Andrew Syrios

Andrew Syrios

Andrew Syrios moved to Kansas City from Eugene, Oregon in 2011 to open a second branch of Stewardship Properties. Stewardship Properties now has three branches in four states (Oregon, Missouri, Kansas and Texas) and owns just shy of 600 units. Andrew's father, Bill Syrios, started Stewardship Properties in 1989 and focused on campus housing around the University of Oregon. After Andrew graduated from the University of Oregon, he began working with his father. The campus market had unfortunately become saturated, so they focused on flipping, and between 2005 and 2011, flipped over 150 homes. However, Stewardship Properties' strategy has always been to buy and hold, so they decided to opened another branch in a cash flow market. In 2011, Andrew Syrios and Stewardship Properties settled on Kansas City. Later, they added another branch in Dallas, Texas. Today, Andrew, along with his brother Phillip, oversees over 100 properties and 170 units in the Kansas City metro area. You can reach him on Youtube below, at StewardshipProperties.com or at AndrewSyrios.com

    Andrew Syrios's Articles

    • Quality Maintenance in a Nutshell

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    • How To Resolve Tenant Disputes

      The landlord-tenant or property manager-tenant relationship is, unfortunately, rather tense sometimes. And unfortunately, we have seen more and more anti-landlord rhetoric and legislation come down the pipe in the last couple of years in large part because that relationship is often tense. While there will always be disagreements between landlords and tenants, there are ways to alleviate them and improve that relationship.This is critical for the bottom line. Maintaining a strong relationship with your tenants is a critical step to getting them to renew their lease. More renewals equals less vacancy and less turnover. Less vacancy and less turnover equals…

    • Investing In Rentals – Buy & Hold 101

      In my judgment, investing in real estate to hold is the best method yet discovered for a person of modest means to become wealthy. Unfortunately, that doesn’t make it easy. Buying and holding real estate successfully requires accomplishing a lot of very different tasks simultaneously or it won’t work. To boil it down, there are five major components:1 – Acquisition2- Financing3- Rehab4 – Management5 – MaintenanceIn my experience, these five components of buy and hold real estate investing are the basis for building wealth in real estate investing. I will explain each in detail below.AcquisitionYou make your money when you…

    • How To Finance Buy & Hold Deals

      Unfortunately, buying real estate and holding it requires money and raising it can be a great challenge. Fortunately, there are multiple methods to overcome such a challenge. However, first it’s important to understand the most important principle of buy and hold; thriftiness.A 2012 Federal Reserve study found the average homeowner had a net worth of $174,500 while the average renter had but $5100. In other words, owning real estate is the key to wealth. And those in that study only needed to own one home. Imagine owning five, or 10 or 20. Indeed, owning real estate has probably been the…

    • Due Diligence for Investing Out of State

      For those who live in expensive real estate markets, buying out-of-state in a cash flow market can look very appealing. On the one hand, it makes perfect sense because in certain places, such as California or New York, real estate simply costs too much to rent out and make it pencil out. However, investing out-of-state is very risky and I have seen a lot of equity go the way of the dodo bird when investors buy real estate far from home.I met one man who had bought two houses out-of-state at highly inflated prices from an extremely shady individual and…

    • Due Diligence For Buying REI Houses

      Due diligence is an extremely tedious, unpleasant and boring thing to do. It is also absolutely essential for any real estate investor. Proper due diligence is absolutely vital to avoid making costly mistakes. I, like many investors before me, have unfortunately learned this lesson the hard way. Once I bought a property with major foundation problems, another time with no plumbing in the basement, and another time the wiring had been so completely scrambled by some overly ambitious do-it-yourselfer that flipping the bathroom light switch turned on the porch light. It only takes a few of these mistakes before due…

    • Due Diligence For Apartments

      Due diligence is vital when it comes to any real estate investment. And with regards to large apartments, it is substantially more important than houses. More money is at stake, so mistakes are all the more costly.I have witnessed (and occasionally been part of) more deals than I’d like to remember go terribly wrong as budgets swelled and properties that once appeared to be great deals became nothing more than money pits. Luckily, these headaches can be avoided, or at least mitigated, with proper due diligence.Multi-family properties are generally bought on a 60 day contract instead of the normal 30…

    • Top 20 Tidbits Of Real Estate Advice

      Sometimes a simple sentence is more helpful than an entire essay. This is especially true when it comes to quick, easy rules to follow. Rules you can keep fresh in your mind versus abstract ideas that require pages upon pages to fully flesh out.With that in mind I will list out the top 20 tidbits of advice I would give to any aspiring real estate investor:1. Live below your means.2. Never buy something you can’t re-sell in 45 days and at least break even, preferably profit.3. Unless extreme circumstances, never buy something based on appreciation or cash flow if it doesn’t have equity in it at the time…

    • It Costs More And Takes Longer Than You Think

      One of the most consistent problems that new investors have is that they think they can get away with rehabs on the cheap. For one thing, you pay what you get for. Don’t hire some subpar contractor who pays a bunch of sketchy semi-employable people under the table to do your rehabs with a mix of cheap materials, used materials and possibly stolen materials.Secondly, projects usually take longer and cost more than you expect. This is especially true for new investors, but even experiences one’s can get burned. The Sydney Opera House was supposed to cost $7 million dollars and take…

    • How To De-Esclate Situations With Tenants

      When it comes to property management, there is not a more important skill than being able to de-escalate situations with unhappy tenants. And to learn this skill, there is no better resource than Dale Carnegie’s fantastic book How to Win Friends and Influence People.When a tenant is angry about a maintenance issue, disputed charge, deposit refund (or lack thereof) or any other issue that you can think of, the natural response is to argue with them and defend your position. If they raise their voice, the natural response to raise your voice in return. If they insult you, the natural response is to at…

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