Living Off Rentals: #83 - How to Get More Time Back as a Rental Property Owner

#83 - How to Get More Time Back as a Rental Property Owner - Mark Dolfini

Sep 15, 2021

Joining me on the show is Mark Dolfini. In 2007, he had 92 rental properties that gave him about $65,000 a month. Now, he is known as the Landlord Coach, and he has authored 3 real estate books.

In this episode, Mark looks back on how he got into the real estate space, stressing the importance of time. He then dives into his “vision, infrastructure, and process” formula and how it can be applied. Mark also shares nuggets of wisdom on building your portfolio and your business, drawing from portions of his book, The Time-Wealthy Investor 2.0.

Listen and learn from a rental and property management expert to go from self-employed rental housing provider to business owner!

Key Takeaways

[02:25] Mark’s military and real estate background

[08:10] The importance of time

[11:24] The events that led Mark to realize that his situation wasn’t sustainable

[16:12] On budgeting for maintenance and leasing expenses

[23:30] Why and how Mark came up with his VIP method

[29:42] It’s not about the number of units but what generates the most cash flow and frees up more time for you

[35:05] On multiple lines of complexity and the fallacy that multifamily is easier

[40:20] Set up a structure that will line you up with your vision

[43:50] On getting a virtual assistant

[50:32] Mark’s observations about new investors and his advice for them

Links