“You’re capable of doing this—you just have to mitigate risk and realize what you’re getting into, because information is power.”
In this episode, Mindy chats with Stephanie Graves, who started her own property management and consulting firm seven years ago. Stephanie presented a highly popular and influential professional session entitled “Building an Empire” which took an honest look at the complications involved in starting your own business or running your own property. Stephanie’s insights have opened the eyes of supervisors and managers to what they do, the risk involved in setting off on your own, and ideas for how to lead others.
Mindy next asks Stephanie for her advice as someone who went all in and started her own management company. Stephanie’s number one tip is to have a solid network of industry professionals as a support system, including supplier partners who can help you to meet your goals. She also discusses risk mitigation and setting realistic expectations, including identifying your non-negotiables in terms of how you will treat the people who work for you.
To close, Mindy invites Stephanie to share her upcoming professional networking endeavor, the Multifamily Immersion Cruise. Participants will cruise out of Galveston to Cozumel and back, taking part in conversations centered on leadership, the ABCs of multifamily, syndication, and more. The cruise—and Stephanie’s passion in all that she does—is to grow the bond and education in this industry that really is a family.