Real estate investing basically involves the acquisition, ownership, maintenance, sale or rental of commercial or residential real property for profit. Real estate investing as a part of an overall real estate portfolio is usually considered as a separate sub-specialty of business investment known as real estate management. Real estate managing involves planning, controlling, supervising and budgeting the utilization of money to generate revenue and profit. Real estate managing is not just about collecting rents from tenants or selling realty properties.
Real Estate Investing
Real estate managing involves many important tasks which include: negotiating lease agreements, renting commercial property, obtaining a mortgage, and handling legal and tax issues. As real property management involves a wide variety of activities that can be done independently or in collaboration with other entities, the ability to perform these activities requires extensive and focused knowledge of the different real estate related systems.
Real estate investing is not an easy venture and many realtors have gone bankrupt in the past few years. The most important thing to do is to have a sound and stable plan in place to achieve your objectives, and be able to monitor and manage your real estate portfolio and finances. A solid realtor can serve as a partner for you if you choose to build a relationship with him. If you are a beginner to realtors, he may be able to guide you through some of the more difficult decisions involved in real estate managing. It may also be beneficial to enlist the help of another realtor.