Originally posted by @Jonathan Taylor:
@Anthony White That’s wonderful story! Could you please elaborate on how you achieved this accomplishment? I’m in CA and bidding on my first properties this week but plan on moving out of state next year.
As I stated Earlier....
What I did first was learn and listen to all the podcasts I could, especially on Bigger Pockets, now with a 5 and 1 year old running around and my wife need as much help as possible around the house, it’s not like I could ask for some quiet time and go to my study to read quietly. Haha
So podcasts were essential for me - grocery store shopping, on the way and home from work, taking my daughter for a walk - anytime I could find to listen, I did.
At first i came on bigger pockets to find deals, Redfin, Zillow, realtor.com all the different site have homes- it was just a matter of finding where in Memphis.
Then I called and interviewed tons of Property Management companies, I probably called 5-7. Just to express that i was interested in starting there, and what they offered and what their thoughts were on areas that would rent consistantly and safely.
Some great things did happen by chance - like finding my realtor Duane Kinnard, of Tri-Leake Realty, it just so happened I called on maybe 30 different properties. And left probably 60 messages. But the homes he listed- when I called, he picked up - not just once or twice, ALL THE TIME- and if he didn’t I’d get a text that he was busy and he’d call me right back - then we conversed about what my goals were and he is someone that was born and grew up in memphis, even bough he was young, he was hungry to make a name for himself and had deep roots within the community where he knew and could see things that have benefitted me. I have more great stories about that.
The Management story is a whole other thing, needless to say - I went to the Big company route - thinking it was safe and all the red tape tenets had to go through to get in - my property and my rents would be safe - but it didn’t work out - I lucked into another person starting up their own management business and now she manages all 15 of mine and 35 total. She is incredible!!!!
For contractors - my realtor Duane and My property manager have handled everything - I am in the middle of a rehab now, my biggest yet. All done remotely - and so far going great.
When it comes to a lawyer - the one I use again was set up by Duane Kinnard, Mr. Kim has been nothing but professional and I trust him 100% he has even helped me attain an LLC so I can begin that process of moving properties over. But it has been a blessing.
I also have a wholesaler @JasonHopkins Who sold me by first deal - on here that I sold for Double 8 months later.
Basically - when I was looking to build a team - I looked for people like me, just in their field - just like the teams I coached, I never got what I expected, I got what I inspected. Therefore, communication is key for me - I want calls, emails, texts, pictures, everything. I love being involved, because I’m not wealthy or rich - so every rent payment missed is felt and because my team is so young and hungry trying to accomplish their dreams too - they feel it too.