Luxury Real Estate Broker Beau Blankenship on What to Consider When Investing in a Home
Beau Blankenship has always been destined for greatness thanks to his dedication, work ethic, and winning demeanor. After college, Blankenship played professional football with the Jacksonville Jaguars for a brief period until he was released.
Blankenship’s quest for something to replace the energetic and competitive environment of professional football brought him into the world of luxury real estate.
In the early years of his new real estate career, Blankenship worked for a small boutique broker. But soon enough, that voice in his head told him that he was meant for more. Then he has something bigger and better in his sights. In 2017, Blankenship found what he was looking for when he acquired a Northwest Florida office of the Engel and Völkers franchise. His branch specializes in first-class real estate in cooperation with the Blankenship Group.
Blankenship saw rapid success in its business and was able to scale its business by adding 5 new members. In 2020, his team had a record year with $ 336 million in sales and outstanding. Those numbers also impressed the Wall Street Journal, with Blankenship ranking # 70 in the country for volume sold and # 11 in Florida.
After selling so many homes, Blankenship is now sharing its top piece of advice on what to consider when investing in a home.
Why do you think so many people move?
COVID has changed the way we think about many things. One of these things is our relationship with work and with our work environments. Since we were all forced to work from home, many people pondered their living conditions. People didn’t have to be within driving distance of their offices, so we noticed that people were moving to the suburbs outside of the densely populated cities. And that was especially evident in my market down in Santa Rosa Beach.
What is your advice to people who want to invest in a home?
For those interested in investing in real estate, especially at this unprecedented time, there are a few things to keep in mind:
- Identify emerging markets and areas with recent population growth. Also, try to find out why these changes happened and whether they will continue.
- Would you consider short term or long term rental? What experience do you have in managing rental properties?
- How much effort are you willing to expect, what kind of return? Investment property has advantages and disadvantages that are specific to the type of business you want to do.
Published on April 4, 2021