Maximizing the Return on Your Real Estate Investment

Maximizing the Return on Your Real Estate Investment

Our goal with each and every one of our Owners and their rental properties is to ensure high level performance throughout the entirety of their ownership experience.  We specialize in making bad situations profitable.

Here is an example of a property in Polk County we were able to Buy, Rehab and Rent quickly and efficiently to produce high level returns:

-This Single Family Residence was purchased in the Fall of 2019 for $179,000 using conventional financing.

-The previous owner was renting the property for $1,100/month.

-An Inspection was performed by our team to determine what could be done to increase the homes rental potential without breaking the bank. 

-We spent just over $13,000 and the next 2 months rehabbing the property.  This included exterior repairs, a new kitchen install, interior painting and new lighting fixtures.  We have attached the invoice below for reference.

- Once rehab was completed, we listed the property for rent at $1,475 and had a quality tenant placed within a week.

Now one year later, should the tenant choose not to renew their lease, the property will be listed for rent at $1,600/month.  That’s $6,000 more per year than the original rental income!

If you have a Rental Property that is under performing, don’t wait any longer!  Contact Us Today!   

3802 Creek Way Invoice

Author

Dave Sigler, MPM RMPC

Owner/Broker Vintage Real Estate Services

David Sigler is a Florida native who grew up in Fort Lauderdale Florida. He attended the University of Central Florida where he received his bachelor’s degree in Business Administration. David has since become a licensed General Contractor & Real Estate Broker. He has been active in Florida real estate and construction for over 15 years. During the Great Recession he was forced to refocus his ambitions and landed on property management. Starting with a handful of homes that could not be sold, he grew his portfolio and eventually bought the brokerage. With his experience, knowledge, and resources, his company prides themselves on successful turn-key residential investment solutions. He now manages hundreds of homes covering 5 counties and his construction company provides maintenance services to his management company as well as other local managers. David is an active member of the National Association Residential Property Managers and has served on the Florida State Board for over 6 years in many different roles; most recently as the NARPM Florida Chapter President (2019). Active in the GTR community, he has served on the property management subcommittee for over 4 years and recently as chair of the group. He is also active in local and state legislation that affects the property management industry. His unique understanding and perspective of property management and its associated maintenance has provided him with numerous public speaking opportunities. Outside of work, not only is he an avid outdoors man and a board member for several local Non-Profit organizations, but first and foremost a Father and Husband.

Director of Property Management Committee for Greater Tampa Realtors Association
2019 NARPM State President