Building Wealth Through Real Estate, Systems, and Grit - Michael Yarnes
Description
In this episode, Matt talks with Michael Yarnes about how he and his wife went from waiting tables to managing 750 rental units and owning 27 of their own. They cover starting during the 2008 crash, building a property management company with high standards, mentoring young entrepreneurs, and finding balance as a business-owning couple. A real conversation on grit, systems, and staying grounded while scaling.
Timestamps:
00:28 - Meet Michael Yarnes
4:35 – First rental property
8:25 – Establishing duplication
12:39 - Starting in property managemnt
14:08 – Client standards and turning down business
25:09 – Mentoring young entrepreneurs
30:00 – Climbing gyms and real estate ownership
38:15 – Hiring an operator and stepping into CEO role
40:00 – The Launch Pad and youth mentorship
43:30 – Navigating marriage and business together
47:00 – People who gave him a hand up
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