Managing Your Rental Property Portfolio With a Busy Lifestyle
In this episode, Scott Dillingham discusses how to successfully manage a real estate business when you're busy. He emphasizes the importance of building a strong team, including a property manager, mortgage lender, realtor, lawyer, and home inspector. Scott also recommends automating expenses and income for rental properties to save time and optimize finances. He advises against paying off mortgages quickly and suggests using variable mortgages to improve purchasing power. Overall, the key takeaway is to create a solid team and automate processes to effectively manage a rental property portfolio with a busy lifestyle.
Takeaways
- (00:00) - Introduction and Goal of the Show
- (01:31) - Challenges of Managing a Real Estate Business with a Busy Lifestyle
- (11:16) - Automating Expenses and Income for Rental Properties
- (19:55) - Improving Purchasing Power with Variable Mortgages
- (21:22) - Conclusion and Automation Tips
If you're serious about real estate investing, join our free Investors Hub. Click this link to access now.
Takeaways
- Building a strong team is crucial for successfully managing a real estate business.
- Automating expenses and income for rental properties saves time and optimizes finances.
- Paying off mortgages quickly may not be beneficial for investors looking to acquire more properties.
- Using variable mortgages can improve purchasing power when qualifying for mortgages.
If you're looking to access the best financing for Real Estate Investors in Canada & the U.S.A., then I suggest you Book A Free Strategy Call with a specialist on my team.