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69: Putting Rentals on Autopilot While Living in the Dominican Republic with Becky Nova

69: Putting Rentals on Autopilot While Living in the Dominican Republic with Becky Nova

FromReal Estate Rookie


69: Putting Rentals on Autopilot While Living in the Dominican Republic with Becky Nova

FromReal Estate Rookie

ratings:
Length:
71 minutes
Released:
Apr 14, 2021
Format:
Podcast episode

Description

Becky Nova didn’t have a linear path to real estate like many others. She’s had times in her life when she was poor and times in her life when she was rich. Becky knew that she didn’t want to go back to those poorer times in her life, so when she was about to marry her husband, she was pushed to get herself out of debt and into a much more stable position. She worked a consulting gig, got herself debt-free, and decided she wanted to start house hacking!Now, Becky is off in the Dominican Republic, running her entire portfolio of 10 houses completely remote. Even more impressive, Becky used traditional financing for those rental properties! So how does she manage properties all the way in upstate New York while she’s thousands of miles away on the beach?Well-tailored systems and procedures is what Becky relies on. She refers to her phone as one of the best tools for real estate, since she can call her agent, her tenant, or her contractor whenever she needs something. Becky proves that you can run a rental portfolio long distance, and do it successfully to boot!This did take Becky some time, though. She designed the life she wanted and made her rental properties fit around that life, which is sometimes the opposite of what us busy real estate professionals do. Now, she can relax and enjoy her time travelling because she put the systems in place to automate her business!In This Episode We CoverUnderstanding what you really want and making your business fit your ideal lifeGetting off the “paycheck to paycheck” hamster wheelHow Becky got 10 units in just over 2 yearsJoining local networking groups and your chamber of commerce to find dealsHow to find the best plumbers, contractors, electricians, and more through referralsHaving systems in place so your business can run itselfAnd So Much More!Links from the ShowBrandon TurnerZillowReal Estate Rookie Facebook GroupDave RamseyDealCheckRentometerRealtor.comBiggerPockets CalculatorsBiggerPockets InsightsRookie Podcast 10: 2 Long-Distance Rentals with $0 Down with Tony RobinsonLady Landlord's Financial Cheat Sheet Check the full show notes here: http://biggerpockets.com/rookie69See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Apr 14, 2021
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.