Ways to Apply 4HWW (Four Hour Workweek) principles to real estate

[Marc Littmann]

After listening to almost all 52 BP podcasts, I decided to re-read the Four Hour Workweek recently, given that so many guests are raving about it as their favorite business book. I was sitting here brainstorming ways to apply some of the outsourcing principles to my involvement as a new investor and thought I'd go public, since many minds are always better than one.

So far I have a small list going, but would love to hear if you all have any other ways you have put either outsourcing, or any other 4HWW (muse creation, 80/20 rule, etc.) into your real estate businesses.

Here's what I've come up with so far:

Virtual Assistant (VA) tasks:

• screening MLS for potential deals
• yellow letter campaigns
• Google Adwords tracking and implementation
• managing tenant screening process (background checks, tenant checks, etc.)
• tracking down absentee property owners
• generating a list of every commercial building owner in your town
• collection and aggregation of data in due diligence process for a commercial purchase
• researching cash buyers in targeted markets
• identifying common expense items in a new market (trash, electric, water, property tax rates, etc.)

What else might make sense?

Marc

[Duncan Taylor]

Larry Winget is on the list of my favorite business authors. His book, It's Called Work For A Reason, should be required reading for anyone entering or currently in the workforce and especially anyone wanting to strike out on their own.