We always hear that death and taxes are the only things that are certain in this world. Rashmi Nigam would like to add another: trial and error. She learned this the hard way when they were looking for the right property manager to replace the previous manager who suddenly died days before they closed the deal.
What she also learned in this experience is the need to separate business matters from personal relationships. You can’t allow the property manager to get close with the tenants. Let’s get into the episode to learn why.
[00:01 - 04:29] Opening Segment
[04:30 - 09:32] Mistakes Are Okay If Not Repeated
[09:33 - 16:20] The Property Manager Died on Us
[16:21 - 21:55] Numbers are Meaningless With No Proper Understanding
[21:56 - 24:11] Closing Segment
Tweetable Quotes:
“It’s okay to make mistakes. Learn to minimize your risks so you don’t lose it all, but don’t repeat it again because then you’re the fool.” - Rashmi Nigam
“Just pursue your dreams. Go at it. Be brave” - Rashmi Nigam
Email rashmi.nigam@gmail.com or visit LinkedIn to connect with Rashmi. Check out their company online to learn more about their work.
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Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC