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CONTACT WALTER

559 S. Washington Ave., Kankakee,IL 60901

P.815.929.9258 P.815.929.9200

walter@waltersanford.com

Walter, thanks for speaking in front of Exit Realty Florida last month. It was great stuff and my agents really appreciated you, your presentation, and your books and tapes. Thanks for an enlightening day! Steve Marabel, EXIT Realty All Stars

READ WHAT OTHERS SAY

Don’t Rent It – Sell It! October 27th, 2016 | Posted in General Real Estate, Other Interests, Real Estate

I know that headline might throw you off a bit since I personally invest in real estate and encourage other REALTORS® to do the same.  Keep calm – this is a letter to potential selling clients!

Instead of taking a home (maybe an expired from an agent who didn’t relist, etc.) off the market and converting to a rental property, maybe the potential seller just needs to know some of the facts involved to convert into a new listing for you!

Name

Address

City, ST Zip

Name:

Many of my clients have thought about renting their homes rather than selling them.  With my experience, I have found that sometimes this is certainly an option, but if that plan is not carefully implemented, it could have disastrous results.  For instance, did you know….

In (your state), the cost of a rental, not including your loan payments, can easily equal 35% of its gross income?  Let me give you an example.  If you are renting a home for $3000, by the time you figure management costs (even if you are doing it yourself), taxes, insurance, vacancy factor of 10%, maintenance factor of at least 10% of the rent, landscaping, attorney’s fees, advertising, and your time – you can easily come up with a figure equaling 30 to 40% of the rent.  Therefore, out of a $3000 rental, you would only be netting $1800.

This market will fluctuate.  I have great experience with tougher markets. Please do a fast figure to see how much equity you would lose if your property value fell 40% from last year’s value to the day that you decide to sell.

It takes approximately two to four years to recover to the price that we might be able to get today.  What that means is not only are you having an immense amount of your rental income and equity eroded by expenses and the depressed market, but also you actually take many more years to recover what you might be able to sell it for today.

You are allowing your equity to sit and make little money.  Consider investing your equity into a higher-appreciating investment for a higher-yielding return. Many people are selling homes, then reinvesting their money in better-opportunity real estate, possibly in different areas or different types of property. Some are moving their equity from a home into a multi-family property that would have better cash flow.

When someone says “I am just going to rent it,” I like to let them know the pitfalls of that decision. If interest rates go up, you could expect months, possibly years, of depressed prices.  I would much rather you have that equity sitting in the bank earning interest, in a piece of property with a better cash flow, or in other investments, rather than watching your equity be eroded.

Please let me know if you have any questions about this analysis.  I am always here to serve you. It is my goal to become an asset and a resource for all your real estate making decisions.

 

Sincerely,

Walter Sanford

Sanford Systems

 

Through the years, I’ve collected many letters for just about every aspect in this business.  Super Emails, Letters, and Web Content is a beast of a manual at over 700 pages with some of the best in my collection!  This manual is the finest of lead generation letters, emails, and web content.  They’ve all been tested for profitability.  This manual will become the foundation of your direct mail, email, and database solicitation department.  Included is the data CD, which is a digital copy for easier implementation.

Check out the details http://www.waltersanford.com/shop/super-emails-letters-and-web-content/.  Call 800.792.5837 and ask for the $50 blog special on this system!

 

 

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