Someone with limited ability to manage 2 or 3 SETS of contractors is not going to have successful rehabs.

@Joe Frank I’m a huge fan of Turbo Tenant to market properties, manage leads, screen tenants and lease up.

.✔ Call the employer directly – If HR is off-limits, ask for a manager’s contact instead.✔ Stick to a Consistent Screening Process – Fair Housing laws require uniform screening criteria, so making an exception for one applicant could lead to discrimination claims.

There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

I liked Ron’s 20+ year asset/construction management and investment background.

Are you aiming to build a significant portfolio over time, or do you plan to keep it more manageable with just a couple of rentals?

I am looking to connect with the investors there as the promotors are continuing to take Asset Management fees to the tune of $450K a year (on top of PM fees) even when their payout to the investors is around $20K a quarter (not meeting preferred) and the overall fund is negative about $450K.

Are you accounting for everything—taxes, property management, maintenance, insurance, reserves—and still hitting your target returns?

I was also planning to work for a property managing firm to learn the ropes of the state and local codes while continuing to invest.

How much are you having to pay the management companies?