RCRE – Value-Add Property Management with Logan Rankin

Will Coleman and Mike Taravella Interview Logan Rankin of Rankin Enterprises.

Key Information:

Play the long game: You have to build up your infrastructure and education before you can really get moving in Real Estate.

Invest in banking relationships: Develop relationships with your bankers by setting up meetings and periodically sending them updated financials.

Target properties with bad property management and develop detailed systems and processes.

Reach out to tenants in the first ninety days. This will go a long way in making sure they feel valued and decrease the overall rate of turnover for a property.

Use tools like appfolio, dropbox, and google drive to keep detailed records of how properties are performing.

Keep your employees accountable. Be transparent so they are aware of when they are doing what they are supposed to do and when they are dropping the ball..

 

Expert Pro Tip: “Always question why you are investing the way you are”

Contact Information:

Logan@rankininvestment.com

 

 

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https://invest.randpartnersllc.com/invexp/accounts/login/

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