I know I’ve mentioned him before, those out there in the blogosphere, but I think Tim Arel is definitely in the right business- condos and property management. Before, I mentioned that I looked up to Tim Arel because he was a property manager, but I really think I’d like to take it a step further and actually own some property. Because after a while, it just starts paying for itself.
I know there is always maintenance to do, but owning property can be very profitable. And with owner associations like ones Tim Arel is involved in, sometimes maintenance services come with paying the annual membership fee. And, if I didn’t want to rent it out, and I was really rich, a vacation home in Santa Fe or Mexico would suit me just fine.
Showing posts with label Tim Arel. Show all posts
Showing posts with label Tim Arel. Show all posts
Thursday, January 15, 2009
Wednesday, December 17, 2008
Properity Ownership = Fast Track to Wealth?
With the economy the way it is, I’ve often thought about what a great profit property management must be. You can be from any background (like Tim Arel) and still be successful, as long as you get a good deal on a house and know some stuff about renting and proper landlord procedures. Tim Arel studied Economics, so that probably would come in handy a lot more than my English degree. :)
I think it’s just a lot of networking and knowing the right people too. Tim Arel is a member of several committees and organizations, so that really helps visibility in the property management community.
Maybe, eventually in my life, I’ll be established (and debt-free!) so I can own properties and make a profit. We’ll see!
I think it’s just a lot of networking and knowing the right people too. Tim Arel is a member of several committees and organizations, so that really helps visibility in the property management community.
Maybe, eventually in my life, I’ll be established (and debt-free!) so I can own properties and make a profit. We’ll see!
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