Episode 153: Losing It All in 2008: How He Turned a Failing Business into 470 Doors | Todd Ried

In this episode of The Evernest Property Management Show, Todd Reid reveals how the 2008 financial crash wiped out his financing, forced mass layoffs, and pushed him into full-time property management. He reveals exactly how he rebuilt from survival mode to a 470-door property management portfolio with actionable steps that any aspiring wealth-builder could follow. Reach out to Todd on LinkedIn or Facebook.

You'll learn:

• How Todd turned a catastrophic bank failure into a thriving business
• What Todd and Spencer would have done way earlier to make their property management businesses succeed sooner
• The difference between the adrenaline of finding new deals and the grind of property management + recurring revenue
• How Todd turned a catastrophic bank failure into a thriving business - and what you can do to get all the glory with less strife and struggle

Plus:

• The importance of community and how it's unlocked opportunities for Spencer and Todd alike
• Why reaching 1,000 doors no longer appeals to Todd (and what he's focused on instead)

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Connect with Matt and Spencer at Evernest: Evernest.co

Guest: Todd Reid | Reach out to Todd on LinkedIn or Facebook

Link: Connect with Evernest

Link: Evernest YouTube Channel (@ThreeHundredToThreeThousand) (Watch this episode and more!)

Visit the Podcast Website: Evernest.co/podcasts

Email the Show: podcast@evernest.co

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Production House: Flint Stone Media

Copyright of Evernest 2025.