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Posted over 13 years ago

♥2♥ with Client/Investment Property Owner * He LIKES Being a MOBILE LANDLORD!

After ActiveRain RainCamp, I spent Thursday night in Charlotte and had lunch on Friday with a client.  During our meal, and after talking about NASCAR, I asked him if and when he thought he would be wanting to sell the townhouse I manage for him.

He looked at me and said NOT IN THE NEXT 5 YEARS!  GREAT for me; however, I asked him why?  Even though his current home (townhouse rental) address has stayed the same for 3 years, his company is still buying and closing companies as they acquire technologies and his Charlotte-area office location has changed twice.

By being SINGLE and MOBILE, he has the pick of good jobs within the company and LIKES not being burdened with selling a home when EMPLOYMENT OPPORTUNITY KNOCKS!

 

His employer knows there are no "relocation" costs with his upwardly mobile climb on the employment ladder.

Meanwhile, HE enjoys MORE tax benefits than a homeowner with the ability to write off repair, insurance, HOA fees as well as the cost of my management so he is living in a nice townhouse in a very desirable area of Charlotte.

And even BETTER news is that the townhouse he owns has been rented almost from the day he left the area and the prospects for continued rental demand is only INCREASING as new hires are moving into the area for government security jobs as well as an expanding medical community with both UVa Medical Center and the new Martha Jefferson Hospital at Pantops.

Wallace S. Gibson, CPM * GIBSON MANAGEMENT GROUP, Ltd.
View our available Charlottesville, Albemarle and Lake Monticello rental homes online with photos and floor plans

"...to be a Virginian, either by Birth, Marriage, Adoption, or even on one's Mother's side, is an Introduction to any State in the Union, a Passport to any Foreign Country, and a Benediction from the Almighty God...." Anonymous


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