141. Why In-House Property Management is a Game Changer with Sam Eddinger
Manage episode 435423618 series 2853794
ABOUT SAM EDDINGER
Sam is the founder of Ironclad Property Management, an investor-focused property management company in central CT. He has been involved in real estate from a young age and has witnessed how investing in real estate with a long-term horizon can build wealth.
In 2018, after 15 years as a nuclear engineer, he surprised his coworkers and managers by leaving his desk job to start Ironclad Property Management. Because of his experience in engineering, Sam brings a data analysis and process-based approach to property management. Because of his experience as an investor, Sam works to help each client improve their investment rate of return by renting high, renting fast, and renting well.
THIS TOPIC IN A NUTSHELL:
Sam’s career and his journey in real estate
Real estate network and community
Entrepreneur’s organization
What is NARPM?
Mortgage and loans to leverage deals
Benefits and challenges of setting up the PM company
Why go for real estate syndication?
How to add value as a syndicator
Branching out in different markets
Hurdles that you see in getting into the Syndication game
Underwriting and his take on their current market
Pain points of Property managers
Advice to his 25-year-old self
First Entrepreneurial Endeavor
Formal and informal training that shaped his journey
His biggest mistake and what he learned from it
Connect with Sam
KEY QUOTE:
“My biggest mistake was overanalyzing the numbers on everything and not taking more risks.”
SUMMARY OF BUSINESS:
Ironclad Property Management specializes in helping single and multi-family investors throughout central Connecticut. We are a process-based company and pride ourselves in removing the headaches of managing rental property while improving performance for our clients.
ABOUT THE WESTSIDE INVESTORS NETWORK
The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.
The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.
#RealEstateInvesting #Multifamily #Syndication #MultiFamily #RealEstatesSyndication #PropertyManagement #AssetManagement #Investors #RealEstateInvestors #NARPM #JointVenture #EntrepreneurOrganization #NAPRMcommunity #HardMoneyLoan #SmallMultifamily #CommercialRealEstate #SeasonedInvestors #ValueAdd #Portfolio #Underwriting #InHousePropertyManagement #BlueStates #Connecticut #Syndicator #VerticalIntegration #GeneralPartners #Operators #WealthBuilding #InvestmentInsights #JoinTheWINpod #WestsideInvestorsNetwork
CONNECT WITH SAM:
Website: www.ironcladpm.com
Email - sam@ironcladpm.com
Phone no. 860-254-7343
LinkedIn: https://www.linkedin.com/in/sameddinger
Facebook: https://www.facebook.com/tempstguru
CONNECT WITH US
For more information about investing with AJ and Chris:
· Uptown Syndication | https://www.uptownsyndication.com/
· LinkedIn | https://www.linkedin.com/company/71673294/admin/
For information on Portland Property Management:
· Uptown Properties | http://www.uptownpm.com
· Youtube | @UptownProperties
Westside Investors Network
· Website | https://www.westsideinvestorsnetwork.com/
· Twitter | https://twitter.com/WIN_pdx
· Instagram | @westsideinvestorsnetwork
· LinkedIn | https://www.linkedin.com/groups/13949165/
· Facebook | @WestsideInvestorsNetwork
· Tiktok| @WestsideInvestorsNetwork
· Youtube | @WestsideInvestorsNetwork
141 episodes