Rental Property Owner & Real Estate Investor Podcast

Latest Episodes:

EP098 How Smart Home Automation can Save You Time, Money, and Increase Tenant Retention with Sean Miller, President of Point Central Nov 27, 2017

Show notes

When many of us think of Smart Home Technology we picture Amazon Alexa or Google Home turning our lights on and off or telling us the temperature and time. These devices can be fun and addictive, but how useful are they to real estate investors and rental property owners, and can they improve our profits?

Sean Miller is the President of Point Central, a provider of Enterprise-Scale Home Automation Solutions, and today he's going to tell us how Smart Home Technology is revolutionizing the way Rental Property Owners and Managers do business.

We'll discuss the true meaning of "Smart Home Technology", and how the Analytics and Real Time Property Intelligence can help monitor your systems and utility usage, as well as identify potential problems before they happen.

We'll also discuss the day-to-day practical uses of this technology, such as remotely controlling vendor and tenant access to your units, eliminating the need for keys and re-keying when a tenant moves out, lowering your utility bills, and adding security and video surveillance.

Smart Homes can also benefit your tenants and Airbnb guests. Units with this technology command higher rents and increase tenant retention. And best of all, owners and investors can see a Return-On-Investment upwards of 25% of the cost of installing these systems.

I know you're going to enjoy this fascinating conversation. You can learn more about Enterprise-Scale Home Automation Solutions by visiting the Point Central website:

https://www.pointcentral.com

EP097 Solving Problems in order to Build Wealth and Cash Flow, Tax Strategies, Buying Non-Performing Notes, and Things to Consider before you Quit Your Job with Tyler Sheff Nov 20, 2017

Show notes

Tyler Sheff has figured out a way to build wealth by solving other people's problems, mainly by helping them invest in Buy & Hold Real Estate in order to realize tax benefits that will help them keep more of their income.

Today we discuss the difference between ordinary income and capital gains, how Flips and Rehabs are taxed differently from Buy & Holds, and things you need to consider before leaving your job and eliminating earned income.

Tyler also shares his experiences investing in Airbnbs and non-performing notes, working with the police department to improve his acquisitions, and how he doubled the value of his first Multi-Family Investment in two years.

Tyler is also the host of "Cashflow Guys Podcast" and you can learn more about him at www.cashflowguys.com

EP096 How a Medical Scare turned him into a "Lifestyle Investor". Mission Statements, Flips, Buy & Hold, and Self Storage Investing with Charlie Kao Nov 13, 2017

Show notes

Charlie Kao negotiated a Commercial Land Lease for one of his father's properties when he was only 25 years old. But it wasn't until he had a medical scare that he began taking real estate investing seriously and created a mission statement that would guide him as a "Lifestyle Investor".

Today Charlie shares the many types of investments he's succeeded with, as well as the big loss he took on one of his flips. Charlie discusses the lessons he learned from his father, why he likes to live in his flips, his airbnb experiences, tools he uses to enhance his efficiency, returns he strives for, and why he under-prices his rentals.

You'll also learn Charlie's personal reasons for working with certain non-profit organizations as a way to give back to refugee youths, as well as his future plans to invest in self-storage, and the unique criteria he's using that will lead to bigger profits.

I know you'll find this episode to be highly informative. Please take a moment to leave a review & rating on itunes.

Charlie can be contacted by email or phone:

mckmanagement@gmail.com

(616) 378-5044

Enjoy!

EP095 Mailbox Money with Land Contracts, Flipping Condos in Florida, Multi-Family Investing and Why you shouldn't discriminate against Emotional Support Animals with Pat Sandro Nov 06, 2017

Show notes

Pat Sandro is one of the original House Hack Babies. The duplex that he grew up in was owned by his father, and the rent from the other unit helped pay for his diapers. From an early age, Pat was paying attention to the way his father invested in real estate and self-managed the 36 units he'd acquired. But it wasn't until after Pat became a physical therapist that he realized the true benefits of Real Estate Investing.

On today's episode, Pat shares the good times & the bad times. From the huge profits he made flipping condos in Florida before the crash, to the money he lost after 2009. Pat talks about the multi-family properties he's acquired, the land contracts that provide 'mailbox money', and the 'do-it-yourself' management style he learned from his father.

Pat also tells us about the vacant home he purchased and the horrific discovery in the basement. You'll also learn about Fair Housing Laws regarding Emotional Support Animals, and how Pat found himself in trouble when he unknowingly violated these rules.

This is an excellent conversation about the realities of owning and managing your own investment properties, and Pat doesn't hold back from sharing the good and the bad. Enjoy!

EP094 When Your Rental Property is Haunted: Real-Life Ghost Stories and The Tenants Who Don't Pay Rent Oct 30, 2017

Show notes

Get Ready to Get Scared by this Special Halloween Episode with Real Ghost Stories from the perspective of Rental Property Owners, Homeowners, and Tenants.

Whether you believe in Ghosts or not, sometimes strange and inexplicable things happen that make the hairs on the back of your neck stand up. Our guests today talk about the creaking doors, the footsteps, the feeling of being watched, and the sensation of seeing an apparition of someone long dead.

With stories from old and new guests: Ann Finkler, Gary Hall, Steve DeKoster, Brandon Krieg, John Potter, and Sue Dejonge.

I know you'll enjoy this episode and I'd appreciate it if you'd share that enjoyment by giving us a review and rating in itunes.

Happy Halloween!

EP093 Loan Products for Investors and Homeowners - Acquiring Conventional, Commercial, and Private Money with James Eerdmans Oct 23, 2017

Show notes

Sooner or later every investor must ask the question "Where can I get the money to do my next deal?" Today James Eerdmans from American Realty Property Management and Finance of America Mortgage will help answer that question.

James is a prolific investor who has bought and sold hundreds of properties in the past 20 years. He's also well versed in the different loan products available to home buyers and investors.

In this episode we'll discuss the standard types of loans available to home buyers such as FHA and VA, credit score requirements, Private Mortgage Insurance, and the amount of money you'll need to put down (anywhere from 0% to 25%).

We also discuss FHA 203k loans, which allow homeowners the opportunity to roll their rehab costs into the amount borrowed.

James also discusses the differences between Conventional, Commercial, and Private Lending, and how they apply to investors. You'll also learn how to protect yourself from having your loan 'called in' during the next downturn, the meaning of 'portfolio loan', the number of residential loans you can have, and the different ways banks value your property.

If you're unsure of the different loan options available for your investments, or are looking for updated information on the lending industry, I know you'll enjoy today's conversation. You can contact James by email or phone:

jeerdmans@financeofamerica.com

616-726-5700

EP092 Rent-To-Own Strategies, Making Money by Providing Affordable Housing, and Credit Restoration with Todd Warstler Oct 16, 2017

Show notes

Todd Warstler learned he was losing his job while attending a Lou Brown Real Estate Seminar. The news couldn't have been better received, as Todd had already decided that he could make a better living using Lou's techniques.

Today Todd and I discuss the "Rent-to-Own" system that has helped him replace his job income, and how he's used this training to provide affordable housing to residents who were not able to acquire traditional financing. Todd took Lou Brown's lessons a step further by providing Credit Restoration Services that help his residents fix their credit report and improve their credit scores.

Todd also shares the returns he shoots for when working with investors, the contractor nightmare he encountered, ways to save money on rehabs, and his opinion on the 'Fix & Flip' Shows made popular on HGTV.

There's a lot of great information in this episode for every type of investor. If you'd like to get a hold of Todd, you can contact him by email, website or phone:

Todd@nicehomestoday.com

866-386-0590

www.nicehomestoday.com

EP090 High Risk Investing, Disaster Preparation, and Why You Need to take your Insurance Agent to Lunch, with Ann Finkler Oct 02, 2017

Show notes

Ann Finkler describes herself as an Explorer, Entrepreneur, Investor, and High Risk Taker. Whether she's Buying an empty Industrial or Office Building, turning a Historic House into a Successful Bed & Breakfast, or Restoring Damaged Homes, she has learned to look at everything with a Creative Eye in order to find Profit and Cash Flow in areas other people would avoid.

Today on the show, Ann tells us how she looks for properties that she can fit businesses into, and how that led her to purchase an industrial building that was only 30% occupied. She also shares why she is cautious about taking on commercial debt and how she funds her deals using private money.

Ann also shares tips and advice on how to protect your home after a disaster, and why getting to know your insurance agent is so important. Ann also looks for strategic partnerships, and shares the qualities she likes to see in potential partners. You'll also learn how Ann was able to retire early, but changed her mind after the events of 9/11.

There's a lot of great experience and information packed into this conversation. Please take a moment to let us know how much you enjoy the show by going to itunes to subscribe, rate & review!

EP089 Violently Executing Your Business Plan and Systematizing your Real Estate Investments to Create Passive Income Sep 25, 2017

Show notes

True Passive Income is the Holy Grail for most Real Estate Investors. However, its not always easy to separate ourselves from the Day-to-Day Realities of Investing and figure out ways to create a team, systems and processes that will free up more time and energy for other pursuits. In this episode we're going to discuss why a good plan violently executed today is better than a perfect plan executed next week.

Gary Hall is an Entrepreneur, Passive Income Strategist, and the Operations Manager of Westshore Property Management in Muskegon, Michigan. Gary's going to share concrete examples of the systems he's put in place throughout his career to create passive income while building his real estate portfolio.

We also go into detail on a low income 11 unit that he's turning into an Airbnb cash cow, as well as his first 'blind pool' syndication and the lessons he learned while raising over $400,000.

Gary also discusses the Financial Business he started while in College, Whether Dave Ramsay's advice applies to Commercial Investors, and his outlook on the West Michigan Market.

If you're serious about treating your Real Estate Investing as a Business, then I know you're going to get a lot out of this episode.

Gary's contact info:

http://www.westshorepropertymanagement.com/

gary@westshorepropertymanagement.com

Gary@deanarrow.com

To share your True Life Ghost Story contact Brian Hamrick @ brian@higinvestor.com

EP088 The Devil is in the Details: How Title Work, Legal Advice and Insurance can Make or Break your Real Estate Investment with Brian Durham Sep 18, 2017

Show notes

Today we take a Deeper Dive into the Un-Sexy, yet Extremely Important, details that can make or break your rental property investments:

- why you should always have an Attorney review your Contracts

- the importance of Title Companies when you buy a Property

- how to avoid Adverse Possession - the Hostile Takeover of your Property

- How you can Profit from having a Cell Tower on your Property

- How to avoid Land Contract Disasters

Brian Durham is a Real Estate Agent and Office Manager for Precision Real Estate. He's also finished law school and is in the process of taking the bar exam. Brian has a background in Telecommunications, business management, and tenant law.

In this episode, Brian shares how his first home presented a unique and lucrative profit potential when a large grocery store chain made him an offer he couldn't refuse, what happened when a house he sold on land contract burned down, and why he sees the strong housing market continuing for another two to three years.

I know you'll gain a lot of in-depth real estate knowledge from today's conversation. Please take a moment to go to itunes to give us a review & rating.

To contact Brian:

facebook: Precision Real Estate llc

616-299-5777

bdurham5@gmail.com

And share your Real Life Ghost Story by emailing Brian Hamrick @ brian@higinvestor.com