How to Build a Real Estate Business in 2023

You want to start a real estate business. The cash flow is calling, and whether you’re looking to build passive income, escape the nine-to-five grind, or set yourself up for early retirement, rental property investing is a smart move to make. But, most real estate investors get it all wrong when building their rental property portfolios. They focus on scaling as fast as possible without building the systems to support a thriving business, leaving them burnt out and tired of the real estate game within only a few years.

Successful real estate investors like Ashley and Tony know that the key to building an unstoppable, profitable, and enjoyable real estate business is simple. To scale, you need to track, budget, outsource, and minimize the time it takes you to bring home the same amount of bacon every day. Of course, this is easier said than done, and many investors go through a lengthy process of trial and error to get there. But you don’t have to. On today’s show, Ashley will walk through the exact things you need to start, scale, and grow a real estate business.

You’ll learn how to track time so you can spend less of your day working, the two most important financial statements you need, budgeting for a business, outsourcing tasks, taking advantage of software, and the apps Ashley and Tony use every day. Want to know more about building a passive-income-generating real estate portfolio? Check out Ashley’s new book "Real Estate Rookie: 90 Days To Your First Investment: https://store.biggerpockets.com/products/real-estate-rookie?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
02:47 Ashley's New Book!
11:32 Know Your Finances
19:26Learn to Budget
24:55 Keep Finances Separate
30:26 Use Software and Start Outsourcing
42:29 Try These Apps
48:42 Grab the Book!

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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
https://www.biggerpockets.com/agent/match?utm_source=owned_media
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Grab Ashley’s New Book and Use Code “Ashley” or “Tony” at Checkout:
https://store.biggerpockets.com/products/real-estate-rookie?utm_source=youtube&utm_medium=description&utm_campaign=none
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Sign Up for the BiggerPockets Bootcamps:
https://www.biggerpockets.com/blog/real-estate-investing-bootcamps?utm_source=youtube&utm_medium=description&utm_campaign=none
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Apps and Software Mentioned in Today’s Episode:
AppFolio: https://www.appfolio.com/
Asana: https://asana.com/
Avail: https://info.avail.co/info/bigger-pockets-sponsorship
Buildium: https://learn.buildium.com/?utm_campaign=2021Q2-bigger-pockets&utm_medium=content&utm_source=bigger-pockets&utm_content=website&utm_term
Google Tasks: https://apps.apple.com/us/app/google-tasks-get-things-done/id1353634006
Google Voice: https://voice.google.com/
Guesty: https://www.guesty.com/
Hospitable: https://hospitable.com/
Hostfully: https://www.hostfully.com/
Invelo: https://inveloapp.com/
Loom: https://www.loom.com/
MileIq: https://mileiq.com/
Monday.com: https://monday.com/
OwnerRez: https://www.ownerreservations.com/
Personal Capital: https://www.personalcapital.com/
Propstream: https://www.propstream.com/bp
Punch List App: https://apps.apple.com/us/app/punch-list-site-audit-report/id1111099528
Quickbooks: https://quickbooks.intuit.com/
RentRedi: https://rentredi.com/biggerpockets
Stessa: https://www.stessa.com/bp/
Time by Quickbooks: https://quickbooks.intuit.com/app/apps/appdetails/quickbooks_time/en-us/
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode 249

Show notes at: https://www.biggerpockets.com/blog/rookie-249?utm_source=youtube&utm_medium=description&utm_campaign=none

#biggerpockets #realestaterookie #rookie249


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