Rental Investments

    Residential | Commercial | Farms

  • IF YOU ARE TIRED

     

    OF A VERY LOW

     

    RETURN ON YOUR

     

    MONEY?

  • MAYBE IT IS TIME

     

    TO LOOK AT THE

     

    ADVANTAGES OF

     

    OWNING REAL ESTATE

     

    WITH THIS HASSLE FREE PLAN !

  •  

 

Once you decide to try the rental business, you can get started by letting us know. We will set up a private meeting with you to determine the amount that you wish to invest and any other details about your investment goals.


Once we have determined your goals, we will help you to locate a house or houses to purchase. We will search both local MLS and any for sale by owners. If we purchase a house through the local MLS of course we will receive a partial commission which pays us for our efforts. However, if we locate a for sale by owner, we will also help you with that purchase for a set fee which will include an analysis of repairs and assisting with the contract and closing. This will normally be handled for a set fee in the range of $500 depending on the amount of work needed.


We can assist you with financing, if that is needed. If you already have a relationship with your bank and want to stay with that source, then we will work with your banker. If you want to seek new financing, we can help you with that also.


Once we have completed the purchase of the house, then we will co-ordinate any of the needed repairs, clean up or renovations. It is feasible to purchase a fixer up at a reduced price and then complete the renovations. If we oversee the renovations, we charge a 10% construction management fee. If the repairs are minor or just cleanup is needed, then no additional fees would be charged.


Once the house is ready for occupancy, we advertise it in the local paper and with a yard sign. We also receive a number of cold calls each day for rental property. Normally, because our homes are clean and ready to be occupied, they are rented in less than a week.

  

All of our rent is due on the 1st of the month, late after the 5th, except for allowances made for weekends and holidays. We try to collect as much rent as possible by the 10th and then disburse your money to you no later than the 15th of the month. Because of this cycle, it is beneficial, if you are borrowing money, to have your note payments due after the 15th of the month, if you are using the rent to make the payments. Any money collected after the 10th will normally be disbursed the following month.

  

If you are unsure about how this will work for you, then we suggest that you start with one house to get your feet wet. Then you can add more and sometimes you can purchase several in a bundle. Then, in the event you decide to invest elsewhere, you can get out by selling the one house.



“WE WOULD BE HAPPY TO MEET WITH YOU AT ANY TIME TO ANSWER QUESTIONS”


PARR REAL ESTATE


Lynn & Sandy Parr

 

 

Click the botton above for an

online Rental Application

OR

Stop by Rebecca's Flowers at

1217 North Hwy 81 in Duncan, OK.

Email the form to:

lynn@lynnparr.com

Contact Information

Parr Real Estate & Appraisal

P. O. Box 1957

Duncan, OK 73534
Office Phone: 580-255-5166

Cell: 580-251-0523

Email:  lynn@lynnparr.com

For Sale