The Wall Street Journal keeps a close eye on the rental property investment landscape; they understand what a complex process it can be to buy and manage a rental home. JWB Real Estate was featured as one of the pioneers working to remove the typical barriers to rental property investment. The company is making rental investing more accessible with a comprehensive process.
In the article, JWB President Alex Sifakis recommends the strategy for long-term investors.
“Owners can manage the house themselves or hire a local firm. Most use JWB’s management arm. Rent increases and an eventual sale of the house can boost returns. But investors shouldn’t expect to make a quick buck by flipping the house soon after they buy it, cautioned Alex Sifakis, JWB’s president.
“’This isn’t a get rich quick scheme,’ he said. ‘You’re buying for market value. We tell clients they should hold for a minimum of five years or you shouldn’t buy it.’”
The article goes on to share typical returns from big players in the market:
“In a typical turnkey deal, a Jacksonville, Fla., house sold by JWB Real Estate Capital for $150,000 will rent for about $1,175 per month.”
Peter Grant of the Wall Street Journal shares the details of how this strategy is changing the game for rental property investing. Click to read more.