May 28, 2026 • 17 mins
In this episode of Uncontested Investing, we continue our conversation on one of the most underrated drivers of long-term real estate success: strong networking and relationship skills. In Part 1, we talked about trust, reciprocity, off-market opportunities, and why the best investors are usually the ones who hear about deals first. In this follow-up, we go deeper into the connection between networking and adaptability, because in a market that changes fast, the investors who stay open, stay connected, and stay flexible are usually the ones who keep winning.
We break down how investor communities expose you to new ideas, why being receptive to other people's strategies can strengthen your own portfolio, and how to build real systems to maintain relationships over time instead of only reaching out when you need something. We also talk through practical ways to strengthen these skills, from local meetups and online communities to quarterly strategy reviews, AI-assisted deal analysis, and staying open to partnerships that fill your blind spots.
If you want to become the kind of investor who adapts faster, builds better connections, and creates a more resilient portfolio over time, this episode gives you the framework.
Key Talking Points of the Episode
00:00 Introduction
01:08 How adaptability enhances professional networking
02:07 Collaborating with diverse partners to reduce risk
03:32 Tips for strengthening local networking skills
04:57 Building authentic connections and providing value
06:02 Implementing systems for relationship maintenance
07:16 Strategies for staying top of mind through micro-communications
08:06 Engaging with online investor communities effectively
09:30 Continuous education and challenging your strategy
11:11 Leveraging AI for deal analysis and rent scenarios
12:52 Periodic strategy reevaluation and internal critiquing
Quotables
"Relationships expose new ideas."
"Adaptability makes networking more productive."
"Investing in success isn't only about capital or finding the perfect deal. It's about people."
Links
RCN Capital
https://www.rcncapital.com/podcast
https://www.instagram.com/rcn_capital/
REI INK
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:11):
Welcome to part two of this week's episode of Uncontested Investing. Suzanne and I are excited to continue our conversation, where we're in the theme of an industry that allows for multiple paths to success, a lot of different character traits, personality traits anyone can win essentially in the real estate investment industry. And we're talking about strong network and relationship skills and specifically being adaptable and flexible, which is where we're going to pick off to start, pick up, to start off episode two.
(00:41):
How do they work together? And it's really talking about how the relationships expose new ideas. Being plugged into investor communications and communities allows you to see how others are adapting to the market changes. And I think perfect examples of that would be engaging with and connecting with the early adopters. So how do you how do you attract that market?
(01:01):
And you know, again it's thinking outside the box. But where can you go to connect with folks that are like minded. Yeah. And adaptability makes networking more productive. When you're open to new strategies open to a dialog. Right. You've you've had those conversations where somebody has one way of doing things and you can't change their mind. But if you're a little bit more adaptable, perceptive to new ideas, perceptive to new investment strategies, that's really where you're getting the most out of networking, and you really want to bring that adaptable and flexible mindset into these conversations, right?
(01:33):
Yes, you might experience some level of success, but the next person you talk to in the industry could open your eyes to even more success if you're open to it. And if your partner is the one that's really holding you back on some of that adaptability and change, you know, find industry events that you can go to together that maybe you have now another like minded individual that can help share, you know, your thought process.
(01:56):
It's like telling your kid to do something. They don't want to do it, but as soon as somebody else recommends it, it's a cool idea. I think some of that holds true with even the partnerships. Finding someone else that can help bridge that message. Yeah, it's collaborating with diverse partners, essentially, right. That leads to smarter decisions, that leads to a diversified portfolio, protects you against risk a little bit more.
(02:17):
When you have those diverse investment options, the more adaptable you are, the more you can apply to your investment strategy. You kind of learning on the fly and learning through success, right? Once you're open your mind to being adaptable a little bit and you know that goes right and goes your way. I think that's just kind of a chain reaction for an investor back.
(02:38):
Okay, maybe I should do this more often. Maybe I should be a little bit more perceptive to other people's ideas, because this is what it can do for me. And it kind of goes back to that conversation we were having in part one in this episode, where longevity is really one of the things that investors should be striving for, right?
If you've been in the industry for ten, 15, 20 years, you know that doesn't happen by accident. That doesn't happen with a sloppy portfolio or a rigid way of thinking. If you're if you're doing this for double digit years, you're doing something right and you're probably flexible and have a diverse, successful portfolio. Well, and look how the industry is evolved.
(03:10):
You know, we touch on that all different ways from where, you know, when the MLS was in print and not electronic to where we are today and how we're looking at and bringing in AI. You know, there's a lot of ways to help encourage your messaging through AI, script writing and data analytics. And you can use all of this to, I'll say, prove your point.
And I think there's a lot of technology available to help you get there. So let's go through some tips for investors to strengthen these skill sets. Right. We're talking about networking. We're talking about being adaptable. So let's go through some of the tips. You know we ourselves do a lot of this Suzanne. At trade shows we go to at least 5 to 10 year.
(03:46):
You probably a little bit more than me with. Right. But I think it starts locally and you can expand from there. You're going to want to attend these real estate investor meetups, the conferences and the workshops. Be a presence in your local area. Try to be the authority on real estate investing. If there's somebody that's already, you know, achieved more than you, that's a great person to network with, you know, try to show them or ask them to be your mentor.
(04:11):
That's networking. Step one. Right. Because if you're in those meetings and you're participating, the people that are a little bit more shy, the people that don't want to speak up or maybe newer to the industry, they're going to gravitate towards the experts, the people that are lending their expertise. So that's a great way to start. Networking is locally.
Well, you can even fall back on your own partnerships if you've got a couple of agents that you, you know are constantly working with, say, hey, where are you going? What are you, you know, where can I go with you to learn a little bit more about this or find out, you know, you may find there's some interesting conversion strategies for an old mill in a town or, you know, think, what can you do that's different than your basic single family, three bedroom, two bath home?
(04:48):
How can you subsidize your portfolio with a different asset class? And I think that's a good way to certainly create your own safety net at the same time. Yeah, networking locally allows you to build authentic connections a little bit easier. You have you have more in common with some of these people that you're meeting at these real estate investor meetups.
And again, it's important that you go and you provide value. Don't just ask, you know, who has any deals for me, who's who here is a real estate agent that knows of a property that's coming on the market soon. Right. To try to get it inside tracked and a deal go there with offering value, you know, tell some stories.
(05:22):
I think one of the most powerful networking tools in this industry is the successful investor that's open to share about their failures. Right. I stumbled earlier in my career because I wasn't doing this. I didn't listen to this advice. I did this fix instead of this fix. Right. So if you're able to be a little bit open, you know, people really connect with that and like, okay, they're they're very successful, but they're willing to share some of their most embarrassing moments or, you know, a time when they weren't experiencing success.
(05:51):
So I think that's a good icebreaker and allows people to kind of be open. Yeah, exactly. That's a good thing. And so, you know, you're not on this pedestal, but you're you're all done at the same level. Yep. And then once you have those relationships, you're going to want to create systems to maintain them over time. Content. You know, relationship management system systems are a big part of this quarterly check ins.
(06:13):
So I think it's part of an investor's schedule, right. You really need to be intentional when you're networking. It doesn't just happen by accident. You have to go in with a plan. You have to follow up. You have to remember important things about certain people. And that really goes a long way to continuing that relationship. And there's a lot of things you can do with that.
I mean, how many times do you get these postcards just listed, just sold things and they have a recipe on it? I just received one, which made me kind of say, oh, you know, it's spring is 23 days away. Daylight. Say, you know, you're in 24 days, you'll get an extra hour and 12 minutes of daylight and just, you know, positive messages.
(06:50):
We're all looking forward to the the other side of winter. But think of how you can engage that throughout the year and helpful tips. You know, it's time to change your smoke detector batteries. You know things that make people think outside the box. But you come as a commonality, a common friend to help them be safe, help, you know.
So, you know, maybe you sponsor the Little league team, you know, go to the there's a lot of things that you can do to connect and network outside of your, your, your daily work. That's all about staying relevant and like top of mind, right, with some of these people that you're networking with. Not every time you connect with them are you going to be making money on a real estate transaction, right.
(07:25):
It's about those micro communications that build up over time. And then once a deal comes across someone else's desk, you're the first person they think of because you've stayed in touch, because you remember the anniversary, because you sent that postcard. Right? So it's all about those little reminders that build up over time. And that's some of the strongest networking relationships.
(07:45):
Sure. And you know, we touched on some of the local real estate. National arena is a national organization, but you've got local meetups from there. And again, there's a lot of times you can communicate with the real estate brokerage. It's not just the agent and do a collective training with them. There's a lot of things that you can do to make you shine a little bit brighter, but also a partner with everybody, and you have some good advice to share with them.
(08:06):
Yeah. And then the online investor communities. Right. Nothing's going to replace that in-person communication or that, you know, that first handshake that really goes a long way. But sometimes joining those online communities, you can meet people that you're networking with as well. Share your knowledge. How many times have you been on a zoom call with a bunch of people and nobody's nobody wants to speak, right?
(08:27):
Everybody's either had a long day, they're nervous. They don't think what they have to say is going to be a meaningful contribution. So take it upon yourself. Go into those meetings with some talking points. Right. That's that's an important thing I think. Have a notepad of like, you know, who who am I talking to? Like what do you do in the industry?
And if they say that okay, let's talk about this type of deal transaction or how did your last deal go. Things along those lines, I think that can really help. It's all about being open to sharing your knowledge and attracting people to you. I think that's the best way to network. But if you're going to if you're a commit to engage in that atmosphere, you need to be present in the moment, you know?
(09:05):
So if you don't just have your face above the screen with your name and company name, again, like you said, have a notebook of some topics you want to talk about. Think of one thing that perhaps is unique to you, but beneficial to the audience that you can share, but you really want to be present. Don't just sit there and be looking away and typing your email or communicating with your colleague over there.
You're there for a purpose, and be respectful of the people that have put that event on. Yep. Moving on to tips to be a little bit more adaptable, right? This is probably the tougher one, the networking. But you really want to challenge yourself and continue to educate yourself in this industry. There's so much to learn. On top of that, the market always changes.
(09:45):
So you know, throughout the course of the year, you think you have the industry figured out. Well, think again. Because interest rates rose, inflation the economy. Right. Hopefully they hopefully they go down. But you never know right. So that's why it's important to to keep that education at the forefront. There's books podcasts market reports. Yeah. Exactly. Like like like like the one you're watching right now in here.
(10:09):
Exactly. Don't go anywhere. Not forget the books. Forget the market reports. Just, just. But in all seriousness, though, there's a lot of economics out there. Economics, industry leaders that are willing to share their knowledge and try to keep you ahead of the curve. So it's important to leave the ego at the door and realize, I don't know everything.
Someone can actually teach me this and I can be better for it. And there's economists that are in offshoots of this market too. You know, there's I know there's they've got some great economists that come from the National Association of Realtors and they give you global insight, but that is going to be relevant at some form, even though you're in a different market than than others that they're talking about.
(10:50):
Some of this will trickle down into your industry as well, and be prepared to learn and adapt from the information that they're sharing. But find some people and, you know, we all research on the internet. It is a great tool and use that to, you know, test your understanding of what's happening and do some Google searches that'll help bring you forward to the next understanding.
(11:11):
And something that I'm going to commit to this year as well, is engaging in AI more. I think there's an opportunity for you to really polish yourself of it and figure out how that you can use AI to build another layer of your foundation. Yep. And speaking of that, AI can actually help you run deal analyzes using multiple different scenarios, right?
Stay prepared for any uncertainties in the market. But really it allows you to analyze these multiple deals at once. So you can kind of choose your own path so you have a potential to secure 3 or 4 different properties. Analyze those deals, see which one is the best fit and be aggressive and go after 1 or 2. And it allows you to reduce the clutter of all these deals that maybe flooding your inbox.
(11:54):
It's easy to see you know which one makes the most sense with the help of AI, as you mentioned, and you can figure out what are your various break evens. If I raise my rent by this much, what does it do to my days on market? And find out your scale that you have this window of acceptability and that holds true to you, even to your renovations.
If I spend this much more, I can raise my rent by this much to make. If I put the granite in versus this. So the things that you can do but use AI to bounce the concept on how it's going to create a return on your investment. Yeah. And then stay open to partnerships. I think this is kind of networking and adaptability going hand in hand, but someone else's strengths can complement your gaps as a real estate professional, right.
(12:36):
So they don't have to be, you know, your coworker tomorrow. But keep keep those types of people in mind, right. You know there's going to be gaps or blind spots for you in this industry. So finding the people that can fill those in and have that answer when you need it most are really important to keep around. Absolutely.
And finally reevaluate, reevaluate your strategy, you know, quarterly and annually as the market conditions to evolve. You know what worked well for you? What was what did you do and how can you replicate that, but also what didn't? And what could you do to make that more successful? And that's when you have to look inside, which sometimes it's hard to do but find out how you can improve and figure out the ways to get there.
(13:14):
Yeah, I think it's resisting being comfortable with your way of doing business right. You should always be critiquing, you know, sometimes those deep dives through your process, you find out that you're doing everything in your power and you're doing it the right way. So so that's a really good checkpoint or a reminder, okay. Keep going down this path.
You know. But if you keep going down that eventually it might stop working or it might not be as efficient as it was when you started that process. And then you need to rework. I really recommend those quarterly check ins, as you mentioned, you know, looking internally and, you know, figuring out. Am I actually doing everything in my power to be the best investor or can I tweak something?
(13:50):
Can I add a professional? Should I be networking more? Should I be looking at different property types? All those things add up over time and allow you to be more successful. But you know, you you, we we push so hard to get the highest market rate on the rentals and and but what is that doing to your days of market and vacancy.
You know, if you shave $55 off, you know, what does it do? And you know, it's funny because I, I think sometimes having a unique number instead of 2000 505,000 rounds, that doesn't always have to be round. Well, it's one of the first property that I bought had an oddball number is it was 18 $1,888 and 88 1001 88888.
(14:30):
There we go. She got nice for only had one cup of coffee so far. But you know a lot of eights. But but but but I never forgot it, you know. And that may have been even part of the attraction. So think about even doing that with your rent. 1798 instead of 1800, you know, and things that people like, it sings them and it makes them think, what was that number is to try outside something just slightly older.
(14:54):
Your properties stick out, especially if it's an oddball, something odd but unique. Not bad, I just odd. So for some closing thoughts on episode one of this new theme about how investors how anybody can win in this industry, right? It lends itself to a lot of different personalities and personality traits. Investing success isn't only about capital or finding the perfect deal.
(15:17):
It's about people, right? It's about making those connections. It's about being open to a two way street partnership, helping other people, let being open to them, helping you. The mindset, right, the willingness to shift strategies when something's not working. How can you be light on your feet, nimble, and adapt to an ever changing market which the real estate industry provides?
(15:40):
But you have to be true in the moment also, you know, don't. The superficial nature is is very transparent. So whatever your willingness to help needs to be really intentional. Yeah. And authentic and intentional. I think it's important to remember, I think if you look in people because it creates trust. And that's really where the where your foundation for the partnership is going to be.
(16:02):
Yep, yep. And investors who are able to combine that networking strengths with adaptability, they don't just strive for success, they actually thrive in multiple different markets. They have that sustainable wealth. They have those resilient portfolios. Right. And that's all thanks to the people they know and the attitude they have. And and the more you provide, the more you'll get in return.
(16:27):
And while that may not be your ultimate goal, it can be a significant payback. So that's going to put a bow on part two of episode one. Thank you so much for joining us this week on Uncontested Investing. Stay tuned for next next week's episode. We'll see you there. See you soon. Thank you for listening to uncontested investing.
Questions about today's episode or the podcast email podcast at RCN capital, and make sure to follow Rae Inc Magazine on LinkedIn and Facebook, and RCN Capital on Instagram, LinkedIn and Facebook. See you all next time.
Welcome to part two of this week's episode of Uncontested Investing. Suzanne and I are excited to continue our conversation, where we're in the theme of an industry that allows for multiple paths to success, a lot of different character traits, personality traits anyone can win essentially in the real estate investment industry. And we're talking about strong network and relationship skills and specifically being adaptable and flexible, which is where we're going to pick off to start, pick up, to start off episode two.
(00:41):
How do they work together? And it's really talking about how the relationships expose new ideas. Being plugged into investor communications and communities allows you to see how others are adapting to the market changes. And I think perfect examples of that would be engaging with and connecting with the early adopters. So how do you how do you attract that market?
(01:01):
And you know, again it's thinking outside the box. But where can you go to connect with folks that are like minded. Yeah. And adaptability makes networking more productive. When you're open to new strategies open to a dialog. Right. You've you've had those conversations where somebody has one way of doing things and you can't change their mind. But if you're a little bit more adaptable, perceptive to new ideas, perceptive to new investment strategies, that's really where you're getting the most out of networking, and you really want to bring that adaptable and flexible mindset into these conversations, right?
(01:33):
Yes, you might experience some level of success, but the next person you talk to in the industry could open your eyes to even more success if you're open to it. And if your partner is the one that's really holding you back on some of that adaptability and change, you know, find industry events that you can go to together that maybe you have now another like minded individual that can help share, you know, your thought process.
(01:56):
It's like telling your kid to do something. They don't want to do it, but as soon as somebody else recommends it, it's a cool idea. I think some of that holds true with even the partnerships. Finding someone else that can help bridge that message. Yeah, it's collaborating with diverse partners, essentially, right. That leads to smarter decisions, that leads to a diversified portfolio, protects you against risk a little bit more.
(02:17):
When you have those diverse investment options, the more adaptable you are, the more you can apply to your investment strategy. You kind of learning on the fly and learning through success, right? Once you're open your mind to being adaptable a little bit and you know that goes right and goes your way. I think that's just kind of a chain reaction for an investor back.
(02:38):
Okay, maybe I should do this more often. Maybe I should be a little bit more perceptive to other people's ideas, because this is what it can do for me. And it kind of goes back to that conversation we were having in part one in this episode, where longevity is really one of the things that investors should be striving for, right?
If you've been in the industry for ten, 15, 20 years, you know that doesn't happen by accident. That doesn't happen with a sloppy portfolio or a rigid way of thinking. If you're if you're doing this for double digit years, you're doing something right and you're probably flexible and have a diverse, successful portfolio. Well, and look how the industry is evolved.
(03:10):
You know, we touch on that all different ways from where, you know, when the MLS was in print and not electronic to where we are today and how we're looking at and bringing in AI. You know, there's a lot of ways to help encourage your messaging through AI, script writing and data analytics. And you can use all of this to, I'll say, prove your point.
And I think there's a lot of technology available to help you get there. So let's go through some tips for investors to strengthen these skill sets. Right. We're talking about networking. We're talking about being adaptable. So let's go through some of the tips. You know we ourselves do a lot of this Suzanne. At trade shows we go to at least 5 to 10 year.
(03:46):
You probably a little bit more than me with. Right. But I think it starts locally and you can expand from there. You're going to want to attend these real estate investor meetups, the conferences and the workshops. Be a presence in your local area. Try to be the authority on real estate investing. If there's somebody that's already, you know, achieved more than you, that's a great person to network with, you know, try to show them or ask them to be your mentor.
(04:11):
That's networking. Step one. Right. Because if you're in those meetings and you're participating, the people that are a little bit more shy, the people that don't want to speak up or maybe newer to the industry, they're going to gravitate towards the experts, the people that are lending their expertise. So that's a great way to start. Networking is locally.
Well, you can even fall back on your own partnerships if you've got a couple of agents that you, you know are constantly working with, say, hey, where are you going? What are you, you know, where can I go with you to learn a little bit more about this or find out, you know, you may find there's some interesting conversion strategies for an old mill in a town or, you know, think, what can you do that's different than your basic single family, three bedroom, two bath home?
(04:48):
How can you subsidize your portfolio with a different asset class? And I think that's a good way to certainly create your own safety net at the same time. Yeah, networking locally allows you to build authentic connections a little bit easier. You have you have more in common with some of these people that you're meeting at these real estate investor meetups.
And again, it's important that you go and you provide value. Don't just ask, you know, who has any deals for me, who's who here is a real estate agent that knows of a property that's coming on the market soon. Right. To try to get it inside tracked and a deal go there with offering value, you know, tell some stories.
(05:22):
I think one of the most powerful networking tools in this industry is the successful investor that's open to share about their failures. Right. I stumbled earlier in my career because I wasn't doing this. I didn't listen to this advice. I did this fix instead of this fix. Right. So if you're able to be a little bit open, you know, people really connect with that and like, okay, they're they're very successful, but they're willing to share some of their most embarrassing moments or, you know, a time when they weren't experiencing success.
(05:51):
So I think that's a good icebreaker and allows people to kind of be open. Yeah, exactly. That's a good thing. And so, you know, you're not on this pedestal, but you're you're all done at the same level. Yep. And then once you have those relationships, you're going to want to create systems to maintain them over time. Content. You know, relationship management system systems are a big part of this quarterly check ins.
(06:13):
So I think it's part of an investor's schedule, right. You really need to be intentional when you're networking. It doesn't just happen by accident. You have to go in with a plan. You have to follow up. You have to remember important things about certain people. And that really goes a long way to continuing that relationship. And there's a lot of things you can do with that.
I mean, how many times do you get these postcards just listed, just sold things and they have a recipe on it? I just received one, which made me kind of say, oh, you know, it's spring is 23 days away. Daylight. Say, you know, you're in 24 days, you'll get an extra hour and 12 minutes of daylight and just, you know, positive messages.
(06:50):
We're all looking forward to the the other side of winter. But think of how you can engage that throughout the year and helpful tips. You know, it's time to change your smoke detector batteries. You know things that make people think outside the box. But you come as a commonality, a common friend to help them be safe, help, you know.
So, you know, maybe you sponsor the Little league team, you know, go to the there's a lot of things that you can do to connect and network outside of your, your, your daily work. That's all about staying relevant and like top of mind, right, with some of these people that you're networking with. Not every time you connect with them are you going to be making money on a real estate transaction, right.
(07:25):
It's about those micro communications that build up over time. And then once a deal comes across someone else's desk, you're the first person they think of because you've stayed in touch, because you remember the anniversary, because you sent that postcard. Right? So it's all about those little reminders that build up over time. And that's some of the strongest networking relationships.
(07:45):
Sure. And you know, we touched on some of the local real estate. National arena is a national organization, but you've got local meetups from there. And again, there's a lot of times you can communicate with the real estate brokerage. It's not just the agent and do a collective training with them. There's a lot of things that you can do to make you shine a little bit brighter, but also a partner with everybody, and you have some good advice to share with them.
(08:06):
Yeah. And then the online investor communities. Right. Nothing's going to replace that in-person communication or that, you know, that first handshake that really goes a long way. But sometimes joining those online communities, you can meet people that you're networking with as well. Share your knowledge. How many times have you been on a zoom call with a bunch of people and nobody's nobody wants to speak, right?
(08:27):
Everybody's either had a long day, they're nervous. They don't think what they have to say is going to be a meaningful contribution. So take it upon yourself. Go into those meetings with some talking points. Right. That's that's an important thing I think. Have a notepad of like, you know, who who am I talking to? Like what do you do in the industry?
And if they say that okay, let's talk about this type of deal transaction or how did your last deal go. Things along those lines, I think that can really help. It's all about being open to sharing your knowledge and attracting people to you. I think that's the best way to network. But if you're going to if you're a commit to engage in that atmosphere, you need to be present in the moment, you know?
(09:05):
So if you don't just have your face above the screen with your name and company name, again, like you said, have a notebook of some topics you want to talk about. Think of one thing that perhaps is unique to you, but beneficial to the audience that you can share, but you really want to be present. Don't just sit there and be looking away and typing your email or communicating with your colleague over there.
You're there for a purpose, and be respectful of the people that have put that event on. Yep. Moving on to tips to be a little bit more adaptable, right? This is probably the tougher one, the networking. But you really want to challenge yourself and continue to educate yourself in this industry. There's so much to learn. On top of that, the market always changes.
(09:45):
So you know, throughout the course of the year, you think you have the industry figured out. Well, think again. Because interest rates rose, inflation the economy. Right. Hopefully they hopefully they go down. But you never know right. So that's why it's important to to keep that education at the forefront. There's books podcasts market reports. Yeah. Exactly. Like like like like the one you're watching right now in here.
(10:09):
Exactly. Don't go anywhere. Not forget the books. Forget the market reports. Just, just. But in all seriousness, though, there's a lot of economics out there. Economics, industry leaders that are willing to share their knowledge and try to keep you ahead of the curve. So it's important to leave the ego at the door and realize, I don't know everything.
Someone can actually teach me this and I can be better for it. And there's economists that are in offshoots of this market too. You know, there's I know there's they've got some great economists that come from the National Association of Realtors and they give you global insight, but that is going to be relevant at some form, even though you're in a different market than than others that they're talking about.
(10:50):
Some of this will trickle down into your industry as well, and be prepared to learn and adapt from the information that they're sharing. But find some people and, you know, we all research on the internet. It is a great tool and use that to, you know, test your understanding of what's happening and do some Google searches that'll help bring you forward to the next understanding.
(11:11):
And something that I'm going to commit to this year as well, is engaging in AI more. I think there's an opportunity for you to really polish yourself of it and figure out how that you can use AI to build another layer of your foundation. Yep. And speaking of that, AI can actually help you run deal analyzes using multiple different scenarios, right?
Stay prepared for any uncertainties in the market. But really it allows you to analyze these multiple deals at once. So you can kind of choose your own path so you have a potential to secure 3 or 4 different properties. Analyze those deals, see which one is the best fit and be aggressive and go after 1 or 2. And it allows you to reduce the clutter of all these deals that maybe flooding your inbox.
(11:54):
It's easy to see you know which one makes the most sense with the help of AI, as you mentioned, and you can figure out what are your various break evens. If I raise my rent by this much, what does it do to my days on market? And find out your scale that you have this window of acceptability and that holds true to you, even to your renovations.
If I spend this much more, I can raise my rent by this much to make. If I put the granite in versus this. So the things that you can do but use AI to bounce the concept on how it's going to create a return on your investment. Yeah. And then stay open to partnerships. I think this is kind of networking and adaptability going hand in hand, but someone else's strengths can complement your gaps as a real estate professional, right.
(12:36):
So they don't have to be, you know, your coworker tomorrow. But keep keep those types of people in mind, right. You know there's going to be gaps or blind spots for you in this industry. So finding the people that can fill those in and have that answer when you need it most are really important to keep around. Absolutely.
And finally reevaluate, reevaluate your strategy, you know, quarterly and annually as the market conditions to evolve. You know what worked well for you? What was what did you do and how can you replicate that, but also what didn't? And what could you do to make that more successful? And that's when you have to look inside, which sometimes it's hard to do but find out how you can improve and figure out the ways to get there.
(13:14):
Yeah, I think it's resisting being comfortable with your way of doing business right. You should always be critiquing, you know, sometimes those deep dives through your process, you find out that you're doing everything in your power and you're doing it the right way. So so that's a really good checkpoint or a reminder, okay. Keep going down this path.
You know. But if you keep going down that eventually it might stop working or it might not be as efficient as it was when you started that process. And then you need to rework. I really recommend those quarterly check ins, as you mentioned, you know, looking internally and, you know, figuring out. Am I actually doing everything in my power to be the best investor or can I tweak something?
(13:50):
Can I add a professional? Should I be networking more? Should I be looking at different property types? All those things add up over time and allow you to be more successful. But you know, you you, we we push so hard to get the highest market rate on the rentals and and but what is that doing to your days of market and vacancy.
You know, if you shave $55 off, you know, what does it do? And you know, it's funny because I, I think sometimes having a unique number instead of 2000 505,000 rounds, that doesn't always have to be round. Well, it's one of the first property that I bought had an oddball number is it was 18 $1,888 and 88 1001 88888.
(14:30):
There we go. She got nice for only had one cup of coffee so far. But you know a lot of eights. But but but but I never forgot it, you know. And that may have been even part of the attraction. So think about even doing that with your rent. 1798 instead of 1800, you know, and things that people like, it sings them and it makes them think, what was that number is to try outside something just slightly older.
(14:54):
Your properties stick out, especially if it's an oddball, something odd but unique. Not bad, I just odd. So for some closing thoughts on episode one of this new theme about how investors how anybody can win in this industry, right? It lends itself to a lot of different personalities and personality traits. Investing success isn't only about capital or finding the perfect deal.
(15:17):
It's about people, right? It's about making those connections. It's about being open to a two way street partnership, helping other people, let being open to them, helping you. The mindset, right, the willingness to shift strategies when something's not working. How can you be light on your feet, nimble, and adapt to an ever changing market which the real estate industry provides?
(15:40):
But you have to be true in the moment also, you know, don't. The superficial nature is is very transparent. So whatever your willingness to help needs to be really intentional. Yeah. And authentic and intentional. I think it's important to remember, I think if you look in people because it creates trust. And that's really where the where your foundation for the partnership is going to be.
(16:02):
Yep, yep. And investors who are able to combine that networking strengths with adaptability, they don't just strive for success, they actually thrive in multiple different markets. They have that sustainable wealth. They have those resilient portfolios. Right. And that's all thanks to the people they know and the attitude they have. And and the more you provide, the more you'll get in return.
(16:27):
And while that may not be your ultimate goal, it can be a significant payback. So that's going to put a bow on part two of episode one. Thank you so much for joining us this week on Uncontested Investing. Stay tuned for next next week's episode. We'll see you there. See you soon. Thank you for listening to uncontested investing.
Questions about today's episode or the podcast email podcast at RCN capital, and make sure to follow Rae Inc Magazine on LinkedIn and Facebook, and RCN Capital on Instagram, LinkedIn and Facebook. See you all next time.
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