Episode #348
Ready to grow your real estate business in 2024? With another year in the rearview, it’s time to start dreaming of what your business could become in the next twelve months. Whatever success looks like to you, it starts with careful planning!
Welcome back to the “Real Estate Rookie” podcast! Today, Ashley and Tony are taking some time to reflect on the past year. As you’d imagine, there have been all kinds of challenges faced, mistakes made, and lessons learned. But there have been plenty of HUGE wins, too! Tony talks about how he spent much of 2023 ending a partnership and restructuring his entire business. Meanwhile, Ashley shares how she launched her own property management company and implemented new systems to make her life easier!
Whether you’re planning to buy your first rental property in 2024 or setting new goals for your business, this episode is loaded with tips to help you take the next step in your real estate journey. You’ll learn how to create an organizational chart, hire your first employee, finetune your business’s standard operating procedures (SOPs), and more!
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Books Mentioned in This Episode:
“Real Estate Partnerships”: https://biggerpockets.com/partnerships?utm_source=youtube&utm_medium=description&utm_campaign=none
“The E-Myth Revisited”: https://www.amazon.com/Myth-Revisited-Small-Businesses-About/dp/0887307280
“Clockwork”: https://www.amazon.com/Clockwork-Design-Your-Business-Itself/dp/0525534016
“Traction”: https://www.amazon.com/Traction-Get-Grip-Your-Business/dp/1936661837
“Buy Back Your Time”: https://www.amazon.com/Buy-Back-Your-Time-Unstuck-ebook/dp/B09Y55GLXJ
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How to Work LESS and Earn MORE by Putting “Profit First” in Real Estate: https://www.biggerpockets.com/blog/rookie-320?utm_source=youtube&utm_medium=description&utm_campaign=none
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How to Build Effective Systems in Your Real Estate Business:
https://www.biggerpockets.com/blog/how-to-build-systems-in-your-real-estate-business?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or https://www.instagram.com/wealthfromrentals/
Tony: @tonyjrobinson or https://www.instagram.com/tonyjrobinson/
Show notes at: https://link.chtbl.com/Rookie
00:00 Intro
04:56 Rebuilding Tony’s Business?!
09:58 Why You NEED an Organizational Chart
15:58 Hiring Your FIRST Employee
22:59 Ashley’s Property Management Company
28:26 How to Effectively Manage Your Team
39:18 Ashley’s Goals for 2024
