Real Estate Wealth Manager: (That's us). Real estate wealth management refers to the process of maximizing the value and return on investment of a property. The real estate wealth manager is an advisor to the property and looks out for the property owners best interest. They are proficient in repositioning a property and streamlining operations to reduce expenses, increase income and improve property value. They understand real estate as an investment and often deal with strategic and important issues related to the property.
Stocks and bonds are what most people think of when it comes to investment wealth management in our modern economy. Capital tends to coincide more traditionally with corporate ownership as land wealth often takes a back seat or is often considered simple investments that don’t require the same research, forecasting and analytical preparedness. Real estate represents a huge percentage of all wealth in our economy and most likely this is a direct reflection of your wealth as well. How much money do you have in real estate? If you live in your own house, this income is implicit -- living in your own home means you don’t have to pay rent to someone else. But if you’re a landlord, you get checks every month, just like stockholders receive quarterly dividends. And in the same way that a stockholder can use dividends to buy more shares, a landlord can use rental income to buy more property -- thus, rent needs to be counted in the return to housing. If you own multiple homes such as second or vacation homes, you are in a unique opportunity to hold and receive capital gains as the home increases in value from standard inflation. And that total return is higher than people realize. According to new research, the return on residential real estate has been as high as or higher than the return on stock equity. As modern economies have grown and developed, owners of the ground on which we live have been steadily enriched.
You most likely have a professional managing your wealth in the traditional fields so why do you approach real estate different?
The real estate wealth manager is a critical part of your team when buying or selling real estate. Combined with your CPA and potentially a legal council, your team will save you short term cash and increase long term capital gains.
Primary Home Purchases.
- Capital Reassignment: Divorce, 1031s, Trusts etc.