Originally posted by Bob Kane
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My portfolio is very profitable remaining profitable even though it:
1) Funds all maintenance and improvements at market rates which with corporate scale would be far cheaper,
2) Funds a 3rd party property manager who charges about what 1x FTE would cost me should i choose to employ a manager and that manager could probably manage 2x the no. of properties so in effect a corporate could halve my management costs
3) Funds all related office/vehicle expenses you'd expect from running a businss
4) Funds my 'wage' which replaced my corporate income
5) Provides a ROI of greater than 20% on any improvement we do to our properties
If it can be profitable on my scale, why do you believe it can't be profitable on the scale 10,000 -100,000 houses?
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