Manage Right, The second pillar of the Wheelbarrow Profits investment strategy.
Jake & Gino: Real Estate Investing & Multifamily
Jake & Gino
4.9 • 842 Ratings
🗓️ 10 December 2015
⏱️ 48 minutes
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| 0:00.0 | Welcome to the Wheelbarrow Profits Podcast, where you get multi-family investing made real. |
| 0:06.5 | Learn from top players in the real estate investment world as they share their secrets with you |
| 0:11.5 | and discover proven strategies on apartment investing that actually work. |
| 0:16.0 | To learn more about wheelbarrow profits, visit jake and gino.com. |
| 0:24.7 | Your one-stop shop for everything multifamily now to your host jake and gino hello everybody this is jake stenziano host of the wheelbarrow profits podcast |
| 0:31.1 | here with my co-host best-selling author and multifamily land baron gino barbarao gino how's it going jake i'm doing good you forgot one thing |
| 0:40.3 | father of six kids you always say that father of six kids all right we got it what else what else not |
| 0:47.0 | not much i'm i'm ready to jump on this call right now let's get going all right today we're going to |
| 0:52.5 | introduce the manage right portion of the |
| 0:54.8 | wheelbarrow profits framework and discuss whether or not you should self-manage or |
| 1:00.2 | partner with a property management company. We're also going to discuss how we repositioned |
| 1:05.6 | mom and pop apartments for big bucks. So Gino let's jump right in. |
| 1:13.1 | Jake, what do you, to you, what do you think manage right means? Give the audience, you know, your thoughts, your views of when I say, Jake, |
| 1:18.6 | let's manage right. What does that mean to you? Well, manage right to me means meeting or |
| 1:23.0 | surpassing our specific income and expense numbers. I say this a lot. Multifamily investing is not |
| 1:30.2 | rocket science. There's people out there that simply are winning and doing well because they're |
| 1:37.9 | in multifamily, not because they're geniuses or anything. At the end of the day, it comes down to |
| 1:42.5 | income versus expenses like any business. |
| 1:45.9 | So manage right to me, again, means meeting or surpassing our specific income and expense |
| 1:51.6 | numbers and hitting our monthly goals. If you don't mind, let me expand a little bit on that. |
| 1:56.9 | We've had this journey. You mean you, this incredible journey in the last, I guess, two and a half |
| 2:00.6 | to three years. |
... |
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