Real estate investing can create long-term income and wealth, but only when you work with experienced professionals who understand the local market and protect your interests.
I recently spoke with a client in Europe who was deciding whether to rent his Cleveland-area property again or sell it. During our conversation, one of his former investment advisors contacted him and immediately offered to purchase the property and handle the transaction.
The problem was that this advisor was not licensed and did not live in the Cleveland area.
Meanwhile, our team had managed this property for nearly seven years and deposited more than $50,000 in net rental income into the owner’s account after property taxes, insurance, and property management expenses.
Unfortunately, the advisor had previously helped investors purchase properties that resulted in major financial losses. I know because I later had to sell several of those properties for the investors.
One property on Cleveland’s east side was a duplex that had been purchased as an investment. The property was in extremely poor condition and was worth only about $10,000 at the time we evaluated it. The investors had paid substantially more for it.
They had also paid for construction work that was never completed.
Because the advisor was not local, there was nobody consistently checking the property, supervising the contractors, verifying the work, or protecting the investors’ money.
Why Local Experience Matters
Out-of-state and international investors need more than someone who can locate a property. They need a local professional who can oversee the entire investment process.
That includes:
- Evaluating the property before purchase
- Reviewing realistic rental income and expenses
- Managing inspections and rehabilitation
- Supervising contractors
- Providing regular video and photo updates
- Leasing the property to qualified tenants
- Managing rent collection, maintenance, and accounting
- Protecting the investor’s long-term profitability
Without experienced boots on the ground, investors can easily overpay for properties, spend too much on renovations, hire unreliable contractors, or purchase homes that never produce the expected income.
Our Focus Is the Investor’s Profit
Some advisors focus on how much money they can make from a transaction. Our philosophy is different.
We focus on making money for our clients.
With experience involving more than 1,200 properties, we understand what real estate investors need. Our clients receive transparent information, detailed updates, local oversight, rental management, and long-term performance tracking.
Our investment and property management process has produced successful results approximately 99.5% of the time because we remain directly involved from the initial property evaluation through the ongoing management of the home.
Real estate investing should not be based on promises, sales pitches, or someone operating from hundreds or thousands of miles away.
It should be based on experience, accountability, accurate numbers, and proven results.
Before purchasing your next investment property, make sure the people representing you are licensed, experienced, local, and focused on protecting your money.
Visit ClevelandIncomeRealEstate.com to view property information, rental results, investment performance, and examples of the income we have collected for our clients.
Phone: 216-703-5740
Website: ClevelandIncomeRealEstate.com
YouTube: @BrettYoungCashflowhomes
Investment Results: RealIncomeProperties.blogspot.com
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Thank you