinely passionate about helping ordinary people achieve their investment dreams by becoming landlords in one of the most exciting markets in the country. Over our many years of experience, we’ve found these are the most common issues or concerns new investors experience:
- They’re not sure how to get started
- They don’t know where to purchase
- They don’t know how to maximize their returns
- They’re too busy to manage a property on their own
Being cautious is nothing to be ashamed of – in fact, we highly recommend it! This is one instance that doesn’t suit a DIY approach, unless you have highly specialized knowledge. Consulting the experts – before you outlay any money – is essential if you’re going to make a profit and achieve your financial objectives.
How we do it
The great news is that Torres Turn Key specializes in helping our clients at every step of the process, and that means we offer:
- General advice on buying, selling and renting
- In-depth, informed information of the local Rochester market
- Proven advice on maximizing your portfolio
- Full service property management
Getting down to specifics
Remember we mentioned the general reasons Rochester has become so popular as an investor’s market? Here’s where we get specific – which, incidentally, is our point of difference from many other property management companies. Rochester, NY is our local area, and we’ve helped many, many investors just like you with sound advice on the best property to suit their needs and financial expectations. We have an in-depth knowledge of the local market and why it’s such a profitable one for those who invest wisely. These are our top three reasons:
The cost of living: The city is genuinely affordable compared to many others around the country in terms of important factors like food, transport and all-important healthcare. Why does this matter? Because a reasonable cost of living will encourage population growth, and population growth supports a high demand for rental properties.
A genuinely cultural city: Never underestimate the power of culture to attract (and keep) people to a destination to live. There’s so much to see, do, experience and enjoy in this wonderful city and its surrounds, and this is a huge aspect of its popularity.
The burgeoning job market: Obviously if there are plenty of good jobs available, this will encourage more professional people to move here. And when people have secure, well-paying jobs, they can afford to pay their rent – simple!
Of course, that’s a very brief summary of why the market is so attractive to people considering a permanent move, but we invite you to get in touch with us so we can help you understand more. We’re never too busy to talk to a potential investor, even if you’re just at the beginning of your journey – in fact, that’s the best time to talk to us.
Our property management services
The best thing about Torres Turn Key is that, as a full service agency, once we’ve helped guide you towards your exciting investment purchase and you’re ready to start maximizing its profitability, our comprehensive property management services will take away the stress. Our vast experience means you can rest assured that your property will be tenanted, maintained, and managed professionally – helping you achieve your financial goals without the hassle and time of having to take care of the details yourself.
Thinking of investing in Rochester? Get in touch!
For anyone considering investment in property, the old caveat emptor (“let the buyer beware”) is never more pertinent. With a financial commitment this large and binding, it’s absolutely imperative you take professional advice. When it comes to property management companies, Rochester NY certainly has a wide selection – but not all are created equal. At Torres Turn Key, we understand the market so we can offer advice and insight before you outlay any money.
Our years of experience afford us the know-how to take care of all those worries…
- You’re not sure how to get started? CHECK
- You don’t know where to purchase? CHECK
- You don’t know how to maximize your returns? CHECK
- You’re too busy to manage it on your own? CHECK
Get in touch with one of our friendly, experienced team members and let us work with you and help you realise your financial goals.