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Dec. 9, 2022

64|How to effectively manage out-of-state investments and property managers with Doug Spence

64|How to effectively manage out-of-state investments and property managers with Doug Spence
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Doug Spence currently resides with his wife, Cait, and parrot, Ruby, in San Diego. He was born and raised in Houston, Texas and took undergraduate studies at Baylor University and MBA from the University of Florida. Doug has been an active duty Navy officer since 2009 and had his first home acquisition in 2016.

[00:01-07:26] Having that Lightbulb Moment

  • Doug shares about his background and how he got into real estate
  • Investing out of state and having proper system in place

[07:27-19:34 ] Finding the Right Property Manager

  • Creating a forum looking for property managers in Oklahoma City
  • Sitting down and interviewing every applicant for the role

[19:35-22:23] Legacy Round

  • Burr he did in Oklahoma
  • Had to rehab a house longer than initially projected

[22:24 -27:49] Slice of Knowledge

  • Typical day looks like:Waking up early and doing a journal
  • One Slice of Wisdom: Put in the work
  • Real Estate Multifamily Vocabulary: Daily action, Fantastic team, being eligible about financing
  • Books and Masterminds to Try: Long-Distance Real Estate Investing by David Greene, The Millionaire Real Estate Investor

Reach Vadim Rey

Social Media: Instagram



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Tweetable Quote

Surround yourself with like-minded people that will hold you accountable for your goals.”-Doug Spence

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