Charlotte Property Management Weekly: Maybe You Shouldn’t Fix Up your Rental Home?
Unfortunately, trophy rental homes with bells and whistles don’t make money; average homes do. So the key is to keep your rental home average and undifferentiated? That doesn’t sound like good marketing, does it?
Learn MoreCharlotte Property Management Weekly: Solving the High-End Home Sales Stagnation with Rentals and Rent-To-Own
Many are realizing that they need a solution to get them past the next few years. They are starting to explore rental and rent-to-own options. They’ve heard the horror stories that people tell about renters, but they can also do basic math.
What do I mean by that?
Learn MoreCharlotte Property Management Weekly: The Top 3 Reasons Why Good Property Managers Matter More Now (Reason #1)
1. If this economy has taught us anything, it is cash is always king and real estate is an investment. The ONLY decision criteria for hiring a prospective property manager should be their ability to maximize the cash flow of your investments. Period.
Learn MoreCharlotte Property Management Weekly: Former BOA CEO Ken Lewis Teaches Real Estate Investing
Ken Lewis is the man. You might have read and heard things in the news during the past year saying he is not the man, but they were all wrong. He’s got an unbelievable instinct for investing creatively. And he’s got the guts to execute.
If you live in Charlotte, you must heart Big Ken; it’s required. He built the entire town, kept the headquarters here as he grew Bank of America (BOA), and made sure his bank was actively involved in the community.
Learn MoreCharlotte Property Management Weekly: Lies, Damn Lies, & Rent-To-Own Statistics: 5 Ways to Increase Your Odds of Sale
“I’m sorry. My Broker-in-Charge does not permit us to do lease options. She said the percent of people that actually purchase is 8%.” (Charlotte Realtor)
“Statistics are like a drunk with a lamppost: used more for support than illumination.” (Winston Churchill)
Wow- 8%! I still can’t get over that figure.
Learn MoreCharlotte Property Management Weekly: “(Real Estate) Investing with the Stars”
“What do I look like to you? A moron? Don’t answer that… But seriously, my real estate investment properties are illiquid and have declined in value. You still say I should double down?” (Charlotte Real Estate Investor)
“Buy straw hats in the winter…” (Russell Sage, Wall Street Financier)
Buying (and selling) at the right time is the heart of many popular Wall Street mantras on how to become wealthy
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