JF1377: 3 Ways To Rapidly Grow Your Real Estate Business #SkillSetSunday with Matthew Pollard

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Matthew has helped countless companies go from struggling to thriving. Today he tells us different methods and strategies for growing any business. Of course for our show, we’re focused on real estate investing businesses mostly. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

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Matthew Pollard Real Estate Background:

  • Founder and Executive Director of Small Business Festival, ranked the #3 business conference by Inc.
  • His methods have transformed more than 3500 struggling businesses into profitable successes
  • Author of The Introvert’s Edge
  • Known as “The Rapid Growth Guy,” dedicated to helping small business owners
  • Featured in Fortune, INC., Entrepreneur, and CEO Magazine, and is a regular TV, radio, and podcast guest
  • Based in Chapel Hill, North Carolina
  • Say hi to him at https://matthewpollard.com/

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Joe Fairless: Best Ever listeners, how are you doing? Welcome to the best real estate investing advice ever show. I'm Joe Fairless, and this is the world's longest-running daily real estate investing podcast. We only talk about the best advice ever, we don't get into any of that fluffy stuff.
With us today, Matthew Pollard. How are you doing, Matthew?
Matthew Pollard: I'm doing great, mate. Thank you for having me on. The longest-running podcast, congratulations!
Joe Fairless: Yeah, I appreciate that. Over 1,300 episodes, every single day for the last 1,300+ days. A little bit about Matthew - he is known as someone who can create rapid growth for your business. He has done the same thing for his businesses. He's responsible for five multi-million-dollar businesses. He's also the author of The Introvert's Edge, which can be found on Audible, as well as Amazon... And he's gonna be talking to us about three ways to rapidly grow our businesses.
As real estate investors, we are certainly entrepreneurs who are looking to grow our businesses. And because we are having our conversation on a Sunday, this is a special segment of the show, Skillset Sunday. The skill that you're gonna come away with from our conversation is how to rapidly grow our entrepreneurial businesses, which happen to be in real estate. Matthew, what's the best approach for our conversation?
Matthew Pollard: Yeah, sure. In regards to starting this conversation, I think the best way to look at this is really two-fold. People that are in investment in real estate - there are two ways that we generally monetize that, right? If we're just getting started, having our own business is the best way to create the revenue that we need or the capital that we need to create a real estate portfolio. Then we need to be able to market our real estate portfolio. So I think we can really take it in two different angles at the same time, which is regardless of which business we're in, how do we rapidly grow our business? What I always look at is most business owners generally have really strong functional skills, but what they generally lack is having that strong differentiated message that separates them from everyone else, an understanding of who their niche is, who their ideal customer is - that guy/girl that's going to rally to their cause, and then a sales system that actually works.
Joe Fairless: Yeah, it makes sense... So a unique value proposition, know who your customer is, and then have a sales system that works.
Matthew Pollard: Exactly right.
Joe Fairless: Okay, I like it. So before we dive into each of these three, tell us a little bit more about your track record and what you've done, just to set the stage for your accomplishments, so that we can then learn a little bit more about who is talking to us about how to grow our business.
Matthew Pollard: Yeah, sure. I think the best way to do that is not just to talk about what I've achieved, but really where I've come from. A lot of people that see me speak - I'm speaking at Microsoft Inspire in July, I'm a featured speaker, 18,000 people in the audience that will be seeing me speak from the stage and they're gonna go "That guy is an extrovert. That guy has just got that natural gift of the gift of the gab" It's actually not true.
When I was in late high school I had a reading speed of a sixth grader, I was horribly introverted, I had no idea what I wanted to do with my life, and I really took a job at a real estate agency to be in the back-office of that agency for about a year... So not to be the person out selling, but the guy in the back doing the data entry, trying to find myself for a year.
School - I got in the top 20% of my state, but it was really difficult. It took every bit of energy I had to succeed, and I just wanted that year off to really figure out what I was wanting to do. About three weeks into that job, my boss comes up to me and says "I've got some really bad news. Our company is being shut down and you're out of a job." This was three weeks that I'd been working there, and it was just before Christmas, and unlike the United States who go on Christmas, and they have Thanksgiving, and it's winter time, it's our Christmas and our summer break at the same time. People go on holidays from the 20th of December to the 15th or 20th of January.
So the only job I could really get at the time - because no one's hiring at that time - was commission-only sales. I don't care -- my manager used to say "We throw mud off against the wall and we see what sticks." That sounds great, until you realize you're the mud, right?
Joe Fairless: Right.
Matthew Pollard: So my manager put me into training, and five days of product training I got, and not a single second of sales training, and I got thrown on this road which is really over 1,000 retail stores on both sides. I got told to go and sell.
I went to walk into the first door, and I had that realization that no one really taught me how to sell. So I took a deep breath, I walked in, and I was politely told to leave, and very shortly after that, I was less politely told to get a real job, and then I was sworn at.
93 doors of that it took me to get my first sale. I remember I was ecstatic, really. I made my first sale, I made about $70, and I was ecstatic for about 45 seconds really, until I had that realization "I'm gonna do this again tomorrow, the next day, and every day for the rest of the year." That just really wasn't okay. I needed to find another way, but I had a reading speed of a sixth grader, so I couldn't exactly pick up a Brian Tracy or Zig Ziglar book.
So what I did gravitate to was -- YouTube was just becoming popular at that time, and it might surprise people to know that there's more there than just cat videos, right? So I learned the steps of the sale, I learned the system of the sale, and every day I went out and practiced that. And I went from 93 doors, to 72, to 48, to 12, to 3 within the space of about six weeks.
My manager called me in and he actually said "I'm actually blown away by this... I just got our monthly report and you're the number one salesperson in the company", which just happened to be the largest sales and marketing company in the Southern hemisphere; thousands of salespeople. It took about six weeks...
Fast-forward a few more years - I was promoted seven times, I went into business for myself about a year later. Three years later we were the number one brokership for business-to-business cell phones in the country. It turned over 4.2 million dollars in year three, and fast-forward a few more years, I've been responsible for five multi-million-dollar success stories before my 30th birthday.
Then I went to the United States, wrote the Introvert's Edge, and I've been helping business owners ever since.
Joe Fairless: So the five multi-million-dollar businesses - are those five that you've founded, or are those five that you consulted on?
Matthew Pollard: Ones that I've founded. The first one was in telecommunications. Most people, I think, when they leave or go into business for themselves, they generally gravitate to the thing they've always known, and telecommunications was what I've always known, so that's what I've gravitated to.
From there I moved into electricity, and then I actually moved into coaching, and then into education, and then my commercial real estate has always been one of the other ones that I've really been able to be involved with.
Joe Fairless: Got it. And each of those five had revenue of over a million dollars?
Matthew Pollard: Correct.
Joe Fairless: With each of those five, do you currently own each of them still?
Matthew Pollard: No. I predominantly only focus now on commercial real estate and also my education business.
Joe Fairless: Okay. With the telecommunication and the electricity businesses - what happened to those two?
Matthew Pollard: With the education business we were following a government funding trend, so when the funding ran out, we slowly wound that down. In telecommunications we did pretty much the same thing.
Joe Fairless: Got it. So you rode the wave until the wave was no more, and then you said "We'll move on to something else."
Matthew Pollard: One of the things I specialize in is finding great ways to monetize specific markets for the right period of time.
Joe Fairless: What are some things you look for in order to do that? I know this is a general question, so if you wanna use one of these examples, feel free to do so.
Matthew Pollard: One of the things that I look for is an unmet need, or a currently unserviced niche in the marketplace, in a highly established, almost saturated market. What I mean by that is that when you're talking about a marketplace like telecommunications, one would assume that the market was pretty saturated; we were a market of 22 million people, and the marketplace was crazily saturated, except it was a whole market of small business owners where the market was just being moved off-shore for customer service, and these people were screaming out for additional support.
It's great to save money on your telecommunications, but if something goes wrong on your phone and there's no one there to support you, that's horrific, right? You're losing more money than you've saved. So what we did is we launched with an independent brokerage where you could really go with any company... But if you were focused on saving money but also wanted the service there, we would service you no matter which company you went with.
Education is another great example. When we were looking at the marketplace, there were really two marketplaces, right? There were groups of clients that were in the market to do post-graduate qualifications, that already had a degree, and those people were looking for more prestigious schools where they could leverage that qualification for a long period of time. Then you have the marketplace of people that were high school leavers, didn't get the grades that they were looking for, and they needed to go and do a qualification somewhere else to get the grades that they needed to get into the schools that they really wanted to get into.
Both of those markets are highly competitive and really tough, but what we discovered was that there was this whole market of tradespeople, and tradespeople really had an interest in track record... So they left school generally at about the age of 16. Most people in real estate would know this, in commercial investing especially. These people generally leave school at the age of 16, they're either highly entrepreneurial or they struggle with school, they go into an apprenticeship and they generally learn how to do what they do through sarcasm and aggression from their bosses, and then eventually they end up the best at what they can do.
They then look around and they're like, "Well, everyone else here is making the same sort of money as I am. Why would I bother with this?" I may as well go into business for myself. So then they do, and they start to get some clients, then they hire staff, and the staff aren't performing, and they're not great at managing stuff because they learned through sarcasm and aggression, so they do the same thing for that group of people that they've hired. So now they're not making money, their staff aren't performing, their systems and processes are horrible, their customers are upset... They need help, but they couldn't afford business coaching, which is the help they wanted... But they hated school. They have this view of "If you can't do, you teach."
So what they did is they were looking for an answer, and we launched business coaching at a price you can afford. What we did is we ran our classes like a mastermind. Business coaches ran the classes, and what we did find is at that time when we were researching the market, we were going through the global financial crisis and the government was incentivizing training. It wasn't free training, but it was incentivized by the government, so what we did was we launched into that marketplace with business coaching at a price you can afford, and we targeted business owners that worked on a trade site - plumbers, electricians, tailors, that sort of thing. We took on 3,500 clients within the space of three years.
Joe Fairless: That's a lot of people.
Matthew Pollard: It was a lot of people, it was a very busy time.
Joe Fairless: And it WAS a very busy time - you've just said past tense; why isn't it still a very busy time?
Matthew Pollard: Well, we focused on the trade demographic during that government funding burst.
Joe Fairless: Okay.
Matthew Pollard: One of the things that's important with business is to always be looking at the marketplace and how it's transforming, and as the market gets saturated, there are two ways to do it. One is you look for blue oceans in the current marketplace, with the current product and service you have, or you look for blue oceans in the marketplace for other products and services that are emerging. That's always been what I do.
So for me it's "How do I apply my sales and marketing skillset to different markets over time?" That is now one of the things that I specialize in. I consult and speak all over the world on how to create a unified message that resonates with your true why. Because one of the things that I've learned over time is I can create rapid growth out of anything, but there's nothing worse than a rapid growth company with customers you can't stand or a business you don't like working within.
Joe Fairless: Right.
Matthew Pollard: What I now do is -- in the past, I looked at marketing the way a lot of people look at marketing, and it's finding a need in the marketplace, create a message for that market, then create the sales system... Bang! You've got a rapid growth business. The problem with that is then you may be in a niche market you don't enjoy, so what I structure my branding around and what I do now is it's really about discovering what you're passionate about, what your purpose is, and then looking for the unmet need in the marketplace in the global economy, that way you can drive your ideal clients to you, and then you create a sales system around that.
What that means is that you end up owning a business that's completely aligned with what you're passionate about and what your purpose in life is, which means that's the business you wanna be in forever. And as long as there's unmet needs in the marketplace, which there always is, and this was one of the big shifts for me - in the past, I was an offline salesperson... Direct sales, telemarketing, that sort of thing. When I moved to the United States I went online and I had to become a student of it. I mean, I didn't even know how to change the word "the" to the word "they" on a website.
Nine months later, I was an international award-winning blogger, and [unintelligible 00:14:06.16] was one of the most retweeted business coaches on Twitter. So I learned the potential of the online marketplace, and what I realized is that so many people in business trade in what they're passionate about for what's practical, or a marketplace, this shiny object that they can see. And that's what I did for a lot of my life. I was always looking for that shiny object that I could make money out of for the short term, and what I realized is you can make a lot more money and be in love with what you do for the long-term if you focus on what you're passionate about, get your branding right and look at the unmet needs in the global marketplace to monetize it that way.
Joe Fairless: Beautiful. I completely agree. There's so much opportunity out there, and everyone's world-class at something, whether they recognize that or not. The key is to identify where those skills can be applied, to then build the business and have long-term sustainable success, right?
Matthew Pollard: Well, this is what I've found. My first business - I've created that because I wanted to prove everyone else wrong. [unintelligible 00:15:05.04] a horrible acne, and all of a sudden I started to do good, and then I kept getting promoted, but because I was in sales, every time I got promoted I actually took a pay cut until I started to make money off all those people that were underneath me, and then they'd promote me again.
So I went to my manager and said, "Look, I used to make a ridiculous income just selling. Now I've got all these responsibilities, and I keep taking a pay cut for [unintelligible 00:15:26.13] You're gonna have to give me a base." My manager said "Matt, at your age this salary is huge. This is the best you're ever going to do." That upset me, and I went on the march to prove him wrong.
Three years later, the business turned over 4.2 million dollars, but I was miserable. I [unintelligible 00:15:47.08] and I was like "If this is as good as it gets, I don't want this life", so I looked for a different way to monetize, and I continued down that journey... And here was my realization - people inherit their goals from their mother, their father, their drunk roommate they had in college. They hear these guys and go "Yes, that's what I wanna charge towards!" and they either struggle to master that energy to excel at that, or they get there and they're like "Wow, this wasn't as good as I thought it was", and then become disengaged.
What I realized is that's why people tend to jump from shiny object to shiny object, and I was exactly like that. Then what I realized is that if I can focus on what I'm passionate about, what my why's were -- and to be honest with you, I had to really think about that... Because for the longest time I did trade that in for practicality or the shiny object. And as soon as I realized what I was passionate about doing, which was looking at somebody's business, coming back to looking at what they were passionate about, creating a message around that, discovering an unmet need in the marketplace where they could create exponential growth and then create the sales system, and then I made the decision to focus purely on that - well, since then, my business has just absolutely exploded. I now get to help everybody do what I absolutely love, where in the past I'd get to about 12 months in and I was bored, because my talents weren't being utilized anymore.
Joe Fairless: So practically speaking now, kind of bringing this all full circle, the three ways to rapid growth - it sounds like there's three, but then there's an underlying foundation that needs to be established, and that's identifying what you're passionate about (the Why), and then its unique value prop, knowing the customer, and then the sales process. Is that accurate?
Matthew Pollard: Yeah, definitely. If you wanna frame this right - and I think we've got a few minutes left, so I can elucidate with an actual real case study, if that's helpful for you.
Joe Fairless: Yeah.
Matthew Pollard: I had a client out in California - her name was Wendy, she was a language coach; she taught kids and adults Mandarin. She comes to me and she's like "Matt, I'm really struggling. I used to make $50-$80/hour to teach Mandarin. Now there's all these people moving into the city and they're willing to charge $30-$40/hour to get their first client, doing exactly what I do." Not only that, she had to deal with people advertising from China on Craigslist at $12/hour, and then she had to deal with - thanks to our friends in Silicon Valley - people saying "Oh, I'll teach you Chinese, you teach me English" and there's now platforms where they just exchange time.
So she was losing her current clients, she was struggling to get new clients, and she said "Matt, can you teach me how to sell better, to be able to get rapid growth?" I said, "Wendy, what I want you to do is I want you to avoid the battle altogether."
What we did is we looked at all the clients she worked with, and there were two people specifically - these were executives being relocated across to China, and she helped them understand these three things. The first one was this concept called Galaxy; now, I know that to us it means out of space, but over there, it's their version of rapport. If I was gonna sit down and try and sell you something, I would sit down and have one meeting with you in the Western world, maybe 30-45 minutes later if I was a bad salesperson I'd say "Do you wanna move forward?" and you would say "Yes", "No" or everyone's favorite, "Let me think about it." If I called you back next week and you said "Yes, I totally wanna go forward", great. If you still said you wanted to think about it, I know my chances of getting that sale are going down and down. Well, in China they're gonna wanna meet with you five or six times, they're probably gonna wanna see you drunk over karaoke once or twice. That's just the kind of character they are, because they're not talking transactional 12 or 24-month deals, they're talking about 50-100 year contracts. It's longer than a lot of people's lifetimes, so as a result they wanna know the kind of person they're getting into bed with.
The second thing she helped them understand is the difference between e-commerce in China and e-commerce in the Western world. And the third thing she helped them understand was the importance of respect. It's like, when somebody hands you a business card here, we just grab it, throw it in our pocket and continue the conversation.
I just spoke at Electrolux - 150 vice-presidents, all commanding over 1,000-2,000 staff, and when they get my card, they hold it, they cherish it, they look at all the detail on the front, they look at all the detail on the back, pull out a card case, slot it in, then bow and continue the conversation. Anything less than that is considered disrespectful and you're not going to be doing business with them.
I said, "Wendy, you're doing so much more for these people than just private language tuition. What are you doing?" She's like "I'm just trying to help", and I said "Wendy, you're stuck in your functional skill. Is it fair to assume as a result of this assistance these people are going to be more successful in China?" She's like, "Yeah, that's the point", and I said "Great, so why don't we call you The China Success Coach?" Instead of focusing on teaching Mandarin, because there's a price tag battle to the bottom, why don't we create The China Success Intensive, which became a five-week program that worked with the executive, the spouse, and any children to be relocated across to China.
She said, "Well, that sounds great, but who would I sell it to?" I said, "Well, who do you think your ideal customer would be?" She said, "Well, obviously, the executives." I said, "Well, yeah, the executives are terrified." I mean, I moved from Australia to America and I was terrified, and people here speak the same language... But no, not your ideal customer.
She said, "Well, then obviously the organization would pay." I said, "Yeah, well they've got tens, hundreds, if not millions of dollars riding on the fact that these executives are successful, but still not your ideal customer." She said, "Well, who then?" I said, "Your ideal client to me would be the immigration attorney." Think about it - if anybody that needs to go to China needs a visa... These people that do these visas charge between 5k-7k, but after all the paperwork, all the bureaucracy, cost of acquisition, they'd be lucky to make about $3,000. So offer them $3,000 for any successful introduction.
She reached out to them and they were ecstatic with this. That was almost double their profit. They were like, "Well, what do I have to say?" She said "Simple. All you've gotta say is 'Congratulations, you've now got your visa.' Now, I just wanna double-check you're as ready as possible to be relocated across to China." And they'd say "We've got our visa organized, we've got our place sorted, we've learned the language, the kids are getting pretty good at it, too... I think we're set", and they'd just respond with "There's a lot more to it than that. I think you need to speak to the China Success coach."
Wendy would then get on the phone with this easy sale, because they were terrified, the company was financially motivated to make sure they were successful, and Wendy got to charge $30,000 for this private intensive program, instead of struggling every day to make $50-$80/hour. That's the power of a rapid growth system.
See, if Wendy [unintelligible 00:22:03.07] she would have already lost, but looking at the skillset she had above and beyond her functional skill, these were the things that she was passionate about. By doing that and saying "Well, I hope [unintelligible 00:22:12.19] respect" and then asking themselves "What's the high-level benefit of that?", which was China success, that's what created rapid growth.
For me, I'm a branding expert, I'm a social media strategist, I'm a sales systematization specialist, I'm a master in NLP, I'm a business coach -- I'm too many things; nobody cares. But when I say "I'm the rapid growth guy. I help organizations large and small obtain rapid growth", the simplicity of that message gets me heard in a crowded marketplace.
Joe Fairless: Great stuff, I love that example. It reminds me of the question "What business are you really in?" versus what you think you're in. As that example illustrated, she was not in the business of teaching a language, but rather she was in the business of setting them up for success for their journey, and then the key there also was the immigration attorney, where you've got alignment of interests with the sales funnel, where you've got people sending you leads, who want to send you leads, and are a gatekeeper, or someone that has a high degree of influence on a lot of people who are in her target audience.
Matthew Pollard: You're exactly right. What we've really looked at is "China Success" was the message, the niche was executives being relocated to China, and the sales system was using a joint venture with immigration attorneys. That's what a lot of people don't look at, and they always think "I've got this functional skill. Now I need to bend myself to the market." Especially in service provider businesses, that makes you feel incongruent, inauthentic, and it's why a lot of people suck at sales.
If you can tap into - and this is what I've learned - what you're truly passionate about, you can have this avalanche of energy always, to share with your ideal clients, and that's what gets you more market share than ever.
Just to track back to what you were talking about, about this one step that's earlier than that... One of the things I did - and I did this at the National Freelance Conference recently - is I went through this five-step process to crafting a unified message and discovering your niche of willing-to-buy clients... And it really was -- it's a five-step process, and it's not something that I sell, it's something that I give away; people can get that at MatthewPollard.com/growth. For 45 minutes, we went through this worksheet, and at the end I said "Now, put your hands up if you now have a strong, unified message that separates you from everybody else, and you feel more comfortable sharing it with your client base, and a right understanding of who your ideal customer demographic is." About 95% of the room put their hands up.
Now, what's sad about this though is about 82%-83% of the room kept their hands up when I said "Now, keep your hands up if this is the most time you've ever spent on marketing", which is terrible... I mean, that's 45 minutes, right? Now, what I discovered though is the group of people that struggled with the people who couldn't make the decision on step three - which specific demographic to choose - and what had happened is they'd been trading in what they were passionate about for what was practical so long they weren't even connected to what they were passionate about anymore.
For the people that were in that part of the process, I've actually created a podcast called Better Business Coach Podcast, and one of the segments is -- it's episode 17, it's called "Forget about goals. Why is the key to success." It will help you reacquaint yourself with what your passion, what your why's and what your drivers are. Then if you go to MatthewPollard.com/growth and do that worksheet, then you'll be able to really congruently discover your niche of willing-to-buy clients and the message that's going to resonate and excite them to wanna know more about you.
Joe Fairless: Matthew, thanks so much for being on the show. Thanks for talking about the three ways to rapid growth, the underlying foundations that's required in order to be sustainable over a period of time, as well as case studied to go along with that example. I hope you have a best ever day, and we'll talk to you soon.
Matthew Pollard: Cheers, mate.

JF1346: Mayonnaise Fights, Man Crushes, & Property Management with Michelle Ketchum

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Michelle is the owner and broker of Acorn + Oak Property Management. Her and her team have over 1000 units under management, and still growing. They take a customer service approach to their company, and that really sets them apart from other companies. They even have tenants that wait for a unit to open up, just so they can rent from Acorn + Oak. Hear different tips and advice that you can use to set yourself apart from your competition. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

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Michelle Ketchum Real Estate Background:

  • Owner/Broker in Charge of Acorn + Oak Property Management and managing partner of Acorn + Oak Triad.
  • Have been an active property manager and Realtor since 2009
  • Active in property managements throughout North Carolina and is leading Broker in the area
  • Based in Durham, North Carolina
  • Say hi to her at www.acorn-oak.com
  • Best Ever Book: The Four Hour Work Week by Tim Ferriss

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Read Full Transcript

Joe Fairless: Best Ever listeners, how are you doing? Welcome to the best real estate investing advice ever show. I'm Joe Fairless, and this is the world's longest-running daily real estate investing podcast. We only talk about the best advice ever, we don't get into any of that fluffy stuff. With us today, Michelle Ketchum. How are you doing, Michelle?
Michelle Ketchum: Hey, Joe. Doing well. How are you?
Joe Fairless: Good! I'm glad you're doing well; I'm doing well as well. A little bit about Michelle - she is the owner and broker in charge of Acorn + Oak Property Management, and she's been a managing partner of Acorn + Oak Triad. She has been an active property manager and Realtor since 2009, and her company does property management throughout North Carolina, and is also a leading brokerage in the area. Based in Durham, North Carolina, and you can say hi to Michelle at her website, which is in the show notes link.
With that being said, Michelle, do you wanna give the Best Ever listeners a little bit more about your background and your current focus?
Michelle Ketchum: Absolutely. Michelle Ketchum, owner of Acorn + Oak Property Management, down here in Durham, North Carolina. We've been in business since 2013, so we just celebrated our five-year anniversary here in the triangle...
Joe Fairless: Congrats!
Michelle Ketchum: Thank you! Really amazing growth since the beginning. We're currently managing just over 1,000 properties in the triangle area, and just having a really good time doing it. We focus on mid to high-end rental properties; that's anything from a single-family home, to townhomes, to -- our largest client owns about 90 units in Durham... So everything in between, as well.
Joe Fairless: 90 units - is that an apartment community, or does that person have 90 single-family homes spread out?
Michelle Ketchum: It's some small multifamily complexes, with like 14 units here, 20 units there... They're kind of all in the same neighborhood, but just split up a little bit.
Joe Fairless: Got it. So in the case of the 20-unit, that would be a 20-unit apartment building, or 20 single-family homes around each other?
Michelle Ketchum: Well, this particular client - that would be a 20-unit apartment building, but we do have some folks that own 20-30 single-family homes. There's a pretty good market down in this area for student housing, so we work with a lot of those landlords too, that are renting out big homes to UNC Chapel Hill students, and some Duke students, and things like that.
Joe Fairless: Okay. I'd love to dig into some of the intricacies of managing 20 units, versus student housing, versus single-families... But first, before we started recording you said you were doing some research on the show and you took issue to my no-fluff approach... Can you elaborate on that?
Michelle Ketchum: I did... I've been listening to quite a few of your podcasts and I know that it's your signature line to say "no fluff", and I'm a pretty fluffy person; I mean, I'm not girly, but I do bring a hands-on, heart-led approach to property management, which I think has really been the key to this company's success - the fact that we are compassionate, we try to do the right thing, not only for our clients that own the property, but for the tenants that are in place. We really want it to be a win/win/win, the third win being for us, the property managers.
But anyways, so I was a little nervous about not being maybe as hardcore as what you're used to... But fluff isn't always bad.
Joe Fairless: Fair enough, I agree to that - fluff isn't always bad. From a compassionate standpoint, how does that come to fruition as a manager, that would be different from perhaps another company that's managing properties?
Michelle Ketchum: When I started Acorn + Oak, one of the very first things I did was just research on other property management companies in the area; that's a good place to start when you're starting a new business - what's the competition doing? What are they lacking? And what I felt time and time again were complaints actually both from the clients as the property managers, but also a lot of tenant complaints just that they weren't being treated very fair. They were going weeks on end without any communication for different maintenance requests, they ordained a lot from security deposits just because... And I really took that to heart, and I would say almost everyone out there has been a renter, and a lot of us still are, and I just really wanted to bring this philosophy that everybody matters to my business.
So some things that we do are -- for instance, a lot of times property managers will charge a non-refundable pet fee, and... We're all dog owners at Acorn + Oak, so it's really important to me to just kind of not do that anymore. You can collect an extra deposit, which will basically do the same thing as a fee would do - rectify any damage if there is any damage done by the pet... But just things like that, where we're not nickel and diming tenants just because we can, and really just giving them nice places to live, treating them fairly, and just really making it an experience about them as the customer, and really thinking about them as the customer, and then the property as the product, and the property manager and the client as kind of the business owner. You always wanna make sure your customers are happy.
We just really led with that approach, and it has absolutely helped and made us one of the best companies in the area to rent from. We have tenants that specific land on our website and have heard great things about us, and they're like "We're renting from you. It just depends on when the right house comes up, but we are renting from your company."
Joe Fairless: Wow.
Michelle Ketchum: So it really does matter.
Joe Fairless: Oh yeah, creating a property management brand is not something a lot of property management companies do to the extent where people are requesting to live at their properties. That's not very typical. What are some other tactical things...? Because I'm gonna admit that when I heard you say "compassionate", my first thought was "So her company will let it slide if a resident is late on the rent, and then that's gonna hurt my bottom line." Selfishly, that's just what I immediately thought.
So one, can you address that? And then two, just some other tactical things that you all do that other management companies might not do.
Michelle Ketchum: Sure. Specifically for late rents - it's our policy that if somebody is late for the very first time, we'll waive their fee and reduce it from whatever it was down to a dollar. So it's still on our records that they paid late, but we reduce it and they get one freebie. And then it really just depends. There's tenants of ours that have rented for years and years and years, and maybe they had a late payment their first year, and now it's year four... So they've been great tenants, but guess what - they're people, and life happens, and their car broke down, or the kid had to go to the hospital, and they've had some emergencies come up... So we don't necessarily just automatically waive that fee, but we think about it, and we talk to our clients, and of course if they're troublemakers we're not just gonna keep waiving fee after fee; we're going to charge those fees, and potentially not renew if it becomes a real problem.
But for those people that have been great and they've just had a situation come up in life, we're gonna be compassionate about those things.
But at the same time, we can play hardball when needed, for sure, and we're not gonna let people just take advantage of us.
Joe Fairless: From a fair housing law standpoint, how do you walk that line of doing it on a case-by-case versus just uniform, regardless of what the situation is? Educate me on that part, will you?
Michelle Ketchum: Yeah, it's really important, and that's why we do allow it one time. We do make note of it. It's not based on anything else except that's just our policy, for the first time... And then after that, it gets into -- again, we just have those conversations with the client; it's not like we're just making the decision for them on if we should waive it, but we're giving them the option, and at the end of the day it's their money, so they really have the ultimate say on if they want to waive it or not.
Joe Fairless: Some other tactical things... You mentioned instead of a non-refundable pet fee you have a refundable pet fee, correct? So what are some perhaps other tactical things that you all do?
Michelle Ketchum: Some other ways that we make it tenant-friendly - and still again, with any of these ideas, they always have the owner's bottom line in mind.
Joe Fairless: Sure.
Michelle Ketchum: Going back to the pet fee vs. deposit - we still are protecting the owner's investment, and usually what we do when we do the deposits is we'll do something higher... You'll see a lot of times where it said maybe a non-refundable $250 pet fee - what we'll do is we'll charge a $400-$500 refundable pet fee. So we're charging more, but the tenant has the chance to get all of that back if their cat just lays around like a pillow and doesn't do anything to mess up the house.
So again, we're keeping the owner's bottom line in mind, always... But another thing that we do too is we don't make it easy for the tenant to break the lease, but we also don't make it completely financially horrible for them to have to do so. We live in a really transitional area, where there's a lot of professional people, they're getting promoted, or sometimes they're getting fired or being laid off, and we don't want them to have to stay in a lease they can't afford... Or again, if they got promoted, then they've got a great opportunity to move away. We don't want to make them pay 2, 3, 4 months rent to break a lease, or a huge termination fee... What we do is we give them the option of advertising the property on their own, finding a tenant to take over their lease, and they have to pay rent, obviously, through that term, until the day before the new lease starts. They're also required to have the property professionally cleaned... But that's it. So they can get away with it for almost the cost of a house cleaning, and a little bit of their time.
For the busy professional we do offer a service where they can pay us and we'll re-advertise for them, and really just do our best to find someone to take over that lease. And a lot of times, the owner of the property - they don't skip a beat, right? They've got rent coming through, they have the tenant pay for the professional cleaning and anything that needed to be done during the turnover... The tenant wasn't paying an arm and a leg to break their lease. It just makes it a little (I think) fair, and a little bit more flexible to rent with us.
We also really do a lot of nice things for our tenants throughout the lease. When they move in, they get this awesome welcome box that's beautifully hand-crafted with a card from us; it's got everything from [unintelligible 00:11:47.04] coupons to local business, a roll of toilet paper... Just a little welcome box saying "Hey, we're happy to have you here. We're gonna treat you well while you're here. Welcome to your new house."
We do monthly gift card drawings every month for tenants that pay rent on time... So we just don't always approach it as "Ding-ding-ding! We're gonna ding you with a late fee, we're gonna ding you with an early termination fee..." It's like, "Let's support you if you're doing what you're supposed to do." So we do monthly drawings every month for tenants that pay rent on time, we do renewal gifts, and we actually have a tenant appreciation happy hour thing coming up next month where we're having all these raffles, and just having them stop by our office for some ice cream and beer.
Joe Fairless: Yum! Sign me up.
Michelle Ketchum: If they're of age.
Joe Fairless: Of course, obviously. With the monthly gift card drawings, how much is that gift card worth and how many gift cards are given out every month?
Michelle Ketchum: We do two right now, but as we continue to grow, we're probably gonna need to up that... But we do two $20 gift cards to a local business. We don't generally give out gift cards to chain restaurants or anything like that; we're trying to support our local restaurants and shops and everything. They also get a really awesome Acorn + Oak T-shirt... So it's about a $30 value.
Joe Fairless: Cool!
Michelle Ketchum: But hey, they're paying their rent on time. For doing what they're supposed to do, there's a chance they can win something cool.
Joe Fairless: Absolutely. Have you noticed any benefit as a result of including local businesses in your marketing approach?
Michelle Ketchum: It's probably just something I haven't noticed, but this area is such an awesome place to have a small business and to have a local business... So it's just being part of the community. That was another really important piece of starting a company - I want it to be an active, supportive part of this amazing community and culture that we have down here.
I think we kind of just rub each other's backs. Some of our clients are business owners in the area. Some of our tenants are business owners in the area... So it's just nice to keep it local when you can.
Joe Fairless: The renewal gifts - how do you determine how much that gift is and what do you give them?
Michelle Ketchum: It's pretty standard. It's another $20 gift card to a local ice-cream shop here in downtown Durham, and it just says, basically, "Thanks again for renewing. We're so excited to have you! Enjoy an ice-cream out on us." Usually, $20 should get you two fancy ice-creams, so... It should get you two ice-cream cones.
A lot of our renewals are happening in the summer, so again, it was just kind of a fun thing to do in the summer months.
Joe Fairless: And you have over 1,000 properties that you're managing. If let's say you get 75% of those residents renewing, then you're investing $15,000 in that local ice-cream shop for these renewals... So do you have some sort of deal negotiated with them, where you save some money on these gift cards?
Michelle Ketchum: You know, I don't... But I should.
Joe Fairless: That local ice-cream store owner is gonna hate me. [laughs]
Michelle Ketchum: [unintelligible 00:14:56.16] Yeah, exactly. Again, so this is five years old. When I started, it was me, working at my house, with nothing. No brand recognition, nothing. I literally started from the ground up with this thing... So the renewal gifts - those have kind of come along over time; that was actually something that we developed last year, so it wasn't something we've always done. So it's only a year old, but you're right, I should be talking to this ice-cream shop about getting some sort of discount.
Joe Fairless: Don't tell him/her that I mentioned this, because I don't wanna be on their bad list.
Michelle Ketchum: I won't...
Joe Fairless: Let's talk about the differences in managing a 20-unit versus a single-family house... Because you started out doing single-family homes and you have a 20-unit in your portfolio that you manage. That's accurate, yes?
Michelle Ketchum: Yes.
Joe Fairless: Okay. What is the difference between managing the single-family and the 20-unit, and how did you evolve your team and the process to be able to do that?
Michelle Ketchum: Obviously - or maybe not obviously - managing a 20-unit apartment complex is gonna be... It's a small building, chances are the layouts and the floor plans are exactly the same, so there's gonna be less work as far as producing marketing and remembering paint colors and all of that. It's gonna be a little bit easier if it's in bulk, and generally those clients pay a little bit less in management fees... But it's really not that much different in anything else.
The way that we structure it - some of our agents work for maybe two or three clients; we've got a couple people at our company that really love multifamily. They've come from the apartment complex world, so they're just bringing that expertise and they're working with those kinds of clients.
Then we have other people that really love working with the investor that's just getting started and they're buying a single-family home this year, and a townhome next year, and all that. But the way that we approach it really is we try to do everything in batches. So even if it is 20 single-family homes versus one building with 20 units, we're still really trying to do batches and kind of keeping them as a portfolio. If we're doing inspections, we're gonna inspect either that one building with the 20 units, and we're going to inspect those 20 homes at the same time.
I don't know if that really answers your question, but we try to kind of make the single-family homes into sort of like a multifamily, just with a little bit more drive time in between... But the way that our agents are set up too is - when you start as a property manager with Acorn + Oak you're kind of given a territory, and usually that territory is pretty close to where you live. So the idea is that you're not having to drive from Raleigh to Durham and to Chapel Hill; really, the idea would be let's condense your territory into maybe a five to ten minute drive from your house, so that you can easily serve these tenants and these properties and these clients.
Joe Fairless: So for a Best Ever listener who's got a 20-25 unit, maybe a 30-unit that they are looking to purchase, would you say it does not matter if the property management company currently does apartment buildings and they're only doing single-family homes?
Michelle Ketchum: I think it can be done, but I think it helps to have a company like ours, that has the experience from both sides. So with the multifamily that we're doing right now, we're doing things differently, and there's also a whole side for like cap ex, repairs, there's a whole side for budgeting and specific reports, because it's just a little bit different.
So I would say that it's not necessarily a deal breaker; I would always hire a property manager based on their personality and how you all mesh together. That's me personally. I would choose just getting along with them and having the same ideas and philosophies on how you wanna run that property; it's gonna be more important than their experience, because I think the experience kind of goes both ways. If you did multifamily, you can learn how to do a single-family residential home, and vice-versa. But at Acorn + Oak you don't have to choose, because you get both - you get the great personality and the great service, and all of the expertise... But maybe in other markets, I would say that I'd probably go for, again, just kind of "How do I feel about this person?" I'm kind of a gut person.
Joe Fairless: Yeah, it makes sense. In terms of the student housing, the last question I was kind of leading you - but I shouldn't have, because then you said basically you didn't do many different things for the single to 20... So I won't have a leading question this time, I'll just ask you - is it different with student housing, versus singles, versus apartments, and if it is, how so? And if not, then we'll move on.
Michelle Ketchum: Student housing is definitely its own animal, and I think "animal" can sometimes be the right word. [laughter] You just have to have different expectations, and that's really any kind of real estate investing. You just have to have really good expectations on what this is gonna look like.
For student housing, specifically for what we do over at UNC Chapel Hill [unintelligible 00:20:13.18] Some of these students are moving at August 1st. By September 24th - literally, less than two months into their lease - they have to tell us if they're going to be staying for the next school year. So they're making decisions about renewals really quickly. It's important to start advertising those student rentals.
I'm giving an example - if someone wants to move in August 1st, 2018, so their lease runs through July 31st, 2019... So by September 24th, 2018 they're telling us if they're gonna be staying from August 2019 through July 2020.
Joe Fairless: Wow.
Michelle Ketchum: Yeah, they're having to make those decisions. But that's cool, chances are they know if they like the house, moving kind of sucks, so they usually tell us, and we start advertising October 1st for 2019-2020 leases... And it's just crazy, it's a frenzy, and all the students at UNC know that it's the time to advertise, so the advertising is a little bit different, there's obviously a lot more moving parts, because sometimes you've got four people living together, and they've all got a co-signer, and maybe four groups of four people with four co-signers, so that's a lot of people...
So it's different in that way, and then the expectations are they're gonna leave couches at the curb, they're going to leave trash in the house... The houses are definitely gonna need a deep clean when they move out... I've had great tenants, and I'll say, I was like a pretty mature undergrad, so I'm not saying all undergrads are this way, but we've also had tenants that have had mayonnaise fights on their way out, and now there's grease stains all over the walls... So you have to expect that a mayonnaise fight might happen, and just be prepared that we're gonna have to [unintelligible 00:21:57.03] we have a nice deposit as well for these student rentals, so...
A lot of the times too you have to understand that - specifically in UNC Chapel Hill - you can live off-campus I believe as soon as you're a freshman, so a lot of these people are going from living with their families to being out on their own, and they have no idea what an air filter is, or a water filter, or a [unintelligible 00:22:24.09] filter... And I was asking myself, I'm like "When did I learn about air filters?" I don't know, but there was a time in my life when I learned about air filters.
So it's really kind of like taking these kids under your wing too, and showing them how to live alone, in a house, without their parents. That's why a good property manager takes that off your plate, so we can be the den mother.
Joe Fairless: Many unique challenges there, that's for sure. When you were talking about the mayonnaise fights - I never had a mayonnaise fight, but in college we rented a house, and it was in Lubbock, Texas; it was like $200 each of us, and there were two of us, so like $400. We had a wrap around couch we found on the side of the road, and since it was a wrap around, it wrapped around in a corner, so in that corner there was a little open spot behind the couch, in between the couch and the wall, and we would just throw our empty beer cans in that corner, instead of taking them to the trash can.
Michelle Ketchum: And this is not unheard of, yeah.
Joe Fairless: Good, good, I appreciate you backing me up on that one.
Michelle Ketchum: And I hope that in my title on your podcast website it says something about mayonnaise fights, because we really want people to click and listen, like "What is she talking about..."
Joe Fairless: [laughs] That's right, that's right. "Student rentals and mayonnaise fights. Wanna learn more? Listen to this show." Well, what is your best real estate investing advice ever?
Michelle Ketchum: My best advice would be to just do it. I think a lot of people are scared, and if you have the right property manager helping you along the way, it's really not that bad. And a lot times too we're getting clients -- so we actually don't do any general brokerage; we don't help people buy or sell property, we only do property management. We wanna do one thing, and we wanna be the best at it that we can. But we get a lot of people that contact us first, they're thinking about investing here and they wanna make sure that they've got a good property manager in place before they even start looking... Because again, the property management will make or break your deal.
So I would say don't be scared, do it, educate yourself, get some advice... It's not for everybody; more people could do it, but I think they're a little nervous. So get educated, learn, and if you feel like it, start out with one, see how it goes, and then you'll get the bug and you'll be having 90 properties.
Joe Fairless: Between single-families, student rentals and small to medium size apartment buildings, what has the highest profit margin for you as a management company?
Michelle Ketchum: What do we make the most money on?
Joe Fairless: Yeah.
Michelle Ketchum: It's probably just your middle of the road single-family home. Our student rentals rent for a lot of money. You said you were paying $200 in Lubbock, Texas. UNC Chapel Hill houses are going for $800/bedroom, and they're not marble, quartz, gold-plated houses; they're basic homes, but it's all about location.
So the rents are high there, but a lot of times we end up discounting our management fee for those... So for us it's probably just the people that own the single-family homes, taking them up one at a time.
Joe Fairless: And why do you discount your management fee? Because from what you describe, it sounds like they're much more time-intensive, those student rentals.
Michelle Ketchum: Our management are an initial fee ($395), and then 10% of the rent... Which I don't know that I've seen anyone charge more than 10% yet. And if people have more than one single student house, again, this can get kind of pricey. So a lot of times they're kind of coming in knowing that they can get it for cheaper. We're usually settling -- we don't stray too far from 10%, and some of our clients do pay 10%, but because we know that could be a pretty large management fee... I mean, it is a lot of work, but it's just different work.
Joe Fairless: Yeah, it's more entertaining work.
Michelle Ketchum: It's definitely more of a surprise.
Joe Fairless: It sounds like it's really more entertaining.
Michelle Ketchum: Yeah, exactly.
Joe Fairless: We're gonna do a lightning round. Are you ready for the Best Ever Lightning Round?
Michelle Ketchum: Yes!
Joe Fairless: Cool. First, a quick word from our Best Ever partners.
Break: [00:26:18.25] to [00:26:59.00]
Joe Fairless: Best Ever book you've read?
Michelle Ketchum: I love The 4-Hour Workweek by Tim Ferriss, and I think I've just been sort of in love with Tim Ferriss, but I also like Tools of Titans by him; I'm reading that right now.
Joe Fairless: Great book... Both of them. I completely agree. I have a quasi-man crush. I have a Tony Robbins full-fledged man crush, but Tim - quasi-man crush; I love most of the stuff Tim does and talks about. What's the best ever business deal that you've done? Either a property, or a client transaction, or something else.
Michelle Ketchum: You know, I think when it really boils down to it, when I first started the company, again, I had very little. I had some experience working for another company, but Acorn + Oak was brand new, and I got my first client that had 30 properties, and he totally whittled me down... But that was such a monumental point for my business.
You always kind of wonder, like "Am I gonna make it? Am I gonna make it? How long is it gonna take?" and as soon as I got that client, I was like "I'm in. I'm all of a sudden legitimate", and it really started to roll in after that. So he's a current client, and we butt heads sometimes, but at the end of the day we actually have legit love for one another... So I always say that he's been my best deal.
Joe Fairless: What's a mistake you've made on a deal or a transaction, or in business?
Michelle Ketchum: I would say that there was a deal -- and it wasn't even that big of a deal, but it was a multi-unit building, and again, because I'm this fluffy person, we had a verbal contract... I felt like I did a lot of work, I did a lot of reports, I did a lot of inspections, and I thought everything was good to go. I'm used to people doing what they say they're gonna do, and right before the deal closed, they said "We're gonna go with another company, and I felt really used... But it was a great lesson in business - get your contract signed.
Joe Fairless: What's the best ever way you like to give back?
Michelle Ketchum: I really enjoy... Again, I haven't been a business owner for super long, but I've had quite a bit of success - and success to me isn't money, but I've had this rollercoaster ride, and so I'm now in this point in my career where people are actually wanting to sit down with me and hear my story and hear the do's and don'ts, and I really love getting into this mentorship field... Especially, like I said, Durham, North Carolina is just a wonderful place to have a local business, and I'm always up for like supporting people that wanna venture out on their own. I love being in a position where people actually want my advice, and being a mentor.
Joe Fairless: And how can the Best Ever listeners get in touch with you and learn more about Acorn + Oak?
Michelle Ketchum: Our website is a great place. There's actually a video on there as well. That's acorn-oak.com. Or my e-mail, which is Michelle@Acorn-Oak.com.
Joe Fairless: Lots of lessons learned in our conversation. I'm so grateful that we were connected and that you're on the show. One is the differences between managing single-families versus small to medium-sized apartment buildings, versus student housing... The unique challenges in particular with student housing -- well, this is actually a pro, having a longer lead time to fill vacancies... But then some cons - having a lot of co-signers, having a lot of people within each of the properties, and it can get messy with mayonnaise fights... As well as some ways that you have positioned Acorn + Oak from the ground up, to be differentiated by taking that compassionate approach, hands-on, heart-led approach, as you say, and some specific things that you're doing - the refundable pet fees, welcome box with a card, monthly gift card drawings for residents who pay on time, renewal gifts of $20, and then coming up, a tenant appreciation happy hour with ice cream and booze.
Thanks again for being on the show. I'm grateful you were on the show. I hope you have a best ever day, and we'll talk to you soon.
Michelle Ketchum: You too. Bye!

real estate pro advice

JF865: Dead Body Disposal at a Property and Why You MUST Wait for EXECUTED Docs Before Making Plans #SituationSaturday

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You read the title correctly, a dead body was disposed at a property that our guest had interest in. Everything that could go wrong did go wrong in this deal, and some pretty serious cycle paths were definitely against our guest… Hear the details!

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Ross Hamilton Real Estate Background:

– CEO of Connected Investors, http://www.cix.com which is an aggregator of crowdfunding portals
– Nominated by Entrepreneur Magazine as Emerging Entrepreneur of the Year in 2011
– Based in Wilimton, North Carolina
– Wrote the book “Real estate investing in your 20s
– Used to compete in BMX Freestyle
– Listen to his Best Ever Advice here:

https://joefairless.com/podcast/jf308-how-to-be-a-social-media-marketing-expert/

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real estate pro advice

JF855: Beginner Wholesaler is CRUSHING It with 9 Properties!

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Two properties under contract in her first 30 days! She is extremely positive and an action taker in the DFW market. This episode is for those who might lose hope starting their wholesale ventures, keep the faith and remember that it’s all about your attitude and network.

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Brandy Johnson Real Estate Background:

– Owner at Turner Investments, a multi-service company that has the ability to buy, sell and wholesale properties
– Began investing in August 2016, now has 3 available properties, within 30 days had 2 signed contracts
– Based in Thomasville, North Carolina
– Say hi to her at buynchousescheap.com
– Best Ever Book: Rich Dad, Poor Dad by Robert Kiyosaki

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You find the deals. We’ll fund them. Yes, it’s that simple. Fund That Flip is an online lender that provides fast and affordable capital to real estate investors. We make funding your projects easy so you can focus on what you do best…rehabilitating homes.

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real estate pro advice

JF835: $10,000 in 2 Days, Using a VA, and How Even New Guys Can Make a KILLING!

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He has been an active wholeseller for only four months but nets approximately $20,000 every month. Our guest jumped in 100% after limited experience in real estate. He managed a multi million dollar portfolio as a young man and scraped by when between checks. Now he is rocking his market, hear how he did it and what he’s doing now!

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Max Maxwell Real Estate Background:

– Full time wholesaler at Cash Homes Triad; A real estate solutions company
– Started in real estate in 2006, very successful for 2.5 years until the crash
– Mainly does flip, hold, and rent
– Served 4 years in US Air Force and is now a private pilot on the side
– Based in Winston Salem, North Carolina
– Say hi to him at http://www.cashhomestriad.com
– Best Ever Book: Rich Dad, Poor Dad by Robert Kiyosaki

Click here for a summary of Max’s Best Ever Advice: http://bit.ly/2gGiAJI

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You find the deals. We’ll fund them. Yes, it’s that simple. Fund That Flip is an online lender that provides fast and affordable capital to real estate investors. We make funding your projects easy so you can focus on what you do best…rehabilitating homes.

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Best Ever Show Real Estate Advice from experts

JF820: How to Own America, or at Least Portfolios of Properties that Render Big Returns Nationwide

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Would you like to begin earning a massive yet passive income on large portfolios? Today’s guest sets up a somewhat turnkey operation that you are able to analyze and purchase all at once. His business model is fascinating with a ton of upside for the buyer, hear how you can buy your next portfolio.

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Adam Stern Real Estate Background:

– President at OwnAmerica; A National Real Estate Investment Brokerage
– OwnAmerica is the leading broker in the single family residential space
– Adam is currently the number 1 portfolio salesperson in the US
– 14 years in senior leadership positions within companies in the residential and investment real estate space
– Based in Charlotte, North Carolina
– Say hi to him at http://ownamerica.com
– Best Ever Book: Think Bigger by Mark Van Rijmenam

Sponsored by:

Door Devil – visit http://www.doordevil.com and enter “bestever” to get an exclusive 20% discount on your purchase. Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips:

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Best Ever Show Real Estate Advice from experts

JF811: How to Be Rich and Generous and B.R.A.G. About It

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Best Real Estate Investing Crash Course Ever!

Would you like to give back? Our guest helps other people complete real estate transactions as a coach and allows others to give back to the community. He is the host of a radio show and has completed just about every type of deal in the residential real estate investment realm. Here why he believes there is no excuse to not buy real estate if you’re making offers and some interesting deal scenarios.

Best Ever Tweet:

Larry Goins Real Estate Background:

– Active real estate investor & Host of the BRAG Radio Show
– Founder of Real Estate Day Trading, the art of buying and selling homes from your home office
– Real estate for over 30 years
– Travels to speak and train audiences on his strategies for buying and selling houses
– Author of “HUD Homes Half Off!” and “How to Get Started in Real Estate Day Trading
– Based in Charlotte, North Carolina
– Say hi to him at http://www.larrygoins.com/besteverlisteners
– Best Ever Book: Lessons from the Richest Man Who Ever Lived by Steven Scott

Want an inbox full of online leads? Get a FREE strategy session with Dan Barrett who is the only certified Google partner that exclusively works with real estate investors like us.

Click here: http://www.adwordsnerds.com to schedule the appointment.

Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips: https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg

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no fluff real estate advice

JF688: How to AFFORDABLY Work With REALTORS Nationwide

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Ever wanted to close deals in other states but don’t have the time? Today’s guest will shoot you an agent in any market to show and sell your properties very quickly and EXTREMELY affordable! Listen very closely.

Best Ever Tweet:

Tommy Sowers Real Estate Background:

– Founder and CEO of SoloPro
– Raised 1.6 Million in capital
– Based in Durham, North Carolina
– Say hi at solopro.com

Listen to all episodes and get a FREE crash course on real estate investing at: http://www.joefairless.com

Made Possible Because of Our Best Ever Sponsors:

You find the deals. We’ll fund them. Yes, it’s that simple. Fund That Flip is an online lender that provides fast and affordable capital to real estate investors.

We make funding your projects easy so you can focus on what you do best…rehabilitating homes. Learn more at http://www.fundthatflip.com/bestever.

Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips:
https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

Best Ever Show Real Estate Advice

JF648: How to Host a Rockstar MEETUP Where all Deals Find You

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He and his partner host four meetings A week, no mistake, four meetings a week! It makes sense as the majority of all his deals came from these meetings of adding value to other investors and has been diligent in doing so. He has raised a following in Charlotte and is quickly establishing himself as an authority in his local market. Hear how he sets it all up and what success he has seen.

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Taylor Peugh Real Estate Background:

– Holds 4 meeting a week for real estate investing (over 15 hours)
– Acquired properties via meetings
– Based in Charlotte, North Carolina
– You can reach him at taylor.peugh@gmail.com

Listen to all episodes and get a FREE crash course on real estate investing at: http://www.joefairless.com

Made Possible Because of Our Best Ever Sponsors:

You find the deals. We’ll fund them. Yes, it’s that simple. Fund That Flip is an online lender that provides fast and affordable capital to real estate investors.

We make funding your projects easy so you can focus on what you do best…rehabilitating homes. Learn more at http://www.fundthatflip.com/bestever.

Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips:
https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

Best Ever Show Real Estate Advice

JF633: How She Sells the Majority of Her Inventory on FACEBOOK!

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Best Real Estate Investing Crash Course Ever!

That’s right she uses Facebook to sell her listings. Today’s guest is a top-rated broker and agent with volumes of well over 7.5 million. Tune in to hear how she built a team and sells her inventory.

Best Ever Tweet:

Aimee Freeman Real Estate Background:

– Became the top 3% of all agents in Wilmington, North Carolina
– Owner and broker of Aimee and Co. (Keller Williams)
– Over $7.5MM in sales volume
– Certified negotiation expert
– Based in Wilmington, North Carolina

Listen to all episodes and get a FREE crash course on real estate investing at: http://www.joefairless.com

Made Possible Because of Our Best Ever Sponsors:

You find the deals. We’ll fund them. Yes, it’s that simple. Fund That Flip is an online lender that provides fast and affordable capital to real estate investors.

We make funding your projects easy so you can focus on what you do best…rehabilitating homes. Learn more at http://www.fundthatflip.com/bestever.

Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips:
https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!