Harnessing Property Managers & Partnerships for Real Estate Success with Michael Lombardi Ep. 151

Meet Michael Lombardi, a savvy investor who embarked on his real estate journey in 2016, starting with house hacking in Toronto and expanding his expertise to strategically add value to properties in smaller Ontario markets.In this episode, Michael shares about:The importance of strong relationships in real estate, suggesting that suggestions and changes should be made gradually within trusted relationships.Joint venture partnerships, focusing on the significance of selecting partners wisely and having realistic long-term investment expectations.Strategies for navigating market cycles include running conservative numbers and maintaining a long-term investment perspective.Role of appreciation in real estate portfolios and the importance of holding properties through market cycles.Considerations for selling properties and reinvesting in opportunities with higher cash flow potential are also discussed.Learning from mistakes and the importance of resources like podcasts for educating investors, along with plans for future investments in small businesses and stable real estate opportunities.About MichaelInvesting actively since 2016, my journey began with house hacking in Toronto before learning the BRRR and understanding how to add strategic value to properties in smaller markets in Ontario. The journey has been incredible, but it's far from over!Connect with MichaelInstagram - https://www.instagram.com/certaincapitalConnect with Danielle ChiassonWebsite: https://strategicsuccessconsulting.comLinkedIn: https://www.linkedin.com/in/daniellechiasson/Facebook: https://www.facebook.com/DaniChiassonInstagram: https://www.instagram.com/letsgetrealTikTok: https://www.tiktok.com/@danichiassonBook in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat Listen in and subscribe for more.You can also leave us a review and of course, don’t forget to share. I’m sure there are real people in your network who can take advantage of what they’re going to learn from the show.Interested in becoming a guest on the show? Email [email protected] with the Subject: I want to be a guest! OR simply fill out: https://letsgetrealestatepodcast.com/be-a-guest/.