EP161 Turning Your Real Estate Into A Business

in this episode of "The Real Estate Roundtable." The hosts Glen Sutherland, Aurelien Bonin, and Darcy White discuss various aspects of real estate investing, from Glen's recent San Antonio visit to exploring larger properties, to strategies on scaling a business and implementing systems. The conversation highlights Glen's experience transitioning from small to larger-scale investments, while also discussing the importance of maintaining diversified investment options. They also delve into how crucial it is to develop systems to turn a real estate investment hobby into a sustainable business. Key takeaways include: Scaling the business: Glen shares how he's integrating larger properties into his portfolio while still maintaining smaller investments. Systems and structure: The hosts emphasize the need for setting up systems and documentation to track activities, delegate tasks efficiently, and focus on high-value activities. Building a business: They explore the difference between investing and creating a structured business, advising listeners to think ahead about hiring professionals like lawyers and accountants, especially once the business begins to scale. Using technology: Mention of software like Buildium to manage properties effectively and the importance of leveraging tools like Loom for training and delegation. Post-project reviews: Glen also touches on his habit of reviewing past actions after closing deals or refinancing, creating checklists to ensure more efficient future operations. The episode also addresses the idea that one can be successful in real estate without necessarily building a big business—small-scale, focused strategies can work just as well depending on personal goals. Invitation for listeners to send in questions for future discussions. If you'd like any deeper insights or summaries, feel free to ask! Join Our Facebook Group & Submit Your Questions https://www.facebook.com/groups/roundtablere