Who is Evan Mayo?
Evan Mayo is a trial attorney and real estate investor located in Charlottesville, Virginia. He began investing in real estate in Charlottesville in 2017 and has a personal portfolio in Charlottesville, Virginia and Harrisonburg. He also works in a real estate partnership based in Chattanooga, Tennessee that raised over 1MM in private capital to purchase 30 units in the past eighteen months. Evan’s law practice focuses on personal injury, defamation, and construction litigation cases. He also advises on real estate tax matters including self-directed IRAs and 401ks. His primary real estate interests are creative financing and the use of equity and debt instruments to permit small and medium-scale real estate investors to continue growing beyond their personal means.
Join us tonight at 6pm
Join us for a conversation with Evan Mayo about techniques for fundraising and using partnership structures to accelerate real estate growth. Evan will share the different structures he has used in partnerships in Tennessee and Virginia to accumulate small multifamily properties over the past two years. He will include tax treatment of these different structures, creative methods to compensate wholesalers, contractors, and silent partners, including collateralization, shared appreciation notes, and an introduction to options as security concepts. There will be a Q&A period following the presentation.
About Harrisonburg Real Estate Investors Network
The Harrisonburg Real Estate Investors network is a group of experienced investors, agents, lenders, attorneys, insurance brokers, contractors, and real estate newbies looking to grow their business. They focus on real estate investing ranging from residential to multifamily investments and active to passive real estate investing. Their goal is to establish a community of real estate professionals, both amateur and experienced, that creates the network and environment to grow everyone’s business. Check out their Facebook page or join their Meetup group to get more information about upcoming meetings!
This month we are excited to announce that we have Paul Moore guest speaking on his journey from Newbie to Commercial Real Estate Mogul! Paul Moore is the Founder and Managing Director of Wellings Capital, a company that manages recession-resistant commercial real estate funds. Currently, Wellings Capital and their investors have invested in over 17,000 self-storage, mobile home park, and multifamily units across the US valued at over $500 million.
Paul began investing in real estate in 2000 to protect and grow his own wealth. He then went on to complete over 85 real estate investments and exits, appeared on HGTV’s House Hunters, rehabbed and managed dozens of rental properties, built new construction and developed a subdivision. Paul is an active contributor to BiggerPockets and Fox Business as well as the author of “The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing (2016). Paul has an upcoming book on self-storage investing and also hosts a wealth-building podcast called “How to Lose Money.”
Come join us this month as Paul discusses his journey to where he is today and what he is currently seeing in the real estate market. You won’t want to miss this one!
Join us live on Wednesday the 18th from 6-8Pm: https://zoom.us/j/91709745792?pwd=R0dBVis3SEllQTB5RWVPY3FtUndXUT09
First impressions matter, and this is particularly true in real estate. Whether you’re looking for ways to increase the value of your home, or just looking for a fun home project, consider upgrading your landscaping.
Multiple sources attest to the draw that a beautifully landscaped yard has on potential home buyers. Martin Eiden, a top broker with Compass in New York City, claims that good landscaping can increase a home’s value by 10 to 15% at the most. Similarly, a study by Michigan State University found that potential home buyers perceived the value of a home with good landscaping to be 11% higher than a home without it. In addition, a survey done by the National Association of Landscape Professionals found that 84% of Americans said that landscaping would impact their decision to buy a home.
With spring weather here to stay, now is the perfect time to make an investment in your home by improving your landscaping. It may sound like an overwhelming project. Where do you start?
Here are some helpful tips to consider as you embark on this project.
1. Think Outside the Green Box
A green lawn has become a staple of the American yard, but there are many quick and easy ways to add on to that to create more interest. To add a pop of color here and there, use potted flowers. Refresh the look of your lawn with new mulch around bushes and in plant beds. Add some outdoor furniture or lawn ornaments
2. Match Your Yard to Your Home
Make sure the style of your landscaping matches the style of your home. If you have a classic style of home, choose landscaping that reflects that style, don’t go for a bold, contemporary statement.
3. Opt for Sophistication
A green rectangle is uninspired. Employing more sophisticated design elements like curved lines for plant beds and an island of plants in the middle of a lawn is much more interesting, and can even result in a higher sale price, according to a survey by Turf magazine. The same survey also found that yards with a mix of large trees and colorful annual plants also sold better.
4. Plan for Each Season
Plan your landscaping so that it will look good all year round. This is especially important for home-owners in a four-season climate. A blog post by HouseCall describes what plants to choose for each season, “blooming bulbs for spring, annual beds around the house during the summer, shrubs with brightly colored leaves in the fall, and evergreens for the winter”.
5. Trees are Awesome
Trees not only increase the value of your property, they also clean the air, provide fruit, provide privacy, and can reduce your heating and cooling bills. What a powerhouse plant! In addition, they are relatively inexpensive to plant.
A study by Landscape and Urban Planning found that homes with trees in the front yard in Portland, Oregon, sold for $8,870 more and also sold 1.7 days faster than those homes without them. A single hardwood tree can remove 48 pounds of carbon dioxide from the air in a year. The U.S. Department of Energy found that strategically planted trees can reduce a home’s energy use by 25%, since they can provide shade in the summer and block wind in the winter. The Tree Benefit Calculator can give homeowners an estimate of how much benefit a given tree can give the neighborhood.
While trees are generally awesome, if you are planting new ones, it’s important to choose their location carefully, making sure they aren’t too close to the driveway or home. Once matured, a badly placed tree can get in the way of power lines or septic system drain fields, a definite detractor for potential buyers.
6. Invest in an Automatic Irrigation System
If you are going to put the time, effort, and money into upgrading your yard, you may want to protect that investment, and reduce your daily time spent maintaining the landscaping, with an automatic irrigation system.
7. Keep it Low Maintenance
While a well-landscaped yard is a definite asset, for most homeowners it’s best to create a yard that is also relatively low-maintenance. Unless gardening is your passion, you’ll get the most economic benefit from a yard that’s easy to maintain.
If you live in an area that’s dry, like California or the southwestern states, consider water-smart landscaping, which features artfully placed rocks with bushes and shrubs that don’t require much water.
In general, plants that are native to the area you live in will be hardier and easier to maintain. They won’t need as much water, fertilizer, or hands on care to thrive in their native environment as something exotic would.
8. Create a welcoming pathway
Visitors and anyone interested in buying your home will encounter the front yard first and enter through the front door. Make a good first impression by designing a pathway to the front door that creates interest. “Ideally, have it winding with plants or a small hedge on each side,” says New York City broker Martin Eiden.
9. Install Outdoor Lighting
Outdoor lighting not only shows off your beautiful landscaping at night, it also provides added safety for anyone coming and going at night, and can ward off burglars. Outdoor lights can now be LED or solar-powered, saving money and electricity. There are a wide range of outdoor lights available, so you can pick up a simple DIY kit at a hardware store, or invest in a professional to design and install a lighting scheme.
10. Edge the Lawn
Since you have put the time, effort, and finances into improving your landscaping, why not finish the job with a nice clean edge around your lawn? This is especially important for home sellers. It will add clean lines and a sense of organization to your yard, overall. This sends a signal to potential buyers that you have kept the property in tip-top condition. For tips on how to edge your lawn, click here.
If you haven't noticed, the north end of downtown has been developing. The former Big L tires has been revitalized into new and exciting businesses including Magpie, the Perch, and Chestnut Ridge Coffee Roasters. Joining the ranks and officially opening their doors the day of this posting is Sage Bird Ciderworks!
If you're anything like me, you have loved seeing downtown embrace the craft beer movement. I can remember when Jack Browns first opened their doors and had 100 beers available. My mind was blown. They knew that the craft beer movement was the future. Zach and Amberlee Carlson, the owners and founders of Sage Bird, are hoping on the craft cider wave that has begun to gain momentum.
If you aren't familiar with cider, I highly recommend watching the interview below or go in and strike up a conversation with Zach and Amberlee. Their passion for the craft is contagious. They will explain that while most people think Cider is similar to beer, it is actually classified as a wine. Cider finds itself in the middle with a plethora of apple varieties and infusions that will leave you always guessing what else could be possible.
At Sage Bird Ciderworks, Zach and Amberlee have decided to focus their craft to what is Virginia. What do I mean by that? They are only using native apples and other ingredients to Virginia. This pure taste of the Commonwealth will push their creative spirits to find new and exciting concoctions you may not find elsewhere.
What about the environment? It's great! Zach and Amberlee are both very artistic and it shows. From the murals on the walls to the graphic design, you are going to enjoy the experience. I highly recommend checking out the back patio space... you probably never knew about the cliffs of Rocktown.
The interview below occurred on July 22nd, 2020.