Your Network = Your Net-worth"Been watching Evernest's video's and they share a ton on "everything and anything" property management related so that's been a blessing.Biggest take away when it comes to scaling a PM is to spread the word about what you're looking at doing and to build relationships.Local real estate events, NARPM, IMN, etc...You want everyone to think of you if they are looking at selling or if they know of anyone looking at selling.I use to be "loud and proud" and a huge extrovert but I guess "old age" has got me hahaI prefer drinking coffee and smoking a cigar behind closed doors.But, I guess I'll have to start "shaking hands" and "kissing babies" like a president when it comes to networking again lolMaybe even do a few video's while not wearing any pants heheBig hat's down to Matthew Whitaker for scaling the business so much.I remember spending some time together in Birmingham when he had a decent sized operation of around 1,200 units or so.Now they are 16,000+ 👏HUGE...We initially met as I was interested in selling our property management company in Toledo and now we are looking at acquiring others heheTime flies, things change and life is funny.Thanks everyone for your contribution and wishing you much success

We started tear down in Nov and framing started 7th of Dec. it took way longer than expected since I’m a GC and used my own guys, I put a nail in my hand and other guy had a baby plus holiday time it was way off….. **** happens I guess.

@Jerry Lakey, you are correct that any leverage = risk due to both less cash flow and possibility of wiping out all equity in the event of any decrease in value.

The market did that 8 years post recession aggressively, and it's only gotten tighter & harder now.Sure you can get "creative" and all that ****, but I wonder if people are kidding themselves when they mention about making $200/mo cash flow-- it's wiped out with their water heater needing to be replaced or just a tenant turn.

Man, humanity is predictable.The current news hyperbole is free-spinning existential nonsense re: extinction level agency event in the making- realtor survival rates are/have been akin to baby sea turtles, so now what?

I was wiped out as second lien holder which got me to thinking about legitimetly becoming a private lender.My question is if I already make 7.5% off a few of my 250k condos, then how does private lenders (not hard money lenders) make money off charging 7-8% returns when they can just purchase condos in cash for the same CAP rate?

I have very low turnovers and sleep like a baby by being a little lenient here and there.

If you make $1MM in a year and are writing a $300k check to Uncle Sam and could wipe most of that out by buying a property that breaks even or loses a few hundred bucks per month, that's a pretty good trade.If you are trying to quit your day job- that's a different story.

Well, my tenants has been without a heater for over 6 months now, and one couple has a baby!

She hired someone to paint the house exterior when we told her our first baby was coming she was so excited.