In times like these when the stock market is topsy turvy, NBI Properties hears from many people who are interested in diversifying their portfolios by investing in real estate. Viewed by some as a safer, less risky investment because it is not subject to the volatility of stocks, the right real estate investment can produce a steady income stream and reap attractive returns. However, because there are so many options available, investors often need help figuring out how much risk they should assume and if they have time to adequately manage their properties.
According to Craig Barrett, co-founder of NBI Properties in Fort Walton Beach, his firm works with investors from all parts of the country. He said that most are content to invest in rental properties and hire NBI for property management services
“We have clients in lots of different states, and they don’t have the time or inclination to be hands-on property owners ” Barrett said. “We do everything for them, including screening tenants, collecting rents, and ordering repairs. New investors who make the mistake of thinking they can manage properties from afar are usually unaware of the time consuming responsibilities they will face as property owners.”
As one of the largest commercial real estate and property management firms on the Emerald Coast, NBI Properties provides valuable services to investors by handling work order requests, ordering inspections, hiring cleaning services, and responding to emergencies. Overall, Barrett said he steers investors toward properties that require few renovations or maintenance while offering a dependable source of cash flow.
“We recommend that investors choose properties in need of few repairs instead of trying to improve a rundown house or business,” he said. “Not everyone has the skills required to flip properties and turn a profit, so we advise clients to invest in properties for the long term.”