Don’t miss a single show!
| Get the Invest Florida Show Mobile App! Click here—-> | Apple | Android |
Starting a single-family rental portfolio can be a great introduction into the world of real estate investing – but that doesn’t mean it’s easy. There is a big difference between buying a single-family property as a fix-and-flip and one purchased as a rental. There is a lot to keep track of when you invest in a single-family property for cashflow; from finding a good deal to finding and managing tenants.
Often, as you’re starting your single-family rental portfolio, you will be managing those first few properties yourself. Many first-time investors are not a natural fit as landlords and it requires thinking about your investment portfolio as a business – and running it as such.
Our guest this week, Augie Byllott, learned the hard way how to manage his single-family rental portfolio.
Augie and his wife became landlords by default. After getting married and buying a house together, they turned their respective homes into rental properties, never intending management of their rental investment to be their main focus. However, they quickly realized that single-family rentals don’t just manage themselves and that (surprise, surprise) tenants don’t always have the landlord’s best interests at heart.
Managing a single-family rental portfolio
Augie and his wife quickly learned that to successfully manage their single-family properties, they needed to think about their investments like a business – and manage them as such.
About Augie Bylott
Augie is a seasoned single-family investor and the founder of Creating Wealth U.S.A.
With over 500 deals under his belt without the use of bank loans, Augie has become an expert on tailoring his acquisition strategy to fit specific deals. He now share his advice and experience through books and mentor programs.
Contact Augie at (863) 255-5858
