Peter Lohmann's Podcast

LIVE from Broker/Owner: Becoming Your Own Biggest Client with Tracy Streich

Jul 24, 2024

Real estate investor Tracy Streich discusses building a rental property portfolio, property management vs. REI wealth, financing properties, and selling a management company. The podcast highlights strategies for finding properties, managing rental properties, and building wealth through real estate investing.

49:11

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Episode guests

Tracy Streich

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Episode notes

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Quick takeaways

Leveraging property management networks for real estate deals enhances investment opportunities.

Utilizing creative financing strategies, like owner financing, can lead to profitable property acquisitions.

Maximizing property management relationships aids in identifying investment opportunities and building a strong portfolio.

Deep dives

Leveraging Existing Networks for Real Estate Deals

The podcast discusses how leveraging existing networks in property management can lead to successful real estate deals. By staying connected with property owners and being proactive in identifying potential sellers within the network, opportunities for buying or selling properties are more likely to arise. The speaker emphasizes the importance of utilizing relationships with current clients to prompt discussions about selling or purchasing properties, citing examples of successful deals facilitated through existing networks.

Intro

2min

Real Estate Investments: From Managing Properties to Wealth Building

14min

Real Estate Portfolio and Sponsor Testimonial

3min

Managing Rental Properties and Building Wealth

3min

Property Management and Investing Insights

7min

Building Relationships with Banks and Facilitating Introductions for Clients

4min

Strategic Real Estate Investment and Client Consultation

16min

In this special episode, I am joined LIVE from Broker/Owner by Tracy Streich.

In this episode, we discuss:

(00:00:00) - Intro

(00:01:55) - Tracy’s background and career

(00:06:58) - How did you find the time to build your rental property portfolio?

(00:16:18) - Sponsor: Second Nature

(00:17:42) - What does your portfolio look like today?

(00:20:37) - How much easier is it to own a home you manage vs. one you don’t?

(00:24:33) - Have you built more wealth through REI vs. Property Management?

(00:27:16) - How are you financing properties?

(00:30:25) - Sponsor: RentScale

(00:32:30) - Property acquisition walk-through

(00:45:59) - How would you approach selling your management company when you own many of the properties in the portfolio?

Learn more & connect with me here:

⁠Crane⁠, the private community for property management business owners.

⁠My Free PM Newsletter⁠

⁠RL Property Management⁠

Learn more about Tracy Streich here:

Rentersplace

Tracy on LinkedIn

The content of this podcast is for informational purposes only and does not constitute professional advice. I may have consulting agreements with, or financial interests in, companies mentioned in this podcast. Additionally, some of the links included may be affiliate links, meaning I may earn a commission if you make a purchase through these links. Always perform your own due diligence before making any financial or business decisions.

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Peter Lohmann's Podcast

LIVE from Broker/Owner: Becoming Your Own Biggest Client with Tracy Streich

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Leveraging Existing Networks for Real Estate Deals

Creative Financing Strategies for Real Estate Acquisitions

Maximizing Property Management Relationships for Investment Opportunities

Combining Property Management and Real Estate Investment Strategies

Utilizing Local Banking Relationships for Property Financing

Remember Everything You Learn from Podcasts