Jimmy Murray is a millennial house hacker turned corporate dropout. Jimmy is the co-owner of Lyon Property Management. Lyon manages just under 600 doors in the Rhode Island and southern Massachusetts markets.
In this episode, Tyler and Jimmy’s discussion focused on the systems and processes for creating the most effective property management service possible. They discussed the traits required to be an effective property manager, placing great tenants, the turnover process, the importance of communication, the biggest mistakes property managers make, as well as technology, with Jimmy sharing insight on the three major showing software programs. They also talked about creating processes to improve your team, rather than competing against competitors.
Other topics included creating art by following your passion, the difference between a great real estate investor and a speculator, Andy Frisella’s 75 Hard, the BRRRR method, problematic tenants, pivoting, living the life you want coaching and more. Elevate Nation can expect an insightful discussion on one of the most key components of creating a successful real estate portfolio!
Connect with Jimmy:
Instagram: https://www.instagram.com/thenotoriouscfk/
Facebook: https://www.facebook.com/thenotoriousCFK
Website: http://www.lyonpropertygroup.com/
The following books were mentioned in the show:
The Richest Man in Babylon, by George S. Clason
The Wealthy Gardener, by John Soforic
The Dip, by Seth Godin
The Icarus Deception, by Seth Godin
The Four Disciplines of Execution, by Chris McChesney
Apply for coaching with Tyler! The world's top performers in any field have a coach to help them achieve drastically greater results and in less time. The most successful real estate investors are no different. To apply for a results coaching session with Tyler, visit coachwithtyler.com.
This episode of Elevate is brought to you by CF Capital LLC, a national real estate investment firm that focuses on acquiring and operating multifamily assets that provide stable cash flow, capital appreciation, and a margin of safety. CF Capital leverages its expertise in acquisitions and management to provide investors with superior risk-adjusted returns while placing a premium on preserving capital. Learn more at cfcapllc.com.
An Important Announcement from Tyler
E320 Peter Boockvar – Insights for Investor Action: Assessment of the Current Economic Landscape and Market Conditions from a Leading Voice in Finance
E319 Tyler Chesser – Think and Raise More Capital: The Secrets of Building Trust, Aligning Investor Interests and Becoming an Elite Equity Raiser
E318 Vinki Loomba – Vibrating on the Wavelength of Your Dreams: Unleashing Your Potential with Manifestation in Real Estate
E317 Brien Lundin – From Gold to Geopolitics and Macroeconomics: Expert Investor Perspectives for the Long-Term, Wise Investor
E316 Tyler Goble – How to Leverage Data Science to Transform Your Investments and Use Your Financial Success to Make Massive Impact
E315 Marc Weisi – From Wall Street to Main Street: Success in Real Estate and Leveraging it to Design Your Ideal Lifestyle
E314 Keith Wasserman – Compounding: Leveraging Common Sense, Grit, and Being a Contrarian to Scale Your Real Estate Holdings
E313 Dr. Mikki Lake – Practicing Medicine on Your Own Terms: From Overwhelmed to Free by Intelligently Leveraging Real Estate Investments
E312 Matt Faircloth – Unleashing Your Authentic Self: Adding Value and Attracting Opportunities in Real Estate and in Life
E311 Bernard Reisz – Investing in Great Assets, Elevating Your Tax Strategy & Leveraging the True Value of the NPV of What You Do with Tax Savings
E310 Chester Elton – Mastering the Art of Engagement: Fostering Teamwork and Collaboration for Success
E309 Mark Kenney – How to Invest, Grow, and Scale in Multifamily Real Estate, Navigating Challenges and Overcoming Setbacks
E308 Scott Lewis – Designing and Managing a Large Thriving Real Estate Investment Organization with Strategic, Operational and Tactical Excellence
E307 Marshall Goldsmith – Breaking Through Limiting Beliefs: Unleashing Your Potential for Success and Happiness with the #1 Leadership Thinker in the World
E306 Chris Salerno – Create Your Own Luck: Leveraging Ambition and Burning Desire, Working Smarter and Harder Than Anyone Else
E305 Charles Carillo – Leveraging Real Estate Challenges to Grow Your Portfolio and Using a Buffer to Protect and Compound Your Wealth
E304 Pete VanderVeen – Become a Better Leader and Real Estate Investor with Emotional Intelligence
E303 Tyler Chesser – The Power of Going Big: Unlocking Your Potential in Real Estate and Life
E302 Amanda Cruise - Unleashing Abundance: How Real Estate Can Transform Your Life
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