Masters of Real Estate

You're Not Supposed to Get Rich Off the First Property with Tyler Lyons


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In this episode, Matt and guest Tyler Lyons share what it actually takes to build wealth in real estate, from starting with single-family homes to managing large multifamily assets. He breaks down the parts most investors overlook, like managing lease expirations, planning around inflation, and treating asset management as the real profit center.

Whether you're just starting or scaling into bigger deals, this episode will sharpen how you think about your business plan, operations, and long-term strategy.

🔍 What You'll Learn:

  • Why starting with single-family rentals is a valuable training ground—even if it won't make you rich

  • What new syndicators get wrong about acquisition fees and scaling too fast

  • Why strong asset management (not more deal flow) is key to long-term investor trust and profitability

  • How inflation and rising insurance costs can erode cash flow if you're not proactively adjusting your plan

  • How market shifts (like tax law or population changes) can impact your renovation and rent growth strategy

  • Why lease timing and tenant planning is just as important as renovations

  • How to schedule lease renewals to avoid vacancies and maximize rent-ready timing

  • What to prepare before closing on a 300+ unit property so your business plan doesn't fall apart

Want more resources from Mathew? Grab his free due diligence checklist and other tools at www.mathewowens.com!

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Masters of Real EstateBy Mathew Owens