26: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier
Successful real estate investing involves a lot more than just tenants, toilets, and trouble. Successful investors have learned to manage their investing like a business and not a hobby by creating systems to scale their efforts and build wealth faster and more securely. To get a better idea on just how to do this, on the show today we talk with real estate pro Chris Clothier of Memphis Invest, who shares his story and his view on how to start working on your business and not in your business. If you are looking to take your investing to the next level while maintaining more control – don’t miss this episode. Chris also has some awesome tips on getting your properties rented quicker and dealing with difficult tenants so be sure to take notes!
Read the transcript to episode 26 with Chris Clothier here.
In Today’s Show, We Cover
- Student housing: a good idea or a bad idea?
- When NOT to use partnerships – and the perfect kind of partner.
- What comes first: hiring employees or ramping up your marketing.
- What true marketing really is… and why it costs nothing.
- Tips for outsourcing parts of your business that don’t excite you.
- Why Chris didn’t use a formal business plan but you probably should.
- How to hire people and guarantee you can always pay their salary.
- Chris’ unique “game” for filling vacant units.
- The one tenant trait that is an automatic denial.
- Specific questions to ask a property manager before hiring them.
Links from Today’s Show:
- BP Podcast 009: Using Hard Money Lenders to Grow Your Business with Ann Bellamy
- Keyword alerts
- Do You Feel Like You Are Drowning In Your Business? Start Outsourcing!
Books Mentioned in the Show
- Make it Big by Frank McKinney
- Rework by Jason Fried and David Heinemeier Hansson
Tweetable Topics
- “The best marketing you could ever do is simply talking to other people.” (Tweet This!)
- “If you are going to start a business… why not go all in?” (Tweet This!)
- “To scale your business, you gotta bring in the highest quality people.” (Tweet This!)
- “Surround yourself with people who believe in your vision and are up for the challenge.” (Tweet This!)
- “Don’t be scared to share in the wealth of what you are doing.” (Tweet This!)
Connect with Chris
- Chris’ Company Website MemphisInvest.com
- Chris’ BiggerPockets Profile
Learn more about your ad choices. Visit megaphone.fm/adchoices
Available Results
Generated results are saved to your library for reuse and search.
Choose Template
Pick the result you want. You can review provider and model before generating.
A concise first-pass summary for understanding the episode quickly.
A comprehensive, source-grounded extraction of the reusable knowledge in an episode.
A comprehensive extraction focused on opportunities, strategy, markets, and company building.
Explicit actions, next steps, habits, recommendations, and things to avoid.
Repeatable methods, frameworks, mental models, processes, and systems.
A dedicated inventory of concrete resources named in the episode.
A concise first-pass summary for understanding the episode quickly.
A detailed readable summary organized by chapter or topic.
A navigable map of subjects, topic flow, and suggested chapters.
A comprehensive, source-grounded extraction of the reusable knowledge in an episode.
Reusable atomic knowledge units extracted from the episode.
A comprehensive extraction focused on health practices, protocols, claims, and safety caveats.
A comprehensive extraction focused on opportunities, strategy, markets, and company building.
Explicit actions, next steps, habits, recommendations, and things to avoid.
A dedicated inventory of concrete resources named in the episode.
A dedicated analysis of warnings, limitations, trade-offs, weak evidence, and uncertainty.
A concise first-pass summary for understanding the episode quickly.
A detailed readable summary organized by chapter or topic.
A navigable map of subjects, topic flow, and suggested chapters.
A comprehensive, source-grounded extraction of the reusable knowledge in an episode.
Reusable atomic knowledge units extracted from the episode.
A comprehensive extraction focused on health practices, protocols, claims, and safety caveats.
A comprehensive extraction focused on opportunities, strategy, markets, and company building.
Scientific findings, mechanisms, studies, hypotheses, and the limits of the evidence discussed.
Technologies, AI models, technical methods, capabilities, limitations, and adoption implications.
Investment theses, assets, catalysts, valuation reasoning, time horizons, and risks.
Chronologies, actors, causes, consequences, turning points, and competing historical interpretations.
Policies, proposals, stakeholders, arguments, implementation constraints, and predicted effects.
Career paths, skills, hiring signals, workplace decisions, transitions, and limitations of the advice.
Behavioral mechanisms, biases, motivation, habits, emotions, interventions, and evidence limitations.
Economic mechanisms, incentives, indicators, market structure, forecasts, and uncertainty.
Leadership principles, team systems, organizational design, culture, feedback, and failure modes.
Audience, positioning, messaging, acquisition, retention, experiments, metrics, and failed approaches.
Teaching methods, learning strategies, practice, feedback, assessment, and effectiveness evidence.
Theses, premises, arguments, objections, values, thought experiments, and unresolved questions.
Communication patterns, conflict, boundaries, expectations, repair methods, and contextual limitations.
Books, papers, authors, courses, and other learning resources mentioned in the episode.
Repeatable methods, frameworks, mental models, processes, and systems.
Explicit actions, next steps, habits, recommendations, and things to avoid.
Memorable statements and important claims with attribution and source context.
A dedicated inventory of concrete resources named in the episode.
A dedicated analysis of warnings, limitations, trade-offs, weak evidence, and uncertainty.