Investors in real estate operate a challenging business which requires perseverance and organization. Priorities are to understand the risks, remaining always educated and building a trusted network. Effective investors know their market and plan for the future by staying on top of current trends, including any changes in consumer spending habits, mortgage rates, and potential opportunities. Most pay strict attention to detail and respond to complaints and concerns of their properties, in a positive and professional manner. By taking this approach investors build a reputation that keeps others interested in working with them.
An Investors Network
There are many programs out there that picture investments in real estate as an easy path to wealth and success. This is partially true because it is so much more. Education and honesty are a large part of the challenge. Savvy real estate investors understand that building a network of trusted alliances are a true business benefit. A team including property manager, lawyers, tax knowledgeable accountants, developers, mortgage companies and of course an informed trusted real estate specialist. A professional network can provide data to inform and educate. This team data will provide information to allow the investor to approach a property with all the facts needed to make a profitable decision. That’s why making a team effort approach is so critical.
Every investor has goals according to their unique needs and demands. The focus remains on acquiring investments that will become profitable and still fit their budget, terms and conditions. Additionally, real estate investors have creative financing options. They can approach private money lenders, hard money lenders, crowdfunding, and partnerships.
Hiring a real estate broker with specialized in-depth experience in a market area is the most important element. The broker needs be an expert on upcoming development projects, zoning ordinance changes, future amenities and attractions in the area. They should be familiar with the local schools, where the nearest shopping and dining areas are, and how public transportation and parking is in the surrounding areas. Projection of future area growth is an important deciding factor on property acquisition.
We Can Help
Katchen Company provides professional sales and leasing services enabling our partners and clients a readily available brokerage boutique. Whether you in the market to sell or lease a property in your portfolio one of Katchen Company’s practitioners is ready to assist. Offering a full range of professional brokerage services and providing expert assistance to investors, sellers, buyers, lessors and lessees gives Katchen Company’s specialists focused insight of the broader market. We open doors and provide real solutions for our select clientele.
Those who partner with Denver’s Katchen Company agree our reputation for quality precedes us. Our professional specialized guidance has led to many satisfying partnership experiences which we have continually grown each year since our inception in 1962. We strive to provide exemplary services including being awarded the Class “A” Contractors License to provide maintenance service for all needs of Denver commercial properties encompassing general repair issues to building code management and construction. Our Property Management team is specialized with custom designed programs to best serve the individual need of our clientele. So we have all the amenities that investors need to enhance their experience before and after that sale!