EP 385: Start Managing Your Real Estate Portfolio As If You are Dead (Minisode)
Jun 28, 2023Welcome, ladies! In this minisode of the Real Estate InvestHER Show, get ready to supercharge your real estate investments with these game-changing tips from industry experts. Are you tired of playing small in the real estate game? Liz and Andresa will be discussing how to best prepare a real estate portfolio in the event of one's death. From creating an Excel list with asset details to outlining who would manage the asset(s) upon one's passing, this conversation will provide a detailed look at the importance of planning ahead for the inevitable. Discover why it's essential to have a business plan in place, how to create agreements with team members, and what steps should be taken to ensure assets don't go to waste.
Whether you're just getting started or already have a real estate portfolio, this episode is sure to provide helpful advice on how to plan for your future. Tune in now for all the information you need!
Quotes from this episode:
"Manage your assets like you're already dead. Real estate requires time, energy, and focus, even with delegated tasks. Evaluate property, set a schedule, consider insurance. Centralize for clarity. Choose wisely. Think ahead and envision possibilities.” (04:47 - 05:20)
“Protect and value what you've built, ensuring a bright future for the next generation. It's not just about playing the game, but about preserving our achievements and setting the stage for success.” (07:21 - 08:10)
“When you don’t plan, you are less efficient. Don't overlook better ways to run your building. Our strategic plan helps us decide whether to keep or sell properties. It's not just for the future; it empowers us to maximize assets today.” (08:39 – 09:02)
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