3 ways to combine real estate and real estate management

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MONONA, Wisconsin / ACCESSWIRE / June 26, 2021 / Property management and real estate are two separate industries. Both industries deal with housing stock, but that is the only thing they have in common.

However, they overlap.

Real Estate deals with the placement, sale and purchase of real estate, including single-family homes, apartment complexes and commercial buildings. Property management deals with management elements such as maintenance, repairs, tenant qualifications, fair housing, rentals, and enforcing the lease and its terms on behalf of the property.

If you are a real estate manager, moving into the real estate business can be an advantage, and vice versa.

Here are 3 ways in which property management is the same as property management:

Access to market data

When a tenant is ready to become a homeowner, you can be the resource they need. You can help people save time by being both a property manager and a realtor. By knowing real-time market data, you can help tenants interpret the data and make informed decisions.

Moreover, access to market data from both industries allows information to be passed on to owners, managers and tenants. You can help property owners and investors prioritize buying, owning, managing and renting property.

Lessee to buyer Pipeline

The real estate industry can influence the rental business based on average home prices and mortgage rates. Real estate agents are often looking for tenants who qualify for a mortgage. Generally, eligible tenants are classified as middle income tenants.

Common factors that realtors are looking for include demographics of tenants, the type of lease, and the class of property that people rent out.

Popularity of suburban and urban markets

The third way the rental and real estate sectors intersect is the construction sector. Suburban and urban markets in the United States were the hottest markets before the coronavirus pandemic.

Many young people preferred to rent rather than buy. This has made suburban and urban markets very popular with tenants, and the demand for rental properties has become a priority for realtors.

Find Property with Realtor Stephen Timm

Stephen Timm is a real estate agent and property manager based in Madison, Wisconsin.

He began his career as a rental agent for more expensive properties in Fitchburg, Wisconsin in 2012. After a few years he moved into real estate management, controlling a total of 6 properties in the traditional market. He managed Section 42 housing for a short time and eventually returned to the traditional market.

In 2019, he began his career as a real estate agent. Stephen is currently a Licensed Realtor with Keller Williams Realty, Inc. and specializes in the purchase and sale of land, apartment buildings of eight houses, as well as residential and multi-family housing markets. As a realtor, Steven focuses on pre-sale service, building real relationships with his clients beyond selling. He builds trust through honesty, integrity and providing the best possible service to his clients.

Steven’s many years of experience in real estate and real estate management allows him to communicate with a wide variety of people, personalities and life situations. He is proud to be associated with Keller Williams Realty as they were involved in 1 out of every 10 real estate transactions in the country last year in 2020 and we tend to be 2.0-5.0% higher net sellers price list, and we usually sell property at 44%. faster on average.

If you are in Wisconsin and want to buy land, rent a property, move to Wisconsin, or want to buy or sell a home, contact Stephen Timm Today.

Company name: Keller Williams
Contact Person: Stephen D. Timm
Address: 200 River Place. Suite 130. Monona, Wisconsin. 53716
Phone: (608) 520-2973
Link: https://stevendennistimm.kw.com/

A SOURCE: Keller Williams

See the original version at accesswire.com:
https://www.accesswire.com/653204/3-Ways-Property-Management-and-Real-Estate-Overlap

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