Good Life Property Management

Steve Welty
  • 4.9 (21)
  • Entrepreneurship

This podcast shares information and ideas on how to build a thriving property management business. A Good Life to me is a life with ever increasing freedom, money, and impact. I love property management because you can maximize all 3 areas. This is a show for property management entrepreneurs who want build great businesses and lives.

  1. 05/22/2020

    Where have I been?

    I have not recorded an episode of the Good Life Property Management podcast in many months. I started a new podcast called Daily Stoke for Entrepreneurs. Please join me on my new show! https://podcasts.apple.com/us/podcast/daily-stoke-for-entrepreneurs/id1512474580?ign-mpt=uo%3D4 Find it on iTunes, Spotify, or whoever you listen. Search "Steve Welty" and it should come up.

    3 min

  2. 11/18/2019

    Opt Out of Life with Nate Broughton

    Welcome to the Good Life Property Management podcast! I'm your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I'm here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty's Music! In this episode, I talk to Nathaniel Broughton. He specialized in online marketing and private investments in the Southern California region. He is married to Kristi, and they live in San Diego, CA, with our two sons. Nate enjoys the work hard play hard lifestyle, and in between his trips to the beach, you'll find the family globetrotting during their downtime. Nate and I chat about his involvement with large businesses in the 7, 8 and 9 figure range and two of his own service and commission-driven businesses. Nate "fell into an entrepreneurial company which offered him a job" in San Diego when he was 18 in 2001. He worked to grow the business until four years later when they sold the business. Nate considers this experience his "trial by fire in college" and how he learned online marketing and generating sales online. I dig into how Nate stayed in his career and his "why" for working in the online sales industry and how Nate embraced the "opt out" Life. Having the freedom of time and place was the heyday in Nate's mind. He was around in the golden era of online income, no matter where you are in the world. Nate decided to stay in San Diego as this is a hotbed of opportunity for making money online. When he planted his flag, he decided to start a business connection group, hosting dinner for the first SoCal.ly group. He hosted the dinner every quarter to invite his connections to the network. He currently has 400 business owners to come to his event. Opt Out Life, a movement started by Nate, resonates with many people. Nate tells stories of his tribe who has followed this trend and how they make Opt-Out Life work in their lifestyle. Income, Life, and time are three essential aspects of Opt Out Life. There are often bold decisions along the path created by those in Opt Out Life. Have the courage and curiosity to find a different way of Life. Nate talks about mindset shifts and experiences in his personal and professional career, which has given him growth. One of his current priorities is to be present for his children, walking them to school and being at their games and activities. He and his wife enjoy extensively traveling with their kids regularly. Nate gives us advice on how to choose the right business partner, how he's never found one career path he's fallen in love with yet, and his experience with keyword research and SEO for his clients. Please share this episode with a friend and leave a review of Good Life Property Management!   In This Episode: [01:37] - Nate talks about his part in many different businesses. [02:10] - Nate gives details about the many types of businesses he has worked with through the past few years and how he became an entrepreneur. [03:48] - He explains how he fell into this position and why Nate stayed in this career. [04:51] - How Nate worked his way into the "opt out" life. [06:49] - Nate created the SoCal.ly business group for business entrepreneurs. [11:30] - Opt Out Life: a trend started by Nate for the type of lifestyle he lives. [13:56] - The Opt Out Life is a way to have your cake and eat it too lifestyle! [17:30] - What experiences Nate has encountered which led him to grow personally and professionally. [21:11] - How Nate approaches real estate investments. [24:40] - Why Nate has a variety of business experiences at 36. [25:15] - Advice from Nate on how to choose a good business partner. [28:47] - Nate's key superpowers which have served him well in business. [31:22] - Opportunities to compete and rank for keywords on Google. [36:09] - How to write articles with keywords which rank with Google. [39:27] - Nate's advice on backlinking in your articles.   Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind The One Thing by Gary Keller Nathaniel Broughton Nathaniel Broughton on Twitter Nathaniel Broughton on LinkedIn The Story of Opt Out Life Hustle and Flow Chart Podcast

    48 min

  3. 11/05/2019

    The One Thing

    Welcome to the Good Life Property Management podcast! I'm your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I'm here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty's Music! In this episode, I chat about our mastermind, Tribe Denver, and takeaways from our tribe gathering. In addition to our mastermind, I visited HPF High Performance Forum from Darren Hardy. Give 10%, spend 10% on yourself, and invest 10% of your income on yourself. I decided to attend the HPF as part of investing 10% in myself. I talk about my experience with my strategic coach. One important lesson I've learned is that we are all good at different things. My superpower is being able to come up with a bunch of ideas. Gaining new capabilities is better than earning cash, which is one of the reasons I'm investing in myself to learn more and gain more capabilities. To make more money, you have to work less - you have to do fewer things. Constantly being busy leaves you no time to transform, to go deeper with empathy, or to be more patient. Be a business with a mission, not a mission with a business. I dig into how I've paired down my books to only 25 books, as I'm keeping only the books that have had a significant impact on my life. I revisited my "one thing" after rereading The One Thing again and realized there are multiple "one things." Even though they don't directly impact my business, they affect you, which impacts your business. I've focused on my state of being, and recently read "Top five regrets of the Dying" study, and four of the five regrets, as I interpret them, are about honoring your true self.  There are three categories to have your "one thing." My spiritual one thing is to meditate. Physical one thing is to strength train daily. A mental game for me is focusing on learning instead of watching TV on the weekend. Marriage with words of affirmation to my wife everyday. Please share this episode with a friend and leave a review of Good Life Property Management!   In This Episode: [01:20] - Takeaways from the Tribe Denver mastermind. [03:10] - My experience with High Performance Forum. [04:25] - What has been happening on my personal front. [06:04] - Gaining new capabilities is better than gaining cash.  [07:13] - I breakdown one of my favorite mantras, "To make more money, you have to work less." [08:36] - Why I was resistant to rereading The One Thing [10:33] - What's the domino you can knock over that will knock over the other dominoes? [13:09] - Charles Krackower's dying letter "I live the life I intended". [16:06] - How I cultivate my team of "A Players" at Good Life. [17:48] - The team at Keller William's and how they chose their "one thing". [18:59] - Reflective questions I encourage you to consider!   Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind The One Thing by Gary Keller

    21 min

  4. 08/22/2019

    A new playbook for today's best leaders: A Conversation with Wine to Water CEO David Cuthbert

    Welcome to the Good Life Property Management podcast! I'm your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I'm here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty's Music! On this episode, I chat with David Cuthbert, who was introduced to me through a childhood friend. We talk about how a person's energy can shift your perspective. Leading teams is our big concept I talk about with David today. What are the elements which keep a person from becoming a leader? David chats about his formal education with leadership classes and his personal experience with leadership throughout years of his career. We talk about the differences in leadership over time, cultural sensitivity, and globalism in relationship to changing the leadership role. What are the types of conversations you need to have to become a good leader? David discusses how success, technology, and culture hold equal weight in a company when it comes to leadership prosperity. Fostering the health of your team environment and culture is essential to build your company upon. David and I dig into the ingredients which create a recipe for successful leadership. Which fundamental components can you not shortcut in leadership? David speaks about the five ways you can build trust as a leader. Dale Carnegie's How To Win Friends and Influence People dives deep into leadership and how to influence people to work, including appreciating others for their work. Team of Teams by Stanley McChrystal is another team book which David highly recommends, along with Extreme Ownership by Jocko Willink. The Boys in the Boat is another favorite read of David's, and this book is written around the concept of "swing" in the rowing community. Please share this episode with a friend and leave a review of Good Life Property Management! In This Episode: [00:58] - Background on our mutual friend Eric, including the time when I had a homeless man take my keys! [04:48] - What are the elements which prevent us from being able to lead a team? [07:25] - David talks about his experience with learning about leadership and how leadership is a very dynamic field. [10:40] - Providing an environment for a successful leadership. [12:02] - David speaks about the execution of the mission and why we shouldn't be solely focused on the mission. [15:08] - How David replicated team comradery from his military experience in his technology career. [18:33] - What David does to bring team members who need leadership coaching up-to-speed. [23:52] - Formulas for success are great, however, trust cannot be hacked! Five ways a leader can build trust with their team. [29:26] - Situational awareness and leadership flexibility at different levels of your business. [31:49] - Contributing to "swing": moving forward together as a team. [36:12] - Being a part of the global conversation and how you can influence people. [41:58] -.Our partnership with Wine to Water and how this got my team motivated. [42:50] - How Wine to Water was started, what is the organization's mission and what Wine to Water is doing to improve the world's clean water for people around the world. Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind Wine to Water Organization Wine to Water LinkedIn David Cuthbert LinkedIn How to Win Friends and Influence People by Dale Carnegie Team of Teams by Stanley McChrystal Extreme Ownership by Jocko Willink and Leif Babbin The Boys in the Boat by Daniel Brown

    49 min

  5. 08/22/2019

    From the darkness to the light: A Talk with Rob Coldwell

    Welcome to the Good Life Property Management podcast! I'm your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I'm here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty's Music! On this episode, I want to talk about purchasing commercial space. Rob and I sit down and discuss how you can buy retail space in an opportunity zone. These are areas which have been designated by the federal government which is ripe for redevelopment. Rob recently purchased a commercial property, and while he was researching real estate to purchase, he discovered the opportunity zone.  Rob lucked out as the building he bought was in an opportunity zone. With his building, he doesn't pay tax on the appreciation if he owns the building for 10 years. These properties fall under the 1031 Tax Exchange. We talk about how Rob is using economic occupancy toward a specific goal. One item which isn't covered by economic occupancy is maintenance costs. Rob always invests with partners, not necessarily with a long-term plan. Finding the deal flow matters. Rob and I discuss how he breaks down his share in the company and what is his company worth long-term.   Who is the person who is the escalation point in your company? Your team must have a vested interest in your business. Rob says he likes the "bricks and sticks" of business. He also subscribes to "Vision through purposeful action" which encompasses a challenge which Rob chats about on this episode. We dig into the mind, how our mind and the voices in our mind can create havoc for us. Rob and I talk about making peace with the thoughts in our mind and how we can apply the process of acceptance to many of the troubling thoughts in our head. Rob is a fan of Michael Singer and his book Untethered. We discuss how to reframe the thoughts in your head to create more peace for yourself. Please share this episode with a friend and leave a review of Good Life Property Management! In This Episode: [01:34] - Rob talks about buying an office in the opportunity zone in Philadelphia. [03:10] - What is lighting up Rob in his business right now and economic occupancy. [04:48] - We discuss different stages of business such as growth, impact and legacy. [07:02] - How Rob approaches investments and his criteria for choosing an investment property. [09:08] - Rob's current partnership model and his investment breakdown for the new real estate. [12:07] - I'm working on a plan to get fractional ownership to replace my 401K retirement plan. [13:01] - Rob's big A-HA moment when it comes to assistant property managers. [16:00] - Rob's team retreats - what works and what doesn't work on his retreats. [18:18] - A few of Rob's biggest passions he is working on right now. [21:19] - Developing a mind strategy in order to have a mindset shift. [22:36] - Rob and I get real together about the mind and how the critical mind can be dangerous. [24:37] - The importance of having a causal relationship with the thoughts in your head and why your inner child is important. [28:50] - Peace of mind and why we shouldn't make the voice in your mind the problem. [31:28] - We discuss the teachings of the book Untethered by Michael Singer [33:33] - Making decisions which are simpler. [34:14] - I bring up the concept of self-love, coming from a place of worthiness and how these add to creating simplicity. [36:13] - Heart prayer and basic principles which have helped Rob and the concept of the imperturbable. [43:22] - The story about Rob's family friend Raymond and Rob's daughter with Down Syndrome, his view on religion and spirituality. Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind Robert Singer Untethered by Michael Singer

    54 min

  6. 08/12/2019

    Our Philosophies

    Welcome to the Good Life Property Management podcast! I'm your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I'm here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty's Music! On this episode, I want to talk about cultural philosophies and why that matters and why we must get clear on what we believe. What is your mission? What are your beliefs? You need to know your mission and beliefs to bring team members into your business who are a good fit for your team. I talk more about Simon's book this episode and about building your team by having a common cause. Find out how our team put our five core values together. Details matter and your business is a reflection of who you are to people. Take on extreme ownership in your industry. Be an example to your team, and do what you want them to exemplify. From emails to the organization of your desk, what are the core values of your organization?  As a team, getting better every day. Make a one percent improvement daily for life to get better. What does this mean for your organization? You may need not to take on specific clients or properties because they aren't a good experience for your team. Taking on this work won't give us the ability to serve others.  Time. You are the owner of your time. You create time for important things. Thirty to sixty minutes of focus time per day will make your life take off! Please share this episode with a friend and leave a review of Good Life Property Management!   In This Episode: [00:38] - Welcome back to the show! Steve chats about why it's important to be clear on what we believe. [01:04] - Find your beliefs and mission to build your company. [01:50] - Simon Sinek - Start With Why says when you and your client's belief's line up, your a good match [02:50] - How our team put our five core values together. [05:08] - We started with twenty values and decided on seven values which were most important to our team. [08:14] - What we do to improve lives, with our number two value for our team. [10:13] - Number 3, unique ability teamwork. [11:40] - Number 4, Extreme Ownership by Jacko Willink [13:06] - Number 5 is focus time! Quite focus time everyday on your highest valued activity. [15:19] - Number 7 is about entrepreneurial team to give everyone the mindset they are running their department. Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind Start With Why by Simon Sinek Your Team Success Extreme Ownership by Jacko Willink

    18 min

  7. 07/15/2019

    The Secret Weapon in Business: WHY

    Welcome to the Good Life Property Management podcast! I'm your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I'm here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Also, please check out Steve Welty's Music! On this episode, I want to talk about your "why." Wait! Before you simply turn off the episode or quit reading, hear me out. I've read it before, but the other day I was going through my Audible account and saw Start With Why by Simon Sinek, and after listening to the first couple of hours, I was inspired.  In the book, Simon talks about how people don't buy what you do, they buy why you do it. This struck home for me as I reflected on the different shapes my business has taken over the years. Throughout this episode, I chat about my "why's" and the "why's" of the people I work with and how they've impacted my business. I also tell a couple of stories about different organizations I've been involved with and how their why's have touched my life. Knowing your "why" is what allows you to build deep relationships with your clients. Think about that for a moment. What are you selling to your clients? Are you selling them features? Because selling features is the wrong approach to building a lasting business. Building and nurturing relationships are the ways to create a strong and meaningful foundation and you why is the basis of that relationship. There aren't a lot of places for property managers and property management companies to come together and discuss their why's for being in business. This is why I wanted to bring this topic to you today. What is your "why?" What keeps you in business? Listen in to learn more about mine! Also, learn a couple of my pet peeves in business and how keeping your word, keeps you on my good side! In This Episode: [00:15] - Welcome back to the show! Steve chats about coming from a refreshing meeting with his strategic support partner Rita. [02:56] - Learn one of the secret weapons in business: the Why! [04:20] - People don't buy what you do, they buy why you do it. Simon Sinek - Start With Why [06:16] - However it looks put what lights you up at the forefront of your business.  [07:23] - How the "why" has altered Steve's business over time. [09:44] - Learn how those who thrive differ from those who don't. [13:02] - What separates great leaders from leaders?  [14:15] - When you have an issue, you can usually trace it back to a leadership issue.  [16:01] - Learn one of Steve's "why's."  [17:11] - Check out how Netflix has changed HR and fixed morale. [20:06] - Informal lunches and coffee chats have impacted Steve's office morale. [21:09] - Steve wraps up the episode by recapping his "why's." [23:27] - Like this episode? Share it with a colleague or a friend! Write a review and leave a rating. Help spread the Good Life Property Management message! Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind Start With Why by Simon Sinek Wine to Water TRE Homes: Austin Property Management Local H2O - Anthony & Ashley Harvard Business Review - How Netflix Reinvented HR

    24 min

  8. 07/08/2019

    We've Been Sold a Lie

    Welcome to the Good Life Property Management podcast! I'm your host, Steve Welty. This is a show for property management entrepreneurs who want to build not only a great business but also great lives. I'm here to help you gain the freedom to live life on your own terms while creating a positive impact in the world. Please check out Steve Welty's Music! Today, my show, We've Been Sold A Lie, got me thinking about happiness. Happiness is a journey, does not mean we are the wealthiest. Live in the present moment and learn to experience joy. How to be mindful with meditation. Your mind is not the problem, you have to exercise your brain like every other muscle for the muscle to work effectively. In this episode, I talk about how the universe is here to help and how you can connect to the world through the present moment. Feel the pure creativity in the present. How you can reflect and learn what brings you joy. Take about 30 minutes, find a quiet space,, and act to build your list happen! I also chat about R Factor and DOS conversations and how you can use these to focus your goals and create happiness in your personal and business life. In This Episode: [01:40] Where is the focus to create happiness? [02:43] Slowing down and being mindful of the present moment during meditation. [03:40] Deepak Chopra's book: The Seven Laws for Spiritual Success. [04:39] The process of learning what brings you joy and why aren't you doing these more? [08:09] What effect would doing more of these activities which bring you joy have on your life and your business? [09:09] Awareness of how little I do of the things which bring me joy. [11:09] Setting up buckets of joy in a systematic way. [11:33] Jordan Muela and Rita joined me and we talked about the book Outsiders [13:07] R Factor question and the DOS conversation. [15:16] Meeting and networking with people to get to know them, not for the purpose of putting them in a lead funnel. Links and Resources: Steve Welty's Music steve@goodlifemgmt.com Steve Welty on Facebook Tribe Mastermind NARPM Annual Convention The Seven Spiritual Laws of Success by Deepak Chopra Outsiders by William N. Thorndike

    17 min
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4.9
out of 5
21 Ratings

About

This podcast shares information and ideas on how to build a thriving property management business. A Good Life to me is a life with ever increasing freedom, money, and impact. I love property management because you can maximize all 3 areas. This is a show for property management entrepreneurs who want build great businesses and lives.

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