I would love to talk more about having you on as a guest on the Rookie Podcast to go into how exactly you were able to handle this upset in your real estate journey.  

In some areas, purchase prices and value add opportunities align well with BRRRR, while in others the margins might be tighter.NOI plaus a big role in success, esepically with MF, so increasing rents and reducing expenses are key.

As an Accountant and CFO with two decades of experience in real estate management, I’ve observed that landlords often handle things differently.

That said it is possible that you need to evaluate your stays and decide if it is worth taking shorter stays or sticking to some longer stays to reduce your time commitment and maximize the revenue for time invested.

If someone wants to leave the business, how is this handled? 

How do you typically handle this?

This greatly reduces weeding.  

My strategy (at the time) was to aggressively pay down my mortgage, and the recast allowed me to reduce the monthly committed amount.

I check in on the job to ensure that things are being done the way I want them done.If there are issues, the contractor lets me know and we discuss how we're going to handle it.

Austin is more expensive for sure, but way more upside and you can handle a lot of issues yourself!