Can you handle the truth about building a passive income lifestyle? Because during the discussions on real estate investing and building a solid portfolio of income property, some of the most important aspects often get lost.
During the minutia that comes with running a business sometimes we forget why we are investing in the first place, namely our lifestyle and time wealth. Without our over-arching goal in mind and processes finally in place we entrepreneur-investors can end up a frustrated employee in a bad job with a boss (you) that can be a jerk.
TRACTION VS. BEING STUCK
For many investors, we want the financial freedom and independence that comes from a properly set up and running business that throws off enough cash to fund a lifestyle that’s both comfortable, secure and rewarding. But what often happens is we create a business that’s dependent on our mostly own involvement in order to make the business run. Over time we actually become a bottleneck in our business and hinder our growth and profitability.
OR WORSE: LOSING CONTROL
So no matter how hard we try the business never gets traction. No matter how many hours we work we can’t get a grip on the business but instead the business has a grip on us… not allowing us to have a lifestyle we’re seeking. If fact, we may feel like we’re losing control instead of gain more control of our life and freedom with our time and finances.
FROM THE SCHOOL OF HARD KNOCKS
Our guest insider has been through the good and the bad that comes with a real estate business. Mark was working 20 hour days managing 90 rental units by himself and making a lot of money, about $65,000 a month in revenue, but found his quality of life really suffering.
PERHAPS YOU CAN RELATE
Mark’s lifestyle was bankrupt which then affected his health and his business. He documented how he worked through that, in his book The Time-Wealthy Investor where he outlines his VIP Process of setting up a real estate business to own more, work less, and creating the life you want.
THE RUMORS ARE TRUE: TENANTS CAN BE DIFFICULT
Because landlording involves people, property and the problems that come from both of those there will inevitably be times of drama brought on primarily because of occupants in your property. During these times of drama, a social model called ‘The Drama Triangle’, you can still be in control by directing the conversation and solution quickly and efficiently.
Pay close attention to how Mark handles the Drama Triangle for more peaceful property management by circumventing the conflicted or drama-intense relationship transactions.
IN THIS INSIDER INTERVIEW YOU’LL LEARN
Hear from a Marine veteran, holding a Bachelor of Science in Accounting at Purdue who manages $40 million worth of real estate Mark Dolfini discusses how you can have a higher quality of life while building and maintaining an awesome and inspiring vision for your future, and setting up your business infrastructure and processes to support a passive income lifestyle based off your cashflow, and:
- Design an Ideal Lifestyle and Retire Comfortablly
- How to Become a Time-Wealthy Landlord in 2023
- Tips to Cashflow Better with Income Property
- The biggest Rent Collection Mistake to Avoid
- How to Stay Away from the Drama Triangle
- Build a real real estate business and more!
Designing your ideal lifestyle and retirement using income property
Beginner to Advanced
DESIGN YOUR IDEAL LIFESTYLE AND RETIRE IN COMFORT:
FEATURING MARK DOLFINI
Veteran of the U.S. Marines, Mark Dolfini is the author of Real Estate Roadmap To Owning More, Working Less, and Creating The Life You Want.
Mark received a Bachelor of Science in Accounting at Purdue University, and worked for Marriott International before venturing out full-time in the world of real estate investing. He has managed $40 million worth of real estate as the Managing Broker of his company June Palms Property Management. Mark is the CEO of Landlord Coach, LLC, and sits on numerous corporate boards including the Better Business Bureau of Central Indiana, the National Federation of Independent Business, and is an Area Director for the Central Indiana BNI Franchise – a networking organization. He and his wife Jennifer live in Lafayette where they are raising their two sons, Leland and Logan.Want to grow your portfolio? Here’s the tool we use to manage income property professionally. Check it out and get our Landlord Survival Forms Free
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