If you want to be a results oriented real estate investor for the long term, you can’t do it alone.
There is a saying, ‘It takes a village to raise a child’.
Well, with respect to real estate investment, ‘It takes a team to make an investor’.
I have discussed in previous posts some of the key members that you will need on your team of professionals, a.k.a. Real Estate Team.
The list does not stop with these people.
There are many more people that you will have on your team, that will all serve a very important function.
It is very important to assemble a great team, because you will have to rely upon these people in a time of need.
If you have a collection of great people working with you, they will unknowingly help to alleviate a lot of stress from your life.
Speaking of stress…today I had a situation arise where I realized that I needed to have one of my newest rental properties painted and painted fast. When I closed on the property, I did not spend any time or money upgrading the interior because I thought it looked fine. Although the existing paint job wasn’t THAT bad, looking back, I should have had the unit painted right after closing. Luckily, I have a very good painter on my team of professionals that I was able to call.
Because I know him, and I am comfortable with him, he is going to go check out the property this week by himself. He will access the property through a lockbox I have at the property. Once he takes a look around he will send me a quote for the paint job, I will approve it, and should he should start and finish the job within a few days time.
Having someone like this on my team, who is so responsive and willing to jump into action when called upon is a great help for me.
It wasn’t always like this though, I had to go through a really brutal painter to get to this good one. The first painter that I had was lazy and tried to rip me off on one of the jobs that he did.
The moral of this story (and this article) is as follows…
Assemble a team of professionals. As a real estate investor, you will need to rely upon these people. You will not become a successful real estate investor all by yourself. When you do become successful, you will be successful because of all of the contributions of the people on your real estate team.
Fellow real estate blogger Shae Bynes wrote an article called The 7 Day Plan for Aspiring Real Estate Investors. This was a well thought out article, that I would like you all to check out.
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