Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Daniel Fitzroy

Daniel Fitzroy has started 10 posts and replied 110 times.

Quote from @Chris Merchant:

One thing I will say with looking for help is this: In the landscaping world good help is hard to find especially if you have a "slow season" I don't know your area but if your slow season is winter just realize that the awesome hardworking employee you hire for spring, summer and fall (if you do leaf removal) will need income in the winter months as well and if you can't supply that income without going in the red he/she is going to have to find an employer that will.  Which sets you back to square 1 the following season and eventually you run out of awesome employees.  

You also do not want to pay them wages if there is no income coming in, the desire to grow is good but do it smartly or you may grow too fast and then spiral out of control.  

I have a background in landscaping, my "9-5 job" is a crew leader for a landscaping company, feel free to PM me and we can talk more in depth.  There are several oppurtunities for you to generate enough work to hire help.


 Thanks Chris, 

I would like to chat sometime I will be in touch thank you! I appreciate the advice and I completely understand. Especially since I don't offer snow removal, and don't plan to. So I've got a few things stacked against me. however I will figure it all out and iron out the kinks. For now I'm just thrilled to be working for myself. I"m trying to replace my old 9-5 income and get back to 30-40k a year. I've only done 10k ish or so my first year. It's hard becuase I am limited as to how much I can actually work given the fact that I have two kids. So my girlfriend and I alternate schedules and I can only work a few day's a week. 

Quote from @Nathan Gesner:
Quote from @Daniel Fitzroy:

That's because it's an advanced technique, not as easy as they make it sound, and the deals aren't as easy to find. Listen to David Greene and he mentions this all the time. It's a good tool to keep in your pocket, but don't expect to get started without money.

Yes I've come to realize that it's not as easy as the make it sound for sure. So I'm pivoting a bit and doubling down on trying to increase my income. Not giving up though at all. 
Quote from @Scott Mac:
Quote from @Daniel Fitzroy:

 [1] Summation: I'm no longer a W2 Slave, I'm  my own man. Sink swim or float I'm the Captain of my own boat.

[2] Advice: Paragraphs make it easier to read.

[3] Congratulations: <--(see this).

[4] Payroll: It's is a Red Tape jungle of posters in languages and FICA/FUCA/Workers Comp. State unemployment, withholding for the IRS and state and sometime cities. Quarterly reports to multiple taxing authorities, and a Byzantinium of laws that are not all consolidated in one place where if you break one, or don't know about it large fines ensue.

You might say complying with all of the Red Tape is a Constant (inople) headache. So learning how to manage your cash flow to be able to meet payroll is a skill you need to learn, as well as how to (Run Payroll). 

Many use a payroll service to Run Payroll and to comply with the filings, some use a tax person for some of the filings. Expect to learn about payroll at least 6 months before you intend to hire someone. 

 [5] SCORE: Look into SCORE, and find a person you are very comfortable with. For  local advice on how to grow your business, and for advice on learning payroll.

https://www.score.org/find-mentor

Good Luck!

(and if you get the play on words in the above, you get an extra point)


 Thank you! I will take your advice. much appreciated. 

Quote from @Nathan Gesner:
Quote from @Daniel Fitzroy:

Congratulations!

I understand the desire to grow, but be careful with that. Getting and keeping employees is tough. It takes a lot of time and effort and money to grow a business that is sustainable, supports you financially without your involvement, and frees you up for bigger/better things.

I've seen landscapers, carpet cleaners, and other small businesses try to grow and they end up with a lot more problems and only a little more income for their effort. Sometimes it's better to work alone, keep the money, and invest it as quickly as possible to set up a second income stream that can eventually replace your landscaping business completely.

On to greener pastures!


 Thank you for your feedback I appreciate it. I do still want the business to run on it's own even when I begin my real estate investing. So I think for me building a business that can someone run on it's own will be great. The skills and knowledge needed for that to happen will surely help me when I transition into real estate as I plan to brrrr properties. 

This is good food for thought. I'm still figuring it all out as I go. I went to local real estate investor meetups in ny and even after reading brandon turners book on creative financing I still don't have an understanding of how to begin investing without money. So I'm hammering down on the income side of things by learning how to run a successful business either way and then begin pouring that cash flow into my first small multi family. This may take me a while to get going on the first one but I'm so excited. Winters are for real estate as I'll be done with the lawn care season. 

Quote from @Bradley Pax:

Congrats Daniel,

I would recommend reading profit first as it has amazing information on how to grow your business with just looking at the numbers. Using the information in the book, you will be able to ensure your business does not become stagnant and the right money is being saved for newer employees. Working for yourself is great until you hit the wall of too many customers and then you'll feel like you're drowning. Good luck in all of your business and personal endeavors 


 Thank you so much I appreciate it. I"ll read that book i've heard of it and actually just listened to robert kyosiki rich dad poor dad agian and cash flow quadrant. I'm looking for the next book to study so I'll read that one! 

Hi everyone,

I haven't been on this forum in about 3 years or at least it seems. I want to thank you guys for answering some questions I had and just share the good news that I fired my boss and stopped being a typical 9-5 employee for a company or companies that don't care about me. I was fed up with dealing with being treated like crap by coworkers who for some reason looked down on me. They also complained about the job and chose never to leave or do anything other than bring me down. for 3 years I struggled at dead end jobs and was burnt out and getting sick from all the drama. At one point I almost got in a fight with a guy who was ragging on me for no reason. I would stay an hour late past closing by myself to fix other lazy coworkers messes and straighten up and put tires away and clean up, then show up two minutes late the next day and get screamed at for it even after pointing out all the help I did the night before. I can't deal with this. Not to mention how they gave me crap jobs and always promised more pay but never would.I could't even pay my bills so I had nothing to lose if starting my own business. I quit and it's been tough but I am now the owner of a small solo lawn care landscaping company Called Top Notch Property Service LLC. I started my business last year and have learned so much. I dream of someday having the business produce enough that I can get into real estate during the off season/winter months and start burring houses to rent out. I've learned so much being my own boss and for me its perfect. I still work my tail off and need to eventually hire help before I burn out but it's amazing. I work with great clients, I am constantly busy and I am so excited I don't have to be talked down to by anyone ever agian. I"m free to work when I choose. however much I choose. I am studying podcasts while I work when I used to literally get screamed at for doing so at my job. It's a great feeling. I also used to install the mulch at the place I worked and it took me all day. I"de earn like maybe $100 or less as a mechanic at a tire shop. So I just did my first mulch job this year (similar sized job but working for myself now) while listening to my headphones studying and earned $500. for about 8 hours worth of work. The Freedom is amazing. To heck with working for a bad boss and negative co workers. Hope you all are doing well so excited to be back on here.

I almost forgot to mention that my real estate investing plan is the same as yours! I want to start out house hacking a 2-4 unit house and or live in flip to get started. 

Thats amazing man, I'm glad you're already so successful! You're way ahead of me still. im almost 30. I too am an automotive technician. I went to school for Toyota T-10. I love cars. Now instead of working at a shop that does repairs I work as an auto body tech. I like learning new trades. I've done a bit of everything. I'm very curious about flipping cars on the side as well as I currently am. but very very slowly. like two cars in two years haha. right now I have a 2009 nissan versa I bought from a relative for $500. I knew they sell for $2,000 and I could buy an engine for $500 or less and throw it in. so the spread on that would be about $1000. I would like to figure out which cars would make more sense to flip. some would be a better spread than others. I also thought about renting a garage and worried I wouldnt be able to pay for the rent while trying to flip. What other idea's or thoughts have you had about this? unfortionalty for me I'm struggling to save money for my first duplex. I have adhd, impulse, get bored and blow any savings I have on, you guessed it. cars. bummer. does anybody have any good books that could help a guy with this problem? 

Anyway keep saving and learning! keep us updated on your progress as you will surely be successful! Start networking at local meet ups too that has helped me find agents, and hard money lenders. Also don't be afraid to join local facebook real estate investing groups. I found my realtor by asking for local bank recommendations and a guy who lurks on there recommended a bunch and also offered to help me find a house(hes a realtor!) and now we go to meetups and chat and are super fired up about it. so you never know who's out there just start networking. 

sorry for the long post these are just my thoughts!

Originally posted by @Melissa McRay Johnson:
Originally posted by @Daniel Fitzroy:

@Mike G.

How does a crm apply to real estate? Like who uses them? A flipper or wholesaler perhaps? Sorry I know this is a newb question but I was enjoying reading this post and got me wondering.

Anyone who is actively marketing and doing deals can benefit from a CRM system. I do wholesaling and flipping and couldn't manage the business without one. You want to be able to track all of your incoming leads all the way through to completion. You can use it to track your marketing performance, budgets on projects, KPIs for every role in your business (even if you're a one man show), call metrics, and manage your lead pipeline. A CRM is also critical for doing follow up, which is where I've been getting most of my deals from these days. I am using Left Main CRM system and love it. It has really cool dashboards so you can see everything happening in your business. You can also integrate your phone systems so you can track all those metrics as well. I use it for managing my projects too. 

 Thanks for explaining! 

great job! I like that you're willing to improvise and were able to find a solution. That looks like my dads Kabota L4400 tractor or maybe even a tad bigger?