“A dictionary is the only place that success comes before work. Hard work is the price we must pay for success. I think you can accomplish anything if you're willing to pay the price.” – Vince Lombardi.
One of the things that the top apartment and commercial real estate investors are in pursuit of is being a winner. In our world, an investment property winner. This means different things to different people, but to me, it's getting the maximum return on my investment, and maximum return on my efforts.
So, what is the simplest way to do this…to be a winner in commercial property? Lets talk non-technical for now. Simply do only what the top 20% of apartment and commercial property owners do. If you want to get even better, do only the things that only the top 5% do. Any 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 is nothing wrong with average, if that is what you want. But I am guessing that just by reading this article you probably do want much more than an average investment. You can find average just about anywhere.
So what exactly do the top 20% of investors do? They continually take time to focus on increasing their property value by maintaining them properly, managing them properly, and focusing like a laser beam on their building's Net Operating Income (NOI). Not only is your cash flow derived from increasing the NOI, but more importantly, your property values. Focus on increasing this while keeping things maintained is exactly what the top investors are doing, and certainly where I recommend you spend your time.
The other 80% of investors are trying to run their apartment and commercial investment business with the least amount of effort. Many are letting the properties run by themselves. There is not a single business in the world that can excel with this kind of mindset and management, let alone become a winner.
The bottom line is this: look around and find out, “What is the “other” 80% doing?” Whatever it is make sure you do not do the same thing. This will be the quickest way to apartment and commercial investment property progress for you. It is truly a shortcut for those of us desiring maximum real estate investing returns with minimal efforts.