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
