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Jake & Gino: Real Estate Investing & Multifamily

RPP - Scaling Up with Dylan Marma and Mike Taravella

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Commercialrealestateinvesting, Realestateinvesting, Cashflow, Smartinvesting, Apartmentinvesting, Investingsmart, Management, Buyingrealestate, Entrepreneurship, Business, Realestateinvestment, Multifamilyrealestateinvesting, Makingmoney, Buyingapartmentbuildings, Jakeandgino, Investing

4.9842 Ratings

🗓️ 4 September 2019

⏱️ 11 minutes

🧾️ Download transcript

Summary

Key Information: The key for Rand Partners continue success is being congruent with our Goals, Key Performance Indicators (KPIs), and Rhythms Goals Focus on a large Big Hairy Audacious Goal (BHAG) Acts as your “North Star” Chunk that goal into smaller goals (5 year, 1 year, quarterly, and weekly) KPIs Should be activities that help achieve your BHAG Acts as your GPS to the North Star Rand Partners is focusing on the following: Increasing our Investor Base Investor Opt Ins per week Investor Phone Calls per week Increasing Deal Flow Deals received by brokers Deals responded to Rhythms/ Meeting Schedule 1 Weekly Meeting Reflect on last week’s performance Review and edit weekly targets Daily Huddles Quickly discuss Wins from yesterday Today’s targets Stucks and challenges faced when completing your goals Promotes transparency Attend MM3 and use our promo code “RPFAM”    Contact Information: Invest with Rand Partners  Follow Us on Linkedin @Randpartners Follow Us on Instagram @Randpartners Follow Us on Facebook @Randpartners

Transcript

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0:00.0

Welcome to the Wheelbarrow Profits Podcast, Rand Partners Edition.

0:07.0

What's up everyone? This is Dylan Marma, bringing you to the Rand Partners podcast,

0:13.0

joined by today's co-host, Mike Terravella. How you doing today, Mike?

0:17.0

You know, Dylan, just making it happen, living the dream on the beautiful Labor Day.

0:21.9

Always living the dream.

0:23.0

Love it.

0:23.9

Well, Mike's the asset manager with Rand Partners.

0:26.5

Many of you know him.

0:27.6

He's joined us about three, four months back, and he's played a very large role in helping

0:31.2

us scale and grow the business.

0:33.0

So he's going to be more active joining us on the podcast moving forward here so we're we're super excited

0:37.5

about that and it's going to bring a ton of value um in fact that's actually what we're here to

0:41.9

talk about today is scaling up and what goes into that from the business side uh one of our mantras

0:49.3

is build the machine build the machine is the idea of growing an organization that runs like a

0:55.5

machine to the point where we're well-oiled. We have all of our systems so dialed in so clearly

1:00.5

that we can teach and bring someone into work in any of the different roles or responsibilities,

1:06.5

different functions day-to-day that take place. We have everything documented, organized, and it's just

1:12.3

plug and play. We have, you know, we want to have clear rhythms of execution for everything that's

1:17.1

daily, weekly, monthly, and annual. Now, the idea is great, right, but how do we actually

1:23.9

put that into action? So today we're going to break it down into three things that we've done that's made a world of difference in helping us get one step closer to

1:31.5

building the machine. Number one is goals. Number two is KPIs and number three is your meeting schedule

1:41.1

or your rhythms. So Mike, why don't you tell us a little bit about what goes

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