Zen and the Art of Real Estate Investing

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/streamlinedproperties

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Episode Credits

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202: Perfecting Short-Term Rental Management and Acquisition with Luke Carl Dec 26, 2024

Show notes

Doing short-term rentals well can be difficult, but today's guest on the podcast proves why they don't have to be over-the-top to create a great guest experience while producing an impressive income stream.

On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Luke Carl, co-founder of The Short Term Shop. Luke is also the education and self-management specialist for The Short Term Shop. He is the host of the podcast Short Term Rental Management. The Short Term Shop is a team at eXp where you can buy, sell, and learn short-term rentals with their local experts across 20 markets.

Jonathan and Luke begin their conversation by exploring how Luke got into real estate by way of a 25% stake in a bar in New York City. He explains what he learned about networking and relationships from that experience and how he tried multiple real estate types before settling on short-term rentals. Luke outlines what he liked about the Great Smoky Mountains after trying rentals out in Nashville, the importance of being a good landlord with a vested interest in your tenants and community, and what appeals to visitors about short-term rentals. You'll hear what's behind the increasing amenities they offer, why it isn't for every investor, and why price-per-night still matters. Finally, Luke reveals the importance of the property's description and the photos' accuracy to ensure a satisfying guest experience.

Luke Carl has a wealth of experience in both networking and short-term rentals, which he is eager to share with others and help them carve a path to success.

In this episode, you will hear:

How Luke Carl fell into real estate in his 30s alongside a 25% stake in a bar
What the bar business taught Luke about networking and relationships
His path to short-term rentals after trying multiple other avenues and why he ultimately honed in on the Great Smoky Mountains
The importance of being a good landlord with a vested interest in your tenants and community
The appeal behind short-term rentals for visitors and the increasing amenities they offer
Why price-per-night still matters, and short-term isn't for every investor
The importance of the description and the photos matching the property expectations

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Supporting Resources:

The Short Term Shop - theshorttermshop.com

The Short Term Shop on YouTube - www.youtube.com/@TheShortTermShop

Find The Short Term Shop on Facebook - www.facebook.com/theshorttermshop

Connect with The Short Term Shop on Instagram - www.instagram.com/theshorttermshop

STS Plus - stsplus.com

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/streamlinedproperties

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Episode Credits

201: Using Multifamily Real Estate To Maximize Risk-Adjusted Returns with Ken Gee Dec 23, 2024

Show notes

Single-family and duplex homes aren't everyone's cup of tea, so sometimes it makes sense to jump into multifamily right from the start. Today's guest took that path and never looked back.

On today's Zen and the Art of Real Estate Investing, Jonathan dives into multifamily investing with Ken Gee. Ken is the Founder and President of KRI Partners, a real estate private equity and investor education firm. Ken has more than 26 years of experience in real estate and is a former CPA, commercial lender, and real estate broker.

Jonathan and Ken start their discussion by exploring Ken's worst period in real estate and why it was awful. Ken shares his background as a commercial lender who became a CPA and what eventually led him into real estate. You'll hear why he kept his W2 before jumping into real estate full-time, his reasoning for moving toward multifamily right from the start, and the importance of approaching your real estate portfolio like a business. Ken shares his four rules for buying multifamily properties, why he's focused on the Southeast instead of Cleveland now, and why transitioning into real estate full-time doesn't have to be difficult.

With Ken Gee's lengthy experience in real estate, he has a lot of wisdom to share with new and experienced investors alike.

In this episode, you will hear:

The most challenging time in real estate investing Ken Gee experienced and how his business survived
Ken's previous career as a lender and CPA and how he began investing
The importance of maintaining a W2 position as you build your portfolio
The trap many people fall into and the struggles they face when they move into multifamily
Why Ken started buying multifamily properties and skipped over singles and doubles
Approaching your portfolio like a business, which leads to greater success
Making the case for multifamily as opposed to other asset classes
Ken's four rules for buying multifamily properties
Where he's focusing his business now after spending many years in Cleveland
The new focus on renting versus buying and the number of units Ken likes to stay above
Why transitioning into full-time real estate doesn't have to be rough

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Supporting Resources:

KRI Partners website - www.kripartners.com

Ken Gee on YouTube- youtube.com/@KenGee_KRI

Find Ken on Facebook - www.facebook.com/people/Ken-Gee-KRI/100086519510719

Ken Gee's Instagram - www.instagram.com/kengee_KRI

Connect with Ken on LinkedIn - www.linkedin.com/in/geekennetha

Ken's Twitter/X - twitter.com/kengee_kri

Find Ken on TikTok - www.tiktok.com/@ken_gee_kri

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/streamlinedproperties

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Episode Credits

200: How The U.S. Election Could Affect Real Estate Investing in 2025 with Dave Meyer Dec 19, 2024

Show notes

The U.S. presidential election is over, and many real estate investors wonder how it will impact their portfolios. Today's guest is a real estate expert who goes deep into how the election can affect you in the near future.

Jonathan welcomes Dave Meyer back to the show on today's 200th episode of Zen and the Art of Real Estate Investing. Dave is the Head of Real Estate investing at BiggerPockets and hosts the BiggerPockets Real Estate Investing podcast and the BiggerPockets On The Market podcast.

Jonathan and Dave start their conversation by delving into Dave's thoughts on how the U.S. presidential election could impact real estate and why Dave is telling investors to wait and see what happens in the first few months of the new administration. You'll hear the effect of interest rates on the housing shortage, how weather can impact where you invest, and the importance of affordability and mitigating risk. Dave shares the importance of building a strategy that fits your business vision, knowing when it's time to sell and reallocate, and why it may be time to change your views on owning a home versus renting. Finally, Jonathan and Dave tackle the appeal of house hacking, how its popularity has impacted returns, the difference between retiring and creating time freedom, and where Dave thinks the market will go in the next year.

Economic concerns always arise with a presidential election, especially in real estate, and Dave Meyer explains why the "wait and see" tactic is best for investors.

In this episode, you will hear:

Dave Meyer's thoughts on how the U.S. presidential election may impact the real estate market
Why Dave is telling investors to wait and see what actually happens in the first few months following the inauguration but remain open to opportunities
The effect of interest rates on the housing shortage
Focusing on your assets and how weather can impact where to invest
The importance of affordability and investing in syndications to mitigate risk
Building a strategy that fits your vision and deciding the type of business you want to run
Optimizing your portfolio and evaluating when to reallocate
Changing your views of owning a home versus renting one
House hacking's appeal and why it isn't earning the way it used to
The difference between retirement and time freedom and building the portfolio that supports your goals
Where Dave sees the market going in the next year

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Supporting Resources:

Bigger Pockets - www.biggerpockets.com

Dave Meyer on Instagram - www.instagram.com/thedatadeli

Connect with Dave on LinkedIn - www.linkedin.com/in/dave-meyer-5660846

The Real Estate Podcast - www.biggerpockets.com/podcasts/real-estate

On The Market Podcast - www.biggerpockets.com/podcasts/on-the-market

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/streamlinedproperties

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Episode Credits

199: From Scratch To Success Through Local Homebuying with Ray Glymph Dec 16, 2024

Show notes

Sometimes, becoming an accidental landlord can be the best thing to happen to a would-be investor. Today's guest experienced exactly that, leading to a successful real estate investing career.

On today's episode of Zen and the Art of Real Estate Investing, Jonathan interviews Ray Glymph, a real estate investor and mentor who started with nothing and transformed his passion for real estate and investing into over 100 doors. Ray also runs a mentorship program to help others do the same.

As Jonathan and Ray start their conversation, they explore Ray's accidental entry into real estate investing. Ray shares what happened with his first investing property purchase, his mistakes, and what it taught him about real estate investing. You'll hear how investors can help improve neighborhoods and increase returns over time, the importance of knowing your end client, and why it pays to be local. Ray shares how he negotiates and works with contractors, what he likes about the West Virginia, Ohio, and Pittsburgh, Pennsylvania, area, the upsides to gentrification, and the importance of staying on top of what's going on with your property while preparing for future expenses.

Ray Glymph's start-from-scratch story is inspiring, and his passion for helping others succeed shines through.

In this episode, you will hear:

Ray Glymph's entry into real estate investing as an accidental investor
His first investment property purchase, the mistakes he made with it, and what Ray learned from that experience
How investors can help improve neighborhoods and increase their returns
The importance of knowing who your end client is, the competitive advantage of being local, and the power of networking
Becoming the problem solver in your community and creating great off-market deals
Understanding your costs as a new investor in a new neighborhood
Negotiating with contractors to get a better price and hanging on to the good ones
What Ray likes about the West Virginia, Ohio, and Pittsburgh, Pennsylvania markets
Gentrification and the positive impact landlords can make
Being aware of what's going on with your property and preparing for the future
What's on the horizon for Ray's business

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Supporting Resources:

Ray Glymph's YouTube channel - www.youtube.com/@RayGlymph

Ray's Instagram - www.instagram.com/rayglymph

Connect with Ray Glymph on LinkedIn - www.linkedin.com/in/rayglymph

Real Estate Inner Circle - www.skool.com/real-estate-inner-circle-7661/about

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/streamlinedproperties

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Episode Credits

198: Real Estate as a Vehicle To Live and Grow with Andrew Reichert Dec 12, 2024

Show notes

Changing your mindset from scarcity to abundance can be a game-changer, especially in real estate investing. Today's guest takes this approach to investing and thrives on helping others find the financial success they're seeking.

On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Andrew Reichert, CEO and visionary of Birgo. Birgo is a fully integrated private equity real estate investment and management firm that seeks to improve the lives of its clients through real estate.

Jonathan and Andrew begin their conversation by exploring Andrew's tumultuous start in life, eventually leading to college and some life-changing books. Those books taught Andrew to harness his ambition into productive forms, leading to his first real estate purchase. Andrew shares why he zeroed in on multifamily, the avatar that best fits his funds, and how syndications differ from funds. You'll hear what he loves about being a landlord, why he views diversity within his team as a competitive advantage, and the 12-point checklist he uses to evaluate new markets. Andrew explains why he remains vertically integrated, what self-managing properties teaches you about property management, and why other asset classes don't have as much appeal. Finally, Andrew shares where he would advise new investors to put their money in today's market.

Real estate can be a powerful tool for living and growing, and Andrew Reichert's passion for helping people do this shines through in this conversation.

In this episode, you will hear:

How Andrew Reichert developed the mindset to get into real estate and the books that influenced his interest
Andrew's first real estate purchases, why he zeroed in on becoming a multifamily operator, and what his buy box looks like
The avatar that best fits Andrew's syndication funds and the nontypical approach he took to get started
How syndications differ from funds and which one Andrew prefers
What he likes about being a landlord to his tenants and the parts he's passionate about
Viewing diversity as a competitive advantage and using it to scale your business
The 12-point checklist Andrew uses to evaluate new markets
Remaining vertically integrated and building systems to handle property management
What self-managing properties can teach you about property management
Why other asset classes don't have as much appeal to Andrew
Where he would advise new investors to put their money in today's market

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Supporting Resources:

Birgo's website - www.birgo.com

Real Returns Podcast on YouTube - www.youtube.com/@RealReturns

Birgo Capital on Facebook - www.facebook.com/birgocapital

Birgo Capital's Instagram - www.instagram.com/birgocapital

Find Birgo Capital on LinkedIn - www.linkedin.com/company/birgocapital

Rhino Operating System (ROS) - www.rosjourney.com

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/streamlinedproperties

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Episode Credits

197: How To Find Real Estate Done For You with Michael Drew Dec 09, 2024

Show notes

Many would-be real estate investors lack the time or inclination to pursue properties and do the work required to succeed. Today's guest has the solution.

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Michael Drew, CEO of Real Estate Done 4 U. Michael is a coach and mentor who has helped hundreds of investors worldwide reach their retirement goals by investing in real estate with cash, IRAs, mortgages, and 1031 exchanges. He is also the author of the book "Retire on Rent."

Jonathan and Michael start their conversation by delving into why Michael was initially drawn to stocks and what eventually pulled him toward real estate. Michael shares his first real estate investing experience, why you need more than just knowledge to be a successful investor, and the importance of understanding your motivations for investing. You'll hear the different methods people use to enter the market, the value of involving your kids early in real estate investing, and why handling money is emotional. Michael outlines why he started Real Estate Done 4 U, the ideal avatar he serves, and the benefits of being vertically integrated.

Getting started in real estate may seem complicated, but Michael Drew is making it much easier with Real Estate Done 4 U.

In this episode, you will hear:

Why Michael Drew was initially drawn to stocks instead of real estate and what eventually led him to real estate
Michael's first real estate investment and what he learned from that experience
Why you need more than knowledge to become successful in real estate
Understanding your motivations behind real estate investing
The different methods people can use to enter the market and why it isn't one-size-fits-all
Involving your kids in real estate investing
The emotions attached to money and the importance of taking care of people
How Michael decided to offer a "done for you" service to others and created his business
Michael's ideal avatar for his clients
The benefits of vertical integration

Follow and Review:

Supporting Resources:

Real Estate Done 4 U website - www.realestatedone4u.com

Real Estate Done 4 U on Facebook - www.facebook.com/RealEstateDone4U

Michael Drew's Instagram - www.instagram.com/MDrew212

Connect with Michael on LinkedIn - www.linkedin.com/in/michaeldrew212

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/streamlinedproperties

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Episode Credits

196: Unleashing Your Property's True Potential Through Cost Segregation with Sean Graham Dec 05, 2024

Show notes

Cost segregation is a popular buzzword in real estate investing right now, but understanding what it really means can save you money.

On this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with Sean Graham, founder of Maven Cost Seg. Sean is also a real estate investor and a registered CPA. Additionally, he is the founder of Maven Equities.

As Jonathan and Sean begin their conversation, Sean shares how real estate first appeared on his radar. He explains that he started investing with a house hack in Chicago. Eventually, Sean discovered self-storage and quickly realized that wholesaling was not his niche. He did like self-storage, though, and continued to invest in that asset class. Sean explains how the geographical area a property is located in affects how it operates, his strategy for finding deals and what's changed about it over time, and the financial advantages of self-storage. You'll hear what cost segregation is, the assets it best works for, and how it can help investors save money. And how Sean approaches cost segregation for different asset classes. Finally, Sean explains what it means to be a real estate professional with active status from the IRS's perspective and two ways to create a relationship with a tax professional.

Tune into this episode for information on cost segregation that can save your real estate business money.

In this episode, you will hear:

When real estate first popped up on Sean Graham's radar and how he got into investing with a house hack
How Sean figured out that wholesaling self-storage wasn't for him and what initially drew him to self-storage
The appeal behind self-storage as an asset class and the geographical area's impact on how it operates
Sean's strategy for finding deals and how that's changed over time
The financial advantages of self-storage
Cost segregation, what assets it works best for, and how it can help investors save money
How Sean approaches cost segregation for different asset classes
Meeting the requirements to qualify as a real estate professional with an active status
Two ways to create a relationship with a trusted tax professional

Follow and Review:

Supporting Resources:

Maven Cost Seg website - mavencostseg.com

Maven Success on YouTube- youtube.com/@mavensucess

Find Sean Graham on Facebook - www.facebook.com/profile.php?id=1391659913&mibextid=LQQJ4d

Sean's Instagram - www.instagram.com/seanpaulgraham

Connect with Sean on LinkedIn - www.linkedin.com/in/sean-graham-cpa

Sean on X - x.com/seanpaulgraham

Maven Cost Seg listener discount - mavencostseg.com/greene

Maven Success listener discount - mavensuccess.com/greene

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/streamlinedproperties

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Episode Credits

195: Passive Rental Property Investing Through Comprehensive Asset Management with Andrew Kim Dec 02, 2024

Show notes

When tech and real estate investing collide, it can create brilliant solutions for investors.

On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes guest Andrew Kim to the show. Andrew is the CEO and co-founder of Share. Share is the easiest way to build a portfolio of fully managed rental properties. With his background in the tech sector and experience as a real estate investor, Andrew sought a solution to make managing properties easier, which led to his company, Share.

Jonathan and Andrew start this discussion by delving into Andrew's earlier experiences with real estate investing and the BRRRR method. He shares his early introduction to real estate investing through his parents, why it was always his Plan B, and the impetus behind starting Share. You'll hear the background story behind Share, Andrew's "aha" moment, and the similarities between building real estate portfolios and the tech sector. Andrew explains who his ideal avatar is, why he works with experienced investors, and what Share does to help those investors advance their portfolios. Finally, Jonathan and Andrew explore the importance of involving clients in choosing their assets, where Share works, and the two things impacting their business and clients the most.

Tech offers innovative solutions in nearly every industry, and real estate is no different. Find out how Share is revolutionizing the way investors manage their properties.

In this episode, you will hear:

Why using the BRRRR method didn't work the way Andrew Kim thought it would
Real estate investing's role in Andrew's life and why it was always his Plan B
The impetus behind starting his company, Share, and what they do
Share's background story and his "aha" moment
The similarities between building portfolios in real estate and the tech sector
Andrew's ideal client and why he prefers experienced investors
How he helps his clients diversify and advance their portfolios
Involving clients in choosing their own markets and knowing when to turn down business
The areas where Share works and the two items impacting where they work the most
Future plans for Share

Follow and Review:

Supporting Resources:

ShareSFR website - sharesfr.com

Share on Facebook - www.facebook.com/ShareSFRinvestments

Share's Instagram - www.instagram.com/sharesfr

Connect with Share on LinkedIn - www.linkedin.com/company/sharesfr

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/streamlinedproperties

Bigger Pockets - www.biggerpockets.com/users/TrustGreene

Episode Credits

194: Learning To Bet On Yourself as a Real Estate Investor with Andrew Owlett Nov 28, 2024

Show notes

When boutique hotels started gaining popularity, today's guest moved from single-family investing into the burgeoning boutique hotel space.

On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Andrew Owlett, a former firefighter who transitioned into real estate investing. Andrew is a developer of hotels, short-term rentals, long-term rentals, and now boutique hotels with a wellness twist. He is also the founder of Night Owl Academy, Night Owl Management, Night Owl Capital, and STR on Auto-Drive.

Jonathan and Andrew begin their discussion by exploring Andrew's experience as a firefighter, which led to PTSD and, ultimately, real estate investing and wellness. Andrew explains the importance of building camaraderie and community to create a positive impact for remnants and guests, as well as getting your spouse or partner on board with investing. You'll hear what appeals to Andrew about boutique hotels and invisible personalization, how he got his start with a townhome in Baltimore, and how he stays focused on the customer experience and business optimization. Andrew explains why he and his wife are both still at their W2s, hiring others to take care of the things you don't enjoy, and creating hospitality for hotel guests while depending on their online reviews of your property.

Boutique hotels are a unique way to reap the benefits of short-term rentals and multifamily while offering experiences for guests. Andrew Owlett is passionate about this investing niche and is sharing the benefits with others.

In this episode, you will hear:

Andrew Owlett's transition from his job as a firefighter and struggling with PTSD into real estate investing and wellness
Building camaraderie and community with others to make a positive impact for tenants and guests
Having your spouse or partner on board and supporting one another
The appeal behind boutique hotels and implementing invisible personalization
How Andrew got his start with real estate investing using a townhome in Baltimore and what it taught him
Not being 100% hands-off but remaining focused on customer experience and business optimization
Why Andrew is still at his W2 and who is transitioning out first
Hiring people to take care of the things you don't enjoy and starting small
Creating hospitality for guests in a boutique hotel environment, reviews, and the downsides of not being able to screen guests

Follow and Review:

Supporting Resources:

Night Owl Academy - www.night-owl.academy

Andrew Owlett on Instagram - www.instagram.com/andrewowlett

Night Owl Capital - www.night-owl.capital

Night Owl Management - www.night-owl.management

STR on Auto-Drive - www.strauto.info

YouTube - www.youtube.com/c/JonathanGreeneRE/videos

Instagram - www.instagram.com/streamlinedproperties