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With a reliable tenant, rental property can provide steady, hassle-free cash flow for years. Unfortunately, reliable tenants aren’t always easy to find, and the wrong renter can easily turn your investment-property dream into a nightmare. On today’s Real Estate Rockstars, James Wise of The Holton-Wise Property Group shares what can happen when you lease to a tenant from hell. He also discusses the red flags every landlord should watch for when screening tenants, which background checks to run, and what to expect when going through the eviction process. Don’t miss it! Learn more about your ad choices. Visit megaphone.fm/adchoices
James Wise is the Co-Founder of The Holton-Wise Property Group, a full service, real estate brokerage that operates in the Cleveland area. They support local homeowners in finding buyers and sellers as well as promoting Cleveland to international investors. Aside from being great at managing his business, James is known for his selling and underwriting of commercial and residential investment properties. But, the best testimony to his skills is how he ranks as the number one realtor in the world, as per the MLS stats, when it comes to multifamily and commercial property selling in Cuyahoga County (Cleveland). In this episode, James shares his thoughts on what it takes to not just start a real estate business, but to scale it to the highest level possible. James talks about his life before he got into real estate, how he met his partner, and the strategy they implemented that made everything work for their business. James also explains what it means to be number one and why you should never stop being the best in real estate industry. Thank you James for taking the time to share your advice on what it takes to be #1 in the real estate industry. Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com Connect with John Carney Facebook: @JohnCarneyOnline Twitter: @John_M_Carney Instagram: @johnm_carney © John Carney 2018
Target Market Insights: Multifamily Real Estate Marketing Tips
Cleveland, Ohio ranked as the #1 market for high-yields according to Marcus and Millichap’s “2017 Multifamily Investment Forecast.” With investors seeking the city’s strong cash flow, many turn to James Wise to help them invest in the market. James is the co-founder of Holton-Wise Property Group, which controls a portfolio worth $45 million. On this episode, he talks to us about where to invest in Cleveland, which areas he avoids and how he once had a couch thrown through a second story window. Key Market Insights The Cleveland metro market is one of the best real estate markets in the US for cash flow How Holton-Wise Property Group grew from $0 to $45 million portfolio in 3 years How to view the city grid of the Greater Cleveland Area Grading Cleveland Neighborhoods and suburbs Things you want to know about C-class neighborhoods and how to plan for them How point-of-sale clauses have created opportunities in four east side suburbs James’s recommendations for neighborhoods he tries to avoid The misconceptions of some out-of-town investors in Cleveland: Beware 1 Tip to Win in your Target Market ---> For every benefit there is a trade-off. Ask yourself why? One thing James does to stay focused on his goals? He constantly thinks about them, automates processes, and plans time for mundane tasks Resources The Ultimate Guide to Grading Cleveland Neighborhoods Crain’s Cleveland Business - http://www.crainscleveland.com/ Cleveland News - http://www.cleveland.com/ Best Business Books: Multiple Streams of Income by Robert G. Allen The Millionaire Real Estate Investor by Gary Keller Digital Resources Instagram Facebook Mailchimp (for Email Automation) Tweet This: “Know that there’s a give and take on every single thing. Every reward has its own risk.” – @jameshwpg "You gotta put up with stuff like couches going through a second story window during a thunderstorm." - @jameshwpg "If the rents are higher and prices are lower, it's not because you found a magical area" - @Jameshwpg Places to Grab a Bite in Cleveland: Romano’s Macaroni Grill in Strongsville, OH Connect with James: Website: http://www.holtonwisepropertygroup.com/ Twitter: twitter.com/jameswisehwpg Instagram: Instagram.com/jameswisehwpg Leave us a review and rating on iTunes or Stitcher. Be sure to check out more info at TargetMarketInsights.com.
On this episode, I chat with James Wise, real estate broker and owner of Holton Wise Property Group. James is a firm believer that to become a successful entrepreneur – whether in real estate or other ventures – you must “eat, sleep, live, and breathe your business.” Today, he shares the story of how he got started in the real estate industry, some of the challenges he and his partner faced early in his career, and why they decided to keep pushing forward to turn their real estate business into a multi-million-dollar success. You’ll find links to everything we discussed in this episode at
He does it all! He invests, he's a licensed real estate agent, and an insurance agent on top! He jumped into real estate by first investing in the lower class areas of Cleveland where someone stole stuff from his car! He now is more seasoned and is about to purchase a 4 Plex while waning his own commission through the transaction and insurance, this is an entertaining show you cannot miss!Best Ever Tweet: You need to ask more questions over the phone than anything else. Kevin Hoag real estate background: Real estate agent with Holton Wise Property Group based in Cleveland, Ohio Has leased over 75 rental units since becoming and agent in 2015 and is also a licensed insurance agent Real estate investor who has purchased and sold several turnkey rentals Say hi to him at: His Best Ever book: in iTunes. Listen to all episodes and get a FREE crash course on real estate investing at: Are you committed to transforming your life through Real Estate this year? If so, then go to and claim your FREE Coaching Session. Trevor is my personal real estate coach and I’ve been working with him for years. Spots are limited, so be sure to do it now before all the spots are gone. Have you tried REFM’s Valuate software yet? It makes investment analyses a breeze, and makes you look like you spent all week on them. Go to to sign up today. Subscribe in and so you don’t miss an episode!
Cry at your desk with James Wise (CFFL 0015) Jack Butala: James Wise is a licensed real estate broker. His company, The Holton-Wise Property Group, operates one of the largest scattered site rental property portfolios in the Cleveland, Ohio area. They cater to investors, both local and out of state, and want to build a long-term wealth program through passive income investing. He's always had a passion for real estate investing. He purchased his first property at the age of 21 and never has looked back. He's been a guest speaker on several real estate investment internet radio shows and podcasts. He regularly writes blogs and articles about real estate investing. James is a lifelong resident of the greater Cleveland area. He's an active member of the national association of realtors and the Ackeron-Cleveland association of realtors. He holds an associate's degree in business management from Cayahoga Community College. Jill, you're like 21, how's it feel? You guys have kind of kindred spirits. Same kind of investing age. Jill DeWit: Say that again? I'm 21. I like that. Thank you. Jack Butala: No, James did I leave anything out? James Wise: Nope, I think you hit everything on the head. Jack Butala: Excellent. Jill DeWit: You threw me on that. That was good, thank you. Jack Butala: Yeah. Well no I mean, all kidding aside, Jill can you imagine starting this when you're 21? Jill DeWit: Oh my goodness, and staying with it. We kind of did. I did, Ben and I got this ... I don't know, like I'm supposed to have the corporate whatever job and I got sidetracked. I wish I would have stayed with it. Jack Butala: I went in public accounting and then I bought a rental house and I sold it, and I horsed around with a bunch of stuff for 10 years, and then finally ... Jill DeWit: Right, it all comes back. Jack Butala: James I got to know. What pushed you over the edge at such an early age? James Wise: I always wanted to be a landlord. That was like my dream. I don't know why, I just thought that was a great business model that I wanted to do. You buy a house using somebody else's money, and then somebody else pays off your loan. As soon as I heard that I'm like sold. Jack Butala: The switch just flipped in your head and that was it. James Wise: I'm like ah, greatest idea ever. Sign me up. Jack Butala: Did you ever want to be a fireman or a baseball player or just a landlord? James Wise: I mean I'm sure I wanted to be a baseball player around the age of like 10. I'm not much of an athlete, so that quickly went to the wayside. Jack Butala: Who are you in your professional industry, like explain your niche and how many units you guys have. Give us a good solid overview. James Wise: Okay. Yeah. The Holton-Wise Property Group, we're located in Cleveland. We work the west side of Cleveland and some surrounding suburbs. Brookland, Lakewood, Parma. We do scattered site property management. We're a full service brokerage, so we do residential sales as well. Mostly we're geared towards the investor. Our main objective is to help people buy rental properties and then we take over the management. Our typical client is going to be out of state. High net worth individual that doesn't have a lot of time or perhaps they're in a market like LA where the prices are incredibly high, and they see the prices we have out here in Cleveland and they're like "Wow! That's pretty cheap! I couldn't even get a parking lot for that over here." That's what we do. Right now we're getting close to 300 units under management. Of that, my partner and I,
Cry at your desk with James Wise (CFFL 0015) Jack Butala: James Wise is a licensed real estate broker. His company, The Holton-Wise Property Group, operates one of the largest scattered site rental property portfolios in the Cleveland, Ohio area. They cater to investors, both local and out of state, and want to build a long-term wealth program through passive income investing. He's always had a passion for real estate investing. He purchased his first property at the age of 21 and never has looked back. He's been a guest speaker on several real estate investment internet radio shows and podcasts. He regularly writes blogs and articles about real estate investing. James is a lifelong resident of the greater Cleveland area. He's an active member of the national association of realtors and the Ackeron-Cleveland association of realtors. He holds an associate's degree in business management from Cayahoga Community College. Jill, you're like 21, how's it feel? You guys have kind of kindred spirits. Same kind of investing age. Jill DeWit: Say that again? I'm 21. I like that. Thank you. Jack Butala: No, James did I leave anything out? James Wise: Nope, I think you hit everything on the head. Jack Butala: Excellent. Jill DeWit: You threw me on that. That was good, thank you. Jack Butala: Yeah. Well no I mean, all kidding aside, Jill can you imagine starting this when you're 21? Jill DeWit: Oh my goodness, and staying with it. We kind of did. I did, Ben and I got this ... I don't know, like I'm supposed to have the corporate whatever job and I got sidetracked. I wish I would have stayed with it. Jack Butala: I went in public accounting and then I bought a rental house and I sold it, and I horsed around with a bunch of stuff for 10 years, and then finally ... Jill DeWit: Right, it all comes back. Jack Butala: James I got to know. What pushed you over the edge at such an early age? James Wise: I always wanted to be a landlord. That was like my dream. I don't know why, I just thought that was a great business model that I wanted to do. You buy a house using somebody else's money, and then somebody else pays off your loan. As soon as I heard that I'm like sold. Jack Butala: The switch just flipped in your head and that was it. James Wise: I'm like ah, greatest idea ever. Sign me up. Jack Butala: Did you ever want to be a fireman or a baseball player or just a landlord? James Wise: I mean I'm sure I wanted to be a baseball player around the age of like 10. I'm not much of an athlete, so that quickly went to the wayside. Jack Butala: Who are you in your professional industry, like explain your niche and how many units you guys have. Give us a good solid overview. James Wise: Okay. Yeah. The Holton-Wise Property Group, we're located in Cleveland. We work the west side of Cleveland and some surrounding suburbs. Brookland, Lakewood, Parma. We do scattered site property management. We're a full service brokerage, so we do residential sales as well. Mostly we're geared towards the investor. Our main objective is to help people buy rental properties and then we take over the management. Our typical client is going to be out of state. High net worth individual that doesn't have a lot of time or perhaps they're in a market like LA where the prices are incredibly high, and they see the prices we have out here in Cleveland and they're like "Wow! That's pretty cheap! I couldn't even get a parking lot for that over here." That's what we do. Right now we're getting close to 300 units under management. Of that, my partner and I,
On this Best Deal Ever Episode we are joined by James Wise of the Holton Wise Property Group out of Cleveland, OH. James has basically perfected the single family rental market in Cleveland and talks with us about how he sources deals and manages them for investors. He also shares with us his Best Deal Ever which is an apartment deal he was able to piece together in a VERY tight time frame. Tune in to today's episode to find out how he pulled this off! You can learn more about his business at HoltonWisePropertyGroup.com
Today’s Best Ever guest knows Cleveland like the back of his hand…basketball and real estate! He shares with us his Best Ever practices in order to make sure a rental is kept in good shape, how to determine a good market to invest in and why it is SO important to do your due diligence. Best Ever Tweet: You gotta keep your systems in place and adhere to your systems. James Wise’s real estate background: - Co-founder of The Holton Wise Property Group based in Cleveland, Ohio - Real estate broker and his company manages a portfolio of about 250 rental units where they own about 100 of those units - Say hi to him at - Huge Cleveland Cavaliers fan Subscribe in and so you don't miss an episode! Made Possible Because of Our Best Ever Sponsors: - Want to learn more about crowdfunding? Let the leading expert in the crowdfunding space, Patch of Land, give you all the info you need to get started. Grab your FREE copy of Top Ten Answers to the Top Ten Crowdfunding Questions at - Tired of spending HOURS running the numbers on deals that don’t work? Former Best Ever guest, Bruce Kirsch has the solution! Go to to get your FREE version of his software to evaluate deals.