Moving on from the last episode about what Brian and John learned in 2018, the guys now discuss setting goals for 2019. Even though they didn’t reach all their goals last year, Brian and John are satisfied with what they accomplished and feel that setting high goals was a significant factor in their success..
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Core Rentals offers full service, residential property management in Columbus, Ohio and surrounding areas. They are equipped to handle single-family and multi-family homes. Visit CoreRentalsOhio.com today to have the day-to-day operations of your rental property handled by professionals.
Covered Topics:
- Tips for setting goals for the new year.
- Being accountable for the goals that you have set.
- The usefulness of creating a process manual for each employee.
Show Notes:
- 01:01 – Recent happenings.
- The market possibly beginning to pick up.
- Dealing with the aftermath of a blizzard.
- 02:39 – Reflecting further on 2018.
- Having a great year despite not reaching every goal.
- Controllable factors in setting goals.
- The different ways that a financial goal can be achieved.
- Being in growth mode.
- 06:34 – Implementing strategies from the book Traction by Gino Wickman.
- Ten-year goals and breaking down the plan into smaller segments.
- Evaluating the performance of each employee.
- Examples of goals for Brian and John’s different employees.
- 11:18 – Honing the processes for each staff member.
- Discovering problems with processes through a staff member absence.
- Creating process manuals and their advantages.
- 14:16 – Revisiting goals throughout the year.
- John’s habit of journaling every morning to help him prioritize.
- Bringing in an outside person to promote accountability.
- Doing quarterly performance reviews with employees.
- 17:42 – Taking action.
- Actions that the guys are seeing from people around them.
Topic Takeaways
- Regularly re-visit your goals throughout the year so that you continue to take the right action to achieve them.
- Make sure that your employees are aware of your goals so that they know the direction you are heading in.
- Do anything you can to expand your knowledge of real estate.
Tweetable Quotes
“Our main strategy right now is trying to build a rental portfolio that eventually, one day, will support our families as passive income.” (Tweet This!)
“We’re helping [our office manager] to get together with each employee to nail down specifically what they do, so when they’re not here, we can hand that task off to someone else.” (Tweet This!)
“If you’re not doing deals and you want to, the only way to get into it is to take action.” (Tweet This!)
