Andre Alonzo Chambers recently discussed how real estate investors can remain ethical while making wise investments.
LOS ANGELES, CA / MARCH 6, 2022 / Real estate investors are often seen as the bad guys. Andre Alonzo Chambers explains that this isn’t always the case. He is a successful real estate investor who focuses specifically on what people needs. He refuses to price gouge to keep prices affordable for renters.
“You don’t have to be ruthless to be a successful real estate investor,” Andre Chambers said. “Real estate is naturally an ethical form of investing. The key is to understand your clientele and what they need. It’s possible to provide affordable housing and still make plenty profit.”
Investing in Real Estate Ethically
Chambers explained there are numerous ways to invest in real estate ethically. Real estate inherently is an ethical investment option because it often involves repairing homes that are outdated or unsafe. Investors make these homes accessible to others.
“Not everyone can afford to buy a house,” Andre Chambers said. “Ethical real estate investors can make renting an option. The goal is to keep these rental prices affordable for everyone, not only those with two incomes or executive level jobs.”
Bridging the Gap
Chambers explained that one of the best ways to invest in real estate is by purchasing and improving commercial properties. Commercial real estate creates space for businesses, schools, hospitals, and other essential parts of society and the economy.
“Development is often seen as a bad thing because it turns green space into homes and businesses, but these structures are required as the population rises,” Chambers said. “An increase in storefronts means more affordable rental options for store owners, and more apartments often means more affordable housing options for those who aren’t ready to purchase.”
Andre Alonzo Chambers and the Importance of Keeping Rent Fair
Andre Chambers expressed the importance of keeping rental prices fair. He explained that rent increases are necessary as insurance, property taxes, and maintenance costs rise. However, Chambers provides multiple rental properties in numerous states and refuses to price gouge. He never increases rent prices beyond the regular annual increases for the area.
“Price gouging is the No. 1 way real estate investors become unethical,” Chambers said. “They see an opportunity for profit and jump on it. I grew up in Inglewood, California, and have seen this happen at a rapid rate in my former community. Long-time locals are priced out of their homes, and that’s not okay.”
Don’t Be an Outlier
Chambers explained that the real estate industry is an ethical one. However, like in all fields, there are several bad apples. Chambers expressed the importance of not evicting individuals without cause, maintaining properties as needed, and charging a fair rent price.
“Access to housing should be the same for people of all races, beliefs, identities, and genders,” Andre Alonzo Chambers said. “As real estate investors, it’s our job to make sure this happens.”