009 - Lessons Learned: Mistakes Made in 2024

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.Chapters00:00 Introduction and Reflection on 202402:56 Mistakes in Real Estate Investing05:54 Learning from Mistakes and Creating SOPs08:54 The Importance of Inspections11:57 Tenant Screening and Eviction Challenges21:54 Setting Expectations with Tenants26:52 The Importance of Bookkeeping32:09 Project Management and Organization34:05 Navigating Tenant Relationships40:56 Growth vs. Scaling in Real Estate