I have been averaging 3 new-client property owner presentations a week since the beginning of the year. Most of these homeowners have been referred to me by a friend or area real estate professional or seen my blog. A few have seen my aggressive marketing on Craigslist when they have checked there for similar housing comps in their neighborhood.
NOBODY has told me they found me on Zillow or Trulia.
The following article in UPI outlines the shift in investor owners from foreclosure flips to buy and hold single family homes as long term investments.
Homeowners leaving the area and who want to keep their current home as a long-term investment may be SMART in spite of themselves.
As more and more real estate investors abandon flipping for a buy and hold strategy, they are discovering that becoming your own landlord may end costing them much more than management fees. Some 18 percent of owners spend 25 percent or more of their time managing their rental property and 20 percent spend 20 percent or more of their rental income on maintenance, according to a major study last fall by the Census Bureau.
Wallace S. Gibson, CPM * GIBSON MANAGEMENT GROUP, Ltd.
View our available Charlottesville, Albemarle and Lake Monticello rental homes online with photos and floor plans
"...to be a Virginian, either by Birth, Marriage, Adoption, or even on one's Mother's side, is an Introduction to any State in the Union, a Passport to any Foreign Country, and a Benediction from the Almighty God...." Anonymous