Podcast appearances and mentions of david tilney

Here we have another installment of guest tips and tricks from the Real Estate Breakthrough Show. Two weeks ago we released the first version of expert tips that include snippets from Bruce Norris, David Tilney, Brent Kesler, Kaaren Hall, Deborah Razo, David Coe and many more. This week we have snippets from Wes Hill, Reed Goosens, Hunter Thompson, Anthony Walker, Bill Tan and more. I am once again encouraging you to listen to these two shows because they have been compiled to showcase what these experts feel, think and practice on a daily basis within their investments and personal lives. Whether you're a new investor or have been doing it for a long time, there is always room for growth and education.    Listen now on Spotify or Apple iTunes or watch on Youtube to find out how these guests found their Real Estate Breakthrough! The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every week and learn everything you need to know to invest in real estate education and create real wealth for a lifetime.   Find our more about Christina here:  Website ChristinaSuter.com Facebook Christina  LinkedIn Christina Suter Instagram RealChristinaSuter Twitter RealChristinaS

In today's episode of the Real Estate Breakthrough Show, we put together some of our favorite real estate guests from the first 50 episodes. These tips, quotes and life stories are the backbone to how they've become successful investors in real estate and in life. I am encouraging you to listen to these shows to get in depth, personal and life changing stories that helped these investors make it to the next level. It's not always just about investing, but what you can do to help people and make what we do as investors a more sound and positively educating experience. You will hear quotes from Bruce Norris, David Tilney, Deborah Razo, Ellie Perlman, Stephen McKee, Ellis San Jose, Kevin Oliver, Kaaren Hall, Aaron Norris, Andrew Westing and many more.    Listen now on Spotify or Apple iTunes or watch on Youtube to find out how Brian found his Real Estate Breakthrough! The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every week and learn everything you need to know to invest in real estate education and create real wealth for a lifetime.   Find our more about Christina here:  Website ChristinaSuter.com Facebook Christina  LinkedIn Christina Suter Instagram RealChristinaSuter Twitter RealChristinaS

Today I am sharing 5 actionable steps that will help you with your real estate investing. Whether you're an expert or just starting out, as an investor or person working in real estate, there are things you can do that will help you make your goals. As an investor of 30+ years, I have had many experiences that were both positive and negative due to my knowledge, expertise and ability to determine if a deal is right for me. Not every deal is going to fit the mold you've created for yourself, but being educated on what you want and don't want, will propel you forward in your investing career. The first step is know what you want to do in real estate. The second step is developing your team that will help you do the job or investment you want to do in real estate. The third step is to educate yourself using the many different tools available to you like youtube, meetings, classes, etc… The fourth step is learning that every deal is not meant for you. The fifth step and the most important, is do your due diligence. When you step into real estate for the first time it can be daunting, but with these steps the process can be a lot easier and more rewarding for both beginners and experts.  Topics Covered in this episode: 5 actionable steps that will help you in real estate  Decide if you want to have a job or be an investor Why you should build your network and what that means for your success Classes and resources such as Bill Tan, Michael Blank, Rich Dad course, Fortune Builders, Christina Suter, Paul Moore, David Tilney, Peter Fortunato, Gary Johonston  Understand why every deal is not for you Always do your due diligence Why you shouldnt be greedy    Listen now and find out why Christina thinks education is the key to financial leadership on Spotify, iTunes and Youtube.  The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every week and learn everything you need to know to invest in real estate education and create real wealth for a lifetime.   Find our more about Christina here:  Website ChristinaSuter.com Facebook Christina  LinkedIn Christina Suter Instagram RealChristinaSuter Twitter RealChristinaS

“Talking to the general public about investing, the idea is that you get a lender. The bank comes in and tells you the terms of the loan but, there's no flexibility in those terms.” -Buddy Broome    Today I am interviewing Buddy Broome who is an investor and attorney in southern California. Buddy and his wife purchased their first rental property in August of 2008, but the following month the downturn happened. During that time their property began to negatively cash flow and they also started to notice that homes were selling for 60% below market value. Encouraged to buy another property because of the crash, Buddy and his wife faced another dilemma which was not being able to get a loan. Around that time they met Ellis San Jose (Co Founder of FIBI) who became their mentor. Eliis introduced them to Clyde Wilson and Gary Johnston who introduced them to the concept of seller financing and using a financial calculator. Fast forward to today, Buddy is a successful investor, educator, mentor and speaker and has presented at my FIBI Pasadena meeting.  Buddy Broome: Was born in southern New Jersey. He attended the University of Pennsylvania and received his law degree from the University of San Diego. Before he dove into the investing world, he worked as an attorney for a large firm in Los Angeles. After reading “Rick Dad, Poor Dad” he and his wife began investing. He now teaches his clients and workshop attendees how to understand and use numbers for financial freedom.    TOPICS COVERED IN THE EPISODE www.buddybroome.com “Rich Dad, Poor Dad” Robert Kyosaki The 2008 downturn  Ellis San Jose Clyde Wilson Gary Johnston Seller financing  Direct to seller  Why real estate is a better investment than stocks  Appreciation  Why you shouldn't use leverage to margin  Get rich slow  Idiot insurance  CA legislation on statewide rent control  Why Buddy owns in southern California  Advantages of owning in California  David Tilney workshop  Tenant selection  Installment sales    Listen now on Spotify or Apple iTunes or watch on Youtube to find out how Buddy found his Real Estate Breakthrough! The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every week and learn everything you need to know to invest in real estate education and create real wealth for a lifetime.   Find out more about Buddy here:  Website BuddyBroome.com 

In this short clip Danny Plueddemann explains to us what a master lease is, how it works and why is may be a great option for remote real estate investors. ---   Tom: Hey listeners, Happy Saturday, we're trying a new thing where we're doing little micro episodes. And today we're going to be talking a little bit about the master lease as a little something over the weekend. We're here with Danny Plueddemann. And Danny, tell us about the master lease.   Danny: Yeah, yes. And most people think there's two options you are you going to self manage or hire a property manager, like, those are the only two options out there. And this is a third option, and it's better is better for me as a property manager, and usually is better for them. So yeah, I'm your tenant. So instead of hiring me to be your property manager, you rent the place to me directly. And I'll hit you up for discount on the rent for a long term lease, and I'll try to sublease it and it's for something higher, and I'll try to make money on the spread.   If I'm smart, if I'm doing do a great job, if I'm an awesome property manager, I'll make some money, but I'm responsible for that payment, whether the property is occupied or not. So I'm taking on all the vacancy costs, and I'm taking on a low maintenance cost. So I'll fix whatever's wrong, I'll pay you whether it's vacant or not. So there you go, steady income, and then I got skin in the game, you know what I mean? If I really care about, you know, property, managed to say, I'm gonna care about your property, just like mine, maybe, you know, but everybody understands that you're the one making the mortgage payment, the place goes vacant, you're the one who's replacing the water heater, if that breaks, so that's your problem. So this is the way you know, for, you know, really savvy investor that, you know, I know, my NOI is gonna be this much, can you match it? Beautiful, I'll do it. And then it's for other people. I mean, the last one I did was was a 23 year lease, she just wanted me to match her mortgage payment and pay your house off. That's it. So I'm gonna give her house back free and clear and 23 years, and she's thrilled. And then she's going to have an asset, you know, as free and clear before she had a liability. And she knew she had a liability because it was vacant, and she was cutting, cut the grass, pay the bills and pay the taxes, pay the insurance, and she was losing her mind. So we cut we call it the perfect tenant program. I'm your I'm your tenant, I'll rent it from you. That's it. And then. So anyway, hopefully that explains why it's better for the investor, and then why it's better for the property manager. Frankly, if we can get the landlords out of the way we can do a better job. I know, I know, there's not supposed to say that there's a lot of property managers out there clutching their hearts, they don't talk bad about landlord, but you know.   The asset is the tenant, you know, the house, a vacant house is a liability. So if we can focus on the tenant, and do a good job for the tenant, this is a strange business because we you know, the tenant is one that pays us, but the landlord's one that hires us. So we're always caught in between here's always posted, you know, we have to we have to deal with the landlord wants to know whether they're telling us to do the right thing or not. They're the one who hired us. So we got to do it that way. But then the person that paying us is the tenant, so we know how to make money. So anyway, that's kind of a long answer.   Tom: Yeah, it's an interesting program, you know, talking about different types of leases out there, and you miss out on a little bit of downside of if there's some major rent depreciation, but it's a little bit of a hedge of just, you know, vacancy where you're collecting that rent month in and month out,   Danny: Ideally, rental prices will go up. And I would benefit from that. On the other hand, if rental prices go down, like that in 2009, then I would take it on the chin, so we could but for the long term leases, I'm happy to build in this call an escalating lease where every five years it goes up 100 bucks. Hopefully, that'll cover your increases in taxes and insurance. Yeah, hopefully, there'll be some rental appreciation. And yeah, I can pay more, the longer the lease. And I think that's how much can you pay? Well, one way to do it is keeping good records. What did you net? What you net the last three years?   And if you had a turn, if you had an eviction, if you had anything that you'd probably net and you know, 60 70% of the gross? So absolutely, I can just match that. Another way to explain is what would you factor in for maintenance, vacancy and management, and, you know, just I'll just throw out the 10% for management 10% for maintenance, and 10% for vacancy. Maybe I'm high there's a lot of different ways to break it down between, you know, turn cough capex costs, BlackRock hedge fund, they're factoring 8% for maintenance, I thought that was interesting. And they started out at 6%. And then after they bought 20,000, single family homes, I think, a pretty good data set. Everybody's trying to figure out what their net would be. But that's another way to do it. And you know, maintenance is the biggest frustration between property managers and landlords. You know, there's just a high level of trust, I'm spending your money. Why aren't you getting any money this month? Well, because I replaced your water heater, why aren't you getting my next and this is a huge level of trust, huge source of potential conflict.   Michael: Danny, I love this concept. I think it's really cool. I've got some triple net lease stuff in my portfolio. And I love it. I mean, frankly, it's the easiest stuff ever. Just curious because this is kind of a modified triple net lease like Tom was alluding to. So I could see someone who hears this concept and say, well wait a minute, you as the property manager are renting this property from me and then turning around and subletting it, so couldn't actually be in your best interest to cut corners on expenses. So that way you make a better return. What would you say to someone that asked you that question?     Danny: That's great pushback. Thanks. What I would say is if you're worried about Yeah, deferred maintenance, I'm not gonna keep it up. Let's do this. Michael, instead of doing a five year lease, let's do a 15 year lease,   Michael: Boom, problem solved. I need you in the Midwest, Danny, this is great.                                                                                             Danny: Yeah, and that's how I'm doing like when I do a turn, when I'm doing a master lease, I'm going to spend more money than than the owner would have. I'm going to get the carpet out of there. I'm going to put an lvp for example, right. But I know how to take care of the tenant, I know how to keep the place occupied by keeping the tenant happy. That's the asset. Now I can just focus on the tenant. And I can you know, do the right thing without worry about anybody looking over my shoulder. And that's the key. That's the key to making this because if you're not a good property manager, don't even think about signing a 15 year lease, right? You're gonna lose your shirt.   Michael: You're gonna get cooked yeah.   Danny: And you know, I know it sounds cocky. I think I'm good enough property manager. I know how to do it. That's cool. You got triple net lease. Are those commercial or residential?   Michael: Commercial. Yeah. I've never heard of property managers doing this master leasing. Do you know of many others across the country that do? Are you kind of a unique beacon in this department?   Danny: No, I heard about it from a guy named David Tilney while he was in Colorado Springs. He's since moved the Florida. Yeah, but isn't shortlist isn't shortlist, I mean, I can give you half a dozen names of people that are doing it. Most property managers don't want to be on the hook to pay for maintenance.   Tom: They got to be good, or the, you know, the pm is going to be in the hole. I don't know, I think it's a really interesting lease, especially as a remote investor to kind of take that worry away from the day to day and it's like, you know, I have my lease, it may not be as high of a return if I was, but it's a way less risk and just kind of…   Michael: It's guaranteed, I'm doing something quite similar in investing in Portugal. And they do they just exactly like you do we call it a guaranteed return. So keep it over 4% 5% return on your money. And we'll take care of everything we'll manage it will lease it out. And we're just going to arbitrage make the difference on it. And if you're happy with the guaranteed return, we're happy with, you know, ours and everybody walks away happy. So I think it's a really cool model. To your point, Danny kind of speaks to the property managers competence. Because they're putting their money where their mouth is. Yep, you can manage this thing. Great. Do it and let's see you pay for it.   Danny: Yeah. And that's why it has to be long term lease, like five years a minimum, because any given year, even though I'm a great property manager, I'm just being cocky, but I might have an eviction and I might replace a water heater that you're sure I'm going negative. But that's okay. I got four more years. I think I can do it. Yeah. But you know, if you're thinking about selling your house and one or two years, that's a good reason to just hire a property manager and not do a master lease because it really does need to be a little bit more long term for the noi to even out.   Tom: Thank you Danny. And as always, happy investing.

"Let yourself of the hook for not knowing it before and set yourself up for success by choosing to learn it now & by choosing to have a financial education."- Christina Suter   Today I am talking about your financial education and how much that has impacted your life in the world of finances. If  noone has ever sat you down and described to you investing, stocks, notes, insurance, the rule of 72 or even savings and checking, it's time to let yourself off the hook so that you can begin learning today. It is not your fault that your parents did not educate you on finances, however at this point in your life, it is your responsibility to do something about it. You can start by choosing to educate yourself on what it means to be financially literate by taking courses, listening to podcasts like The Real Estate Breakthrough show, read books and begin by learning the basics and move forward from there. It's never too late to educate yourself on any topic, but I can guarantee you that a financial education should be a high priority if you want to set your life up and your family's life up for future wealth and success.   Topics Covered in this episode:    Financial education starts today  Let yourself off the hook for not being educated sooner Learn from the great like Bill Tan, Buddy Broome, Peter Fortunato, David Tilney, Gary Johnston and more Lifestyle Vs. Capital  How to develop your net worth  Paycheck=lifestyle  Ways to seek out financial education    Listen now and find out why Christina thinks mindset is the key to financial leadership. The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every week and learn everything you need to know to invest in real estate education and create real wealth for a lifetime.   Find our more about Christina here:  Website ChristinaSuter.com Facebook Christina  LinkedIn Christina Suter Instagram RealChristinaSuter Twitter RealChristinaS

"If you don't have systems in place you won't survive long term." -David Tilney   Today I am interviewing David Tilney who is one of the pioneers in master leasing also known as hassle free property management. David spent the past 35 years learning and implementing the master leasing concept, which he knew was the key to long term success in real estate. He has presented at my FIBI Pasadena meetings and host hassle free property seminars around the United States.    David Tilney: Started buying houses in 1978 and has been working in real estate since. After a few deals gone wrong, David discovered that it wasn't just acquisition that was important, it was also management. David continues to host hassle free property seminars as well as presents at meetings around the country.    TOPICS COVERED IN THE EPISODE Why strong management is key Why you need systems to survive long term  Gary Johnston  Timing is everything  Why you should stop working with banks Quality vs quantity  Why property managements biggest issues are the owners and not the tenants How to create the best master leasing contracts  Why not owning properties still gives you what you want  Why not all houses make good properties    Listen now and find out how David found his Real Estate Breakthrough! The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every week and learn everything you need to know to invest in real estate education and create real wealth for a lifetime.   Find our more about David here:  Website davidtilney.com Facebook Hassle Free Seminars LinkedIn David Tilney

In this episode of Ask Christina first, we talk to David Tilney who is an expert in hassle free property management. Being coined as one of the first people to introduce this type of investing to the market, David felt like he was at his end with trying to find good property management. David says that in the beginning getting it off the ground wasn't easy, however with persistence he began to see a turn around that gave him the okay that hassle free property management would work. This type of investing, David says, long term ownership and managing free and clear properties over time will produce an income regardless of your condition or situation. Meaning, you can make money in your sleep, on vacation, or enjoying time with family. “An empty house eats you, it does not pay you.” David explains to Christina that he views the property as the liability and the tenant as the asset. “The key to running this business is having people pay you.” Another great point to David’s strategy is that when vetting potential tenants he steers away from people who have either the victim or entitlement mentality. https://davidtilney.com/resources/property-management-resources/

Master leasing has been around for a long time and offers some good benefits for both the investor and the property owner. Join us for this episode as David discusses his experience and the many benefits of master leasing.

I love offering listeners fantastic benefits, such as some great discounts for products, with new offers coming all the time! You can see a complete list at propertymanagementmastermind.com. For all of these offers, use the discount code “Brad” to secure your discount. One more announcement before we get started! Our newest product at Property Management Mastermind is the Business Development Toolkit. In 2017, RentWerx organically grew by over 360 homes. In 2018, we’re on pace to grow another 500 homes. And best of all, we’ve done all of this without going out to meet the people and earn the business one door at a time. Tune in to learn more, or check out the toolkit online! If you aren’t completely satisfied with the product, we’ll give you a 100% rebate. Now, onto today’s episode. In this conversation, I’ll talk to David Tilney, who’s an expert on the fascinating topic of master leasing and has been putting on seminars on the topic for years. David and I will take a deep dive into the concepts behind master leasing, some of the history of it and how he came to apply it to the industry the way he does, and how you can apply it to what you’re doing in the property management world. This conversation will answer a lot of the questions that you might be looking at when you talk to owners who are fearful of everything. If you’re not familiar with the concept of master leasing, you’ll also learn the basics of what it is! In short, master leasing is when you lease a property from one entity and sub-lease it to another, and take your cut from the middle. It differs from property management in that you’re not working for the owner, and therefore don’t have a fiduciary responsibility to the owner. David did his first master lease in 1984, when he leased a house for 35 years at a fixed rent and secured his lease with a deed of trust. 10 years later, he was given half the appreciation of the property to remove his lease from the property when it was sold. In 1996, he cancelled all of his agency relationships and leased the properties that he used to manage because he felt he had more control in that process. In addition to all of this, you’ll also learn about how master leasing can be an entry into the world of property management, as well as some of its other benefits. David will talk about process for business development and finding owners who want to work with him, and why it’s so exciting (and sometimes fun) to be an entrepreneur. Here’s where you can find David: David Tilney David Tilney on LinkedIn Show Notes [02:40] - Brad takes a moment to introduce David. [03:36] - David gives us some history of what he’s been doing with master leasing and related seminars. [05:54] - In master leasing, who’s doing the maintenance, and how is it being paid for? [08:48] - David mentions that master leasing has been involved in the commercial market forever, and offers some examples. [11:33] - We learn about what David covers in his master leasing class. [14:31] - David talks about how long he’s been teaching about master leasing. [16:48] - Does David find that there’s less adversity in master leasing than there is in traditional property management? [18:59] - We hear about how David finds homeowners who are willing to lease to him. [23:57] - David currently has very few units under his umbrella, he reveals, and explains why that’s the case. [24:43] - Brad circles back to David’s seminars, and David talks about some upcoming seminars. If you want more information on the seminars, you can find out about them on David’s website at this link! [27:00] - David never has more than one seminar listed at a time, he explains. [29:42] - If you use the discount code “Brad,” you can get a discount on one of David’s seminars! [30:55] - Brad offers a quick side story. [32:02] - Many property managers own rentals themselves, but some don’t and don’t know how to get started, David points out. Links and Resources: adisarro@sccombank.com (619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank) Seacoast Commerce Bank RentWerx David Tilney David Tilney on LinkedIn NARPM

Today is a real treat because I will be talking with one of my friends and mentors, David Tilney. In my opinion, he's the best there is in the business. He will be sharing from his 40 years experience of being a landlord. A lot of people are scared of being a landlord because of the negative stories. But David will explain how it can be a great experience as he reveals 11 things tenants want from a landlord.

"This is episode #369, and my guest today is David Tilney. If you don’t know David yet, he’s legendary in the real estate investing industry, with nearly 40 years in the business, and a very unique approach to building wealth and cash flow with rentals. Today we talk about master leasing, which is a vehicle that allows you to generate cash flow from rentals, while never actually owning the property, and very commonly, never having to put cash into the deal, as you're not actually buying it. It also allows you to mitigate many of the risks that you'd have as an owner, as you never actually own the property! It’s a fascinating episode, and for those looking to build wealth through rentals without a lot of capital to start…I'm certain that you're going to learn some new techniques today! Please help me welcome David Tilney to the show.  Get your copy of our FREE "Profiting with Rental Properties" Guide! 

"This is episode #369, and my guest today is David Tilney. If you don’t know David yet, he’s legendary in the real estate investing industry, with nearly 40 years in the business, and a very unique approach to building wealth and cash flow with rentals. Today we talk about master leasing, which is a vehicle that allows you to generate cash flow from rentals, while never actually owning the property, and very commonly, never having to put cash into the deal, as you're not actually buying it. It also allows you to mitigate many of the risks that you'd have as an owner, as you never actually own the property! It’s a fascinating episode, and for those looking to build wealth through rentals without a lot of capital to start…I'm certain that you're going to learn some new techniques today! Please help me welcome David Tilney to the show. Get your copy of our FREE "Profiting with Rental Properties" Guide!

What if everything you thought you knew about property management was wrong? What if your properties were actually liabilities, and your greatest asset was your tenants? David Tilney tells us more in this fascinating episode of the FlipNerd.com Expert Interview! It's a great episode...don't miss it! For a limited time, access a FREE Master Class called the "Real Estate Millionaire Blueprint" HERE!