Self-Managing a Small Portfolio of Single Family Rentals with Elenis Camargo
Road to Family Freedom
English - October 22, 2020 11:00 - 44 minutes - 61.7 MB - ★★★★★ - 27 ratingsInvesting Business business investing realestate financialfreedom realestateinvesting firemovement flipping invest property rental Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Elenis Camargo – co-founder of Third Stone Properties talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Elenis and her husband began their real estate investing journey when they bought their first investment property sight-unseen, long-distance from their home in Brooklyn, NY before they made the move to their investing market of Jacksonville, FL. They have since built a portfolio of four single-family rentals and continue to grow their portfolio while self-managing.
Post-Interview Analysis
Key Lessons Learned: Don’t be afraid of inherited tenants. Don’t let it be a reason you don’t buy a good deal.How did they acquire their knowledge or what knowledge did they need to acquire? Learning to develop processes for effective property managementHow much money did it take to get started? $23,000 to buy and do light rehab on a $90,000 propertyHow much time does it take now? Difficult to determine exactly, but probably 30+ hours per week.Could they do this strategy from anywhere in the world? Yes, but she’s probably going to have to hand over property management to someone else.Episode Highlights:
Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecallHow Elenis and her husband bought their first single-family rental off the MLS long-distance, sight-unseen from their previous home in Brooklyn, NY.The challenges of dealing with an inherited tenantDetails of the purchase of their first single-family investment propertyHow they used listing agents to place their tenants but self-manage once a tenant is in place, thereby increasing their cash flowAnd much more…Books and Resources Mentioned
The Road to Family Freedom: roadtofamilyfreedom.comInstagram: @investoremc2Website: Third Stone PropertiesResource: Cozy.coResource: QuickbooksResource: StessaResource:Elenis Camargo – co-founder of Third Stone Properties talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Elenis and her husband began their real estate investing journey when they bought their first investment property sight-unseen, long-distance from their home in Brooklyn, NY before they made the move to their investing market of Jacksonville, FL. They have since built a portfolio of four single-family rentals and continue to grow their portfolio while self-managing.
Post-Interview Analysis
Key Lessons Learned: Don’t be afraid of inherited tenants. Don’t let it be a reason you don’t buy a good deal.How did they acquire their knowledge or what knowledge did they need to acquire? Learning to develop processes for effective property managementHow much money did it take to get started? $23,000 to buy and do light rehab on a $90,000 propertyHow much time does it take now? Difficult to determine exactly, but probably 30+ hours per week.Could they do this strategy from anywhere in the world? Yes, but she’s probably going to have to hand over property management to someone else.Episode Highlights:
Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecallHow Elenis and her husband bought their first single-family rental off the MLS long-distance, sight-unseen from their previous home in Brooklyn, NY.The challenges of dealing with an inherited tenantDetails of the purchase of their first single-family investment propertyHow they used listing agents to place their tenants but self-manage once a tenant is in place, thereby increasing their cash flowAnd much more…Books and Resources Mentioned
The Road to Family Freedom: roadtofamilyfreedom.comInstagram: @investoremc2Website: Third Stone PropertiesResource: Cozy.coResource: QuickbooksResource: StessaResource: ZillowResource: TruliaFollow Us:
facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther Stuff:
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