Why You Should Self-Manage Your Rentals | Dave Menapace
In this episode of LearnLikeaCPA Podcast, our guest Dave Menapace shares his journey from healthcare consulting to real estate investment and co-hosting business. Dave discusses his experience in short term rentals and consulting, and provides valuable insights for those looking to transition from a W-2 job to real estate.In this episode, we cover:- Dave's background in healthcare consulting and his entry into real estate investment.- The reasons behind Dave's decision to purchase his first house and how it led to short term rentals.- Dave's experience with scaling from one to nine properties and the financing strategies he utilized.- The evolution of Dave's business from co-hosting to consulting and mentoring in the real estate industry.- Advice for individuals looking to transition from a W-2 job to a career in real estate and how to approach the shift with confidence.
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Timestamps:
[00:00:00] Intro
[00:00:24] Transitioned from healthcare IT to consulting director.
[00:05:21] Launched short-term rental business in Bethel, Maine.
[00:08:30] First client unknowingly helped start company. Increased rates.
[00:11:36] Encouraging homeowners to consider self-management of properties.
[00:16:26] Clarify vision and goals for real estate.
[00:17:25] Prioritize serving, self-image, and clarity.
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*None of this is meant to be specific investment advice, it's for entertainment purposes only.
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