4 Ways Investors Can Help Maximize Their Profits In Athens

As a real estate investor, you’re always looking for ways to maximize your profits in Athens. Finding the best value for your initial expenditure and also helping boost the final sales or rental price of your property is key to getting the most out of each property, helping you increase your business. If you’re looking for ways to make more money as a real estate investor, here are 4 ways you can maximize your profits in Athens.

FIND LOW-COST EXTRAS TO ADD

The more amenities you can add to a property you’re selling or renting, the better your overall final sales and rent prices will be.

Adding some lower-cost extras can make your property much more attractive to potential renters or buyers, helping you fetch your initial, higher asking price.

Some ideas of low-cost items you can add to your investment properties to increase your profits in Athens include:

  • Replacing knobs and pulls on cabinet doors

  • Giving bathroom and kitchen cabinets a fresh coat of paint

  • Adding a washer and dryer

  • Changing up the landscaping

  • Replacing carpeted floors with laminate or tile floors

  • Power wash the exterior, driveway, and sidewalks

These small changes can help you fetch higher prices and improve your overall profit margins.

PRIORITIZE RENTER SCREENING

If you rent out your investment properties, you know how important it is to find good tenants who are going to stick with you long-term and pay their rent on time.

Many real estate investors who rent out their properties, however, don’t spend the time they need to on renter screening. They run a background check, meet with the potential renter, and maybe check a reference or two. This can cause big problems down the line when it turns out the tenant isn’t as great as they initially seemed.

To help increase your profits in Athens, commit to carving out time on a regular basis to thoroughly screen your tenants. Look through their credit reports, ask for bank statements, and call for employment verification to help ensure their bill-paying history. Call their listed references to see if they’re likely to flake on paying rent or cause damage to your property.

This process gives you a better chance of finding higher-quality tenants and not having to chase people down for rent.

TAKE PAYMENTS ONLINE

Tenants who pay online are far less likely to not pay their rent than those who are only allowed to pay by check.

Find a way to take payments online to help capitalize on this and improve your profits in Athens by taking payments by bank transfer, credit card, or other online payment processing.

Your tenants will be able to pay their rent from anywhere in the world they have internet access, so there’s less of a chance they will be out of town on the day rent is due and forget to leave a check before they head off. Additionally, most online payment processors come with automated email and text reminders, so you’re able to follow-up more quickly and easily – and with less expense – with those renters who have not paid their rent yet.

CREATE A MAINTENANCE SCHEDULE

Many renters are attracted to renting because they don’t have to take care of home maintenance tasks on their own. For many, this extends beyond replacing air filters and fixing leaks into items such as shampooing carpets, cleaning ovens, and cleaning out the dryer lint trap.

Not taking care of these tasks can decrease the life expectancy of some of the more expensive appliances, costing you money over time.

To help improve your profits in Athens, set a schedule for reminding your tenants to complete occasional maintenance tasks such as cleaning the oven, then checking in to see if they complete the task. You may even consider discounts or other incentives for those who participate on a regular basis.

Your Trusted Real Estate Agent Partners

If you’re looking for a trusted real estate agent to partner with and help you maximize your profits in Athens, contact us today at 706-426-1082!

Georgui Kassaev

Georgui Kassaev was invited to this country in 1996 during the Atlanta Olympic games. The first place he came to call his home after leaving Russia and performing all over Mexico, was Athens. He became a professional mixed martial arts fighter, then coach, and eventually obtained two black belts in taekwondo and Brazilian jiu-jitsu. He formed a specialty carpentry and construction business which sparked his passion for real estate. He then rediscovered his first passion performing. After all, he has performed in the circus since he was eleven years old in front of thousands of people and then again when he was an adult as a professional fighter. In 2018 he landed his first 3 television roles. While acting, he continued developing his real estate skills, becoming a value-add investor in the Classic City and then getting his real estate license. He has now become a listing specialist in the Greater Athens Area, working with homeowners to protect their interests and get them the right price for their property! However, he never abandoned his construction roots and works with investor clients to help them buy properties based on their numbers with no aversion to making multiple offers. Georgui is fluent in three languages Russian, Spanish, and English. He is proficient in video production and social media marketing.

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