EP 424 - What Makes a Great Acquisition Manager (& How to Pay Them)

What did you think of todays show??A new hire can move fast if you set them up right. In this episode, Dylan shares why his third attempt at hiring an acquisition manager has finally paid off. Hear how he's paying his new AM, what helped his AM start talking to sellers on day one, and the one thing he won’t delegate — no matter how good the hire is.We also get into how to protect yourself and your real estate business, from unexpected legal issues to institutional buyers making a comeback in competitive markets. Join the conversation now!Topics discussed:How are institutional buyers affecting the market? (04:05)The largest buyers in real estate (07:55)Competing with institutional buyers in your market (13:02)What Dylan is paying his new acquisition manager (16:43)The biggest challenge for AMs (18:36)Preparing your new AM to take over leads (21:57)KPIs and performance trends (24:27)Your role in managing your AMs (28:23)Lawsuits, liability, and insurance (31:35)Learn more about the Collecting Keys SCALE Community! https://collectingkeys.com/scale/Check out the FREE Collecting Keys “Invest Anywhere” Guide to learn how to find deals in ANY MARKET Completely virtually (this is how we scaled to over a dozen markets)!https://instantinvestor.collectingkeys.com/invest-anywhereFollow us on Instagram!https://www.instagram.com/collectingkeyspodcast/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/https://www.instagram.com/dylan_does_dealsThis episode was produced by Podcast Boutique https://www.podcastboutique.com