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Portfolio Management During COVID and Beyond with RevNYou’s Gary Spencer-Smith

Gary and Doug

“If you have the opportunity to get bonus houses, then get bonus houses!” – Gary Spencer-Smith

We’ve been through COVID (hopefully) and there’s signs that the worst of it is behind us, so how did you manage your portfolio during this incredibly unique time?

What are you going to do moving forward to keep your portfolio strong, healthy, and helping you achieve the lifestyle you want to live?

After a brief summer hiatus, RevNYou’s Doug Meyers is back to host another episode with Gary Spencer-Smith discussing how Gary has managed his portfolio over the past 12-18 months, along with some things to look out for as the world continues to (knock on wood) open up again.

Key subjects covered in this episode include:

Personal stories from Gary’s portfolio management over the past 12 – 18 months. The reasons why Gary sold some properties owned with one of his JV partners. How to be a valuable JV working partner in times of uncertainty. Predictions for the future including the cost of doing business, availability of materials, and supply chain delays. Why owning real estate creates financial peace of mind in times of need. How to build a portfolio that has resiliency. The importance of a good joint venture contract. How Gary is using the real estate cycle in different markets to make portfolio management decisions. Two final tips for investors wondering what to do next.

Books referenced in the episode:

Secrets of the Canadian Real Estate Cycle – Don R. Campbell

Thank you for listening and we look forward to welcoming you to the RevNYou with Real Estate community!

– The RevNYou with Real Estate Team

info@revnyou.com

IG: @revnyoucanada

FB & YT: Rev N You With Real Estate

Property Management Isn’t for Everyone

If you’re going to buy and hold rental properties – you’re going to have to deal with property management issues.

You’re either going to be a property manager yourself or you’re going to have to hire one.

Either way, this is a critical piece of the real estate investing puzzle. And it’s also an area where we’ve really made some mistakes, felt some pain and learned some lessons. In our latest group coaching call with our 12 Months to $1 Million members we took a bit of time to talk about Property Management.

In this 12 minute podcast, we talk about why Julie isn’t interested in being a property manager, why you should think long and hard about managing your own properties, and why it is a good idea to self manage your first investment for a little while.

Have a listen:

 

Listen to Property Management Podcast

2012 Update: We no longer have our 12 Months to $1 Million Coaching Program. We’ve changed how we help. If you’d like to learn more about how we can kick start your investing or help you step into real estate investing as a full time gig check out our WORK WITH DAVE AND JULIE PAGE.

 

Published on November 5th, 2009

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