If you like our free sample business plans please spread the word by telling your friends about us. S-Corporation wholly owned by Steve and Linda Rogers for purposes of purchasing and owing income producing real estate. Franklin, Tennessee rental commercial real estate business plan pdf market by providing clean, well cared for rental homes to well qualified tenants.
Neither the homes nor the tenants are chosen on a hasty basis, but rather on purposeful, planned and methodical basis. The property selection process is rigorous and based on long term investment standards and tenants are personally evaluated by the owners. The owners of Real Estate Ventures, Inc. Franklin, Tennessee area, a suburb of Nashville. Linda Rogers is a math teacher at Franklin Elementary.
Both owners have access to additional sources of revenue to supplement expenses associated with the investment property. 100,000 inherence when Linda’s mother passed away recently. Steve Rogers will paint the property. A tenant, known by the owners with excellent credit and references, has been located and is ready take occupancy the following month. She has provided a security deposit.
53,750 commercial real estate loan to purchase the investment property. The following business plan will provide a history of Real Estate Ventures, Inc. One of the largest mistakes made by new real estate investors is in poor property selection. Even worse is their tenant selection process, often with little or no background and credit checks. At Real Estate Ventures, Inc. Many real estate owners will fail to take their investment seriously and keep sloppy or minimal business records. Over time this lack of discipline can permeate into other aspects of the business resulting in a downward slide of the business.
Instead of accepting the first person in the door to accept the lease, Real Estate Ventures, Inc. All applicants will be required to pass the credit and background check as well as provide the applicable deposits. References are a must and will always be verified. The goal of Real Estate Ventures, Inc. The property will be clean, well maintained and professionally managed. It is this dedication and drive which will set them apart from their local peers.
The following are what Real Estate Ventures, Inc. Property management – The owners of Real Estate Ventures, Inc. This way, all repairs can be addressed immediately, rents will be collected in a timely manner and the accounting ledger will be kept current and up to date. Invest in only sustainable, high quality investments – Real Estate Ventures, Inc.
Prior to making any purchases, the properties are fully evaluated to determine positive cash flow and long term sustainability. Steve and Linda Rogers, husband and wife. Steve and Linda Rogers are lifelong residents of Franklin, Tennessee. Linda Rogers, a graduate of Middle Tennessee State University, is a math teacher at Franklin Elementary School. Steve and Linda Rogers, the owners of Real Estate Ventures, Inc. 100,000 in inheritance and they decided to use this windfall to purchase and manage investment income properties.
Together they attended several continuing education classes at their local community college and decided upon the subject property for their first purchase. The 1,356 SF house is located in the Red Mill Estates neighborhood. The house is in need of some cosmetic updates to bring the property to current rental market standards and is primarily comprised of new carpet, paint, and laminate tile. The couple plans to subcontract the project and have build-out and completion within 30 days and the tenant taking occupancy thereafter. Steve Rogers personally knows the contractor, Ben Nelson, of Ben Nelson Construction, and has painted many houses for the contractor over the past 15 years.
Nelson has approved the budget and believes that barring weather conditions, the project should be completed on schedule with minimal cost overruns. The contractor is reputable and is well known in the community for its integrity, finishing projects on time, and its quality of workmanship. Steve will do the painting himself. The estimated time to complete the renovation and rehabilitation is one month.