Knox Financial helps landlords and homeowners turn a property they already own into an investment that delivers passive income with none of the work or hassle. They optimize all aspects of building wealth through investment properties.
Knox oversees the property’s finances and taxes, insurance, marketing to prospective renters, tenant communication and rent collection and property care. Continue reading below to learn more about Know Financial.
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Knox Financial Features
Knox Financial is made to help landlords manage their rentals more easily and efficiently while also providing homeowners with a more hands-off way to convert their home into a rental property – from finding renters to taking care of maintenance to managing finances.
Knox uses data and automation to deliver the best, safest investment outcomes that meet your financial goals.
How it works:
- Knox will assess your home or property for its potential as a rental property.
- They’ll establish a rental rate, according to local area and market competition.
- Knox will find new tenants. Knox will do background checks to vet interested tenants on multiple factors.
- Knox will insure and takes care of the home, making sure that the contractors chosen are top notch.
- Knox handles negotiations quickly, settling issues fairly to your benefit whenever possible.
Know Financial Pricing & Fees
Knox charges a fixed percentage of 10% of the rent collected, usually what traditional property managers charge. They do not charge any additional fees such as rental commissions or maintenance markup.
Keep in mind that you’ll still be responsible for the standard additional costs like mortgage, utilities and maintenance.
Knox Financial Limitations
Know Financial requires a one-year commitment and all profits are paid out quarterly. You’ll need to be ready to pay three months of mortgage and if applicable without receiving and rental income.
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Conclusion
If you’re interested in building wealth without the time consuming aspect of real estate investing then you should check out Knox Financial. Their services is good for those who are looking to expand their portfolio.
Check out Buildium, it’s an all-in-one platform that manages properties seamlessly.
