Think-Realty-Magazine-April-2018

PUBLISHER R. Michael Wrenn

FROM THE EDI TOR- IN-CHI EF

PRESIDENT, AFFINITY WORLDWIDE Eddie Wilson | EWilson@AffinityWorldwide.com

The Real Value in Real Estate is You

EDITOR-IN-CHIEF Carole VanSickle Ellis CEllis@ThinkRealty.com

VICE PRESIDENT OF MEDIA SALES Rodney Halford RHalford@ThinkRealty.com 816-398-4111 x86122 NATIONAL SALES MANAGER Teresa Stanton TStanton@ThinkRealty.com 816-398-4111 x86224

s the editor of Think Realty Mag- azine , it is my great honor and

stabilize and bolster our communities.

A

Dissecting that process of adding value for Think Realty Magazine’s readership is my daily pursuit, my constant privilege, and my true delight.

pleasure to communicate with dozens of real estate investors and other indus- try professionals each week to identify the best strategies, the most innovative investment concepts, and the most insight- ful tactics for generating good results and great returns in real estate. My entire job revolves around discovery, research, and analysis of what is going on in our space and how real estate investors are adding value to their individual investments, their broader industry sectors, and their communities. It feels not just appropriate, but absolutely man- datory, then, that my letter to you to open this issue, which focuses on strategies for adding value across the real estate investing spectrum, start out with a personal message to each and every real estate investing reader, from the brand-new investor to the seasoned industry professional: The real estate investing space is so full of poten- tial and sheer, ongoing, daily brilliance. Not just in the traditional sense (as a way to make money), but in terms of who is doing the investing (that’s you!) You come from all professions and points across the educational spectrum, from academics with de- cades of experience in their respective fields to young parents right out of high school saving for their children’s future college educations. You are the epitome of adding value. Investors evolve with the market, support the economy, and

CONTENT DIRECTOR CariAnn Steward CSteward@ThinkRealty.com

In this issue, we’ve brought you the best in

practical strategies for adding value:

ASSISTANT EDITOR Heather Elwing

• We’ve bulked up our “Renovation Rockstar” features with more properties, more hard num- bers, and more lessons learned from investors in multiple markets around the country. • Our special “Value & Appreciation” section features strategies for implementing artificial intelligence (AI) and other high-tech solutions in your business regardless of its current scale, forcing appreciation through practical renovations, and a detailed, cause- and-effect, first-person analysis of how building up a community can improve your ROI in tangible ways. • Our cover feature this month, Lawrence Yun, has held his current position as chief economist with the National Association of Realtors (NAR) for nearly a decade and offers our readers unique insights into the 2018 housing market and asso- ciated, impactful trends. Real estate investors are among the most creative, the most innovative, and the most passionate, determined people on the planet. At Think Realty, it is our privilege to provide monthly fuel for your real estate fire. •

DESIGN CONSULTANTS Rivet | www.WeAreRivet.com

GRAPHIC DESIGNER Emily Bowers

CONTRIBUTING WRITERS Roz Booker, Jennifer Jo Cobb, Susan Dupont, Bryan Ellis, Pamela J. Goodwin, Blake Johnson, Linda Liberatore, Julie Ziglar Norman, Aaron Norris, Desiree Patno, Tammy Phelps, Rich Sarkis, Kimberly Smith, Teresa Stanton, John & Corinne Tesh, Vernon Vaughan, Tyler Van Winkle and Ingo Winzer.

JOIN THE CONVERSATION!

COVER PHOTOGRAPHY Doug Sanford

FOR ARTICLE REPRINTS :: Contact Jeremy Ellis at Reprint Pros, 949-702-5390. www.reprintpros.com. SUBSCRIPTIONS :: The annual subscription for Think Realty Magazine is $28.95 in the U.S. Order online at www.ThinkRealty.com or call 816-398-4085. Provide your full name, address and telephone number. DISCLAIMER :: Think Realty Magazine , its owners, contractors, distributors and their respective representatives do not provide tax, accounting, investment or legal advice and make no guarantee as to the effectiveness or success of any investment or tax strategies discussed herein. Please consult your own independent adviser as to any questions you have or decision you are contemplating. ABOUT THIS MAGAZINE :: ThinkRealtyMagazine isapublicationof AffinityRealEstateMediaLLC.Reproductionoruseofanyeditorial orgraphic,withoutpermission, isprohibited.Wearenotresponsible for thecontentofanypaidadvertisements.Forreprintrights; toob- tainadetailedstatementofourprivacypolicy;and forallsingle-copy requests,addresschangesandothersubscription inquiries:

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CAROLE J. VANSICKLE ELLIS, EDITOR-IN-CHIEF

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