Ampersand Property Management

Ampersand Property Management provides and manages rentals in the Billings area.

You’re On Your Way!

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Property owners who use Ampersand Property Management to care for their real estate investments are better-looking, more relaxed, and travel more often than property owners who don’t use Ampersand Property Management. (See graph below.)

Stylish property owners who use Ampersand Property Management

Stylish jet-setters relax knowing that Ampersand Property Management has their investments under control.

 

Ampersand Property Management graph

If you’re looking for a property manager in Billings, we’re a good choice. We’re spry, responsive, and responsible. We invest in real estate ourselves, and we manage our own properties. As real estate investors, we understand how crucial cash flow is. Vacancies are anathema and property repairs and renovations require a balancing act between attracting qualified tenants and keeping costs to a minimum. We know because we’re right there with you.

We’ve got three years’ investment and management experience in the Billings area. We’re picky…particularly about how our properties are run, which is why we ended up starting our own management company. Of course we think we know best, but we’re always open to hearing how you’d like things done. We’re spry, after all, and if we like your methods, we may very well adopt them into our routine.

We’ve got one, published management fee: $90 or 1/12 of one month’s rent, whichever’s cheaper. What do we charge for leasing? Nothing. We don’t get our monthly fee until the property is occupied, so that’s our motivation. What do we charge for repairs and renovations? Whatever it costs, but nothing more. We subcontract the work to someone who knows how to do it, arrange with the tenant, keep the owner informed, ensure satisfaction all around, and you just have to pay the guy who did the work. We think you should know what you’re getting into: One flat fee, no surprises.

We know you didn’t get into real estate investing for the thrill of chasing down your rent. Proper property management goes a long way toward letting you be a better-looking, more relaxed, well traveled person.

Shoot us an email at AmpersandPropertyManagement@gmail.com with any questions you’ve got, and we’ll get back to you — probably with answers and potentially with jaunty banter.

Figuring Out How Much Rent You Can Afford

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Ampersand Property Management

How Much Rent Can You Afford?

How Much Rent You Can Afford?

You probably know how many bedrooms and bathrooms you’re looking for. You might have a preference on the area of town you want to rent in. But how do you know how much you can afford to pay each month for rent?  The classic answer is: It depends…what other payment obligations do you have?  That answer sucks. You could go through and write down each and every thing you pay for each month, but I bet you’d forget a lot of stuff. And some months you might have an expense that you don’t have other months–or you do have it, but it’s a different amount–or your might have it, you don’t really know how to predict the future, so you can’t tell for sure.

Make Your Life Easier

There’s a much simpler way of figuring out how much rent you can afford. All you have to know is how much you make per month. If that’s not a set amount because your hours are flexible, just figure out the average. If you know what you made last year, take the total amount and divide it by 12. If you’re off a little, it probably won’t make that much difference, so just pick a number that seems typical for what you earn in a month.

Rental Amount

Divide your monthly income by 3.  That’s it, no tricky math. One third of your gross pay is all that’s recommended for you to pay for housing. Remember that that’s as high as you should go. If you can find something cheaper, you’re in good shape. You’ll have more money to spend on all the other things you need like food, gas, and big screen TVs.

So now you know and can figure it out. Check out our rentals if you’re looking for something in the Billings area; we’d love to have you as our neighbor!

 

 

Be free.

Ampersand Property Management helps you be able as a property owner to do what you want. You can spend time pursuing your hobbies or traveling the world. We’ve got a website dedicated to showcasing how you’re spending your time. Check it out, and let us know if you’ve got any adventures of your own planned.

Thanks for dropping by.

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Be free.

 

If you’re looking for a place to live in Billings, we’re glad you stopped by.  We’d love to have you join us if we’ve got something that will suit your needs!

To see what we’ve got available, click on our Rental Properties tab or use the search button to the right to check for keywords like “three bedrooms.”  You can also sign up for our Renters’ list under the Rental Properties tab. This will put you on an email list so you receive updates on any property we have available.  All of our applications are processed as they arrive, so being the first to see the property means you’re more likely to get in!

 

If you’re looking to free up some of your time by turning over management of your investment properties, we’d be happy to help you out. We offer a flat fee management structure so you’re not over-paying for your higher-end rentals. Click on on our Property Owners tab to find out more.