When the dean announced that Goldman Sachs would be visiting to recruit two students for their new analyst training program, I jumped at the opportunity to interview for the position.
Over the past few years, both residential and commercial real estate have rewarded investors handsomely yielding average annual returns on the upward of 7-10%.
One of the biggest challenges to maintaining a profitable rental property is vacancy. Even when your rental goes vacant–and you’re not receiving rental income–you’re still paying insurance, taxes, utilities, and making mortgage payments.
Many income property owners operate under the assumption that, if they simply hire a property manager, they’re immune from any liability associated with the decisions, actions or negligence of their property manager. This couldn’t be further from the truth.
Even though it’s a vital part of a successful real estate investing strategy, insurance is often overlooked by real estate investors and landlords.
