In today's episode of Investing to Win, Garret Wong talks with Fercy Perez, a Business Development Coordinator at Upper Edge Property Management. With nearly five years of experience with the company, Fercy plays a crucial role in onboarding clients, evaluating their properties and investment plans, and ensuring a seamless transition.
Cash flow is a top concern among various types of investors, including novice, accidental landlords and seasoned investors. Approximately 90% of people who use property management services are primarily interested in cash flow. Fercy offers a unique perspective on cash flow. He also sheds light on the importance of considering factors other than cash flow when evaluating potential real estate investments.
Fercy dives into the significance of capital appreciation to long-term wealth generation and how it compares to focusing solely on cash flow. He also addresses the impact of rising mortgage interest rates on investors' cash flow prospects.
Emphasizing the need for a comprehensive approach, Fercy highlights the importance of setting rental amounts that take into account overall costs and long-term stability, rather than solely prioritizing maximum cash flow.
Fercy also points out a common mistake made by cash-flow-oriented investors, and its potential to result in dissatisfied tenants and lease non-renewals. The conversation also explores the notable transformation of the real estate industry into a more technology-driven landscape, along with evolving expectations from investors and tenants.
Join Garret and Fercy as they engage in this insightful conversation, uncovering the balance between securing high-cash-flow properties and attracting quality long-term tenants. Tune in to gain valuable insights and strategies for successful real estate investing.
Enjoy!
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