BUSINESS FUNDAMENTALS
PROPERTY MANAGEMENT
Mind the Gap WHEN SHIFTING FROM SELLING TO RENTING, BE MINDFUL OF A COMPLETELY DIFFERENT BEAST — PROPERTY MANAGEMENT.
by Chris Ragland
I
optimal. So, the real question you should be asking yourself is “what’s my long-term plan?” Noble Capital has been in the real estate investment sector since 2002. And when the Great Recession hit, we had to take a step back and figure out how we, as a company, were going to survive. The proliferation of sub-prime mortgages and subse- quent creation of collateralized debt
products infected almost every cor- ner of the American economy. As a result, all lending activity froze, and traditional real estate investment opportunities completely dried up. But packing it up and walking away just wasn’t an option. In a housing market downturn, the sales of residential properties typically suffer. Since this is a key strategy for our borrowers, we had
f you’re in the business, you probably already know that real estate investment can be one of the most lucrative financial pursuits out there. In a prosperous economy and a housing market that seems to be going from strong to stronger, it’s easy to get caught up in maximizing your profit. But all good things eventually come to an end — or at least become, well, less
28 | think realty housing news report :: june / july 2019
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