Episode 3 - Project Management for Real Estate Investors
On this episode, co-hosts Brian Davis (of Davis Real Estate, LLC and Offer Automation) and Dan Riendeau are back – as is Ryan Luby, a guest from Episode 2 of the podcast and Brian’s right-hand man for all things real estate. We’re talking about how we get it done at Davis Real Estate: our 12 Phases for Investment Success. What you’ll learn from this episode: - How Brian runs his real estate investment and development company with the help of 40-50 virtual freelancers (0:44) - How Brian and Ryan use programs like Teamwork and Trello to manage a large virtual team (1:30) - Our initial property evaluation process (Phase 1) (3:36) - Why you can’t rely on the listing agent’s photos when buying a property sight unseen (8:03) - The process of finding the title company or attorney for an out-of-state property (Phase 2) (9:19) - The many steps involved in preparing a contract – and how Brian and co. ensure that nothing falls through the cracks (Phase 3) (11:38) - Why Teamwork is Brian’s preferred project management software for day-to-day real estate matters (14:04) - The resources Brian and his team use to find prospective buyers for wholesale properties (Phase 4) (15:40) - How to make wholesale closing as efficient and easy as possible (Phase 5) (19:28) - What “due diligence” entails when it comes to rehabbing a property (Phase 6) (22:12) - How to determine the scope of work needed on a property – and the best contractors to help (Phase 7) (24:12) - All the essential to-dos for closing and your new property’s pre-repair checklist (Phases 8 & 9) (25:20) - How to manage contractors – and get your rehabbed property ready for sale – from afar (Phase 10 & 11) (26:51) - What to do if you want to cancel a deal (Phase 12) (32:22) - Brian and Ryan’s best advice for new real estate investors (33:44) - What Brian has learned from one of his go-to books, Gary Keller’s The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results (http://a.co/glkWxyR) (38:38) Catch up on past episodes of Not Another! Real Estate Podcast on YouTube (https://www.youtube.com/channel/UCDg952QTPbLEHRFwqGpkdHQ) or SoundCloud (https://soundcloud.com/brian-davis-741151344). We’re also on iTunes and Google Play. Got feedback for our podcast team? Interested in more information about our 12 Phases for Investment Success or our Teamwork template? Seeking a real estate connection in Connecticut? Just want to learn more about Brian Davis and Offer Automation? Reach out to Brian by phone at (860) 919-6996 or by email at info@offerautomation.com, or find us online at http://www.OfferAutomation.com.