From the desk of CEO of Trada.com, Kevin Geddes. A friend of mine, Anthony Navarro, leads business development at Trada and pointed me to this message by Mr. Geddes. It's a good point to take into account when deciding where and what type of investment you want to get into. Are you prepared to manage the property and advertise it?
I was driving around San Antonio today and noticed a very nice looking duplex project. I drove into the subdivision to take a look and it was sad what I saw. The first 4 buildings were managed by 4 different property management companies. 2 of the buildings were in great shape---the yard was mowed, flowers, ect…The other 2 buildings had weeds and grass a foot high. Keep in mind these are brand new. I called one of the companies and they were willing to beat the other management company’s offer. All the buildings were owned by California investors and there were a total of 7 property management companies in the small project. It has ruined the project. The builder doesn’t care because he is selling the buildings as fast as he can. The investors who have bought them have no clue what is going on in the project.
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This is an example of what happens when you are not using a company like Trada. The Trada Group is the only company to develop and sell high quality, investment property across the US to individual real estate investors at pre-construction prices and provide professional on-site property management to maximize returns.
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