2023 presented some unique challenges for real estate investors. But as much as we can bemoan rising interest rates and stubbornly high property prices, the current market – and the market we’re likely to see in 2024 – has a lot going for SFR (single-family rental) investors.

Remember: your success in this business isn’t decided by the sway of the market. It all comes down to your fundamentals and a willingness to adapt your strategy to suit your needs under the full gamut of market conditions.  Including...remembering that time in the market matters more than timing the market.  Just getting in, getting started or getting growing is enough to put an SFR investor ahead of the masses who are waiting for big shifts and changes before making their next moves.

It’s hard to deny that 2023’s real estate market has been frigid. After all, this year’s total home sales are shaping up to be at the lowest levels since 2011 and the peak of housing crash-induced buyer anxiety. That said, the experts are feeling cautiously optimistic about the real estate market for 2024.

It might be cliché to think of a new year as a clean slate, but it can still be a beneficial way to think about it. Besides getting in shape, financial health is one of the top priorities among those who make New Year’s Resolutions. Regardless of where you are with your financial goals, now is a great time to refocus. And what better way to do that than through a financial advisor?

Tired of making the same old resolutions about finally using that gym membership? Maybe it’s time to shift your gears towards financial resolutions. Real estate investors are in a prime position to renew their efforts in the new year, riding the wave of resolve. But what should a passive real estate investor’s new years’ resolution look like?

2024 seems like it will break out of some of the downward real estate trends we’ve seen due to rising interest rates and inflation. While it’s unlikely we’ll see a break-out year for real estate, signs indicate that conditions will warm up to buyers over the next few years.

Has investing in real estate fallen out of vogue?

Look around – everyone is feeling market pressure. They think buying a personal residence is far out of reach, let alone securing multiple investment properties. They’ll say it’s too expensive. That we should wait until prices or interest rates come down. That we’re nuts for still banking on real estate when the market is like this.

In today’s economy, it seems like we’re feeling more pressure than ever. It’s not just about the tumult in the real estate market but the volatility of stocks, the ever-growing cost of living, and increasing economic uncertainties.

Are you considering your next big wealth-building strategy? Looking for ways to strengthen your portfolio? Look no further: it’s time to go turnkey.

Passive investors rarely get the opportunity to gain the hands-on experience other investors have. While this can save them from the pitfalls of their inexperience, it holds them back, too. As a passive investor, experience and education aren’t about the doing. They’re about the knowing.

Experienced real estate investors know even small factors can make or break their wealth-building efforts. While broadly, that single factor is due diligence, we want to get a little more specific. We’re talking about what your residents really want.