**Last updated:** May 4, 2022

 

A fascinating 13 year bull market has finally given way to deteriorating market conditions both in the real estate sector and the broader economy. In this report, we'll look at market data to understand how various real estate investing strategies have fared since the COVID-19 pandemic began. Our focus, in line with our [real estate investing platform](https://www.offermarket.us/), will be on single family residential real estate.

 

The COVID-19 pandemic-fueled housing bubble has shown signs of mania, with retail buyers (people buying personal residences), [iBuyers](https://www.offermarket.us/real-estate-glossary/ibuying), [REITs](https://www.offermarket.us/real-estate-glossary/reit) and and Wall Street investment firms collectively bidding up the value of homes to levels that are -- in many geographic markets -- rather concerning.

 

For more insights into the health of the US housing market, US consumer and broader US economy, review our [Federal Reserve Economic Data Dashboard](https://www.offermarket.us/blog/federal-reserve-housing-market-economic-data).

 

# Investment Comparison: Real Estate vs PropTech vs Stock Market

 

There are many different ways to invest in real estate and performance certainly varies.

 

## PropTech Stocks

 

[PropTech](https://www.offermarket.us/real-estate-glossary/proptech), short for property technology, has received record amount of private investment from venture capital firms and the asset class was front and center among the 2020-21 SPAC merger boom.

 

## PropTech Stocks 1-Year Returns

 

Compass, the technology-enabled real estate brokerage IPO'd with a market cap of --, that market cap has shrunk by 71% in the past year.

 

**Opendoor**, the leading iBuyer, has seen its market capitalization decline by 65% over the same timeline.

 

**OfferPad**, the second largest pure-play iBuyer has halved in value over the past year.

 

**Zillow** stumbled 69% over the trailing 12 months and shut down its Zillow Offers iBuying business. Related content: [Reading Between The Lines: What Zillow's iBuying Pause Really Means](https://www.offermarket.us/blog/reading-between-the-lines-what-zillow-ibuying-pause-really-means)

 

**Redfin** is down a remarkable 84% over the past year, also running into difficulties with its RedfinNow iBuying program.

 

Looking at these specific examples, we see three core items that have destroyed shareholder value:

 

### Record Low US Housing Inventory

 

The number of active listings in the United States is down from 1 million units in January 2020 to under 400,000 units in March 2022.

 

<iframe src="https://fred.stlouisfed.org/graph/graph-landing.php?g=NVDj&width=670&height=475" scrolling="no" frameborder="0" style="overflow:hidden; width:670px; height:525px;" allowTransparency="true" loading="lazy"></iframe>

 
 

### Doubling of Mortgage Interest Rates

 

<iframe src="https://fred.stlouisfed.org/graph/graph-landing.php?g=OMYo&width=670&height=475" scrolling="no" frameborder="0" style="overflow:hidden; width:670px; height:525px;" allowTransparency="true" loading="lazy"></iframe>

 
 

### iBuying Has Been Exposed As A Deeply Flawed Business Model

 

The unit economics of iBuying are alarming. Most of these companies lose money on a per unit basis. iBuying is effectively unprofitable (to marginally profitable at best) home flipping at scale. For more on this, we recommend reviewing [Mike Del Prete's Research](https://www.offermarket.us/blog/mike-delprete-research-ibuyer-power-buyer).

 

## Mortgage Stocks 1-Yr Returns

 

**LoanDepot** is down -85% on concerns about the impact that rising interest rates are having on refinancing demand, and low purchase transaction volume due to record low housing inventory.

 

**Rocket Companies**, parent of Rocket Mortgage and Quicken Loans, is down -61% for the same reasons. 

 

**United Wholesale Mortgage** is down -55% for the same reasons.

 

This is what happens when housing inventory reaches record lows and a major interest rate spike eliminates refinance demand.

 

## Owning Actual Real Estate 1-Year Returns

 

Meanwhile, owners of real estate have performed convincingly well over the past year. The Case-Shiller Home Price Index is up over 19% over the past year -- an unprecedented appreciation driven by low inventory and increased demand.

 

Landlords have seen median rental income increase more than 5% over this time period.

 

Passive real estate investors have seen REITs outperform the market:

 

- Vanguard Real Estate ETF (ticker: VNQ): +5%
- Invitation Homes (ticker: INVH): +14%

 

## Stock Market Performance 1-Year Returns

 

- S&P 500: -1%
- Dow Jones Industrial Average: -3%
- Nasdaq Composite: -12%

 

## Real Estate vs Real Estate Services vs Stock Market

 

Owning real estate may be a better business model than facilitating real estate transactions, and in the past year has proven to be a better asset class than the broader stock market.

 

We believe everyone should have real estate in their portfolio.

 

## Follow On Twitter For Real Estate Insights

 

<blockquote class="twitter-tweet"><a href="https://twitter.com/hashtag/proptech?src=hash&amp;ref_src=twsrc%5Etfw">#proptech</a> stocks 1-yr returns: <a href="https://twitter.com/search?q=%24COMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$COMP</a> -71%, <a href="https://twitter.com/search?q=%24OPEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$OPEN</a> -65%, <a href="https://twitter.com/search?q=%24OPAD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$OPAD</a> -50%, <a href="https://twitter.com/search?q=%24Z&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Z</a> -69%, <a href="https://twitter.com/search?q=%24RDFN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$RDFN</a> -84%&mdash; Daniel Sperling-Horowitz (@dwshorowitz) <a href="https://twitter.com/dwshorowitz/status/1520970716547805184?ref_src=twsrc%5Etfw">May 2, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

<a href="https://twitter.com/OfferMarketUS?ref_src=twsrc%5Etfw" class="twitter-follow-button" data-show-count="false">Follow @OfferMarketUS</a><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

<a href="https://twitter.com/dwshorowitz?ref_src=twsrc%5Etfw" class="twitter-follow-button" data-show-count="false">Follow @dwshorowitz</a><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

In this report, we'll look at market data to understand how various real estate investing strategies have fared over the past year.

PropTech vs Rental Property Investing | OfferMarket Blog

Real Estate vs PropTech vs Stock Market

<img load="lazy" src="https://cms.offermarket.us/uploads/blake_wheeler_z_BHU_08hdzh_Y_unsplash_0a1c230449.jpeg" alt="Image of townhomes in Caroline County Maryland MD">

 

Below you will find a list of top rated property management companies Caroline county. Identifying the top property management firm in Caroline county will take research. Make sure to talk to company representatives, interview them with the questions we provide below and read reviews. This process is paramount in identifying the best firm that will address all of your landlord needs and justify their monthly fees while keeping your tenants happy. 

 

## Skipjack Solutions
<img load="lazy" src="https://cms.offermarket.us/uploads/ski_165601c1d8.png" alt="SkipJack Solutions Logo">

 

Description: We’re local and we’re reliable. We can be there so you don’t have to, whether that’s to deal with the mundane and routine or the complete remodel. Our taskmasters have an acute attention to detail and a network of service providers to address with any issue. It’s handled. That’s all there is to it. Let our team of professionals take the stresses out of your short-term rental or AirBnB listing. We can navigate through the cumbersome license application process and prepare your space for rentals. After developing a checklist of necessary items, we will clean, shop and ready the house for new guests. With our specialized services, we make it easy to get more rentals with less effort so that your property can be monetized toward your long-term goals. We routinely receive high reviews (SuperHost status), which in turn generates more bookings. In most cases, we are nearby and available to greet guests, show them the features of the property and, if problems should arise, and guests have questions or needs, we can respond. Skipjack Solutions can help to relieve some of the burden and worry of ownership of a second home or property: from everyday coordination of grounds and house maintenance to seasonal projects and improvements. We handle the day-to-day operations or we have options to be on standby for occasional needs and unexpected issues. We have a stable of reliable vendors on call to address any concerns and provide peace of mind. We will ensure all is well on the home front! You can avoid potentially disastrous situations and ensure peace of mind. Priceless! 

Website: [http://www.skipjacksolutions.com/](http://www.skipjacksolutions.com/) 

Google Rating: [5.0](https://www.google.com/search?q=caroline+county+md+property+management+companies&biw=1792&bih=821&sz=11&tbm=lcl&ei=8xGLYZPaBuSvytMP7I2rgAk&oq=caroline+county+md+property+management+companies&gs_l=psy-ab.3...32946.33183.0.33358.3.3.0.0.0.0.87.150.2.2.0..2..0...1c.1.64.psy-ab..1.1.87...33i10i395k1.0.OZKB0hk4TL4#lrd=0x89b83de7fecd5dbd:0xf667ef159c0c2672,1,,,&rlfi=hd:;si:17755422932022863474,l,CjBjYXJvbGluZSBjb3VudHkgbWQgcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXNI0prYhbiwgIAIWkgQAxAEEAUYABgBGAIYAxgEGAUiMGNhcm9saW5lIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcyoCCAOSARtwcm9wZXJ0eV9tYW5hZ2VtZW50X2NvbXBhbnmqASUQASohIh1wcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcygA;mv:[[39.144358,-75.50695209999999],[38.612732,-76.3653687]]) 

Google Reviews: [6](https://www.google.com/search?q=caroline+county+md+property+management+companies&biw=1792&bih=821&sz=11&tbm=lcl&ei=8xGLYZPaBuSvytMP7I2rgAk&oq=caroline+county+md+property+management+companies&gs_l=psy-ab.3...32946.33183.0.33358.3.3.0.0.0.0.87.150.2.2.0..2..0...1c.1.64.psy-ab..1.1.87...33i10i395k1.0.OZKB0hk4TL4#lrd=0x89b83de7fecd5dbd:0xf667ef159c0c2672,1,,,&rlfi=hd:;si:17755422932022863474,l,CjBjYXJvbGluZSBjb3VudHkgbWQgcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXNI0prYhbiwgIAIWkgQAxAEEAUYABgBGAIYAxgEGAUiMGNhcm9saW5lIGNvdW50eSBtZCBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcyoCCAOSARtwcm9wZXJ0eV9tYW5hZ2VtZW50X2NvbXBhbnmqASUQASohIh1wcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcygA;mv:[[39.144358,-75.50695209999999],[38.612732,-76.3653687]]) 

Phone: (443) 362-8083﻿ 

Address: 109 Green St, St Michaels, MD 21663 

Property Management Monthly Fee: [Contact to find out](http://www.skipjacksolutions.com/contact-us/) 

Leasing fee: [Contact to find out](http://www.skipjacksolutions.com/contact-us/) 

Lease renewal fee: [Contact to find out](http://www.skipjacksolutions.com/contact-us/) 

 

## Home Advantage Property Management
<img load="lazy" src="https://cms.offermarket.us/uploads/Dark_Green_Logo_1_6fbaf69f3b.png" alt="Home Advantage Property Management Logo">

Description: Home Advantage Property Management is a family-owned full-service property management company specializing in residential rental property and apartment building management in the greater Baltimore/Annapolis area. Our goal is to take the headaches of being a landlord off of your shoulders by handling all the day-to-day chores that come with being a professional landlord, while ensuring that you get the best possible return on your investment. 

Website: [http://www.homeadvantagepm.com/](http://www.homeadvantagepm.com/) 

Google Rating: [4.3](https://www.google.com/search?q=caroline+county+md+property+management+companies&biw=1792&bih=821&sz=11&tbm=lcl&ei=8xGLYZPaBuSvytMP7I2rgAk&oq=caroline+county+md+property+management+companies&gs_l=psy-ab.3...32946.33183.0.33358.3.3.0.0.0.0.87.150.2.2.0..2..0...1c.1.64.psy-ab..1.1.87...33i10i395k1.0.OZKB0hk4TL4#lrd=0x89b802be488b99c9:0xa9f6bc27d7405649,1,,,&rlfi=hd:;si:12247183115981706825,l,CjBjYXJvbGluZSBjb3VudHkgbWQgcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXNIzZrm5eaAgIAIWkYQAxAEEAUYARgCGAMYBBgFIjBjYXJvbGluZSBjb3VudHkgbWQgcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXMqAggDkgEbcHJvcGVydHlfbWFuYWdlbWVudF9jb21wYW55qgElEAEqISIdcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXMoAA;mv:[[39.144358,-75.50695209999999],[38.612732,-76.3653687]]) 

Google Reviews: [19](https://www.google.com/search?q=caroline+county+md+property+management+companies&biw=1792&bih=821&sz=11&tbm=lcl&ei=8xGLYZPaBuSvytMP7I2rgAk&oq=caroline+county+md+property+management+companies&gs_l=psy-ab.3...32946.33183.0.33358.3.3.0.0.0.0.87.150.2.2.0..2..0...1c.1.64.psy-ab..1.1.87...33i10i395k1.0.OZKB0hk4TL4#lrd=0x89b802be488b99c9:0xa9f6bc27d7405649,1,,,&rlfi=hd:;si:12247183115981706825,l,CjBjYXJvbGluZSBjb3VudHkgbWQgcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXNIzZrm5eaAgIAIWkYQAxAEEAUYARgCGAMYBBgFIjBjYXJvbGluZSBjb3VudHkgbWQgcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXMqAggDkgEbcHJvcGVydHlfbWFuYWdlbWVudF9jb21wYW55qgElEAEqISIdcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXMoAA;mv:[[39.144358,-75.50695209999999],[38.612732,-76.3653687]]) 

Phone: (410) 626-7411﻿ 

Address: 1052 Lido Drive, Annapolis MD, 21409 

Property Management Monthly Fee: [8%](http://w.mawebcenters.com/HomeAdv/services931.html#Fees) 

Leasing fee: [Contact to find out](http://w.mawebcenters.com/HomeAdv/services931.html#Fees) 

Lease renewal fee: [None](http://w.mawebcenters.com/HomeAdv/services931.html#Fees) 

 

## Important factors to consider

 

When evaluating a property manager there are several important factors that you need to consider other than their monthly fees to make a good decision. While monthly fees are important, renewal fees and leasing fees are a key consideration, sometimes other services property managers provide might be well worth above average fees. Consider reviews and what others have to say about about their experience with each property manager before moving forward and signing a contract. Do your research!

 

Here are additional factors that you should take into the account:

 

- Staff on call and available 24/7 in Caroline county
- How quickly they address maintenance issues
- Do they have an extensive list of contractors in Caroline county
- Do they have a large team of professionals in Caroline country to server as back ups
- How many years of experience do they have in Caroline county, managing rental in different locations sometimes calls for additional skills
- Do they have a competitive rate for Caroline county? If their rate is higher what justifies that? If its lower, is it because they lost clients and need to discount their service?
- Are they locally operated in Caroline county? Proximity to your rental property is key to providing best property management service. 
- Do they collect rent in person in Caroline county or do they have more sophisticated tool to handle rent collection?
- Why tenant services do they provide?
- Are there other top property management companies Caroline county?
- Will they find tenants Caroline county?
- Will they post house listing Caroline county?
- Will they evict tenant Caroline county?
- Do they have good testimonials from other landlords Caroline county?
- Will they quickly find tenants Caroline county?
- Do they have decades of experience Caroline county?
- Do they have access to best contractors Caroline county?

- Do you feel comfortable entrusting you investment property Caroline county to this property management company Caroline county after having an interview with them?

 

## Questions to ask a potential property manager

 

Below you will find a list of interview questions you must ask a potential property management firm before agreeing to hire them to manage your property. These questions will help you identify a good firm and set expectations from day one. Make sure to note their responses so you have an easy way to compare between candidate firms that you interview. Remember you are the client, they will manage and represent you to your tenant, this is a key to being a successful landlord, so no questions are off limits to help you figure which company is the right fit. If any of the responses rub you the wrong way, make sure to note that down and always go with your gut feeling. If something is wrong in this early stage, then its more than likely additional problem will follow, especially when you are not in the room and the firm engages with your tenant directly. Imagine loosing a long term tenant because property management firm didn't do a good job maintaining your property, this is a scenario these questions will help you avoid. Best property management companies Caroline county should have easy time giving you solid answers for below questions. 

 

1. What is your monthly property management fee?

2. What is the leasing fee?

3. What is lease renewal fee?

4. Do you have a point of contact who is available 24/7?

5. Do you have a back-up contact in case the first contact is not available?

6. Do you provide any warranties, such as tenant durations warranties? 

7. Do you provide any warranties on how quickly you can find a tenant for my rental?

8. Do you handle all types of rental maintenance issues? 

9. How many rentals do you manage in Caroline county? 

10. What have I not asked you that I should know about? (this is a great open ended question that might reveal more about the company that you didn't anticipate)

11. Why should I choose you over other best property management companies Caroline county? (this is another great open ended question that might reveal more about the company that you didn't anticipate)

 

## Can landlords sell properties with tenants in place? 

 

Landlords often believe that they have to vacate their property and stage it to get top dollar for their portfolio rental. OfferMarket exists to dispels this notion. Everyday tired landlords or busy landlords post their rental properties with tenants in place on our free and open real estate marketplace to see if another rental investor would give them an offer for their rental. 

 

OfferMarket specializes in augmentation of rental portfolios, ether through disposition of outlier properties or through acquisition of attractive rental with tenants already in place. If you want to test the market and see if you get offers on your rental with tenants in place, [create a free listing](https://www.offermarket.us/sell) and see if other landlords would offer you an even higher price than the market since you already have tenants in place and they would have to do less work to make it cashflowing. On the other hand, if you are looking for cash flowing properties, [checkout our map](https://www.offermarket.us/listings) to see if there are any rental properties that might catch your eye, feel free to talk directly to the seller, schedule a tour or submit an offer, completely free and without any obligations. OfferMarket exists to help Maryland landlords buy and sell properties, commissions free, with ease and expediency. 

 

Checkout our [listings on our map](https://www.offermarket.us/listings) or [create a free listing to test the market](https://www.offermarket.us)

As a busy landlord, sometimes its hard to manage your real estate rental portfolio, OfferMarket brings you the best Caroline county property management companies that can help you alleviate the load

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Best Caroline county property management companies - OfferMarket

Best Caroline county property management companies

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## How does OfferMarket work?

 

We are a real estate investor platform -- we offer loans, insurance and off market listings. We focus on 1 to 4 unit residential properties.

 

## Fix & flip loans and DSCR loans

 

**Ideal for BRRR investors, rental investors and flippers.**

 

If you're buying or refinancing an investment property, we provide hard money [fix and flip bridge loans](https://www.offermarket.us/blog/fix-and-flip-loans) and [DSCR rental loans](https://www.offermarket.us/blog/dscr-loan-program). No need for tax returns or W2 salaried income, our loans are based on the investment property's cash flow or profit, borrower experience and credit score. 

We specialize in funding 1 to 4 unit residential investment properties properties across 43 states. Access industry-leading terms in under a minute and close on your timeline with our technology-powered [lending platform](https://www.offermarket.us/loans).

 

## Sell to real estate investors

 

**Ideal for wholesalers, property owners, agents with distressed properties.**

 

If you're selling a house in poor condition or a leased rental property, use our powerful and entirely free marketplace to compare multiple as is cash and hard money offers. [Post your off market deals](https://www.offermarket.us/sell) in under a minute, connect with verified buyers and receive qualified offers. Take advantage of marketing, messaging, proof of funds, identity verification, scheduling and offer comparison tools. There's no obligation, you can reject any offer for any reason.

 

## Buy investment properties

 

**Ideal for fix and flip investors, rental property investors, primary residence homebuyers, buyers agents.**

 

If you're buying single family or multifamily real estate, [subscribe for off market deal flow](https://www.offermarket.us/survey/subscribe/deal-flow) and receive alerts for deals in your target markets. [Browse listings](https://www.offermarket.us/) you can't find on the MLS (broker/agent network that feeds listings to Zillow, Redfin, etc.). Chat directly with the seller, schedule tours and submit offers. It's entirely free.

 

## Managed real estate transactions

 

Close your transaction independently outside of our platform, or have us manage your closing to ensure a streamlined, fast, and cost effective close. We charge a low 1% fee to manage your closing.

 

## Insights & Tools

 

Access our unique perspective on the residential real estate market and funding environment with regularly posted educational content on our [real estate blogs](https://www.offermarket.us/blog) and podcast. Use our [tools](https://www.offermarket.us/tools) to help evaluate your deals.

 

Wherever you are in your real estate journey, use OfferMarket to accomplish your goals.

OfferMarket is an investment property marketplace and hard money private lender. Wherever you are in your real estate journey, learn how OfferMarket can help.

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How does OfferMarket work? | OfferMarket

How does OfferMarket work?

Grow your real estate investing business with the most competitive DSCR loan product. OfferMarket also provides DSCR rental loans, bridge loans, hard money, fix & flip, rehab, ground up construction loans.

Rental Loans

[Net Operating Income](https://offermarket.us/real-estate-glossary/noi-net-operating-income) ("NOI") ÷ Current Market Value

 

Cap rates are a core quantitative metric used by real estate investors to assess the attractiveness of a rental property. It is also used by real estate sellers to set an appropriate asking price for rental investment properties. To standardize cap rate calculation for all investors, mortgage related fees including interest expenses are not included in cap rate calculation.

 

The higher the cap rate, the better. Investors often compare cap rates to the risk free rates of 30 year United States Government Treasury Bonds. Prevailing Cap Rates tend to be lower in competitive markets and for high demand and high conviction asset classes. For example, ecommerce distribution center cap rates should be expected to be lower than cap rates for retail strip mall assets because investors are concerned about the viability of strip malls and bullish on the growth prospects for logistics assets that service ecommerce.

 

### Example

 

A multi-family rental property with NOI of $100,000 and a current market value of $1,000,000 has a cap rate of 10%. NOI is all revenue including rental income, parking fees, service charges, amenities fees minus all operating expenses. Depending on lease terms and management structure, operating expenses can include property management fees, insurance, maintenance, property taxes and utilities.

Capitalization Rate ("Cap Rate") = Net Operating Income / Current Market Value. Learn how to calculate cap rates.

*Quote takes 1 minute, no credit pull

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What is Cap Rate in real estate?

* Takes 2 minutes, no credit pull

Example

* Takes 2 minutes, no credit pull