Convention Lessons (by DJ [VA]) Jun 3, 2023 8:44 PM|
Convention Lessons (by Simplify [NY]) Jun 4, 2023 7:33 AM
Convention Lessons (by Sean [MA]) Jun 4, 2023 3:02 PM
Convention Lessons (by Ray-N-Pa [PA]) Jun 4, 2023 8:40 PM
Convention Lessons (by BRAD 20,000 [IN]) Jun 4, 2023 11:27 PM
Convention Lessons (by J [IN]) Jun 5, 2023 10:48 AM
Convention Lessons (by Simplify [NY]) Jun 5, 2023 11:31 AM
Convention Lessons (by zero [IN]) Jun 6, 2023 1:34 PM
Convention Lessons (by Ryan24 [MD]) Jun 6, 2023 3:15 PM
Convention Lessons (by Shakil [VA]) Jun 6, 2023 3:19 PM
Convention Lessons (by Larisa [CA]) Jun 6, 2023 5:58 PM
Convention Lessons (by Jim [OH]) Jun 7, 2023 7:49 AM
Convention Lessons (by JoshG [CA]) Jun 8, 2023 11:27 AM
Convention Lessons (by DJ [VA]) Posted on: Jun 3, 2023 8:44 PM
It's done, for another year! Phew!
Now to digest it all and implement things.
Wow, I heard so many great things & talked to so many great people!
Thank you Jeffrey & Dot!! : )
Kevin says it's been quiet here on the forum- LOL
It's not been quiet here at the convention.
Hopefully, we who attended will have some fresh insights to share with everyone here, as subjects come up.
For those who attended: Praying for safe travels as we all head home.
Would you mind sharing here 1 or 2 of the fresh insights you have acquired over the last few days?
Me? I've been reminded that God is the owner & I am the manager - and I need to do better work for him.
Alicia Merriman's info on mid-term rentals will be valuable - I'd been recently talking about focusing that way.
And I REALLY do need to stop procrastinating & get that estate planning done.
OK, maybe share 3 things : )
Convention Lessons (by Simplify [NY]) Posted on: Jun 4, 2023 7:33 AM
Oh my goodness everything DJ said!
#1 up until 11am each day is my time - no email, no reactions to events, just me and our business vision
#2 (checks notes) do you want fries with that?
#3 tenant retention plan, from targeting influencers to welcome gifts and much more
So great to meet everyone in person, get some amazing training, and be in a community of thoughtful landlords!
That Friday night breakout session, 200 people for 2 hours sharing and supporting and taking landlording to a whole 'nother level - so powerful. --172.59.xx.xxx
Convention Lessons (by Sean [MA]) Posted on: Jun 4, 2023 3:02 PM
It would be tough to only chose 1 or 2, as the 3 days was full of great content from morning till night. I literally got useful, pertinent, and informative information from just about all the speakers (Brad 20k, Mary Hart, Charles Dobens, etc), especially the Professor himself. It is always beneficial to listen-up when the Professor is on a roll (right, Mr. Lee?!)
I got a lot out of Lee Philips’ seminar on Tax Strategies and also in the round tables he hosted during the Brainstorming and Exchange Sessions. Lee is a must have (Jeff, maybe bring him to Punta Cana this coming year??).
George Antone’s session on how using leverage as an inflation hedge while also growing your wealth was great too. In fact, I plowed through a good deal of his book that was given out (at no extra charge too) during my flight back to MA. That book expanded on what he said during his session, which made me change the way I will go about my upcoming deals that will increase their returns exponentially (to say the least!!).
Sidenote: it was great meeting everyone and to be able to put faces with the names. Another job well done Jeff and Dot…Great vibe, great people, great content! See you in Punta Cana!
Convention Lessons (by Ray-N-Pa [PA]) Posted on: Jun 4, 2023 8:40 PM
On my way to every convention, I was listening to a radio station that I created - Arena Rock. It is music to get yourself fired up for any big event.
This year, thanks to both to and Jeffery - I was listening to that same set of music AFTER the convention and I was more than pumped up.
Now that I have had a full day to get rested up and unload the car, I am ready. I didn't count the number of pages of notes I wrote, but there are about 30 pages.
So if any one is wondering what that huge lesson I am making - this one is simple. on my calendar, I cutting out three 90 minute windows weekly to take the tools that were dropped on my lap, and start to digest the most effective way to implement them.
Jeffery you have a way to be a true force multiplier. I also loved the way that you packaged the follow up training. I believe it will allow those who want more beyond a small virtual snippet to get that snippet without really doing much selling at all at the meeting.
Believe it or not, where many might say one of the last speakers really didn't a sharp job selling their specific idea, I would largely disagree. Where maybe I am not the biggest fan of hotel conversions - I have steered a junior high school conversion and what he opened up my eyes to is other possibilities....can I find a dying small mall close enough to me?
Finally, when it comes to invest opportunity funnels, yes indeed I saw where I need some work. I pulled Vena off to side and told her of the largest apartment tower opportunity in a city about 40 minutes from me. She asked me why I didn't first jump on this when I first learned about it. I told her, I didn't like that level of headaches - 60 class C- apartments in a city in a declining market. I was in one of her master mind classes a few years back so perhaps I should consider it. By the middle of the week, I might make that 45 minute drive and start doing that feasibility study. I know that this building is on four of the list that she discussed. --24.101.xxx.xxx
Convention Lessons (by BRAD 20,000 [IN]) Posted on: Jun 4, 2023 11:27 PM
Great to see everyone-MY PEEPS! I missed ya'll.
I am now cancer free and getting my strength back so this was a great kickstart and motivation to get back in the saddle.
Met some AMAZING people doing AMAZING THINGS!
Vena: when the 8th heir won't sell, buy 7/8ths of the property.
Jeffrey: when do you tell your res you love them? Frequently!
Making positive contacts not just late letters.
I bought Jeffrey's system to train my new in house manager - saving me TONS of time and raising the standards.
I learned SOOOO much from attendees during meals and roundtables, tips and tricks.
Convention Lessons (by J [IN]) Posted on: Jun 5, 2023 10:48 AM
This year for me I was going more for motivation. Something about hanging out, sharing, and learning in the special ambience that Jeffrey creates, with 200 other likeminded entrepreneurs does something to the mind. I had taken 3 years off from the conventions (and my business) and I shouldn't have. Something about my mindset got messed up during the lockdown and I even went and bought a big white work van and have all my tools and supplies sorted in it so I can do maintenance and service calls.
#1) I wanted to complain about how all my “work” sucks, in fact I was complaining about my problems to Mike on Wednesday and it hit me that they were all problems I created! (Thanks Mike!) There is something about hearing yourself speak that you don’t get staying at home.
#2) I thought I was done and was at the point of “enough” and could just cruise to retirement and had just enough to survive and die broke. BUT then we got the Legacy talk. Got to say, in the back of my head I thought of the tenants as my legacy and the fact is NONE of them would come to my funeral (well maybe 1 or 2 would show) Thank you Mary Hart for the Mindset shift. Then we had Mr. Standfield repeating into our minds that we were not done. We can do more and do better and help others. I decided I am not done.
#3) I mentioned to Jeffrey on Wednesday after the meet and greet that I needed to get motivation from this convention…He went out of his way to MAKE SURE I got what I needed. Similar to the Nick Koon award that was presented, I can Honestly say I would not be where I am in this business without Jeffrey’s leadership and the 2008 Las Vegas MrLandlord convention and all the MrLandlord Conventions I was able to make it to since. Jeffrey has never invited me to stay at his home BUT he has invited me every year to vacation with him and his family and I think I will try to get on the standby list for the Retreat for this coming year!
Thank you Jeffrey Taylor for allowing me and my family to be a part of the Legacy you and your family have created!
Convention Lessons (by Simplify [NY]) Posted on: Jun 5, 2023 11:31 AM
Austin talked in his maintenance brainstorming session about using super fine sand paper to remove stains on fiberglass tubs or composite vanities etc, and mentioned it works great but isn't shing.
"Gel Gloss" is the name of the polish I was trying to remember in the pink bottle and yes it is available as a liquid (wipe on, buff off) or aerosol spray. It does use carnuba wax which others mentioned to. Worth a try! --104.255.xx.xxx
Convention Lessons (by zero [IN]) Posted on: Jun 6, 2023 1:34 PM
I have yet to even try and go thru all the notes the boss and I compiled. So much data. It was almost overwhelming to us as first time attendees.
Met many people and have talked to a few after the conference even.
Three things immediately in the que?
1) Wrote up one page will addendums to bring the old wills up to date. Last ones we had said who took the kids. They wouldn't appreciate that now since they are mid twenties and above. Having them notarized in front of witnesses in the morning.
2) Grabbing quick things that will give me more time to do the specialized work I need to do or even just give me time to find and structure more deals. First on my list is to park the mower at my house and find someone who I can 1099 to deal with all that. Thanks Brad and Ray!
3) Grabbed my spreadsheet that we do all our finances on and added Schedule E tabs by each property. Have a note in the file to call the tax people and see how they want the info. We pulled the old tax records out and saw that there was already a DeMinimus paper in there. Didn't even know.
My head is still spinning from it all. I appreciated all the words of wisdom, pushes in the right direction, and stories of what has happened to others.
Thanks most of all to Jeffrey and Dot for not only getting this all organized but for keeping it on task! --107.147.xx.xxx
Convention Lessons (by Ryan24 [MD]) Posted on: Jun 6, 2023 3:15 PM
My first Mr. Landlord convention and I will say it was an amazing experience. I met so many people all with the same goals from across the country. Thank you to Jeff and Dot!
So much valuable information as well. Really made me think and I got to learn and get new ideas from so many different perspectives. My top 3 favorites -
1. define your ideal tenant and market to influencers
2. AI and the applications in automating your marketing and online tasks
3. Probably the most important for me is it made me really stop and step back to think - what do I want the business to become going forward? How do I want to grow? How do I get there? And what do I need to do in order to get there?
The information and ideas were so plentiful and it was a very cool experience getting to talk to other landlords and hearing the different kinds of businesses you all have. Thank you! --73.135.xx.xxx
Convention Lessons (by Shakil [VA]) Posted on: Jun 6, 2023 3:19 PM
George Antone was one of the best speakers, I learned during this worthwhile Mr. Landlord convention at OH. My thought process and paradigm changed altogether. Rethinking when I was in the flight back to home. During driving from airport to home, I shared it with my 25 old year son who also was shocked how we have ignored the idea that finance first based assets we should focus. I began reading Jeffery bonus book (Bebt Millionaires) and more I read, more my mind is hungry to dig the trench against error I made in property acquisition. Specially, wealth equation and WealthQ--we should be in receiving side not paying side. Impact of inflation is huge (it is ~10% not 3.5% that gov publishes). I decided to make correction this year to reposition as learned from the convention.
I was thinking to plan for retirement and wrap up, but this convention super charged the attendees like me and re-thinking to do more..share with friends and family and leave some degree of legacy...it is not just money, it is rapport we built among people and what we leave with them for future.
Just a suggestion in future convention:
Would it be prudent to bring like-state attendees for couple of hours, introduce each other and discuss common interest. This will help to exchange ideas with those living close neighbors e.g MD/VA. because we attended the same event and gather similar info. and sharing powerful ideas and local resources.
Jeffery idea -"Test idea after name the program" for example welcome gift program, agency partnership program, employer partnership program, enlightened new ideas for finding good residents (stop calling tenant). He used the term "Performance review" rather than "property inspection" when visit the property. I learned many very useful term to use in the rental market.
Convention Lessons (by Larisa [CA]) Posted on: Jun 6, 2023 5:58 PM
This was my first Convention and it was content-rich and a great use of my time. I enjoyed everything except the A/C - brrr! ;)
Finding a qualified applicant pool is top of mind for me, so the referral marketing (Influencers) and "Employer Partnership Program" and so on were total gems.
Resident Retention isn't something we've really looked at but I can see how it pays great dividends. I really liked the phrasing of the different interactions- courtesy safety check, performance review, and that whole session was chock-ful of takeaways.
The George Antone session was super helpful - the hands on exercises really helped drive the point home.
Very much looking forward to reviewing my notes and getting to the implementation phase.
Thank you Jeffrey and Dot for an exceptional event! --76.158.xxx.xxx
Convention Lessons (by Jim [OH]) Posted on: Jun 7, 2023 7:49 AM
Hands down, the best question came up during the explanation of 1031 exchanges; "What if the bull identifies as a cow?"
Am still smiling over that one. --184.57.xxx.xx
Convention Lessons (by JoshG [CA]) Posted on: Jun 8, 2023 11:27 AM
This convention brought so much more than I expected! It was not only motivational but also refreshing to meet and see some many people that are willing to help and share so that we all succeed! It's a special group and I'm pleased to be a part of it. Take care ya'll! --104.28.xx.xx