Name

Name

Sonia P. Barkley

Personal details

Location

San Antonio, TX

Web

https://pdxrenovations.com

Short Bio

Don't invest in property that has not been personally inspected by a third-party or neutral professional. Though the seller may offer to pay for an inspection, they might use someone who is biased. Make sure your report is neutral. Go with an area you're familiar with. If you specialize in one area, it will be easier to be successful. Perhaps you want to work with fixer-uppers, starter homes or even renting; the key is to find the segment you like and have success with. When you're trying to come up with a strategy for business, know that the costs that are sunk go further than a home's general price. You have closing costs, legal fees, staging costs, and more that may affect the bottom line. When you work on your margin, consider all costs and add these costs to the line item list. Consider the amount of time you can realistically devote to managing property. Issues with tenants can take up a lot of your time. Before it becomes overwhelming, it can be a smart choice to get the help of a company who can handle property management for you. Be certain to choose regions that have good reputations and where lots of people want to live. You increase the potential resale value of your initial investment. You should also seek low-maintenance properties.

History

Member for

7 years 2 months