All Forum Posts by: Jeremy Beland

@Farley Youman you make many great points and I agree with you. Thanks for sharing your thoughts here. Even being more experienced, I would have rather wholesaled or wholetailed this property knowing what I do now. 

@Carly Cohen I’m glad this resonated with you. It’s fairly common to feel the way you do in the beginning. With each deal you do, you’ll grow more confident in who you are and the value your provide. Good luck and feel free to reach out anytime if you have some questions 

@Andrew Bosco thanks so much for the kind words.  I really appreciate that. 

In real estate wholesaling, time is everything. A lead can come in at the most unexpected times, and how quickly you respond can make or break a deal. Here’s a story that illustrates this point perfectly.

A few years ago, Dylan, one of our team members, was at home on Christmas morning with his family when the phone rang. Despite it being the holidays, he answered the call. It turned out to be a distressed seller who needed to offload their home quickly. By the next morning, Dylan was at the property, contract in hand, securing what would turn into a $40,000-$50,000 assignment fee. As he was leaving the seller’s house, another investor pulled up—too late. Dylan’s quick response and willingness to go out the very next day made all the difference.

But not every story ends that way. Recently, we hired a new rep in the Port St. Lucie area. He got a lead on a Sunday evening and, excited as he was, he figured he could schedule it for two days later. He already had an appointment on Tuesday in Vero Beach, so he decided to combine the trips. Instead of acting quickly, he went into the office on Monday to make cold calls, not realizing how important those extra 24 hours could be.

By the time he arrived for his appointment on Tuesday, the seller had already signed a contract with another investor on Monday. That 24-hour delay cost him a $40,000 deal that was well within his grasp.

The lesson here is simple: time kills deals. Even when it seems like 48 hours won’t matter, you could lose out to someone who gets there first. Whether it’s the holidays or just an inconvenient time, acting with urgency can be the difference between a massive payday and missing out entirely.

In this industry, every hour matters. Respond fast, act decisively, and always keep in mind that another investor might be right behind you, ready to take the deal if you don’t.

@Matt Devincenzo I did miss that. My apologies @Drew Sygit. 

@Drew Sygit don’t be so defensive man!  Nobody is trashing all property management companies. I have 2 great ones I use today and I’m very happy with them. You’re assuming I didn’t ask the right questions and I went with the cheapest which isn’t true at all. I tried to vet them the best I could. Both were recommended. Both are also out of business today. I’m sure I could have done a better job vetting them out but I was newer and trying to with what knowledge I had at that time.  Not sure why you seem so defensive about this post. 

@Andrew Syrios that’s a valid point. It turned out well but a great market also helped with that.  We learned a lot through the process. However I may have been able to resell it as is and still make close to $100k without any work.  We stay away from bigger projects now and sell them to others instead. We take the easier ones these days. 

@Zeeshan S.

The funny thing is that the first two companies came recommended and I tried to vet them and talked to references too. I tried to and thought I was doing the right things. However they were both awful at tenant placement and costs me a ton of money. I learned a lot during that process that’s for sure. 

In August 2020, I took on what seemed like a great deal—a three-family property in Manchester. The seller was a terminally ill man who needed cash quickly to support his family before he passed. The lead came through one of our absentee equity mailing lists, and after meeting with him, we locked up the deal. At the time, the price was a bit high for us, but I was eager to take another property down for myself after years of wholesaling for other investors. With private lending secured, I bought the property, excited to add another rental to my portfolio.

What I didn’t expect was just how much of a nightmare this property would turn into.

After closing, we began the renovation. The house needed more work than I initially thought—especially when we discovered the entire plumbing system had to be replaced from top to bottom. Once the renovation was complete, I started searching for a property management company, as I don’t manage my own properties. I vetted a few companies and hired one that seemed like the best fit.

This is where the real trouble began.

The first tenant they placed fell behind on rent by the second month. After a series of delays, they were eventually evicted. The second tenant wasn’t any better. Within two months, they were causing disturbances, fighting with neighbors, and creating an unsafe environment for other tenants. Another eviction followed. The third tenant just disappeared one day, leaving all their belongings behind and causing more headaches.

At this point, I had already gone through two evictions and was starting to lose faith in the property manager. So, I switched to a second company. Unfortunately, this change didn’t help. It was around the time of COVID, making it incredibly hard to find reliable tenants. This new property management company was just as ineffective, and for nearly two years, I struggled with bad tenants, constant repairs, and growing losses. By the end of the second year, the property still wasn’t cash flowing, and the situation felt hopeless.

Finally, I decided to switch to a third property management company. This time, things started to improve. They found solid tenants and stabilized the property. But the damage was done—I had already gone through three management companies, three evictions, and a lot of lost rent and legal fees. It wasn’t until 2023 that the property finally began to cash flow.

Then came an opportunity to sell the property in August 2023. After everything I’d been through, I decided to sell. Despite all the headaches, I managed to sell it for a $300,000 profit.

So what did I learn? First, not all property management companies are created equal. No matter how well you vet them, sometimes you won’t know how good they are until it’s too late. Second, real estate can be incredibly forgiving, even when things go horribly wrong. I lost tens of thousands in missed rent, eviction fees, and attorney costs, but in the end, I still made a significant profit.

Would I do it again? Absolutely—but with better property management from the start. Real estate is a long game, and as this experience shows, persistence pays off, even when things don’t go according to plan.

@Jonathan Klemm I appreciate the kind words and support. We still have a lot of things to improve on.  Thats why I pay for coaching and mentoring. I want to keep getting better.  1,000 seems unimaginable at this point, but so did 100 at one point.