This frees you to focus on higher-value tasks like growing your portfolio, owner communication, and big-picture strategy.2.Adopt a Portfolio Management Structure: Early on, I ran a departmental structure (separate teams for maintenance, leasing, collections, etc.), and it caused inefficiencies and communication breakdowns.

They just seem to have the people and resources to best handle big issues like that. 

You might also connect with the local REI groups in Indianapolis—they’re often a great resource for referrals and advice.

In the end my buddy and I nearly broke even after we included the monthly payments that we collected.

The property before the 1031 exchange was collecting $1600 a month rent.

An example of this is I had one trash company that collected the same three containers for $90 less than the in place trash removal company. $90/month X 12 = $1080 increase in NOI, at a 10% cap rate that small change increases the value of that property by a whopping (1080/10%=$10,800)!

Based on years of experience with over 530 investment properties in Las Vegas, here are some thoughts to help you evaluate the value of property managers and how to find a good one.The Value of a Good Property ManagerMany people believe that a property manager's only value is collecting the rent.

@Celine RechyyFrom my experience, to start investing in real estate, focus on learning through resources like audiobooks and BiggerPockets, while networking with experienced investors.

Contrary to popular belief, this is actually an advanced strategy for people with lots of experience and resources, it's a really tough place to start.

Before you spend any more energy or resources on this endeavor explain the precise fear that has you wanting to transfer this property to an LLC.