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Homeowners who purchased their property at historically low interest rates may be reluctant to let those homes go, even if they are now too small for their growing families. Instead of selling the property, why not leverage the rental income to offset the mortgage?
Cornerstone Management Group can help you turn your property into a reliable source of passive income, helping you achieve your financial goals.
Owning rental property can be a lucrative investment, but it often comes with its fair share of headaches. From chasing down late rent payments to handling maintenance requests, the responsibilities can quickly pile up. That’s where Cornerstone steps in to alleviate the stress and hassle of managing your rental property.
Cornerstone Management Group got its start in 2021, when real estate investor and Cornerstone co-owner Nathan McBride needed a better way to handle the high volume of properties he owns. He and business partner Trey Willard came together to start a management company different from the rest.
Over the past few years, Cornerstone has quickly grown, and the team now manages a wide range of price points, with its niche being higher-end and new construction homes. Unlike some other management companies, Cornerstone works with homeowners to settle on a fair fee for its services.
“Our mission is to provide best in class service to our clients at reasonable prices,” McBride says. “We do that by leveraging technology and constantly looking for the most efficient way to do things.” Below, McBride shares the top ways his company can help you manage your real estate property.
One of the first things Cornerstone looks at is whether the homeowner is pricing the rental appropriately. In many cases, after Cornerstone took over, the increase in rent more than offset the management fee. “That is the ultimate goal,” McBride says, “and it’s something we have been able to repeat for many of our clients.”
It’s also important to get the right resident into the property. The first person to apply may not always be the right fit! That’s why Cornerstone employs a thorough screening process for all applicants.
Cornerstone handles all aspects of rent collection and disbursements on clients’ behalf, ensuring consistent and timely payments direct deposited into your account. The management company also takes care of the day-to-day maintenance and upkeep of the property, saving you time and energy (and oftentimes money), ensuring your property remains in top condition, and protecting your investment for years to come
Homeowners and renters have access to an online portal to keep an eye on what’s going on with the property – including lease agreements, rental payment history and maintenance orders.
With Cornerstone Management Group by your side, you can turn your property into a reliable source of passive income. With its comprehensive services and dedicated team, Cornerstone takes the hassle out of being a landlord, allowing you to enjoy the benefits of rental income without the stress. For more information, visit online at cornerstonemgtgroup.com.
