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Real Estate Rockstars Podcast

491: Leverage Technology to Boost Your Real Estate Business' Bottom Line with Josh Mente

Real Estate Rockstars Podcast

Aaron Amuchastegui

Investing, Careers, Business

4.6864 Ratings

🗓️ 3 May 2017

⏱️ 46 minutes

🧾️ Download transcript

Summary

Work smarter, not harder, by leveraging technology to automate transaction management, email marketing, and other repetitive (but essential) tasks! That's what today's guest, Josh Mente, decided to do when he customized his team's Infusionsoft build to meet their specific needs. Listen and learn why he did it and how he expects it will improve his business by allowing for massive growth while minimizing operational expenses. Josh also shares helpful tips for vetting investors and his opinion on where the market may be going (think 2005) with Pat and listeners. Catch all this and more on another Real Estate Rockstars podcast! Get Instant Access to Hundreds of Free Real Estate Tools Visit hibandigital.com/toolbox Claim Real Estate Discounts, Free Trials, and More Visit hibandigital.com/resources Sponsors Rebus University - Get Over $10,000 in Real Estate Training for as Little as $97 Visit futureofrealestatetraining.com PadHawk - Find Your Market's Best Leads for FREE with a 7-Day Trial Visit padhawk.com Roddy's FLS - Discover Unbeatable Real Estate Deals with a FREE Foreclosure List Visit 4closure.info

Transcript

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0:00.0

I'm Pat Hybin and over the past 25 years I've sold over 7,000 homes selling over a billion dollars in volume.

0:11.0

In 2010, I sold my team business to my top agent and went on book tour promoting my book

0:18.2

six steps to seven figures, a real estate professionals guide to building wealth and creating your destiny.

0:26.2

That book went on to become a New York Times bestseller.

0:30.3

Now I live off the massive income streams from the real estate I bought with commissions I earned as a full-time agent.

0:38.0

And I am committed to giving back to the real estate industry as so many mentors of mine have given back to me.

0:48.0

On this show we'll interview the world's best agents, brokers, coaches, and investors to help you make more commissions and

0:57.2

create the life you deserve. Okay, Rockstar Nation. We have a great guest today who has risen meteorolically, like a meteor-like

1:20.9

like, from Tamonia, Maryland, Mr. Josh Mente is on the line and so without

1:26.2

further do, Josh, welcome the real estate rock stars buddy.

1:30.6

Thank you, Pat.

1:31.6

I appreciate you having me on the show.

1:33.0

Hey, Josh, why don't you give everybody a little rundown on yourself so they can get to know you better?

1:39.0

Yeah, so, you know, obviously I run a real estate team here in the Timmonium area in Maryland and have three kids, a wife, a couple other businesses and just trying to find time to do it all.

1:53.0

Wow, okay, so let's get some nitty gritty here.

1:57.0

So like how many houses did you and your team sell last year?

2:01.0

We had 308 transactions last year? We had three hundred and eight transactions last year. Okay and what was

2:05.8

your ECI on that your ego commission income? Yeah the the gross ego commission was

2:12.4

just a little bit north of 1.3 million.

2:15.0

All right, 1.3 million.

2:16.8

What was your net profit?

2:18.4

We were at 28% profit margin. It was around 320,000. So 320. And what's your L. T. You're left to invest after you pay all your personal bills?

...

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