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The Academy Presents podcast


Nov 20, 2020

This episode is part 3 of my conversation with the co-founder and host of The CashFlow Kings, Frank Patalano. Frank is a full time accredited real estate investor with a primary focus on cash flowing rentals. If you weren’t able to follow this episode, please go back and listen to parts 1 and 2. 



Let’s jump right into Frank’s fantastic success story and learn more about his virtual assistance service company. 

 

[00:01 - 08:24] Competitive Advantages

  • Multi-billion dollar companies get a competitive benefit from hiring VAs
  • Frank is answering a question about delegating Skip Tracing and Cold Calling to the VAs
    • More people are hiring skip-tracers than the cold caller
  • Frank talks about the competitive advantages of the industry 
    • US dollar still consider a strong currency and valued higher in some parts of the world
  • Frank talks about how the value differences of the currency play a significant  role in the benefits 

 

[08:25 - 14:04]  The Mechanism on Hiring VAs 

  • You should be directing your adverts;
    • finding and keeping customers 
    • delegating tasks (bookkeeping, email response, etc.) to the VAs
  • The more successful you get, you should not be the common slave to your business 
  • To help your business, you need to focus on growing your clients’ leads, keep looking at deals, finding and researching new inventions 
    • You can not be doing everything yourself 
  • Frank explains the mechanism in hiring VAs through his company 
  • Hiring affordable help without lowering your standard and the quality of your service



[14:05 - 21:36] Closing Segment 

  • How to contact Frank
    • See links below 
  • Frank shares about the special deal
    • Full-time for friends and family $1200/month 
    • Get someone qualified for  about the price or less than the minimum wage
    • For part-time, we offer $800 
  • The concept of growing slowly, with quality and building relationships 
  • The great thing about entrepreneurship is we are helping people and get a win-win situation
    • Helping our clients while helping our employees simultaneously

 

Tweetable Quotes:

“If these multi-billion dollar companies get a competitive benefit of hiring VAs, why do you deny yourself the same advantage.” - Frank Patalano.

 

“The more successful you get, you should not be the common slave to your business  .” - Frank Patalano.

“By hiring VAs, you are hiring affordable help without lowering your standard and the quality of your service .” - Frank Patalano.

Resources Mentioned:

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You can connect with Frank on Facebook, Linkedin, and you can also visit the website at www.cashflowkings.com/ and www.realagenthelper.com.

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Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

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