How to Use “Asset Management” to Build Wealth (Even with a Small Portfolio!) w/Ashley Wilson
Real Estate Rookie
Shownotes Transcript
You DON’T need to scale your real estate portfolio) to start building wealth). Whether you own a single rental property) or one hundred doors, the size of your portfolio isn’t as crucial as your ability to manage it. Today’s guest is bringing you a masterclass on a fundamental skill that new investors often overlook—one that will help you get the most out of your portfolio and maximize your profits!
Welcome back to the Real Estate Rookie podcast! Ashley “BadAsh” Wilson is a** big-time investor **and long-time friend of the show who has perfected the art of **asset management, **having managed over 1,500 units to date! In this episode, she’s going to show you why this skill matters, how it differs from property management), and how to use it to gain a competitive advantage in your investing journey—even if you don’t have a large portfolio or have only just landed your first deal!
New investors must wear many hats, but Ashley shares three things ALL rookies can do to better manage their portfolios without outsourcing. She also walks you through the process of evaluating a multifamily property) and even shows you how to execute a value-add strategy that brings bigger and faster returns!
In This Episode We Cover:
Asset management explained and why it’s the differentiator for building wealth
Skills you MUST cultivate to effectively manage your real estate portfolio
Three things ALL rookies can do to become better asset managers)
How to evaluate a multifamily investment property (step by step)
Key differences between asset management and property management
How to create and execute a value-add strategy for any property
And **So **Much More!
Links from the Show
Ashley's BiggerPockets Profile)
Tony's BiggerPokckets Profile)
Become a BiggerPockets PRO Member and Get RentRedi for $1)
Buy the Book “The Multifamily Millionaire, Volume 1")
See Ashley and Tony at BPCON2024 in Cancun!)
(00:00) Intro
(00:53) Asset Management 101
(09:58) Essential Skills for Asset Managers
(16:27) 3 Keys to Asset Management
(20:53) How to Evaluate Multifamily
(29:08) Executing a Value-Add Strategy
(35:50) Don’t Get Comfortable!
(38:25) Connect with Ashley!
Check out more resources from this show on BiggerPockets.com) and https://www.biggerpockets.com/blog/rookie-443)
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