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Investing in Real Estate with Clayton Morris | Investing for Beginners

1062: 6 Time Saving Tips for Investors - Episode 1062

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

How To, News, Education, Business News, Business, Investing

4.41.1K Ratings

🗓️ 20 June 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

When you get into real estate investing, it can be alluring to think about the freedom of time that passive income can afford you. But I see so many investors fall into this trap where they fail to put the right fundamentals in place, and they end up creating a full-time job for themselves.

I don’t know about you, but I didn’t begin investing so I could have even less time… So today we’re going to go over my top time-saving tips for real estate investors. These tips are going to help you maximize your efficiency, reclaim your time, and maintain focus on what truly matters to you. Click play to learn more!

Transcript

Click on a timestamp to play from that location

0:00.0

When you get into real estate investing it can be alluring to think about the freedom of time,

0:09.3

the passive income can afford you in your life, but I see so many investors fall into this trap

0:14.4

where they fail to put the right fundamentals in place and then they end up creating a

0:18.3

full-time job for themselves and I don't know about you but I didn't begin real

0:21.8

estate investing so I could even have less time on my hands.

0:25.6

So today we're going to go over my top time saving tips for real estate investors.

0:30.7

Now these tips are going to maximize your efficiency. They're going to reclaim your time and maintain focus on what truly matters to you in your life.

0:39.0

So let's dive into it. Number one on my list, hire a property management company.

0:44.0

There are a lot of roles and responsibilities that can come along with being a real estate investor.

0:48.3

It's critical that you focus on your strengths and outsource where you can.

0:52.0

The best place is to start outsourcing is by working with a strong property management team that's established in your rental market.

0:59.0

Now as a first-time investor, you might think that you can handle property management on your own but I strongly

1:04.8

encourage you to consider hiring out this role. Having a great property

1:08.9

management team is beneficial in so many ways.

1:12.7

Not only do they have experience in the industry

1:15.4

and in the market, they know what's going on down the street

1:17.7

around the block, near that school district,

1:19.4

near that mall, near this new shopping center

1:21.7

that's emerging, but they actually can save you

1:24.3

money through their marketing, through their maintenance, and so much more. They

1:27.9

probably have an in-house maintenance team, right, that you don't have to go out and

1:32.0

hire some subcontractor to go and fix a leaky

...

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