New BiggerPockets: The Investor's Mini-Guide to Scaling Up to a Real Estate Empire

There is a lot (and I mean A LOT) of stuff out there about how to begin in real estate investing. That being said, there isn't much when it comes to scaling a real estate business. In other words, there is a lot on how to get from A to B. But there is very little on how to get from B to C and beyond.

My most recent article at BiggerPockets gives a brief guide to this. Much of it is based on Scaling Up by Verne Harnish which I have synthesized (or at least tried to) with the real estate investment business. Of course, the biggest thing is probably delgation,

As your business grows, you will want to offload the less important tasks or the tasks you aren’t particularly good at to others. But there is such a thing as hiring too soon when you can’t afford it or hiring someone for a position that is too vague or messy to be useful. So I recommend two things to figure out what exactly it is that you should and should not be doing.

1. Keep a running tab of everything you do for a week or two. Break it down by the hour or half hour and keep track of it as you go about your day. Then at the end of the week, look back and evaluate which tasks were essential and needed to be done by you (at least for now) and which can be offloaded.
2. Brainstorm. Make a list of everything you do in your business. Which items are the most important? Which are you good at? What could you offload to a subordinate? What do you need to offload because you’re no good at it? Once you’ve come up with a list, break each thing out into these various categories.

Check it out.