Let Us Find and Manage Your Next Rental Property
Thirdstone Properties focuses on helping their clients successfully invest in rental properties in the Jacksonville, Florida metro area.
What We Do
From deal sourcing to property management, we are here to help you achieve your real estate investment goals.
As Jacksonville investors ourselves, we know what qualities to look for in rental properties. We create an investment profile for each client so that we can search for properties that will meet your specific criteria and investment goals. We also provide feedback on any MLS or wholesale property you find yourself, to make sure it’s the right investment for you. Whether you are a new or seasoned investor, Thirdstone Properties is here to help.
Rehab Project Management
We believe that rigorous project management is required to successfully execute a renovation project. The process begins with a virtual meeting to ensure we understand your vision for the project. We visit the property with our contractors to get a line item estimate. Once that is approved, we work with you to provide regular status updates and guidance to achieve maximum results, all while sticking to an agreed upon timeline.
Placing a qualified tenant is a vital step in the process. We use a trusted screening company that gathers all of the available information of the applicants, including a background and credit check by TransUnion. Once we have the full application package, we verify directly with the employer and previous rental to ensure accuracy of the information the applicant provided. Prefer to self-manage? Leave the tenant placement up to us and we will hand over the property with a qualified tenant in place.
Our goal is to keep your tenants happy and living in the home as long as possible. We take pride in taking care of our tenants. When they feel valued and at home, they tend to stay longer, which means less tenant turnover and more consistent cash flow for you. As a client, you will have access to your very own owner portal where you can see detailed monthly statements, work orders, invoices we paid to vendors, and pictures of any work. We believe transparency is key in this business.
Who We Are
Thirdstone Properties was co-founded by a husband and wife team, Elenis and Isaac Camargo, who invested in Jacksonville while living in NYC. They found their passion for real estate and made the big move to Jacksonville to have the ability to provide great value to other out of state investors. Shortly after, they joined forces with the agent that helped them invest sight-unseen, Michael Braddock, to create a seamless process from start to finish.
Elenis M. Camargo
Chief Executive Officer
Isaac R. Camargo Jr
Chief Investment Officer
Head of Sales
Thirdstone Properties has serviced real estate investors in the USA, Canada, Denmark, France and Argentina.
Our Investment Approach
We are investors ourselves and have strict guidelines that we follow for our own investments.
Demand proper compensation for level of risk taken
Utilize a relative value approach when analyzing potential opportunities
Seek to maximize value through control of rehabilitation and property management
Continuously focus on downside risk
Aim to provide value using a multi-strategy, opportunistic approach focused on residential single and multi-family properties
Focus on areas that can benefit from favorable short to medium term market conditions
Deep knowledge and understanding of the North Florida real estate market
Quarterly market update publications
Realtors to represent during acquisition
Post acquisition services include:
Placement of tenants
Contractors for maintenance and rehabilitation
Target portfolio 10 year net IRR of greater than 15%. We seek to identify properties that meet our strict guidelines:
Properties with strong appreciation potential
Rental income properties that contain:
Cap rate between 10% and 12%
ROI greater than 12%
Rent demanding neighborhoods