Starting out in real estate can feel overwhelming, but breaking it into clear steps makes it manageable.

Hi Myles,I found myself managing about 20 rentals through my brokerage at one point.

When you say a live revenue manager, what do you mean by that? 

I manage around 400 rentals with 14 years of experience and have never been sued once.

But most of these bridge loans have future funding components where the lender will fund renovation work as the work is completed and add that to the loan balance. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

My plan for this year is improve my credit, get my real estate license (to increase my income on top of my W-2), possibly career transition into the property management space (to learn more), and save as much as possible and learn as much as I can.I’d love to house hack close to home but my area is so expensive it seems like it’d be close to impossible. 

It also adds complexity to management.

Explore remote investing options like turnkey properties or out-of-state rentals with property managers, and use summers or gap years to network, analyze deals, and gain hands-on experience.

This burnout led to me selling off my rentals, dissolving my business with family, and having my mother take over managing her own units.