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Ep. 15: Trading Tech for Tenants: Alik Levin's Shift to Real Estate
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Get ready for an intriguing exploration into the world of real estate investment with our guest, Alik Levin.
Alik, an ex-IT professional turned real estate aficionado, reveals his journey into the industry, starting with the purchase of a condo in 2016 and evolving into managing a portfolio of rental properties for income generation. Listen in as Alik reveals the 'broken numbers' that led him to real estate, how he transitioned from his IT job, and how his portfolio looks today.
In the second part of our chat, Alik shares his unique approach to managing his investments remotely. Learn about his strategic decision to move his investments from Washington to Arizona, based on factors such as regulatory conditions, low-priced properties, and job/population growth. Hear how Alec manages his portfolio using a ticket tracking system like JIRA and the challenges he faced finding reliable subcontractors in Arizona.
Lastly, Alik provides insight into his methods of managing late payments and tenant communication, sharing his proactive approach to vetting tenants and handling delayed payments. Discover Alik's perspective on the importance of understanding money and his book recommendations for anyone looking to get into real estate. We wrap up the conversation discussing the importance of unlearning outdated approaches and embracing contrarian views and approaches. Alik's story is an inspiring lesson in perseverance and innovative thinking - don't miss out on these valuable insights.
(0:00:00) - Real Estate Investing for Financial Freedom
Alik shares his journey to real estate investing and portfolio cash flow considerations
(0:14:32) - Remote Property Management Decisions and Systems
investing approach and the challenges of self-managing remotely
(0:28:38) - Managing Late Payments and Tenant Communication
tenant vetting and late payments
(0:34:28) - The Importance of Unlearning
unlearning outdated approaches and making room for contrarian views
About Alik Levin
Alik Levin is a real estate investor who started his venture in 2016 by buying a condo. He continued acquiring rental properties and generated enough income to support his family while also working as an information-technology professional. Alik wrote the book, Own Your Future with Real Estate, informed by the relentless notes he took along the way.
Real Estate Investing, Financial Freedom, Remote Property Management, Subcontractors, Late Payments, Tenant Communication
@hackingrepod
38 episodes
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