Live Q&A - Building Your Team, Staging Properties, Working with Family, and Hiring on Values
Investor Cheat Code Podcast with Mike Simmons
English - August 12, 2021 07:30 - 42 minutes - 26 MB - ★★★★★ - 241 ratingsInvesting Business Entrepreneurship airbnb business cashflow education entrepreneur estate flips investing real rentals Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums in April and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.
This presentation is the live Q&A that I did on July 21st and each week on Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!
Notable Quotes:
“When investors are analyzing a deal for rental, they don’t always think of putting aside money every month for maintenance.”
“Another thing that landlords forget to consider are vacancies. Assume you will have to turnover your property at least once every year or two.”
“The great thing about private money lenders is that all of the terms are very negotiable.”
“I can’t stress it enough how much crap a property management company will take off your plate if you have a rental portfolio.”
“Getting together with your team at least once a quarter to do goal setting and strategy sessions is essential.”
“I want to hire somebody with the right values and then train skills.”
“Passive income is not passive if you are managing your properties and dealing with the maintenance issues.”
“I think in business, everything is about testing what works.”
Links:
Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months