China is fascinating. This is a country that has existed since at least 2000 BC. I lose perspective with such large numbers, so let’s put it in different terms. 2000 BC was the golden age for the Egyptian Pharaohs. In the following years, the world has seen Ancient Greece, Alexander the Great, the Roman Empire, the Dark Ages, the creation of Europe, the Renaissance, and the rise of America. Throughout this turmoil, China remained one sovereign country. When we’re building wealth that will last for generations, we can learn a thing or two from China.
Here at Pear Tree Property, we offer a $25 a month discount to new residents if they sign a two year lease. If the resident leaves before the lease is up, then that $25 a month is added to their account balance when we get a judgement. It sounds like a simple win-win scenario – the resident pays less and we have a lower turnover.
How does it pan out in practice? Does providing an incentive to sign a two year lease make sense? This post is letting out a bit of my inner stats geek, but I hope you find it interesting.
When I bought my first home at the age of 18, I had recently read some investment books by real estate gurus and saw nothing but dollar signs and easy living.
It was only much later that I realized something that should have been obvious:
Real estate gurus are full of it.
Welcome to my first blog post! Let’s start by explaining what we do at Pear Tree Property, and why we do it. We invest in Rural Rental Real estate. I thought it would be “fun” to take a look at each of these three R’s. So let’s start with the question: why should you invest in real estate?