I've just lost $10,000 - this real estate stuff is not easy.

Just a few examples of how I save landlords a ton of money:

    1. Having great working relationships with various service guys/companies. Because I work with these plumbers/carpenters/etc so often, they give me priority and give me much better pricing(Kind of like buying in bulk).
    1. I'm very hands-on. If there's a simple repair, but it still needs to be fixed quickly(leaky pipe, etc), I'll go fix it myself instead of paying someone to come out on an "emergency" call and fix it. I'll bill the property owner for my services, but it'll be considerably cheaper. I also do regular inspections, drive-bys, etc...That, coupled with my knowledge and experience, helps me identify things before they turn in to larger issues.
    1. Brand recognition: Kind of ties into point #1...Contractors and service providers have usually heard of me and will give me priority and discounts. Even if they haven't, they'll still usually cut me a deal because they want the regular business that can come from a decently-sized management company. But also, when it comes to finding tenants, I get leads all the time of people looking for rentals, even if I don't have anything available in their area...They just happen to find my website or phone number while looking for a new place. So when a unit goes vacant, I usually have a few people I can send it out to right away.
/r/RealEstate Thread Parent