The property selection process is rigorous and based on long term investment standards and tenants are personally evaluated by the owners. believes the key to successful property management is to be committed for the long term in both the property and tenant selection process. are lifelong residents of the thriving Franklin, Tennessee area, a suburb of Nashville.
The property is located in the Franklin City Elementary School District.
The property is clean and well maintained by the original owner.
Updates to the property will primarily be cosmetic to bring the property to current market standards. provides clean, quality homes in growing markets to well qualified tenants. Supplemental income will include: Forfeited Deposits Bounced Check fees (NSF) Late charges Damage and Cleaning Charges Application fees Pet Charges Lease Termination charges There are seven rental income properties within a 1 mile radius of the subject along with several multifamily apartment units.
For comparison purposes, the multifamily units have been excluded from this comparison.
The subject rent PSF is $0.98 and compares favorably with the market.
Real Estate Holding Company Business Plan
Following is a table outlining the local comparables: N/A N/A N/A Real Estate Ventures, Inc.At Real Estate Ventures, Inc., the owners are extremely devoted to their business and their commitment to the long term can be seen in their extreme dedication to both their properties and their meticulous selection process of finding long term tenants. Steve and Linda Rogers are lifelong residents of Franklin, Tennessee.Steve has an established business and has owned his paint business known as Pro Star Paint for 15 years. Steve and Linda Rogers, the owners of Real Estate Ventures, Inc.According to the University Of Tennessee’s 2012 Economic Outlook, Williamson County is one of the fastest growing counties in the state, expanding by 44.7% over the prior year.Health Spring, Community Health Systems, Healthways, Home Instead Senior Care, Med Solutions Inc, Magazines.com, the Provident Music Group, Renal Advantage Inc, World Christian Broadcasting and Nissan's North American headquarters are based in Franklin. is a newly formed S-Corporation wholly owned by Steve and Linda Rogers for purposes of purchasing and owing income producing real estate. fills the void in the local Franklin, Tennessee rental housing market by providing clean, well cared for rental homes to well qualified tenants.Neither the homes nor the ten\ants are chosen on a hasty basis, but rather on purposeful, planned and methodical basis.In addition to their outside revenue, the Rogers received a 0,000 inherence when Linda’s mother passed away recently. is purchasing their first investment property, a well maintained single family home located in the highly sought after Red Mill Estates subdivision. has a contract on the house and the sales price is 7,500. It is estimated the repairs will take one month to complete at a cost of approximately ,000. are requesting a ,750 commercial real estate loan to purchase the investment property.The property is in need of some repair and maintenance (primarily cosmetic). will contract the work to a well known contractor that is personally known by Real Estate Ventures, Inc. A tenant, known by the owners with excellent credit and references, has been located and is ready take occupancy the following month. The credit facility will be based on 15 year amortization and have a loan to value ratio of 50%.Below is a detailed summary of the Construction Budget: 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. The estimated time to complete the renovation and rehabilitation is one month. has located an approved tenant for the property as well.