Today's blog post regards outsourcing managing your rental properties to a professional property manager. Many landlords avoid hiring out the management of their properties for a variety of reasons. Primarily, the are concerned with the price and the loss of control that they will have over their properties. This post discusses a handful of pros and a couple of cons to hiring a property manager. I, myself, and guilty of hesitating to hire a property manager because I want to save the costs in order to pay off these properties quicker. However, I am quickly realizing it to me much more prudent to hire that job out!
Mortgage rates have been increasing lately. It can be very frustrating as a prospective home buyer, but there is good reason for it. This blog post explains why interest rates are increasing, who is responsible for causing these rates to increase and why it isn't the worst thing ever (albeit frustrating). While rates were bumped a couple of times at the end of 2016, we're expecting them to be raised more than once in 2017. If you're worried that these rising interest rates are going to keep you from buying, don't fret- the increase is pretty nominal on an average house, but I would certainly recommend talking to mortgage lender about your borrower power before you file your taxes next month. A good lender can suggest some things that can have a big affect on your borrowing power later down the line. As always, remember me if you're interested in buying or selling residential, investment or commercial real estate in Charleston!
New Year's Resolutions are hard! They're surprisingly similar to the determination needed to follow through on personal goals. The nice thing about new year's resolutions is that you give yourself the opportunity to really focus on one or two major things that you'd like to change. One of the hardest parts of completing personal goals is that there can just be so many that it's hard to stay focused and tactful. This post will discuss 4 helpful tactics to aide you in achieving your goals not just for 2017 but for the rest of your life!
This post is aimed at new and aspiring real estate investors that want to purchase rental properties. Like most things, newbies will undoubtedly make a lot of mistakes. But, even small mistakes when you own a rental property can be quite costly. This blog post discusses 8 easy to make mistakes and how to avoid them.
This post is an update on my current real estate projects. I had to turn over a rental property last month, which was very frustrating because the tenant left the property in very bad shape. Fortunately, I was able to find a very good new tenant. We just listed a completed rehab last week that I anticipate to sell very quickly after the Holiday weekend. I've also listed a condo for a client in Mt Pleasant last week, which I also think will sell very quickly. Finally, we've recently bought a new project downtown that will be an amazing house. It needs an absolute ton of work, but I think it will be stunning when completed. I also anticipate it to be very successful from a business perspective, as well. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC!