Episode 318: How to 4X Your Real Estate Business with Michael Valente

Michael Valente is the founder and CEO of Renovation Sells Franchising; general contracting experts that focus on cosmetic renovations of pre-market homes to maximize sales price! Michael shares how he left his corporate job and began working for his mentor to learn the ropes of general contracting and renovation! He talks about starting his own general contracting business and the biggest lessons learned as he grew his business. He breaks down the genesis of Renovation Sells; his general contracting company that focuses on cosmetic renovations of pre-market homes so sellers can get top dollar! Michael dives into how he franchised his business and the most critical considerations in this process. Throughout the show, Michael emphasizes the importance of networking and largely attributes that to his success!   If you enjoy today's episode, please leave us a review and share with someone who may also find value in this content! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: [email protected] Guest: Michael Valente, Renovation Sells Link: Joel Schaub (Lender) Link: Faruk Daudbasic (Lender) Guest Questions 02:12 Housing Provider Tip - Ensure your units are priced correctly to find a renter before the end of leasing season. 04:30 Intro to our guest, Michael Valente! 09:02 Getting a General Contracting business off the ground! 15:38 Leaving a mentor to start your own business. 21:11 The idea of franchising a business. 30:01 How the franchise model works. 37:44 Biggest mistakes Michael made scaling his business. 43:08 Michael's pre-COVID Pilsen building! 46:37 Goals for the Renovation Sells franchise! 49:16 Top networking tips! 51:53  What is your competitive advantage? 52:41 One piece of advice for new investors. 53:10 What do you do for fun? 53:23 Good book, podcast, or self development activity that you would recommend?  54:32 Local Network Recommendation?  55:48 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.