Hey everyone, Blake Johnson here. Today, I want to share a pro tip that I am truly passionate about: the importance of building a strong team in real estate investing. Let’s dive into why your team matters and how to build solid relationships with the people who help you succeed.
The Importance of a Reliable Team
In real estate investing, your team is everything. I’ve had clients that I’ve worked with for nearly a decade. Our relationship isn’t just professional. We know each other on a personal level too. This kind of trust and history is crucial. When you build a team, you build a foundation for long-term success.
Trust Is Key
Building trust goes beyond just doing deals. You must establish real connections. A simple conversation about someone’s day can go a long way. Make the effort to know your contractors, lenders, insurance agents, appraisers, and realtors. These people are your teammates, not just service providers.
Treating Teammates Right
Here’s a saying I often use: “If you treat us like contractors, we’ll treat you like clients. But if you treat us like teammates, we’ll treat you like a team player.” At first, this might sound a bit harsh, but think about it. When you treat people as part of your team, they are more likely to work harder for you. The closer the bond, the better the collaboration.
Practical Steps to Build Your Team
- Spend Time with Them: Even if it’s just five minutes, ask them about their day. It shows you care.
- Communicate Openly: Be transparent about your goals and expectations.
- Be Reliable: Always follow through on your promises. Trust is built over time.
- Show Appreciation: Recognize their hard work and say thank you when they go the extra mile.
Building Long-Term Relationships
Your team will grow and change over time. The key is consistency. Keep investing in these relationships. A strong team isn’t built overnight, but the benefits are worth the effort. Focus on building a reliable network that you can count on for years to come.
Conclusion
The ability to build and nurture a solid team is a game-changer in real estate investing. Treat your team members with respect and build genuine relationships. Your success depends not just on your own efforts, but on the combined strength of your team. Trust me, it’s worth every minute you invest. So, start today and watch your real estate ventures thrive like never before.
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