Introduction to TLA
Dave Stroh Introduction
How did Kassandra get started.
Would you describe yourself as fearless
How did Kassandra get started.
The foundation was from things I learned from the farm.
Kassandra first rental
Facts and research is the foundations to decisions.
Rentals is a business.
If you understood business, you understood rentals.
Being a landlord is like making a soup.
Fear is a big issue.
What survey says about what their fear.
Fear makes people make wrong decision.
Fear to overcome - the zero's.
Manage their expections - need to be realistic.
Buy what you are capable of.
Even to this day, I bring a lawyer because they are the professional in court.
A team is strong than I
Some are landlords are by accidential or on purpose.
How you treat people, How you behave, will happyen
In stressful times, how you respond defines your character.
Lack of fundamentals can make a person go astray
Example of HighSchool Days
Example of a guy with 80 units
At an event and who's who in that room
Free Advice is Bad Advice
In landlording, everyone has an opinion.
Everyone's position and advice will be different.
What do being vs experience investors realize
Experienced investor look at it like science not math.
4 Reasons why you make money on rentals
Experience investors have stratagey planned out
The long game is the word you use in investing
The newbie investor is first to maxout the government loans
Brag doesn't matter, it matters if you made profit and if it fit the goals
Why the landlord club is so powerful.
How does a person join the club
Is being a landlord the same thing as being a small business owner?
What's your policy and procedures
What if they break their lease and they are military
Profitable investors educate themselves like crazy
Do you have a plan?
The people with a plan can do jump up.
Those with a plan are proactive and those that don't, are reactionary.
Story about those that did furnace cleaning vs. those that don't.
How important is it to build a foundation for sucess?
Example: When you go to get your first job
Do you have to be a professional to be a landlord?
Story about 2 sisters.
Should an investor look for a mentor?
There are mentors, a mentor that complimentary to what your goals are.
Do you modle someone's sucess.
If you do what't you've done before you'll get what you've had before.
In business, we didn't obtain something new, we just copied from another successful person
Two Investors with 20 units and compare them
I read books, i go to classes, all the time
You can't build the empire unless you have patients.
Took 2 years to buy a property.
If anyone says it happens overnight or make it seem that way, then you don't want them as your mentor.
Can use google to ask questions. Experience investors ask deeper process questions.
What is a solid business plan - A plan.
Being able to articulate your plan and goal will allow you to grow and build the team to support the goal.
Know your market so you know if you are realistic.
Shout out to a new investor that stoped and learned rather than rushed.
What is the key to being a profitable landlord.
If you are not learning, you are falling behind.
If your an experienced investor, you can make money in any type of market.