My primary ability, if I have any at all, is in handling people. I’ve mentioned this before. Oh, I can swing a hammer and put up some drywall in a pinch, but so can a lot of other men and women. Where I think I may excel is in the coordination of all of the trades and steps of building in the renovation process. To me this comes very easily. Moreover, I truly enjoy the process and I know what I’m doing. Others have told me how much they appreciate how well I do this job too since most of our tasks get completed on schedule and quite easily.
If you’re going to participate in a lot of renovation such as I’m suggesting that you do to create the kind of successful investment real estate leasing business that I have, you will most likely have to fill this role with a person like me. What many have told me makes me powerful is that I combine many skills in one person: I have all of the knowledge of all the trades that can take part in a renovation from plan preparation, to allow approvals, to site engineering and to home construction; I also have all of the knowledge of the logistical scheduling of a foreman; I have the intangible skills of enjoying people; and that I have the road knowledge of knowing how to work with individuals so everybody wins, even in high-stress situations when things go wrong.
Like so many businesses, real estate investment is a people business. This is made more complicated by it being a business full of many people who must take many actions in coordination with one another. The plumber is only concerned with his pipes; he is not worried with any of those measures that come before or after him, even though all these need to be coordinated. Each and every tradesman involved has this irresistible trend to over focus.
They also have the inclination to point the blame at each other and to not play nice together as a team. One of the key roles of the individual in control is that of peacekeeper and coach. When in this babysitting, handholding, and cheerleading function, I often use humor to lighten the mood as schmoozer-in-chief. When things have settled, and individuals have put their egos down to the point where they are ready to obey reason, I introduce a resolution. Someone has to make sure that the work just gets done. It doesn’t matter who’s getting along with whom at the moment. This is the reason you should have someone on your team that sees the big picture and knows how to fit all the pieces together harmoniously.
You wound up with an investment rental property. Find roofing renton .Now what? I have told you about how to turn this opportunity into a true business as I have. I have taken you through the statistics of what many investors do when faced with such an opportunity – almost nothing. I maintain that they are leaving plenty of cash on the table, largely by not understanding what they have or their choices. The fact remains that the investment leasing business opportunity, although engaged in lightly by over 15 million Americans, has scarcely been scratched. Thus, opportunities abound.
I, on the other hand, have shown you the way I have created and operated one of the best businesses on the planet…a business Warren Buffet may like to own multiple income opportunities and almost infinite flexibility to construct a secure nest egg for you and your family no matter what abilities you presently have. To get into this business, you first need to grasp the entire picture so that you can understand all that it involves. As soon as you’ve grasped this, you have a decision to make… if and how to pick up the reigns and get busy. There are many ways to get involved with investment rental property for a business, but as far as I am concerned, few paths to building a long-term sustainable company with it. I have shown you one way… the path I’ve taken. Now it is your move.
He’s the CEO of a family business that owns, manages and maintains over 100 revenue producing rental units–a majority being single-family residences which were bought in disrepair. Mike has actively engaged at all levels of the purchase, construction and remodeling of over 100 houses and 20+ multiple unit buildings. He has numerous years in the construction of roads, new homes and remodeling that give him the distinct advantage of having a vast amount experience.