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Creative Capital

Creative Capital Podcast 9: Proper Property Management with Lee Waldrop

Creative Capital

Josh Ferrari

Investing, Business

51.1K Ratings

🗓️ 23 June 2020

⏱️ 70 minutes

🧾️ Download transcript

Summary

On this week's episode, we have very special guest, owner of Revitalize Mobile, Lee Waldrop! Lee is a man of many talents. He's dipped his toes in the corporate sector, real estate investing, property management, turnkey, flips, fatherhood, husbandry, and more.

He started out like most of us. Believing that going to college, getting a degree, and getting a high paying W-2 job would satisfy him and his family. He quickly realized that there had to be a better way. Soon after entering into the corporate sector, he began diving into the idea of real estate and has since spent the last decade learning about real estate, and investing into it.

He now owns Revitalize Mobile, a property management company with over 300 AUM and growing. He owns a turnkey provider company where he buys, renovates, and sells properties "turnkey" to investors, while he holds the property management aspect of the property. He also buys rentals and flips properties for his own portfolio so that he can live the life he desires with his family.

Today, we learn a lot from Lee. How hard work, determination, persistence, and creativity, can build a life of freedom and independence for you and your family. We learn all about property management and how we should be pursuing property managers, what to look for in a good one, services they should be providing, whether or not you should look for a single-person property manager or a company-sized property manager, what communications between the property manager and the owner should look like, whether or not your property manager should be handling the renovations, and so much more. You won't want to miss this episode!

Visit us on our website @ https://www.ferraricapital.com for more great resources on how you too can become financially free through real estate investing!

Transcript

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0:00.0

You're listening to the Creative Capital Podcast.

0:08.0

You're dying to learn about how you can create wealth through real estate investing,

0:11.0

then you come to the right place.

0:13.0

Join in every week as we go over the ends and outs of real estate

0:17.2

investing and learn how you two can become financially free.

0:21.0

I've seen this on occasion, right?

0:25.0

Probably manager takes the path of least resistance.

0:28.0

Calls the most expensive heating and air, the most expensive electrician because it's easy.

0:32.2

Anybody can do that, you knowian because it's easy.

0:32.7

Anybody can do that, you know.

0:34.6

But it's your house,

0:36.4

so they're not really protecting your interest

0:38.2

and your money by doing, charging you 110% retail

0:42.4

because they have a company with 15 trucks go do your repair.

0:46.1

What's going on everybody? This is Josh Ferrari, host of the Creative Capital Podcast. Today on the show we have a Mr Lee Waldrop. Now before I get in any

0:55.6

kind of bio about Lee I want to talk about the world right now and everything

1:02.3

going on. Not only do we have coronavirus, but we've got all

1:06.5

these riots and this big racial issue going on and I wanted to just be up front and let everyone know that I am

1:16.4

obviously pro black lives matter pro all lives matter, this whole thing is insane. Like, why are we still having issues with racism

1:29.2

decades after we thought that we had conquered it.

1:33.0

Many ways, I won't get into the weeds, and I don't want to...

1:37.0

I hope not to upset anyone, but at the same time, I just wanted to let everyone know where I stood.

...

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