How to Get Rich Slowly in Real Estate

I started investing in residential real estate in Champaign over thirty years ago, and I’ve been an owner and manager ever since. Owning and managing rental property is one of the few ways I know that ordinary people can accumulate wealth into the millions of dollars during a 15 or more-year term.  I call this “How to Get Rich Slowly in Real Estate.”

dog on blanket

Rental Pet Policy

We understand that pets can often significantly contribute to an individual or family’s quality of life, and we wish to accommodate tenants with pets wherever possible. However, experience has taught us that the presence of pets in a rental home can sometimes result in thousands worth of damage, most frequently the result of pets urinating on carpeting or hardwood flooring which then must be replaced. With this in mind, we employ the following guidelines in making decisions concerning the acceptability of pets:

Options for Buying and Selling Transitions

Every year, hundreds of families sell their homes and purchase new ones. Nevertheless, the process can sometimes be a little complicated. In what follows, we will discuss some of the important issues which need to be considered.

Time Is Money

One of the reasons most people give for wanting to be a “For Sale by Owner” is they think that they can end up making more money from the sale of their home than they could if they hired a REALTOR. It’s been my experience that, for most people, it just does not work out this way

Steps to Successful Showings

You’ve worked hard to get your home ready to sell both on the inside and the outside. Now, it’s time to make sure that your home will be presented to potential buyers in the best possible way.