In today’s episode, we are joined by Steve Rozenberg to talk about how he can work a full-time job while simultaneously running a property management company. His rise to the top has not been without challenges and having made some tactically poor decisions in the past, Steve and his partner found themselves in trouble.
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However, through some coaching and mentoring they have since been able to find huge success. A large contributor to this success is that he is a self-proclaimed ‘master-delegator.’ This means that he realizes his limitations and finds the right people to do the work in areas where his strengths do not lie. Doing this has meant that he has more time to do what a real business owner should be doing — thinking and strategizing. Too often, people are caught up in the weeds, doing work that is consuming their energy, which is not a scalable or efficient business model. Steve shares some of the ways in which he delegates, the kind of systems he has in place to make this delegation possible and much more. For this valuable insight, join us today!
Key Points From This Episode:
- How 9/11 changed the trajectory of Steve’s career and led him to real estate investing.
- Having a coach or mentor in any field, not only real estate, is critical to success.
- The best thing you can do is listen to people who are smarter and have more experience than you.
- Admitting that you are not smart enough to do everything is a big challenge for many people.
- Before assembling the best team, it is important to establish and concretize goals.
- An explanation of the difference between goals and strategies.
- Real estate investing is not about the physical structure, it’s about the creation of a business.
- Some of the key structures that Steve has in place in his current business model.
- The importance of getting the right people in the right seats.
- The tasks that Steve outsources to other people and how he applies the 80/20 rule.
- Insights into the necessary conditions for successful outsourcing of tasks.
- Some of the techniques that Steve uses when training his virtual assistants.
- Why Steve uses VAs from Mexico rather than other places around the world.
- The importance of having iterative, flexible systems in place, especially when growing.
- Helping people has allowed Steve to grow even more exponentially.
[bctt tweet=”Four walls and a roof is not going to make you successful. It’s not going to get you wealthy. It’s the business running inside that four walls and a roof. — Steve Rozenberg” username=”Whitney_Sewell”]
Links Mentioned in Today’s Episode:
About Steve Rozenberg
Steve has owned a 39-unit apartment building as well as over 40 SFH. He has wholesaled over 100 Properties. He is a commercial Airline Pilot who turned investor after 9/11 threatened his “secure” livelihood. After meeting his business partner Pete, they failed miserably as investors thanks to terrible tenants, worse neighborhoods and zero structure. It took them years, but with help they have figured out how to leverage each other’s strengths. Steve is Currently on 2 Podcast shows. Landlord Survival; where he actively helps the regular landlord overcome day-to-day problems and Lion’s Leadership Den where he and his co-host help the more seasoned investors find the leader within. He has the opportunity to travel across the US and even to Australia and New Zealand sharing his passion to educate the “at home” Landlord on how to be successful in the ‘business’ of Real Estate.
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