Ways to Apply 4HWW (Four Hour Workweek) principles to real estate
Investor · Longmont, CO · Member since 2013 · 23 posts · 6 votes
After listening to almost all 52 BP podcasts, I decided to re-read the Four Hour Workweek recently, given that so many guests are raving about it as their favorite business book. I was sitting here brainstorming ways to apply some of the outsourcing principles to my involvement as a new investor and thought I'd go public, since many minds are always better than one.
So far I have a small list going, but would love to hear if you all have any other ways you have put either outsourcing, or any other 4HWW (muse creation, 80/20 rule, etc.) into your real estate businesses.
Here's what I've come up with so far:
Virtual Assistant (VA) tasks:
- screening MLS for potential deals
- yellow letter campaigns
- Google Adwords tracking and implementation
- managing tenant screening process (background checks, tenant checks, etc.)
- tracking down absentee property owners
- generating a list of every commercial building owner in your town
- collection and aggregation of data in due diligence process for a commercial purchase
- researching cash buyers in targeted markets
- identifying common expense items in a new market (trash, electric, water, property tax rates, etc.)
What else might make sense?
Marc