Business
He began his real estate investing career in 2016 by owning and self-managing investments in Michigan. He also took an interest in real estate development before joining Rand Partners in 2019. Mike is currently an associate that is responsible for underwriting deals, investor relations, and asset management. Mike Taravella, CPA, graduated from Michigan State University in 2014 with a Masters of Science in Accounting. He has worked 5 years professionally in accounting. He started at Ernst & Young in public accounting as an auditor and then transitioned into Detroit’s startup community at Dan Gilbert’s Rock Ventures. REALEST nuggets from the episode: 1. How to choose a submarket? MAKE SURE the Median Income 35,000 or higher. 2. What to look for? Unit mix, unit mix, unit mix! Make sure you know what unit mix supports what type of tenant in your respected submarket! Other tips and Tricks: Be very careful on our cities rules for property management. Little bit less of the rental for a move in fee Admin fees. $50. Educate educate educate to get a deal. Traction is the recommended book. Exercise. Read. Write. Everyday. What to reach out? Mtaravella@randpartnersllc.com Website: Randpartnersllc.com