After 15 years in the Corporate Accounting world, Michael Rogers is retiring to manage his real estate investment portfolio, Chandler Properties (chandler-property.com). Rogers is a Certified Public …
After 15 years in the Corporate Accounting world, Michael Rogers is retiring to manage his real estate investment portfolio, Chandler Properties (chandler-property.com). Rogers is a Certified Public Accountant who started out at a regional CPA firm, then worked at two Chattanooga insurance companies, most recently BlueCross BlueShield of Tennessee in Internal Audit.
“I’ve enjoyed my time at BlueCross and it’s been a great employer to me these past five years. I’ve just always had a strong entrepreneurial passion and working as an entrepreneur has been a goal of mine since college” Rogers said.
Rogers explained that while working a full-time corporate job over the past 15 years he was also purchasing, remodeling and managing rental properties as a side job. This demanded long hours with 60 to 70-hour work weeks being common.
“There were some sacrifices, but it’s been worth it. My family has focused on living below our means, avoided non-income producing debt (cars, vacations, toys), and making good investment choices. This combination has kept me from getting stuck in a job where I had to work to pay for past debts,” Rogers said
The Chandler Properties portfolio currently owns and manages houses, multifamily, commercial, and self storage in the Cleveland and Chattanooga markets. Rogers plans to manage the daily operations of the business from their recently acquired office at 1310 South Lee Highway and do more housing flips in the coming year.
The South Lee office location is both the leasing office for Chandler Properties and includes office space for rent. Options range from a single 11’x11’ office space for $250 per month to a 1500 sq. foot office building. Rogers is genuinely excited about offering the co-working office spaces. A freelance worker, entrepreneur, or someone that is just tired of working out of their home office can rent one of the month-to-month offices for a low rate and be ready to go with very little commitment. The all-inclusive format provides internet, utilities and rent all-in-one. While the co-working, model is popular in bigger cities, he’d like to see it catch on more in towns like Cleveland.
Rogers credits his success to two primary factors; his parents and Warren Buffett’s investing philosophy. His parents provided a loving home life, opportunities to play junior golf from a young age, as well as helped in the storage business.
“My mom and dad have definitely been a big help and I couldn’t be where I am now without all the sacrifices they’ve made for me over the years” Rogers commented.
About 10 years ago, Rogers discovered a book about Warren Buffett that explained Buffett’s investing style; value investing.
“It was a moment of complete clarity for me. I always had an interest in business and investing, but I didn’t have a model or paradigm that explained how markets and businesses operated. Buffett’s teachings were simple and rational. It made an immediate impact on how I invested in real estate and has been a huge contributor to my investing success.”
For more information about Rogers and Chandler Properties, visit www.chandler-property.com or call 423-614-0069.
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