This is Jack Bosch speaking and welcome to another episode of The Forever Cash Life Real Estate Podcast, where we’re going to talk about cash flow today with our special guest. We’re going to talk about data. We’re going to talk about—probably a little bit about how to best use virtual assistants. But I like the combination of automation and a data-driven business that allows you to really take—make profits where other people don’t see the profits. Give us just a second and we’ll get started right away.
Just as his background again, Vicky, everybody on the podcast who has been listening to us knows that we went to the Opportunity Zone Expo a couple weeks ago and really ran into a lot of real interesting people. What I’d like to do right now is bring on somebody who really made a great impression on us. Let’s bring on Neal Bawa from Grocapitus.
Do not simply buy a good property. Go in and work that property. Be an interventionist asset manager. Do not let your property manager call the shots. You’ve got to be in control. Not enough people are doing that.
We go from 16 interviews to 8 people showing up, to roughly 2 failing because of equipment. Either their computers are not fast enough, and I give them a chance, I basically say I’ll hire you, but within the first week, I need you to be at 8 GB of RAM. I need your internet connection to be 15 MB per second, and it needs to be stable. If I really like them, I give them that opportunity, but a week later, if they haven’t done it, then goodbye. I want to work with people for years and my staff typically tends to stay for two years or longer and so I give them the opportunity to fix the technology.