Many of our properties are on the water, have instant equity and make perfect vacation homes, corporate retreats or second homes.

"my landlord is sh**", even when you do fix what is neccesary.This is keeping in mind that the tenant mentality in certain areas is one that thinks that instant tax refunds are amazing and worth paying 10% for in return for getting them a week ahead of time, if you get my driftYou have to think on the tenant level sometimes.

The Zillow estimate is not at all reliable for our purposes, and if you use it with anyone who knows what they are doing, you will come across as instantly amateurish.That makes it a double-whammy no-no.

And you get notified instantly when a deposit it made, and each barcode is unique to that rent payment so you know exactly what months rent they are paying and which tenant is paying what.

I've listened to the podcast and knew instantly that was something I needed in my life.

Once your tenants figure out there is not instant gratification that when they submit something to you it takes 3 days for a response and then it may take 2-4 weeks to address the non emergency item they will automatically start self-limiting their contacts with you, their personal 'emergencies' will get second thoughts and ultimately likely not be contacting you about them because you have stopped the instant gratifications.

I was instantly enamored with the idea and after showing us a few multifamily we bought our first home.

Now you have an instant equity of 45K.

I'm not promising my investors any instant riches and they don't really care too much about that.

You don't have a down payment you have paid expenses.You need to get away from thinking that you have instant equity based on what a property might sell for, that's guru accounting.