In this episode, Nick Baldo delves into understanding internal labor in the deliverables app, accounting for time, and distinguishing between internal and external labor. He explains how to leverage Podio's calendar view for resource allocation, delves into budgeting in project management, calculating project costs, and adjusting budgets. He also emphasizes the importance of the 'lessons learned' field in budgeting.
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Project management is one of the most commonly overlooked and underrated topics in real estate investing. Podio makes it easy!
(0:00) Introduction and recap of the previous podcast episode
(1:13) Understanding internal labor in the deliverables app
(2:32) How to account for your time and distinguish between internal and external labor
(4:42) Leveraging Podio's calendar view for resource allocation
(6:34) Deep dive into budgeting in project management and calculating project costs
(8:26) Categorizing work and adjusting budgets with table view
(9:17) The importance of the 'lessons learned' field in budgeting
(10:07) Conclusion and preview of the next podcast episode