Owning a residential rental property can be a profitable investment, but it often comes with its share of challenges and concerns. Partner with a skilled San Antonio residential property manager to save both time and money. Let us manage your San Antonio Rental Property.
BMI residential property managers follow a proven process throughout the rental cycle, maximizing everything from marketability to rental price. And if there’s any maintenance required, we’ve got you covered. Our licensed and insured vendors will take care of it. Trust the power of the process and enjoy the peace of mind a good property manager provides.
Get your San Antonio property listed in all the right places. BMI’s marketing method is built on years of experience to get your property producing maximum income for you as soon as possible.
We strive to get your investment rented quickly, but it is important to get the RIGHT tenant versus the FAST tenant! Often people think they need to do a quick credit check and verify employment, but there’s more to it than that. Our screening process includes thorough background and credit checks on each potential tenant to assess the likelihood the tenant will fulfill the lease terms and responsibly care for your rental property.
We have found that an effective tenant screening process will answer four critical questions to determine whether an applicant is the right tenant for a property.
Is the applicant who they say they are?
Can the applicant afford this property?
Does the applicant have a history of paying their bills?
Will the applicant be a responsible resident and take care of the property?
Important Note: All applications are processed without regard to the race, color, religion, sex, handicap, familial status, or national origin of the applicant and follow Fair Housing Guidelines.
*Criminal checks only look into convictions.
Cash Flow:
If your goal is to generate cash flow from your property, renting it out may be the better option. You can collect monthly rent from your tenants and potentially earn a profit after expenses. However, if you need a lump sum of cash, selling your property might be the better option.
Real Estate Market Conditions:
The current real estate market in San Antonio is highly competitive, with prices continuing to rise. If you sell your property now, you could get a high price, but it may be challenging to find a new property to invest in at a reasonable price. On the other hand, if you decide to rent your property, you could benefit from a steady income stream, as the demand for rental properties in San Antonio is always high.
Long-Term Investment Goals:
If you're looking for a long-term investment, renting your property might be the better option. San Antonio's population continues to grow, and the demand for rental properties is expected to remain high. You could hold onto your property and continue to collect rent for years to come, potentially earning a significant return on your investment.
Ultimately, the decision to rent or sell your property in San Antonio depends on your specific circumstances and investment goals. It's essential to evaluate all the factors and consult with a real estate professional to make an informed decision.
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