My tough today is different than my tough next week.Many new(er) investors struggle to manage their rentals well.

Don’t try to have your cake and eat it too.

For example, I will tell them they must be out within 30 days, but they can leave at any time during that 30 days without just one week of notice.If they reject my offer, then I start to ramp up the leverage.

Welcome to the area! 

I also diversify into alternative real estate, like self-storage, to stay ahead of emerging trends.I’ve learned valuable lessons over the years, particularly the importance of clear communication and aligning expectations in partnerships.

@Jorge Newbery I believe they are having a conference call today about this site.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

My original plan was to find a 4 plex in california buy using fha loan, move out after the first year and generate cash flow and appreciation, but after looking at properties it became clear to me that’s not possible with todays market and interest rates.

@Bryce MillerWelcome to BP!

Since my first property is long-distance, I figured it’d make sense to look for my next one closer to home.