Why you CANNOT do property alone

Welcome everybody to the audio version of the Boostly podcast. So today I am going into the vault and I am finding some of the best clips from a 24 hour clubhouse room that we ran this year. It was an, it was an amazing experience to be part of, to host it, to admin it, and to grab friends and peers from the industry into one room on the, the leading audio app and help hosts all over the world. We had a lot of fun. We touched every single corner of the globe and what I wanted to do is be able to put it together, find the best bits and put it into the daily Boost podcast. So I hope you enjoy. The section is not going more than 10 minutes, but it's going to feature a part of the 24 hour room that resonated the most with me. So thank you for tuning in and I will be back tomorrow with another podcast podcast episode. Right now though, let's jump into that clubhouse room.

The ego entrepreneur that has to do everything. I, I acquired 21 units in six months and I did everything, you know, I, I was putting curtains up at 2am in the morning with the wife ringing me saying, where the hell are you at? And I'm like, I've got to get these curtains. I've got some guests coming tomorrow. And, you know, and, and I, I exploded. You know, I was, I just didn't, I didn't, I didn't believe in help, I didn't want to give any money away and, and I ended up smashing my head open and ended up in hospital. And pretty much the doctor was like, you burnt out, like you're doing far too much. And that was, that was the moment for me where I listened to Clockwork, the book, and just changed absolutely everything for me. And from that day forward, I don't even think I've lifted a hammer or a, a drill. And I've instantly built a team around me and now I don't really go near properties, I don't do anything with them, I don't get involved in operations. But my business has gone from, you know, just, just capital. I don't know what the percentage growth has been, but it's been, you know, a lot. And that was because people can take you so much further than you can do it, you know, by yourself. You can only go so far by yourself. You have limitations. And also, you know, one thing that I've understood from managing people, not only in my business, but kind of the roles I've had previously is you never get somebody to do two roles in a company. Because they will always choose the role that they prefer and they'll use that as the excuses why the other role doesn't. Doesn't get the time of day. So to give you an example, you know, if I had someone doing guest operations and sales calls to estate agents to try and, you know, to try and pick up new units, well, they might not like cold calling. So they'll just do all the guests hand, and then they'll be like, oh, we had so many guests this week, I just didn't have time to do the sales calls. You know, naturally you might get someone who doesn't like handling guests, or they. But they love picking the phone up, which is me. So I'll be like, sorry, the operation's gone to. Because I didn't have time, so I was ringing the stage. And so all the time. So one thing I've learned is, like, get people what I call in their zone of genius. And that goes to you as well. Get yourself in your zone of genius. Do what you like, do what you enjoy, and then you hire every single person in their own different zone of genius that complements your business. And if you do it in the right way, they will return an investment. They will return on your investment in them, both financially and in terms of what you get out of it. They won't be an expense to your business.