Several factors are at play in the real estate market, but cash is still king. There’s been a lot of conversation about how COVID-19 will affect the U.S. residential real estate market. As real estate investors, we want to have current information with accurate updates so we can make informed decisions. Let’s take a quick look backward before we look ahead. Range of Impact Never in my lifetime have I
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Virtual tools expand your opportunities for showing properties. If a tree falls in a forest and no one is around to hear it, does it make a sound? That’s a question to debate with your friends during a virtual happy hour. For now, let’s dive deep into a similar philosophical question about your leasing process: If a prospective tenant views a rental when no one is showing them around, did
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Many tenants are poised to adapt to a property management inspection model that is safer, more effective and resilient to social distancing restrictions. Modern innovations like grocery store self-checkout, online retail shopping and webinar conferences weren’t, of course, developed in response to the current pandemic. However, these more efficient, contactless ways of conducting daily business certainly have become more popular and attractive—and even indispensable—in the current environment. The property management
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Investing in spring yard cleanup for your properties can go a long way toward improving curb appeal and overall ROI. During the winter season, your properties are exposed to snow, ice and cold winds that blow in leaves, litter and other debris you don’t want on your properties. These harsh winter elements can blanket your properties and stifle your lawns’ roots from the oxygen and nutrients they need to maintain
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What is your Advantage? For the past 20 years, I have worked with hundreds of entrepreneurs from all career backgrounds while being an executive at HomeVestors, The We Buy Ugly Houses people. Each one had a common desire to build a profitable business buying, rehabbing and selling single-family houses. I developed an assessment for those investors to complete as part of the application process. I also met with each investor
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The metro has a strong market structure likely to hold up under pressure. In March 2020, Charleston, South Carolina’s home sales posted a year-over-year growth of 6%, even with a coronavirus shutdown already looming on the horizon. Local businesses, including tech employers like Atlatl Software, home repair services like Punchlist, and a number of local and national commercial real estate developers, reported their outlooks for spring 2020 would remain positive
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