How is technology's evolution impacting how real estate investors manage their properties?

 

Today, Taylor is sitting down with Vikas Gupta, CEO of Azibo, a property technology company for real estate investors, to discuss the availability of tech, how it can make rental properties easier to manage, and the trends they see in the market. They dive into how Azibo's software helps maximize tax benefits and optimize operations through data exchanges and insights into the market. Plus, they explore the importance of building good relationships with agents, lenders, property managers, and vendors for successful real estate investing.

 

Don't miss this episode to get the inside scoop on how you can leverage technology to make the most out of your rental properties!

 

 

[00:01 - 07:30] Opening Segment

• Introducing Azibo, a property technology company for real estate investors

How to streamline the management of properties, from rent collections to maintenance requests and lease signings

• The reason why real estate investors have not streamlined their operations with technology

• Vikas' extensive background in technology, having worked at startups, VCs, enterprise data companies

 

[07:31 - 14:55] A Purpose-Built Accounting Suite for Property Owners

• Business value props like saving time, money and maximizing returns

• The onboarding process is straightforward, with bulk onboarding options available

• Recently launched accounting suite better than QuickBooks for property owners

• Adoption not as high as expected due to people not wanting to think about accounting until tax time

 

[14:56 - 22:16] A Guide to Optimizing Real Estate Operations

• Clean books are essential to maximize tax benefits in real estate

Automation can help people spend less time on their books

Data exchanges and sharing data can be beneficial

• How Azibo helps customers save 1 to 2 hours a month per unit they own

 

[22:17 - 25:38] The Most Important Lesson in Business and Investing

• Real estate investors, in general, aren't great at cyber security

• The importance of two-factor authentication and having a bunch of Fraud checks and screening

Know your customer, know your business checks to protect tenants from fraudsters

• More security does introduce more friction into the system

 

[25:39 - 30:49] Closing Segment

• Best investment: Index funds

• Worst investment: Investing in stocks and crypto

• Most important lesson learned: The importance of a team

 

 

Quotes:

 

 

“No one wants to think about accounting until it's tax time.” - Vikas Gupta

 

“In order to know if you're paying too much, you need to know how much you're paying.” - Vikas Gupta

 

“Being able to optimize your business requires understanding your business, and understanding your business requires having a very good understanding of the finances and the cash flows both in and out.” - Vikas Gupta

 

 

 

Connect with Vikas!

 

Email: [email protected] 

Website: https://www.azibo.com/ 

 

 

Apply to Invest with Taylor at www.investwithtaylor.com

 

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

 

Please leave a review and help others escape Wall Street and build wealth on Main Street!