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BiggerPockets Real Estate Podcast

26: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier

BiggerPockets Real Estate Podcast

BiggerPockets

Business, Investing, Education

4.8 • 16.6K Ratings

🗓️ 11 July 2013

⏱️ 83 minutes

🧾️ Download transcript

Summary

Successful real estate investing involves a lot more than just tenants, toilets, and trouble. Successful investors have learned to manage their investing like a business and not a hobby by creating systems to scale their efforts and build wealth faster and more securely. To get a better idea on just how to do this, on the show today we talk with real estate pro Chris Clothier of Memphis Invest, who shares his story and his view on how to start working on your business and not in your business. If you are looking to take your investing to the next level while maintaining more control – don’t miss this episode. Chris also has some awesome tips on getting your properties rented quicker and dealing with difficult tenants so be sure to take notes! Read the transcript to episode 26 with Chris Clothier here. In Today’s Show, We Cover Student housing: a good idea or a bad idea? When NOT to use partnerships – and the perfect kind of partner. What comes first: hiring employees or ramping up your marketing. What true marketing really is… and why it costs nothing. Tips for outsourcing parts of your business that don’t excite you. Why Chris didn’t use a formal business plan but you probably should. How to hire people and guarantee you can always pay their salary. Chris’ unique “game” for filling vacant units. The one tenant trait that is an automatic denial. Specific questions to ask a property manager before hiring them. Links from Today’s Show: BP Podcast 009: Using Hard Money Lenders to Grow Your Business with Ann Bellamy Keyword alerts Do You Feel Like You Are Drowning In Your Business? Start Outsourcing! Books Mentioned in the Show Make it Big by Frank McKinney Rework by Jason Fried and David Heinemeier Hansson Tweetable Topics “The best marketing you could ever do is simply talking to other people.” (Tweet This!) “If you are going to start a business… why not go all in?” (Tweet This!) “To scale your business, you gotta bring in the highest quality people.” (Tweet This!) “Surround yourself with people who believe in your vision and are up for the challenge.” (Tweet This!) “Don’t be scared to share in the wealth of what you are doing.” (Tweet This!) Connect with Chris Chris’ Company Website MemphisInvest.com Chris’ BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Bigger Pockets Podcast, Show 26.

0:04.0

You're listening to Bigger Pockets Radio,

0:07.0

simplifying real estate for investors large and small.

0:10.0

If you're here looking to learn about real estate investing without all the height, you're in the right place.

0:16.0

Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com.

0:22.0

Your home for real estate investing online. from BiggerPockets.com.

0:22.5

Your home for real estate investing online.

0:26.0

What's going on everybody?

0:27.1

This is Josh Dorkin, host

0:28.9

of the BiggerPockets podcast here

0:30.6

with my co-host Brandon Turner.

0:34.0

That was awesome. That was a good way to introduce me.

0:38.0

I'm going to do it from now on.

0:39.0

Do you like it?

0:40.0

Yeah, hi, I'm Brandon Turner.

0:42.0

That's talent right there.

0:45.0

What's up, Brandon?

0:46.0

Not much.

0:47.0

Going to San Francisco today.

0:50.0

San Francisco, really?

0:51.0

Why are you going to San Francisco?

0:53.0

Because I am going to the Inman Connect conference

...

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