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Good Life Property Management

Author: Steve Welty

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This podcast shares information and ideas on how to build a thriving property management business. A Good Life to me is a life with ever increasing freedom, money, and impact. I love property management because you can maximize all 3 areas. This is a show for property management entrepreneurs who want build great businesses and lives.
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Where have I been?

Where have I been?

2020-05-2202:57

I have not recorded an episode of the Good Life Property Management podcast in many months. I started a new podcast called Daily Stoke for Entrepreneurs. Please join me on my new show! https://podcasts.apple.com/us/podcast/daily-stoke-for-entrepreneurs/id1512474580?ign-mpt=uo%3D4 Find it on iTunes, Spotify, or whoever you listen. Search "Steve Welty" and it should come up. 
Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty’s Music! In this episode, I talk to Nathaniel Broughton. He specialized in online marketing and private investments in the Southern California region. He is married to Kristi, and they live in San Diego, CA, with our two sons. Nate enjoys the work hard play hard lifestyle, and in between his trips to the beach, you'll find the family globetrotting during their downtime. Nate and I chat about his involvement with large businesses in the 7, 8 and 9 figure range and two of his own service and commission-driven businesses. Nate "fell into an entrepreneurial company which offered him a job" in San Diego when he was 18 in 2001. He worked to grow the business until four years later when they sold the business. Nate considers this experience his "trial by fire in college" and how he learned online marketing and generating sales online. I dig into how Nate stayed in his career and his "why" for working in the online sales industry and how Nate embraced the "opt out" Life. Having the freedom of time and place was the heyday in Nate's mind. He was around in the golden era of online income, no matter where you are in the world. Nate decided to stay in San Diego as this is a hotbed of opportunity for making money online. When he planted his flag, he decided to start a business connection group, hosting dinner for the first SoCal.ly group. He hosted the dinner every quarter to invite his connections to the network. He currently has 400 business owners to come to his event. Opt Out Life, a movement started by Nate, resonates with many people. Nate tells stories of his tribe who has followed this trend and how they make Opt-Out Life work in their lifestyle. Income, Life, and time are three essential aspects of Opt Out Life. There are often bold decisions along the path created by those in Opt Out Life. Have the courage and curiosity to find a different way of Life. Nate talks about mindset shifts and experiences in his personal and professional career, which has given him growth. One of his current priorities is to be present for his children, walking them to school and being at their games and activities. He and his wife enjoy extensively traveling with their kids regularly. Nate gives us advice on how to choose the right business partner, how he's never found one career path he's fallen in love with yet, and his experience with keyword research and SEO for his clients. Please share this episode with a friend and leave a review of Good Life Property Management!   In This Episode: [01:37] - Nate talks about his part in many different businesses. [02:10] - Nate gives details about the many types of businesses he has worked with through the past few years and how he became an entrepreneur. [03:48] - He explains how he fell into this position and why Nate stayed in this career. [04:51] - How Nate worked his way into the “opt out” life. [06:49] - Nate created the SoCal.ly business group for business entrepreneurs. [11:30] - Opt Out Life: a trend started by Nate for the type of lifestyle he lives. [13:56] - The Opt Out Life is a way to have your cake and eat it too lifestyle! [17:30] - What experiences Nate has encountered which led him to grow personally and professionally. [21:11] - How Nate approaches real estate investments. [24:40] - Why Nate has a variety of business experiences at 36. [25:15] - Advice from Nate on how to choose a good business partner. [28:47] - Nate’s key superpowers which have served him well in business. [31:22] - Opportunities to compete and rank for keywords on Google. [36:09] - How to write articles with keywords which rank with Google. [39:27] - Nate’s advice on backlinking in your articles.   Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind The One Thing by Gary Keller Nathaniel Broughton Nathaniel Broughton on Twitter Nathaniel Broughton on LinkedIn The Story of Opt Out Life Hustle and Flow Chart Podcast
The One Thing

The One Thing

2019-11-0521:13

Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty’s Music! In this episode, I chat about our mastermind, Tribe Denver, and takeaways from our tribe gathering. In addition to our mastermind, I visited HPF High Performance Forum from Darren Hardy. Give 10%, spend 10% on yourself, and invest 10% of your income on yourself. I decided to attend the HPF as part of investing 10% in myself. I talk about my experience with my strategic coach. One important lesson I’ve learned is that we are all good at different things. My superpower is being able to come up with a bunch of ideas. Gaining new capabilities is better than earning cash, which is one of the reasons I’m investing in myself to learn more and gain more capabilities. To make more money, you have to work less - you have to do fewer things. Constantly being busy leaves you no time to transform, to go deeper with empathy, or to be more patient. Be a business with a mission, not a mission with a business. I dig into how I’ve paired down my books to only 25 books, as I’m keeping only the books that have had a significant impact on my life. I revisited my “one thing” after rereading The One Thing again and realized there are multiple “one things.” Even though they don’t directly impact my business, they affect you, which impacts your business. I’ve focused on my state of being, and recently read “Top five regrets of the Dying” study, and four of the five regrets, as I interpret them, are about honoring your true self.  There are three categories to have your “one thing.” My spiritual one thing is to meditate. Physical one thing is to strength train daily. A mental game for me is focusing on learning instead of watching TV on the weekend. Marriage with words of affirmation to my wife everyday. Please share this episode with a friend and leave a review of Good Life Property Management!   In This Episode: [01:20] - Takeaways from the Tribe Denver mastermind. [03:10] - My experience with High Performance Forum. [04:25] - What has been happening on my personal front. [06:04] - Gaining new capabilities is better than gaining cash.  [07:13] - I breakdown one of my favorite mantras, “To make more money, you have to work less.” [08:36] - Why I was resistant to rereading The One Thing [10:33] - What’s the domino you can knock over that will knock over the other dominoes? [13:09] - Charles Krackower’s dying letter “I live the life I intended”. [16:06] - How I cultivate my team of “A Players” at Good Life. [17:48] - The team at Keller William’s and how they chose their “one thing”. [18:59] - Reflective questions I encourage you to consider!   Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind The One Thing by Gary Keller
Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty’s Music! On this episode, I chat with David Cuthbert, who was introduced to me through a childhood friend. We talk about how a person’s energy can shift your perspective. Leading teams is our big concept I talk about with David today. What are the elements which keep a person from becoming a leader? David chats about his formal education with leadership classes and his personal experience with leadership throughout years of his career. We talk about the differences in leadership over time, cultural sensitivity, and globalism in relationship to changing the leadership role. What are the types of conversations you need to have to become a good leader? David discusses how success, technology, and culture hold equal weight in a company when it comes to leadership prosperity. Fostering the health of your team environment and culture is essential to build your company upon. David and I dig into the ingredients which create a recipe for successful leadership. Which fundamental components can you not shortcut in leadership? David speaks about the five ways you can build trust as a leader. Dale Carnegie’s How To Win Friends and Influence People dives deep into leadership and how to influence people to work, including appreciating others for their work. Team of Teams by Stanley McChrystal is another team book which David highly recommends, along with Extreme Ownership by Jocko Willink. The Boys in the Boat is another favorite read of David’s, and this book is written around the concept of “swing” in the rowing community. Please share this episode with a friend and leave a review of Good Life Property Management! In This Episode: [00:58] - Background on our mutual friend Eric, including the time when I had a homeless man take my keys! [04:48] - What are the elements which prevent us from being able to lead a team? [07:25] - David talks about his experience with learning about leadership and how leadership is a very dynamic field. [10:40] - Providing an environment for a successful leadership. [12:02] - David speaks about the execution of the mission and why we shouldn’t be solely focused on the mission. [15:08] - How David replicated team comradery from his military experience in his technology career. [18:33] - What David does to bring team members who need leadership coaching up-to-speed. [23:52] - Formulas for success are great, however, trust cannot be hacked! Five ways a leader can build trust with their team. [29:26] - Situational awareness and leadership flexibility at different levels of your business. [31:49] - Contributing to “swing”: moving forward together as a team. [36:12] - Being a part of the global conversation and how you can influence people. [41:58] -.Our partnership with Wine to Water and how this got my team motivated. [42:50] - How Wine to Water was started, what is the organization’s mission and what Wine to Water is doing to improve the world’s clean water for people around the world. Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind Wine to Water Organization Wine to Water LinkedIn David Cuthbert LinkedIn How to Win Friends and Influence People by Dale Carnegie Team of Teams by Stanley McChrystal Extreme Ownership by Jocko Willink and Leif Babbin The Boys in the Boat by Daniel Brown
Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty’s Music! On this episode, I want to talk about purchasing commercial space. Rob and I sit down and discuss how you can buy retail space in an opportunity zone. These are areas which have been designated by the federal government which is ripe for redevelopment. Rob recently purchased a commercial property, and while he was researching real estate to purchase, he discovered the opportunity zone.  Rob lucked out as the building he bought was in an opportunity zone. With his building, he doesn’t pay tax on the appreciation if he owns the building for 10 years. These properties fall under the 1031 Tax Exchange. We talk about how Rob is using economic occupancy toward a specific goal. One item which isn’t covered by economic occupancy is maintenance costs. Rob always invests with partners, not necessarily with a long-term plan. Finding the deal flow matters. Rob and I discuss how he breaks down his share in the company and what is his company worth long-term.   Who is the person who is the escalation point in your company? Your team must have a vested interest in your business. Rob says he likes the “bricks and sticks” of business. He also subscribes to “Vision through purposeful action” which encompasses a challenge which Rob chats about on this episode. We dig into the mind, how our mind and the voices in our mind can create havoc for us. Rob and I talk about making peace with the thoughts in our mind and how we can apply the process of acceptance to many of the troubling thoughts in our head. Rob is a fan of Michael Singer and his book Untethered. We discuss how to reframe the thoughts in your head to create more peace for yourself. Please share this episode with a friend and leave a review of Good Life Property Management! In This Episode: [01:34] - Rob talks about buying an office in the opportunity zone in Philadelphia. [03:10] - What is lighting up Rob in his business right now and economic occupancy. [04:48] - We discuss different stages of business such as growth, impact and legacy. [07:02] - How Rob approaches investments and his criteria for choosing an investment property. [09:08] - Rob’s current partnership model and his investment breakdown for the new real estate. [12:07] - I’m working on a plan to get fractional ownership to replace my 401K retirement plan. [13:01] - Rob’s big A-HA moment when it comes to assistant property managers. [16:00] - Rob’s team retreats - what works and what doesn't work on his retreats. [18:18] - A few of Rob’s biggest passions he is working on right now. [21:19] - Developing a mind strategy in order to have a mindset shift. [22:36] - Rob and I get real together about the mind and how the critical mind can be dangerous. [24:37] - The importance of having a causal relationship with the thoughts in your head and why your inner child is important. [28:50] - Peace of mind and why we shouldn’t make the voice in your mind the problem. [31:28] - We discuss the teachings of the book Untethered by Michael Singer [33:33] - Making decisions which are simpler. [34:14] - I bring up the concept of self-love, coming from a place of worthiness and how these add to creating simplicity. [36:13] - Heart prayer and basic principles which have helped Rob and the concept of the imperturbable. [43:22] - The story about Rob’s family friend Raymond and Rob’s daughter with Down Syndrome, his view on religion and spirituality. Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind Robert Singer Untethered by Michael Singer
Our Philosophies

Our Philosophies

2019-08-1218:25

Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty’s Music! On this episode, I want to talk about cultural philosophies and why that matters and why we must get clear on what we believe. What is your mission? What are your beliefs? You need to know your mission and beliefs to bring team members into your business who are a good fit for your team. I talk more about Simon’s book this episode and about building your team by having a common cause. Find out how our team put our five core values together. Details matter and your business is a reflection of who you are to people. Take on extreme ownership in your industry. Be an example to your team, and do what you want them to exemplify. From emails to the organization of your desk, what are the core values of your organization?  As a team, getting better every day. Make a one percent improvement daily for life to get better. What does this mean for your organization? You may need not to take on specific clients or properties because they aren’t a good experience for your team. Taking on this work won’t give us the ability to serve others.  Time. You are the owner of your time. You create time for important things. Thirty to sixty minutes of focus time per day will make your life take off! Please share this episode with a friend and leave a review of Good Life Property Management!   In This Episode: [00:38] - Welcome back to the show! Steve chats about why it’s important to be clear on what we believe. [01:04] - Find your beliefs and mission to build your company. [01:50] - Simon Sinek - Start With Why says when you and your client’s belief’s line up, your a good match [02:50] - How our team put our five core values together. [05:08] - We started with twenty values and decided on seven values which were most important to our team. [08:14] - What we do to improve lives, with our number two value for our team. [10:13] - Number 3, unique ability teamwork. [11:40] - Number 4, Extreme Ownership by Jacko Willink [13:06] - Number 5 is focus time! Quite focus time everyday on your highest valued activity. [15:19] - Number 7 is about entrepreneurial team to give everyone the mindset they are running their department. Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind Start With Why by Simon Sinek Your Team Success Extreme Ownership by Jacko Willink
Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty's Music! On this episode, I want to talk about your “why.” Wait! Before you simply turn off the episode or quit reading, hear me out. I’ve read it before, but the other day I was going through my Audible account and saw Start With Why by Simon Sinek, and after listening to the first couple of hours, I was inspired.  In the book, Simon talks about how people don’t buy what you do, they buy why you do it. This struck home for me as I reflected on the different shapes my business has taken over the years. Throughout this episode, I chat about my “why’s” and the “why’s” of the people I work with and how they’ve impacted my business. I also tell a couple of stories about different organizations I’ve been involved with and how their why’s have touched my life. Knowing your “why” is what allows you to build deep relationships with your clients. Think about that for a moment. What are you selling to your clients? Are you selling them features? Because selling features is the wrong approach to building a lasting business. Building and nurturing relationships are the ways to create a strong and meaningful foundation and you why is the basis of that relationship. There aren’t a lot of places for property managers and property management companies to come together and discuss their why’s for being in business. This is why I wanted to bring this topic to you today. What is your “why?” What keeps you in business? Listen in to learn more about mine! Also, learn a couple of my pet peeves in business and how keeping your word, keeps you on my good side! In This Episode: [00:15] - Welcome back to the show! Steve chats about coming from a refreshing meeting with his strategic support partner Rita. [02:56] - Learn one of the secret weapons in business: the Why! [04:20] - People don’t buy what you do, they buy why you do it. Simon Sinek - Start With Why [06:16] - However it looks put what lights you up at the forefront of your business.  [07:23] - How the “why” has altered Steve’s business over time. [09:44] - Learn how those who thrive differ from those who don’t. [13:02] - What separates great leaders from leaders?  [14:15] - When you have an issue, you can usually trace it back to a leadership issue.  [16:01] - Learn one of Steve’s “why’s.”  [17:11] - Check out how Netflix has changed HR and fixed morale. [20:06] - Informal lunches and coffee chats have impacted Steve’s office morale. [21:09] - Steve wraps up the episode by recapping his “why’s.” [23:27] - Like this episode? Share it with a colleague or a friend! Write a review and leave a rating. Help spread the Good Life Property Management message! Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind Start With Why by Simon Sinek Wine to Water TRE Homes: Austin Property Management Local H2O - Anthony & Ashley Harvard Business Review - How Netflix Reinvented HR
We've Been Sold a Lie

We've Been Sold a Lie

2019-07-0817:21

Welcome to the Good Life Property Management podcast! I'm your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I'm here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Please check out Steve Welty's Music! Today, my show, We’ve Been Sold A Lie, got me thinking about happiness. Happiness is a journey, does not mean we are the wealthiest. Live in the present moment and learn to experience joy. How to be mindful with meditation. Your mind is not the problem, you have to exercise your brain like every other muscle for the muscle to work effectively. In this episode, I talk about how the universe is here to help and how you can connect to the world through the present moment. Feel the pure creativity in the present. How you can reflect and learn what brings you joy. Take about 30 minutes, find a quiet space,, and act to build your list happen! I also chat about R Factor and DOS conversations and how you can use these to focus your goals and create happiness in your personal and business life. In This Episode: [01:40] Where is the focus to create happiness? [02:43] Slowing down and being mindful of the present moment during meditation. [03:40] Deepak Chopra’s book: The Seven Laws for Spiritual Success. [04:39] The process of learning what brings you joy and why aren’t you doing these more? [08:09] What effect would doing more of these activities which bring you joy have on your life and your business? [09:09] Awareness of how little I do of the things which bring me joy. [11:09] Setting up buckets of joy in a systematic way. [11:33] Jordan Muela and Rita joined me and we talked about the book Outsiders [13:07] R Factor question and the DOS conversation. [15:16] Meeting and networking with people to get to know them, not for the purpose of putting them in a lead funnel. Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind NARPM Annual Convention The Seven Spiritual Laws of Success by Deepak Chopra Outsiders by William N. Thorndike 
Being a Hero

Being a Hero

2019-07-0123:19

Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Please check out Steve Welty's Music! Today I will explain why I had to take a bit of a break from the show. You, my listeners, are very important to me. We are also going to talk about determining who we are going to help, my “Hero Squad” and how I can assist them and spend time thinking about them. We can’t be everything to everybody, and we can impact the world more through assisting. In this episode, I talk about my hero list, who my heroes are, and how I can spend more time with my heroes by taking time away from other items on my list. Not getting more done, but making the time I necessary which I need for essential people. Staying true to my stop working time. I also chat about what real wealth encompasses, which is not just making money with your business. Why you should create your business around your lifestyle, not your lifestyle around your business. Common “enemies” to your lifestyle or business and how you can bond with others who have the same enemies to overcome that negative space. Cut through the noise to focus on the critical factors. The seven factors which I have learned works well to keep my hero team fueled. In This Episode: [01:20] Just got back from my visit from Toronto and I’m feeling good. [02:01] Frame of mind which worries more about other people than our own self-interest. [02:43] Who do you want to be a “Hero” to? [04:01] My intention is to eat lunch with my wife everyday, because she and my son are #1 my hero list. [05:32] How can I achieve an outcome with the least amount of effort possible? [06:31] Good Life team members are #2 on my hero squad. [07:49] How can I provide my team more training, confidence and opportunities? [09:32] Good Life clients are #3 on my hero squad, whom I value and are very important. What can I implement to keep my clients online? [10:46] Be authentic with who we are.  [14:01] We partner with Wine to Water to raise money for those in third world countries who don’t have safe water. The power is in the invitation. [16:07] Where we should go to share what we are thinking. [18:12] Put the things that light you up at the forefront of your business. [19:55] Collaborators and partners and how I can proactively assist them to be more profitable. [20:45] I’m going to be real, bare my heart and not run ads for my listeners. Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind NARPM Annual Convention
10 Things I Believe

10 Things I Believe

2019-07-0123:12

Welcome to the Good Life Property Management podcast! I'm your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I'm here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Please check out Steve Welty's Music! Today, my show, 10 Things I Believe will give you a brain dump on what I believe in and what I can put my flag on. Recently, I have thought about my beliefs and how other views resonate with me, but I haven't clearly set them all in my podcast. In this episode, I talk about my 10 Things I Believe, including my beliefs that may not be mainstream. I know my nature tells me what I need to do in life, including being present and reconnecting to the universe. Space is the ultimate time hack and what happens when I create space. Co-creation, nine times out of ten, has another creation come out of the one I created with another person. I also chat about how saying the word "creativity" is used as a tool and get me excited about doing an activity if I can see it as creative. I talk about how our world has become very transactional and transformative people in this world are the ones that will really stand out. I like to keep things as simple as possible, for example, I have three crucial results for the week and three for each day. Creating space and presence for the activities you enjoy while you are an entrepreneur is essential to put yourself to the forefront of your life. Put your flag in the sand where you are. In This Episode: [01:52] Belief #1: The power of presence, the voice in your head isn’t who you really are. [04:47] Belief #2: Space is the catalyst to presence. [06:09] Belief #3: Small habits build big outcomes. [07:47] Belief #4: Co-creation is the best-kept secret no one is talking about. [09:56] Belief #5: I want my business to increase in value and less of my time. [12:09] Belief #6: Podcasts and creating content for content sake. [14:19] Belief #7: Simplicity wins, it’s a pillar at Good Life Property Management. [15:46] Belief #8: Living the life which is true to yourself. [17:01] Belief #9: Care 10% less of what people think about you and be 10% more authentic to yourself. [18:01] Belief #10: Leap and the net will appear. Make the leap and amazing things will happen. Get your support system together and move forward! [20:40] Trigger Happy, a song I recently composed. Check it out on my link below and favorite it! Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind NARPM Annual Convention
Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Please check out Steve Welty's Music! Today I’ve got an update for listeners: All Is Good In My World! I’m going to talk about things that are going in my world for this episode. I’m going to tell you about my partner, Jordan Muela, who has recommended a book called, “Why Making Money is Killing Your Business”. This book really resonates with my business In this episode, I talk about the key points in this book by Chuck Blakeman which really resonate with me in my business and my personal life. I also chat about what true wealth encompasses, which is not just making money with your business. Why you should create your business around your lifestyle, not your lifestyle around your business. Common “enemies” to your lifestyle or business and how you can bond with others who have the same enemies to overcome that negative space. Cut through the noise to focus on the important factors. In This Episode: [02:30] Three key components businesses should throw off: money, time and significance. [03:32] Get control by conquering the tyranny of the urgent versus understanding what’s important. [04:33] You can’t be the person you rely on to make the money. [05:24] The common enemy, no matter what business you are in. [06:32] Not being in control of your time, when it comes to your business. [08:03] Create space between you and your business to focus more on the important. [09:19] Four essential key actions I can take now in order to enhance my life now. [10:36] Content creation via my personal creative channel for music. [11:15] Have a shared mission, not just a common enemy. [12:10] Three crucial results this week which I identified. [12:53] Personal affirmations I use and why I use them. [14:25] The five different “buckets” I use for my personal affirmations. Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind NARPM Annual Convention About My Book Recommendation Making Money is Killing Your Business
Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Please check out Steve Welty's Music! Today I’ve got Mr. Brad Larsen, aka, Mr. Red Meat. He is living in San Antonio and owns Rent Werkx Property Management which manages single-family homes. Brad was born and raised in Iowa and graduated from New Mexico Military Institute in Roswell, NM and obtained a second degree from Morningside College 1998. Brad later earned his MBA from the University of Phoenix. After serving on active duty in the Army Brad left the military as a Captain and moved to San Antonio to pursue his interests in real estate. Brad is a member of the San Antonio Board of Realtors (SABOR), Texas Association of Realtors (TAR), National Association of Realtors (NAR), and the National Association of Residential Property Managers (NARPM®). Brad has earned top honors in real estate which include the Platinum Top 50 award for agents in San Antonio. In this episode we talk about Brad’s conference, which is focused on property managers getting the “red meat” of the industry. This conference will give you actionable items for attendees and is a very intimate, small group environment for a personable exchange with other property managers. We also talk about how to scale your business, changing the way you scale depending on what type of property you manage and how to incentivize your team. We also chat about how Brad uses his 555 forms, what is the best way to increase revenue in your property management business and how Brad uses his virtual CEO Phil to make positive changes in his company Rent Werx.   In This Episode: [01:30] I introduce Brad and he gives us the 411 on his new conference coming up! [03:55] The process of scaling your business, what gets in the way, what works. [06:45] Implementing and using Bomb Bomb video platform to add a more personal connection with clients. [09:14] Finding balance in your office environment and why Brad hates the word “culture”. [10:52] How Brad came up with his military discount for owners. [12:03] Types of team incentives Brad offers his team in his office. [13:30] Brad’s advice for packaging and selling to investors. [14:30] Good terms, neutral terms and bad terms. [17:10] How to create an emotional connection with your clients. [20:15] How Brad creates incentive games for his team. [24:56] Social media and how Brad focuses his social media marketing to build up his network. [25:35] Realtor events Brad is participating in the next few months. [29:15] Brad cautions against using incentive for referrals based on the state you work in and what to do for people who give you referrals. [30:13] The 555 form and giving referrals options for a thank-you gift. [31:06] Brad’s virtual CFO, Phil, at the CFO mission, and how he benefits Rent Werx. [35:13] Brad’s presentation at Pulling Back the Curtain, which will give attendees a roadmap into how to generate income and revenue which is right for your business.   Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind NARPM Annual Convention   About Brad Larsen Rent Werx Brad Larsen on Linked In Rent Werx Broker Partnership Program
Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only great business, but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Please check out Steve Welty's Music! I’m super fired up today! Just returned from PM Growth Summit and in this episode I talk about PM Grow Summit, my speech at the Summit and how Jason Goldberg is making a difference in my life with impact and intimacy. This episode is an introspective reflection about the mix of personal and business relationships and how these interact with each other. I also talk about the importance of connections, whether they be personal or business connections. Why connections are important with your clients, colleagues and family. In This Episode: [01:11] Jason Goldberg making a difference in my life and PM Grow Summit. [02:43] Jason calls me out on having negative thoughts and emotions. [04:33] My personal list of things to work on and how I ended up in a place of “not being good enough”. [05:32] Today is the “connection economy” and how can I connect on a deeper level with my relationships. [07:56] Connection vertical: connecting with your customers on big events and social media. [09:36] I’m getting impact and intimacy with Jason Goldberg on a euphemistic level. [11:30] Why I want to be creating content 80% of the time and my new album. [12:05] Check out my new podcast Tribe Mastermind Podcast! [13:11] “Loved By Me” a song which I wrote and is close to my heart. Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind
Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only great business, but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Please check out Steve Welty's Music! Today I have John Gluch on my show. He is the CEO of the Gluch Group, a real estate firm located in Phoenix, Arizona. With his team of eight, John Gluch set a big real estate goal and created a process around the differentiator in his business which, he predicts, will assist him to obtain his goal. He knows that being better than everyone is a hard game to win, but being different is an easy one. I talk with Jason about his background in real estate, how he made the move to leading his team from a remote office, his criteria for hiring his executive assistant, Ashley and why hiring Ashley was one of the most important decisions when he decided to manage his team in Phoenix.   In This Episode: [01:28] John talks about his background and real estate group in Phoenix. [02:28] Why John moved to Coronado. [06:23] Mindset of working out of the office and John’s experience with closing the loopholes of running an office from a remote location. [07:55] How John hired his high level executive assistant. [08:41] The difference between being and doing. [09:16] Mike’s latest business tools he likes using. [10:45] How to switch from reactive to choosing your energy for your day. [12:15] How I use my assistant and share my assistant’s time with another mastermind group. [14:43] Strategic coach criteria for executive assistant. [15:15] Why your assistant should protect your time and how John schedules his time. [18:29] Who you hire and what you pay for your assistant matters. [20:32] How your assistant can take your work and run with it: and sometimes they even do a better job (and save you time)! [23:26] What you assistant can track for you to make sure you are on track with your life and the ROI about your assistant. [27:37] Follow-ups with Ashley when she checks up on employee work in Asana. [29:17] How John works with Asana and Ashley. [33:45] John’s advice on how to create a job ad for your assistant position.   Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind   About John Gluch John Gluch Strategic Coach Sign-up How John’s team sold over $75 million in 2017 John Gluch Group John’s Team Gluch Group Market Updates
Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only great business, but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Please check out Steve Welty's Music! Today I have Jason Goldberg on my show. He is the edutainer and business training coach at Be Competition Proof. Jason started his career over 15 years ago in technology working as a managed service provider and several different start-ups. He learned that creating contributions to others was the difference between making his business work and making his business flourish. Jason has transformed his life in the past four years and has learned through experience the importance of being mindful and present and how to bring these into the start of your day to increase your energy and your business mindset. Everything is interconnected and we have to make time for all of the areas of our lives. Jason speaks about gratitude versus fascination and how events line up in the universe. I talk with Jason about his early years, how he went through and overcame physical and emotional challenges, the way he radically changed his mindset and how these changes culminated to the person he is today and how this applies to running his successful business in Los Angeles.   In This Episode: [01:23] The difference between Jason when we met four years ago and today. [03:02] The universe is kind: slowing down and having perspective. [03:25] Jason’s early years in technology with managed service providers. [05:30] How Jason jumped into coaching and speaking. [05:55] Growing your business too fast. [06:35] Purpose and how to find your purpose and adding value to people’s lives. [08:41] The difference between being and doing. [09:16] Mike’s latest business tools he likes using. [10:45] How to switch from reactive to choosing your energy for your day. [12:38] Jason’s half Woo and half Do and the lense of effectiveness. [14:45] Jason as “The King of Playful Sales”. [16:48] Where the best leads come from for Mike. [17:48] No doesn’t mean no, it means “Nurture Ongoing” [20:23] Don’t take anything personally. [20:54] Jason’s unusual approach on goals. [24:31] What lights Jason up. [28:02] You can’t compartmentalize the results of growth. [31:25] What obligations would you keep and what would you give back? A perspective shift. [35:20] We all face the same types of stress, no matter who you are. [39:32] Steve’s secret love. [40:32] Giving permission to feel what you are feeling. [44:35] Creative outlets for Jason and getting back into his creative jam.   Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind Jordan Muela Strategic Coach Get a free copy of Prison Break Jason on Instagram Jason Goldberg on Facebook
Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only great business, but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Please check out Steve Welty's Music! Today I have Mike Kalis on my show. He is the managing partner of Marketplace Homes which manages 3000 properties in 38 states across the US. He started Marketplace Homes over 10 years ago and has successfully scaled his business. I talk with Mike about his early years, where he came up with the idea for Marketplace Homes, and his experiences with growing a business: the do’s and don'ts of moving your company from point A to point B, what Mike is interested in right now, what tools he is using to expand his business and how he operates his sales team. In This Episode: [02:05] How Mike engineered agreements for leasing and selling properties. [03:07] Where Mike came up with the idea for his business. [03:43] Mike’s early years selling properties and creating good profit margins. [05:27] The different ways Mike scaled his business to 38 states. [05:55] Growing your business too fast. [07:05] Technology considerations Mike thinks about when scaling his business. [08:15] How to become the “most hated broker”. [09:16] Mike’s latest business tools he likes using. [13:03] How Mike’s team handles and processes leads for his sales team. [14:20] Mike does almost everything over the phone. [16:15] Who Mike works with and his competitive advantage. [16:48] Where the best leads come from for Mike. [19:16] How Mike accrued over 1000 Google reviews. [25:32] Losing bad when you have big numbers. [34:15] Three major attributes to Mike’s success and downfall. [36:28] A day in the life of Mike Kalis. [38:07] Mike’s leadership team, their roles and what they do. [39:52] What’s exciting Mike right now. [49:37] Benchmarks Mike has hit pertaining to customer service. Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind Jordan Muela Strategic Coach 
NARPM Jim Rohn Darren Hardy Strategic Coach 10x Program Steve Welty’s new EP: Fly With Me Mike Kalis on Linked In Marketplace Homes Contact at mike.kalis@marketplacehomes.com
Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only great business, but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty's Music! I recently did an exercise that had a big impact on me, and I’m going to break it down for you today. We talk a lot in this podcast about building bigger futures and staying on track, but less time thinking about the threats to those futures. And that’s the exercise I did: I sat down and figured out the biggest threats to my bigger future. It was definitely powerful, and I strongly recommend that you do this exercise for yourself. My list ended up having seven items, but you might come up with more or fewer. I’ll list mine here to help you start, but don’t feel constrained by these! Without further ado, here are mine: Small goals/small vision. Thanks to this exercise, I was able to go bigger on my vision! Too much “how”ing. Not staying in unique ability. Basing decisions on what others might think. Not putting enough focus into key relationships. Not investing enough money in the business. Not investing enough money in myself. Like I mentioned, this was a really eye-opening exercise for me. I think once you listen to this episode and understand what I mean by each of these threats, you’ll see how powerful this exercise can be and the value that it can add to your business too. Tune in, and then take some time to make your own list of the biggest threats to your bigger future. Let’s succeed together! In This Episode: [00:32] - Steve explains what today’s special episode will be about. [00:58] - We learn that Steve recently sat down and figured out the biggest threats to his bigger future. [01:51] - Steve’s first threat is small goals, he explains, and talks about why that is such a threat. [03:44] - The second item that Steve identified as a threat is too much “how”ing. [06:16] - Steve shares his third threat, which relates to unique ability. [07:54] - Steve’s fourth threat is basing decisions off of what other people might think. [08:53] - We learn about Steve’s fifth threat, which involves focusing on key relationships. [10:37] - Threat #6 is not investing enough money in business, and #7 is not investing enough in himself. [12:55] - Steve recaps what he’s been talking about in this episode, and encourages listeners to go over threats to their own bigger futures. [13:15] - We hear one of Steve’s new songs to close out the episode. Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind Jordan Muela Strategic Coach 
NARPM Jim Rohn Darren Hardy Strategic Coach 10x Program Steve Welty’s new EP: Fly With Me
Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only great business, but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty's Music! Mike Schraepfer is a super savvy broker, owner, and investor from Minnesota. We connected by chance on Facebook, and I was intrigued by his ideas on investing in real estate with a team. I’m happy to say that he’s willing to share that information with everyone in today’s episode, so don’t miss this one! As he explains today, Mike started out “backwards” by being an investor first when he was 18. He then got into renovation and construction, and backed into property management from there. He started on the MLS, he explains, and started off with college rentals since he was a student and that was the market he understood. Now, he personally owns over 125 homes, and the entire portfolio averages over a 10% cap rate. When Mike wanted to keep the best talent at his company, his first thought was that he wanted to help his staff invest in properties too. This would both help them financially and encourage them to keep working with Mike. He created an investment class for them, as well as a system to take away some of the financial barriers to investing in property. In our conversation, Mike explains this 9-unit class and how it works. He’ll talk about how he works on finding a property to buy as part of the class, as well as what happens next once he’s found the property. His goal, he explains, is to take his students through all the motions so they overcome the barrier and realize that buying a property is simpler than they might think. He’ll touch on all these steps throughout our conversation, so this is a great place to start if you’re interested in implementing something like this at your company! In This Episode: [00:14] - Welcome to the show! Today, Mike Schraepfer is here to share some of his thoughts on investing in real estate with a team. [01:48] - We hear about who Mike is personally and professionally, and how he became a property manager. [03:30] - During the economic downturn, how was the market impacted in Duluth as opposed to other places? [04:47] - Mike talks about whether his portfolio is single-family homes, duplexes, or triplexes. [05:57] - We hear about how Mike came up with the idea of helping his team to invest in real estate, and what it looked like early on. [08:03] - When Mike set up his class, did everyone jump on board, or were only some people interested? [09:14] - We hear more about the class itself. [10:39] - What does property-hunting look like for Mike, specifically when it comes to finding properties for his classes? [12:31] - After Mike finds a property for one of his classes, what happens next? [14:03] - Mike shares some information on his buying criteria, and talks about ways in which he avoids gambling. [17:15] - We hear about how Mike holds title to the properties from the classes, and whether he has any partners. [19:01] - How many properties did Mike need to have before a bank let him close as an LLC? [22:28] - Steve points out that particularly hungry team members can go and find deals but may not qualify for a bank loan, which can lead to creating opportunities for each other. [23:53] - Are there any pitfalls or lessons that Mike learned along the way? [24:45] - Is there anything else culture-wise that Mike has done to become successful in his business? [25:50] - Mike explains another initiative that he created to be a strong neighbor within the community. [27:55] - What benefits has Mike seen, and how did they come up for him? [29:57] - Mike talks about the flexible unlimited vacation time that his company offers. Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind Mike Schraepfer on LinkedIn Mike Schraepfer on Facebook Heirloom Property Management Heirloom Property Management on Facebook The Great Game of Business by Jack Stack
Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only great business, but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty's Music! Jake Durtschi joins me today for a conversation about helping your team to buy real estate with an employee fund. Jake and I met less than a month ago at the Tribe Mastermind, and I’m so glad we did! He owns a property management company in Idaho, and I was blown away and inspired to learn his take on things and how he manages his team and his business. As you’ll learn today, Jake runs an employee fund that helps his team to buy real estate or become part owner in a real estate investment. He found that it was challenging to have his team really understand what it’s like to be an investor, and struggled with the empathy gap. He also wanted to help his team members create some passive revenue. This employee fund achieves both. Jake’s company gives annual profit-sharing, and the profit share that each employee receives gets matched in the employee fund. With that money, they’re able to buy equity in the company, so their equity amount increases each year. This helps them financially while also developing that empathy for investors that Jake finds so important. Tune into this episode to learn exactly how Jake runs this fund and makes it work for his company. He’ll talk about how employees vote (and how he protects himself from bad votes), how he handles active versus inactive members and people who have less interest in learning to invest, and the biggest lessons that he’s learned and things he would do differently. If you’re ready to increase employee satisfaction and retention, all while helping them to better understand the world of investment, absolutely don’t miss this conversation! In This Episode: [00:15] - Steve welcomes listener’s to today’s episode, which features a conversation with Jake Durtschi. [01:28] - Jake talks about his employee fund and the challenge he was solving by originally creating it. [03:15] - We learn about whether this program helps Jake’s team stay happy and stick around longer. [05:19] - Jake explains where the money that goes into the fund comes from, and talks about being the majority shareholder in the company. [08:07] - We hear about what power the team has as far as control and how voting works for shareholders. [09:24] - What if Jake’s entire team wants to buy something that he thinks is a horrible investment? How does he protect himself? [12:17] - Because Jake has more equity than anyone else, he has the most votes. [12:37] - Jake talks about how he handles active versus inactive members of the fund, and people who have zero interest in learning real estate but would like to be involved financially. [14:01] - How does Jake handle the sweat equity part of the equation? [15:34] - We learn about how money goes into and out of the employee fund. [17:10] - Are there any big issues that come to mind that Jake has dealt with, or something he wishes that he had done differently along the way? Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Jake Durtschi on LinkedIn Tribe Mastermind
Welcome to the Good Life Property Management podcast! I’m your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only great business, but also great lives. I’m here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty's Music! Today’s special episode will be a little different than usual. This one will have topics involving spirituality, just so you know in advance. With that said, the things I’ll cover have genuinely transformed my life, and I wanted to share in case they can do the same for you. I’ve been on a spiritual journey for my whole life, and I’ve gone through stages of finding time freedom, money freedom, and freedom of purpose. Right now, I’m on a journey to find freedom from self, and the book I’ll talk about today has changed everything for me. The Untethered Soul by Michael Singer has given me many amazing nuggets of wisdom, which I’m excited to share with you today. For example, you aren’t your thoughts. Instead, you’re the consciousness behind the thoughts; you’re the space in between that’s actually observing what’s going on in your mind. Isn’t that powerful? As a result, as he explains, there are no problems other than the problems that the mind creates. Let your mind be your mind, and allow yourself to observe it rather than identifying with it. If you’re ready to explore a new way of seeing life, or if you’ve been considering reading The Untethered Soul but haven’t gotten to it yet, don’t miss this episode. Your life can be more fulfilling than you realize, and the way to get there may not be what you expect. In This Episode: [00:15] - Welcome to a slightly different episode! This one is all about a book that changed my life: The Untethered Soul by Michael Singer. [01:03] - Steve is really into freedom from self right now, he explains. [02:34] - We learn about some of the nuggets of wisdom that Steve has pulled from today’s book. [04:00] - Steve digs deeper into the process of becoming selfless and going beyond the self. [05:22] - We hear another pearl of wisdom from The Untethered Soul. [07:01] - Steve reiterates his point about how to deal with stressful thoughts. [08:36] - We hear another quote and concept from The Untethered Soul relating to your mind being a place that you go. [10:09] - Steve shares another point: if you challenge your limits, they’ll go away. [11:53] - Willpower is hard at the end of the day, but just meditating for a few minutes can make a difference. [12:08] - “When you cease to devote your life to satisfying your lower self as a means to being okay, your happiness and your joy will exponentially grow.” [13:31] - Steve recommends learning more about inner work by reading Michael Singer’s book. [13:58] - We hear a song that Steve recently wrote to close out the episode. Links and Resources: Steve Welty's Music steve@goodlifemgmt.com. Steve Welty on Facebook The Untethered Soul by Michael Singer
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