69: Putting Rentals on Autopilot While Living in the Dominican Republic with Becky Nova | Bigger Pockets Podcast
Becky Nova didn’t have a linear path to real estate like many others. She’s had times in her life when she was poor and times in her life when she was rich. Becky knew that she didn’t want to go back to those poorer times in her life, so when she was about to marry her husband, she was pushed to get herself out of debt and into a much more stable position. She worked a consulting gig, got herself debt-free, and decided she wanted to start house hacking!
Now, Becky is off in the Dominican Republic, running her entire portfolio of 10 houses completely remote. Even more impressive, Becky used traditional financing for those rental properties! So how does she manage properties all the way in upstate New York while she’s thousands of miles away on the beach?
Well-tailored systems and procedures is what Becky relies on. She refers to her phone as one of the best tools for real estate, since she can call her agent, her tenant, or her contractor whenever she needs something. Becky proves that you can run a rental portfolio long distance, and do it successfully to boot!
This did take Becky some time, though. She designed the life she wanted and made her rental properties fit around that life, which is sometimes the opposite of what us busy real estate professionals do. Now, she can relax and enjoy her time travelling because she put the systems in place to automate her business!
In This Episode We Cover
Understanding what you really want and making your business fit your ideal life
Getting off the “paycheck to paycheck” hamster wheel
How Becky got 10 units in just over 2 years
Joining local networking groups and your chamber of commerce to find deals
How to find the best plumbers, contractors, electricians, and more through referrals
Having systems in place so your business can run itself
And So Much More!
Links from the Show
Brandon Turner
Zillow
Real Estate Rookie Facebook Group
Dave Ramsey
DealCheck
Rentometer
Realtor.com
BiggerPockets Calculators
BiggerPockets Insights
Rookie Podcast 10: 2 Long-Distance Rentals with $0 Down with Tony Robinson
Lady Landlord's Financial Cheat Sheet
Check the full show notes here: link
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