The Importance of Reputation | PREI 045
Passive Real Estate Investing
Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.
4.6 β’ 968 Ratings
ποΈ 26 May 2016
β±οΈ 24 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
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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