Cheryl A. Boone

How Real Estate Professionals Can Benefit from Working with Real Estate Investors

Whether you are dealing with multi-unit properties, self-storage units, or other types of commercial property, a successful real estate investor is an extremely promising client for any real estate professional. Here are some of the main benefits of working with an investor from a real estate professional’s perspective:

• An active investor may buy several properties over the course of a single year. If you are mutually satisfied with your first transaction, you may find yourself with a steady client and a promising source of steady commission income. Working with one investor can also open up your opportunities to network and work with additional investors.
• Investors usually have different criteria for selecting properties than tenants and renters. Investors are primarily focused on buying properties that meet their criteria of investment. If they believe that a property will generate a steady cash flow and it lies within their financial scope, they are likely to make the investment.
• A knowledgeable investor can be an invaluable resource for propelling yourself into the investment world. Successful investors find a way to keep busy and prosper no matter what the economic climate is like. Working with investors allows you to see what types of investment strategies and goals work, which will give you valuable ideas for thriving at any point of the business cycle.
• You can turn your investor’s past experience to your own advantage, using his knowledge to steer yourself in the right direction. Talk to the investor about how he approaches each investment opportunity—how he targets specific investment areas, what his criteria for investment are, and how much rehabilitation he is willing to do on a given property. How does he gauge the health of the real estate market, and how does that affect his decision to make each investment?

For more information about commercial property investment, contact Cheryl A. Boone, an experienced investor educator whose specialties include multi-unit investing, self-storage investing, and mobile home community investing. To schedule an appointment to discuss your investment strategy, call our office today at (443) 955-6327.

The Benefits of Investing in Commercial Property Rather than Residential

Should you invest in commercial property or residential property? It’s the question every would-be investor has to settle before entering the world of investment. Here are some of the major advantages of investing in commercial property instead of residential:

• Lower Vacancy Rate: Tenants tend to have longer leases or can’t move their mobile in the realm of commercial real estate. While investors who manage residential property may have to find new renters every few months, commercial property tenants tend to stay in one place for longer periods of time. Even commercial properties that require renters, such as apartment complexes and mobile home communities, are less of a risk than single-family homes, given the greater number of tenants who will be providing rent at any given time.
• Simplified Management: Commercial properties are generally easier to manage because the renters—or the property manager—will handle most of the maintenance issues. In most commercial leases, this is explicitly stated. Residential investors will likely have to address complaints from neighbors; but with multi-unit properties, the property manager can settle disputes between tenants.
• More Flexibility: Since so much of the day-to-day management is handled by others on your behalf, it is also easier to invest in commercial properties that are outside of your own area. Commercial property investors therefore have far more freedom to choose among potential investments.
• Reliable Cash Flow: Investment experts tend to agree that maximizing your cash flow and minimizing your vacancy rate are the keys to succeeding in investment. In general, commercial property offers better cash flow than residential property. If you have made a good investment and planned out the things you need to do through your hold time, you can look forward to a steady profit from your commercial property until your planned exit.

For more information about making smart commercial property investments, call Cheryl A. Boone at (443) 955-6327. Cheryl A. Boone is a professional investor educator who specializes in helping investors in a fast-paced and complex financial environment. Visit our website to learn more about our services.

Avoiding the Pitfalls of Owning a Mobile Home Community

Are you considering investing in a mobile home community? As lucrative as this move can be, it’s important to do your homework. With the proper knowledge—and qualified guidance from a professional—you can avoid common mistakes that new, uninformed investors often make.

Invest in areas that are growing.
It’s simple arithmetic: If an area’s population is growing, there will be more potential renters for your community, whereas a shrinking population means a smaller pool of customers. Investigate the competition’s rental prices for mobiles and for the land, then compare them with that of the community you are considering investing in.

Look at older communities.
It might be tempting to invest in a high-end mobile home community with a swimming pool and other amenities. However, the smartest investments—especially for first-time investors—are older, less expensive communities. By buying distressed properties you are easily able to add value to the property in several ways, hence, increasing the cash flow which in turn increases the value of the investment.

Don’t micromanage your investment.
Mobile home communities are as demanding, or as easy, to manage as you make them. If you interact with your tenants, you will find yourself answering questions from them on a daily basis and taking on other duties that will consume a lot of your time. Taking a hands-off approach to managing your mobile home community is the key to being a smart investor. Hire or train a qualified manager to over sea day to day activities.

Look beyond your area.
Some investors worry about buying properties that are not located in their area, but this can be advantageous because you will have more options and more flexibility. A mobile home community isn’t the kind of investment that requires its owner to visit every week.

Do you need investment guidance? Cheryl A. Boone is an investor educator in Maryland who works with commercial properties such as manufactured homes, multi-units, and self-storage. Visit our website for more information about our services, or call (443) 955-6327 if you have any questions.

Check Out These Great Links From The Mobile Home Man:

If you are thinking about investing in a mobile home community these resources may be helpful:

• Read more about investing and new updates in the mobile home communities market by visiting his blog: The Mobile Home Man Blog. 
• To visit his website click here. 
• To watch helpful videos click here. 

If you’re getting ready to invest, then contact the offices of Cheryl A. Boone.  We can help you with multi-unit, mobile home, and self-storage investment or assist you with private placement memorandums. Give us a call today at (443) 955-5367.

Connect with Cheryl A. Boone On LinkedIn

Cheryl Boone is now on LinkedIn. To connect with her just send an invite at www.linkedin.com/in/cherylaboone.