26: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier

<p>Successful real estate investing involves a lot more than just tenants, toilets, and trouble. Successful investors have learned to manage their investing like a business and not a hobby by creating systems to scale their efforts and build wealth faster and more securely. To get a better idea on just how to do this, on the show today we talk with real estate pro&nbsp;Chris Clothier&nbsp;of Memphis Invest, who shares his story and his view on how to start working&nbsp;<em>on</em>&nbsp;your business and not&nbsp;<em>in</em>&nbsp;your business. If you are looking to take your investing to the next level while maintaining more control – don’t miss this episode. Chris also has some awesome tips on getting your properties rented quicker and dealing with difficult tenants so be sure to take notes!</p><p><a href="https://www.biggerpockets.com/bpp26-chris-clothier-podcast-transcript-real-estate-business-management" target="_blank">Read the transcript to episode 26 with Chris Clothier here</a>.</p><p>In Today’s Show, We Cover</p><ul><li>Student housing: a good idea or a bad idea?</li><li>When&nbsp;NOT&nbsp;to use&nbsp;partnerships&nbsp;– and the perfect kind of partner.</li><li>What comes first: hiring&nbsp;employees&nbsp;or ramping up your&nbsp;marketing.</li><li>What true marketing really is… and why it&nbsp;costs nothing.</li><li>Tips for&nbsp;outsourcing&nbsp;parts of your business that don’t excite you.</li><li>Why Chris didn’t use a formal&nbsp;business plan&nbsp;but you probably should.</li><li>How to&nbsp;hire people&nbsp;and guarantee you can always pay their salary.</li><li>Chris’ unique “game” for&nbsp;filling vacant units.</li><li>The one tenant trait that is an&nbsp;automatic denial.</li><li>Specific questions to&nbsp;ask a property manager&nbsp;before hiring them.</li></ul><p>Links from Today’s Show:</p><ul><li><a href="https://www.biggerpockets.com/blog/2013/03/14/hard-money-lending-ann-bellamy/" target="_blank">BP Podcast 009: Using Hard Money Lenders to Grow Your Business with Ann Bellamy</a></l