TR Jan-Feb 2024-lr

because the entire community benefits from investments in safety. Investors may also invest in infrastructure enhancements such as sidewalks, street- lights, and landscaping. These improvements make the area more attractive and functional for everyone. Well-maintained streets and public spaces create a sense of pride and community identity, making residents feel more connected to their surroundings. MORE TAX REVENUE Real estate investing generates more tax revenue for a community. When properties are improved, the owners pay higher prop- erty taxes. This additional revenue can be used to fund essential services such as public schools, roads, and health care facilities. The community can invest in infrastructure development, educational programs, and public safety initiatives with increased tax revenue. These investments further contrib- ute to the community's overall improvement and enhance its residents' quality of life. SAFER NEIGHBORHOODS Real estate investing can help create safer neighborhoods. Well-maintained and visu- ally appealing properties tend to attract fewer criminals. Investors often prioritize security solutions (e.g., surveillance systems and well-lit areas) that deter criminal activity. Additionally, when investors open businesses on their properties, they often hire security guards and implement additional security measures. These measures not only protect their businesses but also contribute to the overall safety of the community. Furthermore, real estate investment can foster a sense of community pride and

THE REHAB HOUSING OPPORTUNITY NUMBER OF UNITS BY DECADE BUILT

143,772,895

% BY YEAR CUMULATIVE

TOTAL HOUSING UNITS

2,686,658

2%

100%

BUILT 2020 OR LATER

14,434,243

10%

98%

BUILT 2010 TO 2019

19,956,257

14%

88%

BUILT 2000 TO 2009

17,273,676

12%

74%

BUILT 1990 TO 1999

18,520,920

13%

62%

BUILT 1980 TO 1989

20,187,785

14%

49%

BUILT 1970 TO 1979

14,046,870

10%

35%

BUILT 1960 TO 1969

13,605,960

9%

26%

BUILT 1950 TO 1959

6,315,255

4%

16%

BUILT 1940 TO 1949

BUILT 1939 OR EARLIER 12% SOURCE: U.S. CENSUS BUREAU, 2022 AMERICAN COMMUNITY SURVEY 1-YEAR 16,745,271

ownership. When residents see their neigh- borhood being improved and invested in, they are more likely to maintain its safety and security actively. Neighbors look out for one another, forming strong community bonds and discouraging criminal behavior.

John V. Santilli is the chief revenue officer for RFG. He joined the company in July 2019 and is responsible for all opportunities connected to its RFG, including expanding the company’s sales channels to maintain its position as a leader in rehab financing. Before joining RFG, Santilli had 25 years of lending and marketing executive leadership experience across multiple private and public marketing-dependent companies. He managed companies from startup to maturity, ranging from $2.5 million to more than $50 million in annual revenue. Santilli earned a master’s degree in management from the University of Pennsylvania and a bachelor’s degree in business administration with a concentration in marketing from Drexel University. the communities in which the properties are located. The benefits of real estate investment are far-reaching, from increased property values and job creation to improved infrastructure and safer neighborhoods. Investing in real estate allows investors and community members to reap the rewards of a thriving and attractive community. • This positive feedback loop contributes to the community's overall growth and development, creating a vibrant and desirable place to live. Real estate investing is not just about finan- cial gains; it is also about positively impacting

A SENSE OF PRIDE

Finally, real estate investing can help improve a community by instilling a sense of pride among its residents. When an area is well-maintained and has attractive properties, it creates a positive image and reputation. This pride encourages residents to take ownership of their community and work together to improve it. From orga- nizing community events to participating in neighborhood improvement projects, res- idents become more engaged and invested in the well-being of their community. A community with strong pride attracts more potential residents, investors, and businesses.

thinkrealty.com | 45

Made with FlippingBook Online newsletter