Read This Before You Decide to Manage Your Own Property

In last week’s article I talked about being real estate entrepreneurs, not investors. This is a HUGE difference in mindset and also in practice. One result of having the mindset of entrepreneur is that you should not do all of the work yourself but instead surround yourself with an awesome team and delegate. In particular: Don’t […]

8 Simple Ways to Maximize Your Apartment Building Profits

You’re probably already familiar with the power of commercial real estate. For example, if you’re able to increase rents by $50 and decrease expenses by $50 per unit per month and you have a 24-unit apartment building, you’ve increased the income of the property by $28,800 per year. Not that much, you say? It doesn’t seem […]

5 Reasons to Fire Your Property Manager

I don’t like firing people. My initial approach is to try to make it work and bring out the full potential of a person. Sometimes, however, I hold on to a person for too long. I’ve found over the years that if I’m micro-managing someone then I have the wrong person. Micro-managing means you’re telling […]