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    How to Build A Team of Leaders in Your Organization with Matt Oviatt

    enApril 26, 2021
    What was the main topic of the podcast episode?
    Summarise the key points discussed in the episode?
    Were there any notable quotes or insights from the speakers?
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    About this Episode

    How to Build a Team with Matt Oviatt

    2020 was one of the most trying years for most businesses due to the Covid-19 pandemic. Many businesses cut on great talents since they had to reduce expenses, and salaries were the best place to start. According to Matt Oviatt, cutting on talents is the worst mistake any business can make. Matt had an eye-welling moment in that season when some of his employees were ready to work for him without pay, and others were ready to wait until he was comfortable enough to pay them. Matt will be sharing his wisdom and knowledge on how to build a team.

    Matt Oviatt is a fellow CEO. He is a high-powered real estate executive. Matt has built a fantastic team around him, and his company has a peerless company culture. Matt and I will have an in-depth conversation around building a team.

    Listen in and learn

    Key Talking Points of the Episode:

    [02:17] Matt's backstory and how he got into real estate

    [04:29] How Matt's business made it through the 2008 GFC

    [06:28] How to build a team

    [10:12] What inspired Matt to see real estate as a vehicle to wealth creation?

    [16:44] Matt's decision to hire a COO

     [24:11] Culture and team building

    [29:32] Matt's evolution as a leader and who has inspired the change?

    [39:48] Matt's take on working remotely

    [41:13] Matt's business role model and how he continues to grow personally and professionally

    [47:49] Real estate as a retirement vehicle

    Quotables:

    "The people that want to exit a business and just live on cash flow do not enjoy what they do."

    "If you want to make sure that your people are accountable, and your marketing channels are accountable, and each part of your business is accountable, then you've got to know your numbers."

    "When you take care of people for the value that they bring, when you willingly increase their compensation without making them come in to ask for it. That goes a long way for the people too.

    “The true mark of a good leader is someone that has figured out how to replace themselves."

    "When you hire talent and pay them well, you see the benefits*10 through your business."

    "A tremendous amount of value comes from seeing people face to face, looking them in the eyes, interacting and joking around. Having those relationships and developing them is something that you just can't do remotely."

    "Life's about people, and having good relationships."

    "Delayed gratification is a sign of maturity. I think real estate is the classic mature investing strategy."

    Resources and Links Mentioned:

    Books:

    Turn the Ship Around-L. David Marquet

    E-myth- Michael E. Gerbe

     

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    What Makes the Current Real Estate Market Different from the 2008 Recession with Jimmy Vreeland

    What Makes the Current Real Estate Market Different from the 2008 Recession with Jimmy Vreeland

    Every quarter, my good friend Jimmy Vreeland and I sit down and talk about our experience in Collective Genius, a mastermind we are both a part of. In this episode, Jimmy and I are going to discuss what we learned from the presentations in the event, our biggest takeaways, and how we’re preparing our businesses for what’s coming.

     

    Listen now to learn what happened during the last Collective Genius event and the golden nuggets we’ve picked up while we were there!

     

    Key Talking Points of the Episode

     

    00:00 Introduction

    01:43 How does Collective Genius help us give back?

    03:26 What are our biggest takeaways from the event?

    06:53 What makes this recession different from 2008?

    08:46 Where do we stand on inflation rates today?

    12:44 How is inflation crushing the middle class?

    14:38 How can real estate investing set you up for the future?

    17:34 What is the greatest threat to every investor’s portfolio?

    21:31 What does real estate value appreciation look like today?

    23:32 Why should people take advantage of Fannie Mae loans?

    26:42 What is happening in the new construction market today?

    31:16 What are we experiencing in the turnkey market today?

     

    Quotables

     

    “The government hasn’t curbed their spending, they’re not doing to make energy more accessible, so that’s gonna stay expensive.”

     

    “Kiyosaki went on Oprah in 1990, everybody knows about this! They just don’t get involved, they don’t get started.”

     

    “Strategic and systematically buy assets so that when there is the next disaster and the fed does blast lower rates, then you refi everything out.”

     

    “Like I’d always say, real estate doubles in value every 20-30 years, I think I’m gonna stop saying 30 because consistently, we are seeing real estate double in value every 20 years.”

     

    “If you’re gonna buy and hold these assets forever, for long-term, then the smartest thing you can do is lock in a 30-year fixed to get these things paid off.”

     

    “Most home builders have not been aggressively scaling and growing based on what they fear could be a downturn.”

     

    “Quite frankly, I think that inventory is still so shallow, especially in the big cities that are experiencing massive population growth.”

     

    Links

     

    Book: Principles for Dealing with the Changing World Order

    https://www.amazon.com/changing-world-order-nations-succeed-ebook/dp/b0881y73yg

     

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