388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 25 June 2020

⏱️ 113 minutes

🔗️ Recording | iTunes | RSS

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Summary

Do you dream of stepping back from the day to day and working on your business rather than in it? Of course you do! AJ Osborne has achieved that goal—and having experienced a harrowing health emergency that incapacitated him for months (see show 286), this Boise, Idaho, investor is ultra-qualified to discuss the value of documenting, delegating, and streamlining your real estate business so it can run without you. AJ owns and operates over 1 million square feet of self-storage. Today he breaks down the seven-step process he uses to improve operations, unlock hidden value, and scale fast. If you're thinking, "I don't do deals that big," rest assured: AJ reveals that he actually lost money on his very first deal but gained a ton of wisdom, which he's generous enough to share with us today—and which applies across the board. Plus, AJ shares a tip on financing deals that may totally change the way you think about growing your portfolio! Check him out, and pick up a copy of his book, The Investor's Guide to Growing Wealth in Self-Storage: How to Turn a Real Estate Asset into a Thriving Business. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcasts so 388.
0:04.0	You need to look and audit what you're doing and the impact that that has on your business.
0:09.0	And most people that I see, the vast majority of their day is spent on things that are irrelevant to the long-term goals of their business and should be and can be executed by people that are better than them at that.
0:21.0	And that was one thing that I did clearly at the first time, I do all the time,
0:25.3	is I'm like, I'm not doing something I'm not good at.
0:28.0	You're listening to Bigger Pockets Radio, simplifying real estate for investors large and small.
0:35.0	If you're here looking to learn about real estate investing without all the height,
0:39.0	you're in the right place.
0:41.0	Stay tuned and be sure to join the millions of others who have benefited from
0:44.8	bigger pockets.com. Your home for real estate investing online.
0:49.8	What's going on everyone? It's Brandon Turner, host of the BiggerPockets podcast here with my co-host, Mr David Green?
0:55.9	David Green, D.G. what's going on in the world of real estate for you?
0:58.8	It's going pretty awesome. I got a flip. We're getting ready to put on the market.
1:01.6	I think we might have actually just put it on. That one's in Oakland and then this very area market's really hot. I know it's kind of a weird time in real estate because you've got parts of the economy that are like the hottest I've ever seen and other parts that are actually kind of slower and everybody's
1:14.1	asking the same question what's going to happen are we headed to a recession or are we not so it's
1:18.6	exciting rates are dropping right now it's a good time to refinance a house there's
1:22.0	moves to be made depending on where you are.
1:24.0	That makes sense. Yeah, actually just refinance my house, closed on that. Good!
1:28.0	I got an offer on, yeah, I saw that went through, I'm saving like $560,000.
1:32.0	I remember talking about it and you were like, I don't really want to have to give people. Yeah, $500 a month.
1:37.0	It was hell, but we got through it. I also got an offer a couple weeks ago we talked about on the flip I'm doing out here
1:43.1	Maui got an offer on it it fell through which I thought it might which is why you
	...

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