Real Estate Investor Magazine South Africa Real Estate Investor Magazine - August 2017 | Page 51

ATLANTA
Managing Your Property
Investment Offshore
Cash flowing properties in Atlanta professionally managed
BY RJ PALANO
P
roperty Management is the foundation block of
all cash flow houses. Living in South Africa, it
would be impossible to manage from a distance.
Even those who live in the US and do everything
right, can still fail miserably with the wrong property
manager. That’s why we spend time with you based on
your needs as an investor.
When we first circled the wagons around Atlanta
6 years ago, we tried a local property manager out of
Fayetteville. After 30 days, we fired them. They simply
didn’t care about our money as much as we did. Then,
we tried another company. Worse! After 45 days they
didn’t even have signs on the houses!
That’s when we knew we had to run it all internally and
thus, we set up shop in Atlanta with our very own property
manager, Anthony Salmeri and National ERA Servicing.
The high demand for cash flow houses in the U.S. has
sparked the development of new property management
companies throughout the country. As a result, there
are many novice managers in the business. All I can
say about that is: nothing takes the place of experience
in this business. We have had to cut our teeth in this
business since 1979 and we’ve learned our hard lessons
with our money. You see, back then we only managed
our own properties. Thus, every bit of wisdom we
attained through our experiences was on our dollar.
After managing thousands of tenants over the last 35
plus years, we’ve continued to modify our approach and
systems to accommodate investors like you.
I would never give my money to a young stockbroker
who doesn’t have any money in the stock market, no
more than I would give it to a property manager that
doesn’t own property.
Experience is the greatest teacher and it’s the systems
and know how that govern a company’s behavior that
will determine the profitability of cash flow houses for
the investors they serve.
Property managers need to be book smart, but more
importantly they have to be street smart.
A few distinctions between our property
management and our competitors:
www.reimag.co.za
1. Our tenants are on 3-year leases, not one year.
2. Our tenants have an option to pur