About the Author
Karrie Baysinger is the Chief Executive Officer of Preston Management and has over 22 years of management experience throughout the Texas market. Ms. Baysinger is the liaison to the property owners and provides communication with staff, residents, and vendors alike. Karrie’s management experience includes budget and financial report preparation, contract negotiations, property takeovers, due diligence, and operation management. She is a licensed real estate instructor/broker and has taught property management at a nationally recognized school. Karrie graduated from The University of Texas with a B.A. in Government /Business. She also holds a Spanish degree from the University of Madrid, Spain.
Latest Blog Post
5 Benefits of Real Estate Investing
Investing in real estate is an excellent way to diversify your portfolio and bring in a potentially sizeable income. Properties of all types and sizes can make great real estate investments. Here are 5 benefits of real estate investing that make real estate the investment of choice.
Tenants Pay for Your Investment
Once you have purchased the investment property and have it ready for occupancy, you simply need to advertise to keep it full of tenants. Many areas, particularly large cities, have an ongoing demand for housing. With enough tenants, you will receive sufficient income each month to satisfy the expenses.
Tax Benefits
Investing in real estate has benefits that a regular business does not enjoy when it comes to taxes. This means you get to keep more of the money earned as a real estate investor. You get to enjoy lower taxes and depreciation on the property.
Diversification Value
Adding a real estate investment to your portfolio helps to provide a hedge against losses in other markets. It also tends
There is no substitute for due diligence!
Purchasing the wrong property can be a monumental financial disaster. That is why it is so important to do your due diligence before you made a bid or purchase a property. You need to be very certain of your location before you spend too much time, energy and money there. No amount of paint, landscaping or cheerful office staff banter can make up for a poor location!
This job is too critical to pass on to someone else, unless that person is very experienced, successful in real estate acquisition and management. Even then, that person’s criteria may significantly vary from yours, and his or her property goals may not be the same as yours.
For example, when researching the property, you can identify repairs during a walk-through to help you adjust your realistic budget if you purchase the property. Your banker will want to see this budget and could deny the loan if your figures do not appear realistic, given the condition of the property, previous rental