In this episode of Live Life by Design, we welcome Jeff Bennett and Lauren Taft from Studio 168 to dive into real estate strategies that make all the difference in today's challenging market. From sourcing hidden gems in the real estate landscape to contesting insurance and taxes, Jeff and Lauren share their expertise in operations, asset management, and navigating market shifts. Whether you're new to real estate or looking to sharpen your skills, this episode is packed with insights.

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Learn more about Studio 168: studio168p.com

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Timestamps:

00:00 - Introduction and guest welcome

00:21 - Lauren's role in operations and asset management

00:54 - How to source real estate deals like a pro

02:03 - Dealing with market shifts and rising interest rates

02:26 - The importance of operational efficiency in real estate

03:36 - Why door-knocking still works in collections

04:14 - Real estate competitions and tracking key performance metrics

05:21 - Managing insurance and taxes as controllable expenses

06:38 - The battle of shopping insurance premiums

08:55 - The return profile of a unique real estate two-pack offering

10:05 - Understanding depreciation and its role in mobile home parks

11:33 - The importance of systems in scaling a real estate business

13:50 - Monthly P&L process and its impact on operational efficiency

16:12 - Why real-time data is crucial for managing properties

19:22 - Sourcing off-market real estate deals

23:00 - The benefits of real estate vertical integration

32:00 - Real-life refinancing success stories

38:34 - Live Life by Design: How to find harmony in work and life

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