In this episode, Ray challenges retail property owners to rethink the “mailbox money” mindset and instead adopt the discipline of a real business operator. While 100% occupancy and regular rent checks might feel like success, it’s often a deceptive comfort zone that masks slow financial erosion.Ray breaks down what it really means to treat your property like a business—from auditing expenses and budgeting for capital reserves, to renegotiating vendor contracts and staying connected with tenants. He shares a real-life contrast between two owners with similar assets—but dramatically different outcomes—showing the power of intentional ownership.Whether you self-manage or work with a third party, this mindset shift could be the key to protecting your income, growing equity, and securing future options.________TakeawaysTreat your retail property like a business, not just mailbox money.Trouble in retail real estate builds quietly and slowly.Regularly track and audit your expenses to avoid losses.Budget for capital reserves to prepare for major repairs.Review and renegotiate vendor contracts every few years.Stay connected to your tenants to foster good relationships.Good tenants are built through strong relationships.Consistent small moves can change the trajectory of your property.Mailbox ownership leads to stagnant results; active management builds wealth.Staying connected to your investment opens future options._______Chapters00:00 Introduction to Retail Property Investment Mindset03:05 Treating Your Property Like a Business05:29 Key Strategies for Successful Property Management_______CONNECT WITH ME ON LINKEDIN:   / raycrebroker  Visit my website at: https://www.raycrebroker.comPLEASE LIKE AND SUBSCRIBE. THANK YOU!

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