1-877-62-CAROD

Charlotte Property Management Blog

Sustaining, Maintaining or Building: Reevaluating Investment Real Estate Possibilities


Sherkica Miller-McIntyre - Tuesday, May 9, 2017

At Carod Properties we are avid proponents of real estate as an investment, wealth building vehicle. You will see—in our BLOG articles and in conversation with any of our knowledgeable staff—that we also strive to educate owners, that they be the best landlords possible. Not only because your success reflects the knowledge we’ve conveyed, but having the knowledge to make investment real estate successful will give birth to even greater investment opportunities.

The keys to the equation of turning the one test property into a bonafide portfolio, is vigilance and vision. If investment real estate is a new venture for you, do not rest on the laurels of 1 success. Not working to recreate the recipe used to seek, find, purchase and rent a property is the epitome of missed opportunity. So what makes some owners stop at one or two properties? No…seriously, what is it? Once you slowly wade into the water of investment real estate and get your toes wet, as they say, why stop there? At Carod Properties we collectively ask ourselves and our property owners this question often. When you got your first job, did you stop at that first paycheck? Are you still driving your first car? No you experienced success and kept going or did it again, recreated the experience. Why can’t you do that with real estate?

One must ask yourself what your ultimate goal is. Then, if that answer is not to build, we need to have a serious discussion. Though having one property may bring extra monthly income, or help you to reach a specific goal, what then? The difference between temporary and long term success is vision. When you close on the first investment property are you sustaining, maintaining or building? To help you figure that out, we can provide definitions. Sustain means to hold something at a certain level. It implies that what is being held would quickly fall or fade if not sustained. While something that is maintained would decay over a longer time if neglected. Things that are sustained require continuous, foreground effort. Building is not only self-explanatory but should be what anyone venturing into investment real estate should be working towards. If all of this doesn’t have you thinking, or rethinking the trajectory of your empire, give Carod Properties a call so we can help you BUILD your EMPIRE!

By: Alicia M. Caldwell, AMC Literary Services