The Myth of Systems for Out-of-State Investors

Pasha: I think systems are truly for everybody. If you want to be more passive in your business, start just thinking about building the businesses that you have on a platform that is scalable. You don't have to be out of the state. It's easier to hone your systems when you're local because you can be there to hone it. And then once you've got it dialed in, you've really opened up this world of expansion.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

You’ve built a sizable rental property portfolio; now, it’s time to relax. You book a trip to the beach, get on your swimsuit, and are about to head out the door, but then, your tenant calls you. “The toilet is leaking,” “I lost my keys,” “The oven just went out.” Instead of enjoying your vacation, you’re spending hours looking up plumbers, locksmiths, and electricians. You’re juggling phone calls while trying to enjoy your time off. Wasn’t real estate investing supposed to be passive?

This is the scenario that most landlords are living in. And it only gets worse the more homes you buy and the more money you make. But, there is a way never to pick up another tenant phone call again while giving your renters the best experience imaginable. All you have to do is build a system like Pasha Maleknia did. Pasha went from 218 tenant phone calls a year to only one by creating and tweaking this passive income system. In today’s episode, he’ll provide the exact steps so you can do it too.

Pasha’s system isn’t complex, and most of it can be built for free. There’s no expensive software or complicated formulas to create this rental portfolio system. If you have some time to set aside from your day, you can build something like this in a matter of hours. So, are you ready to trade tenant phone calls for more trips to the beach? If so, stick around!

Grab Pasha’s system spreadsheet template here.

In This Episode We Cover:

The five-step system to turn a nightmare rental portfolio into truly passive income

Why you DON’T need to spend a lot of money or time building a rental systems

Finding your “why” behind real estate investing and financial freedom

How Henry Washington saved over twenty hours immediately by implementing one super simple system

The two things you need to build any system quickly and cheaply

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Youtube Channel