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Passive Real Estate Investing

The Importance of Reputation | PREI 045

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Investing, Entrepreneurship, How To, Business:investing

4.6 β€’ 968 Ratings

πŸ—“οΈ 26 May 2016

⏱️ 24 minutes

🧾️ Download transcript

Summary

I just came back from a real estate forum in Florida where I was speaking on a panel answering questions about real estate and turnkey operators in the industry. As it turns out, I was asked a very important question about building your reputation in an industry with shady operators. Unfortunately, they only gave me two minutes to answer a question that required at lease 15 minutes. So, I felt the question was important enough to cover as a podcast episode. Especially in our industry where there truly are shady operators. And if you missed last week’s episode, be sure to listen to Common Investor Questions (Part 1). Enjoy the show! – – – – – – – – – – – – – – Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing. Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here’s how. See our available Turnkey Cash-Flow Rental Properties. Please give us a RATING & REVIEW (Thank you!) SUBSCRIBE on iTunes | Stitcher | Podcast Feed Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to passive real estate investing, the show where busy people like you

0:05.0

learn how to build substantial passive income while creating wealth for the long term.

0:09.0

And now here's your host, Marco Santorelli.

0:13.0

Welcome to passive real estate investing.

0:15.6

I'm your host Marco Santorelli,

0:17.6

and this is the show where busy people like you

0:19.9

learn how to build substantial passive income

0:22.3

while creating wealth for the long term.

0:24.8

Today's shows about the importance of reputation.

0:28.4

And I'll tell you why I have chosen this topic for today's episode. I just came back from Miami, Florida for the fourth annual

0:36.2

Single Family Rental Investment Forum, and it was great. I had a lot of fun. I got to network

0:42.0

with a lot of people that I know in the industry I was actually speaking on a panel there on turnkey operators and we all got asked questions of various sorts about the industry and and turnkey providers

0:55.8

specifically and how we operate and and just what is going on but it was

1:01.2

interesting I got asked one question that was, how do you build your reputation

1:06.0

in an environment with some shady operators? And there's just no way that I could have answered this question in the 30 seconds or a minute or two minutes that they gave me to answer this particular question

1:19.5

So I thought it would be a good idea to actually have a podcast episode on the importance of reputation,

1:25.2

especially in an industry like ours where, let's say nine out of ten operators are actually

1:31.3

worthy and ethical and have a decent or good reputation and one or maybe two out of ten don't.

1:38.6

And you as a consumer, you as an investor need to know, you should want to know who has a good reputation and

1:45.8

who doesn't because obviously you don't want to work with somebody who's going to sell

1:49.8

you a lemon or a money pit for a property or tell you one thing and it's something else like you're in a good neighborhood but then you end up finding out well there are a bunch of crack dealers down the street.

2:01.0

This is not a good thing and I have seen this happen and

...

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