IT’S NOT YOUR MANAGEMENT – IT’S YOUR BUILDING BEN LEYBOVICH
Hint – there are a lot more of them in my town than there are people willing to spend $1,200 on a rental.
In my estimation, building wealth with real estate is a function of controlling a large asset base for a long time,
which necessitates being a landlord. It seems that I hearstories of people burning-out on landlording every day
of my life – I buy buildings from some of them. In the final analysis, while our tenant qualifying process and
management style most definitely impact our ability to succeed in this business, by far the culprit most
responsible for management issues is the building itself!
Binism: While problems in a good building can be solved with good management, even the best
management won’t fix problems in the wrong building!
Ben Leybovich
Ben Leybovich has been investing in multifamily residential real estate since 2006.
He
specializes in creative finance, and his preferred mode of acquisition is 100% financing. In his
business, Ben works extensively with private as well as institutional capital. Ben is a licensed
Realtor in the State of Ohio with YOCUM Realty. He is a blogger at www.JustAskBenWhy.com
and the creator of the Cash Flow Freedom University - an educational program for real estate
entrepreneurs. Ben developed a cash flow analysis software CFFU Cash Flow Analyzer.