Podcast appearances and mentions of mark dolfini

Play Episode Listen Later Aug 1, 2022 30:03

We continue the conversation today with our panel. Moneeka Sawyer, Kim Kesterke and Mark Dolfini are millionaire single family investors and in this portion I ask them how long it will take to become a millionaire while owning single family rentals.

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#536 Single Family Rentals pt 2 on Flipping America Radio

Play Episode Listen Later Jul 31, 2022 30:03

We continue the conversation today with our panel. Moneeka Sawyer, Kim Kesterke and Mark Dolfini are millionaire single family investors and in this portion I ask them how long it will take to become a millionaire while owning single family rentals.

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#536 Single Family Rentals pt 2 on Flipping America Radio

Play Episode Listen Later Jul 31, 2022 30:03

We continue the conversation today with our panel. Moneeka Sawyer, Kim Kesterke and Mark Dolfini are millionaire single family investors and in this portion I ask them how long it will take to become a millionaire while owning single family rentals.

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Flipping America 535 Single Family Rentals Pt 1

Play Episode Listen Later Jul 29, 2022 30:03

One of the standard and most common methods of real estate investing is the purchase of single family rentals. Today I'm going to visit with three single family investor millionaires who have a wealth of insight to share. I'm joined today by Kim Kesterke from Atlanta, GA, Moneeka Sawyer from Sacramento and San Francisco, CA, and Mark Dolfini, from Lafayette, IN. We enjoyed a fascinating conversation with the Flipping America REIA group. I thought it was worth a replay to a wider audience and there is no way we are going to get it all in today. So this will be part 1 and we will conclude on the next episode.

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#535 Single Family Rentals Pt 1 on Flipping America Radio

Play Episode Listen Later Jul 24, 2022 30:03

One of the standard and most common methods of real estate investing is the purchase of single family rentals. Today I'm going to visit with three single family investor millionaires who have a wealth of insight to share. I'm joined today by Kim Kesterke from Atlanta, GA, Moneeka Sawyer from Sacramento and San Francisco, CA, and Mark Dolfini, from Lafayette, IN. We enjoyed a fascinating conversation with the Flipping America REIA group. I thought it was worth a replay to a wider audience and there is no way we are going to get it all in today. So this will be part 1 and we will conclude on the next episode.

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#535 Single Family Rentals Pt 1 on Flipping America Radio

Agent Wealth Success Live

Play Episode Listen Later Jul 24, 2022 30:03

One of the standard and most common methods of real estate investing is the purchase of single family rentals. Today I'm going to visit with three single family investor millionaires who have a wealth of insight to share. I'm joined today by Kim Kesterke from Atlanta, GA, Moneeka Sawyer from Sacramento and San Francisco, CA, and Mark Dolfini, from Lafayette, IN. We enjoyed a fascinating conversation with the Flipping America REIA group. I thought it was worth a replay to a wider audience and there is no way we are going to get it all in today. So this will be part 1 and we will conclude on the next episode.

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Using the VIP Method to Build Your Life and Real Estate Business

Play Episode Listen Later Apr 4, 2022 35:05

Mark Dolfini is the author of 3 best selling Real Estate Books and has some secrets to growing Your business and wealth!

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Why You Should Put Life Before Business with Mark Dolfini

Lifeonaire

Play Episode Listen Later Jan 18, 2022 46:28

Are you your best self after you spend all day overworked in your job or business? Most of us would agree that we aren't, yet for many of us, our life outside of work is the sacrifice we make to achieve what we consider “success”....But what is it all for anyway? Are we really “successful” when we do this? This week, Mark Dolfini goes over TONS of common perspectives that small business owners have that aren't actually getting them where they want to go in life. This includes fixating on a number of doors (usually a high number), prioritizing the business at the expense of everything else, looking only at the numbers to make decisions (and not considering the emotional effects or the sacrifices) and so much more. Mark, like us at Lifeonaire, believes that the solution to these problems is to have a personal Vision to guide you. With one, you get to set up your job or business so that it works FOR YOU. And listen, we know we harp on this Vision thing a lot, but it's because we believe in it so much. We KNOW they work. So what are you waiting for? Listen in, and get ready to put your Vision to paper today! Learn more about Mark and his coaching at https://landlordcoach.com/

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A Conversation with Mark Dolfini, The Landlord Coach

CRE SharkEye Commercial Real Estate Show Hosted BY Yishai Breslauer

Play Episode Listen Later Jan 10, 2022 48:16

Mark Dolfini is a veteran of the U.S. Marines and the author of three books. Most notably, The Judge: A Landlord's Tale, which released in the summer of 2018 and his much-anticipated 3rd book, The Time-Wealthy Investor 2.0, was released in January, 2019, which teaches the exclusive VIP Method of how to create a real estate business focused on Life-Output. It became #1 Amazon Bestseller in March of that same year. Mark performs one-to-one coaching for his clients in addition to a Mastermind to help foster community and accountability for small and medium-sized business owners who often feel stuck in operations. Although Mark operates under the Landlord Coach brand, many business owners have found Mark's approach to coaching using the VIP method and eclectic background translates well across all industries. From buy and hold investors, to roofers, gym owners and CFOs, his clients span many industries and have benefited greatly from his knowledge and coaching using the VIP Method. Mark spends his free time pistol shooting and kayaking and lives in Lafayette, Indiana where he and his wife Jennifer are raising their two sons, Leland and Logan. https://www.linkedin.com/in/markdolfini/ https://landlordcoach.com/ The CRE SharkEye Show https://www.youtube.com/channel/UCOjDYdAfpkrXzgUSRGt959w The best 6 secrets of commercial real estate download free https://lnkd.in/dZkCUFR The CRE Crash Course - Everything you need in order to get the Must Have Skills for Commercial Real Estate, in only 2 weeks https://www.crelaunchpad.com/cre-crash-course

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2021-11-17 Mark Dolfini Time Management Infrastructure

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Play Episode Listen Later Nov 17, 2021

Mark Dolfini - Landlording with a Divine Intention

My Core Intentions

Play Episode Listen Later Nov 16, 2021 32:13

Timeline [01:36] Introduction to the guest, Mark Dolfini. [02:09] One word that describes Mark. [03:43] Beginning of Mark's career. [05:45] Working in your business vs. on your business. [07:03] How much is your time worth? [08:24] Fear of success is actually fear of loss. [09:24] Mark's time in the hospital. [11:23] Mark starts to take back control over his life. [13:18] College education in finance vs. learning on your own. [16:27] The defining moment in Mark's life. [19:15] A discussion of Mike & Mark's faiths. [21:48] Mark talks about his books, The Time Wealthy Investor and The Judge. [25:21] Mark talks about landlording and decision making in your business. [27:10] Making highstake decisions. [28:24] Bonus question round. [30:23] How to get ahold of Mark. [30:49] Closing remarks.

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Achieving Clarity & Direction Based on Life Output

The HERO Show

Play Episode Listen Later Nov 2, 2021 91:14

“As a superhero, I want to make sure that people have the necessary tools in their toolbox and have that whitespace on their calendar. So when light shows up at their door, they don't have the kind of fight that needs to happen. Conflict isn't bad, but unresolved conflict is like a cancer that's allowed to metastasize because it's never dealt with. Most conflicts are happening because people are constrained by income generation.” — Mark Dolfini

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Flipping America 503, Mindset for Success

The Thoughtful Entrepreneur

Play Episode Listen Later Oct 23, 2021 60:01

Do you run your business or does your business run you? If the latter is true, this show is especially for you. Mark Dolfini is the author of the best selling “Time Wealthy Investor.” He is also a trainer and coach in the real estate space. He has observed that success in this business depends on the state of your mental health and processes. I'm giving him the floor to share a presentation on just how we can eliminate self-defeating thoughts and habits and tune our brains for maximum success. Roger's personal note: “I've known Mark for many years. His stuff on vision and mindset is some of the best I've ever seen. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question. Sponsors American IRA: www.americanIRA.com Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com. Legal Shield Announcements: Flipping America Funding is live! Monday May 16th. News and Resources: Mindset Moment: Questions from Listeners: starr ask…”what would roger do” From dozens of people: “The stock market seems to be a better play for a passive investment. Last year I made over 30% return on my stock portfolio.” Ethan, Villages of Ocala, FL, “Please explain the installment land contract.” Dot, Tampa, FL “My husband and I want to invest in rental properties but we are disagreeing about the type of property. He wants to buy cheap houses in older neighborhoods. I'm concerned about crime and the transient nature of the residents. I want to buy in nice middle class neighborhoods, but he is concerned that our returns would not be very good. We would appreciate your thoughts.” Aldo, McDonough, GA “I bought a home in 2010 and today homes in the neighborhood are selling for twice what I paid for mine. Should I sell now while the price is high?” Emily, Wayne, PA, “I've done three flips in the past two years. I really want to quit my job and do this full time, but I need to do four to five flips in a year to do that. How do I get to that level?” Motivational Quote: Time is the most valuable thing a man can spend. – Theophrastus. The key is in not spending time, but in investing it. – Stephen R. Covey.

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938 - Helping Landlords Leverage Systems and Processes with Landlord Coach's Mark Dolfini

Play Episode Listen Later Oct 17, 2021 20:24

938 - Helping Landlords Leverage Systems and Processes with Landlord Coach's Mark Dolfini

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Successful Real Estate Investing with Mark Dolfini

Money Savage

Play Episode Listen Later Oct 13, 2021 20:00

LifeBlood REI: We talked about how to make money in real estate while living the life you actually want. We discussed Mark's experience in the Marine Corp that then led him to college where he first got into rental property investing. How the career he has today chose him more than he chose it. How his path to owning and operating 92 rental units essentially became a prison and a job that started with a ringing phone at 6am and didn't stop till at least 10pm and sometimes all night. We talked about how the pace of that time put him in the hospital and almost killed him, and although an incredibly challenging time, one that he's grateful for today. We discussed how he condensed all of his learning into a process that he now teaches so people can avoid the mistakes he made and the problems he encountered in order to have the lives that they truly want. We talked about his three pronged approach to determining the best course of action for your life and business and why it's imperative to do it in the correct order with Mark Dolfini, the Landlord Coach, Best-Selling author of three books, a Coach, Speaker and US Marine Corp Veteran. Listen to learn why you need to figure out what your time is worth and start acting accordingly by delegating tasks that aren't at your paygrade! For the Difference Making Tip, scan ahead to 17:47! You can learn more about Mark at Landlordcoach.com, Facebook, Instagram, YouTube and LinkedIn. Thanks, as always for listening! If you got some value and enjoyed the show, please leave us a review wherever you listen and subscribe as well. You can learn more about us at MoneyAlignmentAcademy.com, Twitter, LinkedIn, Instagram, Pinterest, YouTube and Facebook or you'd like to be a guest on the show, contact George at Contact@GeorgeGrombacher.com.

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The Brett Snodgrass Podcast - Ep 41: Mark Dolfini - Why You Need To Invest In Your Time

Simple Wholesaling With Brett Snodgrass

Play Episode Listen Later Oct 11, 2021 45:43

Investing in real estate, stocks, and 401k's are great and all but something you can never get more of is time. You can always get more money, more houses, more cars, more toys, etc. but you'll never be able to get back time that is wasted. That is why in today's episode, Mark Dolfini, author of The Time-Wealthy Investor, and I discuss why you need to invest in your time. We cover the stresses of operating a business and how you can get carried away so easily in the hustle. Listen to Mark and I as we share experience and advice on how you can start to make the most of your time.

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The Brett Snodgrass Podcast - Ep 41: Mark Dolfini - Why You Need To Invest In Your Time

Simple Wholesaling With Brett Snodgrass

Play Episode Listen Later Oct 11, 2021 45:44

Investing in real estate, stocks, and 401k's are great and all but something you can never get more of is time. You can always get more money, more houses, more cars, more toys, etc. but you'll never be able to get back time that is wasted. That is why in today's episode, Mark Dolfini, author of The Time-Wealthy Investor, and I discuss why you need to invest in your time. We cover the stresses of operating a business and how you can get carried away so easily in the hustle. Listen to Mark and I as we share experience and advice on how you can start to make the most of your time.

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#83 - How to Get More Time Back as a Rental Property Owner - Mark Dolfini

Living Off Rentals

Play Episode Listen Later Sep 15, 2021 57:52

Joining me on the show is Mark Dolfini. In 2007, he had 92 rental properties that gave him about $65,000 a month. Now, he is known as the Landlord Coach, and he has authored 3 real estate books. In this episode, Mark looks back on how he got into the real estate space, stressing the importance of time. He then dives into his “vision, infrastructure, and process” formula and how it can be applied. Mark also shares nuggets of wisdom on building your portfolio and your business, drawing from portions of his book, The Time-Wealthy Investor 2.0. Listen and learn from a rental and property management expert to go from self-employed rental housing provider to business owner! Key Takeaways [02:25] Mark's military and real estate background [08:10] The importance of time [11:24] The events that led Mark to realize that his situation wasn't sustainable [16:12] On budgeting for maintenance and leasing expenses [23:30] Why and how Mark came up with his VIP method [29:42] It's not about the number of units but what generates the most cash flow and frees up more time for you [35:05] On multiple lines of complexity and the fallacy that multifamily is easier [40:20] Set up a structure that will line you up with your vision [43:50] On getting a virtual assistant [50:32] Mark's observations about new investors and his advice for them Links Landlord Coach - https://landlordcoach.com/ Mark's email - mailto:mark@landlordcoach.com Mark's Facebook - https://www.facebook.com/mark.dolfini The Time-Wealthy Investor 2.0 by Mark Dolfini - https://landlordmasterclass.net/the-time-wealthy-investor-2-0-v31612041634793 The E Myth by Michael Gerber - https://www.amazon.com/Myth-Most-Businesses-Dont-About/dp/0887303625 Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1 Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals Living Off Rentals Website - www.livingoffrentals.com Living Off Rentals Instagram - www.instagram.com/livingoffrentals

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Mark Dolfini - Using the "VIP Process" to Prevent Creation of a Job as a Landlord

Landlording for Life

Play Episode Listen Later Aug 23, 2021 38:46

Mark Dolfini, the "Landlord Coach", discusses his process to focus on the vision of creating a lifestyle condusive to the creation of the housing provider or landlord while not putting your process before that vision you create for yourself.

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How To Restore Your Relationship With Wealth

The Art of Passive Income

Play Episode Listen Later Jul 29, 2021 30:51

Ryan Sterling is a successful wealth manager and the founder of Future You Wealth. He is a sought-after holistic wealth coach, speaker, and published author of “You're Making Other People Rich”. Ryan has a BA in economics from Carleton College, an MBA with a specialization in investment management from Vanderbilt University, and is a CFA Charterholder. Prior to starting Future You Wealth, Ryan has over 15 years of experience helping individuals and families achieve their financial goals in addition to teaching financial literacy courses in underserved communities. Over the past few years, he has been featured in Business Insider, CNN Money, and HuffPost, discussing his knowledge of building wealth.As a financial advisor, Ryan challenges and inspires people to get real about their life, guiding them to make the necessary changes and creating their own definition of wealth. His mission is to use his own life reinvention to fuel simple yet effective lessons to help anyone live a life of true abundance and wellness.Listen in as they discuss:Ryan's journey to becoming a successful wealth coach.The process of bringing peace to yourself.Breaking out of the cycle of consumption.The friction point of acquiring depreciating assets versus appreciating assets.What happens when we over-consume depreciating assets.Turning scarcity into abundance through gratitude.Lastly, Ryan gives our listeners advice on how to live an intentional life. Tune in!TIP OF THE WEEKMark: My tip of the week is start to be more intentional, more mindful with your life on how you're consuming your financial goals, growth mindset, and read the book You're Making Other People Rich by Ryan Sterling. It is available. And check out Ryan Sterling's website, futureyouwealth.com.Scott: Check out webapp.wisestamp.com, go create a cool signature on your emails for free.Ryan: My tip is a book that has really been transformational in terms of my life, in terms of really thinking about lifestyle design as a part of my financial plans, it's not about the money but about the life that the money is allowing me to live. The 4-Hour Workweek by Timothy Ferriss is really helping you think about work and lifestyle design in concert with one another.Want To Listen More?Did you enjoy this episode? Check out another exciting episode with special guest Mark Dolfini as they discuss creating true wealth in real estate.Isn't it time to create passive income so you can work where you want, when you want, and with whomever you want?

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Interview with Mark Dolfini - The Landlord Coach

Break It Down

Play Episode Listen Later Jul 25, 2021 49:25

In this episode, Joel speaks to Mark Dolfini - The Landlord Coach who teaches entrepreneurs from all industries to succeed. They discuss how many entrepreneurs drift into overworking and trying to control everything. What is an unproductive and stressful way of working that can ultimately destroy their business, their health and family life. Mark and Joel also discuss the importance of having a vision and sharing that with your life partner. They share how to make efficient use of your time, build strong processes and infrastructure so you can outsource virtually everything. KEY TAKEAWAYS Don´t fall into the trap of working too many hours. No matter how young or fit you are it will catch up with you and potentially destroy your mental and physical health. Everything that is going on in your world can be systemised into processes. Once you have good processes and the right infrastructure in place you can let others deal with most things. Managing your time is all about managing yourself. You need to recognise when to outsource tasks. You have to find the time to fix things. So many entrepreneurs don´t. They continue to limp along until their business fails. If you feel you are getting stuck in life, don´t ignore that feeling because it means you are stuck. A strong vision is your circuit breaker. It is what will stop you from following the negative path you are on and make progress. Focusing on your vision will stop you from getting distracted. Your goals are waypoints that are taking you towards your vision. Your belief system is trying to protect you. Unfortunately, letting it have free rein results in limiting beliefs. Absolute and cancelling language both reveal limiting beliefs. Mark explains how to recognise this. The most successful entrepreneurs are never afraid to ask for help and do so in a humble way. Value your time and don´t be afraid to hire people to cook, clean and drive for you. You need your life partner to understand and be able to buy into what you are doing. Share your vision with them. BEST MOMENTS ‘About 15 years ago I was broke. Not just in money, but in time as well. ´ ‘Just because you´ve got the drive to outwork everyone. It doesn't mean that you should.' ‘Your goals are just waypoints on the way to your vision.' ‘When you stay vision focused it's really easy.' VALUABLE RESOURCES Stay Hungry podcast series Stay Hungry Bestselling Book If you're fed up with wasting your time and money on marketing that doesn't generate enquiries and sales - hop on a Codebreak discovery call. After all, getting lots of 'likes' on your Facebook page ain't gonna make your boat go faster. But up-to-date marketing techniques that attract buyers and action takers instead of tyre kickers will. The Codebreak team are here to show you how or do it for you - https://www.codebreak.co.uk/discovery-call/ EPISODE RESOURCES Website - https://landlordcoach.com/inner-circle-coaching-application/ Instagram – https://www.instagram.com/landlord_coach/ LinkedIn – https://www.linkedin.com/in/markdolfini Facebook - https://www.facebook.com/mylandlordcoach/ The Judge: A Landlord´s Tale by Mark Dolfini The Time-Wealthy Investor 2.0 by Mark Dolfini ABOUT THE HOSTS Joel Stone Joel started his working life as a graphics designer. Pretty quickly he got bitten by the social media bug which showed him the power of marketing and set him on a new career path. In 2015, Joel co-founded Codebreak. A full-service marketing agency that has bought together media experts that specialise in providing the hospitality industry with design and promotional solutions. Branding and targeted marketing combined under one roof. Andy Rao Andy studied Psychology at university, which was his springboard into the world of marketing. He realised that to sell successfully you have to put yourself into the shoes of your customer and understand their why. Andy started his marketing career working closely with dozens of Shropshire businesses, all of whom had something different to sell. During that time, Andy picked up the skills he uses today to tailor each marketing solution to his client´s businesses, the industries they work in, and the different types of customers they need to reach. CONTACT THE HOSTS Website - https://www.codebreak.co.uk/ LinkedIn - https://www.linkedin.com/company/codebreak Podcast Description Breaking down all things marketing, design, and geek culture. Hear from Codebreak co-founders Andy and Joel as well as the experienced team. On this podcast expect to find marketing top tips, useful insights, and expert advice that you can apply to your business. So, if you're fed up with wasting your time and money on marketing that doesn't generate enquiries and sales - hop on a Codebreak discovery call. After all, getting lots of 'likes' on your Facebook page ain't gonna make your boat go faster. But up-to-date marketing techniques that attract buyers and action takers instead of tyre kickers will. The Codebreak team are here to show you how or do it for you - https://www.codebreak.co.uk/discovery-call/ See omnystudio.com/listener for privacy information.

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Flipping America 470, The Best Investment on Earth

Play Episode Listen Later May 10, 2021 60:01

Louis Glickman said, “the best investment on earth is earth.” And today we are going to tell you how to invest in raw land. Jack Butala and Jill Dewit joined us last night in a lively conversation about the whys, whens, and hows of investing in land. They shared some of their roadmap for growing wealthy through the buying and selling of land. Not only did they tell us how they have done it, they are offering you an opportunity to learn their exact approach. It’s a numbers game and everyone who plays can win. Jack and Jill have worked for years to put together the resources that put this within almost anyone’s reach. Flipping houses isn’t for everyone and may not be your cup of tea. But here is one way to reach your financial goals without all of that hassle and complexity. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question. Email your questions to questions@flippingamerica.net. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Sponsors American IRA: www.americanIRA.com Flipping America Buyers Club Legal Shield Landlord Coach Hey Atlanta! Are you a buy-and-hold investor and looking for ways to make owning and running your rental properties EASIER? Would you like to know how to make more money with your Rentals? You should consider joining the Landlord Coach, Mark Dolfini, for a 2 hour training event for one of three sessions on April 30th or May 1st right here in Atlanta. The cost is just $34 and you get a copy of his Best Selling book, The Time-Wealthy Investor 2.0 sent to you in advance. 100% satisfaction guaranteed, just head over to LandlordCoach.com/Atlanta to sign up now. That’s LandlordCoach.com/Atlanta Announcements: News: Questions: Martin, Orlando, FL, “ Warren, Augusta, GA “Can you talk a bit about the foreclosure process and how a person can buy houses at the public auction?” Anna, Columbus, GA “Help! I bought a house at the foreclosure auction. The people are apparently still living there. What do I do?” Matthew, Blue Ridge, GA “I don’t see how you could buy a house that you’ve never been inside. How do you come up with a repair budget? You don’t know what you’re getting in there - I don’t see how anyone ever takes this risk. Since you have in the past, can you shed some insight?” Alison, Austin, TX “How is it you buy some foreclosures at the courthouse but you can also buy foreclosures through the MLS sometimes?” Charlie, Columbia, SC “When can I start working on the house I just bought at the foreclosure auction? It’s vacant.” Carolyn, San Antonio, TX “I have a hard time with the foreclosure process. It seems like you are profiting from someone else’s pain. You seem like a nice man, but this is a cold-hearted way to make money. How do you live with yourself?” Motivational Quote: “You don’t learn to walk by following rules. You learn by doing and falling over.” – Richard Branson, founder Virgin Group

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Flipping America 469, "House Flipping in 2021" with Bruce Glen

Sleaze-Free Real Estate Investing

Play Episode Listen Later May 8, 2021 60:06

It’s the hottest real estate market most of us can remember. Houses are being sold on the same day as listing, many times with multiple offers over list price. And this is happening all over America - big cities, and small towns alike. It is so difficult to find a house to buy right now, is it even possible to flip houses? I’ll have the answer for you today on Flipping America. Bruce Green joins us to discuss the state of house flipping in 2021. Bruce is a prolific investor and mentor from Birmingham, AL who has been investing for 35+ years. We will discuss the unique challenges for flipping houses as the pandemic wanes, and lockdowns end. Homes have never been in higher demand than right now, which makes it great to sell, but difficult to buy. Bruce and I are going to talk about how to deal with this current reality. Then we will look into the short-term future to help us all prepare for what lies ahead after the eviction and foreclosure moratoriums end. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question. Email your questions to questions@flippingamerica.net. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Sponsors American IRA: www.americanIRA.com Flipping America Buyers Club Legal Shield Landlord Coach Hey Atlanta! Are you a buy-and-hold investor and looking for ways to make owning and running your rental properties EASIER? Would you like to know how to make more money with your Rentals? You should consider joining the Landlord Coach, Mark Dolfini, for a 2 hour training event for one of three sessions on April 30th or May 1st right here in Atlanta. The cost is just $34 and you get a copy of his Best Selling book, The Time-Wealthy Investor 2.0 sent to you in advance. 100% satisfaction guaranteed, just head over to LandlordCoach.com/Atlanta to sign up now. That’s LandlordCoach.com/Atlanta Announcements: News: Questions: Alison, Nashville, TN, “My husband and I want to buy a house. We have been looking for months, making offers, and getting outbid or someone else beats us. Is there anything we can do to improve our chances?” Pedro, Chattanooga, TN, “Where are some places I can find a contractor for my rental house?” Colby, Brooklyn, NY. “My girlfriend and I want to buy some investment property. We don’t want to create an empire or anything - just have a little extra money for traveling and so forth. Where is a good place to start?” Marla, Villages of Ocala, FL “I’m 77 years young. What’s the point of me getting a 30 year mortgage on a rental property?” Motivational Quote: “Time isn’t the main thing. It’s the only thing.” ― Miles Davis

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Thoughtful Property Management with Mark Dolfini of Landlord Coach

Play Episode Listen Later May 6, 2021 39:31

Why do so many real estate investors become overwhelmed by the responsibilities of property management? Because they lack Vision, Infrastructure and Process—what guest Mark Dolfini of Landlord Coach calls the “VIP method.” In this episode, Jeff and Mark discuss the VIP method, the importance of having a relationship-oriented approach to working with tenants, the value of having empathy while maintaining a business-like approach to property management, and much more.

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#467 The VIP Method on Flipping America Radio on Flipping America Radio

Play Episode Listen Later Apr 26, 2021 60:06

We all know the value of hard work. But we also sometimes need to find a way to create balance in our life. The work itself can be addicting - the completed deals are intoxicating. And once we are in it, the opportunities can be overwhelming. How do we decide? How do we say yes or no? Where are the boundaries? What are the rules? Mark Dolfini discovered his path and received life-altering clarity after a near-death experience due to overwork and exhaustion. Today we are going to hear his story and glean some of the truths he learned.

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Flipping America 468, Blissful Cash flow with Moneeka Sawyer

Play Episode Listen Later Apr 24, 2021 60:06

She’s a real estate millionaire, best selling author, host of her own top-rated podcast, and today Moneeka Sawyer is going to share with us her favorite method of creating cash flow. Your ultimate success in real estate is going to come from your passive income. If you can get your passive income to support the lifestyle you want, you are financially free. You can retire to the beach, volunteer at your charity, work on that passion project, or finally start your own rock n roll band! Because you don’t need the money! Woo hoo! How do you get there? There are dozens of ways to do it and your options will vary according to how much cash you have to put into this. Today I’m joined by Moneeka Sawyer, a successful investor How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question. Email your questions to questions@flippingamerica.net. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Sponsors American IRA: www.americanIRA.com Flipping America Buyers Club Legal Shield Landlord Coach Hey Atlanta! Are you a buy-and-hold investor and looking for ways to make owning and running your rental properties EASIER? Would you like to know how to make more money with your Rentals? You should consider joining the Landlord Coach, Mark Dolfini, for a 2 hour training event for one of three sessions on April 30th or May 1st right here in Atlanta. The cost is just $34 and you get a copy of his Best Selling book, The Time-Wealthy Investor 2.0 sent to you in advance. 100% satisfaction guaranteed, just head over to LandlordCoach.com/Atlanta to sign up now. That’s LandlordCoach.com/Atlanta Announcements: News: Questions: Aaron, San Francisco, CA “What is a QuitClaim Deed and why would someone want to sell me a property this way?” Hunter, Huntingdon Beach, CA “My wife and I are getting out of California. I’m sick of paying for everyone else’s freebies. Considering either Arizona, Tennessee, Georgia, or Florida. Can you provide any insights on these places we should consider?” Alison, Nashville, TN, “My husband and I want to buy a house. We have been looking for months, making offers, and getting outbid or someone else beats us. Is there anything we can do to improve our chances?” Pedro, Chattanooga, TN, “Where are some places I can find a contractor for my rental house?” Motivational Quote: “The noise you almost always hear in life and business is the scream of the urgent drowning out the whisper of the important.” ― Adam Contos, RE/MAX CEO

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Flipping America 467, The VIP Method

Real Estate Investing Mastery Podcast

Play Episode Listen Later Apr 22, 2021 60:06

We all know the value of hard work. But we also sometimes need to find a way to create balance in our life. The work itself can be addicting - the completed deals are intoxicating. And once we are in it, the opportunities can be overwhelming. How do we decide? How do we say yes or no? Where are the boundaries? What are the rules? Mark Dolfini discovered his path and received life-altering clarity after a near-death experience due to overwork and exhaustion. Today we are going to hear his story and glean some of the truths he learned. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question. Email your questions to questions@flippingamerica.net. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Sponsors American IRA: www.americanIRA.com Flipping America Buyers Club Legal Shield Landlord Coach Hey Atlanta! Are you a buy-and-hold investor and looking for ways to make owning and running your rental properties EASIER? Would you like to know how to make more money with your Rentals? You should consider joining the Landlord Coach, Mark Dolfini, for a 2 hour training event for one of three sessions on April 30th or May 1st right here in Atlanta. The cost is just $34 and you get a copy of his Best Selling book, The Time-Wealthy Investor 2.0 sent to you in advance. 100% satisfaction guaranteed, just head over to LandlordCoach.com/Atlanta to sign up now. That’s LandlordCoach.com/Atlanta Announcements: News: Interesting article about the growth in capability of computers over the years. https://www.zmescience.com/science/news-science/smartphone-power-compared-to-apollo-432/ Motivational Quote: “There is NO amount of money that makes time irrelevant.” ― Mark Dolfini

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929 » Deals Gone Bad #1: Too Many Deals, Not Enough Cash Flow with Mark Dolfini

Play Episode Listen Later Nov 4, 2020 44:49

Someone once told me that “Smart people learn from their own mistakes and wise people learn from the mistakes of others”. If you’re following what you think is a smart strategy and you find yourself spread too thin, then it’s time to look for someone who’s wise and has already risen from the ashes of a monumental real estate crash-and-burn. You might know Mark Dolfini from Landlord Coach, but you may not realize that at one point he was $100,000 in credit card debt and just steps away from bankruptcy. Beginning in the late nineties, Mark was able to start investing in using the best strategy ever: OPM, or other people’s money. But just because you can purchase a property and cash flow a little, that doesn’t mean that it’s a good deal. Mark is open about some of his biggest mistakes, including how he didn’t give himself enough room for expenses and what being over-leveraged on time looks like. Today, he’s a lot more careful about how he figures out CapEx on his properties, and he walks me through some of the factors that he ignored when he first began investing. I hope you’ll love this series and learn from these tales of caution. If you’d like to see my notes of all of the different ways you can have a bad deal, text the work BAD to 313131, and you’ll be able to access my mind map for this series. And don’t worry, I’ll keep adding to this interactive mind map as I interview people, so keep checking back on it as I add new ways people can wreck a deal and almost blow up their real estate career. What’s Inside: —How Mark figures out the future expenditures for his properties. —Why it took years for banks to extend mortgages to Mark again. —What being over-leveraged on both time and money looks like.

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#428 Tenant Nightmares on Flipping America Radio

Play Episode Listen Later Nov 2, 2020 60:06

Ghosts, goblins, hauntings, and things that go bump in the night. These can be frightening but they are mostly in your imagination. Reality is often more terrifying. And few things strike more fear into the heart than the prospect of becoming (dramatic sound effect) a landlord. Join us this Halloween day - if you dare - on a journey we call “Tenant Nightmares!” Hello America and thanks for joining us this fine Halloween day. The moon will be full tonight and it’s the first time since 1942 we’ve had a full moon on Halloween day. I hope you have your social distancing trick or treat protocols in place, candy ready for the neighborhood kids. And if you live far enough north, maybe a fire crackling in the fireplace as you settle down to listen to this episode of the Flipping America show. What can be scary about tenants is the fact that your money is at risk due to factors largely beyond your control. Tenants do some of the strangest things and frankly some of them can be remarkably destructive. This isn’t usually the case of course, but it happens just enough to make this venture frightening. Mark Dolfini is joining us in a few minutes and together we are going to share some of the scary stories from our experience, what we learned from them, and perhaps a few things that can spare you the anxiety, terror, and revulsion we experienced.

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Flipping America 428, Tenant Nightmares

Play Episode Listen Later Oct 31, 2020 60:06

Ghosts, goblins, hauntings, and things that go bump in the night. These can be frightening but they are mostly in your imagination. Reality is often more terrifying. And few things strike more fear into the heart than the prospect of becoming (dramatic sound effect) a landlord. Join us this Halloween day - if you dare - on a journey we call “Tenant Nightmares!” Hello America and thanks for joining us this fine Halloween day. The moon will be full tonight and it’s the first time since 1942 we’ve had a full moon on Halloween day. I hope you have your social distancing trick or treat protocols in place, candy ready for the neighborhood kids. And if you live far enough north, maybe a fire crackling in the fireplace as you settle down to listen to this episode of the Flipping America show. What can be scary about tenants is the fact that your money is at risk due to factors largely beyond your control. Tenants do some of the strangest things and frankly some of them can be remarkably destructive. This isn’t usually the case of course, but it happens just enough to make this venture frightening. Mark Dolfini is joining us in a few minutes and together we are going to share some of the scary stories from our experience, what we learned from them, and perhaps a few things that can spare you the anxiety, terror, and revulsion we experienced. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (877-557-6437) ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Sponsors American IRA: www.americanIRA.com The Flipping America Buyers Club bit.ly/flippingamericabuyersclub Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities . “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News Interesting connection between COVID-19 and interest rates for 2021. https://www.housingwire.com/videos/this-is-how-logan-mohtashami-believes-mortgage-rates-will-behave-in-2021/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_medium=email&_hsmi=98407997&_hsenc=p2ANqtz-8XzFJ30MQA6C-Uqjxii2DkNtQuf5NiHcKAdsaQtlqjWgwGTRrlEwKxHWSLUfatTdArik5uZcNNJNBgqJIrLvKad8rnKNzTeovSCVtjFgtposU-57Q&utm_content=98407997&utm_source=hs_email Questions Pamela, Oklahoma City, “What do you see happening in the housing market in 2021?” Hannah, Waukesha, WI, “I understand the 1% rule. What other factors do you consider when buying a rental property?” Motivational Quote: “Don’t wait to buy real estate. Buy real estate and wait.” Will Rogers

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Flipping America 395, Recession Investing Pt 2

Play Episode Listen Later Aug 28, 2020 60:01

We are continuing our conversation today with Mark Dolfini and Glen Glasper on the topic of “Recession Investing.” You have some real wisdom and genuine experience coming your way, but perhaps the strongest moments of any show in recent memory are the closing statements by these two extraordinary gentlemen. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437) ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities. “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: In the midst of a pandemic, home sales see the largest monthly increase ever recorded! https://www.cnbc.com/2020/07/22/existing-home-sales-surge-nearly-21percent-in-june-the-highest-monthly-gain-on-record.html In the meantime, rental growth is at a 10-yr low. https://www.cnbc.com/2020/07/21/coronavirus-pandemic-cuts-rent-growth-to-a-decade-low.html One of the coolest nerdy things I’ve seen in quite awhile. The Attom Table of Data Elements. Topic: Recession Investing, Mark Dolfini and Glen Glasper Motivational Thoughts for the day “Forgiveness is a very funny thing. It warms the heart and cools the sting.” William Arthur Ward

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Flipping America 394, Recession Investing Part 1

Play Episode Listen Later Aug 27, 2020 60:01

We are in a recession. How does this change our behavior or our minds as real estate investors? What should be we watching? Where will the opportunities lie? Should we just move to the sideline until it passes? I’m joined today by two expert investors, Glenn Glasper and Mark Dolfini and we are going to answer these questions and much much more. Take heart - there IS opportunity out there. You just need to know what to look for and where to find it. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437) ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities . “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. Topic: Recession Investing, Glenn Glasper and Mark Dolfini Some questions to get us started: Motivational Thoughts for the day “The more generous we are, the more joyous we become. The more cooperative we are, the more valuable we become. The more enthusiastic we are, the more productive we become. The more serving we are, the more prosperous we become.” William Arthur Ward

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#395 Recession Investing on Flipping America Radio

Play Episode Listen Later Jul 26, 2020 60:01

We are continuing our conversation today with Mark Dolfini and Glen Glasper on the topic of “Recession Investing.” You have some real wisdom and genuine experience coming your way, but perhaps the strongest moments of any show in recent memory are the closing statements by these two extraordinary gentlemen.

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#394 Recession Investing Pt 1 on Flipping America Radio

Play Episode Listen Later Jul 22, 2020 60:01

We are in a recession. How does this change our behavior or our minds as real estate investors? What should be we watching? Where will the opportunities lie? Should we just move to the sideline until it passes? I’m joined today by two expert investors, Glenn Glasper and Mark Dolfini and we are going to answer these questions and much much more. Take heart - there IS opportunity out there. You just need to know what to look for and where to find it.

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#RealLifeRealEstateInvesting Presents: Mark Dolfini.

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Play Episode Listen Later Jul 20, 2020 72:21

#RealLifeRealEstateInvesting Presents: Mark Dolfini. Mark is the Landlord Coach. Mark is also a #1 Best Selling Author. He will be sharing with us The VIP Method to building a Real Estate business, not a job.Support the show (https://cash.app/$RealLifeRealEstate)

The Landlord Coach Mark Dolfini - Part 2 #170

REI Rookies Podcast (Real Estate Investing Rookies)

Play Episode Listen Later Jul 5, 2020 1598:00

This week we continue our chat with Mark Dolfini the Landlord Coach. We chat about how to grow your real estate business so that you can lead your ideal life and value your time. Mark Dolfini is the author of The Time-Wealthy Investor and is a husband, father, and a veteran of the United States Marines. He owns several million dollars worth of real estate, and has actively managed over $40 million in real estate in his 20 years of being in the... Additional Show Notes at REIMastermind.net

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Ep170 • The Landlord Coach - Mark Dolfini - Part 2

REI Rookies Podcast (Real Estate Investing Rookies)

Play Episode Listen Later Jul 5, 2020 1508:00

This week we continue our chat with Mark Dolfini the Landlord Coach. We chat about how to grow your real estate business so that you can lead your ideal life and value your time. Mark Dolfini is the author of The Time-Wealthy Investor and is a husband, father, and a veteran of the United States Marines. He owns several million dollars worth of real estate, and has actively managed over $40 million in real estate in his 20 years of being in the... Additional Show Notes at HouseDudesPodcast.com

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Ep170 - The Landlord Coach - Mark Dolfini - Part 2

REI Rookies Podcast (Real Estate Investing Rookies)

Play Episode Listen Later Jul 5, 2020 25:08

This week we continue our chat with Mark Dolfini the Landlord Coach. We chat about how to grow your real estate business so that you can lead your ideal life and value your time. Mark Dolfini is the author of The Time-Wealthy Investor and is a husband, father, and a veteran of the United States Marines. He owns several million dollars worth of real estate, and has actively managed over $40 million in real estate in his 20 years of being in the real estate business. That is not what makes his story so compelling. He focuses on Time-Wealth and is now able to control his calendar to do the things he wants, when he wants, and with whom he wants to do them. To learn more about Mark check out his website at https://landlordcoach.com/rookies Connect with Mark! Website Facebook Twitter LinkedIn Instagram Have you found some value in the show? Click here to support us through Patreon! Want to work with us? Head over to HouseDudes.com for more information. If you have any thoughts or questions shoot us an email at info@housedudes.com. You can also find us on Facebook, Instagram, and Twitter @HouseDudes Please subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow. Patreon: https://www.patreon.com/housedudes Facebook: https://www.facebook.com/HouseDudesPodcast/ iTunes: http://bit.ly/HouseDudesiTunes Google Play: http://bit.ly/HouseDudesGooglePlay YouTube: http://bit.ly/HouseDudesYouTube Stitcher: http://bit.ly/HouseDudesStitcher SoundCloud: http://bit.ly/HouseDudesSoundcloud Follow Josh Koth and Jack Hoss on their journey towards financial freedom using the power of Real Estate through the REI Rookies Podcast (Real Estate Investing Rookies Podcast). We share our experiences as we acquire rental properties, build net worth, and work towards financial freedom. We are focused on creating wealth through conventional and creative real estate investing while improving our financial education. If you are a fan of Rich Dad Poor Dad by Robert Kiyosaki and Millionaire Real Estate Investor by Gary Keller or are looking for an alternative to the Dave Ramsey, Jim Cramer, Motley Fool or Suze Orman shows we invite you to subscribe today!

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The Landlord Coach Mark Dolfini - Part 1 #169

REI Rookies Podcast (Real Estate Investing Rookies)

Play Episode Listen Later Jun 28, 2020 1542:00

This week we chat with Mark Dolfini the Landlord Coach. We chat about how to grow your real estate business so that you can lead your ideal life and value your time. Mark Dolfini is the author of The Time-Wealthy Investor and is a husband, father, and a veteran of the United States Marines. He owns several million dollars worth of real estate, and has actively managed over $40 million in real estate in his 20 years of being in the real estate... additional show notes on REIMastermind.net

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Ep169 - The Landlord Coach - Mark Dolfini - Part 1

REI Rookies Podcast (Real Estate Investing Rookies)

Play Episode Listen Later Jun 28, 2020 24:12

This week we chat with Mark Dolfini the Landlord Coach. We chat about how to grow your real estate business so that you can lead your ideal life and value your time. Mark Dolfini is the author of The Time-Wealthy Investor and is a husband, father, and a veteran of the United States Marines. He owns several million dollars worth of real estate, and has actively managed over $40 million in real estate in his 20 years of being in the real estate business. That is not what makes his story so compelling. He focuses on Time-Wealth and is now able to control his calendar to do the things he wants, when he wants, and with whom he wants to do them. To learn more about Mark check out his website at https://landlordcoach.com/rookies Connect with Mark! Website Facebook Twitter LinkedIn Instagram Have you found some value in the show? Click here to support us through Patreon! Want to work with us? Head over to HouseDudes.com for more information. If you have any thoughts or questions shoot us an email at info@housedudes.com. You can also find us on Facebook, Instagram, and Twitter @HouseDudes Please subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow. Patreon: https://www.patreon.com/housedudes Facebook: https://www.facebook.com/HouseDudesPodcast/ iTunes: http://bit.ly/HouseDudesiTunes Google Play: http://bit.ly/HouseDudesGooglePlay YouTube: http://bit.ly/HouseDudesYouTube Stitcher: http://bit.ly/HouseDudesStitcher SoundCloud: http://bit.ly/HouseDudesSoundcloud Follow Josh Koth and Jack Hoss on their journey towards financial freedom using the power of Real Estate through the REI Rookies Podcast (Real Estate Investing Rookies Podcast). We share our experiences as we acquire rental properties, build net worth, and work towards financial freedom. We are focused on creating wealth through conventional and creative real estate investing while improving our financial education. If you are a fan of Rich Dad Poor Dad by Robert Kiyosaki and Millionaire Real Estate Investor by Gary Keller or are looking for an alternative to the Dave Ramsey, Jim Cramer, Motley Fool or Suze Orman shows we invite you to subscribe today!

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Ep169 • The Landlord Coach - Mark Dolfini - Part 1

REI Rookies Podcast (Real Estate Investing Rookies)

Play Episode Listen Later Jun 28, 2020 1452:00

This week we chat with Mark Dolfini the Landlord Coach. We chat about how to grow your real estate business so that you can lead your ideal life and value your time. Mark Dolfini is the author of The Time-Wealthy Investor and is a husband, father, and a veteran of the United States Marines. He owns several million dollars worth of real estate, and has actively managed over $40 million in real estate in his 20 years of being in the real estate... additional show notes on HouseDudesPodcast.com

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Are You In Alignment With Your Vision? With Mark Dolfini

Get Fundable

Play Episode Listen Later Jun 23, 2020 50:06

As we move through the stages of growth, we sometimes fall into the shiny objects trap. We chase the shiniest thing in front of us that we forget about where we want to go in the first place. If you are ready to take borrowing to the next level, then you better learn how to […]

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Are You In Alignment With Your Vision? With Mark Dolfini

Get Fundable

Play Episode Listen Later Jun 23, 2020 50:13

As we move through the stages of growth, we sometimes fall into the shiny objects trap. We chase the shiniest thing in front of us that we forget about where we want to go in the first place. If you are ready to take borrowing to the next level, then you better learn how to ramp up your fundability while also keeping your vision intact. Merrill Chandler and his guest, Mark Dolfini, the founder of Landlord Coach, LLC and author of The Time-Wealthy Investor, take you from small business borrowing into a discussion about commercial level borrowing. Mark breaks down the dos and don’ts in the process and shares how your fundability gets positively or negatively impacted by it. He gives us an in-depth look at what is happening in the commercial lending markets and how these things will affect real estate investors. Through his book’s fascinating VIP model that is used to coach landlords, Mark provides some great insights to help us become a desirable borrower to these banks, especially for those in the do-it-yourself game. He zones in on the importance of being in alignment with your vision; otherwise, you’ll end up further down from where you want to be. Be fundable and lendable not only in the small leagues but also in the big leagues while staying in alignment with who you are. Follow along in this episode to learn more. Love the show? Subscribe, rate, review, and share! Here’s How » Join the Get Fundable! Community today: GetFundablePodcast.com Get Fundable! Facebook GetFundableBootcamp.com

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Flipping America 368, Real Estate Recovery Part 2

Play Episode Listen Later Jun 17, 2020 60:01

We continue today the conversation we started last time with Mark Dolfini and Tom Zeeb. We are talking about the recovery after the coronavirus shutdowns end and where we think real estate will be. Mark is a buy and hold investor in Indianapolis and Tom is a wholesaler in Washington DC. It’s tough to predict outcomes from something unprecedented like this, but we are going to try anyway. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437) ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities . “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: Further evidence that we are NOT going to see a spike in foreclosures. https://www.housingwire.com/articles/fannie-mae-freddie-mac-borrowers-in-forbearance-can-defer-all-missed-payments-until-the-end-of-their-loan/?utm_source=hs_email&utm_medium=email&utm_content=87898438&_hsenc=p2ANqtz--TOyf49q9tKoSRwCQZhMjj8FrtTlEy1a1l29czCyewXxduD53BdaAcgjom3a15E4Oa1liBWTxCLZRzdD4XXZ5LTujqNx28dRCXynXQS9Do2798-fY&_hsmi=87898438 Questions: Send your questions to questions@rogerblankenship.com Motivational Thoughts for the day “In any market, in any country, there are developers who make money. So I say all of this doom and gloom, but there will always be people who make money, because people always want homes.” Sarah Beeny

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Flipping America 367, The Real Estate Recovery, Pt 1

vision vip infrastructure mark dolfini

Play Episode Listen Later Jun 16, 2020 60:01

The economy can’t stay closed forever. And when it reopens it might not open all at once everywhere. Many experts now are beginning to believe that real estate will lead a resurgence that could impact the entire economy. What shape will it take? We are joined today by my good friends Tom Zeeb and Mark Dolfini. These are high volume investors from Washington DC and Indianapolis respectively and they will weigh in on this important topic. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437) ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial FlipStarter Online! www.flipstarteronline.com Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities . “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: Further evidence that we are NOT going to see a spike in foreclosures. https://www.housingwire.com/articles/fannie-mae-freddie-mac-borrowers-in-forbearance-can-defer-all-missed-payments-until-the-end-of-their-loan/?utm_source=hs_email&utm_medium=email&utm_content=87898438&_hsenc=p2ANqtz--TOyf49q9tKoSRwCQZhMjj8FrtTlEy1a1l29czCyewXxduD53BdaAcgjom3a15E4Oa1liBWTxCLZRzdD4XXZ5LTujqNx28dRCXynXQS9Do2798-fY&_hsmi=87898438 Questions: Send your questions to questions@rogerblankenship.com Motivational Thoughts for the day “Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security.” Russell Sage, American Financier and Politician

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E50: Creating a Vision with Mark Dolfini

Real Estate Hackers

Play Episode Listen Later May 28, 2020 45:10

US Marine Mark Dolfini talks to us about his early missteps in buying the wrong type of property and not having clear priorities laid out beforehand. He also recounts how the stress of overwork almost killed him and how this, while forcing him to reevaluate his life, birthed the VIP method (Vision, Infrastructure and Process) https://landlordcoach.com/

#368 Real Estate Recovery Part 2 on Flipping America Radio

Play Episode Listen Later May 24, 2020 60:01

We continue today the conversation we started last time with Mark Dolfini and Tom Zeeb. We are talking about the recovery after the coronavirus shutdowns end and where we think real estate will be. Mark is a buy and hold investor in Indianapolis and Tom is a wholesaler in Washington DC. It’s tough to predict outcomes from something unprecedented like this, but we are going to try anyway.

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#367 Real Estate Recovery Part 1 on Flipping America Radio

vision hosts monetary videocast mark dolfini

Play Episode Listen Later May 17, 2020 60:01

The economy can’t stay closed forever. And when it reopens it might not open all at once everywhere. Many experts now are beginning to believe that real estate will lead a resurgence that could impact the entire economy. What shape will it take? We are joined today by my good friends Tom Zeeb and Mark Dolfini. These are high volume investors from Washington DC and Indianapolis respectively and they will weigh in on this important topic.

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006 - Place A Monetary Value On Your Time

2 Wealth Show

Play Episode Listen Later Apr 22, 2020 24:09 Transcription Available

2 Wealth Show S2 Ep6 – Place A Monetary Value On Your TimeSuper E and Justin Bogard interview landlord coach Mark Dolfini in the 6th episode of season 2. Get to know who Mark Dolfini is and receive some of his awesome coaching!Key Takeaways: Strategic Terms and the WHYTime Wealth + Freedom of Your CalendarWithout a Vision, You are Easily DistractedResources and links discussed Videocast on BrightPath Notes YouTube Channel Videocast on Elizabeth Maora YouTube Channel BrightPath Notes Website - https://brightpathnotes.com Elizabeth Maora LLC Website - https://elizabethmaorallc.com Mark Dolfini Website - https://landlordcoach.comSponsored By: Integrated Health Solutions We are passionate about your health and wellness and we know you want to enjoy a vibrant, pain-free, active lifestyle, but when you are in pain this seems almost impossible. In order to be pain-free, move fluidly, and enjoy an optimal level of functionality, you need a personalized yet integrated, research based and clinically proven approach and that’s what we do. To learn more visit us at ihsindy.com cryotherapyindy.com About the Hosts Justin Bogard – Note Investor specializing in performing Residential Real Estate Debt. He finds deals and acquires them for his own portfolio as well as educates investors while walking them through the process of owning a Real Estate Note! Super E – Real Estate Investor specializing in short-term rentals and the management of them. She connects investors with short-term tenants and manages everything in-between. Connect with the Hosts: @2wealthshow – Facebook/Instagram @wealth_show - Twitter

Flipping America 335 VISION, with Mark Dolfini

covid-19 hosts videocast mark dolfini

Play Episode Listen Later Mar 24, 2020 60:01

“If you don’t know where you’re going, any road will take you there.” This quote is from Alice in Wonderland by Lewis Carroll. Yogi Berra put a famous twist on this by saying “If you don’t know where you’re going you’ll end up someplace else.” "Our plans miscarry because they have no aim. When a man does not know what harbor he is making for, no wind is the right wind." Seneca In absence of vision and clearly defined goals, we become strangely loyal to performing daily acts of trivia. Has your life fallen into mindless routine? Do you have a vague feeling that you would like to be doing something different, be somewhere else, spend your days involved in something more meaningful? It all begins with your vision. Not just a dream or a romantic ideal, a vision that is clearly developed, that focuses your life, informs the development of your goals, and directs the priorities of your daily life. It is possible to live a well-thought life. Not only is it possible, you might be missing the best possible life and the best possible version of you. It is good for every person to devote time regularly to thinking about the bigger picture of his or her life. Mark Dolfini is the author of “The Time Wealthy Investor” and in that book he outlines his VIP strategy. VIP is an acronym standing for Vision, Infrastructure, and Process. His work and thoughts on the Vision part alone are some of the best I’ve seen. I might have planted a little seed in his brain about doing an entire course on Vision and that has now become a reality. Mark will be making a guest appearance tonight at the Flipping America REIA meeting via video chat. But he also is going to join us in just a moment for a conversation about his new course on Vision. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437) ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFunding Real Estate Investing QuickStart Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities. “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: Kathy Fettke called it on this show. Crystal lagoons could be a “wave” of the future. https://www.cnbc.com/video/2020/02/12/crystal-lagoons-is-disrupting-beach-front-real-estate.html Is it a rental monolith or a monopoly? https://www.housingwire.com/articles/birth-of-a-rental-monolith-rentpath-declares-bankruptcy-agrees-to-sell-to-costar/ Can investors also become HomeSnap pro users? https://www.housingwire.com/articles/homesnap-new-platform-guesses-when-people-will-move/ People are on the move - away from expensive coastal cities. https://www.redfin.com/blog/q4-2019-housing-migration-report/ Topic: The Personal Vision Road Map, with Mark Dolfini Confusing results with vision. Big house, why? Love to entertain. Why? Keep pulling on the thread and usually will end up saying “because I (fill in the blank with this deep need).” Not about goals. It’s attached to the limbic system - the thing that gets. You up on a rainy Sunday morning. The Vision Paragraph The Vision Summary - write it down every day. “She wanted to move her mom within a 5 min drive. Home-school her kids, work from home, 10-15 hours/week. Wanted to start trying to have another baby.” Identify revenue goals that can make that happen. The two or three things she wanted the most within the next 8-12 months. Three pillars of the mind, body, and soul. Easiest to start with the mind. The Personal Vision Road Map Your Questions: Send emails to questions@rogerblankenship.com Jessica, Akron, OH, “I have saved $40,000 to invest in a fix and flip. I’ve watched videos, attended a boot camp, and I see deals from time to time that fit all the criteria. But I’m having a hard time pulling the trigger. I know it’s fear, but how do I overcome it?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day “To reach a port, we must sail—Sail, not tie at anchor—Sail, not drift.” - Franklin Roosevelt

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COVID-19

2 Wealth Show

Play Episode Listen Later Mar 19, 2020 28:47 Transcription Available

2 Wealth Show: COVID-19 Super E and Justin chat with Mark Dolfini about COVID-19 and how it affects real estate. Key Takeaways: Lunacy Going On = Marketing in Different WaysReal Estate is a People BusinessAlternative Investments Resources and links discussed Videocast on BrightPath Notes YouTube Channel Videocast on Elizabeth Maora YouTube Channel BrightPath Notes Website - https://brightpathnotes.com Elizabeth Maora LLC Website - https://elizabethmaorallc.comLandLord Coach Website - https://landlordcoach.com/members Sponsored By: Integrated Health Solutions We are passionate about your health and wellness and we know you want to enjoy a vibrant, pain-free, active lifestyle, but when you are in pain this seems almost impossible. In order to be pain-free, move fluidly, and enjoy an optimal level of functionality, you need a personalized yet integrated, research based and clinically proven approach and that’s what we do. To learn more visit us at ihsindy.com cryotherapyindy.com About the Hosts Justin Bogard – Note Investor specializing in performing Residential Real Estate Debt. He finds deals and acquires them for his own portfolio as well as educates investors while walking them through the process of owning a Real Estate Note! Super E – Real Estate Investor specializing in short-term rentals and the management of them. She connects investors with short-term tenants and manages everything in-between. Connect with the Hosts: @2wealthshow – Facebook/Instagram@wealth_show - Twitter

#335 Vision Mark Dolfini on Flipping America Radio

Play Episode Listen Later Feb 13, 2020 60:01

“If you don’t know where you’re going, any road will take you there.” This quote is from Alice in Wonderland by Lewis Carroll. Yogi Berra put a famous twist on this by saying “If you don’t know where you’re going you’ll end up someplace else.” Our plans miscarry because they have no aim. When a man does not know what harbor he is making for, no wind is the right wind. Seneca In absence of vision and clearly defined goals, we become strangely loyal to performing daily acts of trivia. Has your life fallen into mindless routine? Do you have a vague feeling that you would like to be doing something different, be somewhere else, spend your days involved in something more meaningful? It all begins with your vision. Not just a dream or a romantic ideal, a vision that is clearly developed, that focuses your life, informs the development of your goals, and directs the priorities of your daily life. It is possible to live a well-thought life. Not only is it possible, you might be missing the best possible life and the best possible version of you. It is good for every person to devote time regularly to thinking about the bigger picture of his or her life. Mark Dolfini is the author of “The Time Wealthy Investor” and in that book he outlines his VIP strategy. VIP is an acronym standing for Vision, Infrastructure, and Process. His work and thoughts on the Vision part alone are some of the best I’ve seen. I might have planted a little seed in his brain about doing an entire course on Vision and that has now become a reality. Mark will be making a guest appearance tonight at the Flipping America REIA meeting via video chat. But he also is going to join us in just a moment for a conversation about his new course on Vision.

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2020-02-12 Mark Dolfini Improving The Business Process

improving business processes mark dolfini

Play Episode Listen Later Feb 12, 2020

2020-02-12 Mark Dolfini Improving The Business Process

improving business processes mark dolfini

Play Episode Listen Later Feb 12, 2020

DGS 105: VIP Paradigm: Vision, Infrastructure, and Process with Mark Dolfini of Landlord Coach

#DoorGrowShow - Property Management Growth

Play Episode Listen Later Nov 19, 2019 54:15

Do you want to grow your single-family portfolio, but not sure how? Don’t think you’re smart enough to be successful in real estate? Invest in yourself, get an education, and hire a coach. Today, I am talking to Mark Dolfini, founder of Landlord Coach and author of three real estate books. Mark shares how he ventured into real estate, property management, and landlord coach. He follows the VIP Paradigm: Vision, Infrastructure, and Process. You’ll Learn... [04:40] Real Estate Education: You can learn, if you want to; even if you’re not smart. [07:21] Hospitality Industry: How to treat people, customers, and residents like guests. [10:37] Set up sustainable business by shifting to VIP Paradigm. [14:35] Landlord Coach’s favorite catch phrases focus on valuing your time and money. [19:30] Better Business Owner: It’s not about the number of doors, but what you’re trying to accomplish in revenue and lifestyle. [26:40] Cycle of Suck and 4 Ds to Revenue (doors, deals, duration, and dollars). [29:10] Being time wealthy is more of a decision than a destination. [31:37] Bad communication is a symptom of the problem, not the problem. The problem is a bad infrastructure and/or process. [36:35] Product to Produce: Consistency; sloppiness is your only competition. [37:35] Negative Feedback Loop: If you put something in place, make sure it gets done. [39:04] Company’s Compass: Define/develop core values to make business decisions. [41:55] Being your own boss is great, but get a coach to take you where you want to go. [44:10] Difference between mentor and coach: Invest in yourself by paying a coach to hold you accountable. Tweetables Real Estate Education: It’s about the want to; not the intelligence. Don’t do it all. Learn to fire yourself! There is no amount of money that will make time irrelevant. If you don’t place a value on your free time, someone else will. Resources Mark Dolfini on Facebook Landlord Coach The Time-Wealthy Investor 2.0 Marriott DoorGrowClub Facebook Group DoorGrowLive DoorGrow on YouTube DoorGrow Website Score Quiz Transcript Jason: Welcome, DoorGrow hackers to the DoorGrow Show. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you are interested in growing your business and life, and you are open to doing things a bit differently, then you are a DoorGrow hacker. DoorGrow hackers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate think you’re crazy for doing it, you think they’re crazy for not, because you realize that property management is the ultimate high-trust gateway to real estate deals, relationships, and residual income. At DoorGrow, we are on a mission to transform property management businesses and their owners. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. I’m your host, property management growth expert, Jason Hull, the founder and CEO of DoorGrow. Now, let’s get into the show. Today I’m hanging out with Mark Dolfini of Landlord Coach. Mark, welcome to the show. Mark: Hey, it’s great to be here. That’s a heck of an intro. Jason: It’s our manifesto, I call it. Mark: I love it. That speaks directly to my heart when we’re talking about people who want to grow their single family portfolios. That gets me fired up. Jason: So Mark, I want to introduce you. I’m really excited to have you on the show. We’re talking before show a little bit and we have a lot of alignment. We both believe in coaching, we both believe in having coaches. It says Mark Dolfini is a veteran of the US marines—thank you for your service—and the author of three real estate books. He was first published in 2017, second book released in early 2018, and his third book, The Time-Wealthy Investor 2.0, came out in March of 2019. He received a Bachelor of Science in Accounting at Purdue University, worked for Marriott International before venturing out full time into the world of real estate investing. He’s a managing broker for property management company based out of Lafayette, the founder of Landlord Coach, sits on numerous boards, including the Better Business Bureau of Central Indiana, the National Federation of Independent Business, and is a training director for the Central Indiana BNI Franchise and Networking Organization. He spends his free time pistol shooting and kayaking, and lives in Lafayette where he and his wife, Jennifer, are raising their two sons, Leland and Logan. All right, so we got through your bio. Mark, let’s start out with you and I want to hear about your background. How did you get into the space of real estate, property management, landlord coach, all of this. How did this all come about? Give us a little backstory. Mark: Sure. Well, I’d love to say it was a straight line trajectory, but you know there’s your plan and God’s plan, right? That doesn’t and usually don’t always match up. Jason: [...] and then there’s reality. Mark: Exactly. Jason: [...] winds. Always. Mark: Right. I’d always wanted to do something entrepreneurial. I didn’t know exactly what that was. I mean, this is back me being seven or eight years old, I started with a vegetable stand, the vegetable that I grew in Upstate New York and sold them at a vegetable stand that I built out of out of wood. So I always started back from there. My first go at real estate was when I was actually in the marine corps still and I bought 40 acres of property that was in Northern Arizona. I paid a couple of hundred bucks an acre for it and that was really it. It was just a desert in the middle of nowhere that no one seemed to want, but I knew at $200 an acre was a pretty good deal. I ended up buying it for capital appreciation at that point in time. But having a piece of land that doesn’t generate income doesn’t generate revenue. I learned pretty quickly is not the way to wealth. Getting someone else to pay for it was really what I wanted to do. I was getting near the end of my time in the marine corps. Had a great time, it was good for me in a lot of ways. It was tough, but I’m glad I did it. I also knew I needed to get an education. So, I got out. Now, let me just frame this because I went to school in Upstate New York and graduated 352nd out of 354. Let that sink in, everybody. I was at the bottom of the class. Jason: Right [...] the class by any means. Mark: Right. Not even close. The reason I’m saying that is because people who are out there think that they have to have this high-level of intelligence and high-level of intellect to make this business work. If you know anything and you’re doing real estate, it’s about the want to, it’s not about the intelligence. Let me just put that to bed right away. Now, that doesn’t give you an excuse to not go out and say, “Well, I need to learn things and therefore it’s just too hard.” There are lots of things are difficult. Walking when you were two years old was probably difficult. Or 18 months when learning how to talk was difficult at one point. It’s the same thing. You can learn this if you have the right intention. Anyway, getting out of the marine corps and getting into college was a little tricky because with my “stellar” high school career. I had to figure out how to how to do that. I hadn’t sat for an SAT. I had to learn in high school all that stuff. When I got out of the marine corps, I actually got accepted to Purdue. I got a high-enough score on my SAT. While I was at Purdue, I started buying some rental real estate. By the time I got out of Purdue, I had about a dozen rental units altogether, which is roughly half a million dollars for the real estate. That really how I got started and that’s really where my real estate education really got started. Jason: Right, so you cut your teeth on in the real world with your own real estate deals dealing with tenants, toilets, and termites, I’m sure. Fast forward to now. Help us understand. We’re going to be talking about the VIP paradigm: vision, infrastructure, and process the acronym. Let’s get into it. Mark: Sure. Before I get into that, it’s important to know that the rest of the story, as Paul Harvey might say. As I was getting out of college and I was buying more rental units, there’s lots of property managers out there who are also investors, so now I’m speaking to them as well. As I was growing this side of the portfolio, I was working as an accountant—I have a degree in accounting—for the Marriott. Wonderful, wonderful company. I learned an awful lot from the hospitality industry in terms of how to treat people, how to treat customers, and really treat my residents like I would be treating hotel guests. There’s a lot to learn out there from the hospitality industry in terms of what they do right. It’s just a different approach. It’s almost like the paradigm shift that happened with the banks maybe about 20 years ago. It used to be you run into the bank almost when you were in trouble. Now, you walk into a bank and everyone greets you, throws bottles of water at you, says hello and they give you this. That wasn’t always the way. The old school guys may remember that. Now, it’s a different paradigm because now they’re welcoming customers. They want you to come into the bank. They want you to have that transaction at their location. I would love to see that shift continue into the property management side because now it almost seems like the residents are the enemy rather than they’re the ones who pay the bills. As I continue to evolve and I loved what I learned from the hospitality industry, eventually I got to a point where I was able to get out and start to do that full-time just managing my own portfolio. Unfortunately, I got very, very overleveraged, not only in money but in time. What was happening is every time a task would come on, rather than looking for someone to hand that task to, I just took it on and kept it. There’s lots of property managers out there that are doing this. They’re not valuing their time highly enough. What ends up happening is they end up taking on this job, they don’t factor in opportunity cost where they’re going to take every job that’s out there and they’re going to do it. Even though they may be worth realistically $20–$50 an hour, they’re still doing $10 an hour jobs. In essence, every time they’re doing a $10 an hour job, they’re costing their business $40 an hour or $30 an hour and they don’t look at in that paradigm. Learning to fire yourself is one of the biggest things and I’m sure we can get in that little bit later, but really where my transition in the property management occurred was almost out of necessity. That seems to happen for a lot of people and certainly I was no exception. Going into 2009, I had about $6 million worth of real estate in my own portfolio. I was working 16–17 hours a day just trying to keep all the balls in the air. When the economy fell apart, that’s when things really, really got bad for me. Of course I started working 20 and 22 hour days and kept catching naps wherever I could. I was doing it all and I was doing it all very, very poorly. Finally, where the camel’s back broke was I got sick and I almost died in the hospital from double pneumonia. From all that, is really where I really got very intentional about setting up a business that was sustainable and I started delivering to my cash flow by doing some property management for other people. I got my broker’s license, started doing some property management on the side, and that’s really where I also got very, very intentional about how I want my business to look, the infrastructure that I needed it, and also the processes that needed to run on that infrastructure. That’s the vision infrastructure process paradigm that you’re alluding to earlier is you’re getting a vision where I wanted to go, setting up the proper infrastructure for it, and then putting the processes in place on top of that. Jason: I want to point this out because this is a milestone that I’m wondering if every entrepreneur eventually go through it. It’s like a crisis of health where we finally realize that we are not invincible, that it’s not sustainable to just do the hustle and grind that’s trumped up, and it made to look beautiful and exciting to just work, endless work weeks and crazy amounts of hours. Looking back, I had my own crisis like this. I remember I was literally at the end of a sales call laying on the floor because I had slipped a disk in my back or something because I wasn’t eating. I was just working, I thought I had to work harder and harder, I was just do-do-do, and then I couldn’t work for two weeks. I was laying on the floor and it was ridiculous. That gets really expensive trying to recover from that. 5That was when I had this shift and this epiphany came to me that our health and self-care is the foundation for my ability to provide, to do everything in the business, and you need to have a business that serves your needs and be sustainable instead of becoming this robot slave that is going to wear your body out on the business. Mark: Right To that point, you have to understand that we work so we can live, not the other way around. There’s so many people who are out there living to work and property managers, you get that one or two critical pieces, or one or two critical people that are doing 80%–90% of the work, and then you get everybody else who just shows up and cares or doesn’t care, whatever. I know it’s a typical 80/20 rule where you get 20% of people doing 80% of the work. In property management, it’s more like 1% doing 99% of the work. Then you got those critical pieces and you cannot build a sustainable business on that. Lots of property managers are very small. They’re under 500 units and they’re one- or two-man shops. In the property management company that I have, definitely is a weird hybrid between management company, maintenance company, but it works and it works really, really well. We can get into that later, but I agree with you. You have to almost get to that crisis. You either get to that crisis and you make a decision or you just have enough for you to just walk away. In either one, I don’t think is good. A lot of people get to that point because they don’t value their free time. That’s fundamentally it. They’re just not buying their time. Rob: Yup. Time is worth more than money to me now. If people approached it from that standpoint at the beginning, that’s why you hire somebody. You’re buying time. That’s why you build the business. You’re buying time. Every dollar I spend should be hopefully moving towards buying me some additional time or collapsing time. That’s why I get coaches. It collapses time. I’m buying time. I love what you’re saying. A lot of times, we start out building the business we can have instead of the business that we want, and they’re two very different things. One you’re serving and the other one serves us. Mark: That’s exactly right. There are two catch phrases I use all the time. One of those is, “There is no amount of money that will make time irrelevant.” When you get your head around that, then all of a sudden you say, “Okay.” The other phrase I use quite often, especially when I’m signing-off on a live event or something like that is, “Not only is there no amount of money that will make time irrelevant, but if you don’t place a value on your free time, someone else will.” Usually the amount of value that they’re going to place on your free time is far less than what you're worth, and they know it. That’s why they’re calling you with that, right? Jason: Yeah. The, “You got a minute?” and, “Hey, can I just take you out to lunch?” these kind of things. Mark: Absolutely right. That’s exactly right. Jason: You need to value your time. I don’t know how you tell people to value your time, but I usually say, “Take your gross revenue of the company if you’re the entrepreneur and divide that by 20-, 80-, or a 40-hour work week. That’s a pretty good estimate of what you should, at least, value your time as a dollar if you were looking at it on a dollar per hour basis.” Mark: Yeah, and if you did it on a 40-hour work week, you’d be surprised that most property managers I know are working way more than that. When you come back into it just from that simple math, that’s a perfect calculation. In fact, that’s exactly how I would tell people how to put just a rough number on your time. Or even people that are doing property management on the side. There’s lots of property managers are also estate brokers. They all have to be brokers, but they’re also doing real estate transactions on the side where they’re showing properties and they’re selling properties. That’s all revenue and that’s where you need to determine your opportunity cost. I would say all of your revenue that’s coming in, divide that by coming up with an hourly rate in terms of a 40-hour work week or even a 50-hour work week, to be fair. If you’re coming up with the $50–$60 an hour rate and you’re doing a $12 an hour work, you’ve got to replace yourself from doing that task as soon as you possibly can. I have a driver that I hire when I go to Indianapolis. I go to Indianapolis a couple of times a week and people are like, “Oh, you’re mister big time,” and I’m like, “No, it’s not about that. It’s not about because I feel super important. It’s because I get three hours of windshield time that literally is purposeless. I might listen on audio book. I still like to drive, but it’s not about that. It’s so I can get that time back.” So when I’m done at the end of the day, I’m not completely wiped out and spent. I don’t have to spend an extra three hours at the office that I should be spending with my wife, even if just sitting on the couch with her. Or just sitting at home being with her, or being around my kids, or just being home, where I want to be. There’s lots of people who don’t understand that and I’m like, “Okay, I pay this guy maybe $50, $75, $100 to drive me there and back. That’s easily worth it because my time is several hundred dollars an hour. Someone wants to call me and coach with me, I’m like, “Yeah, that's what I’m going to charge you,” so why would it cost myself that money driving? Sometimes, I still do because I want the solitude and I want to listen to an audio book and just enjoy it. Sometimes, I just want road time. But lots of times, if it’s purposeless, I really want to try to eliminate those bottlenecks as quickly as I possibly can, so I can stay focused on what I’m really trying to accomplish. Jason: Yeah. It’s funny. You’ll see entrepreneurs, they say they have $1 million business. Their time is probably worth about $480 an hour by that calculation, say $500 bucks an hour, and they’re still doing stuff like sometimes you’ll see them doing their yard. If they love doing those things, great, but sometimes we’ll be so focused on one area that we lose sight. For example, there was a time period where I hired a house manager and a nanny because all the fake dad stuff was being done. [...] care about laundry. They don’t care who makes the mills. They want time. So if I can offload those thing to somebody and I’m not paying them $500 an hour to offload those things, then I can spend time. Ultimately, were buying time and that’s a critical piece to growing and scaling business. Mark: Yes. That’s 100% vision. A lot of times, especially whether I’m working with an individual investor or I’m working with a property manager, door count is really where a lot of people say that and I stop them. I know. For example, I got the moniker, Landlord Coach, but my goal is to make people not landlords. If I was going to be a property management coach, my goal would not to make them better property managers. My goal for them is to be better business owners. Even though a lot of times they say, “Oh, all I want,” if it’s an investor, “are 100 units,” or if it’s a property manager, “I want 1000 doors.” I’m like, “Okay, so 999 wouldn’t do it?” and they go, “Well, yeah maybe.” “Okay 997 wouldn’t do it?” I’ll go down this until they finally get that, “Well, okay Mark, what’s your point?” I said, “Look, it’s not the number of doors. It’s really about...” Jason: It’s not an ego number, not an ego goal. Mark: Right. It’s not about that at all. It’s about what you are trying to accomplish in terms of your revenue goals. It’s really about that. If this is about ego, I respect that, but that’s not toward your vision. A lot of times they say, “Okay, well let’s get towards a vision that’s really actually purposeful and usually after I beat him up a little bit and I go, “Okay, 997. How about 995?” After they go, “Okay, what’s your point?” A lot of times I would say, “Okay, so in other words, you’re saying to me that you need to get to a revenue or you need to get to 1000 doors at, say, $1000 apiece. That’s what you need, but you couldn’t get there with 500 doors at $2000 apiece? Obviously the math is the same and a lot less work,” and they go, “Well, yeah. Okay.” “So, is it really about door count? Because I can get you 1000 doors. There are not going to be anything in the world that you or anybody else going to want to manage, but you really want 1000 doors?” Jason: [...] ridiculously low, that you can get a lot of doors really quickly. Mark: And that’s what a friend of mine did. He’s in the area of the state that I wouldn’t go to for love or money, and it’s terrible. I feel bad for him because I see him, watching him get into a leaky lifeboat in shark-infested waters, and I’m just like, “Oh, my God.” And he’s a good dude. He grew overnight from zero to, I don’t even know he’s pumping maybe 150–200 now, but they’re units that I wouldn’t take for any amount. I literally go, “Well, the rent amount isn’t enough to cover my management fees,” because they still wouldn’t be enough. Jason: Ultimately, people really need to ask themselves the question, “What do you really want? What do I really want out of the business?” If it’s an ego goal, great, but maybe what you really want is usually some lifestyle or maybe you want to have some amount of time, you want to spend time with your kids. What do you really want? And maybe you can create that and have that without having 1000 doors or without it having to look a certain way that you may have thought. [...] really matter? Why [...] matter? Mark: Right. It’s really not about door count as much as people want to focus on that now to a certain degree. It depends on your business structure. Again, investors are a little bit different than property managers. In my case, we do a lot of our own maintenance. We have an in-house maintenance department. A significant amount of revenues come in from that. Having more doors enables us to have more opportunities to maintenance. So in that particular case, it does really matter, but we still want to manage higher-end properties. We don’t do a lot of low-end stuff anymore just because of the amount of banging your head against around. It just increases exponentially when you get a certain lower market. It’s just not a market that we want to court anymore. We got out of that probably maybe six years ago and never looked back. The level of drama that has decreased in my life has just been exponential. Not saying that’s bad. There’s other people who want to court that market and do well in that market. That’s certainly fine if that’s a strategy that’s working for you. I’m not telling you about to change it. But for me, I would really invite you to really focus on not even so much as a revenue goal, because then the revenue goal, it’s funny because people go, “Well, yeah. I would like to have $50,000 a month coming in free cash flow, Mike.” And then, I go back to my normal argument and go, “Well, okay. So you want $50,000 a month coming in. $49,990 won’t do it?” So, you have to tie it to a life output goal. That’s why I say to them, “What is this even about? What are you trying to accomplish?” When they say, “Well, okay. What I’m really trying to do,” and usually it’s after they start to fight back some tears, “honestly I just want to spend more time with my kids.” “Okay, does more time mean?” “Honestly, I would love to be able to homeschool them.” “Awesome. Now we’re getting to a vision that really frigging matters. Not some nebulous 1000 doors, or $50,000 a month, or whatever it is. That’s what you want and we can tie a number to that. We can tie a revenue number to that.” Or, “I want to move my aging mother into a house that’s just close by.” “Okay, what’s it going to take to buy your mom a house? Do you even need to buy it? Can you rent one? The next 10 years, your mom’s 80 now. Is she going to live another 10 years or you can budget 10 years worth of rent payments for that sort of thing?” Whatever that is, you can actually get a quantifiable life output goal that’s tied to that and that’s really what vision really needs to be. It needs to come from the limbic system of our brain. The problem with the limbic system is it doesn’t have a capacity for language. It can’t explain why you love your wife. It can’t explain why you love your grandmother. We come up with platitudes like, “Well, she bakes me cookies,” but that’s a thing. You just say, “I don’t know. It’s just the way she makes me feel,” and you get teary-eyed. That’s the limbic system activating your brain and that’s how when you get to that point of your vision and you start to think that way, feel that when you get the goose bumps on your on your arms, that’s when you’re close. And that’s when you know you’re starting to get to a vision that really, really matters. Jason: I like it. I like it a lot. You touched on a couple things. Some of the concepts that I share is the cycle suck. It’s like if you take on bad owners, you’ll have bad tenants or bad properties. If you have bad properties, you get bad tenants. If you get bad tenants, then you all have a bad reputation, and then you’ll attract more bad owners. By taking up on the crappy properties, you end up caught in property management hell, the cycle of suck. Another concept that resonates with what you’re talking about that I the shares the four Ds to revenue. It’s not just about doors. The four Ds, the first one could be doors, but the next one is how many deals. Deals is usually what I share first. You get number of deals you get in, how many doors per deal? It’s not just about the doors. One deal being worth one door, that’s the ratio, then you don’t have as much leverage. It’s not as easy, but if on average your deals have two doors, you double your revenue. It’s these four numbers that multiply. Then, you’ve got duration. How long can you keep the door on? A 1-year accidental investor versus a 10-year buy and hold, in your property management business there’s 10 times difference. That’s pretty significant. Then, there’s dollars. It’s just what your fee structure is like. Are your fees good? It’s not just about doors. There’s all these other variables that can create that. I love shifting it towards the life goal because the life goal is what really matters. I would imagine you found this with coaching clients. Sometimes the life goal and all the stuff they had trumped up in their mind, or built up, or that they felt they needed in order to have the life that they want, sometimes you can just jump right to life goal. You can just create that like, “I want to spend an extra hour with my kids.” “Okay, block out an extra hour,” and they’re like, “Oh, I didn’t think I could do that.” Sometimes it’s really that simple. We can just jump right to the life goal and the business will still be there and it will still function. Mark: Yup, that is true. One of the things I talk about in The Time-Wealthy Investor 2.0 is really about making that decision. A buddy of mine who’s got multiple units is just nauseatingly wealthy in terms of real estate. He’s a great guy and said to me, “You know? I read your book the other day.” He’s a guy who doesn’t read and he’s such a snarky friend. His name is Randy and he says, “I would never admit this to your face, but I feel I have to,” he goes, “I really got a lot out of that book.” I was like, “Okay. What’s the punchline?” He’s like, “No, there’s really no punchline. I feel I am time-wealthy,” he goes, “and funny, I could probably retire based on the life output that I want to define right now.” He’s like, “Really, time-wealth is really more of a decision that it is a destination.” I was like, “Yeah, it really is because right now I have all the time-weath that I want. I work about maybe two hours a week. Sometimes I’m working more, like right now, I’m pitching in more in the office just because we’re down a person,” but it gets me re-engage in the business and it makes me go, “Hey guys, why are we doing it this way?” and then they go, “Oh, because this this and this.” I’m like, “Okay, cool,” and I let them define the process. If they’re the ones that normally work the process, my job is really to come in, look and see what maybe needs tinkering with, maybe new or adjusting, giving them coaching, that’s the sort of thing. Working 2 hours a week, sometimes 4–5 hours a month in the property management business, but I have all this time-wealth to do other things like coaching, writing books, and things that I really, really enjoy. It really is just a decision. When you hire good people, you bring them in, you set up a solid infrastructure for your business, set up solid processes, and you let them run it. Stay the hell out of the way. When I’m coaching property managers, that’s where I see a lot of problems. They don’t have an established vision for themselves, they don’t have proper infrastructure, they’re trying to run on really lean infrastructure or none at all, so the process has to pick it up. What I’m talking about infrastructure, say property management software, or website, or things like that, when you have a weak infrastructure, it has to be picked up by a stronger process, which means people. A person has to pick up that extra process. Let’s just go from the really sublime to ridiculous level. Say you don’t have property management software. You’re running everything on Excel spreadsheets. That’s the extreme, but there are property managers out there doing that, so that means they have to have a lot of people managing that poor infrastructure. Here’s the thing. Here’s the one thing I hear all the time is that, “Oh, my property manager doesn’t communicate. They don’t communicate with me. They don’t tell me.” When you have bad communication, that is a symptom of the problem, not the problem. Let me say that again. When you have bad communication, that’s a symptom of the problem, not the problem. The problem is you have bad infrastructure, you have bad process. That’s where communication issues are going to show up. Let’s just use a very obscure example. We’ve all been to a restaurant where you had bad service. You’re sitting down and you can see that that waiter has nine tables and that waiter has one table. You’re trying to communicate to someone to take your order. You can see the problem because you’re sitting on the outside. You can see the problem, but you’re going, “Well, that waiter’s got nine tables, that one’s got one. Why isn’t the manager stepping in?” Bad process. “Why does that person have nine tables?” That’s bad infrastructure. That never should have happened that way. That’s just one very obscure example. Let me use another quick example here real fast. Have you ever walked up to a McDonald’s at a truck stop, where there’s basically four cashiers ready to take your order. You walk up, you look left and right, and everybody’s standing back away from the registers. the customers. You’re trying to figure out who’s next in line. You’re like, “Can I go? Are you next?” Because there’s no infrastructure, the customers have to decide who’s next in line. What’s a simple piece of infrastructure that you could put in place to manage that? Well, a simple queue, a simple rope line. That’s a piece of infrastructure that you could put in place that would manage the customer flow. Then, you don’t have to worry about that. Another example would be a bad process. Let’s pretend you go back to the same McDonald’s. This time it’s really busy and the customers are four and five deep at each line at each of the four registers. This time what ends up happening is you get a manager that opens the fifth register and says, “I can help the next person.” Then, you get somebody who goes from the bend of one line and then jumps in front of everybody else. Now you just base and created a brawl. It’s this mad rush towards this fifth line. That’s a process problem. What should have happened is, “Hey, I’m the assistant manager. I’m going to have you open that line over there but I’m going to direct some people over there. I’m going to go out to the crowd and direct some people over there first before you say anything.” Then you can manage the process. That’s process. That’s a broken process when they do it the other way. That’s why I’m saying infrastructure and process shows up in bad communication all the time. This means they’re not communicating work orders when they come in. They’re not communicating when a resident doesn’t pay rent. Owners need to know that. They need to know if they’re expecting the revenue to come in on a certain month and they don’t get communicated that. “Oh, by the way, the resident never paid rent,” and, “Oh, yeah. By the way, we’re going to go ahead and evict them.” They need to know these things and when you don’t have an infrastructure or a process in place to let them know that, that’s when communication falls. That’s when the bad communication issue show up. Jason: Yeah, it’s interesting. It’s really tempting for entrepreneurs to start blaming their team. This is like early entrepreneurs that they’re transitioning away from being a solopreneur, that having a team, they usually build the team around them as if they’re just the solopreneur still, and they try to micromanage them. They’re always complaining about the communication. They’re always complaining about people not doing things, “Why can’t they just do what I tell them?” and that sort of thing. I like what you’re saying is they have bad infrastructure and bad process. Things are not defined, there isn’t clarity, and that leads to challenges in communication. [...] built into the process. They can be part of the process. [...] you need the right tools to facilitate communication. I run a virtual company. If we didn’t have the tools that facilitate communication, there wouldn’t be any. We’re in different states, some of us different countries. Mark: That’s exactly right and they need to think about their business, about the product that they produce. I used somewhat as a nebulous example, but the product that they need to produce should be consistency. That’s the product that they need to be shooting for. When consistency is your product, the only competitor you’re going to have a sloppiness. When consistency is your product, sloppiness is your only competition. That’s the thing that is really hard for me to convey to lots of managers because we’ve got all sorts of products. We sell properties. We buy properties. We do all these different things. I don’t care what you’re doing. I don’t care if you’re making razor blades. You need to have a consistent product and I will not allow us to do anything in the business unless we can do it consistently. If they come to me and say, “Hey, you know what we should do? We should send out birthday cards to all of our residents.” “Okay, great. How are you going to do that consistently? And you need to tell me. Who’s going to manage it? Who’s going to do it? What’s the negative feedback loop if that doesn’t happen?” Let me talk about negative feedback loop for second. You put something in place, it’s like I send you an email expecting you to do something. What’s the negative feedback loop I’m going to put in place if that doesn’t happen? I’m not talking a negative feedback loop like someone complains, which is often what happens if something doesn’t get done. You go, “Oh, man. I don’t know. I sent that email off two weeks ago. I forgot about it. I just assume that they would do it.” What’s the negative feedback that you’re going to put in place to make sure it actually gets done? Are you going to list that [...]? Are you going to put a task? Are you’re going to put something in some task management software? What’s the negative feedback loop that you’re going to have to make sure that stuff gets done? That’s all part of process. Let me just boil this down into an example because I keep saying vision, infrastructure, and process. Think of vision as your map. Infrastructure would be the train tracks, and then the process should be the train that runs on those tracks that all stays in alignment with your vision for the future. Now, for property managers, they’re saying, “Well, why would my employees care about my vision?” They’re not going to care about your vision. They’re only going to work so hard, but they’re not going to work that hard to put a boat in your driveway, or a pool in your backyard. This is an extra step to goes in with property managers is once you have that vision for your future, then you go into developing core values for your business. The core values are just the things that you value. You may value justice, You may value efficiency, you may value lots of different things that are core to you, but now you get to identify what those things are and that becomes your compass for all decisions that you’re making. Once you have those core values defined, if you’re making improvement, you say, “Okay, is this in line with my core values?” If I’m going to make a hiring decision or a firing decision, are they acting in line with my core values? When I do my employee evaluations, I’m going to say, “Hey, when you did this, this was really in alignment with our core values and I really like what you did,” or, “Hey, when you did this, I was really upset because it wasn’t in line with our core values. I’m [...] say you. I’m just upset that your behavior because this isn’t in alignment with our core values.” One of the things I’ll coach them through, some are three, four, five, no more than six. A lot of people sometimes want to get, “Oh, we value all the stuff,” but usually it’s something that’s inherent to them as an individual and they value these things. They value justice, they value equity, they value fairness, and they can value profitability. There’s nothing wrong with that. It doesn’t mean you’re a bad person because we all need profits to grow, get better, and be a better company. Once you get those core values defined, then it’s easier to put infrastructure and process improvements in place. The infrastructure of the things I’m talking about there are websites, software, even the desks and chairs in your office. The process pieces are really about how you operate. It’s the rules of how much you operate, it’s your SRP, it’s your FAQs. Those things that really helped define how things are done in your office based on it that infrastructure that you have in place. Jason: A lot of alignment between what you’re doing and what I do with clients as well. I mean, 3–4 core values for their business, you’re helping them figure out their purpose, their why as a business owner. These things sound like woo woo and fluff to a lot of people until they implement them. Then, they’re usually pretty astounded because, like I tell my clients, “You’re the sun at the center of the solar system. If you don’t like what’s going on inside the solar system, you change the sun, everything changes.” Usually as business owners, we try to externalize everything and tackle everything farthest away from ourselves. If we work on ourselves. everything changes by default. Mark: That’s so good. I love that. That is so true. Jason: So, we talked about vision, we talked about the infrastructure, we talked about the process. Is there anything else that you want to touch on while we’re hanging out here? Mark: Yeah. I see a lot of people out there that are just working themselves. They’ve created a job for themselves and they’re not ever trying to transition themselves out. They think that there’s no end in sight. Jason: They’ve succumbed. They [...] to their fate. Mark: Yeah. I’m not saying I’m the coach for everybody and you would probably say the same thing, that you’re not the coach for everybody, but for God’s sake, get a coach. Get somebody that can help you get to where you want to go so much faster. Yeah, it’s great being your own boss because you didn’t want to be held accountable to anybody. But now you’re not accountable to anybody, know your life sucks. It didn’t turn out the way you want it. If you’re living the dream, your life is great, and you have everything that you want, that’s great. I don’t know that I can help you get much better, but get somebody to help you. We talked earlier about each of us having coaches. I spend a lot of money each month on coaches to help me in areas where I have blind spots and just to challenge me, just to say, “Hey, Mark. You said you were going to do XYZ by a certain period of time. That’s not done, so now what?” They already know how they’re going to hold me accountable and I pay a fair sum to these people, so it hurts when I show up. I know I’m going to be ready when the bell rings. It’s not about paying them the money just for the sake of paying them the money so that they can call and yell at me. They are a softer touch, but the thing is, I want to make sure that I’m being held accountable because we don’t have anybody that’s holding us accountable. That’s the danger of being an entrepreneur. I would really encourage people to look at that. It doesn’t necessarily need to be real estate-focused although it probably would make more sense. I have one that helps me in sales. I have one that helps me in marketing. I have one that helps me as a national speaker. I go and I speak at a lot of different places, so I have one that help coach me in that. And of course different masterminds of things like. I would really, highly encourage people that if they are looking or just flirting with the idea, get somebody. I am going to say this. The difference between a coach and a mentor, I would say a mentor is probably someone that you’re not paying, probably a friend. They are not going to hold you accountable to the level that you need. I say that this is someone you need to pay, it needs to hurt a little bit, and you need to have some skin in the game. You really need to be committed and you really need to be paying somebody to do that. Like I said, it doesn’t need to be me, it doesn’t need to be you. I’m just saying it’s someone they knew paying someone. Jason: Yeah. There’s some magic I’ve noticed, just psychologically, that happens in shifts inside of my clients or that shifts inside of myself when I am paying a coach and I’m investing in myself. It just shifts psychologically how we value ourselves and energetically it allows us to convince others to invest in us as well. It’s a hard sell to go out even as a property management business owner and if you’re doing the sales in your company, you’re the BDM and say, “Hey, you should spend money with us. You should invest. You should have us manage your rental property,” but I don’t even invest in myself. I don’t care enough about myself or my business to invest in that. I’m just trying to make money, then you’re going to ask others to invest in you. Psychologically, when you invest in yourself, I’ve noticed revenue goes up for me, lifestyle shifts. There’s something that happens energetically and psychologically when you are subconsciously investing in yourself. It shifts things. I love what you’re saying, everybody really deserves to have a coach, they deserve to be working with consultants, they deserve to have people above them. If you’re at the top of the org chart, there’s a problem. There’s a problem because everybody below in the org chart is hopefully being fed, getting some input, growing, and evolving, but if you’re at the top of the org chart and there’s nobody above you, it’s a scary place to be. [...] The Emperor With No Clothes, unless you get some input, unless you get somebody that you can place above you in that org chart like a coach, or mentor, or something that will feed you. Mark: I look at it exactly the way you’re looking at it except I flip your chart upside down. I look at those people as the direct supports for everybody above them because they’re carrying the weight of everybody above them. If you get somebody that’s not doing what they’re supposed to be doing—they’re coming in late, they’re wiggling around at the top, and you’re trying the keep the org chart balanced—it’s tough. Maybe it’s so far up that you can’t see what’s going on up there, but you have a coach that can stand back and go, “Yeah, that guy’s playing Galaga on his computer and you don’t even see it,” because you don’t want to see it or you just can’t see it. That’s where it gets tricky and a lot of times, you get too close to the problem and you can’t see it. It’s like you sitting back watching the waiter who’s got nine tables. You can see the problem instantly. Jason: [...] you can’t sometimes. They’re too close to the fire, they’re dealing with what they’re dealing with right at that moment, that’s us as entrepreneurs all the time. I can’t tell you how many times I’ve had a coach, I’ve sat down with coach or talk to one of my coaches and said, “Hey, here’s what I’m dealing with,” and they point, they say something to me, and I feel really stupid, then I say back to them, “That’s exactly what I would’ve told one of my clients.” We’re just too close to the fire. We don’t have somebody outside of ourselves because we are the one that created the problem. We’re at the helm. We are the problem. We are the biggest bottleneck in our company. We are the one holding everything back. We’re the one preventing growth. Us trying to solve the problem on our own is like trying to look at the back of our own head. Mark: Yeah. It’s like trying to put sunscreen on your own back and that’s the thing. If you don’t see yourself as part of the problem, you cannot see yourself as part of the solution. A lot of times when it’s educating them to say, “Look, your company has a very real culture problem. That one is not respectful, that one is treating customers anyway that they want. As a result, they’re treating each other very poorly and blah-blah-blah.” That’s because when you got ill-defined core values, you’re going to run into that. You’re going to run into culture problems. There’s a client that I really didn’t feel like I could help him as much as I wanted to, but he had a real culture problem is at his office. He didn’t really see it until he started letting some people go that were really some of the major problems. He had a live event that we don’t work together anymore, but I’d love to get him back on just to say, “Hey, how are you doing? How did things evolve for you in terms of getting those core values more well-defined?” and really start holding people accountable to them. One of the things that I do is we have an 8:07 meeting every day. The reason it’s 8:07 is people are rarely late to a meeting that’s got an oddball time to it. They always get there early. There’s not much I don’t do without purpose, but every meeting, we pick one of our five core values and we review it. They’re hearing these core values every single day. That way at their 90-day evaluation, guess what they get to roll over again? Guess what they’re hearing again? Our core values. They’re getting graded against those core values. It’s not just a shock like, “Oh, yeah. Okay, yeah. I never heard that core value before.” These are things that need to be repeated over and over. Jason: Yeah. I think we run our businesses probably somewhat similar [...]. Everything gravitates towards truth. We do our daily huddle at 8:45 every morning. I always have appointments starting at 9:00, so it has to be short and that allows our team to see each other because we’re virtual, but yeah, it’s an oddball time which does work, to make sure people show up. Mark: Absolutely. Jason: Cool. Mark, it’s really great to connect with you, to get [...]. How can people get in touch with you? Now, I want to point out like we were talking before the show, your area of genius, what you really can help probably our listeners with, is on the delivery, the fulfillment side, building out this portion of their business where they may be struggling, especially those that are graduating maybe from solopreneur to trying to build a team. That’s where they’re getting the systems and processes. They’re not the guy doing every single thing or the gal doing every single thing anymore and that’s a painful transition. How can people get in touch with the Mark and Landlord Coach? Mark: My website’s landlordcoach.com. I’m on Facebook @mylandlordcoach. You can find me easily. You can see the moniker in the back. I think where you and I differ is that I helped create capacity in the world. I helped create white space on our calendar. What they do with that white space is up to them. If they want to use that white space to grow their company from 300 doors to 800 doors, that’s fine. I don’t help them with the growth side. I just help them create capacity on their calendar, help create white space, so they can do whatever they want. Now, some people go, “Yeah. I’m happy with the white space and I’m making enough money now and I’ve gotten time on my calendar. I’m cool. I got everything I want.” Some people get to that point in their like, “No, we’re ready to grow.” I’m not the growth guy. It’s not what I do. I’m not from that piece of it. I [...] turn it over to someone you and say, “Now that you got this increased capacity, that’s the person that’s going to help you take your business from 1000 doors to 2000 or whatever.” That that’s not what I do. What I do is I help them create capacity on the calendar. To that aspect I just want to make sure I delineate myself there because I do work with a lot of individual investors. I also work with property managers and just helping them get their life back. That’s one of the biggest things that I do. Jason: Love it. Mark, I appreciate you being on the show. Thanks for being here. Mark: This has been great. Thanks so much and my best wishes to all your listeners. Jason: Thank you. All right, we’ll let Mark go. If you enjoyed the show, be sure to like and subscribe on whichever channel we’re on. We’re on YouTube, we are no iTunes, and make sure that you subscribe to our email newsletter. If you are property management entrepreneur that’s wanting to grow your business, add doors, and increase your revenue, then please reach out to us over at DoorGrow. We’d be happy to have a conversation and see if you are a good fit for what we might be able to do for you. Of course, check out Mark and his business over at Landlord Coach. That’s it for today. Until next time, to our mutual growth, everyone. Bye. You just listened to the DoorGrow Show. We are building a community of the savviest property management entrepreneurs on the planet, in the DoorGrow Club. Join your fellow DoorGrow hackers at doorgrowclub.com. Listen, everyone is doing the same stuff. SEO, PPC, pay-per-lead, content, social, direct mail, and they still struggle to grow. At DoorGrow, we solve your biggest challenge getting deals and growing your business. Find out more at doorgrow.com. Find any show notes or links from today’s episode on our blog at doorgrow.com. To get notified of future events and news, subscribe to our newsletter at doorgrow.com/subscribe. Until next time, take what you learn and start DoorGrow hacking your business and your life.

7RREI #64 - Sextants, Time Wealth, and the Right Way to Vet Property Managers...with Mark Dolfini

7 Rules For Real Estate Investing with Nick Raithel

Play Episode Listen Later Jul 23, 2019 74:09

How do you define being "Wealthy"? If your definition ONLY involves money, you're missing a MAJOR aspect of wealth. That aspect would be TIME. In this episode, our guest (Mark Dolfini) explains what it means to be Time-Wealthy, and how to attain time wealth - as opposed to just monetary wealth. Plus, Mark also provides some eye-opening tips on how you can vet property management companies. For those tips, time wealth, and even an unexpected tangent about Sextants - click "Play" in iTunes now!

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Opportunity Zones

Real Estate Investor Huddle

Play Episode Listen Later Jun 12, 2019 60:01

FAR 256 Opening: Today we are talking about Opportunity Zones. You may have heard about them. You might have even heard they are the next BIG thing in real estate investing. They represent a tax break for real estate investors as an incentive to bring economic development to underserved areas. I had a chance to speak with Jillian Sidoti and Nancy Tegeder of the law firm of Trowbridge and Sidoti out of southern California. How to contact us www.RogerBlankenship.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question. Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. Announcements: Lunch with me every Wednesday. Baraonda My latest article in Forbes is out. bit.ly/findredeals. The FAN is here! Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That’s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy. Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. News: Opportunity Zones Ram Realty CEO isn’t buying into Opportunity zones, says “Anyone who has [Opportunity Zone properties] for development thinks they’re sitting on gold, but if you are trying to underwrite and make sense of the project with today’s rents and costs, it’s very challenging for these areas” https://therealdeal.com/miami/2019/05/10/ram-realty-ceo-isnt-buying-into-opportunity-zones/ Fund sponsors and their investors began buying assets in Opportunity Zones en masse this past month, their enthusiasm triggered by the U.S. Treasury's mid-April release of a second tranche of proposed regulations for the tax-sheltering vehicles. https://financialadvisoriq.com/c/2285063/278413 U.S. Opportunity zones are incredible tax savings zone for Entrepreneurs. https://www.forbes.com/sites/theyec/2019/03/25/u-s-opportunity-zones-incredible-tax-savings-for-entrepreneurs/#42d78b9f5e6a The U.S. Department of the Treasury and the Internal Revenue Service (IRS) designated Opportunity Zones in 18 States. https://home.treasury.gov/news/press-releases/sm0341 Top 10 opportunity zones in the US https://fundrise.com/education/blog-posts/the-top-10-opportunity-zones-in-the-united-states Facts about Opportunity zones https://taxfoundation.org/opportunity-zones-what-we-know-and-what-we-dont/ The Opportunity zone program in New York State https://esd.ny.gov/opportunity-zones Trump’s Opportunity zone rules deliver on investors’ wish list https://www.bloomberg.com/news/articles/2019-04-17/opportunity-zone-rules-aim-to-draw-capital-to-distressed-areas Treasury issues second set of highly anticipated opportunity zones guidance https://home.treasury.gov/news/press-releases/sm660 In a former warehouse on a dimly lit street in the South Bronx, developers sipping Puerto Rican moonshine listened as a local official urged them to capture a new U.S. tax break by rebuilding the decaying neighborhood. https://www.investmentnews.com/article/20190115/FREE/190119959/fervor-over-opportunity-zones-heats-up The U.S. Department of the Treasury and Internal Revenue Service (IRS) approved Michigan’s application for Opportunity Zones -- areas eligible for tax benefits aimed at spurring private investment, economic growth and jobs in the state’s distressed communities. https://www.michigan.gov/mshda/0,4641,7-141-7559_9637-465897--,00.html Ben Carson explains benefits of investing in 'Opportunity Zones' for areas facing economic challenges https://www.foxnews.com/politics/ben-carson-opportunity-zones-low-income-americans c EXTRAS Opportunity zones resource center https://www.novoco.com/resource-centers/opportunity-zones-resource-center Opportunity zones map tool https://www.enterprisecommunity.org/resources/opportunity-zone-eligibility-map-tool The Real Estate Opportunity Zone Meeting https://www.rclco.com/event/the-real-estate-opportunity-zone-meeting/ Speaker: Eric Willett Email: ewillett@rclco.com Phone: 310-752-9032 Special Guest: Your Questions: Send emails to questions@rogerblankenship.com Carlton, Chicago, IL “I’m getting back into investing and thinking about Atlanta. What are the opportunities I should be considering there?” Tracy, Senoia, GA “I’m interested in reserving my ZIP code on the FAN. Is it $100 for every ZIP code?” Comment Line calls and Questions Call 404-369-1018, press 1 and leave your message! Motivational Thoughts for the day “There is no amount of money that makes time irrelevant.” -Mark Dolfini

How to Stop Your Business From Turning into a Full-time Job w/Mark Dolfini

Play Episode Listen Later Jun 7, 2019 35:27

One of the biggest issues in real estate entrepreneurship is that most of us end up turning it into a full-time job, despite getting into the business for passive income and freedom. How do we stop this from happening? Why is it so necessary to have a plan in place? On this episode, author of The Time-Wealthy Investor, Mark Dolfini, shares why time is the most precious resource we have, and how to give ourselves more of it. 3 Things We Learned Having a good work ethic doesn’t mean you need to do all the work Don’t fall into the trap of thinking you need to be constantly working. Putting in more hours than you’re able to does more than waste your time: it can have a devastating effect on your physical health. Make sure you’re taking time for yourself to recover. It’s not a luxury, it’s a necessity. Find a coach Coaching is key. Think of your business as you would a family member- you know you love them, but may not be able to express why. You need an outside perspective; someone who can help you find out why you feel a certain way about your business. Doing this will strengthen your commitment. Vision is vital Having a vision for your business and your future is crucial. Without a roadmap, you’re not going to get anywhere. Make sure you know where you’re going, and have a plan for how to get there. By having a vision, you’ll also find it easier to manage your time. When you care deeply about your business, it’s normal to want to put a lot of work into it. However, remember that your life revolves around more than your source of income. Make sure you’re setting aside time for yourself to focus on what truly matters to you. Understand why you love your business, but also be conscious of the fact that time is finite. It’s not enough to be financially wealthy: you need to be time-wealthy to be truly free.

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1177: Self-Management, Pooled Assets, Need for Scaleability & Time-Wealthy Investor by Mark Dolfini

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Apr 22, 2019 36:30

Jason Hartman and Adam start today's episode answering a listener's question about whether it's better to invest in a single-family home or to look at larger, pooled assets like a 16+ door multifamily. Jason reminds everyone about Commandment #3, which is especially critical in decisions like these. Then Jason talks with Mark Dolfini, Landlord Coach and author of The Time Wealthy-Investor, about best practices for self-managing your properties. Mark discusses the importance of treating your investments as a business and how to create a healthy distance between yourself and your tenants. Key Takeaways: [7:05] Single family homes tend to get better tenants, appreciate better, get better financing options and several other perks over multifamily [10:14] The risks of investing in pooled assets. Don't violate Commandment #3! [12:20] RV ratios for apartments will be higher because of shared walls, but don't let that be your determining factors between the 2. Mark Dolfini Interview: [14:53] You have to think of your real estate investments as a business [17:34] A simple tweak to keep from giving your cell phone number to your tenants [22:33] Whatever you're doing, it has to be scaleable [28:07] The software Mark likes to use Website: www.LandlordCoach.com www.NTNOnline.com www.IVAA.org www.CCMyAdmin.com

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1177: Self-Management, Pooled Assets & Time-Wealthy Investor

Creating Wealth Real Estate Investing & Income Property

Play Episode Listen Later Apr 22, 2019 37:00

Jason Hartman and Adam start today's episode answering a listener's question about whether it's better to invest in a single-family home or to look at larger, pooled assets like a 16+ door multifamily. Jason reminds everyone about Commandment #3, which is especially critical in decisions like these. Then Jason talks with Mark Dolfini, Landlord Coach and author of The Time Wealthy-Investor, about best practices for self-managing your properties. Mark discusses the importance of treating your investments as a business and how to create a healthy distance between yourself and your tenants. Key Takeaways: [7:05] Single family homes tend to get better tenants, appreciate better, get better financing options and several other perks over multifamily [10:14] The risks of investing in pooled assets. Don't violate Commandment #3! [12:20] RV ratios for apartments will be higher because of shared walls, but don't let that be your determining factors between the 2. Mark Dolfini Interview: [14:53] You have to think of your real estate investments as a business [17:34] A simple tweak to keep from giving your cell phone number to your tenants [22:33] Whatever you're doing, it has to be scaleable [28:07] The software Mark likes to use Website: www.LandlordCoach.com www.NTNOnline.com www.IVAA.org www.CCMyAdmin.com

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Rebuilding After Losing $4.5 Million in Real Estate With a Clear Vision with Mark Dolfini

Purchase to Profits - Real Estate Investing Podcast

Play Episode Listen Later Apr 1, 2019 29:30

Imagine building a real estate portfolio, losing most of it ($4.5 million!!!) then rebuilding stronger than ever. In this interview, Mark Dolfini shares how vision and clear goals helped him rebound and build a successful real estate investing business. Connect with Mark Dolfini: http://www.LandlordCoach.com https://landlordcoach.com/ptp/ Connect with Seth Ferguson: http://www.SethFerguson.org http://www.ALBACapitalGroup.com

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Mark Dolfini. The VIP Process