Leading Great Teams with Jeffrey Davidson
b'FAR 161 Expected Air Date: 06/23/18
Opening
For most people Real Estate Investing is a Team Sport. You may not have any employees or if you do they won\\u2019t be a large number. This is in part by design. We got into this business to get away from the inherently stifling nature of the corporate world. We didn\\u2019t set out to create another corporate world. We are entrepreneurs. We want to come and go as we please. We want to go to the beach with our spouses and family on Thursday through Sunday. Ok, we want to fly to the Caribbean Thursday and come back Sunday. Or we want to take off and play a couple of golf courses in Alabama on the Robert Trent Jones Golf Trail on a Tuesday and a Wednesday. Whatever you wanted to do with the time, you mainly want it flexible, so we don\\u2019t have much in the way of a staff do we? Even though this is true, we STILL have a team. By the time you are working this business full time, you have assembled a team whether you want to admit it or not. You have a Realtor or three, a couple of general contractors, probably have several handymen, plumbers, and electricians on speed dial, you are getting to know a real estate attorney, you have wholesalers, birddogs, VA\\u2019s and possibly even an employee or two. You have a team. Your team won\\u2019t all be employees but like any team, it needs to be recruited, managed, and maintained with excellence. And this is where today\\u2019s guest shines. Jeffrey Davidson is a master team builder, consultant, and all-around helpful guy. He knows some things about real estate investing too, but his focus day in and day out is helping business leaders lead more effectively. Stay tuned because in just a few moments, he\\u2019s going to lay some wisdom on us all. I\\u2019ll be asking him for leadership tips and hiring expertise. His company is called Leading Great Teams. He will be along in just a few moments.How to Reach us
www.flippingamericanetwork.com Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica YouTube: bit.ly/FlippingAmericaOnYouTube Linkedin: bit.ly/FlippingAmericaOnLinkedIn Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.Announcements:
- Lunch with me every Wednesday.
- Flipping America App is in the app store. You can listen to the show, read the show notes, and n the entire catalog of shows is now available to you. It\\u2019s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
- Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm. \\xa0
News!
- https://www.forbes.com/sites/forbesrealestatecouncil/2018/06/21/a-faster-and-easier-way-to-finance-real-estate-investments/#50c7a2d79cdc
- https://www.forbes.com/sites/forbescommunicationscouncil/2018/06/21/three-ways-to-boost-your-real-estate-brand-with-video/#5104cb83180d
- https://www.chron.com/business/real-estate/article/Real-estate-briefs-Halliburton-Westchase-campus-13012042.php
- http://business.financialpost.com/real-estate/dont-expect-real-estate-agents-to-disappear-any-time-soon
- https://www.businesslive.co.za/fm/money-and-investing/2018-06-21-sirius-real-estate-a-model-that-works-differently/
Guest: \\xa0Jeffrey Davidson, Building Great Teams
Notes from the Interview Three free giveaways www.greatteamsltd.com/more Top Tips for Leaders: Answer the question: How do we define success? Set clear expectations. Over Communicate Follow up. Language is a big issue. 2 examples:- What can you build on?
- Where should we re-focus?
- Find out what they value
- Learn their key skills
- Try them out
- Do you know our company mission?
- Do you talk to each other?
- Do we have the right tools?
- Do we have the best processes?
- Are we interacting as a team?
- Are we working together to make this organization as good as possible?
Comment Line calls and Questions
Call 404-369-1018, press 1 and leave your message!Emails:
Questions@flippingamericaradio.com Tell us where you\\u2019re from!- Carmen, Tampa, FL \\u201cI want to put money into one of your deals, but you never talk about how to do that. How do I do that?
- Fred, Brooklyn, NY \\u201cCan you explain the concept of remote flipping? I would very much prefer to be flipping houses in more affordable areas.\\u201d
- Carlie, Madison, WI \\u201cI have a private lender who wants 15% with no upfront money. He will fund the entire thing. I have a hard money lender who will loan me 85% of my project cost at a rate of 12% but I have to pay 2 points and make a huge down payment. I\\u2019m trying to figure out which is the better way to go but I\\u2019m stuck. I\\u2019m buying the house for 280k. I think I\\u2019ll sell it for 420 when it\\u2019s repaired. The rehab budget is $35,000.
Motivational Thoughts for the day
- \\u201cIf you cannot do great things, do small things in a great way.\\u201d Napoleon Hill