Why and How To Use Property Managers for your Real Estate Investments with Ralph Reahard

Ralph Reahard, MBA, is the Owner and Principal Broker of Real Property Management Richmond Metro. In 2011, Mr. Reahard graduated from the University of Richmond Robins School of Business with a Master’s Degree in Business Administration. While in grad, Ralph began investing in small multifamily developments in the Richmond area. He “self-managed” his own portfolio before opening a Real Property Management franchise in the summer of 2014. As a franchise system, Real Property Management is the industry leader providing turnkey solutions for landlords across the United States and Canada.

[00:01 – 03:56] Opening Segment

  • I talk briefly about great values that await you in this episode
  • I introduce the guest, Ralph Reahard
  • Ralph talks about his background and his business

 

[03:57 – 14:01]Tips, Tricks, Strategies for Working with Property Managers

  • Partnering with Real Property Management
  • Finding and convincing potential clients to work with them
  • Growing their business and add value to their clients’ portfolios
  • Coordinating with a property manager
  • Ralph talks about how they work with contractors and clients
  • Addressing expectations from property managers

 

[14:02 – 21:12]Changes in the Richmond VA Market

  • COVID’s impact to the changes in the Richmond VA Market
  • Changes in the real estate market in VSU
  • Turnkey properties in Richmond

 

[21:13 – 26:20] Closing Segment

  • Quick break for our sponsors
  • What is the best investment you've ever made other than your education?
    • Buying a franchise business
  • What is the worst investment you ever made?
    • A restaurant investment
  • What is the most important lesson that you've learned in business and investing?
    • Always be thirsty for Education and always be willing to learn
  • Connect with Ralph. See the links below.

 

Tweetable Quotes:

“One thing when it comes to investing is, everything takes longer than you want it to, and everything costs more than you want it to, and that’s a fact of life. If you hit your numbers on everything you modeled out it would be a miracle.” - Ralph Reahard

“Always be thirsty for education. Always be willing to learn.” - Ralph Reahard

 

Resources Mentioned:

 

Connect with Ralph on LinkedIn or send him an email at [email protected]. Visit https://www.rpmrichmondmetro.com/ 

 

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.

This episode is brought to you by Roofstock, the world’s largest residential real estate investing marketplace. Open an account for free and start browsing turnkey investment properties today.

We are also supported by You Need a Budget. YNAB is a different kind of personal financial tracking company. They’ll help you track and plan your money with your priorities in mind. Open your trial account today and give it a shot!

About the Host

Taylor on stage

Hi, I’m Taylor. To date I’ve acquired or partnered on over $250 Million in Commercial Real Estate Investments. I help busy professionals invest in multifamily and self storage real estate through my company NT Capital

1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Not Sure How to Tell a Good Deal from a Bad Deal?

Learn 7 Red Flags in Passive Real Estate Investing

Free 7 Day Video Course

Real Listener Reviews

Extremely useful podcast
Extremely useful podcast
@thehappyrexan
Read More
Short, impactful with excellent guests. If you have a full time W-2 job or business and are looking for ways to get involved in real estate on the side, this is for you.
Simple & effective information!
Simple & effective information!
@jjff0987
Read More
This podcast is worth listening to for investors at all levels. The information is simplified for the high level investors but detailed enough to educate seasoned investors about nuances of the business. I recommend!
Awesome Podcast!!!
Awesome Podcast!!!
@Clarisse Gomez
Read More
The host of Passive Wealth Strategies for Busy Professionals podcast highlights all aspects of real estate investing and more in this can’t miss podcast! The host and expert guests offer insightful advice and information that is helpful to anyone that listens!
Great podcast!
Great podcast!
@Owchy
Read More
Love all the information and insights from Taylor and his guest. Fun and entertaining. Highly recommend.
Previous
Next

Popular Posts