EP041 Buy & Hold Investing in Single-family and Multi-family, Buying into a Busted Condo Community, and Transitioning to a 3rd Party Professional Management Company with Bruce Vander Vennen
A lot of our listeners in Grand Rapids might know Bruce Vander Vennen as the President of Jack's Lawn Service and Snowplowing. But what you may not know is that Bruce is also a successful rental property owner with 108 units in single-family, multi-family and condos in Kentwood, Grand Rapids, and Muskegon, Michigan.
Today on our show, Bruce shares how he began his portfolio, the problems he faced along the way, and the new market he started investing in six months ago.
Bruce also shares his story of a condo he picked up at tax auction that was not what he expected it to be, the Memorial Day Weekend he spent cleaning a sewage backup in the basement of one of his properties, and how that experience lead to his decision to hire professional 3rd party management.
There's a lot of great content in today's conversation. Please take a moment to go to itunes to 'subscribe, rate & review'!
You can contact Bruce through his website. If you're an RPOA member you can receive 20% off of your lawn care & snow plowing services.