Mendell Gosnell, CPMPrincipal Broker, Centurion Real Estate Services · Helping Real Estate Investors Build Generational Wealth Through Smart Property Management | Branch Offices in Salem, Corvallis, Eugene and Redmond.

How We Funded Every Improvement Out of Cash Flow

17 Sept 2026 · 1 min

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Mendell Gosnell explains how his property management team funded renovations and added a unit entirely from operating cash flow, raising rents on remodeled units. They accumulated cash before taking distributions a few times yearly, and used a separate LLC to cover partner expenses like trips to Arizona.

Chapters

When units came vacant, we remodeled those, which so allowed us to raise the rents consistently. We added a unit to the property. We pretty much were able to finance all of the improvements out of cash flow. So we let the cash flow build up, and then we were able to take consistent distributions, cash flow distributions, a few times a year. And all of the trips down to Arizona by each of the partners was paid for by the L. LLC.