One of the biggest mistakes turnkey investors can make is mistaking “passive” investing for “disengaged” investing. No matter what strategy you utilize, an owner-investor has a critical role to play – and that role comes with responsibilities.

The bigger your real estate investment portfolio grows, the more diligent you must be in wealth management.

For passive real estate investors, your job is to steer the ship. You’re the one setting goals, driving acquisition rates, communicating a vision, and, ultimately, evaluating your portfolio performance and pivoting accordingly.

Remote real estate investing can be one of the best things you’ll ever do as an investor. From unprecedented market access to key portfolio diversification, the benefits – and the options – are endless. With that said, out-of-state investing can be risky. Don’t ignore these essential steps to safely (and successfully) investing outside of your local market.

Most people who invest in anything are after passive investments. Active investors must dedicate considerably more time, energy, and expertise to building their portfolios. Those are things that people don’t often have – and building wealth can’t wait until you have them.

Let’s be honest – passive investing doesn’t sound like the most exciting thing in the world. And truth be told, it’s not supposed to be! The big benefits of passive real estate investment aren’t about the thrills of sealing deals and making fast-paced executive decisions.

Over the past few months, we have heard over and over again that the world is changing. That there will be a “new normal” that we will all have to adjust to. And it’s true — the world is changing and in some ways that we can’t predict. For our part, our attention has been firmly on how to best serve and communicate with our residents and investors. Taking care of them has always been our top priority. It has only become more important in the midst of the COVID-19 crisis.

For passive real estate investors, there are some big decisions that have to be made at the beginning of your investing career. Yes, you have to think about where to invest. You have to think about how you want to build your portfolio. But first and foremost, you should be thinking about who you trust with your investing future.

Out of all the ways to invest in real estate, buy and hold is the one that we champion as the best way to invest at any skill level. But why? After all, there are so many different strategies available when it comes to real estate investment. Even within a buy and hold model, there are different types of properties to invest in and sub-strategies to consider: like turnkey real estate.

If you’ve been in the throes of financial thought for any amount of time, you’ve more than likely come across the FIRE movement. If you aren’t familiar, FIRE is an acronym that stands for Financial Independence, Retire Early.