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Cody Reeder shares his journey from real estate investor with four duplexes to managing over 900 properties while building a separate maintenance company and maintaining his passion for ultra-running. He reveals how initially trying to survive on management fees alone wasn't sustainable until he discovered additional revenue streams that made the business truly profitable.

• Started in ad sales before transitioning to real estate investing in the early 2000s
• Originally believed property management was simply "collecting rent and smiling all the way to the bank"
• Grew personal investment portfolio to over 200 units including two 45-plexes
• Transitioned to third-party management out of necessity when tenants left his commercial building
• Now manages approximately 700 third-party units with a team of 13, including 5 remote employees
• Created a separate maintenance company called Service Depot that generates significant revenue
• Grew business primarily through education rather than traditional marketing
• Became a CE instructor teaching real estate agents about investor mindset
• Employs multiple family members while maintaining clear performance expectations
• Draws parallels between property management challenges and ultra-running endurance

If you're going to be successful in property management, you need to look beyond just management fees and find additional revenue streams while positioning yourself as an expert in your field.

visit pmsuccess.com for more value packed property management related information or to hire Tony as your property management coach.