Feb 10, 2021
“At the end of the day, being a
long-distance investor is going to be inevitable, but you got to
have the right people on your team, that doing everything that
needs to be done.”
Today I had the pleasure of
speaking with Cindy Byler, the owner of Passive Patriots, LLC. She
is a buy-and-hold real
estate investor who primarily invests in her hometown-area in
Elmira, NY, who currently lives in Central Texas. So all
acquisitions, remodeling, and rentals are managed from over 1600
miles away.
Let’s jump right into this
episode and learn more about managing your real estate investment
from miles away.
[00:01 - 05:54] Opening Segment
- Let’s bring Cindy Byler to the
show.
- Cindy talks about how she manages her real
estate business from 1600 miles away.
- She started as a long-distance
landlord.
-
- At the end of the day, being a long-distance
investor is going to be inevitable.
- Have the right people on your team, that doing
everything that needs to be done.
[05:55 - 13:49] Being a Long-distance
Investor
- Cindy talks about her plan to purchase a
property in San Antonio.
-
- The consideration to self manages or being
another tenant.
- Cindy shares about her first issue and mistake
in hiring an unreliable property manager.
- Find the right property manager for
you.
-
- It’s almost like a partnership because at the
end of the day, they will not only managing the property but also
helping you grow.
- Cindy talks about her properties and how she
manages them.
-
- She manages the single-family home.
- Her property manager manages the multi-family
properties.
- Self-managing vs. hiring a property
manager.
[13:50 - 23:27] Life as a Military Wife
- Cindy talks about her husband’s military
career.
-
- He has been in the military for 8,5
years.
- She talks about her family’s plans for the
future.
- Cindy shares about her husband’s career
goals.
-
- He goes to school while being in the
military.
- He is going to pursue his Doctorate in
physician assistant and surgery.
- Cindy talks about replacing her income with her
rentals.
- Cindy shares about the beginning of her
marriage story being a military wife.
-
- Facing the deployments.
- She got pregnant after she was just beginning
her school year.
- Choosing family over career.
-
- She shares her story of putting her career on
hold to be with her children.
- Supporting her husband in
med-school.
- Moving three times in 3 years.
- Got her master’s degree during that
time.
Tweetable Quotes:
“At the end of the day, being a
long-distance investor is going to be inevitable.”- Cindy
Byler.
“It’s almost like a partnership
because at the end of the day, they will not only managing the
property but also helping you grow.”- Cindy Byler.
“The key is to have the right
people on your team, that doing everything that needs to be done.”-
Cindy Byler.
You can connect with Cindy
on
Linkedin.
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LLC. for syndicated multifamily investments, https://lorrencapital.com/.
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