Land Rich and Cash Poor
I don't pretend to or even aspire to be rich, but from the moment I escaped the womb, my mantra must have been "Land, Gimme Land." In fact, I think Cole Porter's Don't Fence Me In must have been playing in the background when I popped out. So while some people were saving their pennies for trips to Europe, nice clothes, or fancy cars, I was putting them aside for a deposit on some real property.
So now I am faced with having to find somebody to help me manage one or more properties which are in locations that are currently hard for me to get to.
A company from Ft. Thomas, Kentucky caught my eye because they are realistic enough about today's economy to advocate the use of Lease/Purchase arrangements. I have long considered Lease/Purchase to be the best situation for both sellers and buyers, yet many people, even real estate agents seem to be unaware that such an option even exists.
They have a nice write-up on the advantanges of Lease/Purchase here:
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This company, which belongs to the National Association of Residential Property Managers, is full-service, whether you have just one house to rent or a hundred units. They have been featured in the Bizjournal in Ohio and received a "Franchise of the Year Honorable Mention" award and recently signed an exclusive agreement with Freddie Mac.
Sadly, although they manage over 20,000 units nationwide, what they don't have is any offices in my area. Maybe you will be luckier.