WBP – Property Management Tips to Maximize Profit with Ken McElroy
For over two decades, Ken McElroy has experienced great success in the real estate world–from investment analysis and property management to acquisitions and property development. With over $1B investments in real estate, Ken offers a unique perspective on how you will get the biggest return on your investments.
Ken and his business partner, Ross McCallister are the founders and owners of MC Companies, which is a real estate investment company, primarily multifamily of over 10,000 units and 300 employees.
Ken’s commitment to the success of MC Companies is rooted in his desire to help others live their best lives. His passion for real estate, speaking, writing and philanthropy is always embedded in his daily guidance whether it be in a meeting at MC or a speaking engagement across the world. He’s been featured on Cheddar, Fox and Friends, Forbes, ESPN and many more. He’s a consistent contributor to Jetset Magazine and Rich Dad Radio.
Ken is the author of the best-selling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant, where he shares his real-life examples and ideology of how to be successful in business and in life. He recently launched his newest book: Return to Orchard Canyon, a business novel. As the Real Estate Advisor to Robert Kiyosaki of The Rich Dad Company, Ken is also a chapter contributor in the Rich Dad book, More Important Than Money: an Entrepreneur’s Team.
He speaks with us about syndication, the downturn and Gretzky.
The Rundown
- Property Management
- MSI
- Development
- Asset Class
- Buying Land
- Value Add
- Cap Rates
- Overpaying
- General Contractors
- Architects
- Team Structure
- Learning By Failing
- Overhead
- Resident Retention
- Financial Freedom
- Reasons Reap Rewards
- Partnership
- Valuation
- Market Research
- Splitting Focus
- Syndicating Turnaround
- Construction
- Refinancing
- Buy & Hold
- Mistakes
- Renovation
- Cost to Equity
- Underwriting Tips
- Giving Back
- Rich Dad
- Coming Recession
- Portable Market
- Property Taxes
- Migration
- Hiring
- Scaling Up
- Book Recommendations
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