Ep #184: Al Williamson – Multiple Streams of Income
Al Williamson joins us today to share his expertise in managing property, multiple businesses and generating various streams of income. From leadership tips and finding out how to be more hands on and involved with tenants, he gives us some great insight on how to turn around a neighborhood. Al gives a brief run-down of a few of the many ways he has found to create new and innovative income streams.
He not only shares his own story of how he started in business and real estate, Al also talks about how important it is to have a vision and a plan. He compares leadership to landlorship and talks about how important it is to lead by example as well as to know when to delegate or partner with others to accomplish the vision. He talks about making sure to stay firm but helpful with tenants and also gives his two cents on how to make the AirBnB style renting work for you.
- 2:43 – How Al got started in business and real estate.
- 7:00 – Future-pacing and how different people focus naturally on the future or present.
- 8:13 – How landlords are appreciated for their civic involvement and leadership.
- 9:15 – How he used vision and leadership to improve neighborhoods.
- 12:54 – His best advice on managing tenants wisely and effectively.
- 14:41 – How to develop a rental portfolio without being as hands-on.
- 18:38 – His best insight into short term and AirBnB style rentals.
- 23:40 – Various side incomes and how he leverages opportunities around him.
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