• LeAnn Riley

Scaling A Real Estate Portfolio

Many investors wonder how to scale and grow a real estate portfolio. Even if you are just getting started, these three important tips will help plan your growth.

1. Know your numbers and work with a budget. What does this mean?

· Honestly review your properties, identify needed future capital improvements and build these costs into your budget.

· Are you getting the most money possible from your investments? If not, then shore up the holes – quickly.

· Make sure you budget for incidentals, such as maintenance issues - including appliance breakdowns, possible tax increases, etc.

· Stay current with inflation rates and market rents. And don’t be afraid to raise rents as you make improvements or as the market changes.

· Make use of all available programs and tax incentives, such as energy grants for windows, or cost segregation.

· Check out implications of the recent tax revisions; there’s a new way to take depreciation.

2. Always perform above your competition. It often doesn’t take much to over-deliver to customers or co-workers. Some ideas….

· Give tenants/vendors small gift cards for the holidays

· Quickly respond to phone calls, texts, emails

· When asked to fix something for a tenant, fix it right…not just a band aid approach

· Beat a deadline on repairs or project completion

3. Think about your mindset…take a new look at possible opportunities and open your mind


· Wholesale deals

· Optimize the value of property you already have

· Re-evaluate the RIGHT time to sell

· Be willing to cut your losses…get rid of the losers and find the winners

Good tips for anyone interested in investing in real estate!

4 views0 comments
  • LinkedIn Social Icon
  • YouTube Social  Icon
  • Facebook Social Icon

© 2021 by Real Freedom Now

All Rights Reserved

This site is not a part of the Facebook website or Facebook Inc. Additionally, This site is NOT endorsed by Facebook in any way. FACEBOOK is a trademark of FACEBOOK, Inc. LeAnn Riley can not and does not make any guarantees about your ability to get results or earn any money with our ideas, information, tools, or strategies.