Whether you're a first time investor, a seasoned veteran or an
equity fund, Investors' Choice Property Management Group (ICPMG) can help you identify, locate, negotiate,
close, rehab, lease, and manage houses intelligently in the
Atlanta market, and you can benefit from our 8 years of mistakes
and successes. Our company owners have bought several houses for
their own account and placed over 150 with investors.
Investors' Choice Property Management works with licensed real
estate professionals, our company focus for the past 8 years has
been non-owner occupied investment homes.
5 ways
ICPMG
can help Investors and Landlords:
1. Acquisitions Services
Owners of ICPMG have been buying houses in Atlanta for over 30
years. We understand better than most the ins and outs of
buying houses in this market. We can help you develop a
profitable model, identify the best locations and inventory
suitable for your profile. In addition, we can assist you in
purchasing foreclosures, bank owned, listed, short sales, or for
sale by owner.
Identify your investment model
Many investors want to own rental property but haven't clearly
identified their model, objective, or financial priorities and
need help defining what type of property best fits their
objectives. We've assisted small investors, equity funds,
foreign clients, rehabbers, hands-off long term investors,
syndications, and asset managers in this evaluation process. Our
perspective has been shaped by hundreds of clients over the
years and our goal is to help you
think through your options. We'll listen to your
ideas and help you identify the slice of the Atlanta market that
will best fit your financial model.
Whether you're looking to buy $50,000 or $300,000 houses, we can
help with identifying the right location and acquisition
strategy for your specific model. We can help identify where the
best cash flow is, where the best appreciation will be, what
parts of Atlanta will work for your model and where to locate
the best inventory of those houses you feel will accomplish your
unique investment strategy.
Identify sources of available
inventory
ICPMG has the knowledge and experience to help identify how to
locate the properties you're looking for. We have staff that
know every part of Atlanta and can help locate the properties
just right for your portfolio.
Methods of making offers
Whether you're looking to buy at
foreclosure auction, through the MLS service, from
REO asset managers or directly from the seller we can help
identify the best method of making offers.
Note: Occasionally
investors have chosen traditional
sales brokers to handle the acquisitions and just
need someone to help with quality control, i.e., rental comps,
areas of town to avoid, HOA leasing rules, etc. While a
traditional real estate broker may be able to provide you with
options that look good on paper, often times we find that many
do not fully understand property management enough to know what
looks good on paper may not always play out in real life.
Remember, knowing what not to buy is just as important as
knowing what to buy. If you're not careful all your precious
cash flow may evaporate into reality and your sales broker may
not be around to share in your stress. That is why you should
partner with crown when investing in the Atlanta market.
Assist with contracts to closing
We have systems and staff trained at making offers, managing the
due-diligence issues, getting rehab quotes, coordinating with
legal counsel, and walking you through the actual closing
process. We have a 20 year relationship with attorneys that
specialize in representing investors in the buying of
foreclosures, REO properties and normal MLS listings.
Note: Be careful
letting your sales agent be your sole representative at a
closing, especially when the closing attorney represents the
seller.
Assist with Foreclosures
We can help you think through the research and monthly bidding
process for buying houses at the courthouse steps. We've bought
many at the foreclosure auction and can help identify the
systems, staff and processes you need to put this purchasing
strategy in place.
Assist with post foreclosure
(Intake) process
Often you'll secure homes that have been vacant or have
occupants (past owners or tenants) to deal with. We have the
systems in place to deal with evictions, renter's claims, cash
for keys, conversions to tenants and the litigation that often
occurs when foreclosures are disputed by the owner.
Assist with post acquisition
Often there are issues to deal with after you secure a property
that need local boots on the ground including such things as
re-keying, trash out, securing utilities, termite bonds, pest
control, punch-lists, yard maintenance, installing lock boxes,
dealing with hostile Homeowner's Associations, past owners, past
tenants and disgruntled neighbors. We can do it all or let you
select which service you need. Over the years we've negotiated
great prices from local vendors and can pass these savings onto
you or your group.
2. Rehab and Contractor Services
Often houses are bought in poor condition and need rehab work
before leasing. Unless the
property is move-in ready, you will need assistance getting it
in good shape to lease in a competitive market. In our
experience, it is ideal to have one company managing the
transition from acquisition to rent ready for marketing.
We have all the renovation services needed to do rehabs of any
size. We'll get the bids, get your approval and then manage the
money and the job. We typically manage $1.4M to $1.7M of rehab
and maintenance work each year so we have the bidding and
execution process down pat. You can get us involved during the
due-diligence period to get a handle on what it will take to
make it rentable. If you prefer
to handle this on your own we would be happy to help
with a punch list after you secure the property.
3. Leasing and Managing Services
ICPMG's reputation and track record in metro Atlanta is
impeccable. Our core competence has been leasing and managing
for over three decades. We lease homes quickly (see 30 day
guarantee) by harnessing the best advertising, co-oping with
other brokers and qualifying tenants swiftly (but diligently).
Our policies, procedures, documents and forms set the industry
standard equipping us to manage your properties with confidence;
profitable and by the book.
4. Exit Strategies
Lease Purchase
One of the best exit strategies we mastered over the last 8
years is Lease Purchase. We have made plenty of mistakes and
have learned how to structure them properly so they get closed.
We have done them for private investors, banks, lenders, REIT's,
builders and other brokers. We teach seminars on Lease Purchase
and get rave reviews from licensed and unlicensed landlords on
our materials and expertise. A lease purchase is a very
profitable exit strategy because it saves on closing costs,
eliminates vacancy expenses and maximize profits.
Package for resale to equity markets
If your strategy is to package houses for REIT's or equity pools
you'll need good records and lots of data for preparing your
portfolio to resell. We know what that looks like and can help
you package blocks of houses to move to other investment pools.
Retail Sales
Our agents are members of the local MLS service ICPMG and have
has sold houses for investors for 8 years. We have access to
fully trained licensed agents to handle every detail of the
transaction.
5. Additional Suite of Services
There are several other services
ICPMG
can provide that may be
helpful to investors.
International Investor Support
Services
If you are an international investor we can help with forming a
Limited Liability Company, local mail drop, paying taxes,
insurance and HOA dues, bank relationships, Tax ID numbers and
all the services you need to buy and hold real estate in the US.
Title Holding Strategies
If you need strategies to become an invisible owner we know what
to do. We've been training title holding strategies for 15 years
and understand the issues better than most attorneys.
Tax Free Exchange
US taxes can be painful on real estate profits if you pay them.
The tax code offers some techniques to not pay them and we can
help you think through the alternatives.
Investor Financing
The investor financing options are constantly changing and we
generally know who is offering the best non-owner occupied
loans, even for LLC-owned homes and international investors.
Short Sales
Some of the best buys are from owners that are upside down with
their mortgages. They may take more time but they can also be
very profitable. We have the system and attorney specialist in
place to help you capture these bargains.
