Featured in September Realtor Magazine

If you don’t have a copy of the September 2010 Realtor Magazine – Here is what is an excerpt:

HOT MANAGEMENT NICHES – Property Management may lack the glamor of megamillion-dollar closings, but the payoff is steady income, especially if you pick a growing niche.  By Meriwyn Evans

Single-Family:  For the many home owners who can’t afford to sell at current prices, renting can provide a financial lifeline.  “People are getting on with their lives and moving or moving up and hiring us to manage the homes they leave behind until they can sell” says Michael McCreary presidetn of McCreary McCreary Realty Management Inc. in Marietta, Ga.  Individuals who’ve experienced foreclosure and aging boomers who no longer want the headaches of ownership are also fueling single-family rentals.

Lower home prices are prompting a new wave of investors who plan to buy, hold for a couple of years, and then flip, says Matt Schall, CEO of RE/MAX Horizons Property Management in Pensacola, Fla.  His company has seen a 20 percent increase in homes under mangement in the last year.

Single-family mangement is a good niche for smaller companies because it’s not dominated by the large full-service mangement and brokerage companies, says Russell Munz, co-owner of Pyramid Real Estate Group in Stamford, Conn., and author of The Quick Start Property Manager Program.

Complete Realtor® Magazine Online Article (PDF)

Published on August 23, 2010 in Press & Endorsements

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