Tyler Williams is a dentist in Murray, Utah and has been practicing for seven years. He remembers when he was 17 or 18 years old and saw some condos for sale and wondered what it would take to buy and rent them out himself. Over the years, he did a lot of his own research and once he had the money, he decided to invest in his own property. At first, he didn’t intend on getting a property manager, and instead simply started taking applications on his own and quickly realized he didn’t know what he was doing. Then, he turned to Keyrenter Property Management.
Nate Tew, a co-founder of Keyrenter Property Management, said that using a property manager can give you the ability to invest without spending a lot of time on it yourself or using skills you may or may not have. It lets you focus on what you do best, just like Williams was now able to focus primarily on his destinstry. Williams was very happy about this decision, as his property manager was able to get a tenant in his property quickly and was even able to charge rent $150 more than the original listing price, more than compensating for the fee of a property manager. He highly recommends real estate, especially for other dentists and doctors because “It’s such a good future plan that if we don’t step back and take time and look at it now, when we get to the point of retiring…we won’t have anything to count on.”
Tew agrees that real estate is the best investment because it’s a “tangible asset that will never decrease in value down to zero, where you will never lose all of your money but you’ll have proven, consistent returns, cash flow that can’t be provided by any other investment.” Another co-founder, Aaron Marshall agreed saying, “We help them find real estate homes and thirty years down to road when they want to retire, they have a free and paid off property that the tenant essentially purchased for them…So I think that makes total sense for a busy professional to invest in real estate”.
If you’re considering investing in real estate, there’s no better time than now. Contact Keyrenter Property Management and learn more about what benefits we can offer you and your investments.