It’s that time of the year again. Both charities and giving should be a top priority for every investor in the real estate industry. However, some investors may be constrained by tight economic times. If the money isn’t a problem, many investors may not be sure who they want to donate to. So what are some of the best ways for real estate investors and investment companies to give and help others?
Seven Christmas charity ideas for investors to consider:
1. Monetary Donations
Real estate investors that are financially capable will find plenty of opportunities for donating cash. Choose from an array of funds, charities and seasonal campaigns and find one that is closest to your heart. It doesn’t have to be huge. Every penny counts. If everyone felt their gift wasn’t big enough, no one would end up giving. Just a few dollars can change a family’s life.
2. Give the Gift of Property
Gifting a property to someone is one of the most gracious things an investor can do. With that being said, there are several ways in which this can be done. From income producing property, which keeps on giving and providing, to offices or retail properties, the options are endless. Some real estate investors may even have the capacity to give homes or entire ranches. Doing so may provide your company with the endorsements it needs to thrive in the New Year.
3. Give the Gift of Giving
You certainly aren’t the only one searching for great Christmas charity ideas. Charity and philanthropy is on the minds of many. However, many simply don’t have the capacity to do it. Many would rather give than receive. So why not help them by providing the gift of giving. Consider donating gift cards to individuals, as they will be allowed to reciprocate your gracious deeds. Gifting is contagious. Pass it on.
4. Find a Family to Help
One fantastic way to have a big impact on a local level is to choose an individual or family and make their dream Christmas become a reality. This can range from simply dropping off a few gifts to bringing a whole tree and supplying the turkey for their dinner. If you don’t personally know anyone that is really in need, ask local churches, community leaders and other real estate professionals.
5. Fundraisers for Charity
Brand new real estate investors that are just now bootstrapping their way to their first deal can still use their connections to start a fundraiser. Just make sure you go about it accordingly. There are several regulations that need to be followed.
6. Cut Tenants Some Slack
For buy and hold real estate investors with rental properties, this can be a great opportunity to do some good and lower your own stress level at the same time. Odds are, a good number of tenants are going to be late on their rent anyway. No matter what they are threatened with, it won’t make them pay any faster than they are able to. So put the scrooge on ice and cut them some slack.
7. Give Distressed Homeowners a Break
There are many ways to give struggling homeowners a helping hand without completely losing focus on your real estate business. It could be going back to sellers that didn’t budge before and offering them better terms, making offers that allow those in foreclosure to stay in their homes until after Christmas or helping to line them up with a new apartment.