Acquisitions in a down market
Our strategy of acquisition under valued properties has me a little concerned about how my partners and I will be able to manage to all the new properties, tenant and needs there of. Going forward and acquiring the property makes good sense at this time as most everything is priced at bargain basement prices. No better time to get a move on expansion.
Thinking a head tho we need to get some plan in place before we get into having so many properties to manage to we loose track of it all. Searching on line I came up with Transglobe property management a a possible company that could manage to the tenant needs and offer services for maintaining the properties and take calls from the tenants. Additionally keeping the properties occupied would be very important. With these properties now being all over and no longer close at hand a company like Transglobe property management would be necessary to handle the advertising and screening of the perspective tenants.
With property prices at an all time low and the fact they won’t stay low forever now is the time to strike, while the iron is hot so to speak. I think we would be kicking our selves in the future if we didn’t move on this now. Adding a mix of residential, which we have more or less always shied away from and more commercial properties only make seance. The diversification in the portfolio should make it less volatile to market ups and downs. All in all I think this will be a good overall strategy for us, we have the capitol, the time and pricing is right. I can not think of a good reason not to go forward.
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