Since most people only buy or sell their primary residence once every seven years or so, the mechanics are unfamiliar to them. That's why it pays to work with people who know the business inside and out. Here is a simple road map to follow.
Through our affiliated company, RSM Properties (best known for the trademarked slogan, We Buy Ugly Houses ®), we have access to properties at prices significantly below market value. We buy those houses and then resell them to investors like you. We build long term relationships. It does us no good to over charge our customers on the front end as most of our competitors do. We want you to make money so that you will be a repeat customer. That's why we pass along good deals to you. We have purchased hundreds of houses in the past twelve years so we know what to buy (and what NOT to buy). We believe in the old saying, "you make your money on the Buy". But that's just the beginning.
Lots of things go wrong at this juncture for the novice investor. Lack of knowledge about what to do, when to do it, how to do it and who to call. Let us show you how to rehab to "rental standards" at an affordable price. Or better yet, let us do the rehab for you!
By the time the novice investor gets to this stage of the process they are already tired of the process. They typically put a sign in the yard and rent the property to the first person with enough money to pay the rent and the deposit. But this is a huge mistake! Careful screening isn't just about avoiding bad tenants. Careful screening is critical to the success or failure of your investment. This is no place to be cheap and "do it yourself". Believe me. We own and operate over 120 rent houses. We have the tools, the knowledge and the experience to maximize your chances of getting good tenants. By the way, do you know your responsibilities under the Fair Housing Act?
If the novice investor doesn't fail in the Leasing stage, they still have to master ongoing management of the property to succeed. There are enough horror stories to fill volumes. Unless you commit to learning the ropes, it's best to leave this to the pros. Repair and Maintenance can swallow all your profits (and then some). How do you respond to tenant complaints? And then there is the issue of collections. Again, we have the knowledge and experience to handle property management.
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