How To Build Equity and Scale Your Business in a Fluctuating Real Estate Market

The Same Day Podcast

Danny Schwab is the Owner of Keyrenter Property Management South Florida, which provides property management solutions for homeowners and real estate investors. The company helps homeowners increase their properties’ value. With 30 years of property management experience, Danny has owned and managed hundreds of residential properties.

In this episode…

Real estate market prices have risen with inflation, and owners are raising rent to afford mortgage payments. Namely, rental prices in South Florida have increased from $800 to $1,900 for a one-bedroom apartment. With investors struggling to gain returns, how can you navigate this tumultuous market to maximize profitability?

Property owners who increase rent are more likely to lose tenants to competitors who price rentals according to the market. Danny Schwab, a seasoned property manager, urges investors to evaluate the market daily for similar properties to develop an ideal price. Tenants maintain consistent payments when homeowners communicate with them and perform routine inspections and maintenance to preserve the property’s condition. Rather than raising the rent to cover your mortgage, Danny recommends focusing on building equity on multiple upscale properties instead of relying solely on cash returns.

In today’s The Same Day Podcast episode, Mat Zalk welcomes Danny Schwab, the Owner of Keyrenter Property Management South Florida, who shares his journey of building a property management business in South Florida’s lucrative market. Danny addresses the rise in eviction rates, strategies for supervising contractors, and the importance of building relationships with vendors.