Apartment AgentsApartment AgentsApartment AgentsApartment Agents
Start Here Start Here
Check the Main Menu location in Apppearance->Menus->Display Location.

Dos And Don’ts Of Starting A Property Portfolio

Dos And Don’ts Of Starting A Property Portfolio

John Cameron2017-08-23T08:00:53-05:00
Apartment Search

A property portfolio is a group of property investments owned by a group, individual, or company. Property investment is one of the most common ways of maximizing your savings and growing your money.

Bear in mind that you must make the right decisions in order to generate money out of a portfolio. Fortunately, this list of dos and don’ts will help protect your investments.

Dos

Research

You must conduct extensive research before purchasing any property. If you haven’t taken a look around the property or aren’t familiar with current sale prices, you can’t be certain that you are investing in a sensible project.

Make sure you don’t part with any cash until you research the neighborhood and obtain comprehensive information on house costs in the local area. The last thing you want is to purchase a property that looks great in a brochure only to discover that it’s a ruin inside.

Prioritize Location

Location isn’t just significant when it comes to drawing buyers who wish to live near a train station or good schools. It’s also necessary to know as much as possible about the location to establish whether your property is likely to face damage from environmental factors.

If you’re purchasing in an area that’s likely to flood or there’s heavy snowfall during winter, it’s prudent to see how it could affect your capacity to sell the property and obtain information on protective measures.

If you intend to hold of the property for a considerable period, investing in measures to prevent water damage or frozen pipes could save you money while making your home more appealing when the time comes to sell.

Don’ts

Try to do the work yourself

Managing investment properties needs more work than you may think and it might be tempting to try to save by doing everything yourself. However, this is a mistake because it’s virtually impossible to be your own property manager, repairman, and accountant; this could be costly.

Instead, build a team of dependable professionals to outsource the work. This way, you can be more productive with your time. You’ll discover that experts will help you save money in numerous cases, so think of them of an investment.

Pay Over the Odds

Don’t think that it’s not possible to make a low offer on a property. Bear in mind that your portfolio is a business and the goal is to generate a profit. You don’t know the seller’s position and they probably want a quick sale regardless of the price.

The worst that could happen is that they say no and you attempt to negotiate. When buying property, you should always request a “finance clause.”

Remember, your lender will want to establish the property’s value before agreeing to finance you, so the clause protects you in case they disagree with the purchase cost.

Rush

At times, the property market moves incredibly fast and if an apartment or house is in demand, you may have to make a fast decision.

However, in most cases, you will have time to arrange extra viewings and collect some more information regarding the property before deciding whether to proceed. Be sure to take your time and avoid rushing.

Final Thoughts

If you’re interested in making money by developing a property portfolio, you’ll need to make the right decisions. Fortunately, this guide will help you avoid mistakes in the future.

For more information on the dos and don’ts of starting a property portfolio, contact us at Apartment Agents or leave a comment.

Share this post

Facebook Twitter LinkedIn Google + Email

Lates News

5 Hidden Costs of Renting a New Apartment

Read More

How To Find An Apartment That Has What You Want And Nothing You Don’t

Read More

5 Warning Signs That An Apartment May Have Issues

Read More

The 5 Most Sought After Apartment Amenities In Dallas

Read More

How To Walk Through And Inspect A Potential Apartment

Read More

Apartment Or House? How To Know What’s Best For You

Read More

How Early Should You Look For An Apartment Before You Move?

Read More

3 Tricks To Finding The Apartment Of Your Dreams In Houston

Read More

5 Noises To Watch For When Renting An Apartment

Read More

How To Secure An Apartment You Like Before Someone Else Scoops It Up

Read More

Choose Your City

  • Dallas
  • Houston

Learn More

  • Report Your Lease
  • Reward Terms
  • Blog

Contact Us

Dallas Office
(972) 993-7300
Houston Office
(281) 977-7300

Terms of Use | Privacy Policy | Fair Housing
Texas Real Estate Commission Information About Brokerage Services
Texas Real Estate Commission Consumer Protection Notice
TREC Broker #505184. Any rebate offer(s) is subject to principal consent and restrictions
APARTMENT AGENTS and related marks are registered trademarks of JLC Real Estate, Inc
Copyright © 2025 JLC Real Estate, Inc. All Rights Reserved

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}