The Property Podcast TPP583: How we manage million-pound portfolios in 1 hour per month
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May 16, 2024 Rob & Rob discuss how to efficiently manage million-pound property portfolios in just 60 minutes a month. They highlight the importance of time management, property sourcing, management strategies, and becoming the CEO of your portfolio. The episode also features insights on using digital tools and AI technologies like Claude AI for enhanced efficiency.
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Time Tracking Anecdote
- Rob D tracked his portfolio management time using the Toggl app.
- He discovered he spent less than an hour per month, even during active buying and selling periods.
Outsource Viewings
- Outsource property viewings to save time, whether through a sourcing company or by hiring individuals.
- Validate the quality of their research and reporting, even with trusted sources.
Employ a Middle Layer
- Letting agents are necessary but insufficient for hands-off management.
- Employ a middle layer, such as a PA, to manage agents, handle routine tasks, and filter issues.