What makes Mike Yarbrough with Asset Realty Management a good neighbor?

In our latest Good Neighbor Podcast episode, we had the privilege of speaking with Mike Yarbrough, the managing broker at Asset Realty Management. With his extensive experience managing approximately 800 properties throughout East Tennessee, Mike offered invaluable insights into the property management and real estate industry that both investors and potential homeowners can benefit from.

One of the most enlightening parts of our conversation addressed common misconceptions about real estate, particularly regarding home purchases. Mike highlighted that many people mistakenly believe they need 20% down to purchase a home, creating a significant barrier to homeownership in their minds. In reality, qualifying buyers can purchase homes with as little as 3% down, making homeownership far more accessible. While mortgage insurance is required for down payments less than 20%, this tradeoff makes homeownership possible for many who would otherwise be priced out of the market. Additionally, Mike mentioned various loan options available, including first-time homebuyer programs that many potential buyers might not be aware of, furthering opportunities for people to achieve their homeownership dreams.

Mike's journey into real estate is as fascinating as it is inspiring. He obtained his real estate license in Las Vegas in 2008, precisely when the market crashed. Coming from a 20-year career in law enforcement, he faced the dual challenge of entering a new industry during an economic crisis while navigating a difficult divorce with three young children. These circumstances forced him to think creatively about generating business with minimal financial investment. His innovative approach included reaching out to potential renters on Craigslist, which led to his first client and, through referrals, connections with investors that helped launch his career. This experience exemplifies how perseverance and adaptability can transform challenges into opportunities.

Asset Realty Management's success can be attributed to their strong reputation and strategic marketing efforts. Mike emphasized the importance of networking, mentioning his involvement with the Better Business Bureau, the Farragut Chamber of Commerce, and regular attendance at small business functions. These connections, combined with a well-designed website that generates significant traffic, have helped establish Asset Realty Management as a trusted property management company. Their extensive knowledge of the East Tennessee market, covering areas from Philadelphia to Gatlinburg, Pigeon Forge, Sevierville, Maryville, and Oak Ridge, positions them as valuable partners for both investors and homebuyers.

Outside of his professional endeavors, Mike maintains an active lifestyle, enjoying travel and racket sports, particularly pickleball and tennis. His upcoming trip to Dubai highlights his passion for exploring new places, while his continued connection to Las Vegas, where he maintains an active license and office, demonstrates his ability to balance multiple professional interests across different locations. These personal glimpses into Mike's life remind us that successful professionals often cultivate interests beyond their work that contribute to their overall well-being and perspective.

To learn more about Asset Realty Management go to:

https://www.knoxvilleproperty.management/

Asset Realty Management

(865) 393-6447