• 009 - Lessons Learned: Mistakes Made in 2024

  • Dec 30 2024
  • Length: 43 mins
  • Podcast

009 - Lessons Learned: Mistakes Made in 2024

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  • Summary

  • In this episode, Frankie D'Astoli reflects on the lessons learned from mistakes made in 2024 while scaling his real estate portfolio. He emphasizes the importance of thorough inspections, proper tenant screening, and the necessity of bookkeeping and organization. Frankie shares specific experiences that highlight the consequences of overlooking these aspects and discusses the balance between running a business and showing compassion as a landlord. He concludes with a positive outlook for 2025, focusing on growth and scaling strategies.

    Chapters

    00:00 Introduction and Reflection on 2024

    02:56 Mistakes in Real Estate Investing

    05:54 Learning from Mistakes and Creating SOPs

    08:54 The Importance of Inspections

    11:57 Tenant Screening and Eviction Challenges

    21:54 Setting Expectations with Tenants

    26:52 The Importance of Bookkeeping

    32:09 Project Management and Organization

    34:05 Navigating Tenant Relationships

    40:56 Growth vs. Scaling in Real Estate
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