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There is a wise but very true saying that goes “we must study history, or we are doomed to repeat our mistakes.” This is especially true with the real estate industry, however, it is equally as important to look to the future and apply what we have learned to our real estate investments and strategies.

As the official “real estate buying and selling season” ends, we feel that it is important to look towards the future, being cognizant of the lessons we have learned. Over the last few months we have spent a considerable amount of time discussing various real estate issues and topics on both our blog and social media efforts. We would like to take a moment and talk about some of the really exciting topics and issues we will be discussing over the next few weeks.

The goal with our blog and social media presence is to educate and engage with both current and potential clients. If you are not a fan of Slyman Real Estate Georgia on Facebook already, take a moment and friend us. We strive to create a social media campaign that has interesting and useful information, advice and industry news.

Over the next few weeks, we are really excited to explore new topics that we hope you will find informative and inspiring. Check back for these exciting new blogs and social media posts.

9/12 – Your home has been on the market all summer—NOW WHAT??

9/19 – Kids are back to school and you are thinking of buying or selling

9/26 – My son’s b-day week and oh by the way mine also. I love my family, etc

We are honored that you look to our blog and social media pages to keep up to date with current real estate trends. We hope that you not only find our communication pieces interesting, but useful and educational. As always, it is
our goal to provide both current and potential clients with the best real estate buying and selling information as possible. We stand strong in the belief that what sets Slyman Real Estate apart from other firms is our consultative and personalized approach. 95% of our business comes from referrals, and it is our goal to maintain that percentage. Thank you for giving us the opportunity to serve you and for reading our blog.

 

For more information about leasing one of these outstanding office suites, please contact Paige Slyman directly at
770.405.0100 x 2 or email us at paige@paigeslyman.com

As we approach the end of yet another real estate “selling season,” I feel that it is important to reflect on the relationships that I have been fortunate enough to develop over my career in the metro Atlanta real estate industry. To this day, one of my biggest thrills is to help clients find the home of their dreams. It is this excitement and gratification that has kept me in the industry and why I can honestly say that I love my job.

It is important for me to acknowledge my client’s support and let both current and future clients know that I am not only honored that they have chosen me to be their REALTOR®, but that I take that responsibility extremely serious as well. Over the years I have been able to experience the pure joy and excitement that my clients experience when they realize that they are walking into their new home…and that is something that I am very proud to help facilitate.

As I continue to reflect, I can not help to not only be thankful for my incredible clients, but for all of the gifts that God has brought into my life. I truly feel blessed to be surrounded by a beautiful family and lifelong friends that support me unconditionally. I draw strength and motivation from their support. As I go about my days, surrounded by my client’s dreams of home ownership, I am reminded of my love and gratitude for our great country and the promise of hope that it brings to all of us.

One of the most important lessons I have learned throughout my career is to never take anything for granted. I thank God everyday for my health and the ability that he has given me to give both my family and my clients 110% every single day. I take great pride in being as knowledgeable and helpful as possible for my clients, if simply because they deserve to have the best real estate counsel possible.

I am honored and humbled by the continued referrals by past and present clients. I truly regard client referrals as the highest compliment I could ever receive. It is my personal goal to ensure that every single  Slyman Real Estate client receive personalized attention and know that Slyman Real Estate does care about them as a person and client.

Give us a call at 770.405.0100 x 2 or email us at paige@paigeslyman.com

As one the largest appreciating real markets in the country, Atlanta has become a literal treasure hunt for real estate investors looking to capitalize on the unprecedented amount of good deals in the metro Atlanta area. If you were ever going to invest in the Atlanta real estate market… Now is the time.

However, it is crucial to note that not all investment properties are necessarily good investments. When looking to invest, each property being considered should be held to strict standards and criteria.

Paige Slyman is an expert in investment properties in the metro Atlanta area. For over 2 decades, both new and seasoned real estate investors have been seeking his counsel for his extensive Metro Atlanta real estate knowledge market experience.

In the below information, Paige clearly spells out the five things every property investor MUST take into account before they invest.

Below are the top 5 things to consider when evaluating investment properties:

Return on Investment

As with any investment, it is crucial to make sure that you are buying a property that stands to give you a significant ROI. One way to maximize your ROI is to research the rental rates of the homes in the area. Then the investor must determine what the mortgage and other maintenance and renovations costs will be and compare those figures to determine if it would be a sound investment. Other factors that one should also consider in terms additional expenses are major taxes like Capital Gains Tax.

Paige recently located and assisted an investor in purchasing an investment property for 140k with 15k in renovations with the purpose of putting it on a rental program. The mortgage payment is only $900 and the property is currently renting for $1300 per month. Also, it is important to note that due to Paige’s expertise in property management, he had the property rented within a week. He recommends the average investment property investor target profit between $300 to $400 positive cash flow per month.

Accusation costs (purchase & renovations)

When looking to invest in an investment property, it is important to factor in renovation and maintenance costs, in addition to the original purchase costs. For example, if the property is being sold for 150k but will need 25k in renovations, the additional 25k must be factored in the monthly mortgage payment.

Paige Slyman is an expert in advising clients on the estimated costs of renovations, repairs and necessary upgrades that MUST be done to a home before it is suitable for re-sale or to be rented. Most industry experts agree, unless you are a real estate expert, DO NOT purchase a home for the purpose of renting it or to flip for re-sale without consulting a real estate professional.

ARV (After Renovated Value)

In most cases, when looking to purchase an investment home, renovations will be necessary. However, it must be noted that not all renovations and upgrades are created equal. Paige Slyman is an expert in advising clients on which renovations are most likely to increase the resale or rental value of the property.  For example, it may be more beneficial to update and renovate one area of the home as opposed to another area.  Before purchasing a home for investment purposes, it is advisable to consult with a real estate professional to determine which renovations will be necessary and also have the ARV (After Renovated Value) evaluated and estimated.

Financing

Aside from a favorable selling price, availability of financing that offers very flexible payment terms and low mortgage terms should also be considered. When the monthly amortization is lower than the rental rate your property is earning, you will have a property that can generate positive cash flow, creating an asset that puts money in your pocket. An experienced and knowledgeable real estate professional will be able to guide and assist you through the entire financing process.

Property Condition

When investing in real estate, it is essential that the investor have the property thoroughly investigated to ensure that the home is structurally sound. Often times, properties that are going into foreclosure are not well maintained and could potentially have hidden repair costs. As we discussed earlier in this blog, the estimated cost needed to repair and/or renovate the property should be factored in the cost of investing in the property. A property which needs extensive repairs that are costly should be carefully considered before investing.

In closing, with the proper guidance from a real estate professional that is experienced and well versed in buying investment properties for the purpose of renting or selling the home for a profit, there has NEVER been a better time to invest. Paige has been advising metro Atlanta real estate investors for over 2 decades and he is a real estate investor himself.  Call him today to assess your options and take the first step in becoming a successful real estate investor.

Give us a call at 770.405.0100 x 2 or email us at paige@paigeslyman.com.

For over 2 decades, Paige has been a trendsetter in Atlanta real estate strategy and solutions. As more of his loyal clients are faced with the reality that while they need to sell their home for various reasons, whether it be to downsize, move for career opportunities or the addition of new family members, they might not want to sell their property.

Disgruntled but still hopeful by their situation, many people have turned to Paige to help them solve their real estate dilemma and seek advice that will facilitate both their real estate and financial long term goals. In a majority of the cases, the solution is quite simple actually…Property Management.

Short or Long Term Solution

As the real estate industry continues to appreciate thousands of home owners are turning to property management as a solution to short or long terms gains. This option allows the home owner to keep the home while home prices rise. Allowing someone else to move in and rent your property can provide you with the peace of mind that you are not forfeiting a great deal of more money selling in todays market. Rather you are excited about the much larger profit in the coming years. It also allows you to have the mortgage paid for each month by the renter. It is a win/win situation for all parties involved.

More Renters…Higher Demand…More Money for You.

There is an intense increase in demand for rental property that is causing rental rates to increase, especially in the Atlanta area. This means that if you opt to utilize a property management strategy rather than selling your home, you stand to bring in more cash each month that you can put towards your mortgage or into savings.

Property Management for Investment Purposes

There currently is a huge trend in investors looking to capitalize on the amazing deals in the metro Atlanta area. Many investors are buying properties for the sole reason of putting them on the rental market and allowing a renter to pay for the mortgage, use massive tax deductions, and realize huge gains in a short period of time.

In closing, it is imperative that you seek counsel with a reputable and knowledgeable real estate professional that is familiar with the trends in the area you are looking to buy, sell or invest in. Paige Slyman is an expert in the metro Atlanta real estate market and able to provide you with solid advice that is backed by industry trends, and years of experience.

Give us a call at 770.405.0100 x 2 or email us at paige@paigeslyman.com.