068: Investing Thursday: The 8-Step Investing Guide Deep Dive: Step Six

The Danny Randazzo Show: A Podcast All About Money, Mindset, and Investing

We’ve arrived at step six of the 8-Step Investing guide: closing & implementing the business plan! Take a minute to celebrate the fact that you successfully closed the deal, and then it’s on to the real work.

It’s time now to implement your business plan. That means it’s time to get new residents informed about any changes, start renovations, and have a plan to stay on track with your business goals.

You can listen to deep dives on steps one, two, three, four, and five!

Do you have a question you’d like us to answer on the show? Leave us a voicemail at (843)790-4245 or email us at media@dannyrandazzo.com and you might feature on our next Saturday episode. And then come chat with us about it on Instagram or Facebook!

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What You’ll Learn from this Episode:

  • Why the real work begins after you close on a property.
  • Why we like to start renovating a property as soon as closing is done.
  • How to make sure your property management company is lined up and ready to communicate with your residents about any changes.
  • How you can hold yourself accountable to the changes and projects you’re managing at your new investment property.
  • Why you should always do a monthly check in on the property’s financials.

Listen to the Full Episode:

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