VA's (Virtual Assistants) & Your Rental Real Estate Business Team | Ep. #36

11/26/19 • 21 min

... and Landlord! Rental Real Estate Investing Podcast

I was a one-man business machine. 16 hour days were nothing for me. I often worked to 3AM, slept to 7 or 8AM, and got back up to do it all over again - like it was nothing. If something needed to be done, of course I did it myself - as I wanted it to be done right. And surely no one else could do anything right, but me - right?

That worked well enough in my late 20's and early 30's... But not so much once I reached 40 or so. At 40+ if I'm up to 3AM, I'm not getting out of bed before 10AM - if not 11. And thankfully, I've long since learned that I'm not the only person who can do things right.

Having come to understand this, I'm no longer clocking 16 hour days. I can (and do) occasionally, if and when I must - but now I have a team in place that removes most of that burden from my shoulders. This episode of the [... and Landlord!] Rental Real Estate Investing Podcast is about VA's (#VirtualAssistants) and other members of your #RentalRealEstateInvesting Team.

I leverage VA's to get things done - because I can't (and shouldn't even try to) do everything myself. There is a highest and best use for my time, so in this episode of the #LandlordPodcast, I speak about my use of VA's and team building activity. My goal is to fire myself from any and every job that can possibly be done by someone else on my behalf. Even if that person is only 80% as good at the job as me, putting multiple VA's on several tasks at even 80% of my effectiveness still results in a LOT more work getting done than I could possible do on my own.

So would you rather a job done at 80% of your greatness or yet another job sitting un-done on your to-do list? I know my answer! Hear it in this episode, along with details that will help you do the same.

Previous Episode

Credit Card Points Hacking... Your Rental Properties Can Allow You To Travel for FREE! | Ep. #35

Do you like to travel? Would you do more of it if you did not have to pay for your airfare and could fly for FREE? And do you have a business? Having Rental Properties IS a business... So, if you've answered "YES" to each of these questions, then you need to learn about Credit Card Points Hacking. Your Rental Properties (and other businesses) can earn you FREE travel with points!

I travel a LOT (over a dozen flights this year), and I've yet to pay a single penny for airfare (other than a couple of upgrades for more legroom on longer flights and a couple of checked bag fees - that I even got back). And that doesn't even include FREE flights for my wife and son; and even a couple of times where I used my points for some other family members to fly for FREE.

My businesses generate enough points each month that I haven't paid real money for airfare in years. I even have enough points to be an aid to others, using my points to lower the travel expenses for some family members.

How? Because I don't pay my business expenses directly. Instead, I put every business expense that I possibly can on a points credit card. And I then pay that card in full each month. But the benefit of placing the card in the middle of the merchant or vendor and my business, is that the credit card rewards me with points. In most cases its a straight dollar-for-dollar reward, in which $1 charged on the card gives me 1 point. But some cards give double and triple points - maybe for certain categories like gas or food.

However I can, I hack my legitimate and necessary business expenses into points that I can redeem whenever I wish for FREE travel. If you have a business that has any amount of frequent or reoccurring expenses that can be paid with a card (the higher the better), then you're missing out on a great opportunity for FREE travel, if you are not paying those expenses with a points credit card.

Business owners fly for FREE... And owning Rental Properties IS a business!

Next Episode

Be All That You Can Be... and RICH! | Ep. #37

Might there be a "Super" version of yourself inside - just waiting to get out? Or stated another way... Are you currently the best possible version of yourself? Might there be another possible version of YOU - who is capable of doing things that could make you RICH. Or do you think it more likely that you'll somehow develop super powers and fly before you'll ever become RICH?

The book Rich Dad Poor Dad puts forth the idea that being RICH is a choice. But the opposite is true as well... Being POOR is also a choice. Or actually, a life long series of daily choices - bad ones. But YOU CAN BE RICH. You just have to WANT IT. You have to WANT IT enough to DO SOMETHING to obtain it. And most people won't. In fact, they CHOOSE not to.

In this episode of the [... and Landlord!] Rental Real Estate Investing Podcast - I talk about how most people are not RICH because it has never occurred to them that they can be. And thus they make choices that ensure they won't be. At the basic level, all it takes to be rich is 4 things... 1) The belief that you can be; 2) The determination that you will be; 3) An idea as to how; 4) And effective execution of that idea.

The problem is that (outside of maybe winning the lottery) most people don't think that they can be rich. So they certainly don't have any determination to be rich. And most people are lacking ideas, such as for a business, product, service, etc... So they can't execution on what they don't have.

Ideas are infinite - but why would an idea come to you if you're just going to dismiss it as something you can't do anyway? So the first part of getting an idea to execute upon is believing that you can and then determining that you will.

So listen to this episode of the Landlord Podcast and let's stop being lessor versions of ourselves. We all have greatness within - LET IT OUT!