School of Hard Knocks Podcast

Ken McElroy | From Property Manager to $2B Real Estate Mogul, Cash Flow, Tax Strategy and True Freedom

Nov 28, 2025
Ken McElroy, a seasoned real estate mogul managing over $2 billion in assets, reveals his journey from property manager to industry titan. He emphasizes the importance of mastering property management and shares insights on tax strategies and cash flow that can transform investments. Ken discusses finding truly undervalued assets, the lessons learned from poor management, and the significance of relationships over mere wealth. Dive into his unconventional wisdom on entrepreneurship and legacy as he defines real success beyond just financial gains.
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ANECDOTE

From Manager To Owner

  • Ken moved into a rundown property, fixed units himself, and watched the owner's equity grow as he improved operations.
  • That moment made him realize he needed to be on the ownership side, not just property management.
ADVICE

Master Operations Before Buying

  • Learn property operations thoroughly by managing many types of assets before buying your own.
  • Use operational experience to spot improvements and make more confident acquisition decisions.
ADVICE

Earn Investors With Consistent Returns

  • Deliver reliable quarterly distributions to build investor credibility and trust.
  • Turnaround track record converts skeptics into repeat investors quickly.
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