Revolutionizing Real Estate with Total Cost of Ownership with Andy McQuade

Send us a text What strategic decisions can lead to long-term success in real estate investments? Dive into this engaging episode of Weiss Advice with Yonah as he interviews Andy McQuade, a multifaceted real estate consultant. Andy shares his journey from the supply side of building materials to consulting for multifamily operators. With over two decades of experience, Andy highlights the critical role of procurement, the concept of total cost of ownership (TCO), and how thoughtful decision-making can shape the future of real estate investments. [00:01 - 09:32] From Lumberyards to Real Estate ConsultingAndy"s early career journey and his unexpected leap into entrepreneurshipThe impact of growing up with an entrepreneurial fatherLessons from working in corporate environments [09:33 - 18:19] Mastering Procurement in Multifamily Real EstateThe meaning and importance of procurement in real estateHow procurement can drive efficiency and long-term savingsInsights on avoiding common operational pitfalls [18:20 - 27:46] Total Cost of Ownership: A Game-ChangerAndy"s realization of TCO’s importance in real estatePractical applications of TCO in multifamily propertiesAdapting IT-based principles to real estate decision-making [27:47 - 37:00] The Power of Networking and EducationAndy"s involvement with Real Estate Investment Associations (REIAs)How these groups foster learning and community among real estate investorsInsights into the importance of staying updated on local policies [37:01- 46:06] Building Success and Finding FulfillmentReflections on defining success and balancing personal life with professional goalsAndy’s thoughts on the evolution of his career and what’s nextEncouraging entrepreneurs to focus on their strengths while delegating weaknesses Connect with Andy: Linktree: https://linktr.ee/andymcquade LEAVE A 5-STAR REVIEW by clicking this link. WHERE CAN I LEARN MORE? Be sure to follow me on the below platforms: Subscribe to the podcast on Apple, Spotify, Google, or Stitcher. LinkedIn Youtube Exclusive Facebook Group www.yonahweiss.com None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform. Tweetable Quotes: “Don’t focus on putting band-aids on your weaknesses because you’ll constantly be chasing your tail. Focus on the things you’re good at.” – Andy McQuade “Procurement isn’t just about buying things; it’s about shaping the direction of an entire company.” – Andy McQuade Support the show