We’ve spent a lot of time talking about how to set down a path for success and achieve your dreams.Today, however, we’re going to branch off of that and discuss what obstacles will try to block your path – and how to overcome them.
#040: How To Minimize Vacancy in Your Rental Properties
Tenant turnover costs property owners money. You lose a month’s rent at a minimum while looking for another tenant and doing minor repairs. Learn tactics for avoiding turnover on this podcast. To start, find good tenants. If in a market flooded with similar vacancies, give an incentive for choosing yours. Be responsive to repair requests. You know this stuff, but it’s good to get a ‘booster shot’ from the pros.
#039: How to Enjoy The Journey To Success
While working toward goals is a good thing, it is not everything. Many people, even smart investors, say they are building wealth now and will enjoy it later. Not a good plan. You can learn to find joy in everyday things. Ron and Angela believe it has to do with the satisfaction of living your vision and recommend that you listen again to episodes 26 and 27 with Shaun McCloskey. Shaun teaches about establishing and living your vision.
#038: When It’s Time To Sell: Three Principles For Doing It Right
When the time comes to sell an investment property doing it the right way can potentially mean the difference in thousands of dollars and fewer headaches. The first and biggest decision is whether to sell it retail or as an investment property. They suggest making a list of the pros and cons of each method. The podcast brings up factors that go on that list. Bottom line: It’s far less hassle to sell it as an investment, but being easy comes at a price.
#037: Getting Your Head Straight About Raising Your Rents
Do you know how to correctly address setting rental rates at your properties? It’s math, but it’s math with a lot of moving parts to consider. Raising rents causes tenants to reconsider their situation. If you lose a tenant, you lose income for a month at minimum. And if you purchase property that’s not been taken care of, you may have to displace every tenant so renovation can be done. It’s not an easy calculation.
#036: The Path of Leadership: 3 Master Skills
Are you a great leader? We talk about that and what the qualities are of a good leader. Leadership is not easy to define or quantify, but most people know it when they see it. Leaders are willing to work and not be prima donnas. Leaders are good communicators who value and empower employees, thus building loyalty and momentum. They are willing to train and mentor others, and believe that creating new leaders is a mark of success.
#035: 7 Strategies for Achieving Work-Life Balance
Today we focus on work-life balance, something just about everyone wants, but few have. The Get Real podcast doesn’t sugar-coat things but presents work-life balance as difficult to attain and to maintain. Ideally, it starts with a life vision which you can learn about by listening to episodes 26 and 27. Beyond the life vision, you’ll learn 6 other useable strategies for reaching a work-life balance.
#034: In One Word – Why To Invest in Real Estate
This episode hits on the various ways real estate investing leverages your money. There really is no other investment that offers the same financial leverage as real estate. It gives you cash flow, value appreciation, depreciation on income taxes and doesn’t cost you a fortune to get started. Learn this and more about the advantages of real estate investing as Ron and Angela share their knowledge in a fast-paced format.
#033: Why Being Afraid of Stuff Will Make You a Crappy Investor
The show is about fear and how paralyzing it can be for anyone. It is particularly an enemy of entrepreneurs because it takes guts to start your own business. Inner voices will tell you all the ways you can fail. Even some of your friends or family might tell you that. You’ve got to determine if the joy in gain is greater than your fear of loss and move on.
#032: Not Your Typical Advice: Contrarian Strategies For Real Estate
Ron Phillips and Angela Thomas talk about all the advice that’s out there and how to tell the good from the bad. Some bad advice has a kernel of truth, and a lot of seemingly good advice can pull you away from doing what you do best. The most stellar move you can make is to find a local mentor who you respect and learn by working with/for him or her.
