What are Systems????

[Shawn C.]

Everyone talks about either developing or having systems. I am at a loss, what are some systems people have and how did you develop them?

[Frank Geiger]

Systems are what make any successful business run efficiently.

Here are some examples of systems. You have 10 agents and 5 wholesalers dropping potential properties in your inbox everyday. You text your contractors to meet you at a property and submit a bid for your review. The contractors know how to rehab your properties because you do they same finishes on every rental. You have your listing agent prescreen flip properties and send you comps on your deals. In your PM company, your assistant automatically knows how to onboard and market a property. I could go on and on but that's the basics. 

Think of it like having policies or procedures in place to help facilitate an end goal.