AI, predictive maintenance, smart home features, and digital tenant experiences are rapidly becoming expectations, not perks.ESG / sustainability is getting baked into everything — energy efficiency, green building, wellness, tenant comfort.

Finally, the implementation of a streamlined model or spreadsheet enhanced efficiency and allowed for quick analysis.

The question is, how efficient you want your closing rate to be - 1 deal per 10 leads or 2 deal per 100 leads.

Do you have any systems or checklists for reviewing them efficiently?

My husband and I own/manage a few LTRs and MTRs in Texas and we are thinking I might qualify for Real Estate Professional Status in 2024 with all the hours I put into our properties (and growing properties :)).We have spoken to our CPA about requirements but I am feeling a little overwhelmed at how to log these hours in an efficient, accessible and manageable way. 

Once you feel comfortable with this first property, leveraging a HELOC for a multi-family purchase in the $400k–$500k range can be a great way to scale your portfolio efficiently while using the equity you’ve already built.

If you can find a niche that works and makes you more efficient, it changes everything.

Keep detailed records of all materials, labor, and contractor invoices.Trusted Team: Even before making an offer, having a CPA who specializes in real estate investors review your numbers can help structure deals efficiently and anticipate tax implications.

If a CPA charges $3,000 but helps you unlock far greater tax savings or structure your strategy more efficiently, then the question shouldn’t be “why is it more expensive,” but “what kind of return am I getting for that investment?”

heheI miss the Midwest's "simple" mentality of my common folks.Even tho, as you mentioned the weather can get brutal.It's always a tough gig to do deals from afar unless buying turnkey.Even then, turnkey is not worth it unless the portfolio is big.As soon as you can, move to the market you want to invest in and with time you might become "institutionalized" to it just like I did with Toledo hahaI put Ohio Cashflow on the back burner 3 years ago as I got burnt out on working with investors lolWe only sell from time to time to our existing book of business and if I like the specific investor hahaI list most deals on the MLS and once sold, I clean my hands.No need to babysit the never satisfied and disgruntled landlords expecting retirement from 1 turnkey property...Unfortunately, it is what it is and I ate $#@% for many years before I said enough is enough heheOz Realty has been the bread and butter for us and our main focus since we shifted focus.Crazy that I'm even typing this as I hated PM for many years and considered it just as the "necessary evil" in order to offer a turnkey product.Now, if I could turn back time, I'd never do turnkey and would only do PM hehe.Everything happens for a reason mate.Granted, it took 7+ years to create a lean and efficient PM machine heheI'm in Toledo every month for 7-10 days so feel free to hit me up whenever you are in town.All the best mate 🙏 @Engelo Rumora , haha, a new book would be valid for sure, as things do change fast in this world, looking forward to it.