Saturday, June 23, 2012

Sitestar Properties For Sale/Rent.

Check it out. You can even click on the properties to find out more about them.

http://www.sitestar.com/properties/

I am pretty sure that this is not all the property that the company has or has an interest in. Additionally, as I have noted before, I am unsure as to if some of these pieces are owned outright by the company, or, if they are owned with other entities. However, I think that this can give one a good idea for what the company is doing.

Also, check out what Frank is doing on Craigslist in order to try to move the properties. You can get a good idea as well, if you just browse through the Craigslist ads. There are a lot more...

http://roanoke.craigslist.org/reo/3076738935.html
http://roanoke.craigslist.org/reo/3085136052.html

Here is one that is particularly interesting. I remember going to it and thinking that it was a bit overpriced as a house, but that it had some re-development potential. Turns out that the company is selling it based on the fact that it has B2 zoning.




http://roanoke.craigslist.org/reo/3072471413.html

All in all, I would say that the Craigslist presence is a pretty smart move by the company's CEO, Frank Erhartic. I even use it for my own rental houses. I have found that I not only get a better quality of tenants on Craigslist, but, it is free, whereas the local paper is over $100 bucks to advertise for a single weekend!

Disclosure/Disclaimer: I, various members of my family, and our family investment club are long shares of Sitestar and have a 13D filed on the company. I reserve the right to alter our position at anytime. This is not advice of any kind. I assume that Sitestar's webpage is accurate, but have no way of knowing how much it has been updated. Always do a ton of your own research before even contemplating anything that I say, do, write, or so much as think about.

No comments: