[ad_1]
This article is presented by DoorLoop. Read our editorial guidelines for more information.
Can you win in any market?
No seasoned real estate investor would deny the importance of keeping up with macro and micro market conditions. Ignore either, and you don’t really stand a chance.
With that said, lately, conversations of a downturning market have swallowed up evergreen advice. So, it feels like not enough is being said about tried-and-true strategies, principles, and tools.
Why does this matter? It’s these very strategies that are invaluable for being successful in any market, whether that be to:
- Maximize your profits
- Reduce the energy spent managing your rentals and reduce stress
- Streamline systems and processes to save time
- Anticipate issues or roadblocks by preparing in advance
Getting a read on a changing market is vital to the success of your portfolio, but there’s a lot you can do now that will help you be a more successful investor, whether the market goes this way or that.
Before we start, let’s talk about what we won’t cover.
Besides obvious tips (I know, you’ve read a billion articles with those, and you’re tired of it), the things include:
- Considering your local market
- Maintaining a property
- Choosing the right property
If you were looking for general, boring tips like those, then I’m sorry to disappoint, but there are plenty of other articles you can read on BiggerPockets that cover that.
Instead, below, we’ll be talking about more creative (but still evergreen) tips that aren’t so obvious. Some may ride that line, but the reason I include them is because I feel there’s something that’s often missed about the topic.
While you’re bound to have heard some of the tips I’m going to cover before if you’re a seasoned investor, my goal is to give you something new and actionable you can take with you to actually improve your business no matter how long you’ve been investing.
Ready?…
[ad_2]