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Confidence Restored: A Property Management Story

Did you know ROOST Real Estate Co. has a Property Management Division? Read an excerpt from our Property Management Story below and learn how we can help you find your way past the bumps and bruises of the real estate investor life. – Chris McAllister

“Unlike some, who bought boats or traveled compulsively, Dave and Christine wanted their savings to be productive. They debated funds and investments, but it all seemed too risky, or needed too much time to show returns.

Real estate provided quick revenue. Or so it seemed.

Real estate requires patience. Profits are not instant, and it’s better to ease in slowly. Dave and Christine dove in headfirst. The properties they bought were cheap, but came with costs that weren’t obvious. It wasn’t long before debt began piling up.

It’s easy to judge, but having been to the bottom-of-the-bottom, it’s even easier for me to sympathize. I bought more than $5 million in property from 2003 to 2005. Credit was cheap, and you can guess what happened next: the Financial Crisis. We went under. By 2008, we had accrued so much debt that I needed to declare bankruptcy.

My biggest problem: I spent too much time chasing tenants for rent, and being nickel-and-dimed to death for small projects.

I didn’t quit, because real estate is my passion, but I learned from the experience. I realized property management is key to making real estate investment work. And that’s how ROOST evolved.”

Continue reading our Property Management Story here.