What does it take to manage properties remotely and the unexpected challenges that come with it?

 

In this episode, Angela dives deep into property management with Gabriel Craft who shares his experiences balancing on-site responsibilities with remote management. The discussion covers the intricacies of creating efficient systems, the importance of hands-on experience, and the reality of dealing with unexpected crises. From personal anecdotes about managing properties while juggling family life to insights on signing complex contracts and training new team members, this episode is a comprehensive guide to the trials and triumphs of property management.

 

 

[00:01 - 05:56] The Remote Investor's Dilemma

• The importance of building reliable systems and procedures
• Balancing remote management with on-site presence
• Handling personal challenges while managing properties

 

[05:57 - 10:13] Learning Through Crisis

• Every challenge offers a learning opportunity
• The significance of hands-on experience in property management
• Developing respect for on-site staff through personal involvement

 

[10:14 - 15:54] The Legal and Administrative Hurdles

• Navigating complex contracts and property management agreements
• The importance of attention to detail in legal documents
• Strategies for managing administrative challenges under pressure

 

[15:55 - 21:22] Gut Instinct vs. Data

• Trusting gut instincts in decision-making
• The limitations and benefits of data-driven decisions
• Effective methods for training new team members

 

 

Key Quotes:

 

 

"If you haven't found something you dislike in your business, you haven't dug deep enough." - Gabriel Craft

 

"If you are doing something that you don't like doing in the business, then maybe you expanded and landed too fast and delegated too quickly." - Gabriel Craft

 

 

 

Connect with Gabriel:

 

Website: https://www.craftcapitalinvestments.com/

Calendar: chatwithgabriel.com

 

 

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