Logan Rankin
@loganjrankin
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Built RE Holdings to 5k+ units w/o giving up equity. No syndications or coaching. Obsessed with leadership, systems, & speed.
Joined March 2014
All company meeting today. Had a lot on my mind and many mixed feelings. Thought I’d write them out and share transparently. Started PM company w/construction arm in 2019 w/ 4 employees. *Managed 252 units and averaged 2 rehabs a month. All company meeting today. 150
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Wisconsin hospitality - team dinners are part of the norm here…super cool to see it done at this level!
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It’s not just about the numbers, it’s about the story behind the numbers.
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Oh and btw, I really like @ChrisRamsey60 just sharing my perspective.
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You should always know how to operate your business profitably and have the ability to do it. Trust me — when the deal of a lifetime lands in your lap, you’ll either have the capital and know-how to take it down yourself, or a strong enough track record from running a profitable
You should always know how to raise capital and have the ability to do it. Trust me on this a time will come when the deal of a lifetime lands in your lap, and you won’t be able to fund it alone. The people who know how to raise money are the ones who seize those moments.
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So far, I've bought 770 units this year, averaging about 2.5 units a day. All off-market. I pay a huge finder's fee for anyone who brings me a deal, “Off Mkt” in the areas I invest (WI). Depending on the deal size and potential value, strong 6 digits. DM/email me if you ever
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Last week we closed 631 work orders. 98.51% were done within 48 hours. 94.78% within 24. Resident experience came in at 4.79 / 5 — real feedback from surveys that go out as soon as we close a job. That’s about 100 work orders a day across 26 cities and 2 states. This kind of
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Risk. It’s how wealth is built. And why most never build it.
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Don’t know Sam super well, but I’ve talked to him a few times through Hampton — genuinely good guy. Using Twitter for this kinda thing is just dumb. If you’re confused about the value, ask directly. This ain’t it. I’m pro-Sam on this one. Focus on what you’re building instead.
Sharing this here. This was my reply to this Jesse guy. 1. The price paid cash up front (something like 21 or 22m). 2. Then I personally was given a bunch of stock as talent (I was hosting MFM and The Hustle was, in part, my personality). 3. Also, some key employees got
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Most property managers in the U.S. answer the phone on the first try less than half the time. In Wisconsin, it’s about the same—likely worse. Ours? 2nd ring. 99% of the time. And it’s not just picking up. We answer with energy, urgency, and the goal of solving it on the
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What platforms or tools have made the biggest difference for you?
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@ScribeHow -SOP Creation -Team Training -Visual Learning Tool
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@trello -Checklists: Organize priority tasks -Collaboration: Work together in real time -Visibility: See progress w/ time stamps & Mobile Friendly
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@Nextiva -Business Communication Platform -Calls, Texts, etc. -Tracking & Analytics
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@GoogleAIStudio -AI Photoshop Tool -Projected Unit Rehab Designs -Enhance & Speed Up Leasing Process
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Virtual Staging AI -Staged Photos: Professional, styled shots -Prospect Experience: Make searching & comparing easier -Marketing Material
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@Matterport -Real Life Tours -Unit Floor Plans & Dimensions -Marketing Material
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@CasaCubi -3D Renderings (videos) -Virtual Tours -Marketing Material
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@reonomy -AI-Based Searching -Off-Market Deals -Property Data
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