Becoming a Profitable Landlord
Christine M Luken
Helping six-figure business-owning couples manage money & emotions to achieve lasting Financial Dignity?
Are you exploring rental real estate as a potential wealth-building path?
Before you jump in with both feet, listen to this mind-blowing episode of the Money is Emotional podcast with Landlord Coach, Mark Dolfini - Life and Business Strategist !
From a rocky start as a landlord (that put him in the hospital due to stress!) to becoming a business and real estate success story, Mark spills the beans on common mistakes, personal plot twists, and the VIP Method Course for Landlords.
Here are the highlights of our discussion.
Real estate success isn't just about how many units you own!
Many landlords brag about the number of units they own, but that's only 1 of many numbers Mark says you should focus on. Understanding your debt level, expenses, and vacancy ratios is imperative!
Financing isn't the true roadblock to success.
Mark has noticed landlords getting "stuck" 7-15 property range, mistakenly blaming financing as their block. What's the true culprit? Capacity constraints due to self-created job overload. Don't think you can afford to delegate responsibilities? Mark shows us why you can't afford NOT to.
Being a landlord is not just a real estate business, it's a people business!
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You're probably underestimating the expenses of landlording.
People tend to vastly underestimate the myriad of expenses involved in owning rental property. Mark breaks down everything to keep on your radar in this episode.
It's important to protect yourself from YOU by having the right systems in place.
From photo IDs to credit checks, his checklist-driven approach ensures foolproof property management. Mark is the brain behind the VIP Method, and he emphasizes sticking to systems to avoid potential pitfalls. (And it keeps your emotions from hijacking your profit!)
Listen to this episode of the Money is Emotional podcast now! (We appreciate your shares and reviews on your favorite platform.)
Founder and Owner, Assistants 4 Hire ? ?? Productivity Coach and Strategist ? ?? Experienced Speaker and Webinar Trainer ? ?? Former Class A PGA Golf Professional
1 年Real estate investing is a wonderful market -- but knowledge is definitely needed to be successful! Excited to listen
In the real estate rental maze? ?? Hear Mark's wisdom for a smoother journey! Christine M Luken
Founder/CEO of MetroRelationship.com | Relationship Expert | Creator of the Successful Relationship Strategy? and Transcendental Relationship Therapy? | Helping Couples create a Radiant & #SuccessfulRelationship
1 年Christine M Luken - Ooh, a definite must listen as we expanding our investing to real estate and landlording. ;)
TEDx, Keynote & Motivational Speaker | Author | Business Coach for speakers and aspiring speakers | Founder & CEO at 100 Lunches & 100 Speakers| 40 under 40 Business Elite | People Connector
1 年Your podcast sounds incredibly insightful! Learning from someone with real-life experience like Mark Dolfini is invaluable. Thank you for sharing such valuable content. ??
Civil Engineer
1 年Buy a bunch of real estate with other people's money and make millions effortlessy. Despite what many think, that's not how it works. It's a long term business committment that requires ample capital, deep market knowledge, a lot of effort and a bit of good fortune too. As a side gig or get rich quick scheme, forget it.