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E287: Avoiding Beginner Mistakes & Mastering Multifamily (Encore) - Gino Barbaro
E287: Avoiding Beginner Mistakes & Mastering Multifamily (Encore) - Gino Barbaro
ratings:
Length:
35 minutes
Released:
Jan 24, 2022
Format:
Podcast episode
Description
Gino Barbaro and I dive into what it takes to become a master player in the multi-family game. We go into detail on topics such as: what mistakes beginner investors make, why you want to start investing, property management techniques, hiring staff, how to get a headstart and much more. This episode is PACKED full of incredible learnings from one of the investing legends. KEY TAKEAWAYS1. You have to look at everything from the investor's mindset. That means utilizing leverage, liquidity, and control.2. Start with the "Why?". If you have reasons and clarity they will reap rewards.3. When you're managing a property you need to be in constant contact with the management company. Weekly calls and "pulse" emails containing KPIs.4. Every property should have its own management budget.5. What are your core values? Use these when hiring staff, using vendors, and working with partners.6. You need to know the market. Know the expenses, taxes, and operating costs. 7. Speak with community bankers and property managers to learn about the market and gain knowledge on the market and costs.8. It's a "people business". Tenants leave due to bad customer service and bad landlords... not rent increases.9. Turn into that fear and head into it, despite having it.10. Challenge your limiting beliefs. Resources MentionedLimitless by Jim Quick - https://www.limitlessbook.com/The Go-Giver by Bob Burg - https://www.amazon.com/Go-Giver-Expanded-Little-Powerful-Business/dp/1591848288Never Lose a Customer Again by Joey Coleman - https://www.amazon.com/Never-Lose-Customer-Again-Lifelong/dp/0735220034Think and Grow Rich by Napoleon Hill - https://www.amazon.com/Think-Grow-Rich-Napoleon-Hill/dp/0449214923Honeybee by Jake and Gino - https://jakeandgino.com/honeybee/ About Our GuestGino Barbaro is an investor, business owner, author, and entrepreneur. He has grown his real estate portfolio to over 1400 multifamily units. He is the co-founder of Jake & Gino, a multifamily real estate education company that offers coaching and training in real estate founded upon their proprietary framework of Buy Right, Manage Right & Finance Right.He is the best-selling author of two books, Wheelbarrow Profits and Family, Food and the Friars, and graduated from IPEC (Institute for Professional Excellence in Coaching) where he earned his designation as a Certified Professional Coach. He currently resides in St. Augustine, Florida with his beautiful wife Julia and their six children.https://jakeandgino.com/
Released:
Jan 24, 2022
Format:
Podcast episode
Titles in the series (100)
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