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I’ve stated many times before that the key to wealth building in real estate is to develop passive income streams. Rental properties are not entirely passive as rentals and rentERS need managing. You can hire a management company but they you have to manage the management company. Sounds like a lot, but if you have an excellent management company it’s like having an excellent contractor - life is SO much easier. You need to know the basics of property management even if you are going to hire it out. And you need to know someone who really knows what they are doing. That brings us to our guest today, Marc Cunningham.
Marc Cunningham grew up in the family property management company his father founded in 1978, Grace Property Management. Marc starting in the “weed pulling” division and moved on to mowing, painting, accounting and leasing. He joined the firm permanently in 1997 and currently serves in the role of President.
Today, from a platform of managing over 900 rental properties with 20 team members, Grace Management helps people buy, sell, invest, flip, collect rent, evict, and have fun doing it! If you are more impressed with initials after a name - Marc is the President of Grace Property Management & Real Estate, holds a degree in Real Estate & Finance, has taught CE classes in over 20 states, has been featured in multiple national real estate publications, hold multiple designations, and was just named the 2018 national property manager of the year by Think Realty. Marc lives in Loveland, CO, where he lives his failed childhood sports dreams through his children.