Building a Property Management Company - Pluses and Minuses

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Rava: You should not start a management company 100%, no question. And why is that? Because proximity is like the most important thing for management. Even if you build scale, your impulse is going to be to continue to buy assets that fit into your management business. Rava: I think this mistake that I've made was trying to help your listeners understand my fetish for control of properties.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:25 - Moses' thoughts on higher education.

02:25 - Why there are more wealthy dumb people in real estate than any other field.

06:35 - How Warren Buffett has influenced him.

What’s most important to provide investors?

32:27 - How diversification is for when you are already rich.

16:36 - His experience in the 2008 downturn.

41:32 - How he views remote single-family rentals.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Robert’s book The Everything Guide to House Hacking.
Rich Dad Poor Dad by Robert Kiyosaki.
Berkshire Hathaway’s Shareholder Letters.
The Bezos Letters.
ReConvene.
Related Episode: Listen to REI143: Warren Buffet-inspired Real Estate Investing w/ Keith Wasserman, or watch the video.

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