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DGS 105: VIP Paradigm: Vision, Infrastructure, and Process with Mark Dolfini of Landlord Coach
Description
Do you want to grow your single-family portfolio, but not sure how? Don't think you're smart enough to be successful in real estate? Invest in yourself, get an education, and hire a coach.
Today, I am talking to Mark Dolfini, founder of Landlord Coach and author of three real estate books. Mark shares how he ventured into real estate, property management, and landlord coach. He follows the VIP Paradigm: Vision, Infrastructure, and Process.
You'll Learn...[04:40] Real Estate Education: You can learn, if you want to; even if you're not smart.
[07:21] Hospitality Industry: How to treat people, customers, and residents like guests.
[10:37] Set up sustainable business by shifting to VIP Paradigm.
[14:35] Landlord Coach's favorite catch phrases focus on valuing your time and money.
[19:30] Better Business Owner: It's not about the number of doors, but what you're trying to accomplish in revenue and lifestyle.
[26:40] Cycle of Suck and 4 Ds to Revenue (doors, deals, duration, and dollars).
[29:10] Being time wealthy is more of a decision than a destination.
[31:37] Bad communication is a symptom of the problem, not the problem. The problem is a bad infrastructure and/or process.
[36:35] Product to Produce: Consistency; sloppiness is your only competition.
[37:35] Negative Feedback Loop: If you put something in place, make sure it gets done.
[39:04] Company's Compass: Define/develop core values to make business decisions.
[41:55] Being your own boss is great, but get a coach to take you where you want to go.
[44:10] Difference between mentor and coach: Invest in yourself by paying a coach to hold you accountable.
TweetablesReal Estate Education: It's about the want to; not the intelligence.
Don't do it all. Learn to fire yourself!
There is no amount of money that will make time irrelevant.
If you don't place a value on your free time, someone else will.
Resources TranscriptJason: Welcome, DoorGrow hackers to the DoorGrow Show. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you are interested in growing your business and life, and you are open to doing things a bit differently, then you are a DoorGrow hacker.
DoorGrow hackers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate think you're crazy for doing it, you think they're crazy for not, because you realize that property management is the ultimate high-trust gateway to real estate deals, relationships, and residual income.
At DoorGrow, we are on a mission to transform property management businesses and their owners. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. I'm your host, property management growth expert, Jason Hull, the founder and CEO of DoorGrow. Now, let's get into the show.
Today I'm hanging out with Mark Dolfini of Landlord Coach. Mark, welcome to the show.
Mark: Hey, it's great to be here. That's a heck of an intro.
Jason: It's our manifesto, I call it.
Mark: I love it. That speaks directly to