509 | Property Investing 2.0: Why Property Investors Must Think Like Small Business Owners

The first property investor narrative was about “mom and pop” investors: middle-income earners with one investment property who passively manage it in the background.  

In today’s episode, we’re introducing the Property Investor 2.0 narrative…  

Small Business Owners.   

There are seven critical reasons; can you guess them?  

1. Managing A___ like a Business  
2. Income G_____  
3. Strategic P_____  
4. R___ Management & C____ Planning  
5. Understanding & Managing L____  
6. Customer R____ Management  
7. Marketing & B_____  

Discover why shifting this perception is so important and what we stand to gain by doing so. Listen now, folks!  

P.S. We also discuss the most important characteristic that predicts success and in “What’s Making Property News”, Ben uncovers the green shoots in the market.  

 

Free Stuff Mentioned…

• Moorr Webinar Replay: How are you currently managing your portfolio?
  This replay is a game-changer for all property investors! Discover a new way to manage your portfolio driven by data >>  

• We’re looking for talented folks to join our team!
  MoneySMARTS 2.0 is launching in October, and we’re looking for a Security Operations Manager. We’re also recruiting for roles in Marketing, Customer Service, and more! Interested? View current openings here >>  

• Resources from Ben’s “What’s Making Property News”:  
  • NSW taxpayer denied stamp duty exemption for transfer from SMSF to member – SMSF Adviser 
  • New home sales rise 11 per cent year-on-year, driven by Queensland and South Australia – Property Buzz 

 

Timestamps

• 0:00 – Property Investing 2.0: Why Property Investors Must Think Like Small Business Owners 
• 2:31 – Moorr Webinar Replay: A data-driven way to manage your portfolio
• 7:51 – Mindset Minute: What is the #1 character quality that predicts success? 
• 10:30 – Property Investing 1.0: Why is the “mom and pop” investor narrative now obsolete?  
• 12:30 – “It’s coming from a place of ‘doing good’.”  
• 14:06 – Why property investors are small business owners 
• 18:45 – Rules of the Game: From guilt shaming to performing social good 
• 24:47 – 1. Managing A___ like a Business  
• 25:56 – 2. Income G_____  
• 28:19 – 3. Strategic P_____  
• 31:25 – 4. R___ Management & C____ Planning  
• 33:44 – 5. Understanding & Managing L____  
• 36:33 – 6. Customer R____ Management  
• 42:48 – 7. Marketing & B_____ 
• 45:40 – “At the end of the day, politicians want two things…”  
• 48:49 – Why does the perception need to shift from part of the problem to part of the solution? 
• 50:03 – How does it impact policy?  
• 52:41 – Socialism vs. Capitalism: Growing the economic pie  
• 55:33 – How do entrepreneurial mindsets bring economic benefits? 
• 58:35 – The 4 ways we ALL win  

And… 

• 1:05:40 – Lifehack: Use a fork…to hang your prints?!  
• 1:06:53 – WMPN: Home Sales Rising: Which states drive the economic flywheel?