Investing in real estate is an amazing opportunity to leverage both your time and money to make great returns. Many of us investors find that real estate gives us far greater returns than any other type of investment. I was able to quit my full-time job after only 5 years of part-time investing. My portfolio has grown amazingly, allowing me to me spend my time how I want and live the lifestyle I choose.
With such a fruitful opportunity, why is it that many investors treat real estate more like a hobby? It’s true, that you can make great returns and spend minimal time working on your portfolio. Just because you can work part-time hours does not mean that this isn’t a true business. This is the one big mistake that many investors make. If you treat it like a hobby, you will have more headaches and slow growth. Real estate investing IS a business, and should be treated as such. Your inventory is rental months and your tenants are your customers.
Focus on two key concepts when operating your business; #one – Customer service, and # two – The bottom line.