Successful real estate investors don't find success alone. Real estate is a relationship business, so eventually, you need someone— an agent, contractor, cleaning lady, or handyman. At times, your success depends on these people, so you need to build a relationship with them. Once you cultivate a relationship, maintenance becomes the next step, but how do you do that? How do you find the balance between too friendly and impersonal? How do you turn a transactional relationship into a transformational one?
Today’s guests, Evan and Katie Miller, have prioritized relationship building in their business and have seen tremendous success. The advantage of investing as a couple is they balance each other out. Evan enjoys numbers, while Katie enjoys working with people—creating the balance they need to be a well-oiled real estate machine. They have sixteen units amongst seven properties in Florida, Denver, and Nebraska.
While growing their real estate business, they both work full-time jobs with a baby at home. Katie is the general manager at the BiggerPockets publishing division, which motivated her to invest because she sees the power of real estate every day. Since they still work full-time, they prioritize time management, relationship building, and organization. Evan and Katie hope to hit fifty properties in five years while keeping their full-time jobs.
In This Episode We Cover
Investing with a spouse or a significant other and how to find balance and set boundaries
Appraisal issues and finding creative solutions vs. knowing when it’s time to step away
Self-management vs. property management and whether outsourcing is worth it
Vetting and finding the right property manager in a new market
How to cultivate and maintain relationships both professionally and personally
Out-of-state investing, learning how to invest in new markets, and the criteria you should have
And So Much More!
Links from the Show
Ashley's Instagram
Tony's Instagram
BiggerPockets
BPCON2022
BiggerPockets Bookstore
Real Estate Rookie Facebook Group
The Money Podcast
The Real Estate Podcast
AirDNA
The Official BiggerPockets Facebook Group
MLS
LoopNet
BiggerPockets Forums
BiggerPockets Free Membership
Real Estate Rookie Youtube Channel
Connect with Evan and Katie:
Evan's Instagram
Katie's Instagram
Evan's BiggerPockets Profile
Katie's BiggerPockets Profile
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-217
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Learn more about your ad choices. Visit megaphone.fm/adchoices
