#51 - Avoid Early Hires, The Golden Portfolio Leverage Percentage, & Property Management Tips

Keith starts by sharing how he brought on both a partner and a virtual assistant almost immediately after launching his investing business in 2016 — and why he now believes hiring that early was a mistake.He then walks through the 55% maximum leverage rule he personally uses across his rental portfolio and explains how he built that number by studying major historical market downturns.Finally, Keith explains why investors managing rentals in multiple markets should stop trying to do everything themselves and hire an exceptional property management company instead.Takeaways:Why partnering on your first deal will help you “earn while you learn”The difference between hiring a generalist and hiring a specialistWhy every recurring task should have a documented SOPWhy you shouldn't expect an employee to create your business systems for youHow Keith developed his personal 55% maximum portfolio leverage rule and how you can use it tooWhy Keith believes paying 10% for excellent property management is worth itWhy websites and five-star reviews aren't enough when choosing a managerChapters:00:00 Introduction00:48 The Relentless Pursuit of Success01:58 Starting Out in Real Estate Investing06:39 The Importance of Leadership and Team Dynamics11:35 Understanding Market Cycles and Financial Safety15:50 Leveraging Real Estate Investments Wisely20:58 Choosing the Right Property Management Company24:12 Outro🎁FREE Goal Setting Masterclass: https://knowledge.reiautomated.io/courses/self-mastery 📜FREE Purchase & Sales Agreement: https://go.reiautomated.io/strongest-psa-lm 📊FREE Deal Analyzer + Repair Estimator: https://go.reiautomated.io/deal-analyzer   📃FREE Joint Venture Agreement: https://go.reiautomated.io/jv-agreement-flm 🏠FREE Facebook Community: https://www.facebook.com/groups/realestateinvestingandwholesaling  🧑🏻‍💻FREE COURSE (watch 5 min first): https://playbook.reiautomated.io/?source=Keith&campaign=OFC 🌟CLIENT RESULTS: https://youtu.be/wtDCqarJceM?si=QsXJyAKV6eVL-Eeb SOCIALSInstagram: https://www.instagram.com/keithg_rei/ Facebook: https://www.facebook.com/Keith.GillispieMusic from #Uppbeat (free for Creators!):https://uppbeat.io/t/monobox/backboneLicense code: OZZJFTOT1V6EYPPY