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Episode 59: Adam Forstner - Business at the Next Level. How a Firefighter leveled Up His Service Company, Jacked Up Over The Last Year
In today's show, we're discussing a 1031 exchange and short-term rental properties. We will also hear about our guest's business experience and how his company works. Is there any reason for him to hire a VA, and what kind of short-term rentals do he and his wife manage together? Moreover, take a quick look at what a 1031 exchange is and how it can be beneficial if you own a property.
Adam Forstner is a firefighter from Wisconsin. He started his business with his childhood friend Dylan a few years ago. Furthermore, he owns a short-term rental property that he manages with the help of his wife. The company he runs fixes uneven concrete and provides leveling solutions.
Why do you need to listen to today’s episode?
- Explore how Va can help your business grow, how it works, and what they can do for you.
- Get more information about concrete leveling. What kind of business is this? Can this be a good start-up business?
- Understand the difference between long-term and short-term rentals. Profits differ—also, a brief discussion of the 1031 exchange. The benefit of this one is if you are planning your way out of paying taxes.
“Sometimes I have to remind myself of this, but it's sometimes just, it's better to get better before you get bigger. So, focus on what you already have and ensure you're maxing it out here as efficiently as possible.”
- Mike Webb.
Today’s Topic:
3:09 “I'm a firefighter for the city Racine Extra today is eight years on the job full time. And then, I did four and a half years of part-time volunteer at a department. Prior to that. My wife and I own eight rental properties now, one short-term rental in Florida.”
An overview of Adam's current professional situation. What is his business like?
12:47 - “It saves us a lot of time for sure. And this so they went over with us they've got a nice system, I would guess six to eight different girls that work on our account. So I'm sure they've got lots of other accounts when they pick up the phone. They've got a nice long flowchart that they go through and ask the questions or their predetermined questions.”
Adam discusses how Va's aid him in the running of his business. What is their phone answering process, and how do they work?
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By First Responder Financial Freedom
5
3030 ratings
In today's show, we're discussing a 1031 exchange and short-term rental properties. We will also hear about our guest's business experience and how his company works. Is there any reason for him to hire a VA, and what kind of short-term rentals do he and his wife manage together? Moreover, take a quick look at what a 1031 exchange is and how it can be beneficial if you own a property.
Adam Forstner is a firefighter from Wisconsin. He started his business with his childhood friend Dylan a few years ago. Furthermore, he owns a short-term rental property that he manages with the help of his wife. The company he runs fixes uneven concrete and provides leveling solutions.
Why do you need to listen to today’s episode?
- Explore how Va can help your business grow, how it works, and what they can do for you.
- Get more information about concrete leveling. What kind of business is this? Can this be a good start-up business?
- Understand the difference between long-term and short-term rentals. Profits differ—also, a brief discussion of the 1031 exchange. The benefit of this one is if you are planning your way out of paying taxes.
“Sometimes I have to remind myself of this, but it's sometimes just, it's better to get better before you get bigger. So, focus on what you already have and ensure you're maxing it out here as efficiently as possible.”
- Mike Webb.
Today’s Topic:
3:09 “I'm a firefighter for the city Racine Extra today is eight years on the job full time. And then, I did four and a half years of part-time volunteer at a department. Prior to that. My wife and I own eight rental properties now, one short-term rental in Florida.”
An overview of Adam's current professional situation. What is his business like?
12:47 - “It saves us a lot of time for sure. And this so they went over with us they've got a nice system, I would guess six to eight different girls that work on our account. So I'm sure they've got lots of other accounts when they pick up the phone. They've got a nice long flowchart that they go through and ask the questions or their predetermined questions.”
Adam discusses how Va's aid him in the running of his business. What is their phone answering process, and how do they work?
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