Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

If you are able to successfully conclude a trade without the use of an intermediary, such as a broker, you of course save the brokers commission.  

I believe the  key to success are the constant reminders to tenants to conserve water (and thus, save money)

Once you have a few successful deals under your belt, you can explore leveraging options like hard money to scale your portfolio more aggressively.Good luck with your investment journey!

An activity is a personal service activity if it involves the performance of personal services in the fields of health (including veterinary services), law, engineering, architecture, accounting, actuarial science, performing arts, consulting, or any other trade or business in which capital isn’t a material income-producing factor.7.

You failed to perform proper due diligence before closing on the rent house.

I’ve been most successful building wealth with positive cashflow by buying houses that were like 6/3’s and renting to other solo professionals who lived with me and shared my kitchen and laundry instead of 2 one bedroom or two bedroom apartments.

My First Multifamily Full Cycle Success Story: From Busy Attorney to Real Estate InvestorI’m thrilled to share the complete journey of my first real estate investment—a 44-unit multifamily property in Lawrence, KS—from acquisition to exit.Balancing a full-time legal career and fatherhood, real estate seemed like an impossible dream.

A cost segregation study was performed on this residential condo in Jupiter, FL purchased in 2022 with a depreciable cost basis of $672,870.

Having your contractor in line is Hugely important to your success.