How to Build Successful Property Management Business | Wes Cheng

Kaizen Blueprint

Learn how Wes Cheng built his portfolio from scratch, what BiggerPockets didn’t teach him, and why working harder doesn’t mean earning more.

This episode features Wes Cheng, an engineer-turned-real estate entrepreneur who shares his journey from a traditional W2 job to building a thriving property management and investment business. Starting out with no mentors and learning through trial and error, Wes discusses the challenges of breaking into real estate, the importance of building systems, and the lessons learned from managing properties in multiple states. Listeners will gain insights into the realities of property management, the value of mentorship, and how perseverance and adaptability can lead to success in a competitive industry. Wes's story provides actionable advice for anyone considering a leap from corporate life to entrepreneurship in real estate.

🚧 WHAT YOU’LL LEARN IN THIS EPISODE:

✅ How to transition from a 9-to-5 job to real estate investing

✅ The importance of finding the right realtor and building your team

✅ Effective strategies for tenant screening and property management

📌 TIMESTAMPS:

00:00 Introduction to the Kaizen Blueprint Podcast
01:32 Journey into Real Estate
02:36 First Steps and Challenges
03:50 Finding the Right Realtor
04:41 Early Real Estate Experiences
07:24 The Importance of Mentorship
09:56 First Property Purchase
17:10 Navigating Financing Options
30:19 Transition to Full-Time Real Estate
35:30 Navigating Career Changes and Financial Stability
36:50 The Struggles of Job Hunting
37:44 Corporate Life Realities
40:37 Starting a Property Management Business
42:43 Building and Evolving Systems
47:29 The Four Pillars of Property Management
50:05 Delegating Responsibilities
55:37 Challenges of Long-Distance Investing
59:30 Balancing Property Management and Investment
01:05:51 Managing Multiple Units: The Challenges and Realizations
01:06:28 The Leasing Process: From Applications to Interviews
01:07:07 Screening Tenants: The Importance of First Impressions
01:11:14 Open Houses and Scheduling Tours
01:13:40 Ensuring Tenant Reliability: The Reconfirmation Process
01:21:20 The Role of Tenant Insurance
01:27:11 Advice for New Realtors
01:31:29 Future Plans and Business Expansion

📢 SPONSORS:

ClickUp
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Notion
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→ Notion is a great fit for real estate entrepreneurs managing fast-growing teams.

OpenPhone
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→ OpenPhone is ideal for business owners who need a professional communication system while scaling operations.

🔗 FOLLOW ME AT:

Instagram: https://www.instagram.com/aldoschandra/

Linkedin: https://www.linkedin.com/in/aldochandra

Youtube: https://www.youtube.com/@aldochandra

Tiktok: https://www.tiktok.com/@kaizenblueprint

Website: https://kaizenblueprint.com

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Spotify
https://open.spotify.com/show/6z7Vo1gs1B13xmyS9SqwSC

Apple Podcast
https://podcasts.apple.com/us/podcast/kaizen-blueprint/id1747639181