I Looked at the Needs of the Wilkes-Barre Real Estate Market...it needs Property Management!!

The perfect storm has been brewing in the Wilkes-Barre, PA real estate market for some time now.

We have a very large amount of older homes on the market that need some rehabbing. You can buy them pretty pretty low and fix them up well within the 80% LTV you'll need to refinance them later. This also puts them onto the rental market, if your plan is to hold them, at a reasonable range for most renters and high enough to pay the mortgage when the refi is done.

The mortgage issues abounding in most financial institutions have forced many of those who would have qualified for a sub-prime loan into the rental market until they can get into a better credit situation as well. This means that there are many more qualified renters out there looking for housing. The promise of a recently rehabbed home is almost too enticing for most renters and, through a good interview and background check process, a good renter is found without too much wait or hassle.

Recent changes in Wilkes-Barre's stance on absentee landlords have forced any landlord in the area to register their property, have it inspected, apply for a license and provide the name of the person who will be managing their property. Failure to do any one of these things could be quite costly for the landlord in question. For the absentee landlord, this calls for a Property Manager.

Add all of these factors together and you have the very obvious need for a Property Management Company that can provide quality property management services for our community. I think this has become obvious over the last few months, as more and more Brokers in the Wilkes-Barre market are looking into this sector of the Real Estate market.

I have provided that answer for the Wilkes-Barre market with my new company, ADT Property Management Co, LLC. Through this new company, I am able to provide Property Management to our increasing number of investor clients who will be rehabbing and holding their properties. I will also be taking on new property management clients who already have properties to rent as well as those new clients who will be buying and renting new properties.

I would urge anyone interested in these services to contact me right away. I can provide a full range of services, making your investment experience a smooth and profitable one. I give you the ability to have as much, or as little, interaction with your property as you desire. Call or send me an e-mail right away to discuss the many options available to you.