In this episode, Natalie chats with Alisha, a first-time rental property owner and investor. Alisha shares thoughts on tackling renovations, exit strategies and building your tribe through the process.
In this episode, Natalie chats with Alisha, a first-time rental property owner and investor. Alisha shares thoughts on tackling renovations, exit strategies and building your tribe through the process.
“Any free time essentially that we had was spent learning about the process. And I’m glad we had that background before we went out and started looking at properties.”
Education is the foundation to success. Today, there are lots of resources, from social media to YouTube and books. Alisha started their Instagram page before they even purchased their first property – it was a fantastic way to connect with others and build a community from the start.
One of the most important things in real estate is being adaptable. Alisha stresses the importance of strong communication and a firm foundation relationally before bringing a partner into your real estate endeavors. Renovation is one of the most stressful things a relationship can go through.
When you are building your tribe, you need to choose people that you feel comfortable leaving alone in your properties, unattended, and you need to trust that they’re doing a good job. There is no room for emotion in business and you cannot get emotionally attached to a property. Homeownership is an exciting process and today is a great day for you to start your journey too!
