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Episode #687

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Many rookies are freaked out by the thought of tackling rental renovations and things going south. But what if there were ways to lower your risk, save money, and almost guarantee success? Today’s guest graduated from “chaotic” rehabs to better, cheaper, faster house flips—all because she implemented the tools and tips you’re about to learn!

Welcome back to the Real Estate Rookie podcast! Today, Serena Norris is a master house flipper, having completed over 130 projects and $55 million in volume. But she didn’t get there overnight. In this episode, she winds the clock back to the beginning of her real estate investing journey, when every project came with headaches, delays, and surprise costs. When she’d finally had enough, Serena adopted tools and templates that now keep her projects organized, on track, and within budget.

What are the first systems every real estate business needs? What’s the best project management software? Should you hire a general contractor for your renovations? How do you create an accurate scope of work? Stay tuned as Serena answers all of these questions and more!

Episode Show Notes:
https://lnk.to/realestaterookieYT

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Real Estate Rookie 330 – The Rookie’s Step-by-Step Guide to Home Renovation Projects w/ Serena Norris: https://www.biggerpockets.com/blog/ro...

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00:00 Intro
00:56 “Chaotic“ Rehab Projects
05:28 Systems Change Everything!
08:34 The Flipping “Life Cycle”
17:01 Sponsor: Baselane!
17:57 How to Organize Your Project
25:24 Hiring General Contractors
29:47 Building Your Budget
34:04 Must-Have Tools & Software
37:57 Key Advice for Rookies
41:20 Connect with Serena!