In today's episode, Brian and John talk about the beginning of their partnership, how they came to know each other, how their partnership was formalized, what it’s like starting their own real estate venture and a lot more. Tune in to know what their goals are for 2018 and why rental properties are a big part of their plans.
Comment below and let us know what you think about today's episode and don't forget to rate us on iTunes!
This Episode is Sponsored by
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:
- John and Brian’s day-to-day work
- Their employees and their roles
- Supporting employees
- Leveraging roles and duties
- Network and relationships
Show Notes:
00:35 – John talks about his and Brian’s real estate background
01:07 – Brian enumerates their latest works
02:33 – The problem with condos
04:22 – Introducing the Acquisitions Manager, Josh, to the show
05:04 – Today’s topic: Day-to-Day Business
05:38 – First Hire: Darius the Property Manager and his role
07:29 – Managing and supporting employees
07:45 – Katie’s role as bookkeeper
09:07 – John and Brian’s philosophy in hiring employees
09:57 – Josh shares about his day to day duties in acquisition
12:23 – Why the website leads are the hottest ones
12:55 – Buying from wholesalers
14:25 – Feedback on the receptionist service from PATLive
15:34 – What Josh found effective in negotiation
16:44 – A key in following up
18:06 – Hiring Randa and how she took the admin role
20:10 – Managing vs Supporting Employees
21:52 – Growing cash flow from buying multi-family houses
22:32 – How networking became a huge part of John and Brian’s success
23:39 – Trying to hand off rehabbing properties
25:23 – Relationships with employees and contractors
Topic Takeaways
- Negotiating on the phone is effective.
- A key in following up is sticking to your numbers.
- Network and build relationships with people in your industry.
Tweetable Quotes
“We realized we’re not going to build any sort of wealth selling everything we buy.” (Tweet This!)
