By David Richter
5
109109 ratings
The podcast currently has 244 episodes available.
In this episode of Profit First for REI podcast with David Richter, he interviewed Tiffany Milttal. She is a seasoned multifamily real estate expert with over 13 years of hands-on experience.
Tiffany is the founder and CEO of Utility Ranger. Utility Ranger is a revolutionary tenant utility billing software company founded in 2020.
Today, David and Tiffany talked about her real estate journey, the mechanism of the Ratio Utility Billing System, and how she founded her company, Utility Ranger. Enjoy the show!
Key Takeaways:
[00:44] Introducing Tiffany Milttal
[02:12] Her real estate journey
[04:41] RUBS
[08:01] Switching to the Property Technology side
[10:06] Utility Ranger
[20:19] Property Conservation and Property Appreciation
[24:49] Connect with Tiffany Milttal
[25:42] Lesson learned from her real estate journey
Quotes:
[03:53] "When you have third-party management, you need what you need to know. You know how to asset managed versus property managed."
[06:28] "Utility Billing Service Companies, they are companies that take all these master metered utility bills and rebuild them out to your tenants with a mechanism called RUBS."
[10:06] "How can I take this service model and turn it into a software model? This is how our company Utility Ranger was born."
Connect with Tiffany:
Website: https://utilityranger.com/
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
In this episode of Profit First for REI podcast, we interviewed Josh Chapman. He has been a real estate investor, entrepreneur, and engineer for ten years.
While learning about real estate, he read Profit First and implemented the system immediately. Having the cash flow issues, he wanted to keep his finances organized.
Listen as he shares how Profit First helped him in his real estate investing journey. Enjoy the show!
Key Takeaways:
[01:13] Introducing Josh Chapman
[01:40] His Profit First Journey
[02:51] Cash flow issues
[07:31] Types of real estate he gets into
[10:08] Scaling up properties
[12:57] Life without Profit First
[16:36] Small Town Investment
[17:54] Connect with Josh Chapman
Quotes:
[03:43] "I knew I had to find a system to help keep things organized and not run into cash flow issues as I started other businesses."
[08:26] "Fast forward about six months, I am operating five Airbnb's. I realize there is some great money to be made doing this, but instead of renting properties, I started exploring what it looks like for me to buy properties."
[17:46] "Keep their eyes open. Don't feel like you have to be in the big market. You can do well in small markets."
Connect with Josh:
Email: [email protected]
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
In this episode of Profit First for REI podcast, we interviewed Matt Theriault.
Matt has been a real estate investor for a long time and a big Profit First fan. He shared advice for people on escaping the rat race and how did he stay out of inflation.
He also shared a great insight about real estate, how it allows us to deal with money, and what it produces. Listen and enjoy the show!
Key Takeaways:
[01:07] Introducing Matt Theriault
[02:28] Following the traditional route
[05:47] Rich Dad, Poor Dad introduced passive income to Matt
[10:26] Micro trading
[15:12] Compounding asset
[20:35] A homeowner who owns one house is 40 times wealthier than the renter
[22:05] Matt's book
[23:10] Connect with Matt
[25:53] His advice for real estate investors
Quotes:
[06:39] "Kiyosaki's definition of wealthy is just having more money come in each month than you spend."
[11:38] "You need to be careful on what you hold so dear to your heart and what you believe to be absolute facts... the system will always win."
[19:34[ "You know what? It may be a bad investment, but if that is your only way to get in, get in with your primary residence."
Connect with Matt:
Website: https://epicrealestate.com/
His Book: https://myescapebook.com/freedom-formula
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
There are 15 reasons to love about borrowing private money over traditional money. One of them is making your own rules for your private money.
In this episode of Profit First for REI podcast, Jay Conner, a nationally renowned real estate investor and the king of private money. He talks about how private money works.
Jay helps you get your money from private lenders and will share with you the mindset that will get you money in the door without you ever having to worry about it.
Listen and enjoy the show!
Key Takeaways:
[01:01] Introducing Jay Conner
[05:00] Introduction to private money
[08:30] The Great News Phone Call
[11:23] Why don't you use your own money?
[13:18] Maintaining relationships with private lenders
[15:40] Private money vs traditional money
[22:05] Things that make them want to recommend you
[25:18] Advice for real estate investors
[29:01] Connect with Jay Conner
Quotes:
[07:34] "If you are talking about private money and raising private money with an individual and you got a deal for them to fund, you already sounded desperate."
[12:07] "If you want to scale your business, private money is the way to go."
[16:05] "In this world of private money, we make the rules. We set the interest rate, we sent the length and all of that."
Connect with Jay:
Website: https://www.jayconner.com/book-details/
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
"People must not just be successful financially but become a thriver in life."
In this episode of Profit First for REI podcast, we interviewed Greg Slaughter. He is a real estate investor with a massive portfolio, especially in residential real estate.
Greg talks about his real estate investing journey, through emotional ups and downs. He also shared how he lost everything back in 2008 and how he recovered and went to the best time of his life.
He will ensure that you will be a great business owner and that your business will serve you. Enjoy the show!
Key Takeaways:
[00:49] Introducing Greg Slaughter
[02:01] How he got into real estate
[06:51] His W2 job
[08:30] His first rental property
[12:40] First year being full-time in real estate
[20:54] Business must serve you
[23:07] Helping people financially
[29:10] The right way to do a business
[30:21] Connect with Greg Slaughter
Quotes:
[07:47] "I was trained in the systems. Everything I do is a system, and what I do today is based on systems."
[20:52] "Business is supposed to be serving you. You are not supposed to be serving your business."
[29:10] "The concept isn't to grow business. The concept is to create a business around your lifestyle to provide the finances you desire. It should be built around you."
Connect with Greg:
Website: https://www.gregslaughter.com/
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
In this episode of Profit First for REI podcast, we are sitting down with Jennifer Steward of REI Data Source, to unveil the secret weapon you've been missing: authenticity.
Jen will crack the code on how to project a winning image that seals the deal…But wait, there's more! Learn the top revenue activities every entrepreneur should master and discover the power of consistent strategies to solve your REI problems.
This episode is your blueprint to a thriving virtual business. Don't miss out!
Key Takeaways:
[0:50] Introducing Jennifer Steward
[6:07] Project an image of success from time to time
[9:16] Some best revenue activities that every entrepreneur should know
[11:00] Leveraging every avenue that you can, get consistency, and make sure you’re solving current problems
[17:43] The golden ratio in social media marketing is: 90% business and 10% personal
[25:02] The benefits of running a virtual business
Quotes:
[4:20] “Authenticity is like a business repellant.”
[10:09] “In a market where you can’t dind deals but there’s plenty of money, you have to be the person who knows how to find the deals.”
Connect with Jennifer:
REI Data Source Website: https://www.reidatasource.net
Jen’s Email: [email protected]
Phone Number: (469) 952-8011
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
In this episode of Profit First for REI podcast, we have Amanda Webster. She is a business funding educator, credit expert, leadership consultant, and speaker. She is also the Chief Operating Officer of Fund&Grow.
Amanda talks about her relationship with her CEO, things about purchasing properties or building your business credit and making sure that you are not just always spending your own money. This episode is for you! Enjoy the show!
Key Takeaways:
[00:56] Introducing Amanda Webster
[02:41] How she started working with Fund&Grow
[04:32] Law of attraction
[09:03] What makes a successful COO-CEO relationship
[12:38] About Fund&Grow
[18:12] Personal guarantees
[21:00] The lines of credit
[28:00] The advantage of using credit cards
[30:36] Connect with Amanda Webster
Quotes:
[05:29] "Leadership is what dictates the success of the company and its employees."
[19:04] "A lot of people don't realize the importance of separating business and personal business and how much over-extending your personal hurts you in so many ways."
[28:06] "There is an extreme amount of value in using business credit cards because there are points, rewards, and cashback."
Connect with Amanda:
Website: https://funding.fundandgrow.com/simple-cfo
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
In this episode of the Profit First for REI podcast, we have Shauna, the Tax Goddess. Shauna is a highly sought-after Tax Strategist who helps successful business owners, entrepreneurs, and high-wage earners reduce their tax burden.
If you need practical advice on keeping more money in your pocket and not paying too much tax, Shauna has a wealth of knowledge!
In this episode, she shares ways to save money on taxes and more ways to increase your profitability. Enjoy the show!
Key Takeaways:
[00:55] Introducing Shauna the Tax Goddess
[01:45] 'The Tax Goddess'
[03:18] How did she become a tax strategist?
[07:25] Ordinary, necessary, reasonable
[12:28] Different tax strategies
[17:29] What is your aggression scale?
[19:51] Specific tips for real estate investors
[25:45] Performance vs Culture
[28:40] Connect with Shauna, The Tax Goddess
Quotes:
[10:49] "A lot of what you do as a business owner, you need to run through this filter of ordinary, necessary, and reasonable to determine if for you and what you are doing, you believe that you need those three."
[16:24] "Which strategy will be the best depends on what you as a taxpayer want for you, your family, and your wife."
[18:09] "Your aggression scale will determine which strategies you can use or don't use."
Connect with Shauna:
Website: https://taxgoddess.com/
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
Know other people's stories. It is Scot Poirier's striking advice for investors on their first deal.
In this episode of the Profit First for REI podcast, Scot, a successful real estate investor and coach, gives you practical advice on investing in real estate and how to get a seller to open up.
He also shares his story of his first deal and the challenges he overcame in his journey. Listen to have the right motivation and hope to pursue your real estate investing journey. Enjoy the show!
Key Takeaways:
[00:39] Introducing Scot Poirier
[02:55] Life before real estate investing
[06:17] His very first deal
[09:57] After repair value
[10:49] The wake-up call
[16:51] Learning about people
[25:28] How can you make people open up to you?
[30:22] Remove 'permission language'
[33:10] Connect with Scot Poirier
Quotes:
[05:13] "People are people. They have crises, and they need to have a sense of trust to work with you."
[10:51] "When you don't know that you don't know, you might get lucky on a deal, but when the other shoot drops, it hurts."
[29:12] "Don't give up. Surround yourself with good people. People that have your interest in mind."
Connect with Scot:
Website: https://www.facebook.com/scot.poirier
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
Joining us in this episode of Profit First for REI podcast is Chris Johnsen. He is a lawyer in the real estate space and worked primarily for commercial real estate.
In this episode, Chris talks about the common pitfalls people go through in real estate and when you need a lawyer in your business.
Listen as he explains why you should hire a lawyer for your business contracts. Enjoy the show!
Key Takeaways:
[01:03] Introducing Chris Johnsen
[04:34] Getting into a specific niche as a lawyer
[09:03] Education as an investment
[14:52] The Golden Handcuffs
[17:21] Most common questions he gets as a lawyer
[23:20] Operating Agreement
[26:48] At what point should people get a lawyer?
[30:47] Connect with Chris Johnsen
Quotes:
[02:43] "I saw two things in lawyers. I saw that they provide value that is needed and are expensive."
[09:03] "You should look at your education as an investment in yourself."
[23:20] "Operating agreement is a contract between the company's owners on how to run the company... there are so many pitfalls."
Connect with Chris:
Website: https://www.johnsenlaw.com/
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. - David
The podcast currently has 244 episodes available.
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