 We all want the nicest looking rentals that we can provide. However, not all money spent on renovation yields higher rents. As we face Flathead Valley's construction boom, you can estimate your total cost for renovations if you carefully think through the appeal of new features, estimate the cost, and then add another 25%! As a property management company, Frontier West can help you identify what renovations or upgrades make the most financial sense and will give you the best return. Click here to learn how to avoid renovation mistakes on your rental properties. Frontier West Properties is a fully-licensed and insured property management company serving the Flathead Valley. We are proud to support the commercial, residential, HOA, and property maintenance needs of our customers in Bigfork, Columbia Falls, Kalispell, Whitefish, Somers, and Lakeside. For more information, call 406.249.3257 or see our website at www.frontierwestmontana.com
0 Comments
 "Apartments, compared with other asset property types, have a strong performance history and will likely continue to outperform in the foreseeable future." - Elizabeth Miller, Appfolio We have all had a front row seat to the construction craze this season. The Flathead Valley's construction statistics are second only to Bozeman with regard to growth in the state of Montana. However, this frenzy has created some pretty high construction costs. Developers have had some issues keeping project budgets within the acceptable limits once the General Contractors have turned in their bids, but the projects continue to get off of the ground. With general housing inventory down from prior years and a rapidly growing communities in places like Kalispell, Bigfork, Whitefish, and Columbia Falls, we have seen an explosion in multi-family construction. In addition to meeting a community demand, new research shows apartments are proving to be a real estate investment that outperforming other property types. Take a look at this article from AppFolio's Blog explaining the fuel behind the multi-family boom. Frontier West Properties is a fully-licensed and insured property management company serving the Flathead Valley. We are proud to support the commercial, residential, HOA, and property maintenance needs of our customers in Bigfork, Columbia Falls, Kalispell, Whitefish, Somers, and Lakeside. For more information, call 406.249.3257 or visit our website at www.frontierwestmontana.com  I have owned Flathead Valley rental properties for years. I'll be the first to admit that never thought a property manager was totally necessary. And then I attended a week-long property management training and certification course and studied the Residential Landlord Tenant Act . It became very clear that there are multiple benefits to hiring a property manager - risk reduction is one of the most important. It's no shock that owning an investment property can be a sound financial move. Smart investors know that hiring a property manager is the next step toward protecting their asset. Forbes Real Estate Council shares 8 reasons why you shouldn't manage your own investment properties. If you own a commercial or residential rental property in the Flathead Valley, consider property management. To learn more about the Residential Landlord and Tenant Act, click here. #IfIOnlyKnew Author Ryan Pokorny, Owner/Manager Frontier West Properties is a fully-licensed and insured property management company serving the Flathead Valley. We are proud to support the commercial, residential, HOA, and property maintenance needs of our customers in Bigfork, Columbia Falls, Kalispell, Whitefish, Somers, and Lakeside. For more information, call 406.249.3257 or visit our website at www.frontierwestmontana.com |
ResourcesOwning a rental property involves a whole new skill set. Staying current on market issues and trends is even more challenging. Here are some resources that you might find handy. archives
August 2019
Categories |
RSS Feed