All Forum Posts by: Jesse Mancuso

Matthews is a great spot with a fair amount of new construction. It also fits your criteria of being within a 25 minute drive of the city for sure. I would also look at Union and Cabarrus counties. A great time to be looking into the Charlotte market though!

I too have had success with turnkey investment properties in terms of quality of tenant and securing long term leases but definitely agree about the limited appreciation. As stated above it really depends on your personal style and strategy.  

@Ricky Davis Excellent point, a highest and best use study is vital to ensure the property is being utilized at maximum potential and profitability. 

Location is everything. I agree with Ryan..make sure you know your neighborhood when preparing to invest. A security system works in several of our homes but is not feasible or economically viable everywhere. 

@Drew Sygit Great points, our company operates under the same criteria. 

Congrats! Looks beautiful!

@Zachary Ray great point regarding property managers who can definitely make the process that much easier!

In my opinion it is a good practice to put affordable (yet durable) flooring in place. The problem with installing a cheaper floor in a rental property is not only the potential need for a quick replacement but also the quality tenant you are trying to attract. While you don't need to put in luxury flooring it is a good practice to find something modern and durable. 

Congrats on obtaining 10 investment properties! Definitely an accomplishment!

@Syed H. you make a great point and it is unfortunate that so many PM's get a bad reputation by those who do not do their job well.