To thrive in real estate investing, you must maintain a firm grip on your finances.

Common advice I've received from other landlords is to avoid them because they often leak or fail and are difficult to maintain.

Maintaining open communication and setting clear expectations for transparency and efficiency will help strengthen your working relationship with them.Hope this helps!

@David Putz I wonder if someone is maintaining a list of where all the servicers are licensed...I can't imagine that would be easy to keep track of, but I don't know how often they would change.Having a resource that has all the typical fee info and service states for each servicer in one document would be amazing.

To thrive in real estate investing, you must maintain a firm grip on your finances.

I actively put forth effort to maintain leverage.

Our other 3 buildings (two duplexes, one 3 unit) are basically stabilized at this point so just continue to maintain them and build the reserves even larger from the cash flow they spit off.

Gains within this account are tax-free if rules are followed, but avoid prohibited transactions to maintain account integrity.

To thrive in real estate investing, you must maintain a firm grip on your finances.

Knowledge is power:Thorough Inspections: Minimize surprises with detailed inspections and due diligence.Strong Screening: Careful tenant selection reduces vacancy and headaches.Diversification: Spread your investments across different locations and property types to mitigate risk.Financial Planning: Maintain a buffer and choose financing options that fit your long-term goals.