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JWB does things differently than most Jacksonville Property Managers. We believe this can be good for you!

The existing property management company model is broken. Here’s why:

Tenant Lease Duration

Were you aware that one of the ways property managers make money is through New Tenant Fees? This is the fee charged for signing a new rental agreement for your property. While getting a new tenant is great, paying this fee EVERY year is not. This is why JWB Property Management signs long term leases.

Long Term Leases for More Profit

We found that signing 2-3 year leases helps lower vacancy and maintenance costs, not to mention saving on new tenant fees. JWB does charge this fee, but our average tenant signs leases over 30 months and we resign over 70% of our renewals, which means you’re not paying this fee every year like you would with other Jacksonville property management companies.

This is why our clients achieve their return expectations!

Want to learn more about investing in rental properties passively? Watch our free webclass and discover the 3 keys that every investor should know before they make their first rental property investment. If you have any questions or if you would like to speak with a member of our team, please fill out the form or give our office a call at (904) 677-6777.

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When choosing a market for your rental properties, there are many things you should look for. For example, property appreciation and population growth are a couple. One of the hottest markets for turnkey real estate investing is Jacksonville, Florida.

Here is some great news Jacksonville real estate investors can get excited about.

Thriving Cities Have Great Downtowns

Jacksonville has put a renewed focus on improving downtown by hiring CEO for the Downtown Investment Authority, Lori Boyer. She brings a lot of experience, vision and goals to Jacksonville to spur growth and economic development downtown.

Lori has set an amazing goal of bringing 10,000 residents to live downtown Jacksonville. The reason this number is so important is this is the resident volume needed to support businesses like grocery stores, bars and restaurants as well as new housing opportunities. When there is an active community of this size downtown, it often attracts developers and new housing growth. With this comes increased rental prices, which is an important benefit for real estate investors.

Want to learn more about investing in rental properties passively?

Watch our free webclass and discover the 3 keys that every investor should know before they make their first rental property investment.  If you have any questions or if you would like to speak with a member of our team, please fill out the form or give our office a call at (904) 677-6777.

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One of our long time clients, Sandy Meyers stopped by to help our team with Mothers Day gifts. While she was in our offices, we asked her to share her experience from working with JWB. Watch the video or read below to see what she had to say.

Gregg Cohen, CEO, JWB Real Estate Capital: I was walking down to the JWB cafe for lunch and ran into our long time client, Sandy Meyers. She’s a Mary Kay rep and she’s helping our team with Mother’s Day gifts. I started talking with Sandy and she was telling me this amazing story about how she was investing with us when we got started and I wanted to share her story with you.

Sandy Meyers, JWB Client: I started with JWB roughly 8-10 years ago and I started small. I met Alex through one of my networking groups and thought, I have a little money sitting around and it’s not even earning me 1%. Alex told me about how they invest in properties and I would become an investor with them and I could earn around 10%. Whoo! Things looked and sounded great so I initially gave a little, then I gave a little bit more.

I’m a native of Jacksonville and I love what JWB is doing to Jacksonville. It gives me goosebumps! There are areas of town, that JWB has gone in and fixed-up homes and made into beautiful rental properties. I’ve seen some of them and they are lovely!

Gregg Cohen, CEO, JWB Real Estate Capital: New construction, changing the face of a street.

Sandy Meyers, JWB Client: Right! I live in San Marco and there have been empty lots and not so nice homes that JWB has come in and built duplexes, and they’re beautiful!

I just love that JWB is beautifying Jacksonville!

Along with that, the customer service at JWB has been amazing. I started with them when they were in a tiny house in the Lakewood area.

Gregg Cohen, CEO, JWB Real Estate Capital: It was this small little place, about 2,500 sq ft, and Sandy had no clue it was that big because we stuffed about 30 teammates in there!

Sandy Meyers, JWB Client: I would stop in from time to time and love that the company provides lunch everyday for their employees, time off when they need etc.

Gregg Cohen, CEO, JWB Real Estate Capital: You are so in tune with us!

Sandy Meyers, JWB Client: You care about your people and I’ve watched your company grow from 4-5 people to…

Gregg Cohen, CEO, JWB Real Estate Capital: A lot, we have around 80 teammates now, it’s crazy!

Sandy Meyers, JWB Client: It’s wonderful. Along the way, if I come across more money, I put more in. I retired a few years ago, after I lost both my parents. I had actually bought a condo to move my parents into. Unfortunately, my mother ended-up in a nursing home, so they ever ended-up making it into the condo.

I unfortunately bought the condo at the peak of the real estate market. I attempted to sell it and it didn’t work, so I started renting it out on my own. Now I wish I would have thought about asking JWB at that time. I thought I could handle it, but it was more challenging than I thought.

I had a tenant who took a golf club to my unit. After that, I said forget it! I’m not doing this anymore. I ended-up selling the unit later and did okay.

I brought half the money I made to JWB and I’m making more on my investment than I did when I was renting it on my own.

No I have no headaches, no worries and no need to even think about it. Periodically, I get my cash flow deposited into my account and it’s wonderful!

It has made my life so much easier not having to stress and now I spend a lot of time traveling! It has truly been a wonderful experience.

I tell all my friends about JWB and how they have made a total difference in my life.

Gregg Cohen, CEO, JWB Real Estate Capital: Thank you so much! You talked about re-energizing neighborhoods, transforming neighborhoods and all that good stuff. We couldn’t do it without you.

Your money, your investment and your trust is what allows us to do all of these things.

Thank you so much!

Next Steps

Want to learn more about investing in rental properties passively? Watch our free webclass and discover the 3 keys that every investor should know before they make their first rental property investment. If you have any questions or if you would like to speak with a member of our team, please fill out the form or give our office a call at (904) 677-6777.

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JWB RE Capital - Turnkey Investing Blog by Gregg Cohen, Ceo, Jwb Real Estate C.. - 1w ago

Have you ever been on a plane with a screaming toddler nearby? Have you ever been the parent of a screaming child on an airplane? Many people can relate to both situations! It’s almost a right of passage of a young parent.

This happened to me when my son was one years old, on the way to Utah to visit my family. I was excited about the trip, booked the flights and was ready to go. I had everything planned, but there were some things that I didn’t take into consideration.

As it turns out, I didn’t consider the time zone difference. Or the fact that we would be traveling during the time that my son typically eats. As a parent, you know how important keeping children on a schedule can be. These small details got overlooked when planning the trip.

To add to the trend of things not going according to plan, the kindle I brought for my son broke the day of the flight. Because of the change in schedule, among other things, my son ended-up in not the best of moods. My wife and I tried everything to calm him down, unfortunately, to no avail.

The next thing I remember is walking up and down the isle, holding my son, trying to keep him calm… during the 5 hour flight! It seemed like 3 hours went by, with me pacing up and down the isle, trying to keep my son calm. If I sat down, things would only get worse.

That’s when I realized how helpless I was as a parent, and I needed help.

I stumbled upon a book, “How to Talk So Kids Will Listen & Listen So Kids Will Talk,” and it gave me a few skills that I’d like to share with you today.

Be Descriptive With Your Praise

It can be humbling when someone a quarter of your size, who can’t even read, can have so much control over you. I learned early on that the more I wanted my son to do something specific, the less likely it was to happen. Even raising my voice would not increase the likelihood of him doing as I asked.

The secret I learned from the book is to be descriptive with your praise. Kids love to hear praise and earn approval from their parents.

If you praise the things that you want to be repeated, it’s more likely to happen.

Get Good At Saying No, Without Saying No

No one likes to be told no. When someone hears no, it can sometimes act as a challenge, daring the declined individual to prove them wrong and get their way.

There are other ways to still tell someone no, without actually saying no. For example, you could answer with a question that would potentially influence the individual to understand that it’s a no on their own.

Let People Learn to Solve Their Own Problems

It’s easy and natural to jump in and help someone find a solution to their challenges, and sometimes it’s absolutely the right thing to do.

But other times, it can help an individual grow by allowing them to find solutions on their own. Letting them solve their problems on their own can help them solve bigger problems in the future.

And you never know, they might come up with a better solution than you would have yourself!

Next Steps

Want to learn more about investing in rental properties passively? Watch our free webclass and discover the 3 keys that every investor should know before they make their first rental property investment. If you have any questions or if you would like to speak with a member of our team, please fill out the form or give our office a call at (904) 677-6777.

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JWB is very different than most property management companies, and we believe you’ll find that is a good thing. We believe our value to you will be far more than what a normal property management company can deliver.

Premium Service Provider for Better ROI

All investors pay attention to fees, but our clients also see the value in premium service because they know it translates to higher returns and a better experience in the long run. Our value begins with the quality team we put together and the core values we follow as a company – this strategy will always beat one based on cheaper fees.

How Investors Benefit

As an owner of rental properties, the length of time your tenants stay is a key factor in the success of your rental portfolio. Most property managers will have tenants sign a one year lease. We have found that longer term leases set our clients up for better returns, which is why our average lease duration is over 30 months. We also resign 70% of our residents who come up for renewal. Our average tenant stay is around 3 years across our entire rental portfolio.

Imagine what kind of impact this could have on your returns! Longer term leases can provide you with consistent, positive cash flow while reducing the stress of vacancies.

Maintenance Price Agreements

JWB does over $1 million in construction each month. Because of this we’ve negotiated fixed pricing with our contracting team which is passed on to you as a client of JWB. This means that you’ll pay much less for repairs and overall maintenance as you’re benefiting from our buying power and preset agreements with quality contractors.

Lower maintenance costs and long term leases over time can make a big impact on your returns!

Next Steps

Want to learn more about investing in rental properties passively? Watch our free webclass and discover the 3 keys that every investor should know before they make their first rental property investment. If you have any questions or if you would like to speak with a member of our team, please fill out the form or give our office a call at (904) 677-6777.

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JWB RE Capital - Turnkey Investing Blog by Gregg Cohen, Ceo, Jwb Real Estate C.. - 2w ago

We wanted to share an article we came across recently in the Jacksonville Business Journal about the population growth in our area. This is good news for existing investors or those thinking of rental property investing in the Jacksonville market.

Jacksonville Population Continues to Grow

The population in Jacksonville, FL grew 2% year-over-year which is over 1.5 million people! This makes Jacksonville one of the fastest growing population growth rates in the country.

What does this mean for property investors?

Growth Market

Population and growth is an important factor when choosing a real estate market to invest in. This is an often overlooked profit center as most focus solely on returns. Cash flow and return on investment are important, but if you’re looking to build a portfolio of properties for the long term, then we strongly recommend researching the market itself as well. Here’s why:

Appreciation

There are many benefits to owning rental property – cash flow, good return-on-investment, tax savings, asset appreciation and more. If you hold your rental properties for 10-20 years, you can also benefit from long term asset appreciation. Analyzing real estate markets in search for those with high growth potential, like an increasing population, can increase your property value and overall return on your investment.

Jacksonville Investors

Clients of JWB choose to invest in Jacksonville for this reason. Our clients enjoy lower home prices, higher rental rates, competitive cash flow, great return on their investment AND great long term appreciation from the growth that Jacksonville offers – which makes their rental property portfolios even stronger!

Next Steps

Want to learn more about investing in rental properties passively? Watch our free webclass and discover the 3 keys that every investor should know before they make their first rental property investment. If you have any questions or if you would like to speak with a member of our team, please fill out the form or give our office a call at (904) 677-6777.

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We are thrilled to announce that JWB has made the Jacksonville Business Journal’s list of Best Places to work again! We’ve been named a Best Place to Work according to the Jacksonville Business Journal in 2011, 2012, 2014, 2015, 2016, 2017, 2018, and now 2019. An interview was recently featured in the Jacksonville Business Journal and speaks to the culture we’ve worked so hard to build up over the years. To read the full interview, click on the image below.

JWB Named One of the Jacksonville Business Journal’s Best Places to Work in 2019

JWB Named one of Jacksonville Business Journal’s Best Places to Work 2019

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A common issue for property investors is lower than expected returns due to exorbitant maintenance costs. Learn how JWB keeps maintenance costs lower than most and how you can increase your rental property returns.

Pay Less for Repair Work

One strategy that has worked well for JWB and clients is to leverage volume when negotiating pricing with contractors for common rental property repairs. JWB manages a lot of properties in the Jacksonville market, and is able to leverage this volume to achieve lower maintenance costs for their investors. This can really add up over time and can affect your overall return on investment.

Avoid Hidden Fees

Many property management companies will mark-up repair costs or charge additional service fees. These fees can be as high as 10-15%! When researching a property management company to partner with on your rental properties, be sure to read all the fine print. JWB clients enjoy lower than normal maintenance costs and don’t pay any hidden service fees so they can increase their overall returns over time.

Find the Right Property Management Company for You

JWB believes in delivering value and great returns, and we know how fees and repair costs affect our clients returns. We use our buying power as a tool to help increase our clients overall returns while taking excellent care of their rental properties. If you’re looking for a property management company that aligns with your goals, we invite you to reach out to our team to learn more.

Next Steps

Want to learn more about investing in rental properties passively? Watch our free webclass and discover the 3 keys that every investor should know before they make their first rental property investment. If you have any questions or if you would like to speak with a member of our team, please fill out the form or give our office a call at (904) 677-6777.

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Learn more about what makes Jacksonville, FL one of the best markets for rental properties:

Hi, I’m Greg Cohen. One of the main reasons clients choose JWB is because of our focus on the Jacksonville real estate market, one of the hottest real estate markets in the country.

Listen to what people are saying about Jacksonville:
  • Forbes ranks Jacksonville add the number two city in the United States to invest in housing.
  • Yelp ranks, Jacksonville has the number two city in the u s for business opportunity
  • Business Insider has ranked Jacksonville as the second most popular city in the US where people want to live.
Why does Jacksonville continue to receive national recognition as one of the top real estate markets in the country?

It comes down to two things:

  1. Strong economic fundamentals
  2. Potential for longterm growth.

When a real estate market has low prices and high rents, there is a cashflow opportunity. If you compare home prices and rent prices in Jacksonville to the rest of the country over the last few years, home prices are 20 to 30% less than Jacksonville, but rents are only five to 10% below the national average.

Sweet spot for rent to price ratio

This rent to price ratio is only found in a handful of markets across the country, and this is what allows investors to earn a positive cashflow on the rental property portfolios. Jacksonville really shines when you consider that most other cash flow markets are located in the Midwest or other slow or no growth markets and other cash flow markets.

Investors can get positive cash flow, but they have little chance for property appreciation over the long haul, and that’s a big deal when you put the numbers to it.

What makes Jacksonville different?

Jacksonville has a special combination of strong economic fundamentals plus the potential for longterm growth and appreciation. Take a look at the numbers from 1985 to 2018 and you can see how Jacksonville’s home prices experienced a much higher appreciation on average than other popular cashflow markets in the US and here’s what this means in real dollars and real returns to your portfolio.

Example:

If you purchased a property for $100,000 in 1985 located in Memphis, your property would be worth $224,500 in 2018 if you’d purchase that same property for $100,000 in 1985 in Jacksonville, your property would be worth $311,600. That’s an additional $87,100 worth of return just for buying in the right market!

I use this example to differentiate why JWB clients choose Jacksonville as their market to build the rental property portfolio, but I should also point out that we don’t factor potential appreciation into the return estimates we produce for our clients. We choose not to include potential appreciation and the returns because we want clients to come to us and to this investment model because of the consistent cashflow and to think of potential appreciation as a nice bonus on top.

Want to learn more about investing in rental properties passively? Watch our free webclass and discover the 3 keys that every investor should know before they make their first rental property investment.  If you have any questions or if you would like to speak with a member of our team, please fill out the form or give our office a call at (904) 677-6777.

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JWB RE Capital - Turnkey Investing Blog by Gregg Cohen, Ceo, Jwb Real Estate C.. - 3w ago

Many financial advisors recommend saving 10 times your salary if you plan to retire at 67.

If you’ve been diligently trading stocks or buying bonds, you might even be close to hitting that goal.

But, what if one drop in the stock market made you lose all the money you’d spent years growing? And what if you were only a few years away from retirement and didn’t have the time to regain those losses?

The good news is, you can protect yourself from these major fluctuations with a strategy called capital preservation. Keep reading to learn what it is and how to make this investment strategy work for your portfolio.

What is Capital Preservation?

Capital preservation is a conservative investment strategy with a goal of preventing loss. This strategy is also called preservation of capital.

In other words, it is a safe strategy that preserves the face value of your money (or financial assets).

This type of investment is meant to be a short-term strategy for people getting close to retirement age. This money is meant to be there when you need it. You may need this money to pay for your living expenses or healthcare when you’re retired.

Basically, it’s the practice of setting aside money for safekeeping. You’ll be protected from market volatility because the money is kept as cash instead of being invested.

This capital is usually kept in bank accounts, CDs, or U.S. savings bonds.

Pros

  • There is little to no risk in this strategy.
  • You’ll be protected from market volatility.

Cons

  • You won’t make much of a profit.
  • Your capital will be at the mercy of inflation.
The Problem of Inflation

Inflation is what makes goods more expensive and drives up the cost of living. It’s also the biggest drawback in the preservation of capital strategy.

For example, if you put $10,000 in the bank today, it will still be that same $10,000 in five years. Meanwhile, the price of everything has gone up in those five years. Even though the dollar amount is the same, that $10,000 is not worth as much as it was when you deposited it.

This is why this strategy is meant to be short term. The longer you use the preservation strategy the less money you’ll end up with because of inflation.

Types of Capital Preservation Funds

Bank accounts like checking or savings accounts are the simplest option. Just make sure that the accounts are FDIC insured. It will protect your money up to $250,000 dollars.

Money market accounts and certificates of deposit (CDs) are also popular choices. You need to make sure these are FDIC insured as well.

Why Your Investment Portfolio Needs It

As you approach retirement age, you need to include capital preservation funds in your portfolio. If you have all of your investments tied up in stocks, you’ll have nothing to fall back on if the market fluctuates.

Because these funds are virtually risk-free, they’re a good balance to riskier investments like stocks and bonds.

Next Steps

Another investment portfolio strategy is to invest in real estate. You’ll be able to invest your capital while also earning passive income.

If you’re looking for more ways to diversify your investment portfolio in addition to capital preservation, consider investing in JWB real estate.

Contact us today to learn how we can help build your portfolio as you prepare for retirement.

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