How to create a half-million to a million dollars with a single, small rent increase.

And delegate all the minutia in managing multi-family...

 

Remember, when you get started, it's important for you to start appropriately. Don't go out and try to buy a 500 unit apartment building if you've never bought one before. 

I always tell people at least 20 units. If you get less than that, there's no scale of economy. There's no opportunity to make that real impact when you raise those rents. 

When you get above 20 units, I want you to know to a certain point the more units you add, the easier it actually is to buy because the property itself is what generates your ability to acquire it.

I like to start in the 25 to 40 unit range

When you do that, you can give away a unit to a manager who's going to help you take care of all of those day-to-day nuisances: 

  • They're going to help you with the lockouts
  • They're going to show those units
  • You don't have to show up
  • They're going to cut the grass. 
  • They're going to take out the trash 
  • and deal with all the minutia

You're going to be the one who collects the checks, compresses that cap rate and adds value by raising those rents when you do this with those types of units. 

One rental increase across 25 to 40 units adds up to massive value and in a two to three-year window. Not only do you save on taxes, but you can create half a million to a million dollars just with a twenty-five dollar rent increase. Stick around and I'll show you more.