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Episode 64 – Real Estate Success Podcast
Enjoy this week’s Real Estate Success Podcast, with special guest, Duke Dodson, as we discuss how to grow your real estate business. Duke has success grown his property management business to thousands of rentals. In this episode we discuss how he started and how he grew it so fast!
“Our big goal is to positively impact 500,000 people” – Duke Dodson
Millennials and Real Estate Discussion points:
- Launched business with his first business and started with hyper-focused networking
- When the market crashed he focused his niche on “reluctant landlords” who could not sell because they were upside down.
- The book the e-myth helped them realize growth would come from systems
- Property in-take
- Leasing
- Maintenance
- Inspections
- Renewals
- Move outs
- Starting with just one unit in 2007 they added about 100 units per year
- Adding a business development leadership position allowed growth initiatives to add thousands of rental units
“Start with big goals. Educate yourself, work on them, improve yourself by taking the path of many small steps towards your big goal” – Duke Dodson
References:
www.dodsonpropertymanagement.com
About our guest: Duke Dodson
President, MBA, CPM, ARM, RMP, MPM
After receiving a Business/Econ degree from Randolph-Macon and an MBA from VCU, Duke started investing in rental properties in 2005 and founded Dodson Property Management in 2007. He has developed, leased and managed single family homes, multi-family properties, office and retail. For the past few years, he has focused on mixed-use historic tax credit rehabs in the Midtown and Scotts Addition neighborhoods. He is the past President of the Richmond Chapter and the Virginia State Chapter of NARPM and still serves on both boards. He served on the board of IREM Chapter 38 for four years and is an active member in ULI. He also currently serves on the boards of the Better Housing Coalition, and the Board of Associates at Randolph-Macon College. Duke and his team love to work with investors who are looking to grow, downsize or optimize their rental portfolios. Duke lives in Western Henrico County with his wife Jess and their two boys, Tripp and Tucker.
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