Business
Alex Deacon has been a licensed agent for 19 + years and is an associate broker for Keller Williams. Owner of Mace Property Management for more than a dozen years, managing nearly 700 properties in the Metro Pittsburgh and surrounding areas.The robust staff includes 5 property managers, a dedicated repair coordinator, and two front of the house administrative assistants, plus three leasing agents. Consistently in the top 1% of sales nationwide ( over 1 million agents )Alex has sold over 1000 homes, and his team is on track to sell 16 M in volume this year alone!! As an investor, Alex manages between 4 and 8 renovation projects each month. While some projects are sold on the retail market, a large portion are subsequently rented and then sold to investors, for a true " turn key " addition to their buy - and - hold portfolio.View our full conversation below:What’s important for a newbie?Get really good at raising your real estate IQ.Hard Work. Look yourself in the mirror and understand that you are going to have to work.Spend a year learning.Map out success.How much time do I want to commit to this?Focus on 168 hour per week rule.How do I partner with a property management company as a newbie? Should I?Management is a luxury, not a necessity.Talk with a property management company and explain your situation.Feel them out.What makes you stay in the SFH and multifamily homes?He recommends that we get really good at whatever you decide to focus on and he did this with SFR and smaller multifamily.What is challenging about investing in the Pittsburgh market?To not chase every shiny object.What prompted you to start property management?He wanted to have control over his real estate destiny, and might as well manage other people’s property.Where did you make the greatest progress in the shortest amount of time in your career, why?Now, today is the best time of his career, because he is more mature and he knows when to say no to deals. Temper his desire and drive with maturity. Real Estate Investor:What’s your real estate superpower that makes you a deadly investor?Honest and always fair to his partners.He always makes money for his investors.What is your #1 real estate/business book?Rich Dad Poor Dad What’s a quote that you live by? It’s nice to be important but it more important to be nice.Get in touch: Alex@alexdeacon.com