The importance of lowering expenses and increasing efficiency to maximize property income.

Yearly increasing costs will, in time, eat up any profit they have per unit.

As your portfolio starts to increase, you can start creating single-member LLCs where the property is located, and then you can put all these LLCs in a trust.

I will be sure to increase my rice in the future!

If you spend time learning how to manage well, your income will increase, you'll save time, and you'll maintain your sanity with the courage to expand.

However, investing locally has become increasingly unfeasible and unrealistic due to the high costs.

In some homes planting the front or placing pots could increase the curb appeal, in others it could be paint or furniture etc.

I have clients who are increasing their cash flow by between $19k and $55k and their cost basis is between $145k and $200k.

Real estate has always been in the back of my mind as a way to increase our wealth and provide for our family.

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.