Cashflow Diary™

Latest Episodes:

CFD 278 - [REPLAY] 203 - Ryan Moran Learned to Correct His Course to Reach Big Cashflow Shores May 30, 2016

Show notes

🔍 GET THE STR INSIGHTS THAT CREATED 7-FIGURE HOSTS
After managing 400+ units and helping STR hosts in 17 countries achieve $800+ monthly net income per bedroom, I'm sharing my best strategies - free.

Every Monday and Thursday, you'll get:
✓ One actionable STR automation strategy
✓ Data-driven market insights that matter
✓ Implementation frameworks that work
✓ Real case studies from our 20,000+ community

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

As we move through this month and this $100K series I have the honor of interviewing individuals who earn a whole lot of cashflow from their ventures and interests. The focus of these interviews is on how these people felt the first time they experienced a $100K month. Cash Flow Diary guest Ryan Moran – a killer entrepreneur, marketing specialist, speaker, author and new daddy – says for him it was like breaking through a glass ceiling that really wasn’t there. Once he hit that mark he realized that he was the only one holding him back, and that all the BS he bought into about not being able to reach this level. He did it, and not just once. For him how to get there was demystified, and now he wishes he could give people a pill to make them understand that they really can get to their financial goals. Ryan says that hitting his first $100K month didn’t feel much different than when he hit his first $10K month. Now he’s aiming at earning a million dollars in a month! Ryan says hitting high-dollar goals boils down to systems. Ryan says the first step is finding the leads and market to them on a continued basis. The second step is to be bold and ask for bigger dollar amounts in what you’re selling. Listen in on this fantastically empowering interview as I discuss with Ryan the importance of lead generation and automating your marketing. This is something my team and I have had to learn to do, and it’s something you need to learn if you want to be successful. Listen to all Ryan has to say about the importance of making mistakes… and how if he hadn’t made a number of mistakes that he wouldn’t be where he is today. Ryan also talks about the difference between failure and feedback. The latter is very valuable to other people because you can educate others on what not to do! Learn more.

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Are you tired of working harder instead of smarter in your STR business? Here's a wake-up call: The most successful hosts aren't grinding 24/7 – they're leveraging a proven formula that transforms average properties into profit powerhouses.

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

This isn't just another fancy acronym – it's the exact blueprint top performers use to:
• Generate consistent leads without burning out
• Convert browsers into eager bookers
• Maximize guest frequency (hello, repeat customers!)
• Amplify their margins while others race to the bottom

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Join our newsletter today and get weekly insights that will help you:
✓ Master the Growth Formula
✓ Optimize your listing for maximum visibility
✓ Create an irresistible guest experience
✓ Scale your business the smart way

Don't let another day pass watching others succeed while you're stuck in the grind.

👉 Click here to join the newsletter and start your journey to the top 10%!

CFD 277 - Data Ninja Daren Blomquist Tells Us Why Being a “Data Nerd” is a Good Thing May 26, 2016

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

Senior Vice President of Communications at RealtyTrac, Daren Blomquist tells stories about the housing market in a unique way. He does it with data! That means the story is very, very accurate. Maybe that’s why RealtyTrac is so widely used by professionals in the real estate industry and investors alike.

Before Daren was the “Data Geek” he is today, he was a newspaper reporter in Illinois. A big part of his job was researching, using data to help him write stories and learning how to paint the big picture for readers. Eventually he moved to California where he joined a little startup company in the customer service department. Daren says that was a really good thing, because he got to talk to a lot of customers. It gave him the inside “Trac” on what they wanted. That information comes in handy to Daren in his current position.

Today, Daren is one of the company’s longest-term employees and has been with RealtyTrac since 2001. A noted real estate expert – on home sales trends, tax and deed loan information, property values; investor and cash sales share of the market, foreclosure activity and rates as well as extensive neighborhood and environmental data and overall housing market trends.

Daren is directly responsible for the creation of the company’s comprehensive real estate reports, which are cited by thousands of media outlets nationwide — including all the major news networks and leading publications such as The Wall Street Journal, The New York Times and USA TODAY. He has been quoted in hundreds of national and local publications and has appeared on many national network broadcasts, including CBS, ABC, CNN, CNBC, FOX Business and Bloomberg.

One of the things Daren says RealtyTrac wants to stay true to is being transparent. He says it’s not about “spin” but the full picture of what’s going on in the real estate market. At its core, RealtyTrac is a data provider, and while its strong suit is foreclosure data the company continues to evolve. Now there is total transparency in the data they provide so that investors can use the site to determine is a property is a go or no-go deal.

At www.RealtyTrac.com you can access their entire and incredibly impressive database of properties using a massive number of filters to find only the types of properties you like. (That’s called knowing your Investor Identity!)

While the data reflects US properties only, there are plenty of international investors who use the system to figure out good investments. This includes commercial properties. So everything you are interested in, from single-family houses to multifamily properties to commercial properties, you can find them on RealtyTrac.

Daren is also a trend spotter. According to his data, he’s seeing a few trends in the market today. The most noticeable is that the market is trending back from a distressed market and adjusting to the middle of the road. While that’s good for now… there’s big change coming, because the market trends are cyclic. Already there are indicators that certain bubbles are going to burst soon, because in some areas there are extreme pricing peaks. San Francisco is one of those markets.

Learn more. LISTEN NOW.

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Don't let another day pass watching others succeed while you're stuck in the grind.

👉 Click here to join the newsletter and start your journey to the top 10%!

CFD 276 - How to Set Up Your Week for Maximum Productivity May 23, 2016

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

Have you ever struggled to get everything done in the 100+ hours you have each week? If you want to CRUSH IT as a productive person, no matter what you are doing in your business and life, listen to this episode of the Cash Flow Diary podcast! It is taken from a recent Periscope session I did, which is something I’m doing a lot of lately. (Cuz it is that awesome!)

If you haven’t started following me there yet, why not? You are missing out on pretty cool live learning opportunities. Go to www.periscope.tv/cashflowdiary and join.

So what’s it take to be more productive? First, you need to set goals and structure a plan to get there. You back into your plan. For example, let’s say you want to raise $25,000 this week. What steps are you going to take to do that capital raise? What assets do you have that you can use that will help you?

By that I mean… do you have a podcast? Do you Scope? Do you have an eBook, checklist, or other thing you can sell right now that you own and control to raise that money? The long and short of it is that you should be using your time to create assets that you don’t just sell but that you can also use to show other people that you are the local expert in what you are doing… let’s just in real estate investing.

Now, let’s just say you need $25K and you have a couple of assets already. Let’s say you have a product that sells for $1000. How many units do you need to sell this week to get to your goal? You have to devote the time to marketing that asset. With today’s at-our-fingertips technologies, that part’s a whole lot easier than it ever has been.

Here’s the deal… we all have the same amount of time each and every day. We all have different schedules, but we can all find the time to devote to creating new assets. I’m not just talking about assets you can sell, like an eBook, but also building your real estate portfolio. It all boils down to finding the time to do those things you say you want to do. (I promise it will take lots of late nights and burning the midnight oil at first, but the outcome is way worth it.)

In this episode I talk about structuring your plan in a way that will make sure you get to your goals every week. Like how many people you need to talk to in order to set 20 appointments this week… which is particularly crucial if your goal is to raise capital for your real estate deals. You’ll learn WHY you want to set appointments and what you’re going to talk to them about. You’ll also learn the importance of backing into your plan.

This is a golden learning opportunity. While the main focus is on productivity boosters I also answer a whole bunch of questions on different topics inside and outside real estate. Don’t miss it. Learn more. Listen now.

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Don't let another day pass watching others succeed while you're stuck in the grind.

👉 Click here to join the newsletter and start your journey to the top 10%!

CFD 275 - What's Required to Be Successful In Business May 19, 2016

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

You might have noticed that I’m really into livestreaming lately, and because it’s a great way to reach more people become bigger, badder, better real estate investors and entrepreneurs I’m going to keep doing it. For the most part you’ll see me live on Periscope. If you want to follow me there so you know when I’m going live (because the app sends you a quick alert right before I go live), go to www.periscope.tv/cashflowdiary.

In this episode of the Cash Flow Diary podcast you’ll get to listen in on one of my first few Periscopes. The topic is value-driven business and how to be successful in business and entrepreneurship. You’ll also realize pretty quickly why I’m doing Periscopes. My reach immediately expanded. There are viewers from all over the globe. That’s pretty cool.

The long and short of it is that being in business for yourself is possible if you so decide. But you must make a shift in your mind first. You have to decide that you want to provide value of some shape or form. For me it’s real estate investing; for you it could be something else. But here’s the deal… if you have a passion for something, you aren’t serving your purpose unless you go for your dreams.

Life is not a video game, folks. It’s not like you get a bunch of do-overs. While failure with things you try will be a part of your success, stopping short of your goals isn’t going to do anything to change your life… and not taking steps in the first place isn’t going to do much either.

In this episode you will hear my story again, because I’m talking to a new audience and they don’t know me. If you notice, your story can become part of your message in business. It helps to humanize you and show people your WHY of doing what you do. You’ll also hear a lot of good information that you can use right now… today… if you choose to use it. That’s why I’m doing my podcast, livestreams and live events; that’s why my team and I continue to build great educational materials and opportunities… to share my information and motivate you to become the entrepreneur you want to be.

Learn more. LISTEN NOW.

(01:46) - Marker 1

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Don't let another day pass watching others succeed while you're stuck in the grind.

👉 Click here to join the newsletter and start your journey to the top 10%!

CFD 274 – How I Did My First 117 Units of Property and Beyond May 16, 2016

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

In this short Cash Flow diary podcast episode I talk about a few of the basics, like how I did my first deals (because I get the question all the time), how to raise capital and how to generate leads. What you’ll learn is to do things in a certain sequence, which will help get others to enroll in your process. It’s like planting your lands in preparation for a harvest. You have to plow the land, prepare the soil, seed it, do a few more things to keep cultivating and nurturing your crops… and finally get to the harvest. (In real estate transactions, the close of the deal is your harvest.)

In this episode you will learn about the importance of conducting the III interview (triple “I”) with everyone you want to work with. That’s because you want your buyers, investors and sellers to be in total alignment with your goals, mission and vision. If they don’t fit you can’t force them to fit. If you do, you’ll be sorry at some point down the road.

You’ll also learn how to generate leads wherever you go. Whether that’s at Starbucks or the mall or in line at the grocery store. Again, it’s like planting seeds. You don’t just plant in one spot. You spread them around so you get a big, healthy crop.

If you want a better look at generating leads in the real world, you need to check out our Lead Machine Video Course. If you do, you can actually begin generating leads minutes after taking the course! It happens all the time. (It gives you all my offline lead-generation strategies I used when I was starting out as an investor and strategies I use even today!)

You will want to take notes as you listen to this episode. It is taken from a recent Periscope session I did on lead generation. We are archiving these videos in our member area, so if you are a Cashflow Core Member you can go watch it and take screen shots of the graphics I drew in this one! (BTW, you’ll hear my kids in the background. They have taken the role of my official “heart monitors” because we’re trying to reach a million hearts on Periscope by the end of the month.) Learn more. LISTEN NOW.

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Don't let another day pass watching others succeed while you're stuck in the grind.

👉 Click here to join the newsletter and start your journey to the top 10%!

CFD 273 - Michael J. Maher Says Stop Chasing Prospects, Start Building Relationships and Watch Your Referrals Bloom! May 12, 2016

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

Cash Flow Diary podcast guest Michael J. Maher is a true king of referrals. He’s learned the secrets to sales success… and it’s not chasing people down in parking lots. Before we get into that, let’s talk about Michael roots.

It’s not like Michael was born with a silver spoon in his mouth nor did he grow up just knowing how to be great at sales. Quite the contrary. He grew up impoverished in Kansas but in a loving family. Michael’s dad was a bus driver by day and a volunteer sports coach for kids three times over by night. Michael’s mom stayed at home with him and his four siblings.

As Michael watched his mother and father, he learned the importance of hard work and good ethics. He also learned that if someone asks you if they can help you with something you simply say YES.

Michael may have started out with zero dollars and a whole lot of drive to build his business, but he amassed millions of dollars and a fantastic reputation through doing business as a real estate professional in an ethical way that more of us should replicate. He says that there is a power behind generosity and that’s his “big secret” to success. (That and the power of saying yes.)

He also says that we have to accept compliments, which for whatever reason is hard for some of us. If someone compliments your shirt or shoes, just say thank you. It’s actually a gift back to them.

Further, if someone asks you if there is something they can do for you (because they like whatever you did for them or just because they want to do something for you), say yes… send me referrals!

Getting referrals is Michael’s super power. But he didn’t always know it. In fact, it wasn’t until he was being interviewed on Star Power where he was talking about what he did in real estate that what he had accomplished and his true abilities were mirrored back to him. The host called him “the most referred real estate agent,” which ended up making Michael’s phone blow up afterwards with calls and referrals.

At that point, Michael knew he was onto something great. He began speaking and teaching others to do what he knew how to do. He taught them to grow their business through a spirit of generosity and by asking for referrals.

If you’re sitting on the Struggle Bus right now wanting desperately to get off and have a better life, listen to this episode all the way to the end. It will inspire you! You’ll learn how to approach sales in a whole new and way more effective way. Learn more. LISTEN NOW.

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Don't let another day pass watching others succeed while you're stuck in the grind.

👉 Click here to join the newsletter and start your journey to the top 10%!

CFD 272 - Tracy Hazzard Helps Us Take Our Ideas Into the Real World May 09, 2016

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

Orange County, California-based husband and wife product designer team Tom and Tracy Hazzard have spent more than 20 years living and designing together. Most recently Tom and Tracy have added to their resumes some impressive credentials (as if their credentials weren’t already mighty impressive).

They can now add being 3D Print Product Designers, podcast hosts and authors of IP Battle Scars, Lessons and Evasive Tactics to their list of joint credits. As if that’s not enough, Tracy recently launched a cool new column called By Design for Inc. magazine!

While this inventive couple have taken a lot of their own ideas to market they wanted to help others do the same. For clients they solve the problem of what to make, how to make it stand out and what it takes to make it competition-proof. Talk about knowing your customer!

Collectively Tom and Tracy have designed and developed over 250+ retail products that generate more than $750 million dollars in revenue. They hold over 35 utility and design patents themselves with an 86% commercialization rate, which is double the USPTO-reported national average.

This power pair knows what it takes to fight Goliath for patent infringement and win… and why it’s not worth it (their experiences are even featured in an entrepreneurship course at Northwestern University’s Kellogg School of Management).

Join us as Tracy talks about their path and tell us what it takes to get your ideas into the marketplace. In this episode of the Cash Flow Diary podcast there are lots of lessons about problem-solving and developing systems that make your business work far better than it does today.

There are some similarities between what Tracy and Tom do and what you as a real estate entrepreneur will do. They solve problems, they have to align the new idea with a particular market, they have to stay on task, they have to stay focused and they have to make go/no-go decisions. Oh, and they need to have an exit strategy in place at the get-go.

You’ll want to grab a pen and paper for this episode, because this one has some really fresh information. If you’ve ever had a great idea for a product, you will want to pay really close attention. Learn more. Listen now.

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Don't let another day pass watching others succeed while you're stuck in the grind.

👉 Click here to join the newsletter and start your journey to the top 10%!

CFD 271 - Steve Rohr Tells Us How to Untie Our Tongues and Free Ourselves from Fear May 05, 2016

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

In this 271st episode of the Cash Flow Diary podcast, I get to talk to Steve Rohr, a guy who has a lot to say about, well, speaking. If you get tongue-tied in front of other people or would love to get up on stage in front of audiences… if only you could overcome your stage fright… this is the episode for you!

Steve co-authored the book SCARED SPEECHLESS, which lays out the path to how you can get past your fear of speaking. In this insightful episode of the podcast, Steve tells us that there are reasons for the fear, like the fear of being judged. (Because we all judge all day long, right?)

The fact is that when we’re sitting in an audience we are there to being entertained… not to judge. We are on the side of the speaker. So when you’re up in front of audiences large or small remember that the audience in on your side. No one is going to throw rotten vegetables.

In his book, Steve gives nine ways to help us over the speaking-in-public hump. He talks about why we have fear and why fear is actually a good thing. By dissecting the primitive brain he helps us understand that the part of the brain that triggers the fight or flight response doesn’t know the difference between running from a dinosaur and getting up on stage.

By the end of this episode you will have a new understanding of why you don’t have to be perfect during your presentations, why you want to be authentic and how to get through your time in the light. You will learn how to find your authentic voice, no matter where you are… on stage or off. Learn more. LISTEN NOW.

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Don't let another day pass watching others succeed while you're stuck in the grind.

👉 Click here to join the newsletter and start your journey to the top 10%!

CFD 270 - [REPLAY] Episode 161 - Don’t let your IRA be so lazy! Put it to work creating cashflow… May 02, 2016

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

Did you know you can use some types of IRA accounts for investing purposes? Like a self-directed IRA, where you get to make your own decisions about how the money in your account is used. That means your IRA gets to invest in Real Estate transactions and in businesses. But before you rush to your IRA manager, take a breath and educate yourself a little. As with any IRA there are rules and prohibited transactions. That’s what this incredibly informative Cash Flow Diary podcast episode covers. Taken from a live webinar featuring J. Massey and Udirect’s very own Kaaren Hall that we recorded at the end of 2014, this episode promises to give you much of what you need to know about the power of using a self-directed IRA. Take notes as Kaaren talks about “sweat equity” and how the IRS says you cannot “over-contribute sweat equity” in a property in which the IRA invests. That means you cannot be the one to swing a hammer in the rehab process. You can’t get your hands dirty doing any of the improvements. Kaaren also explains in depth about prohibited transactions, for example, you can’t always do business with relatives, family members or even in-laws. There are good reasons for this ruling. If you want to avoid legal hot water, you need to learn how to manage your self-directed IRA. There are many grey areas. You need to be very clear on using an IRA for investing purposes. The great news is that you absolutely can use your IRA and it’s a smart way to create much brighter, financially fit golden years. Learn more.

🏠 Want to Join the Elite 10% of Short-Term Rental Hosts?

Dear Future Top Performer,

Let me share something game-changing with you...

There's a simple yet powerful equation that's revolutionizing the STR industry:
L × C × F × M = GP

Right now, you're probably leaving thousands on the table. The truth? 80% of your potential profits are locked behind just 20% of the right actions.

Ready to stop bleeding money and start leading the pack?

Don't let another day pass watching others succeed while you're stuck in the grind.

👉 Click here to join the newsletter and start your journey to the top 10%!

CFD 269 - Rod Khleif Tells Us to Eat, Breathe and Live Real Estate to Find Our WHY… Apr 28, 2016

Show notes

No fluff. No theory. Just proven systems from my living room "office" (fueled by Celsius and Chick-fil-A).

These are the exact insights that help our community achieve:
• 30%+ profit margins
• 80% automated guest communication
• 5+ hours saved weekly

👉 Join 20,000+ successful STR hosts at https://newsletter.cashflowdiary.com/welcome

Now, let's dive into today's episode...

Ever wonder what it would be like to own 2,000 units of property? Like lots of properties and even a few apartment buildings? Well, you’re going to want to listen to this episode of the Cash Flow Diary podcast all the way to the end. Today’s guest, fellow podcast host, philanthropist and big-time real estate investor Rod Khleif has owned and managed that many units and helps a whole lotta people in the process.

So when did Rod’s love of real estate investing kick in? In his teen years when he saw his mother save up money by babysitting other people’s children to purchase a family home. Rod thought it would be neat to get into real estate, so he became an agent very early in life. He even had his face plastered across some outdoor advertising. But he didn’t end up earning much money as an agent.

Rod then started looking at real estate with new eyes… the eyes of an investor. At the age of 21 he bought his first house. He was on his way to the success he craved as an investor.

While Rod had a lot of successes, he also had a number of failure events. He calls them his “seminars” because he learned a lot from each failure event. He says these events are absolutely necessary, and we can’t fear them. We just have to be willing to put the time in to learn and grow and do… one step at a time.

One of the things Rod says he learned is that real estate goes in cycles. By that he means markets go up and markets go down. Real estate investing works in any market, but you need the right strategies. His is buying and holding… and renting properties to tenants. That’s his sweet spot. He’s not a flipper; rather he wants to hold onto the properties over the long haul.

Rod also says that it can be easier to buy a small commercial property, for example, apartment buildings than to buy one single-family house. It can be easier to rent apartments out, too. There are other benefits to owning apartment buildings vs. several single-family houses, like the fact that all the units are under the same roof vs. having properties scattered around the area. After all, which is easier to manage and maintain?

If you want to learn about the importance of failure, why success is not a destination but rather a journey, why you’re “stuck” while you really want to move forward, and how to step up your game, listen to this episode. (You’ll also learn a few ways to push yourself forward, no matter what, and the importance of writing your goals down and visualizing what you really want out of life.) Learn more. LISTEN NOW.

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