Property Profits Real Estate Podcast

It's often the notion that money is hard to earn during an economic crisis. People are freaking out, and most are scared and refuse to see the brighter side.
Open your mind to the possibility that opportunities abound. Only through education will you learn to turn things around during a downturn.
Our two guests for today prove that. Come and join us in this episode!
Bill Guting is one of the Founders and Partners of the DreamVest group of companies, which invests in commercial and residential projects in prime U.S. markets with the greatest potential for cash flow and/or long-term equity growth potential.
Kimmie Nguyen is a Co-Founder and Partner in the DreamVest group of companies. She balances her busy career with an equally active personal life. Happily married with two active and wonderful boys, most of her free time is spent traveling and on a wide variety of family activities.
In this episode, Bill and Kimmie have shown that where others fear, they have found their strength, finding opportunities in an economic crisis. While others are conservative, they are creative in finding deals that get them past the down times.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode for 17 minutes:
Learn to see an opportunity rather than a recession during the financial crisis
Find out creative deals you can dive into that see you through market ups and downs
Learn how to combat the fear of the unknown with education
Resources:
For more of Bill and Kimmie’s valuable resources, check out here: https://gimmesomemore.info
Topics Covered:
01:35 - Are we in a recession? Let's hear their opinions...
03:33 - What could be the reasons for the housing market to crash? [taking into account past historical data]
08:41 - Getting ready for any recession eventuality
10:21 - Creative deals to turn to during a recession
12:25 - Making money during a financial crisis [and the best asset class to resist its impact]
14:29 - Education is key to finding opportunities
Key Takeaways:
"When people hear recession, when we talk about recession, potential depression, people get fearful. But what we try to do is get people to reframe. When you see a recession or even depression, don't see a recession; see opportunity." - Bill Guting
"Seller financing, lease options, master lease options become available, not just in multifamily, but all amongst all asset classes. Those are some types of opportunities that become more prevalent and available in a downturn." - Bill Guting
"The whole ability to raise aggregate capital is probably one of the most valuable skills you can develop right now." - Bill Guting
"We know a lot of people who make millions in the financial crisis, when you know, the right timing to go in" - Kimmie Nguyen
Connect with Bill Guting and Kimmie Nguyen:
Website: https://gimmesomemore.info
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

Want to go big so quickly? Then, be prepared to do things massively and differently.
That means creating a solid foundation for your real estate business. And that includes working on your personal development via high-ticket coaching and consistent quality networking.
Interested to know what that looks like for you? Come join us in this episode as our guest shows us how he uses one analogy to scale his business quicker.
Tate Siemer is the visionary and CEO of GreenLight Equity Group, which currently owns 595 units totaling $49.5M in value in Oklahoma City, and Columbus, OH. Tate's passion is improving apartment buildings in such a way that maximizes the value of community.
In this episode, Tate shares how, with the use of the bamboo analogy, he has to work on solidifying the foundation of his real estate business to prepare for something big. If it meant diving deep into high-level mastermind courses, so be it. That's what he did. Plus, the networking, mixing, and mingling with those who greatly impact him personally and professionally.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode for 18 minutes:
Find out one valuable step you must do to tackle bigger responsibilities in growing your real estate business.
Learn how to leverage others' expertise and authority to scale your business.
Discover how you can contribute to your network even as a newbie with little solid experience.
Resources:
Book a FREE 15-minute consultation with Tate. Click here: https://glequitygroup.com/
Topics Covered:
01:31 - Changing his podcast name
02:47 - What it required to get all things built up in so short a time
04:42 - An analogy he attributes to how he runs his business and the crucial steps you need to make when you want to go big.
10:10 - What can a newbie bring to the table with no prior experience
12:08 - Scaling a 12-unit deal into many times more deals so quickly [refinancing strategies employed]
13:34 - Failures and setbacks while building the business from the ground up and learning from them
14:45 - What makes things challenging on a mindset level
16:05 - Strengthening your capital-raising infrastructure and processes
18:00 - Leveraging professionals to accelerate your learning curve
21:30 - Making sense of faith coupled with actions and the right mindset
Key Takeaways:
"In addition to the coaching mastermind, I went to several national conferences. I highly recommend those to listeners because people talk about getting in the right rooms, and you also have this concept that your network is your net worth." - Tate Siemer
"I will attack these conversations and networking from a value-add standpoint. Going to be looking at this, like how can I help other people?" - Tate Siemer
"This is very much a team sport. And everybody's got value. Even if you haven't done a deal yet, of course, you want to make yourself more and more valuable quickly by exposing yourself to as much knowledge and experience as you can." - Tate Siemer
"When I do presentations and do my podcasts, we talk a lot about the mindset piece. And it's so fundamental to really believe that you can do the business." - Tate Siemer
Connect with Tate Siemer:
Website: https://glequitygroup.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

Heard of the stigma surrounding probates in real estate investing?
While there has been a discredit to probate matters, there is always a way to turn things around and let the deceased's executors and heirs call you up to sell the property.
That's where your branding and marketing strategy makes a difference.
Sharon Vornholt is the owner of Innovative Property Solutions in Louisville, KY. She began investing in 1998 and was originally a rehabber and a buy-and-hold landlord. However, when the market crashed in 2008, she became an "accidental wholesaler." Sharon loves helping real estate investors build a profitable business by specializing in off- market deals.
She is also passionate about empowering and educating women who are interested in real estate investing.
In this episode, Sharon shares a reliable marketing strategy that is simplified, gets you ahead of your competitors, and consistently fills your client pipeline.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode for 18 minutes:
Learn about what probate is in real estate investing and how to go about the whole process
Find out the marketing and branding strategy that works to generate probate leads consistently
Discover profitable investment strategies you can employ on probate properties
Resources:
Check out Sharon's resources:
Louisville Gal's Real Estate Blog: https://Louisvillegalsrealestateblog.com
Probate Investing Simplified Course: https://probateinvestingsimplified.com
Podcast-iTunes: Let's Talk Real Estate Investing: https://podcasts.apple.com/us/podcast/lets-talk-real-estate-investing-with-sharon-vornholt/id784109559?mt=2
Topics Covered:
02:07 - What is probate as it relates to real estate investing?
04:23 - Overcoming the bad reputation attached to probates in real estate investing
07:17 - Generating probate leads [which one to approach]
11:28 - Marketing strategy she relies on when it comes to approaching probate prospects
12:54 - What market size does this probate in real estate investing work
15:01 - The timeline you need to hold on to your probate mailing list
18:11 - Closed probate deals she got from consistently marketing
19:48 - What are the best investment strategies for probate properties
Key Takeaways:
"You really need not a lot of information to work in probate; you need the name and address of the deceased and the name and address of the executor or the personal representative." - Sharon Vornholt
"From a branding and marketing perspective, anytime you can get in front of a seller, it's always better for you. Then if you have to go through an agent, work with agents. But, getting in front of a seller, you have the chance to show who you are." - Sharon Vornholt
"I'm relying on the mailers now that's in conjunction with having a website so that they can check you out because they are going to check you out."- Sharon Vornholt
"You mail everybody every month; it's consistency. Because your competition, 90% of the people will stop on or before the third mailing. That's what you need to hang on to. They're going to get in there, and they don't get a bunch of deals in the first month or two. They're gone. So, you've got to be the last man standing." - Sharon Vornholt
"My rule is, mail everybody every month as long as the house is available." - Sharon Vornholt
Connect with Sharon Vornholt:
Website: https://sharonvornholt.com
Facebook: http://www.facebook.com/sharon.vornholt
LinkedIn: http://www.linkedin.com/in/sharon.vornnholt
Twitter: http://www.twitter.com/svornholt
Instagram: https://www.instagram.com/sharonvornholt/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

People buy things now to sell them higher years from now. That, if you could get lucky. What if something goes wrong? How can you recoup what you've invested?
This is the scenario with pre-construction condos. The market is good now, and down the road, something crops up that would alter everything you've set out at the start.
Tracy Ma is a thriving consultant, social entrepreneur, successful real estate & stock investor, and unquenchable lifelong learner.
In this episode, Tracy Ma shares why she doesn't favor preconstruction condos even though it works for others. At the same time, she also talks of ways to protect yourself if you change your mind in the middle of the whole construction and how to bring in cash flows through long and short-term rentals afterward. She also discusses other profitable deals you can get into with less trouble.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode for 18 minutes:
Discover exit strategies you can have to rake in cash flows and make the most of your investment with pre-construction condos
Find out what you need to know when buying pre-constructed condos and the consequences when walking away when unit values get higher
Learn about an investment portfolio that earns well even in its simplicity and helps you avoid a lot of headaches
Resources:
Get Tracy's FREE real estate investing toolkit. Click here: https://www.youtube.com/c/FinancialNirvanaMama
Topics Covered:
01:47 - What are preconstruction condos all about?
03:14 - Understanding the speculation game about pre-construction condos
07:43 - Consequences of walking away after the unit is appraised at a higher value years later
09:22 - What her real estate investing journey was like after pre-construction condos
11:31 - Which markets is she finding opportunities in these days
12:43 - Outsourcing and self-managing properties at the same time
14:06 - You have the choice to be a part-time or full-time real estate investor
17:43 - Where you can get the most out of Tracy's resources
Key Takeaways:
"If you did get into a preconstruction condo, and you're changing your mind, I think initially, one thing that you could do to immediately protect yourself before you sign any papers is have the right to assign." - Tracy Ma
"Out of all the different types of real estate, traditional strategies, residential buy and hold strategies are the one I prefer for the simplicity of the unit. " - Tracy Ma
"I want to help people realize that you can invest your money and make it work harder rather than you work harder so that you could take more time, living your best life and not be sucked into this nine to five grind." - Tracy Ma
Connect with Tracy Ma:
Website: https://www.financialnirvanamama.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

Finding a solution to any dire situation? Real estate has a way of making money out of others' inefficiencies.
Think of it as a win-win for investors and defaulting parties. You provide the lifeline for them while you earn helping them.
How does that play out? Let's listen to this episode and learn a ton of insights.
Bill Bymel is the founder of RSI Asset Management, a Florida-based advisor to private equity funds investing in real assets. He is also a certified property management executive and Managing Director at Spurs Capital, an investment manager that specializes in distressed investments. His talents are widely acknowledged in the industry.
In this episode, Bill shares how real estate makes his life exciting, making a lot of money from helping people in distressed situations.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode for 18 minutes:
Discover how to make money from performing and non-performing loans
Find out how this loan restructuring becomes a win-win strategy both for the investor and defaulting borrower
Learn how this investment strategy works well not just for large but average investors as well
Resources:
Get a copy of Billy Bymel's book, 'Win-Win Revolution': Click here https://billbymel.com/#book
Topics Covered:
01:18 - Describing the business he revolves around
02:03 - Performing notes versus non-performing notes and how you earn from them
03:35 - How is it a 'predatory' at the same time a 'good guy' kind of business
06:00 - Looking at how buying non-performing notes operate and what percentage do they collect and foreclose on
09:19 - Bill's win-win strategy for his business and the defaulting borrower
13:56 - What that looks like reselling the original non-performing notes to another investor
15:12 - Seeing an opportunity for average investors to be involved in buying performing and non-performing notes
Key Takeaways:
"One of the things that set us apart from the very beginning was when other lenders were calling, collecting payments, we were calling asking borrowers, 'How would you like to see this resolved?' And it became a paradigm for helping people create win-win strategies to resolve this." - Bill Bymel
"Being in the position that I'm at dealing with people in a distressed situation and providing a lifeline to that is one of the most rewarding ways to live a life and make a lot of money." - Bill Bymel
"When I look at the history of my last ten years, and having done this to the tune of close to a billion dollars of invested dollars in the space, the best returns are keeping people in their home: buying something, getting a payment going, and then re-performing it." - Bill Bymel
Connect with Bill Bymel:
Website: https://billbymel.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau

Imagine working full time, being a mom to two kids, and doing a five-day-per-week podcast…
That sounds like a lot of work, but our guest today is the living epitome that juggling all that is definitely doable!
I’ve been podcasting since 2018, but I’ve never really thought of producing episodes every single day. Join us today as we learn why she decided on such a frequency for her podcast and how she uses that as a platform to connect with people.
Aileen Prak is the co-founder of Bonavest Capital, where she helps people generate passive income through real estate syndications. She is on the oath to creating time freedom for her family and two young children and believes real estate is the best vehicle that can help her and others achieve this dream.
Aileen received her MBA from Northeastern University and has over 10 years of experience in the Aerospace industry as the finance lead on several multi-million-dollar projects.
She is also the host of the 5-day-per-week real estate podcast, “How Did They Do It? Real Estate”, where she interviews top experts in the Real Estate Industry with a focus on personal growth and real estate investing.
In this episode, Aileen shares how she’s able to do a five-day-per-week podcast along with working fulltime and being a mom of two. She also discusses how podcasting is a great platform to establish your network, eventually turning your listeners to potential clients/investors.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 21 minutes from today's episode:
Find out how you can use podcast as a platform to establish your network;
Understand the philosophy behind doing a daily podcast despite all the work it requires; and
Discover how asking the right questions help your audience see you as an expert, not just the guests you bring on to the show
Resources/Links:
Check out Aileen’s podcasts:
How Did They Do It? Real Estate podcast: https://bonavestcapital.com/podcast/
High Income Earners F.I.R.E podcast: https://www.hiefire.com/
Topics Covered:
01:08 – When did Aileen first decide to start her own podcast, and why?
03:11 – Then and Now: Doing a seven-day podcast then changing it to one that goes live five days in a week
04:53 – Answering Dave’s questions about the “How Did They Do It? Real Estate” podcast
06:07 – How Aileen manages to do a five-day-per-week podcast along with her already busy life
07:54 – The philosophy behind the frequency of the podcast
09:13 – The time it takes to reach one’s goals through podcasting
11:53 – How to make your audience see you as an expert as well and not just your guests so you can transition your listeners to potential investors
16:40 – How they’re able to have guests on board, enough to have content for weeks
18:59 – The second podcast: High Income Earners F.I.R.E podcast
20:39 – Connect with Aileen Prak
Key Takeaways:
“With the podcast, you’re able to create a thought leadership platform. And so, when people come to listen to you, they’re able to not just see you as a thought leader in the space, as a person to provide resources, bringing on other people and sharing their knowledge as well; it’s also about establishing a relationship with the listeners way beforehand. For us, by getting in front of our audience five days a week, we’re just making and establishing that much more connections with them than if we were to do it weekly or bi-weekly.” – Aileen Prak
“You want to be with people that you know, like, and trust; and the podcast, especially, is a fantastic way to establish and solidify that relationship.” – Aileen Prak
“What we’ve been finding out is that people who are actually financially independent don't necessarily retire. They just get to choose what they want to do, and a lot of them continue to choose to work and do the things they love.” – Aileen Prak
Connect with Aileen Prak:
Email: aileen@bonavestcapital.com
Website: bonavestcapital.com
Instagram: https://www.instagram.com/howdidtheydoit.realestate/
LinkedIn: https://www.linkedin.com/in/aileen-prak-539659140/
Podcast: https://bonavestcapital.com/podcast/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

With real estate, you can create a significant amount of wealth. Besides, you don't need a degree to be in it, it's not even a question of whether you're young or old. It's just for everyone from all walks of life.
But how do you do it? How are some able to become successful at it in so short a time?
This episode is highly recommended and should not be missed, for my colleague and good friend July generously reveals how you can grow your net worth, increase your property's value at a faster rate than you might think possible.  Funding projects is one of her specialties, as she is all about investor relations. The failure to lend your ear to her is a missed opportunity.
July Ono is the author of "The 7 Profit Centers in Real Estate", and a co-founder of OTBEC Capital Management Inc with over 17 years of real estate investment and management experience. She is excited about every aspect of it.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode for 19 minutes:
Learn how to leverage someone else's money to finance a property.
Hear of real estate's seven profit centers and understand how you buy more with less money.
Discover how you can accelerate your net worth in less than two years’ time.
Resources:
Get the eBook FREE, The 7 Profit Centers in Real Estate: http://julyono.com/
Topics Covered:
01:59 - What made July pick real estate as a ticket to financial independence
02:36 - Taking a look at her life before real estate
04:28 - The first of the seven profit centers one should be focusing on
06:26 - Creating equity upfront for smaller deals
08:02 - Buying more but with less money [The second important profit center]
09:18 - Why cashflow is king [the third profit center]
11:06 - What a good cash flow looks like for a smaller deal of a property
11:45 - Talking about the fourth profit center [understanding the principal pay down concept]
14:01 - How she shortened a ten-year goal into eighteen months
15:14 - What is the use of 'tax benefits' [talking about the fifth profit center]
17:20 - Discussing the sixth profit center [and what to be cautious about it]
20:33 - The last of the profit center and the best thing you can do about it
Key Takeaways:
"We chose real estate, my husband and I, because it is accessible to everybody. There are no restrictions; you don't have to have a special degree. You can be an immigrant and not understand English. Real estate is available to everyone, young and old." - July Ono
"I do the little things every single day. And little things incrementally add up. I didn't think I was going to be a millionaire in a year and a half."- July Ono
"Some people get emotionally entangled with the investor candy, I call it, they're looking at all the wrong things. You have to look at the numbers. They're brutal. And if it doesn't work, you have to have the discipline to walk away. And if you can't walk away on your own, you surround yourself with a team who can walk away."- July Ono
"Just imagine you're putting, let's say 25% down to buy an asset, but your return is based on the 100% value of the building. So, your money is already increasing its leverage four times."- July Ono
"I love looking at my annual mortgage statements because that's when I update my net worth. It's getting less and my equity's getting more."- July Ono
"The tax benefits, that's why it's great because all of a sudden if you're borrowing money for the investment off your line of credit, for instance, that line of credit payment, you can deduct it as a cost of doing business."- July Ono
"Buy passive income with your equity. That's the highest and the best thing you can do with your capital. Capital is scarce. It's rare; it's precious. And so, when you have it, you hang on to it by investing it so that it makes more."- July Ono
Connect with July Ono:
Website: http://julyono.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

What is the foundation we need to set before we start raising capital and encourage people to invest with us and our deals?
Unfortunately, very few people have a clear idea on how much money they’re actually making, spending, and putting into debt. In addition to that, we also have limiting beliefs around money since our early age. These lead to us, seeing money from a negative perspective. But with today’s guest, we’ll understand why we should first get our own financial house in order before having people invest with us.
George Grombacher is the Founder and Chief Community Officer of Money Alignment Academy, and the host of the LifeBlood podcast. He's working to help people get better at money so they can live how they want.
In this episode, George explains how we can turn our negative thoughts around money to positive ones as he lets us know why first having our finances in order could be the best move we could make towards financial prosperity.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 13 minutes from today's episode:
What the biggest limiting beliefs people have around money are
How to turn our negative thoughts around money to something that is positive
How financial difficulty during early age could affect how people deal with their financial matters later on in life
Resources/Links:
Money Alignment Academy: https://moneyalignmentacademy.com/
Money Alignment Academy’s FREE courses:
Goals Course: https://moneyalignmentacademy.thinkific.com/courses/goals-course
Get Out of Debt: https://moneyalignmentacademy.thinkific.com/courses/Get-Out-of-Debt-Hidden
LifeBlood podcast: https://moneyalignmentacademy.com/lifebloodpodcast/
Topics Covered:
00:56 – Discussion around the whole Money Alignment Academy philosophy
02:21 – Why you should first get your finances in order before encouraging other people to invest in you/your deals
03:58 – We have an operating system, but usually, a lot of that are limiting beliefs
06:19 – The biggest limiting beliefs people are having over and over again
08:34 – How to turn our negative thoughts around money to something that is positive
11:07 – Connect with George Grombacher
12:07 – What the LifeBlood podcast is all about
Key Takeaways:
“People need a lot more help than they’re getting.” – George Grombacher
“You’re never going to reach financial prosperity until you first reach financial security.” – George Grombacher
“Knowing your cashflow, keeping, maintaining, and keeping an eye on your budget – those are the least sexy things that we can do and talk about from a financial standpoint, but they’re so foundational and we just have to do it. If we want to get a little sexier, we can start talking about what our beliefs about money are, what our operating system really is, because that really goes to the foundational piece there.” – George Grombacher
“The more we can start to sort of dig in, pop the hood, and look around what’s going on, I think that that’s all for the better.” – George Grombacher
“Really examining and thinking about what your beliefs are, I think that could make things a lot easier.” – George Grombacher
Connect with George Grombacher:
Website: https://moneyalignmentacademy.com/
Podcast: https://moneyalignmentacademy.com/lifebloodpodcast/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

Thinking of getting into short-term rentals and having a steady source of cash flow? How about starting an Airbnb real estate investing business?
Perhaps many questions cross your mind: where to find and buy properties, how to get started, and self-manage or outsource property management people, and how does that work?
All these and more are discussed in this episode. Listen in now!
Dan Lesniak is a billion-dollar real estate agent, best-selling author, investor, developer, and coach. Dan's HyperLocal strategy led to one of the fastest starts in real estate, with over $22 million in sales in his first year. Since then, Dan and Keri Shull's combined team has grown to 80+ members and sells over $400 million in volume annually.
In this episode, Dan shares how he accidentally found his first short-term rental, made a go at the Airbnb business at the height of the pandemic, and never looked back since and found himself buying properties one after another and earning high double digits returns.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you will learn from this episode for 19 minutes:
Learn how to show your guests you care, that you are responsive, and that they still leave you with good reviews even with the inconvenience they experience.
Find out how you can successfully manage your Airbnb properties on your own or with the help of outsourced management companies.
Discover tools and apps to help you organize your system and processes when booking guests, including the pricing aspect of it.
Resources:
Website: http://www.danlesniak.com/
Topics Covered:
01:16 - How he got his first short-term rental property and what kind on property it was
04:17 - How property management looks like for Airbnb
04:42 - Getting into the Airbnb business successfully right in the middle of the pandemic
07:19 - Buying short-term rental properties one after another
09:59 - Number of hours per week to manage all his Airbnb properties
11:47 - How he got his crew and contractors and what tools he used to manage his Airbnb properties
13:31 - Pricing tools used to set rules and parameters
Key Takeaways:
"Short-term rentals. I think it's an amazing opportunity right now." - Dan Lesniak
"I'm starting to hopefully seeing a renovation of a duplex in Pompano. When all of those are done, we'll have six doors in Florida, one in Arlington, and you know all of them at double digits, high double digits, kind of cash-on-cash returns, and we manage all of them ourselves and with someone on our real estate team." - Dan Lesniak
"If there's something that truly is an inconvenience like maybe the cleaning crew showed up late and it wasn't fully ready, we typically do like gift cards to a local restaurant. And so even when things go wrong, if people feel like you care and you're responsive, they still leave you great reviews, which, that's the key to outperforming the rest of them." - Dan Lesniak
Connect with Dan Lesniak:
Website1: http://www.danlesniak.com/
Website2: http://www.hyperfastagent.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
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If you’re into real estate but you’ve found yourself wanting to do business as well, this episode is perfect for you!
It can be shaky at first, considering the shift, but leveraging your real estate portfolio can help you dive into other careers and pursue your dreams.
But the question is how can you use real estate to create the life you want to live?
Join us as Doug Meyers answers that as he shares his own story in today’s podcast.
Doug Meyers is a former mining engineer who used real estate investing to provide the income to leave his previous full-time employment. This gave him the opportunity to pursue other passions and business interests with his full attention. He has a portfolio of condos, duplexes, and triplexes across Western Canada, and is a partner in an active flipping business in Saskatchewan.
An award-winning investor and Keyspire Success Story, Doug is the host of RevNYou’s very own RevNYou with Real Estate Podcast where he interviews real estate investors in all walks of life. He is also the host of The Grow Give Expand Podcast, where he speaks with entrepreneurs and business owners, uncovering the personal practices and systems that help them live successful, meaningful lives.
In this episode, Doug talks about his journey from doing real estate to learning sales and then starting a business. Here, he explains how he uses real estate as a springboard to live the life he wants to achieve as he stresses the importance of learning sales in business.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
Why it’s important that you learn sales in business and not skip the entire learning process;
Find out where you should go looking for people to help you as you get into a shift; and
How can you use real estate as a springboard to live the life you want, exploring and acing other careers?
Resources/Links:
Grant Cordone Canada: https://grantcardone.ca/
Rev N You with Real Estate: https://www.revnyou.com/podcasts/
Website: https://www.revnyou.com/
Topics Covered:
00:49 – A brief overview of Doug’s real estate journey to date
02:15 – He liked real estate, but he also wanted to become a business owner
02:59 – What made him realize that sales is his weakness
04:44 – Creating a 10-year plan for himself
08:00 – Powerful takeaway – work your powerbase
10:01 – What Doug’s 10-year plan look like, and why you shouldn’t skip the entire learning curve
13:38 – Using real estate to create the life you want to live
15:45 – Connect with Doug Meyers
Key Takeaways:
“I realized that to get to my next level – and not only in real estate, but in life and in business – I actually needed to get around a team of A-players again and I also needed to learn some new skills.” – Doug Meyers
“I don’t necessarily want to continue to grow a portfolio by having lots of joint venture partners. I think that’s a great strategy, but I don’t think it’s the only way to do it.” – Doug Meyers
“If you can’t sell, you can’t be in business.” – Doug Meyers
“When we talk about partnering out with people and getting money, the first thing you do is look at the people who are most connected to you.” – Doug Meyers
Connect with Doug Meyers:
Email: doug@grantcordone.ca
Website: https://www.revnyou.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau