Properties
Protecting real estate investors in the Syracuse market.

 

   
 

A Winning Investment Plan

The chances are your investment plans resemble the graphic representation below. This is undoubtedly a winning plan if the market conditions are right, and the good news is that in Syracuse the market conditions are the best they have ever been for investors in managed residential rental properties.

  • Sellers are motivated; the market is at it's lowest point but holding steady;
  • the prospects for the economic future and related property values are wonderful;
  • there are plenty of tenants;
  • major financial analysis entities have designated Syracuse one of the top two real estate investment opportunities in the United States.
The major risk that can make you miserable.

There is one glaring weakness that often breaks a new owner's resolve. The weakness is remodeling and repairs. While there are plenty of properties that will theoretically result in a successful and profitable Cap 10+ purchase, there are also lots of properties in Syracuse that initially look as if they're in this category but are not.

Mel & Jay Management, LLCDeals with about 100 different rental units owned by investors from outside the city - in fact from around the world. Almost 50% of the new owners who seek our services have properties they can't afford to own because the repair costs are overwhelming, or they're in the wrong neighborhood, etc. Mostly, however, they just payed too much initially. Our experience with this issue is the reason for NRG.

You can't enjoy the cash flow positive value growth phase of the investment cycle unless the property is in rentable and marketable condition. Contented existing tenants paying adequate rents are a major part of getting top dollar when a property it is time to sell.

Property Evaluation Form

 

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Internal sources and links.
Home Available Rentals Management Contract Rent to Own Explained
Rental Application Property Mgmt General Rent to Own Benefits Lease
FAQ's for Owners Rent to Own FAQ's Report Repairs Analysis Tools
Landlord-Tenant Relations Free Estimate Vacancy Waiting List Tenant Rights
Property Evaluation Services Chris Moreland Contact Us Email Chris
Email Mel & Jay Investing in Syracuse Investment Outlook in Syracuse Property Evaluation Form
Syracuse Economic Outlook Investment Calculators Lease Contract

 

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