Making Bank

Making Bank: Marketing Series  #MakingBank #S7E22

This episode of Making Bank is a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you want to grow your business more and become successful in the big world, you’ll need proper marketing skills. This episode of Making Bank will help you acquire the necessary marketing skills one needs in order to become successful.

Make sure you check out this episode and listen to Josh and all the other guests discuss Making Bank: Marketing Series.

 

(0:45) Seven Principles of Success

George Bryant talks about the seven principles that any business should follow because if they do so to even a few of them, they will continue to flourish and be successful. 

 

(8:28) Education Based Marketing

Ted Miller talks about his journey of converting into Education and how it changed his entire business and entrepreneur life. He also talks about the various changes such a conversion brings into his business life. 

 

(13:19) Marketing Tactic

Joel Comm talks about how many companies and businesses these days do not emphasize much on the swag they give out to their employees and this is the reason why most of their merchandise or services are failing. It is important to work on a company’s swag and make it unique and stand out from others.

 

(18:28) Marketing Challenges

Barney Waters talks about the various marketing challenges that they face because the expectations are always high. It is important to grow the expectations and then meet them properly before even thinking about starting a new business or expanding an existing one. 

 

(19:54) Best Marketing Channel

Anthony Sarandrea talks about how social media is their main channel for marketing like Facebook, Instagram, YouTube, TikTok, Snapchat and even native ads. This is because even though it is traditionally not as exciting for people it is however scalable and more top of the funnel.

(21:37) Three Key Components

Ben Malol talks about the three key components of a business that are not a necessity but if practiced, it will make the business very successful. These are  being different, being unique and being polarized.

 

(24:58) Formula

Nicholas Kusmich talks about how a few years ago he came up with this strategy after tons of investment with money and a lot more tests, they finally found out one formula that worked for them in the Marketing world.

 

Link:

http://pix.joshfelber.com/LaKZF0cf

This is a flashback episode in loving memory of Dave Woodward at Making Bank.

Rest In Eternal Peace dear friend.

 

On today’s episode of Making Bank, we have Dave Woodward, CRO of ClickFunnels. He graduated from Brigham Young University. He became a regional director of Marico, a local Texas firm, which he took national in just two years. Dave then founded Monopolize Inc. A direct response marketing agency focused on financial services and the real estate industry. But he recognized a once-in-a-lifetime opportunity when he met Russell Brunson and Todd Dickerson, the two founders of ClickFunnels back in 2014 when the company was just a startup. For Dave, it was never about the title of CEO, it's about results, and in addition to his CEO duties, Dave is the energetic host of the Wiley Popular podcast, ClickFunnels Radio.

 

He has a true gift for making his guests feel right at home so it's no wonder he gets some of the savviest business owners and self-starters on the planet to share never before revealed sales and marketing secrets on every show. Dave is first and foremost a devoted husband, family man, and avid adrenaline junkie.

 

Listen till the end. A lot of valuable information is unpacked by Dave Woodward.

(2:55) The Beginning Of ClickFunnels

Dave talks about having a mortgage business that crashed in 2008 through 2012, which he managed to get out of when he was approached for startup training by Russell and Todd. This was the beginning of his regaining his business life and one thing led to another till eventually, ClickFunnels became successful.

 

(5:56) Challenges Faced

Dave explains how the first initial moments they faced a huge crisis when their database went down. They were all worried and did not know what to do but eventually, they managed to fix the problem, and throughout it all, they were transparent to their customers. They let them know what the issue was and it was eventually fixed and they were up and running again.

 

(12:38) Ups And Downs Of ClickFunnels

Dave talks about how they started facing problems because many of the customers wanted more and better support and they were not able to provide that to them. But as they grew more and more they got better with it and now even have phone support, chat support, and social media support.

 

(17:39) Our Employees Are Special

Dave talks about the main reason for ClickFunnels doing so well was because everyone who worked there is treated specially. They give them special employee treatment, whether it's giving out gifts or bonuses, everything was unique and was only exclusive to a ClickFunnels employee and this was what gave them success. 

 

(23:27) Biggest Change

 The biggest change they had to undergo was bringing new things that were outside the company to improve. They kept looking for new ways, and new methods of improving and kept working hard at them at the same time not compromising any of the methods that already exist. This change brought them the biggest improvement and it helped the company grow so much.

 

(29:00) Biggest Motivator

Dave’s number one motivator was the fact that he loves his job so much. He loves being an entrepreneur and was just so passionate about it. That was what drove him the most and made him one of the greatest people and businessmen in life. 

 

Links mentioned:

Instagram: @daveswoodward

Making Bank: Remake Series #MakingBank #S7E21

This is a flashback episode in loving memory of Dave Woodward at Making Bank.

Rest In Eternal Peace dear friend.

 

On today’s episode of Making Bank, we have Dave Woodward, CRO of ClickFunnels. He graduated from Brigham Young University. He became a regional director of Marico, a local Texas firm, which he took national in just two years. Dave then founded Monopolize Inc. A direct response marketing agency focused on financial services and the real estate industry. But he recognized a once-in-a-lifetime opportunity when he met Russell Brunson and Todd Dickerson, the two founders of ClickFunnels back in 2014 when the company was just a startup. For Dave, it was never about the title of CEO, it's about results, and in addition to his CEO duties, Dave is the energetic host of the Wiley Popular podcast, ClickFunnels Radio.

 

He has a true gift for making his guests feel right at home so it's no wonder he gets some of the savviest business owners and self-starters on the planet to share never before revealed sales and marketing secrets on every show. Dave is first and foremost a devoted husband, family man, and avid adrenaline junkie.

 

Listen till the end. A lot of valuable information is unpacked by Dave Woodward.

(2:21) The Beginning Of ClickFunnels

Dave talks about having a mortgage business that crashed in 2008 through 2012, which he managed to get out of when he was approached for startup training by Russell and Todd. This was the beginning of his regaining his business life and one thing led to another till eventually, ClickFunnels became successful.

 

(5:56) Challenges Faced

Dave explains how the first initial moments they faced a huge crisis when their database went down. They were all worried and did not know what to do but eventually, they managed to fix the problem, and throughout it all, they were transparent to their customers. They let them know what the issue was and it was eventually fixed and they were up and running again.

 

(10:47) Ups And Downs Of ClickFunnels

Dave talks about how they started facing problems because many of the customers wanted more and better support and they were not able to provide that to them. But as they grew more and more they got better with it and now even have phone support, chat support, and social media support.

 

(15:21) Our Employees Are Special

Dave talks about the main reason for ClickFunnels doing so well was because everyone who worked there is treated specially. They give them special employee treatment, whether it's giving out gifts or bonuses, everything was unique and was only exclusive to a ClickFunnels employee and this was what gave them success. 

 

(22:18) Biggest Change

 The biggest change they had to undergo was bringing new things that were outside the company to improve. They kept looking for new ways, and new methods of improving and kept working hard at them at the same time not compromising any of the methods that already exist. This change brought them the biggest improvement and it helped the company grow so much.

 

(27:48) Biggest Motivator

Dave’s number one motivator was the fact that he loves his job so much. He loves being an entrepreneur and was just so passionate about it. That was what drove him the most and made him one of the greatest people and businessmen in life. 

 

Links mentioned:

Instagram: @daveswoodward

Making Bank: Leadership Series  #MakingBank #S7E20

This episode of Making Bank is a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you want to grow your business more and become successful in the big world, you’ll need proper leadership skills. This episode of Making Bank will help you acquire the necessary leadership skills one needs in order to become successful.

Make sure you check out this episode and listen to Josh and all the other guests discuss Making Bank: Leadership Series.

 

(2:46) High Level Performance and Focus

Todd Herman talks about how they function and what are the various things they need to do that allows them to perform at a high level and to be able to focus and give full attention to what they are doing. 

 

(5:34) Opportunities Switches

Russell Brunson talks about how when they started their first business many opportunities switches were created leading to a lot of new things introduced every three months and it was not the most ideal strategy to use for a business. 

 

(7:41) Building The Right Kind Of Team

Investing in the right team is one of the best strategies one can adopt in order to run a successful business. It is of the utmost importance to be able to handpick the right kind of people and also one must understand that picking the right people does not mean they will be good right from the start. It comes with proper communication, training and hard work but investing in the right people is a must. 

 

(12:27) Do Not Let Passion Bury You

Many people will start a business that they are passionate about but then when it happens to fail, it takes them down with it because they are passionate about the business and do not want it to fail. This often results in them going down with it. Never get emotionally attached to any business and always be ready to adapt should the time come. 

 

(15:20) Exercise Your Curiosity

Always set out to look for new opportunities, new relationships. Never plan too far ahead that you won’t even see what is right in front and also never just sit back, relaxed because then you might end up coming up short and wouldn’t know what to do.  

 

(17:16) Personal Development

Chris Record talks about how Personal Development is one of the things that change his entire life. He went from being a person who says ‘I can’t’ to a person who says ‘How can I?’ and that changed his entire life around. 

 

(23:30) Faster You Can Learn, The Faster You Can Earn

Optimizing and building a better brain is really important because your business is really dependent on your mind power. We're not paid for muscle power. We're paid for our mind power. Your ideal ability to solve problems, to be able to think clearly and be able to focus, to be able to learn faster because the faster you can learn, the faster you can earn.

 

(27:34) Mindset Of Scarcity

The mindset of scarcity says that things have value because they're scarce.So whether it is land, whether it is real estate the value gets higher when it is scarce. But we need to change our mindset from a mindset of scarcity to a mindset of abundance. Then everything becomes possible.

Making Bank: Leadership Series  #MakingBank #S7E20

This episode of Making Bank is a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you want to grow your business more and become successful in the big world, you’ll need proper leadership skills. This episode of Making Bank will help you acquire the necessary leadership skills one needs in order to become successful.

Make sure you check out this episode and listen to Josh and all the other guests discuss Making Bank: Leadership Series.

 

(0:55) High Level Performance and Focus

Todd Herman talks about how they function and what are the various things they need to do that allows them to perform at a high level and to be able to focus and give full attention to what they are doing. 

 

(3:41) Opportunities Switches

Russell Brunson talks about how when they started their first business many opportunities switches were created leading to a lot of new things introduced every three months and it was not the most ideal strategy to use for a business. 

 

(5:48) Building The Right Kind Of Team

Investing in the right team is one of the best strategies one can adopt in order to run a successful business. It is of the utmost importance to be able to handpick the right kind of people and also one must understand that picking the right people does not mean they will be good right from the start. It comes with proper communication, training and hard work but investing in the right people is a must. 

 

(10:33) Do Not Let Passion Bury You

Many people will start a business that they are passionate about but then when it happens to fail, it takes them down with it because they are passionate about the business and do not want it to fail. This often results in them going down with it. Never get emotionally attached to any business and always be ready to adapt should the time come. 

 

(14:29) Exercise Your Curiosity

Always set out to look for new opportunities, new relationships. Never plan too far ahead that you won’t even see what is right in front and also never just sit back, relaxed because then you might end up coming up short and wouldn’t know what to do.  

 

(15:34) Personal Development

Chris Record talks about how Personal Development is one of the things that change his entire life. He went from being a person who says ‘I can’t’ to a person who says ‘How can I?’ and that changed his entire life around. 

 

(21:46) Faster You Can Learn, The Faster You Can Earn

Optimizing and building a better brain is really important because your business is really dependent on your mind power. We're not paid for muscle power. We're paid for our mind power. Your ideal ability to solve problems, to be able to think clearly and be able to focus, to be able to learn faster because the faster you can learn, the faster you can earn.

 

(25:55) Mindset Of Scarcity

The mindset of scarcity says that things have value because they're scarce.So whether it is land, whether it is real estate the value gets higher when it is scarce. But we need to change our mindset from a mindset of scarcity to a mindset of abundance. Then everything becomes possible.

The Making Bank Growth Series #MakingBank #S7E19

This episode of Making Bank is a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you want to grow your business more and become successful in the big world then this episode is just for you. In this week’s episode, we get to listen to multiple successful people sharing their great, awesome growth, their journey to become successful and thrive in this world. 

 

Make sure you check out this episode and listen to Josh and all the other guests discuss The Making Bank Growth Series

 

(1:42) Top Three Takeaways In Utilizing Growth

It really is a tough road. It will never be easy. At some point you just have to accept that it requires either brain or guts to become successful. So deciding which of these you are stronger in is important and working endlessly with them is the key. 

 

(7:05) Opening Up Multiple Franchises

“I had regional development.I had 42 locations that were basically under my wing, and I helped and I mentored all of the franchisees in that. And, and in return I would get half the royalties,” Erik Van Horn talks about handling multiple franchises.

 

(9:41) 0 to 23 Million In Two Years 

Understanding one part of the business really well like the copywriting and marketing is really important but also make sure that the other aspects of actually running the business is also understood. Pro basic things like your profit and loss, your margins and inventory are all very important.

 

(14:29) Real Estate Sales To The Largest Company In The World

Take advantage of everything you can. Opportunities should be taken without any hesitations. Risks should be taken. Use the awareness to go from hitchhiking around the world or anything of being an entrepreneur.

 

(17:23) Key To Bigger Success

Francis Wolff talks about their journey and challenges that they overcame into becoming one of the most successful businesses in the world. 

(20:55) 30 Employees to 600 Employees

What got you there, won't get you there. What worked with 35 doesn't work with a 100 and what works with a 100 doesn't work with 600. Dynamics will keep changing and you need to keep changing with the growth that you are growing through.

 

(22:22) Major Tip To Be A Successful Entrepreneur

“Your only job is to prioritize. That's all you have to do. You just have to prioritize.” Nir Eyal talks about the major tips that help him become successful. 

 

(26:46) Keep It Simple

Do not learn sales networking, public speaking, like martial mixed martial arts. It gets confusing. Focus on keeping it simple. Forget about all the bells and whistles and just keep it simple.

 

Link:

http://pix.joshfelber.com/LaKZF0cf

The Making Bank Growth Series #MakingBank #S7E19

This episode of Making Bank is a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you want to grow your business more and become successful in the big world then this episode is just for you. In this week’s episode, we get to listen to multiple successful people sharing their great, awesome growth, their journey to become successful and thrive in this world. 

 

Make sure you check out this episode and listen to Josh and all the other guests discuss The Making Bank Growth Series

 

(0:42) Top Three Takeaways In Utilizing Growth

It really is a tough road. It will never be easy. At some point you just have to accept that it requires either brain or guts to become successful. So deciding which of these you are stronger in is important and working endlessly with them is the key. 

 

(6:02) Opening Up Multiple Franchises

“I had regional development.I had 42 locations that were basically under my wing, and I helped and I mentored all of the franchisees in that. And, and in return I would get half the royalties,” Erik Van Horn talks about handling multiple franchises.

 

(8:53) 0 to 23 Million In Two Years 

Understanding one part of the business really well like the copywriting and marketing is really important but also make sure that the other aspects of actually running the business is also understood. Pro basic things like your profit and loss, your margins and inventory are all very important.

 

(13:25) Real Estate Sales To The Largest Company In The World

Take advantage of everything you can. Opportunities should be taken without any hesitations. Risks should be taken. Use the awareness to go from hitchhiking around the world or anything of being an entrepreneur.

 

(16:19) Key To Bigger Success

Francis Wolff talks about their journey and challenges that they overcame into becoming one of the most successful businesses in the world. 

(19:51) 30 Employees to 600 Employees

What got you there, won't get you there. What worked with 35 doesn't work with a 100 and what works with a 100 doesn't work with 600. Dynamics will keep changing and you need to keep changing with the growth that you are growing through.

 

(21:19) Major Tip To Be A Successful Entrepreneur

“Your only job is to prioritize. That's all you have to do. You just have to prioritize.” Nir Eyal talks about the major tips that help him become successful. 

 

(25:43) Keep It Simple

Do not learn sales networking, public speaking, like martial mixed martial arts. It gets confusing. Focus on keeping it simple. Forget about all the bells and whistles and just keep it simple.

 

Link:

http://pix.joshfelber.com/LaKZF0cf

The Success Mindset #MakingBank #S7E18

This episode of Making Bank is a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you feel that you are one of those people who never get close to achieving your hopes and dreams because you just end up dreaming without much of a plan or strategy then this episode is just for you. In this week’s episode, we get to listen to multiple successful people sharing their great, awesome ideas and strategies to become successful and thrive in this world. 

 

Make sure you check out this episode and listen to Josh and all the other guests discuss The Success Mindset:

 

(2:30) Key To Achieving Dreams

Many of us do not have a clear-cut goal. We also tend to associate ourselves with the idea that we are not worth it. If we want to achieve our goals we need to know exactly what we need and want. We need to know what we are doing it for. This is our first key to achieving dreams.

 

(4:05) Mindset Of Service

Many say that having motivation due to hunger, money, etc, etc is important and it is but if those are unattached to service, it won't get you out of bed for 10 years. It won't be enough to get you out of bed when the day is bad or when the business fails. Having a mindset of service is also very important. 

 

(5:19) Gratitude As Your Main Fuel For High-Level Performance

Sometimes we keep so many steps, we follow so many strategies to become successful that we forget the most important and simple thing of all and that is gratitude. Being grateful for the things we have in life will drive us a lot farther than we anticipate and with the right skills and mindset, it will help us become successful. 

 

(6:53) Discipline First - Motivation Second

We cannot expect to be motivated to do anything unless we are disciplined with our goals, our plans, and our rules. First, we have to be disciplined, then only we can motivate ourselves to become successful.

 

(8:49) Be All That You Can Be

Never bypass opportunities because you feel like you are not worthy or do not have the experience. It's all nonsense. You can do anything you want in the world. If you wanna do it, you can do it. Just be all that you can be. 

 

(10:36) Extreme Busyness Isn’t Worth It

You have to decide busyness isn't worth it. There has to be another way. And once that decision is made, then all the other pieces can fall into place. Staying busy all the time should never be practiced. 

 

(11:48) Imposter Syndrome; Idea Muscle  

We spend way too much time thinking someone is better than us and we void ourselves of opportunities thinking we won’t be good at them anyway but in reality, we are all just figuring it out. No one is born smart. Everyone is just trying to figure out how life is. That is why it is also so important to exercise the muscles in our brains. We need to keep exercising our brains with ideas so that we can thrive and make it out in this world. 

 

(15:26) Love The Culture And Have Relentless Pursuit

It is very important to also love whatever you do, whatever business you start, and make it like your own culture because when you do that, productivity just increases tenfold. It is also very important to keep having relentless pursuit. Rome was not built in a day. Constant pursuit is the key to success. 

 

(17:39) Loyalty; Negative Mindset

All fortune is in the follow-up and follow-through. If we are not loyal to our choices, our ideas, and our goals we will never achieve success. Having a negative mindset is also something that can ruin our success. Sometimes we can achieve so much and still feel empty and unhappy. This is because we have a negative mindset. Changing the mindset will change the entire narrative of our lives. 

 

(21:14) People Are More Important Than Things

Never forget to have a good relationship with family and friends. It does not matter if you are the richest and most successful person if you are

The Success Mindset #MakingBank #S7E18

This episode of Making Bank is a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you feel that you are one of those people who never get close to achieving your hopes and dreams because you just end up dreaming without much of a plan or strategy then this episode is just for you. In this week’s episode, we get to listen to multiple successful people sharing their great, awesome ideas and strategies to become successful and thrive in this world. 

 

Make sure you check out this episode and listen to Josh and all the other guests discuss The Success Mindset:

 

(0:52) Key To Achieving Dreams

Many of us do not have a clear-cut goal. We also tend to associate ourselves with the idea that we are not worth it. If we want to achieve our goals we need to know exactly what we need and want. We need to know what we are doing it for. This is our first key to achieving dreams.

 

(2:27) Mindset Of Service

Many say that having motivation due to hunger, money, etc, etc is important and it is but if those are unattached to service, it won't get you out of bed for 10 years. It won't be enough to get you out of bed when the day is bad or when the business fails. Having a mindset of service is also very important. 

 

(3:41) Gratitude As Your Main Fuel For High-Level Performance

Sometimes we keep so many steps, we follow so many strategies to become successful that we forget the most important and simple thing of all and that is gratitude. Being grateful for the things we have in life will drive us a lot farther than we anticipate and with the right skills and mindset, it will help us become successful. 

 

(5:15) Discipline First - Motivation Second

We cannot expect to be motivated to do anything unless we are disciplined with our goals, our plans, and our rules. First, we have to be disciplined, then only we can motivate ourselves to become successful.

 

(7:11) Be All That You Can Be

Never bypass opportunities because you feel like you are not worthy or do not have the experience. It's all nonsense. You can do anything you want in the world. If you wanna do it, you can do it. Just be all that you can be. 

 

(8:59) Extreme Busyness Isn’t Worth It

You have to decide busyness isn't worth it. There has to be another way. And once that decision is made, then all the other pieces can fall into place. Staying busy all the time should never be practiced. 

 

(10:10) Imposter Syndrome; Idea Muscle  

We spend way too much time thinking someone is better than us and we void ourselves of opportunities thinking we won’t be good at them anyway but in reality, we are all just figuring it out. No one is born smart. Everyone is just trying to figure out how life is. That is why it is also so important to exercise the muscles in our brains. We need to keep exercising our brains with ideas so that we can thrive and make it out in this world. 

 

(13:41) Love The Culture And Have Relentless Pursuit

It is very important to also love whatever you do, whatever business you start, and make it like your own culture because when you do that, productivity just increases tenfold. It is also very important to keep having relentless pursuit. Rome was not built in a day. Constant pursuit is the key to success. 

 

(16:01) Loyalty; Negative Mindset

All fortune is in the follow-up and follow-through. If we are not loyal to our choices, our ideas, and our goals we will never achieve success. Having a negative mindset is also something that can ruin our success. Sometimes we can achieve so much and still feel empty and unhappy. This is because we have a negative mindset. Changing the mindset will change the entire narrative of our lives. 

 

(19:27) People Are More Important Than Things

Never forget to have a good relationship with family and friends. It does not matter if you are the richest and most successful person if you are a

The Best Of Real Estate #MakingBank ##S7E17

In this episode of Making Bank, it will be a compilation of previous episodes showcasing the mindset and the success strategies of the top 1% so you can amplify your life and your business today. If you ever thought about Real Estate investing then this episode is just for you. The guests will drop some amazing insights and really give different tips and ways to really move into the Real Estate Market, whether it’s Multi Family or Single Home. 

 

Make sure you check out this episode and listen to Josh and all the other guests discuss The Best Of Real Estate:

 

(1:00) Investing - Key Tips

Josh asks Jake and Gino about the various key tips when it comes to investing in Real Estate to which Gino tells that it is important we know clearly what the goal is and what we hope to accomplish. Jake also talks about selecting the market. Focusing on one market, especially if you're new, because you're gonna really need to create those relationships in business and in real estate.

 

(3:28) Buy Right, Manage Right and Finance Right

Jake talks about the three pillars to sound multi-family investing - Buying right, managing right and financing right. How big of a market you are looking at, population wise. What do you need? What is the median income of that submarket or track that you're purchasing? What is the vintage of the asset that you're comfortable with taking down? The list goes on. This will give you clarity and you can quickly remove deals off your desk when they don't make sense, so you're not wasting time with them.

 

(5:16) Life Cycle of Real Estate

As an entrepreneur we will be looking at different ways to place our money. There's real estate, there's residential and there’s multi-family. Here, Salvatore Buscemi will talk about what most people don't, which is the lifestyle of real estate or the life cycle of real estate.

 

(9:36) Scaling Successfully 

Going from 220 to 225 units in five to seven years Avery Carl gives us her main piece of advice and that is to not live off of your rental income only. Just put that back into more properties. This is where people get in trouble, by living off their rental income so they can never use it to go buy another property.

 

(11:36) Biggest Challenges

Many times, the biggest challenge will be property management. Especially if you are doing third party management then you really have to manage that relationship tightly as an asset manager. It is recommended that everyone gets on with their property managers at least once a week. You're the leader of that, you're dictating the cadence of accountability, what things are supposed to look like, and not just saying that this is just an investment and pushing it off and hoping that they take care of it.

 

(14:21) Property Management

For long terms, whether it's multi or single, property management is the way to go. As for the short term clients, they are mainly taught how to manage their property remotely so that they don't have to use a property manager because in the short term, the average property management split is 20% of your gross. It is so much better to manage on their own than to pay a property manager a huge amount of money just for it. 

 

(18:55) Second Rule of Real Estate

Never stop raising capital. Entrepreneurship is self-improvement in disguise and if you can really understand that, then you're gonna have a lot more fun. 

 

(20:04) Key Takeaways

You can't always live in the best market to invest in for short term rental or long term. You don't have to live in the area that you're investing in a short term rental in order to be able to manage it remotely.You promote what you permit. As a business owner, as a parent, if you allow it to happen, that means you're promoting it. And it's the same thing with a property management company.

 

Links mentioned:

Instagram: jakeandgino salvatorembuscemi  theshorttermshop

Twitter: JakeandGino salvatorembuscemi  theshorttermshop

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