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How to Deal with a Real Estate Disaster: Lessons from the Trenches

Thoughts of pooling water mingling with electricity crossed my mind: a catastrophe waiting to happen.

Thankfully, no one was hurt from this disaster.

Painfully, this experience concluded in evacuation and relocation of 8 tenants for 6 agonizing months.  Not only did I stop getting rental income but damages to the property amounted to $90,000.

That experience alone could have ended my real estate investing journey – and it almost did.

Rather than cutting my losses and moving on with life, I decided to learn from it and grow my real estate portfolio the smarter way.

Rather than learn by trial by fire (like I did), take a few minutes now to learn what you can do to deal with a disaster in a more proactive and less stressful manner.

I hope my lessons from the trenches helps you grow in your real estate investing journey.

Do you have any tips for dealing with a real estate disaster?  Share below.

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