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16 May 2019 | 11 replies
You need to put as much as you can into that mortgage or your accounts as fast as you can so you can scale faster.
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14 May 2019 | 1 reply
Lastly, do not rule out 3 or 4 family homes as there is usually a greater return (think economies of scale).
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14 May 2019 | 1 reply
Some have been on the market a long time simply because homeowners are aging and want to scale down to something more manageable.
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15 May 2019 | 1 reply
You're not seeing the same efficiencies of scale they are, so it may not make sense for you, even at that level.If you were to hire a PM company, you'd likely pay ~8%.
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15 May 2019 | 2 replies
You're caught with higher per-unit costs and don't really start to see the efficiencies of scale like with bigger properties.Personally, I don't like either, but a lot investors do well with them.
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15 May 2019 | 4 replies
Once I get pretty scaled away, I don't see myself providing 50 lawn mowers for 50 properties in the future.
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28 May 2019 | 14 replies
Hi @Jason Xue,I haven't scaled quite to a 30-unit yet, but on a smaller 6-unit I was able to go in and perform $4K of cosmetic updates per unit, which justified rent increases.
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15 May 2019 | 0 replies
Was looking for something larger than a 4 unit to try to build some scale How did you find this deal and how did you negotiate it?
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22 May 2019 | 15 replies
But yeah it certainly is easy to get excited about the cash flow I'm creating and want to scale too quickly.
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21 May 2019 | 11 replies
which could be you, your family, your team, your bank account.The cost of scaling an effective property management business is often significantly underestimated.