How to Turn a Single Rental Property into a Thriving Business

Mastering Property Management and Real Estate Investing

If you're a landlord or real estate investor, managing rental properties can be time-consuming and stressful. The key to success? Professional property management and strategic investing. In this article, we explore expert insights from Matthew DeVercelly, owner of KeyRenters Property Management Eastern Long Island, who shares how he scaled from one rental property to 26 units and how landlords can maximize rental income with the right approach.

The Role of a Property Manager

A property manager takes the burden off landlords by handling:

• Tenant screening to find reliable renters

• Rent collection to ensure consistent cash flow

• Property maintenance & repairs to keep properties in top shape

• Legal compliance & evictions to protect landlords from costly issues

Why Real Estate Investors Should Consider Property Management

Hiring a professional saves time, reduces stress, and increases profitability. Many landlords think they can handle everything themselves, but Matthew explains why outsourcing management allows investors to focus on scaling their portfolio rather than getting bogged down with daily operations.

Crazy Property Management Stories: The Reality of Being a Landlord

Matthew has encountered some wild rental property experiences, including a raccoon family living in a tenant’s chimney! While funny in hindsight, these situations highlight why having a reliable network of vendors and contractors is crucial for handling unexpected issues efficiently.

How to Attract and Vet Quality Tenants

One of the biggest challenges landlords face is finding responsible tenants who pay on time and take care of the property. Here are Matthew’s top screening tips: ✔️ Require a 650+ credit score for financial reliability
✔️ Ensure the tenant’s income is at least 3x the monthly rent
✔️ Check rental history and contact at least two previous landlords
✔️ Conduct background checks and require renter’s insurance

2025 Long Island Rental Market Trends

The rental market continues to evolve, and investors must stay ahead of emerging trends. Key insights include:

• Rising rental demand in Suffolk County as more NYC residents move east

• Higher competition for single-family rentals due to limited inventory

• Growing preference for pet-friendly rentals, making pet policies essential

• Increase in luxury apartment developments, shifting demand in some areas

Is Investing in Long Island Rentals Still Worth It?

Despite increasing property values, Long Island remains a strong market for rental investments. The key is choosing the right location, pricing correctly, and maintaining properties well. Suffolk County offers great opportunities due to its affordability compared to NYC and Nassau County.

Final Thoughts: Why Every Investor Needs a Property Manager

Investing in rental properties is a long-term game, and smart landlords understand the value of hiring a professional property manager like KeyRenters Eastern Long Island. With the right management, landlords can increase cash flow, reduce stress, and grow their portfolios efficiently.

📢 Ready to scale your real estate investments? Visit www.dreamselectrealty.com today!

🔗 Connect with Matthew DeVercelly & KeyRenters Eastern Long Island:
Website: KeyRenterEasternLongIsland.com
Email: Matthew@KeyRenterEasternLongIsland.com

🔗 Stay Connected with Dream Select Realty:
Website: www.dreamselectrealty.com
Instagram: @dreamselectrealty
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Twitter: @dreamselecthome

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