“A dictionary is the only place where success comes before work. Hard work is the price we must pay for success. I believe you can achieve anything if you are willing to pay the price.” – Vince Lombardy. One of the things that the best investors in apartments and commercial real estate look for is to be a winner. In our world, an investment property winner. This means different things to different people, but for me, it’s getting the most for my investment and the most for my efforts.
So what is the easiest way to do this… to be a winner in commercial property? Let’s talk non-technical for now. Just do only what the top 20% of apartment and commercial property owners do. If you want to get even better, only do the things that only the top 5% do. Every time you do the same kinds of things that the other 80% do, you get the results of the other 80%.
And what kind of results are those? Average. Now, there’s nothing wrong with average, if that’s what you want. But I’m guessing just by reading this article you’ll probably want a lot more than your average investment. You can find average anywhere.
So what exactly do the top 20% of investors do? They continually take the time to focus on increasing the value of their properties by maintaining it properly, managing it properly, and focusing like a laser beam on the net operating income (NOI) of their building. Not only is your cash flow derived from the increased NOI, but more importantly, from your property values. Focusing on growing this while holding things up is exactly what major investors are doing and certainly where I recommend you spend your time.
The other 80% of investors are trying to run their commercial and apartment investment business with minimal effort. Many are letting properties run on their own. There is not a single business in the world that can excel with this type of mindset and management, let alone become a winner.
The bottom line is this: look around you and find out: “What are the ‘other’ 80% doing?” Whatever it is, make sure you don’t do the same. This will be the fastest way to progress apartments and commercial investment properties for you. It really is a shortcut for those of us who want the maximum return on real estate investment with the minimum of effort.