E75 - Creating Systems for Effective Property Management with Jimmy Murray

Jimmy Murray is a millennial house hacker turned corporate dropout. Jimmy is the co-owner of Lyon Property Management. Lyon manages just under 600 doors in the Rhode Island and southern Massachusetts markets.   In this episode, Tyler and Jimmy’s discussion focused on the systems and processes for creating the most effective property management service possible. They discussed the traits required to be an effective property manager, placing great tenants, the turnover process, the importance of communication, the biggest mistakes property managers make, as well as technology, with Jimmy sharing insight on the three major showing software programs. They also talked about creating processes to improve your team, rather than competing against competitors.   Other topics included creating art by following your passion, the difference between a great real estate investor and a speculator, Andy Frisella’s 75 Hard, the BRRRR method, problematic tenants, pivoting, living the life you want coaching and more. Elevate Nation can expect an insightful discussion on one of the most key components of creating a successful real estate portfolio!   Connect with Jimmy:   Instagram: https://www.instagram.com/thenotoriouscfk/ Facebook: https://www.facebook.com/thenotoriousCFK Website: http://www.lyonpropertygroup.com/ The following books were mentioned in the show:   The Richest Man in Babylon, by George S. Clason The Wealthy Gardener, by John Soforic The Dip, by Seth Godin The Icarus Deception, by Seth Godin The Four Disciplines of Execution, by Chris McChesney   Apply for coaching with Tyler! The world's top performers in any field have a coach to help them achieve drastically greater results and in less time. The most successful real estate investors are no different. To apply for a results coaching session with Tyler, visit coachwithtyler.com.   This episode of Elevate is brought to you by CF Capital LLC, a national real estate investment firm that focuses on acquiring and operating multifamily assets that provide stable cash flow, capital appreciation, and a margin of safety. CF Capital leverages its expertise in acquisitions and management to provide investors with superior risk-adjusted returns while placing a premium on preserving capital. Learn more at cfcapllc.com.