A small chip in the bathtub and that’s a fail, window doesn’t open good enough that’s a fail, bedroom door lock doesn’t lock properly that’s a fail.

LL Flooring, formerly known as Lumber Liquidators, is closing all 430 of its retail stores after failing to secure a buyer during its Chapter 11 bankruptcy process.

Much of this is on me for failing to enforce the lease terms - especially around an inoperable vehicle.

That's what you will fall to when you fail, the higher that floor is the more room you have to succeed.

Books and podcasts are full of survivorship bias, since we don’t hear about the folks who, with hard work, effort, and grit, failed and left, only the survivors get to tell their story.

Over time, as rents rise and your margins improve, a good PM is worth their weight in gold. 

And the property manager is the only person with a long-term interest in your property, so their opinion carries a lot of weight!

That's where many fail as investors and those who fail are generally the ones sitting behind a computer making decisions without understanding the fundamentals in the markets where they invest.

Cap rate is one metric and it's like using your weight to determine your fitness level. 300lb NFL linemen are faster runners than a 200lb McDonald's regular. 

It’s like asking someone how much weight are they losing by getting better sleep.