John Wilhoit On Real Estate

Our discussion is on the use of artificial intelligence (AI) in real estate underwriting. How does an individual investor or mid-sized operator, compete for deals against big companies? By leveling the playing field with the use of technology that allows real estate investors to see and use the best and most current data.

In this program we're presenting to you five areas to assist in rental revenue growth. But it goes beyond just rents and goes beyond just ancillary income. We know that most revenue from a rental property comes from rents but that's not the whole story. Visit John Wilhoit.com for more quality content.

There are three areas you must understand up front to successfully build your buyers box for making acquisitions of rental properties. Miss just one and your efforts will twist in the wind... Utilize submarkets Understand the value of knowing educational attainment Submarket preselection is imperative

As much as this episode is entitled The 7 Ways to Measure Financial Outcomes from Rental Property I really could have named it "how to find out about an asset when you don't have any information".

Sometimes we think buying a home is exclusively a financial decision but very often it's far more than that. In this episode we're going to cover some of the areas that lead people to buy a home talk about the reasoning behind why you should proceed with home ownership.

This episode is titled Sources and Uses of Market Information in Real Estate. We’re talking about decision analysis for making real estate acquisitions. As much as that's a mouthful, the easier title is finding and using market information for making real estate decision. We have two different areas; one is sources of market information and the other is uses of market information.

It's seldom going to be a single thing that captures ten thousand dollars in added revenue from being a property owner or being in property management.  It's always going to be a collection of things that add up to that. And it can be substantially larger.

Today's episode is about Rent Roll Analytics: Baseline Data. Rent roll analysis is all about understanding rental income. The reason we need to understand rental income is so we have a frame for comparing one asset to another. The rent roll is the controlling document of what a property produces.   

This episode presents five sources of yield. Most people think there are only four. I go into the details and insert my perspective on the five sources that generate yield which leads to a higher internal rates of return when they're all deployed by your investment dollars. For a transcript of this episode go to John Wilhoit.com.

Today's episode is counting cars and rental property marketing. Measuring traffic goes way beyond counting cars anymore, of course. There's been a paradigm shift.

Too many people think that all cap rates are the same- an equalizer among all property types for all deals. If that's true it means that we're always getting net operating income (NOI) right from the beginning and that each asset is providing an equal level of risk. Not true! For a transcript of this episode go to John Wilhoit.com.

Today's topic is defining local market knowledge for buying real estate. Our topic includes four areas related to establishing local market knowledge: The Subject Asset Adjacent Assets Submarkets Markets

We have four areas we want to cover today. The first is technology followed by demographics, urban density and then demand for housing. Those are our four big trends. Yes, there's 40 but hey we can't do them all in 20 minutes. Today we’re talking about: Technology (Utility Costs, Construction Design/Architecture, Mobility) Demographics (Smaller families, SRO, Seniors housing, Relocation) Urban Density (Population explosion in down-towns, Suburbs as City-Centers) Housing Demand (Life-time Renters, Economic Knowledge  

Why would we want to create vacancy? Strategic vacancy is always planned and it has a purpose. Usually the purpose is to increase rents. We're talking about rental property. We're always looking to increase rents, however, rent is not always about price right.

Today's topic is property management basics: 4 preventive maintenance money savers. These are very basic. I'll tell you what the four are upfront and then we can proceed from there. They are: Air filters and why they are important Water flow restricting devices Drains and storm drains. Outdoor lighting and cameras

Today's segment is about understanding leverage and liquidity in real estate investing with a focus on real estate financing. To frame this conversation, I'm talking about real estate assets, or investments, valued under five-million dollars. Once above five-million dollars then you're competing for financing with the professional class. With assets under five-million dollars, most real estate assets are purchased by local people in local markets. For a transcript of this episode visit John Wilhoit.com  

Property management for small properties can benefit from many of the same business principles deployed by much larger apartment owners in terms of implementing systems and processes. Creating a consistent product, having consistent response times to maintenance, running the business "as a business" are all part of running a small rental business. For a a complete reading of the show notes please visit our website at John Wilhoit.com  

Energy efficiency is not the most exciting topic but frankly it can be when you convert the topics that we're discussing into dollars and cents. If it's only $5 people are not going to pay attention.  Yet, take the body of work in energy efficiency in the last ten years and it is a huge amount of change that can affect every household and rental property owner. For a a complete reading of the show notes please visit our website at John Wilhoit.com

In this podcast with Darsweil Rogers John discusses the straightest line to real estate ownership: what to do and how to do it.  For a a complete reading of the show notes please visit our website at John Wilhoit.com

Investing in single-family homes versus multifamily represents two completely different business models and required operational management. They are not the same at all. Multifamily, with the potential for higher rewards, moves at a completely different velocity than does single-family. For a a complete reading of the show notes please visit our website at John Wilhoit.com     

Most instruction on house flipping teaches people how to do a segment of the house flipping business so they can be involved in the process. Well, the process is very extensive. You have to be able to purchase, repair and market the property. And you have to do all three very well to be successful in the home flipping business.  Most people do not have the capitalization and/or skill set to do all of those things. Let's break it down a little bit more. For a a complete reading of the show notes please visit our website at John Wilhoit.com

Most people know these sources but they're not necessarily all in one place at one time so that's the purpose of today's episode:  to have all five types of return on investment from real estate in one place while you are contemplating future investments and use this list to analyze your current investments, to measure if you are gaining yield from all five sources with your existing portfolio.  For a a complete reading of the show notes please visit our website at John Wilhoit.com

Getting down to brass tacks for purposes of making your first purchase or becoming a property owner:  make the purchase as a homeowner.  We want you to make your purchase as a homeowner because as a homeowner you get better access to financing, therefore, this the absolute easiest way to buy your first property.  You want a move-in ready property. It doesn't have to be a new property but we want you to buy a property that's move-in ready so that when you get that loan commitment, when you’ve made your down payment, when you close, all you do is move your things there. Stay away from those that cause you a lot of work. For a a complete reading of the show notes please visit our website at John Wilhoit.com