Charlotte’s “Cinderella Homes” Meet the Fairy Godmother
“There is a time for everything, and a season for every activity under heaven: a time to be born and a time to die, a time to plant and a time to uproot…”
(Ecclesiastes 3:1-2)
As a long time Charlotte property manager, the growth of the city and its real estate here has been amazing. I guess when you’ve been doing something for so long, you wind up telling stories about how...
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“No Showings in My (Rental) House!” Really?
No one comes into my house!
It’s a privacy issue.
It’s a security issue.
I won’t allow it!
No… No… No, no, no!
That’s not legal! Is it?
So goes a few of the responses from tenants when we begin showings for prospective renters of the house while they are still living there (typically between 30-45 days prior to their lease expiration). And guess what? We’ve never met a...
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Eviction Court is Not Cool (No Matter How Much You Like Legal TV)
“Settle matters quickly with your adversary who is taking you to court. Do it while you are still together on the way, or your adversary may hand you over to the judge, and the judge may hand you over to the officer, and you may be thrown in prison.”
Jesus Christ (Matthew 5:25)
My wife and I have been watching the old legal TV show, The Practice, lately. What an exciting show! Bobby...
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“Big Apple’s” Effect on Charlotte Rental Prices: Anti-Trust or New Market Reality?
You are an apple farmer- a good one! You know your soil, got the regular watering down, and are complimented often for how crisp and tasty your apples are. You write a pretty good blog about them too.
On the business side, you price your apples the way your father did. You factor in all your costs and then add your 50% mark-up; it usually comes out around $1.00/pound. Your...
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Where to Invest in Real Estate in Charlotte?
As a property manager in Charlotte with investor clients, we are often asked where the best places are to buy local investment properties.
When I was a young real estate investor in 2004, I bought my first two investment properties on the same day from HUD. Both were relatively cheap and I figured they’d be easy to cash flow. I admittedly did not really know what I was doing....
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Too Big of a Jump to NBA Competition (& Rent)?
What do former NBA players Jack Sikma, Devean George, Vern Mikkelsen, and Terry Porter have in common?
I’m a big basketball fan, but had only heard of 3 out of the 4. And I had no idea what they had in common.
Answer: They all came to the NBA after playing at a Division 3 college. That’s pretty hard to do. It’s so hard, in fact, that they are the ONLY players to ever make...
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Fill Your Rental Home with Complainers?
As a property manager in Charlotte, we conduct a lot of rental house showings. Typically afterwards, the tenant is either interested in the house and submits an application or is not interested and goes incommunicado with us. Fair enough.
But sometimes we get an e-mail like below:
Hi BDF Realty,
I saw the rental house today and liked it. However, I was wondering if...
Learn MoreLosing 20% of Your Clients and Finding Joy in Serving
“If anyone forces you to go one mile, go with them two miles.”
Jesus Christ (Matthew 5:41)
At the beginning of 2015, we (BDF Realty) lost almost 20% of our clients in a space of four months. That’s substantial. And fast!
It was for a variety of reasons: some owners wanted to sell their homes, some were unhappy, some wanted to move back into their rental houses, some...
Learn MoreLavar Ball’s Bluster Won’t Sell Your Rental Home
“Ex-UCLA freshman LiAngelo Ball has no chance that he’ll be drafted in June — and that was true before his shoplifting incident in China. ‘He’s not on any of our scouting lists — even the extended lists,’ one GM told ESPN.”
Adrian Wojnarowski (ESPN Senior NBA Insider)
“Gelo is the best two-guard in the draft on the fact that he can shoot better than anybody in the draft....
Learn MoreNew York City Living & Landlording: Count the Cost
“Suppose one of you wants to build a tower. Won’t you first sit down and count the cost to see if you have enough money to complete it?”
Jesus Christ (Luke 14:28)
Shortly after I graduated college, I moved to New York City (NYC- aka the “Big Apple”). “If I could make it there, I could make it anywhere.” Wow! It was definitely an experience.
Honestly, I was a little...
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