From Limiting Beliefs to Limitless Success: The Power of Mentorship and Mindset with Jorge Contreras

Welcome to another episode of the REI Mastermind Network! In today's episode, host Jack Hoss is joined by the inspiring Jorge Contreras, a successful entrepreneur and real estate investor. Their conversation dives deep into the power of mentorship and how it can impact our lives and businesses. Jorge shares personal stories of his challenging upbringing and how he overcame limiting beliefs to achieve success. He also reveals his strategies for building a highly efficient and semi-passive business in the vacation rental industry. From communication systems to team building and pricing models, Jorge provides valuable insights and practical tips that can elevate your real estate game. So, grab your notepads and get ready to take your business to the next level with this enlightening episode of the REI Mastermind Network!Connect with Jorge Contreras: @TheJorgeContreras on InstagramKey Topics and Bullets:The importance and challenges of mentorshipSome people don't see the value in mentorshipSpeaker notices a mom and daughter duo not taking their mentorship event seriouslySome people pay for mentorship but fail to take action or value what they learnSpeaker personally values mentorship and learns something positive from every experienceThe Jorge's background and personal growth journeyGrowing up in a household with two Mexican immigrant parents involved in illegal activitiesFacing challenges and limiting beliefs about relationships, business, and trustRealizing the need for personal development, mentorship, and therapyLearning to take responsibility for applying mentorship learnings to all areas of lifeOvercoming limiting beliefs in businessTwo limiting beliefs creating a bottleneck in hiring and delegationMany people become entrepreneurs but end up working long hours and becoming slaves to their businessesThe value of learning from millionaires and attending trainings with Tony RobbinsOvercoming limiting beliefs and implementing new strategies for business successBuilding a team and creating a semi-passive businessThe intensive nature of the Airbnb business and the need for systems and processesBuilding a team with cleaners, maintenance personnel, and a communications coordinatorStreamlining communication through tools like Slack and property-specific channelsFostering a culture of communication and delegation among team membersInvolvement in major issues only, while team members handle day-to-day tasksHiring, probation periods, and building a reliable teamUsing social media and online platforms to source for team membersChoosing individuals over large cleaning companies for cost-saving and consistencyImplementing a probation period to ensure a good fitBelief in finding great people and continuing hiring until the right ones are foundRetaining team members for long periods of timePricing models and amenities for vacation rentalsBasing rates on fair market rent and aiming for 10% of fair market rent as a nightly rateBreaking even at 10 nights, doubling rent at 20 nights, and tripling at 30 nightsProviding accommodations for 10 people with better experiences at a fraction of hotel costsOffering the most and best amenities to attract bookings and generate revenueConverting garages into game rooms for enhanced staycation experiencesUtilizing professional real estate photographers for marketing visualsLeveraging...