CEO/Founder Mike McMullen shares an update on the company’s continued expansion in the state of Florida. In addition to the homes built in the Sun N’ Lakes community in Sebring, Prominence Homes will soon begin the process of building single-family homes in Lakeland, a city that sits between Tampa and Orlando.

Attempting to manage multiple properties can be a challenge, even to the most experienced investor. Working with a property management company can help alleviate the headaches associated with dealing with multiple investment properties. CORE Companie’s property management company, America’s Rental Managers, handles all facets of the property management process and allows the investor to reap the benefits of their investment while not having to be as hands-on with the day-to-day tasks.

CEO/Founder Mike McMullen explains how the tax legislation signed in 2017 allows for anyone actively involved in real estate to be eligible to cost segregate their properties, resulting in a significant tax write-off.

CEO Mike McMullen explains why he prefers purchasing single-family rental units versus multi-family. McMullen points out that the ease of entry and exit, along with a more extensive buyer pool, provides opportunities for investors to pursue other ventures when buying in large quantities.

Vice President Robert Bygrave explains how investors can maximize returns on their properties by purchasing new-construction homes, noting that little-to-no maintenance costs in the first few years will allow a healthy cash flow from month to month. Bygrave also points out that tenant retention should be a top priority for investors, even it means keeping rent stagnant for a year or two.

Previously known as Mike McMullen & Associates, the company joined forces with Keller Williams Vestavia in February 2024 as part of an independent brokerage partnership to form Mike McMullen & Associates @ Keller Williams Vestavia. This alliance came to fruition following McMullen’s decision to step into the retail market in the final quarter of 2023, which resulted in the need of agents to help push inventory out to home buyers. “When you start looking at the people who are performing in the industry, Keller Williams is always at the top,” McMullen said. “They tend to have the top agents, and they tend to have the top sales. It was a great marriage of top-quality people, and I think it’s going to be a great adventure for us and pay off dividends for everyone involved.”

In our first edition of #AskTheExpert, CEO Mike McMullen advises young investors to purchase as much as possible intheir early years, noting that steady growth is produced over time with good investments choices.

Mike McMullen, CEO of Prominence Homes advises investors to consider new builds over existing ones. New construction properties provide less maintenance and expenses while offering higher appreciation, desirability, and rent.

In order to make bigger and smarter moves, sometimes you need to travel down the road less traveled. In our industry, the ARM (adjustable rate mortgage) is one of those roads and people need to understand that it can be one of your tools for more sound investments. #BuildRentSellRepeat

The choices we make on a daily basis influence the opportunities that come our way.

Prominence Homes CEO and Founder, Mike McMullen reminds and encourages us to trust ourselves and look for opportunities to succeed.