Jim “Jimmy” Murray is a Millennial House Hacker turned corporate dropout by the age of 28. Jimmy co-owns Lyon Property Management with 600 doors under management and is an active investor in the Rhode Island market. Jimmy’s primary focus are 2-3 unit multi-family flips. He also co-hosts a podcast called The Cashflow Kings.

What you’ll learn about in this episode:

How Jimmy got started in real estate through house hacking before experiencing several aspects of real estate and moving into managing residential multifamily properties
Why it’s important to find a property manager that shares your mindset and fits your investment needs and goals
How Jimmy and his team are focused on Rhode Island but are also moving into the emerging market of Massachusetts
Why Jimmy and his team are transitioning more toward assets they own and manage rather than just managing for others
How the global pandemic outbreak has impacted Lyon Property Management, and how the team are working with tenants who are struggling to pay
Why solid communication with tenants, owners and even new clients has been a critical component of weathering the pandemic and its challenges
Jimmy shares how having good mentors impacted his business and taught him how to best work with tenants without being too soft
Why being strategic can help you continue to grow your business and identify new opportunities, even in uncertain times
Why during this incredibly challenging time, you have to “stick with it”, take action, and review your goals periodically

Resources:

Listen to Chris Prefontaine’s guest appearance in Episode 33 of The Cashflow Kings podcast: https://bit.ly/30G7gXo
Website: www.lyonpropertygroup.com/
LinkedIn: www.linkedin.com/in/jemurrayii/

Additional resources:

Website: www.SmartRealEstateCoachPodcast.com/webinar
Website: www.SmartRealEstateCoachPodcast.com/termsbook
Website: www.SmartRealEstateCoachPodcast.com/ebook
Website: www.SmartRealEstateCoach.com/QLS/

Smart Real Estate Coach Podcast Sponsor:

Paul G. Dion CPA, CTC

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