Podcasts about rentals

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Agreement where a payment is made for the temporary use of a good, service or property owned by another

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Best podcasts about rentals

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Latest podcast episodes about rentals

Straight Up Chicago Investor
Episode 106: Restoring Pilsen's Old World Architecture Since 1998 with Gordy Payne

Straight Up Chicago Investor

Play Episode Listen Later Dec 2, 2021 46:36


From toilets falling through ceilings, to gentrification, Gordy Payne has seen it all as a hands-on owner in Pilsen. Gordy took a chance on Pilsen due to its proximity to downtown and made a name for himself for his ability to restore beautiful vintage buildings. He fully committed to the community, and for this, the community has treated him well.    Gordy provides a summarized oral history of Pilsen over the last two decades while pointing out rehab gotchas, investor nuggets, and local street-level nuances that all investors new or experienced can learn from.  Tune in, get inspired, and learn something new.....and then leave us that review :) Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Gordy Payne from Pilsen Apts LLC | Email Gordy (pilsenapts@gmail.com) Link: Two New Affordable Developments Planned for Pilsen Sponsors: Appeal.tax and Pentwater Cabinetry ----------------- Guest Questions 04:30 City Of Chicago will fine you if you don't shovel your sidewalks! 07:18 What was the Neighborhood of Pilsen like in the 1990s? 10:59 What makes Pilsen residents so protective over their neighborhood? 13:28 Why was Pilsen attractive to investors in the early 2000s? 17:51 What is unique about the construction in Pilsen that Chicago investors need to plan for? 23:08 -What makes Pilsen floor plans unique? 24:22 What are potential tenant expectations in Pilsen, Chicago? 26:23 What year did Pilsen really start to turn into a neighborhood? 28:16 What does new construction look like in Pilsen? 33:54 What is the difference between the neighborhood Heart Of Chicago and Pilsen? 36:35 How has the City Of Chicago supported change in Pilsen? 38:33 Secret to success for Landlords in Pilsen. Wrap Up Questions 44:44 What is your competitive advantage?  45:50 You must fall in love with your property! 46:47 What do you do for fun?  47:11 Self Development activity?  48:09 Local Network Recommendation?  That's our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.

Axios Today
An investigation into AirBnb rentals in China

Axios Today

Play Episode Listen Later Nov 30, 2021 11:09


Axios' Bethany Allen-Ebrahimian found Airbnb has more than a dozen homes available for rent in China's Xinjiang region, on land owned by the Xinjiang Production and Construction Corps, an organization sanctioned by the U.S. for complicity in genocide and forced labor. Plus, the new lure of "buy now, pay later" online. And, on this Giving Tuesday - how one CEO views philanthropy. Guests: Axios' Bethany Allen-Ebrahimian and Erica Pandey; and CAVA CEO Brett Shulman. Credits: Axios Today is produced in partnership with Pushkin Industries. The team includes Niala Boodhoo, Sara Kehaulani Goo, Julia Redpath, Alexandra Botti, Nuria Marquez Martinez, Alex Sugiura, Sabeena Singhani, David Toledo and Jayk Cherry. Music is composed by Evan Viola. You can reach us at podcasts@axios.com. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893. Learn more about your ad choices. Visit megaphone.fm/adchoices

Straight Up Chicago Investor
Episode 105: Straight Up Tues Tip 17

Straight Up Chicago Investor

Play Episode Listen Later Nov 30, 2021 13:37


What are tactical steps to follow when sending, responding, and tracking mailers? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Sharad Mehta of REsimpli ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.

YoteCast
Coyote Brotherhood Feature - Dave Hultgren

YoteCast

Play Episode Listen Later Nov 28, 2021 7:58


The Coyote Brotherhood Feature airs each week during halftime of the Coyote football broadcast on the Coyote Sports Network. It is presented each week by Boen & Associates, Pizza Ranch-Sioux Falls (41st St Location), Maguire Iron and Hogen Haus Properties and Rentals. This week the conversation is with Dave Hultgren.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Amelia & Sherrick, What are you doing?!
#84 - Blockbuster & Video Rentals

Amelia & Sherrick, What are you doing?!

Play Episode Listen Later Nov 26, 2021 75:05


Or that time Amelia & Sherrick got a dope deal on renting Mission Impossible, A Goofy Movie, It Takes Two with the Olsen Twins, and Groundhog day but couldn't watch them all before they had to be returned. This week, Amelia and Sherrick Discuss Video Rentals, because once upon a time that was how you consumed visual media on a temporary basis! Amelia also educates us on The Last Blockbuster documentary, and we chronicle the fall of physical rental stores from the lens of our personal experience. Special thanks to JM Gibson (Twitter @jeanmariegibson) for editing! Amelia WTF Is This: https://twitter.com/ASWAYDpod That's right, they're on our twitter and Instagram feeds now! https://www.instagram.com/aswaydpod/ MERCH STUFF: https://shop.spreadshirt.com/ablacksparrow Buddha by Kontekst https://soundcloud.com/kontekstmusic Creative Commons — Attribution 3.0 Unported— CC BY 3.0 http://creativecommons.org/licenses/by/3.0/ Music promoted by Audio Library https://youtu.be/b6jK2t3lcRs

Straight Up Chicago Investor
Episode 104: From Unpaid Intern to Running the City of Chicago's Building Department

Straight Up Chicago Investor

Play Episode Listen Later Nov 24, 2021 51:40


Today, Tom and Mark have an excellent conversation with Judy Frydland, who served as the commissioner of buildings for the City of Chicago from 2015-2020. A lot happened under her leadership including the streamlining of the permit process to make it simpler and more efficient than ever to get work done. Listen in on her story for some excellent advice on life and business and where Chicago is going from here. If you like today's episode, be sure to leave us a review and share it with a friend. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Judy Frydland Link: Alternative Code Approval Request (ACAR) Process Link: Michael Glasser. - President - Magellen Properties Sponsors: Appeal.tax and Cost Seg Kev ----------------- Guest Questions Career progression and permit process changing 7:30 What was the hardest obstacle when transforming the department? 26:00 Nuances regarding Chicago building code? 28:15 What are you spending time on now? 32:30 What would you like to see more of? 34:30 Thoughts on ADU ordinance? 37:00 Wrap Up Questions What was your competitive advantage? 42:30 Advice for new investors? 45:00 What do you do for fun? 46:20 Self development activity? 47:40 Network recommendation? 48:15 How can we learn more about you? 49:15 That's our show! See you next week! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.

YoteCast
Coyote Brotherhood Feature - Tim Hood

YoteCast

Play Episode Listen Later Nov 21, 2021 12:58


The Coyote Brotherhood Feature airs each week during halftime of the Coyote football broadcast on the Coyote Sports Network. It is presented each week by Boen & Associates, Pizza Ranch-Sioux Falls (41st St Location), Maguire Iron and Hogen Haus Properties and Rentals. This week the conversation is with Tim Hood. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The National Intel Report with John Stadtmiller
The National Intel Report with John Stadtmiller, November 18, 2021 Hour 2

The National Intel Report with John Stadtmiller

Play Episode Listen Later Nov 19, 2021 60:00


Guest Host: Tom D. | Guest: Ron O'Donnell | WORLD-WIDE ECONOMIC CRISIS: Mortgages, Rentals, Tenants, Foreclosures, Evictions

The National Intel Report with John Stadtmiller
The National Intel Report with John Stadtmiller, November 18, 2021 Hour 1

The National Intel Report with John Stadtmiller

Play Episode Listen Later Nov 18, 2021 60:00


Guest Host: Tom D. | Guest: Ron O'Donnell | WORLD-WIDE ECONOMIC CRISIS: Mortgages, Rentals, Tenants, Foreclosures, Evictions

Straight Up Chicago Investor
Episode 103: How to Handle Mold in Chicago with Greg Bukowski and Devin Renberg

Straight Up Chicago Investor

Play Episode Listen Later Nov 18, 2021 43:04


MOLD! It's the scary four-letter word that investors never want to hear and it does not belong in a healthy property. However, a basic understanding of mold and its misconceptions in the marketplace will make you a better investor.  After having a bad experience with a mold company, investor Greg Bukowsi saw a need in the market and made it his mission to assist similar investors with mold issues. In today's episode, Greg and Devin explain what causes mold, why the Chicago market is ripe for mold problems, and how to analyze and tackle mold issues small or large.  Please take ten seconds and leave us a review!!!! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Greg Bukowski and Devin Renberg of Moldman Chicago & St. Louis Link: Reducing Your Exposure To Mold Link: Mold and Your Health Link: Mold Sponsors: Appeal.tax and Essex ----------------- Guest Questions Get ready for winter, avoid frozen pipe lines. 01:20  Why I love being in the mold business 10:23   Key conditions for mold to grow 15:18  How do you know if there is mold behind the drywall?18:36  Protect yourself before buying mold issues 19:52 What is the root cause of Mold in Chicago or the Midwest? 22:28 Is it smart to use a store bought mold kit? 24:34 The relation between humidity and mold 26:54 How can I prevent mold in Chicago garden apartments 31:13 Wrap Up Questions Good news...it isn't always mold! 33:01 Difference between black mold & regular mold? 35:02  What to say as a Chicago landlord when mold is reported by a tenant 39:45 What makes a great mold vendor in Chicago? 43:54 One specific piece of advice you would tell someone that is yet to buy their first property here in the Chicagoland area. 45:26  That's our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.

Living Off Rentals
#92 - Over 100% Higher Cash Flow on Affordable Rentals Using This Strategy - Atticus LeBlanc

Living Off Rentals

Play Episode Listen Later Nov 17, 2021 47:00


Our guest has 16 years of experience as an entrepreneur in real estate. He's also a self-proclaimed housing nerd with a bias for action Joining me on the show is Atticus LeBlanc. He is the founder and CEO of PadSplit, an affordable housing tech startup based in Atlanta that provides a house-sharing service for tenants and helps the property owner get to financial independence.  In this episode, Atticus dives into his shared housing program—how it works, who it is for, and how it compares to short-term rentals. He breaks down the numbers that people need to consider if they're thinking of getting involved with PadSplit. He also weighs in on the future of affordable housing. Learn how to get creative and boost cash flow as a landlord in this crazy expensive environment! Key Takeaways [02:13] Atticus' background and how PadSplit came to be [04:50] How PadSplit operates [10:58] The ideal landlord or investor [14:55] What PadSplit does when it approaches a new market [19:25] How it manages to achieve high turnover and collection rates [24:12] Separate the financial issues from the social issues [28:35] About damage deposits [31:55] How much you could potentially net from the shared housing model [41:35] Atticus' outlook on affordable housing Links PadSplit - https://www.padsplit.com/ Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1 Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals Living Off Rentals Website - www.livingoffrentals.com Living Off Rentals Instagram - www.instagram.com/livingoffrentals

Rich Doc Poor Doc
The benefits of mid-term rentals with Brian Payne

Rich Doc Poor Doc

Play Episode Listen Later Nov 17, 2021 34:30


Are you looking for a way to increase cashflow from your property but don't want to deal with the hassles of a short-term rental? Or maybe you are in a situation where the City or HOA instituted new regulations that prevent you from using your property as a short-term rental. Enter mid-term rentals. Mid-term rentals are furnished rentals that you rent out for somewhere in between a short-term rental and a long-term rentals. These are your 30, 60 or 90 day stays. Brian Payne, CEO and co-founder of Furnished Finder, specializes in helping you find tenants for your mid-term rental. This site is a well known resource among traveling healthcare professionals but maybe not as familiar to investors who own properties that could potentially be ideal for mid-term stays. So if you're looking for a way to increase your cashflow or get around those short-term rental regulations, consider a mid-term rental for your next property. Follow Brian Payne to learn more and connect below! www.furnishedfinder.com brian@furnishedfinder.com Semi-Retired M.D. and its owners', presenters', and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

Straight Up Chicago Investor
Episode 102: Straight Up Tues Tip 16

Straight Up Chicago Investor

Play Episode Listen Later Nov 16, 2021 17:19


How do I pull information and begin a direct mailing campaign? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Sharad Mehta of REsimpli ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.

Rental Income Podcast With Dan Lane
Investing In Simple Move-In Ready Rentals With Zach Kennedy (Ep 341)

Rental Income Podcast With Dan Lane

Play Episode Listen Later Nov 16, 2021 23:32


Zach has a full-time job and doesn't have time to do any complicated strategies to find rentals or take on a rehab project. He's been buying properties that need minimal fixes that can be rented out as soon as he closes on them.On this episode we talk about how Zach has been building his portfolio, we take a look at one of his deals, and talk about how he has overcome a few challenges.

The A Game Podcast: Real Estate Investing For Entrepreneurs
Making Millions in Airbnb, Cryptocurrencies & Monetizing Social Media | Austin Rutherford

The A Game Podcast: Real Estate Investing For Entrepreneurs

Play Episode Listen Later Nov 15, 2021 63:08


Join Nick Lamagna on The A Game Podcast with guest real estate investor, cryptocurrency expert and social media sensation and founder of, "Elevate Life," Austin Rutherford!  Austin Is the author of, "From Valet To Millionaire," and is a powerhouse entrepreneur making millions and learning lifetimes of valuable lessons all before turning 30!  He discusses in this episode the benefits of adding buy and hold long and short term rentals to his real estate investing portfolio.  Along with finding ways to grow and monetize a massive social media following on such platforms as Instagram and TikTok he has also become a go to source for investing in cryptocurrencies such as bitcoin!  Austin shares tons of direct knowledge and answers you can implement right away in this episode on how to make smart decisions and reduce risk in real estate, cryptocurrency and strategy to grow and monetize your social media! Check the show notes to find all the ways to connect with Austin and make sure to contact Nick to start getting into some real estate deals together! Topics this episode include: ✅ Three things that can make you money in today's world ✅ Raising money if you have no experience ✅ How to setup payments with your contractor to not get screwed ✅ Should you be flipping or holding your properties? ✅ What is the #1 reasons investors go bankrupt ✅ How to analyze a property and market for a short term rental ✅ How to monetize your social media ✅ Why bitcoin and Cryptocurrency is an opportunity of a lifetime ✅ Comparing a real estate deal to a cryptocurrency trade Need to borrow money for Real Estate?  Email Morse@nationwidebcg.com and tell her The A Game Podcast sent you or look under affiliates by clicking here   --- Connect with Austin on: https://theaustinrutherford.com/ Austin Rutherford on Instagram Austin Rutherford on Facebook Austin Rutherford on LinkedIn Austin Rutherford on Twitter Austin Rutherford on Youtube Austin Rutherford on TikTok --- Connect with Nick Lamagna www.NickNickNick.com Click Here for all social media links and podcast options Free Checklist On How To Add Value To Your Buyers Like what you hear? Leave a rating & review by clicking here     

Millionaires Unveiled
212: Net Worth of 1M - House Hacking to Five Rentals

Millionaires Unveiled

Play Episode Listen Later Nov 15, 2021 47:51


Nick has a current net worth of over one million dollars, of which 65% is invested in single family real estate. He has five single family rentals and a primary residence. Once paid off, the homes should cash flow about 60K annually. Three of the rentals are former primary residences. Nick discusses property management and the tools and systems he uses to manage successfully. He also walks through a typical deal including the purchase price, mortgage amount, monthly payments, and cash flow. https://forms.gle/XAGyrWhZGzjqRtgt6

YoteCast
Coyote Brotherhood Feature - John House

YoteCast

Play Episode Listen Later Nov 14, 2021 8:27


The Coyote Brotherhood Feature airs each week during halftime of the Coyote football broadcast on the Coyote Sports Network. It is presented each week by Boen & Associates, Pizza Ranch-Sioux Falls (41st St Location), Maguire Iron and Hogen Haus Properties and Rentals. This week the conversation is with John House. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Tim Conway Jr. on Demand
Hour 3 | Helicopter Rentals and Florida wants In n Out @ConwayShow

Tim Conway Jr. on Demand

Play Episode Listen Later Nov 12, 2021 29:42


Magic of Lights Anaheim - Brent Pegler // Rented helicopter / Cro mooned all the hostsBiden comments // Tim's lawn mower and humidifier // In n out won't open new locations

Straight Up Chicago Investor
Episode 101: Investing in Will County: Mokena, Frankfort, and New Lenox with Jason Marcordes

Straight Up Chicago Investor

Play Episode Listen Later Nov 11, 2021 43:13


Will County is one of the fastest growing counties in Illinois, and when compared to Cook County, it offers a faster growth rate and a lot more room for development and expansion. As a second generation property manager and investor, Jason Marcodes from Landmark Property Manager, not only grew up in Will County, but grew up in the business. Today he outlines the economic growth in the far south and southwest suburbs while providing valuable data regarding population expansion in Mokena, Frankfort and New Lenox. Jason also explains how investors can find this information and leverage it to predict future growth.  Listen in and if you find value in today's episode, please leave us a review! Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jason Marcordes of Landmark Realty Group Link: Will County Illinois Link: Will County Illinois > Residents > Property Taxes and Fees Link: Will County, Illinois Population 2021 Link: Economic Development - Mokena IL Sponsor: Appeal.tax ----------------- Guest Questions Housing Provider Tip of the Week 3:41 Guest Intro 6:54  How does Will County differ from Cook County 8:34 What to expect when investing in Mokena 10:39  Where is there opportunity in Mokena? 11:41 Real estate investing in Will County vs Cook County 13:46 Real estate investing & housing stock in Mokena 16:17 Property taxes in Mokena, Will County 20:51 The explosive growth in New Lenox 24:31 Wrap Up Questions How difficult Is It to be A housing provider in Will County? 26:50 Mokena's Comprehensive Plan for a Growing population 28:00 Housing stocks in Mokena, New Lenox, and Frankfurt 29:27 As an investor where can I research statistics and growth plans? 31:39 Who lives in Frankfort, Illinois? 35:55 Dealing with the Village in New Lenox & Frankfort 39:27  Is There an opportunity to invest In Manhattan? 43:10 Looking To buy my 1st Investment in Mokena, Frankfort, or New Lenox 50:09 That's our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.

Rental Income Podcast With Dan Lane
How He Paid Off A Few Rentals To Fund His Retirement With Tom Clark (Ep 340)

Rental Income Podcast With Dan Lane

Play Episode Listen Later Nov 9, 2021 24:59


Tom knew that he needed to come up with a plan for retirement income. He figured out that if he bought a few rental properties and worked on getting them paid off he would be able to generate enough income to support himself.On this episode, we talk about how Tom got started with just a little bit of money, and how he paid off his properties.We also talk about some of the challenges that Tom faced along the way, and how he overcame them.

VPR News Podcast
Roaches and broken locks: Mark and Rick Bove's growing empire of affordable rentals vexes code enforcers, Pt. 3

VPR News Podcast

Play Episode Listen Later Nov 8, 2021 7:17


A new investigation by VPR and Seven Days found that one of the bigger landlords in the state, Rick Bove, has neglected routine maintenance at many of his properties in recent years, including violating housing codes intended to protect the health and safety of tenants. And regulators have done little to stop him.The news organizations also found that many tenants even had trouble getting back money owed to them. As VPR's Liam Elder-Connors reports in part 3 of this series, nearly a dozen former tenants have sued Bove to reclaim their security deposit.

The Paid Search Podcast | A Weekly Podcast About Google Ads and Online Marketing

Please support our sponsors because they make the show possible!Get Opteo for free for two months - https://opteo.com/psp2Jason Rothman - https://rothmanppc.com/Chris Schaeffer - https://www.chrisschaeffer.com/Show Notes:In our last episode, we talked about how the loosening of match types has changed our approach to the way we select keywords and concluded that longtail keywords are on the way out. This week we're defining longtail keywords, why we used them, why they're “dead,” and why we've replaced them with “full context” keywords. Chris also breaks down several match-type agnostic examples that help explain the concept for a wide variety of industries. (4:11) What is a longtail keyword?Keywords that are 3+ words in length that go beyond an action term plus a core term; super low volume, highly niched keywords(9:18) Why did we use longtail keywords used?Word to word targeting used to be possible(12:07) Why are longtail keywords dead?With the loosening of match types, now we have to match idea to idea/topic to topic/theme to theme; search results are more individualized based on other data(16:42) What is a “full context keyword”?3 or more words that express a complete thought that define the search firmly in the search funnelExamples by industry –(24:17) Medical technology(27:41) E-commerce(33:00) Rentals(37:57) Furniture(45:42) Home services(47:57) Travel We need your help! Please help us grow the show:If you don't mind, please leave us a rating and review where you listen to podcasts and share the show with friends because it helps us grow the show and create more content. Send us your questions here - https://paidsearchpodcast.com/contact-us/   First 100 Episodes - https://paidsearchpodcast.com/archive/   Adventures by A Himitsu https://soundcloud.com/a-himitsuCreative Commons — Attribution 3.0 Unported— CC BY 3.0Free Download / Stream: http://bit.ly/2Pj0MtTMusic released by Argofox https://youtu.be/8BXNwnxaVQEMusic promoted by Audio Library https://youtu.be/MkNeIUgNPQ8 

YoteCast
Coyote Brotherhood Feature - David Bush

YoteCast

Play Episode Listen Later Nov 7, 2021 10:25


The Coyote Brotherhood Feature airs each week during halftime of the Coyote football broadcast on the Coyote Sports Network. It is presented each week by Boen & Associates, Pizza Ranch-Sioux Falls (41st St Location), Maguire Iron and Hogen Haus Properties and Rentals. This week the conversation is with David Bush. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

VPR News Podcast
Roaches and broken locks: Mark and Rick Bove's growing empire of affordable rentals vexes code enforcers, Pt. 2

VPR News Podcast

Play Episode Listen Later Nov 5, 2021 10:58


Part 2: Hear reporters Liam Elder-Connors and Derek Brouwer talk about their findings from the latest joint investigation by Vermont Public Radio and Seven Days.Read or listen to the full investigation, here.

BiggerPockets Daily
387 - Should You Use a Hard Money Loan for Rentals? by Nathan Brooks

BiggerPockets Daily

Play Episode Listen Later Nov 5, 2021 13:44


https://www.biggerpockets.com/blog/hard-money-loan-rentalsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

VPR News Podcast
Roaches and broken locks: Mark and Rick Bove's growing empire of affordable rentals vexes code enforcers

VPR News Podcast

Play Episode Listen Later Nov 4, 2021 10:58


In Vermont's housing landscape, a landlord like Rick Bove, should fill an important role. Most of his apartment buildings are newer, built in the last 40 years. They're not fancy but they're designed to be functional and affordable.Bove, who's family is better known for their pasta sauce business, is one of the bigger landlords in Vermont. He has more than 400 units across multiple towns. But a joint investigation by VPR and Seven Days has found that Bove frequently neglects routine maintenance, including serious health and safety issues - leaving tenants in substandard housing. The news organizations also found that regulators have failed to consistently enforce housing standards while Bove continues to receive public subsidies.

Straight Up Chicago Investor
Episode 100: A Group of Straight Up Chicago Investors Celebrate The Live Recording of Episode 100

Straight Up Chicago Investor

Play Episode Listen Later Nov 4, 2021 24:49


In our first live recording, we celebrate 100 episodes by asking questions to the audience (see how many answers you know) and also answering multiple questions from attendees. We discuss our favorite parts of the podcast, lessons learned from interviewing multiple Chicago rockstars, whom we still want to interview, and the future of the Straight Up Chicago Investor Podcast.  A sincere thank you to all who have listened, supported, and shared our content. We strongly believe in this community that you are helping to shape and we look forward to doing another 100 episodes with you. "I give you Chicago. It is not London and Harvard. It is not Paris and buttermilk. It is American in every chitling and sparerib. It is alive from snout to tail." —H. L. Mencken, journalist and cultural critic Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.

Old Fashioned Real Estate  Show
Stop Under Improving Your Rentals

Old Fashioned Real Estate Show

Play Episode Listen Later Nov 3, 2021 14:10


In this episode we share how to make decisions about what to improve and when to renovate your rental units. Ever wonder if you should you put in granite or hard surface floors? In this episode we explain how we think about it and how it can impact your long term success. We are currently offering a free cost segregation benefit analysis. For more info see the episode we did on cost segregations https://youtu.be/nOnYBIAYOC0 For more information about us check out our website http://www.oldfashionedrealestate.com We also have amazing gear available in our online store on that site. For more information about Jeff check out http://www.jeffreyholst.com

Working Capital The Real Estate Podcast
Building Wealth from Rentals with Ashley Kehr | EP77

Working Capital The Real Estate Podcast

Play Episode Listen Later Nov 3, 2021 47:07


Ashley Kehr Holds Degrees in Financing and Public Accounting and is a License Insurance Agent. She Purchased Her First Rental Property in 2014 and since then has Grown her Buy and Hold Portfolio Consisting of Residential Property, Commercial Property and Mobile Home Parks. Ashley is also the co-host of the BiggerPockets Real Estate Rookie Podcast with a Goal to help Newbies figure out the Actionable Steps Necessary to get their first deal. Currently, Ashley lives near Buffalo, NY on a Dairy Farm with her husband and three boys. She Spends most of her time Educating New Investors, Analyzing deals, Seeking the Next Adventure, and living a spontaneous life. In this episode we talked about: Ashley's Bio & Background Property Management The First Duplex Deal Investing in Mobile Home Parks A Pivot to Camp Grounds The Underwriting for Camp Grounds Regulatory Environment The Philosophy of the Trade-off between Potential Income and Value Real Estate Risks and Opportunities in the Next 2 years Mentorship, Resources and Lessons Learned Useful links: https://www.instagram.com/wealthfromrentals/?hl=en Transcriptions: Jesse (0s): Welcome to the working capital real estate podcast. My name is Jesper galley. And on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. Ladies and gentlemen, my name is Jesper gala and you're listening to working capital the real estate podcast. My special guest today is Ashley Kerr. Ashley holds degrees in finance and public accounting and is a licensed insurance agent.   She purchased her first rental property in 2014 and has since grown her buy and hold portfolio consisting of residential property, commercial property and mobile home parks. Ashley is also the cohort cohost of the bigger pockets, real estate rookie podcast with a goal to help newbies in real estate, figure out the actual steps necessary to get their first deal. Currently. Ashley, we just talked about this. You live near Buffalo, New York on a dairy farm of all things with your husband and three boys. How are you doing   Ashley (1m 2s): Good. Thank you so much for having   Jesse (1m 3s): Me right on. So I guess just on that, on that point, you are in Buffalo, so we're probably just a two hour drive away from each other. The dairy farm is that that's a family run thing or?   Ashley (1m 15s): Yeah, so my husband's family, he's third generation. And basically when I moved out of my parents' house, I moved to here and lived down the pharmacist.   Jesse (1m 25s): I love it. We were just chatting before the show. I'm kind of on the heels of, of BP con in new Orleans. Ashley was, you were speaking on a panel, you mentioned before. It was a panel of, I guess, women in real estate. Is that correct?   Ashley (1m 40s): It was all about women that have succeeded in real estate and their advice to inspire other women to get started.   Jesse (1m 49s): Awesome. Great. Well, like they can attest to the fact that we had a great time out there. Didn't cross paths at this time, but maybe next year at next BB con.   Ashley (2m 0s): Yeah, definitely. I there's so many people there so many awesome people to me, it's hard to even get from point a to B because you just run into people. Maybe you met online or people you wanted to meet or just, you know, somebody that comes up to you that heard your story. Yeah.   Jesse (2m 15s): I couldn't agree more Ashley for our listeners that don't know you have a really great presence online, Instagram kind of showcases some of the stuff you're doing, but for those that don't don't know your background, could you give us a little bit of a background of, you know, how you started out, how you got into this world of real estate that we, that we all love?   Ashley (2m 36s): Yeah, of course I, so when I graduated college, I got married and I started working at a CPA firm and I was going to get licensed as a CPA and just work as an accountant. Well, I lasted about six months and I really hated it. So I ended up quitting my job and I was just going to be a stay at home mom. I was going to get pregnant, have babies and live on the farm. Well, about two weeks into my unemployment, my friend's dad approached me and he had a 40 unit apartment complex that he wanted me to run for him.   And so I agreed I could do it from home. It would be part-time. And basically from there, I grew a property management company for himself, for him and all of his properties. It ended up being about 80 residential and about 20 commercial properties that I was managing for him. So to start my first deal, I actually approached his son and said, look what your dad is doing. We should do this. And we bought our first duplex in 2014. And that was how I got started.   Just kind of watching somebody else learning from him and working for him. I gained a lot of experience and knowledge.   Jesse (3m 49s): That's incredible. And that was only, I mean, 2014, right? Not too long ago. Yeah. So in terms of basically saying here's a 40 unit apartment, what were the details, was that, was that something local that you could do or was it, you know, it wasn't across state lines.   Ashley (4m 6s): Yeah, it was right in the town, you know, 10 minutes from my house as in the town that I had gone to high school. And so I knew the town very well. It was very convenient to get to. And I started off with a small little office there that I could go to if need be. And actually just my first day was the first of the month. It was April 1st, 2013. And so all the rent checks are coming in and I was like so nervous that I wasn't going to track them properly. That all 40 checks that came in, I actually photocopied all of them before I actually deposited them.   And I spent pretty much, it took me, I think like full two full years to actually build out my systems and processes for property management. But it was definitely a learning experience. I ripped my hair out a lot. I cried and life is much better now not doing property management. I ended up outsourcing property management to a third party in February, 2020. So I gave up the property management on my properties and also with the same investor. So now I just do asset management for both of us.   Jesse (5m 11s): Was there a reason that a, that person had had come to you for managing that, that 40 unit? Or was it just happenstance?   Ashley (5m 21s): I actually grew up next door to him, his daughter and I were best friends growing up. And I actually went on vacation with their family when I had just quit my job just because I had nothing else to do. And I that's where they were talking about who needs help. And I think there was kind of this mindset. They had that because I was an accountant. I was capable of managing and running a building, which really wasn't true. I could do the bookkeeping for it. But as far as I had to spend a lot of time learning the rules, the regulations and stuff like that and how to make it actually run efficiently.   So, but that was really just it. The, it was more his wife and his kids like pushing him. You need somebody to help you. And so I ended up doing a lot of admin stuff for him too in personal assistant stuff. And then he brought me in an all these projects. I helped him build a 40,000 square foot dealership. I helped him purchase a dealership. I helped him start an insurance agency. So I'm so grateful for him, for him because he brought me in on so many opportunities that a lot of people don't have that I guess, advantage.   Jesse (6m 32s): Yeah, for sure. It's like the school of hard knocks for a few real estate. So property management is, is one of those professions where it's, it's a lot of hard work. It's a lot it's can be a very stressful job. And usually when you're doing a great job of it, nobody calls you and says, Hey, you're doing a great job. So usually you get the call when there's an issue. How did you, well, I guess first, when did you realize that that was something maybe you didn't want to do at least you personally doing for, for long-term and, and w was there a light bulb moment that, you know, you came across that you, you thought, Hey, let's, let's go buy real estate.   Like you're talking about.   Ashley (7m 8s): Yeah, actually the light bulb moment was when I helped him purchase the dealership. So I saw how he was purchasing a business and what he was doing was taking his properties that he owned and refinancing them, pulling the equity out. And he was able to make a cash offer on this business and purchase it. And I still remember sitting in the attorney's office at the closing table and he had had me set up the LLC. He had had me set up the bank account and I was the one signing that huge check that was given at the closing table.   And just the fact that he put that pen in my hand and had me write that check. I had never even seen a check that big of a month before I think really had an impact on me. And I saw like the power of the real estate that he had and how he used the equity to further advance his investments. So that was the biggest aha moment for me.   Jesse (8m 4s): Yeah. And you kind of got the, I mean, learning by osmosis by you actually doing it, but it's kind of like, I, at least I see it as there's that psychological barrier for a lot of people, as you know, with, with our industry, but you basically being the proxy, they're signing the check for him that I've, I probably broke down some psychological barriers about who can or can't buy real estate at that scale.   Ashley (8m 26s): Yeah, definitely. And even he had me do all of his financing. So anytime he went and got loans, I was in charge of that. I did all that. I worked with banks and that also helped me build a network of loan officers too, because I was super diligent about being timely in responding to loan officers, getting them what they wanted and working with them. And they liked that working relationship. And so when I started investing myself, I had a lot of loan officers that were very eager to work with me because they knew that I would provide to them what they needed to make the loan work.   Jesse (9m 2s): Yeah. Attention to detail and, and staying on top of them that didn't know traits that would explain or describe a CPA there. Yeah. So in terms of you, you pivoting to, or moving on to saying here's an opportunity that you think that you and this investor that you worked with that would purchase it, how did that property come along? What was that deal like?   Ashley (9m 24s): So I started talking to my, the investor son, just putting a little bug in his ear. Like, I think we should do this. And actually the first property that I found, I sent it to him. I said, I think this is the one we should buy. And we went and looked at it and we put an offer. It was accepted. And so he brought the money, he had savings that was going to be the cash offer on the property and how we structured. It was, we became 50 50. So I would do the property management, manage the remodel and do all the leasing.   And then he was the money guy. But also what we did was to make it less risky for him. He also received a monthly principal and interest payment every month. So he was making five and a half percent on his money. It was amortized over 15 years. And then he was getting 50% of the equity in the property and 50% of the cashflow and the property too. So it was a very, I guess, a good offer for him because it was less risky because he was tied into it so much in getting all this benefit from it.   And for me, it was just a way for me to get started, look like right now, I would never do that deal with anyone, but looking back like that got me started. And I I'm super grateful   Jesse (10m 43s): For that. And was that a, was that a local deal?   Ashley (10m 47s): Yeah, so it was in the same town where I was managing the, the apartment complexes and we stuck in that town for, I think our first three deals. And then for our fourth one, we ended up venturing into the city more and then starting to spread out.   Jesse (11m 2s): So in terms of you, you started in this, this duplex, you said for this first deal, and now, you know, just kind of touching on that. That's not a deal you would do now, but how has that growth to the second deal? Was it, was it zero to one or was it one to 10? Like how did, what was the type of deal that you did after that? Duplex,   Ashley (11m 21s): After the duplex was another duplex and it was actually on the same street, just a couple houses down and it went up for sale and my partner ended up putting a line of credit on his house and that's how we, we use that money to purchase the second one. And then we ended up doing a portfolio loan, putting a mortgage on both of them pulling the cash out of them. And that's how we purchased our third home right around the corner too. So we bought three just within a couple blocks of each other.   Jesse (11m 49s): Very cool. So in terms of over the, I guess now, well it's seven years, a little bit, almost eight over that process. You've, you've obviously ventured out to other areas in commercial real estate. Well, what was that process like? It was, there was this, it sounds like at the beginning, at least it was a gradual thing, but was there another, whether you call it a hot moment or was there a big leap in saying, okay, I'm going to, I'm going to try my hand at this, you know, this asset class or moving out into larger deals.   Ashley (12m 18s): Yeah. At first I was very focused on duplexes, small multifamily. The largest I bought in the beginning was a six unit. And then the smallest was a duplex. And I, I was really focused on that and I really became very confident and comfortable purchasing in my market on those properties. So a lot of people ask if I still consider myself a rookie, if I'm purchasing a small multifamily my market. No, I don't. I think I'm very experienced in that. Any other kind of investing? Yes, definitely in that.   So I, I stuck with that and then I ended up just having this opportunity to buy this mixed use commercial building and the investor that I worked for. He owned a liquor store and I saw the power of his liquor store and just the uniqueness of it. And it could be a cash cow and just kind of diversify your portfolio. And so I ended up buying my first commercial building, where I put the, the liquor store in that building. And that was my first kind of different strategy than I went after since then.   So that building finished in 2020, we opened up the liquor store in November, 2020, since then I have been like all over the place, especially hosting a podcast is so bad for my shiny object syndrome because I hear all these things that are like, I just want to do that. They're like sounds awesome. All these different things. So I spent a lot of time going after self storage, mobile home parks and campgrounds. And I recently went to four conferences back to back and I finally have realized that I'm going to focus on campgrounds.   I do have a mobile home park under contract, which I'm going to continue with that. It's a sweet deal. I did have a self storage under contract, but it fell through because the seller wouldn't do a phase two environmental study. Yeah. So the phase one recommended it and the owner said no. So I falling out of contract on that one. And then I'm working on getting a campground under contract now. But I think my big aha moment as to why I was focusing on campgrounds is I had a couple of people talk to me during the conference and really like point out to me what I'm struggling with.   And point out facts, such as look at all the successful investors I'm friends with. He said, look at your network. Are all of them going after like three big asset classes right now? And the answer was no, they're all focused on one. Maybe they started out focused on something like I started out focused multifamily, but then now I'm pivoting. I have that down. I have that strategy, you know, set it's running smoothly and now I can pivot on onto something else, but you don't see these experienced successful investors going after three or four large strategies at once and seeing what will work.   And then the second aha moment for me was I was telling somebody about this campground that I was offering on. And he was like, that's, that's it. And I was like, what are you talking about? I know I want to offer. And he's like, no, that's what you're excited about. He was like, you just spewed off so many different random facts and stats and all this stuff. When you've talked about self storage, your mobile home park, it's just like, oh yeah, I got a mobile home park under contract. Like you don't have that excitement. So that was a big aha moment for me too, was that I'm actually excited about investing in campus.   Jesse (15m 39s): So leading up to campgrounds, which I want to talk about because we, we don't, I don't think we've ever really gone into detail at all on the show, in terms of that process, that takes you from the first few investments to where you're doing these, you know, more commercial side of the business deals. How, how did that develop from the team point of view in terms of networking with other people or having other people influence the decisions you made for those future properties?   Ashley (16m 6s): Yeah. So up until this mobile home park that I have on our contract, I had never paid more than $152,000 on a property. And that was my sixth unit. Everything else had been below that. So my mobile home park is $750,000. That is a huge like jump for me. And that was like a huge mindset shift for me to get over that hurdle because I'd never even spent close to that amount of money or looked for that amount of money.   I've always done well with creative financing and finding money, but to find that much money was like, like nerve wracking. But I spent the last year and probably if you would have talked to me two months ago, I wouldn't even have realized this yet, but I spent the last year doing so much networking. There's a group of people. It next month will be our sixth time meeting up for various events or different things. And I think just talking with them, seeing what they're doing has really kind of helped me eliminate a lot of my limited mindset and knowing that I can achieve these things, I am capable of doing this.   And if I work hard enough, I'm going to find a way I'm not going to give up. And so that definitely helped just seeing what these other people are doing. I even had a James Dainer and he's an investor from Seattle and he runs a very successful company. He endangered, he actually let me come and job shadow him for three days. And I just got to like, see the inner workings of his mind. I got to sit in in all his meetings and that was so awesome. And it's such a cool opportunity. So if anyone is trying to, like, you feel stuck, reach out to people in your network and just go and watch what they're doing and see it.   And it's, it's definitely motivating. I get so pumped up after I surround myself with other investors.   Jesse (17m 59s): Yeah, for sure. And I mean it to the conferences or, you know, speaking with other like-minded individuals, even at, at BB con when we were in new Orleans, it is I think a relative thing where people, I hope that when listeners hear, you know, $20 million, $40 million deal it's, there is that aspect of like, it is relative. There was a, there was a point where, you know, somebody jumping from a million to $5 million or 100,000 to 500,000 or less is, you know, for that person, it's five times what they've done before 10 times, what they've done before.   But I feel like once you do that enough times, you get that aspect of, oh, wait a minute. It really is that the concepts are the same. The deals are bigger, right?   Ashley (18m 40s): 'cause, you're getting like the same ratio of compare, like your, your rental income to the purchase price. Like if that ratio is still the same, who cares if it's a hundred thousand dollars property or, you know, a $1 million property, I guess. Yeah.   Jesse (18m 55s): I find the way I conceptualize the moving from, you know, your first property or second property, not really, I guess more so when you move from certain size of properties, to me, there's a category of one you can continue to bootstrap and then another, you have to raise external capital. Right. And, and what that inflection point is, is going to be different on the individual, right. You know, if you're one or two individuals, there's a certain level where you cannot afford to purchase that property, unless you create a structure where you're raising capital.   And I'm curious for yourself that 700,000, you mentioned creative financing. Did you underwrite it from a pure debt point of view and put in your own capital, or was that something where you had to create a vehicle where you were raising capital?   Ashley (19m 41s): So I spent all my money on real estate. So I have no money. I actually did two offers to the seller. I did one where I'd go and just get a commercial loan to purchase the property. And then I did one at seller financing and I did the seller financing at his asking price. And I said, you know, I'm willing to negotiate on terms. And he told me, I knew $2,500 a month. So I took, and I amortized the loan over 25 years at three and a half percent.   And that came out to $2,500 a month. And so I got a nice interest rate, a long-term loan, and then he needed, he's actually, he lives on the property. So he's actually moving off the property and he's building a house. So he needed some money for that to build the house. So I am putting some money down on the property, but I actually sold a property. And that's, what's going to fund that down payment.   Jesse (20m 41s): There you go. So that's creative. It's funny, you mentioned that one deal that didn't go through because you had the phase two environmental where, you know, there are all these strategies that you can use where we have a property right now that we have contamination on it. And it's really a matter of, of remediation. And part of their creative strategy, most likely will be a purchaser that comes along where we have to do, you know, a short seller financing or VTB on it to get it, you know, get the environmental assessment. But again, like, it's really just a matter of thinking outside of the box. And I'm sure you, as an accountant, you're like, okay, 2,500, we'll figure out what numbers those need to be to make that payment happen.   Ashley (21m 17s): Yeah. As soon as he said that, I got like excited inside and I was like my smile and be like, okay, well, how about if we did it this?   Jesse (21m 27s): So if we were to pivot to the campgrounds, this is something that, I mean, I don't know a lot about, I know we had Brandon on talking more about, you know, mobile, mobile home parks seem to continue to be the trend. Obviously multifamily is on fire, but yeah, for, for a complete newbie campgrounds, how did you come across them? And, and why do you get so excited when you, when you, when you're talking about?   Ashley (21m 54s): So I actually came across this campground that was close to me for sale. It was actually on LoopNet. And I found that the day was listen, I got to be the first person to go and see it. And the older gentleman that owned it, he took me through the whole property, along with my broker. And just like, I could see so much value add and all these different revenue streams just popping out at me. And so that's what really got my interest. And like, my family had cam when we were younger, my parents still have an RV.   We have like family land that we turned into, like a private campground, I guess. But so I have some experience in that and I love the outdoors and camping, all these different things, but just walking through that property and seeing the potential, like just even Wade whacking, the property was going to add so much value. The basketball net had like rocks or something, like holding it down and I wasn't even faced the right way. And just like all these things just super easy improvements could increase the value of it.   The second thing that really enticed me about that property was that there, I think there was 164 sites and about 120 of those were seasonal. So people came in in the spring and this was in Buffalo. So campgrounds are closed in the winter, but they came in, in the spring, left their camper there, they paid a seasonal rate. And then they came and picked up in the fall. And that really limits the daily check-in checkout, which I kind of liked that model a lot more because I'd like to stay away from as much operation as possible. So I offered on that property.   Hannah was like my biggest offer after it was 1.4 million and they were asking 1.5 and they had me go through, I was getting bank financing on that. And they had me go through a bunch of hurdles, like sending them so much stock to make sure I was really a qualified buyer. And then they ended up getting an offer from a capital group out of Los Angeles that beat me out. They did offer 1.5 million and they ended up getting it, but it made like the Buffalo news and stuff that this campground was, they stopped taking stop doing showings because there was two competitive offers from a capital group in Los Angeles and local investor, which is me, but that was like, so he got the bug there.   And then I realized like after I lost that on it, like, wow, I was actually, I really enjoyed that. So I started looking a little bit more and reading about different revenue streams. I got a couple of people on the podcast, the real estate Wiki podcast too, who are investing in campgrounds and one that wanted to start investing, but had done a ton of research, had them on the podcast so I can learn some more. And so then from there I found another one and I'm currently trying to get one under contract now.   And I just did a, an episode on the bigger pockets, real estate podcast with David Green. And I mentioned on there that I'm looking for campgrounds and that was released yesterday and already today. I have so many people sending me deals. So anybody else   Jesse (25m 4s): I'm sure. Yeah. It's a, it's a great, you know, selfish or symbiotic. I don't know you want to call it, but where we can, we can have people, we can have guests on we're. I mean, the value, hopefully we're giving is we're, we're getting it in return from having the guest on. And obviously listeners just hearing a boat, like I would never have thought a campgrounds. Now I'm going to look into what's the, what's the Canadian market, like in campgrounds. Just curious. I'm curious though, from the, from the perspective of you come across this, this, this camp brown, you start seeing all the different revenue, potential revenue, streams, the underwriting for a campground obviously, or maybe not obviously, but from my perception, it seems like you're buying a bit more of an operational business.   It's not as much pure real estate, but when you're underwriting it, are you looking at it as a, you know, as somewhat similar to a cap rate, like you're looking at the yields annually, are you looking at which companies that you would need to employ to, to manage the thing? W what did that look like for you being, especially being an accountant where it seems like those types of things would be at the top of the list for you?   Ashley (26m 11s): Yeah. So actually what I did at first was I AIG Osborn had, he has an available a self storage deal analysis calculator. I actually took that. And I use that for that first property that I put an offer in. And I tailored that to like, okay, so he has, you know, the size of the storage units. How many of those units do they have? And then what's the, you know, the monthly rate for that. And I just like, changed it. Okay. There is, you know, 50 full RV hookup sites.   There's maybe 50 with only electric or something. And I just tailored it to kind of fit a campground. So I've been actually working on that because there is not really a template or a calculator to analyze a campground because they're so different. Each one is so unique with what they have to offer and what are those different revenue streams. That's also what entices me, because there's so much different ways you can generate revenue off of a campground.   So for the deal analysis, it's really been, so I'm only offering on my second one, I've analyzed maybe four or five in total now. And I just, I have to completely almost redo the spreadsheet every single time, because they're going to have different expenses. They're going to have a different income streams. So I really just start by making a list of what I think the revenue is. It can generate. And then I'm pulling comps. I'm looking at websites of other RV parks in the area.   And I'm like, okay, what is their daily rate? What's their seasonal rate. A lot of times it even says what they charge for different things. So like one campground had a zip line and ATVs or whatever, and you'd pay like $25 for a day pass, use the activities. Okay, well, I could do that online, and this is what I could charge. So pulling comps on the campgrounds, because that's going to be your competition. People are going to look at what's around, especially the seasonal, because seasonal campers usually don't live that far from where they're parking their camper, usually within an hour, because they're going there on weekends, you know, the days off or even just for a night sometimes, and then commuting bathroom work, blackout work.   The one that I had offered on first at the Mo the owner said, the majority of people there lived within 30 minutes of where they were keeping their campsite. So if they're looking in that area, that's definitely going to be, your competition is looking right there and see what amenities they have, and then kind of figure out the price. It's almost like a, how an appraiser does an appraisal, those do the bedroom, count the bathrooms and then compares them and like, okay, this is the average, this is what I can put that value to that property.   Jesse (29m 4s): It's almost like how many things can we unitize and figure out what those, what those costs are or income is in terms of the, as a complete outsider in this, in this sector. Is there a case for campgrounds? Like, are there situations where the campground you can purchase the business itself, but not the real estate? Or are those always kind of co-mingled   Ashley (29m 28s): No, you definitely can where you do like a land contract, but that would be something that I'm not interested in at all. I like the idea of owning the property. And I joked when I went this recent one I'm offering, I joke that in 10 years, I'm going to pay it off. I'm going to kick everybody out and I'm just going to build my dream house live there.   Jesse (29m 50s): So actually we were on one of the panels that we had in, at the conference we were talking about, well, it was, it was a question for a couple of us on the panel and it was talking about the regulatory environment. And I thought, it'd be interesting to ask you because New York state, I think is probably of all the states, it's probably has a little bit more of regulatory kind of work to get through from a landlord tenant perspective. How, how have you looked at real estate or how has that impacted how you look at real estate, especially in your, in your state?   Ashley (30m 23s): Yeah, so it's definitely not a landlord friendly state, New York by all means. So everything really changed for the worse in June of 2019. And even now just with COVID the, the regulations they put on, on evictions and everything like that has been awful to deal with and what tenants can get away with. And it definitely has deterred me from wanting to keep building a portfolio here. I think that I do have a nice sized portfolio.   And if I, which I do think I will continue doing a bunch of burgers is I'll, I'll go out of state and kind of diversify in different markets. Maybe do a couple here a year still, just because it's so easy for me. Cause I know the market and I know the properties and I get a lot of deals sent to me. But yeah, we, we were lucky. We didn't have too many people that didn't pay during COVID, but there's one person that hasn't paid since COVID and we can't evict them.   We can't do anything. So I was very thankful that I gave up property management before COVID hit, because I wouldn't be bald ripping my hair out even more. So that was nice. But yeah, I, I think that if you are investing on state, don't come to me here.   Jesse (31m 46s): Yeah. Yeah. I think there's a, there's definitely a different, I mean, we're, we're very, I think our whole country safer for Alberta is, is a challenging regulatory environment. I think rent stabilization and rent control. We had a professor actually from New York city from NYU that was talking about the history of rent control and rent stabilization in New York state and then across the country. But I think for us, I'm not sure if it's the same for you, but basically we have a certain amount that we can raise every year. And they're really the only time you can raise above that is when a new tenant comes in.   I'm not sure if it's the same kind of,   Ashley (32m 20s): Yeah, we don't have that like outside of Buffalo, cause that's more like New York city, but for us, the biggest thing is like in June when all of the, the laws kind of changed and they just changed so drastically. So it used to be a three-day notice before you could file a petition for eviction, but then it changed to a 10 day notice and then it just like made the whole eviction process a lot longer, the different rules and regulations they put in and just a lot easier for tenants to get away without paying rent just a lot more loopholes and things like that.   Jesse (32m 56s): Yeah, absolutely. I think one very like a stark difference between let's just use Buffalo, for example, compared to say our market in Toronto or I mean you could go LA you could go, Boston, Buffalo has been a very, I think yields centric type of market where you, the cap rates that you can achieve around your area, probably a lot higher than the cap rates we can achieve in our area. But I think that has been at the expense of potential equity growth. So how do you look at, at that when you are doing your underwriting and just generally your philosophy of, of that trade-off between, you know, potential income as opposed to value?   Ashley (33m 36s): Yeah, so like one thing is the 50% rule in the 1% rule. So the 1% rule says that the per your, the rent that you're charging each month is 1% of the purchase price. I can hit that all day long. What I can't hit is the 50% rule where 50% of your expenses are 50% of the monthly income because the property taxes are so high too. So that's like a, not even the, the laws at all, just property taxes are so high here too. So that's been kind of another reason for me to want to go out of state for my rental portfolio, because if I buy this $20,000 property, I can pay that off very quickly or just pay for that in cash.   But I'm still paying those properties taxes every single year. And those, I just sold a property that the property, it was 20,000. I had bought it for and the property taxes were about three grand a year on it. And, but I could go upstate and I could pay maybe, you know, 50, 60,000 for that same house, but only pay a thousand dollars in property taxes. And once that property is paid off, it's only a thousand that I'm paying every year instead of 3000. So that I would say is even more of a factor to me than the, the landlord tenant laws, even.   Jesse (34m 54s): Yeah. It's funny that we would be the inverse of that. The 1% is almost impossible if not impossible, but the 50%, which is, you know, for listers, like you have a, your, whatever your expense ratio is, that's really, really what it is, you know, as a percentage. So us, I think 30 to 40% is pretty, pretty normal. It, unless it's brand new and then you can get a little bit lower, but yeah, I didn't, you know, and I didn't even think of that from a property tax perspective. That's really, I always, I, when you mentioned that, I thought it would have just been just expenses in general, not necessarily property tax.   Ashley (35m 26s): Yeah. It's, it's definitely the property tax, but we actually in Erie county, which is the county that's in Buffalo and, or surrounds it, they actually have an Excel sheet that they, every year that they just put on the county website that tells you each town and what the tax rate is for those towns. And then it compares it for you. It says, okay, if you buy a hundred thousand dollar house, this is what your taxes would be on that property. And you can go through and see, and it shows, breaks it down from like town and county.   And then if there's a village to village tax and then school tax. So what you can do is you can go through there and say, okay, these are the desirable school districts. Well, what towns border that, where you're paying that low town and county tax, but you're getting into that school district because of that little bit of overlapping. So if you guys, and anybody wants to go and look search your county, I'm sure they probably do this too. If your county does and look at that and you can see what towns have the lowest tax rate tax rates.   So the last house that I, I just did a flip and that house had super, super low property taxes. It was in a small little town and the reason it had low property taxes was because there was like a garbage dump in the area landfill. And they pay the majority of the property taxes. Well, this property was like right on the edge of the border where you're not getting any smell from the landfill. And so it was kind of like an opportunity because you get that, you know, I, that property, I also purchased for 20,000, but instead of 3000 and proper Texas, it was only $850 a year in property taxes.   Just show the difference. Yeah.   Jesse (37m 12s): Yeah. I think that's, I mean, it's pretty amazing. Like you can have properties within, you know, 45 minutes an hour from each other and just have such a drastic price difference when it comes to property tax Ashley, in terms of the way that you're looking at the market right now, and fingers crossed, hopefully we're coming out of this thing, you know, in, in the right direction, when it comes to the lockdowns and restrictions, what is, where do you see opportunities over the next few years? You know, what's, what's kind of got your interest aside, you know, aside from, from the, what we've discussed here, but what are you excited about?   Ashley (37m 47s): Well, I guess, you know, I'm trying to stay away from that shiny object centers. Talking about teenagers is bad for me, but I think there'll be a opportunity for businesses. So going after businesses that maybe are sick of the COVID regulations, or maybe they did fall behind and during COVID and they just haven't been able to catch up. So I think there'll be opportunity there. So some of the businesses I'd be interested in are not really going to be ones that were impacted by COVID, but were actually empowered by COVID.   So they actually did better. So that would be like liquor stores, which I got one of those. And unfortunately we didn't get our like liquor license until basically the shutdown was kind of over, but looking at the kind of businesses that can survive COVID I think really piques my interest that if there was another shutdown or something like that happening again, that these businesses were thriving and they still do successful anyways, even when there isn't a shutdown.   So that was like a liquor store was a big one for me. And then I also like the idea of a laundry mat or a carwash, just the, the, the ease of the cash cow from those. And then I do have some experience managing a laundromat for that, that other owner. So yeah, those are any other business opportunities   Jesse (39m 18s): Working with that. Gentlemen is the gift that keeps on giving we've. We've looked at laundromats as well. It's just one of those compelling things that even without buying the real estate there, there still is a compelling case. If you can obviously do both. That's great. But I like your point in terms of businesses that have been resilient. I mean, we've seen in our own market, you know, whether it's technology, medical, technology companies, ghost kitchens, just companies that you didn't, you couldn't foresee how much, how explosive their growth would be prior to the pandemic, obviously for, you know, nobody has a crystal ball, but that that's, we do see those companies, a big driver of, of real estate at least locally here.   And I'm sure it's, it's the case where you are.   Ashley (39m 60s): Yeah. And even with auto dealerships. So I've been in because of the same investor I've been in the auto dealership industry and they are making more money now because of the shortage of cars. So every car that they're selling, it's getting selled at invoice or above because there's no cars available because all the chips and all the parts are stuck on a ship waiting to come into the us. But they they've said that they sold they're making as much as they did, but they're selling half of what they sold before.   COVID. So they're doing less work, making the same amount of money. So it's been almost beneficial to them to, I mean, there's definitely was some hardships, especially during the shutdown and things like that, but there's the PPP programs that I think helped a lot of, of businesses. So it's very interesting to see what businesses actually have benefited from COVID and have done better.   Jesse (40m 57s): Yeah. I couldn't agree more. Well, actually, I want to be respectful of your time here. There's four questions that we ask every guest that comes on the show. So before we kind of get on how people can reach out to you, if you're game for those all, I'll start them off. What's something that, you know, now it could be in your real estate or career in general that you wish you knew when you were starting out.   Ashley (41m 19s): So, one thing that I did not know was that you could go and get a loan for an investment property. I thought you had to make a cash, but you had to buy it in cash because that's how that other investor had purchased all of his properties. So I wish that I would have known that there was other options to me then just taking on a partner and I could have explored that. And not that I, you know, made a bad decision or anything like that, but I wish I wouldn't have had that limited mindset of that. You could only buy a property in cash, and I didn't even realize creative financing and all the different ways to purchase property until I actually found bigger pockets in 2017.   So that was three years later. And then I tripled my portfolio in a year and a half after just digging into the forums and learning all these different ways, you know, seller financing and private money, all these different things.   Jesse (42m 13s): Yeah. Just, just all the different resources. The next question is, you know what, since you were on a panel for women in real estate, maybe we'll, I'll kind of tweak the question a little bit. Typically we'll ask, you know, your view, what would you give as a recommendation to younger people coming into our industry, your view on mentorship, but why don't we say from a, especially from a female point of view, younger women coming into our industry, you know, what would be your advice to them? And, and just generally, and mentorship,   Ashley (42m 41s): I think that there are some women out there who think that they are at a disadvantage being a woman in real estate, because there's so many men doing it. Don't look at it like that. It is an opportunity and it is an advantage. You are going to stand out because you are a woman. If you go and look at a property with a broker, do you think he's going to remember the 20 other men that have looked at it and know he's going to remember that one woman that came, that you know, is investing in properties.   I think there's a lot of doubts and that, you know, you're going to get scammed by contractors because you're a woman, you know, don't know what you're doing. And that's also an advantage. You know, if a contractor is going to try and scam you, because you're a woman who's going to do it right off the bat. So if he's talking down to you or things like that, then you know, not to hire him or if it's a guy and the contractor is like, okay, he probably knows what he's doing. I'm going to scan them at them or something.   But I, I think use it to your advantage. And it's an opportunity. And if you feel like, because you are a woman that you are not being taken seriously, then you're talking to the wrong people. You're talking to the wrong person because I have more friends in real estate that are men than women and not a single one of them has ever talked down to me or made me feel like I don't belong. That it's a boys club at all. If anything, I feel like I've been more welcomed because I am a woman.   There's a million other men doing what I'm doing, but there's not as many women. So it's given me an opportunity, a like up and I think take advantage of that   Jesse (44m 25s): Great advice. Okay. Is there a resource, a podcast or book that you'd like, let listeners know about that you're listening to reading   Ashley (44m 36s): The real estate rookie puck.   Jesse (44m 41s): Yeah. As well.   Ashley (44m 44s): Yeah. If there is actually a book that I love and I think that anybody who's in business or the real estate or any other business should read this because no matter what, you're going to be dealing with people, and it's a hug your haters by Jay Baer. And it's a customer service based book. And basically it talks about like, if you received negative feedback or criticism, how to deal with that, and also how to kill people with kindness. So if you are a wholesaler and you're getting, you know, sellers that are, you know, or you know, how to work with them.   And so I, it's a, it's a great read. I, it's probably the, one of the, probably the only book that I've scribbled in that much before and like taken notes and highlighted things. And so   Jesse (45m 32s): That's great that I think that's the first on the show. I've never heard of it. We'll put a link up to that as well. Awesome. All right. My favorite question, first car, make and model.   Ashley (45m 42s): It was a green Bonneville. I don't even want the makeup upon GMC or Chevy or something, but That's basically about think of a vote.   Jesse (45m 57s): Yeah, just, just in a, in a what's it called in Buffalo with a PO thing. It's Pontiac. Pontiac Bonneville. Yeah. Awesome. Awesome. Well, Ashley, for, for people that like to kind of find out what you're doing online, like I said, you have great, great presence on, on Instagram and other platforms were where's the best bless area for people to reach out.   Ashley (46m 19s): It will be on Instagram app wealth from rentals. And then we also have a real estate rookie, a YouTube channel, and then a real estate rookie, a Facebook page. You guys just searched those.   Jesse (46m 32s): My guest today has been Ashley Kurt, Ashley, thank you for being part of working capital.   Ashley (46m 36s): Thank you so much for having me.   Jesse (46m 45s): Thank you so much for listening to working capital the real estate podcast. I'm your host, Jesse for galley. If you liked the episode, head on to iTunes and leave us a five-star review and share on social media, it really helps us out. If you have any questions, feel free to reach out to me on Instagram, Jesse for galley, F R a G a L E, have a good one. Take care.

Be Wealthy & Smart
Why Zillow is Selling 7,000 Homes

Be Wealthy & Smart

Play Episode Listen Later Nov 3, 2021 9:14


Learn why Zillow is selling 7,000 homes. Recently it announced it is closing its iBuyer program. What does it mean for the real estate market and for buyers and sellers? The article is here. Are you investing well for financial freedom...or not? Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle. If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars. Your compounding rate, and how well you invest, matters!  INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE? -Asset allocation model with ticker symbols and % to invest -Monthly investing webinars with Linda -Private Facebook group with daily insights -Weekly stock market commentary email -Lifetime access -US and foreign investors, no minimum $ amount required Extending the special offer, enjoy a 50% savings on the VIP Experience by using promo code "SAVE50" at checkout. More information is here or have a complimentary consultation with Linda to answer your questions. For an appointment to talk, click here. PLEASE REVIEW THE SHOW ON ITUNES If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it! SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed WEALTH HEIRESS TV Please subscribe to Wealth Heiress TV YouTube channel (it's not just for women, it's for men too!), here. PLEASE LEAVE A BOOK REVIEW Leave a book review on Amazon here. Get my book, “You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Men love it too! After all, you are Wealth Heirs. :) Available for purchase on Amazon. International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH LIBRARY OF PODCASTS Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics. TODAY'S SPONSOR Get Think and Grow Rich or another book on Amazon from my recommended financial books list, and be sure to get started checking off the books you have read. Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.  (Some links are affiliate links. There is no additional cost to you.)

Millennial Success Podcast
#33: Building a Real Estate Empire with Kenneth, Kerwin, and Jeffery Donis

Millennial Success Podcast

Play Episode Listen Later Nov 3, 2021 43:01


This episode covers the Money and Purpose categories.This episode is not with one guest, but 3! The Donis brothers (Jeffery, Kerwin, and Kenneth) are all in their early 20s who grew from brothers to partners in their ever growing real estate empire. Their whole driving force is to retire their single mother who worked so hard to raise them while working full time. The Donis Brothers investment group started out with wholesaling, and had to deal with a TON of rejection. They each cold-called 10 hours a day for 6 months without getting a deal. That's over 3,500 hours of work, tens of thousands of calls before getting their first deal! If that isn't the definition of discipline and perseverance, I don't know what is. Now they've scaled their wholesaling business and into commercial real estate, and they just closed on a 138 unit building shortly after recording this episode, so big things are coming. I'm curious to hear your thoughts and how you will implement the tips provided in the episode! Please leave a review, subscribe, and/or comment your thoughts by reaching out via email at financezilla@gmail.com or Instagram @financezilla! If you're interested in financial coaching or corporate success coaching, feel free to reach out via the above platforms to apply or click this link for a FREE 30 min strategy call so we can work together with you to achieve your goals! If you feel you just need a working formula but don't need hands on assistance, that's fine too. Get the JUMPSTART guides today!The Coldest Water!  - 10% off using code FINANCEZILLAHabits365 apparel - 15% off using code FINANCEZILLAMake sure to reach out to Jeffery, Kerwin, and Kenneth (the Donis brothers) below if you need help playing or want to follow their journey some more!InstagramLinkedInYouTube Real Estate Monopoly PodcastThe Donis brothers' recommendations:Rich Dad Poor Dad by Robert KiyosakiThink and Grow Rich by Napoleon HillSell Or Be Sold by Grant CardoneTraction by Gino WickmanBigger Pockets podcast (link is Spotify but it's everywhere)Go to seminars and meet like minded people! Eventbrite and Meetup are great places to search for groups!

Straight Up Chicago Investor
Episode 99: Straight Up Tues Tip 15

Straight Up Chicago Investor

Play Episode Listen Later Nov 2, 2021 9:42


What are some tips on how to best screen workforce housing tenants? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jared Kott of Marblestone Properties ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.

Flipping America
Flipping America 506, Probate Leads with Bill Gross

Flipping America

Play Episode Listen Later Oct 30, 2021 60:01


Have you been thinking about adding probates to your investing portfolio? Well today is your chance to get started. We are going to hear how to get leads and add probates to your list of deal sources. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (877-557-6437)   ext 1. Leave your message or your question.  Sponsors Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com.   Legal Shield  Announcements: FlipStarter November 2021 is sold out. But we've already scheduled it again for January.  Learn how to Find, Fund, Fix and Flip houses Four weeks of video instruction (2 hour sessions) Four weeks of group coaching You'll get my book, “Fantastic Deals and Where to Find Them”, the exact procedure I used to get 10,000 deals per week in my inbox. You'll get my book, “How to Put Skin in the Game When You Are Running Out of Skin”, my little book on how to do deals - even big rehabs - with none of your own money. You'll get my book, “Stop Being Poor” which describes the poverty mindset and suggests a way out.  Includes online courses, ($800 value) REI QuickStart - 15 lessons to have you making offers in 2 weeks. REI By the Numbers - All of the formulas I use for deal analysis, project tracking, and ROI calculations.  Find Your Fit in REI Create the Life of Your Dreams Purchase and Sale Agreements for your offers Contractor Docs, my package of eleven documents that describe policy and procedures for working with contractors, including the actual Construction Agreement I use. I paid a lawyer thousands to create this bullet-proof agreement and I'll include it. How to manage the rehab process How to make $5000 in the next 30 days “Double Your Investment” guarantee. Although it's a 30 day program, you stay on the coaching calls until you have at least doubled your investment in this training. Money back guarantee. If at any time you believe this isn't the thing for you, notify us and you can drop out and get a refund for remaining sessions Your investment: $997.67. Or pay three installments of $350.  Early Bird Discount: Register before December 1st and save $200. 100,000 people want this - we only have 100 seats.  News and Resources:  Real estate is NOT yet cooling off. 18% increase YoY. Wow. https://www.corelogic.com/intelligence/u-s-home-price-insights/ Mindset Moment:  Questions from Listeners:  Emily, Wayne, PA, “I've done three flips in the past two years. I really want to quit my job and do this full time, but I need to do four to five flips in a year to do that. How do I get to that level?” Mosley Gainesville, GA: Hey, I have been listening to the show and want to say you guys are awesome, great energy. Here's my question... I have rental properties that I want to continue to keep going for my family when I go on into my next life. what steps can I take to ensure my properties... is creating a trust the right way to go? Share Richardson August, GA: Noooo body ever really taught me anything about real estate. Here I am 5 years later, doing ok, but feeling a little stagnant, like I can't get over the hump to get to the next level in investing. My goal is $30,000 a month. I average 10,000 a month with flips @ 5-6 a year, sometimes with partners, so I wont get overwhelmed. Looking to add some less strenuous income with real estate. Any advice? Royce Lee, Toccoa GA: I am ready to start flipping, I have been doing wholesales for 3 years now. I am ready to do some flips. I watched one of my friends flip a house from beginning to end and I fell in love with the process. I am reaady. Can I join your team roger? Quote of the Day "In real estate, you make 10% of your money because you're a genius and 90% because you catch a great wave." -- Jeff Greene, entrepreneur  

The Construction Life
#184 Mat is here to discuss big machine rentals a side of the construction industry most don't know about

The Construction Life

Play Episode Listen Later Oct 30, 2021 73:31


Thank you Mat for being on the show and opening the show with a little ACDC. Mat works for a large rental corporation and due to some legal logistics, we must keep the name out of the show. There are times where I want to interview certain big-name brands, but it's takes months if not years to get approvals and instead of waiting and jumping through hoops, we record a show and still share valuable information. We also discuss a bunch of other construction details on this show, such as working in Norway, where Mat is from and we get it all sorts of other topics during the show, we let the conversation go where it goes. Mat share a lot about building in Norway and other European countries and we compare to North American building. We discuss techniques on both sides of the pond and why we feel over here we don't try to step up our game and embrace new ideas from others around the world. We even discuss what is truly happening with the younger generation and why today it's so different for that segment of the population, when speaking about driving habits on the roadway…Please Please for the love understand the left lane is the passing lane, no matter what speed you are driving, move to the right and make the flow of traffic move, not brake. Mat shares different machinery, do's and don'ts, maintenance, pick up and drop offs, repairs and more. Mat also shares his secrets on building relationships, he understands what it is to be that tradesperson placing that order for much needed gear and all the attached obstacles, he is one of us and he never forgets that. Shared and Discussed Linkshttps://www.diablotools.com/explore/saw-bladesAnd Diablo Blades and Accessories are manufactured in Italyhttps://www.hilti.cahttps://www.bobcat.com/indexhttps://www.genielift.comWhat an amazing show thank you so much Mat for sharing so much about big construction toys and educating our listeners. Thank you Find Manny @hardcorerenos info@hardcorerenos.com info@theconstructionlife.comStay tuned, HUGE ANNOUCEMENT happening in October 2021Want to reach out to Manny, text him on his mobile, 416 433-5737 and or email him at manny@hardcorerenos.com or manny@theconstructionlife.com Please let him know who you are and then ask away. TCL has and always will be about giving back to the construction industry.

The Chris Miles Money Show
Is the Eviction Moratorium Affecting Apartment Rentals with Lane Kawaoka | 552

The Chris Miles Money Show

Play Episode Listen Later Oct 29, 2021 19:00


In real estate, the best things aren't always the ones that are hyped up. Some of the great deals fly under the radar and that's what our special guest, Lane Kawaoka will talk about today.  Lane Kawaoka has been investing in residential real estate and he now has thousands of doors he's managing, operating, and syndicating all over the country. He invests in apartment buildings and in tertiary markets, and he's going to tell us more about that and how eviction moratoriums have affected his rentals. Key Talking Points of the Episode [01:12] Who is Lane Kawaoka?  [02:13] How did Lane get started in real estate?  [08:10] How to minimize the risks as an investor [11:12] The supply and demand situation today [12:34] What is it like working in tertiary markets? [14:39] What are good tertiary markets?  [15:21] Where can you find Lane Kawaoka?  Quotables “If you can't pay, you can't stay.” “Since the beginning of the year in January, rent's been on fire.”  “Most people would say you make your money on the get go, but I kinda say, you gotta go into a deal that cash flows strongly so your occupancy can drop.” “Apartment buildings will typically stay above 80% if you run it forwardly.”  “If you keep flipping houses and do a lot of active stuff, you can't get to other stuff.” Links Podcast: Simple Passive Cashflow https://simplepassivecashflow.com/ LinkedIn: Lane Kawaoka https://www.linkedin.com/in/lanekawaoka/

The Short Term Show
RV Rentals and Driving Up Profits with Corinn Altomare

The Short Term Show

Play Episode Listen Later Oct 29, 2021


Corinn Altomare is the CEO and founder of Hearthfire Holdings. With a decade in the real estate market, Corinn is no stranger to the inner workings of the industry. Originally starting as a side hustle to accompany her music career, Corinn’s portfolio steadily grew and real estate became her full-time job. Working alongside her family members, she currently has a portfolio of over $30M. In addition to her experience renting homes of all sizes, Corinn has recently uncovered profitability in the self-storage RV industry. Avery speaks with Corinn about her experience in the industry and how she got her start in multiple areas of the market. Through her experience growing a business of her own, we speak about the best techniques to use when scaling a business, as well as how to manage your company while simultaneously trying to manage important aspects of one's personal life like raising a child. Corinn speaks honestly about the value of having different personalities within your company and how different people may be suited to particular roles. We also discuss the inner workings of the RV market, how they have shifted since COVID and how RV rentals might differ from multi-family home rentals. Key Topics Value of building to scale The benefit of assigning responsibilities based on personality How to enter the RV rental business Managing a business and raising a child Massive demand for RV rentals Impact of COVID on the RV rental market Average, dynamic RV rental rate Managing mileage threshold Inner workings of RV resell units How growing your business can be fun Value of building a strong network Hearthfire Holdings Who Not How Ayn Rand The Short Term Shop University The Short Term Shop Facebook Group IGMS Your Porter Smart BnB OwnerRez Beyond Pricing

Straight Up Chicago Investor
Episode 98: What is Happening to Chicago Property Taxes?

Straight Up Chicago Investor

Play Episode Listen Later Oct 28, 2021 43:30


As this episode airs, several of the Chicago townships have already been reassessed, leaving many owners with an unpleasant increase in property taxes. Returning guest Tim Jacobs of KSN Law (appeal.tax), joins us to discuss what he's seen in the Chicago townships that have been reassessed, and what he feels will happen in several townships about to be reassessed. Tim walks through the basics of how to look up your assessed value, calculate your taxes, and most importantly how to appeal your property taxes. Tim explains the appeal process, what data you can use to your advantage, and how to leverage a professional if you choose to engage one. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Tim Jacobs from Appeal.tax Link: Traction: Get a Grip on Your Business: Wickman, Gino: 0783324916904 Link: Cook County Assessor's Office: We are Here to Help Link: Cook County Treasurer's Office - Chicago, Illinois Link: Law Offices of Naheed A. Amdani, PC – What is a Real Estate Tax Reproration Agreement? Link: KSN Law Link: Ted Kuhlmann, Real Estate Agent in Chicago - Compass Sponsor: Prime Lending   Sponsor: Appeal.tax ----------------- Guest Questions Understanding tax data 5:00 How have different townships been affected in Chicagoland? 9:15 How vacancy can change your tax assessment. 17:30 Do non paying tenants affect tax assessments? 24:00 Wrap Up Questions What is your competitive advantage? 37:15 Advice for a new investor? 38:00 What do you do for fun? 39:00 Self development activity? 39:45 Network recommendation? 40:30 How can we learn more about you? 41:00 That's our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.

The A Game Podcast: Real Estate Investing For Entrepreneurs
Financial Freedom Through Rental Properties, Cash Flowing In Expensive Markets With Section 8 | Dr. Joe Asamoah

The A Game Podcast: Real Estate Investing For Entrepreneurs

Play Episode Listen Later Oct 28, 2021 64:56


Join Nick Lamagna on The A Game Podcast with guest Dr. Joe Asamoah! Dr. Joe is a real estate investor who has mastered the strategy of building wealth and financial freedom through rental properties!  He has a specific niche in being able to find ways to invest in competitive, expensive markets and still find ways to cash flow and get long term appreciation at the same time!  He has a specific system he has used specializing in what he calls, "Tier-1 Tenants," through the Section 8 program.  He debunks many incorrect, preconceived ideas about the program and people as well as gives invaluable tips on how to screen and keep tenants for decades, drastically increasing your profit but decreasing your turnover expenses!  Check the show notes to find his new Section 8 Playbook course coming November 6th! Topics this episode include: ✅ Should you wait to for the market to cool before you buy? ✅ Debunking Myths about section 8 tenants ✅ What is the #1 way investors lose money on rentals ✅ How to cash flow with rental properties in expensive markets ✅ Can you lose money in a no money down deal? ✅ How to screen & KEEP tenants + ➡️ MORE! See show notes for all the ways to connect with Dr Joe, check out his "Section 8 Playbook Course," coming November 6 2021 and make sure to contact Nick to do some real estate deals together! Need to borrow money for Real Estate?  Email Morse@nationwidebcg.com and tell her The A Game Podcast sent you or look under affiliates by clicking here   --- Connect with Dr Joe on: https://joeasamoah.com/welcome/ https://joeasamoah.com/section8course/ Dr Joe Asamoah on Instagram Dr Joe Asamoah on Facebook --- Connect with Nick Lamagna www.NickNickNick.com Click Here for all social media links and podcast options Free Checklist On How To Add Value To Your Buyers Like what you hear? Leave a rating & review by clicking here 

Creating Wealth Real Estate Investing with Jason Hartman
1757: Hyperinflation, John Hyre, Death of SDIRA Retirement Plans Part 2

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Oct 27, 2021 47:42


It's part 2 of our interview with John Hyre, a tax attorney sounding the alarm on what the law makers are doing to control YOUR retirement funds, covertly slipping in legislation that will affect your SDIRAs, IRAs, ROTHs, 401ks etc. The Democratic House is looking to gut self-directed retirement accounts (especially IRAs, possibly 401(k)s and Solo 401(k)s), and they are attempting to do it very quietly and very quickly. You can stand by and do nothing…and pay the price, literally. Or you can fight. To protect your retirement (or the funds that feed your business if you raise money from SDIRAs/401(k)s), you will need to fight promptly and loudly. Procrastinators are useless in this fight. On “how to fight it” visit the sites listed below. Key Takeaways: [1:41] The World is a Small Place [4:30] Florida Housing Market [6:30] The English Language is a Thief [8:36] Dead Poets Society [9:20] The Dollar as a Language [9:48] Packaged Commodities Investing [13:25] A Leftist's Inflation Warning Under Biden  [14:40] What is Hyperinflation [21:07] Creating Wealth Virtual Event [22:22] Tell Your Story to Legislature [23:17] Tips for Jason's Investors [26:13] The J-Lo Benefit [27:42] C-Corp, S-Corp, LLC, Property Management, Rentals, [38:50] The Augusta Rule [42:05] Ken McElroy and the Collective   Tweetables: Geography is less meaningful than it's ever been in human history. Jason Hartman A government that is broke becomes predatory on it's citizens. Jason Hartman The government is trying to force you off of Main Street into Wall Street. John Hyre They're building a Berlin Wall out of paper backed by guns. They don't care if you leave; but your money needs to stay. John Hyre You don't want the tax tail to wag the economic dog. John Hyre   Websites: HandsOffMyIRA.com TaxReductionClass.com TaxReductionLawyer.com TheCollectiveMastermind.com   The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year???  This will be devastating to some and an opportunity to others, be sure you're on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets. Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com Jason's TV Clips: https://vimeo.com/549444172  Asset Protection, Tax Savings & Estate Planning: http://JasonHartman.com/Protect  What do Jason's clients say? http://JasonHartmanTestimonials.com Easily get up to $250,000 in funding for real estate, business or anything else  http://JasonHartman.com/Fund  Call our Investment Counselors at: 1-800-HARTMAN (US) or visit www.JasonHartman.com  Guided Visualization for Investors: http://jasonhartman.com/visualization    

WSJ Minute Briefing
Hertz Links Up With Uber to Offer Tesla Rentals

WSJ Minute Briefing

Play Episode Listen Later Oct 27, 2021 1:52


Plus: General Motors profit sinks amid computer-chip shortage. Merck's Covid-19 pill licensed to U.N.-backed nonprofit to increase global supplies. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Going Galindo: Rugrats & Renovations
How NOT to Manage Your Rentals- PART II

Going Galindo: Rugrats & Renovations

Play Episode Listen Later Oct 27, 2021 23:50


You asked, we answered! Today's episode covers the most common questions we received in response to our episode on how NOT to manage your rental properties. Josh and Krystal address topics including when to use a property manager, the most valuable clauses to add into your lease, calculating a rental deposit, serving a notice to your tenants to vacate the property, running background and credit checks, and much more! Thank you to our sponsors:-The Robert Coomer Group - www.therobertcoomergroup.com-The House of Vegas - www.houseofvegashomestaging.com

Shed Geek Podcast
SmartPay Rentals - David Miller and Richard Miller

Shed Geek Podcast

Play Episode Listen Later Oct 27, 2021 26:04


On this episode of the Shed Geek Podcast, we talk with David and Richard Miller from SmartPay Rentals! We go way back with these two guys, this is where the Geeks started their journey in RTO. So listen in as the Geeks talk about their experiences with SmartPay and all the great stories that Dave and Richard have to offer.Located in scenic Lancaster County, Pennsylvania, SP partners with dealers to make rent-to-own available to customers across the United States. Their rent-to-own service provides their customers with an easy solution for their storage needs. Why drive across town when you could rent an attractive shed right in your back yard, and at about the same price per square foot as the self-storage unit? And upon successfully completing rental agreement, our customers take ownership of the portable building with no additional out of pocket expense.To know more about SmartPay Rentals, visit their website here.For more information or to know more about the Shed Geek Podcast visit us at our website.Follow us on Twitter, Instagram, Facebook, or YouTube at the handle @shedgeekpodcast.To be a guest on the Shed Geek Podcast visit our website and fill out the "Contact Us" form.To suggest show topics or ask questions you want answered email us at info@shedgeek.com.This episodes Sponsors:High Barn: The Shed AppMini Barn: Garage Shed Carport Builder MagazineMini Barn: shedsforsale.com Sheds For Sale Are you a shed manufacturer or shed dealer with inventory? Do you want to be more visible online?

Edge of NFT Podcast
John Nahas and Jay Kurahashi-Sofue of Avalanche, Plus: TikTok's Messy NFT Gambit, FTX Solana-NFTs, NFT Rentals, And More...

Edge of NFT Podcast

Play Episode Listen Later Oct 25, 2021 64:21


As the digital world evolves, NFTs become an ever more serious investment option within a decentralized online community. This savvy community craves open-source solutions that are fast and accurate. Enter Avalanche, the first decentralized smart contacts platform built for the scale of global finance with near-instant transaction finality. Avalanche‘s John Nahas and Jay Kurahashi-Sofue join Jeff Kelley, Eathan Janney, and Josh Kriger to talk about the various projects they are working on, especially their collaboration with Topps Baseball Cards. John and Jay delve into their mission to make NFTs more accessible through incentive programs. They also discuss various hot topics, from TikTok's messy NFT gambit to the latest developments in NFT rentals.

Straight Up Chicago Investor
Episode 97: Chicago Permits and Zoning 101 with Samuel Pavlovcik

Straight Up Chicago Investor

Play Episode Listen Later Oct 21, 2021 46:45


Samuel Pavlovcik is a distinguished self-certified architect who specializes in working with investors in Chicago and the surrounding villages and suburbs. Today Samuel walks us through the different permits in Chicago, the nuances of Chicago's permitting process, and also what to expect when applying for a zoning variance.  Samuel presents a candid overview consisting of expected wait times, gotchas to avoid, and what investors need to know and provide based on his experience of processing 100+ permits per year. Samuel provides a ton of valuable information that can set you up for success and minimize your headaches when dealing with the city. Referenced zoning cheat sheet - https://www.straightupchicagoinvestor.com/zoning-cheat-sheet Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Samuel Pavlovcik of Pavlovcik Architecture Link: Additional Dwelling Units (ADU) Ordinance Link: Zoning rules - Chicago Link: How to Win Friends & Influence People: Dale Carnegie: 8937485909400 Link: Stop Working and Start Living: How Building Your Dream Business Can Transform Your Life! Link: Home - Institute for Housing Studies - DePaul University Link: Chicago Residential Zoning Cheat Sheet Sponsor: Appeal.tax ----------------- Guest Questions How did you get into architecture? 6:00 Intro to Chicago permit process? 8:00 What does it take to be self certified? 9:45 Why would someone not get self certified? 11:30 What action always requires full plans and permits? 14:50 Differences in zoning categories? 22:30 How to get a zoning change? 27:15 Why is RM-5 beneficial to an investor? 29:50 What is Floor Area Ratio? 31:30 How does the ADU ordinance benefit investors and what is the process like? 34:30 Wrap Up Questions What is your competitive advantage? 40:00 Advice for new investors? 41:15 What do you do for fun? 41:45 Self Development activity? 42:10 Local Network Recommendation? 43:15 That's our show! Thanks for listening! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.

Straight Up Chicago Investor
Episode 96: Straight-Up Tues Tip 14

Straight Up Chicago Investor

Play Episode Listen Later Oct 19, 2021 10:43


How can I successfully operate properties in C/D areas? Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jared Kott of Marblestone Properties ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.

Rental Income Podcast With Dan Lane
Here's How Much Money He's Making With 8 Rentals With Bryan Bokowy (Ep 337)

Rental Income Podcast With Dan Lane

Play Episode Listen Later Oct 19, 2021 19:46


Bryan shares how he had a rough start buying rentals. It took him 3 years to turn around his first 4-plex.On this episode, we talked about how he turned things around, raised rents, and turned a building with a lot of deferred maintenance into a property with great cash flow.Bryan recently closed on his second property. We talk about how he used the equity he created with his first property to buy his second.

Oil and Gas Onshore Podcast
From the Ice to the Oilfield with Charlie Simmer, Sales and Business Development at Total Oilfield Rentals (OGOS144)

Oil and Gas Onshore Podcast

Play Episode Listen Later Oct 18, 2021 66:12


Welcome to the Oil and Gas Onshore podcast — brought to you by TechnipFMC on the Oil and Gas Global Network, the largest and most listened-to podcast network for the oil and energy industry. In this episode Justin talks with Charlie Simmer to hear his journey from small town Canadian boy to making his way to the NHL. Charlie shares the parallels between sports and business and how he's applied his skillset gained in pro sports into his career in oil and gas. LinkedIn profile link: https://www.linkedin.com/in/charlie-simmer-a38aab161/ Website link: http://www.totaloilfield.ca/ We'd like to highlight some fascinating technology provided by our sponsor, TechnipFMC. Their new and integrated iComplete™ ecosystem is digitally enabled and delivers efficiency benefits by dramatically reducing components and connections while simultaneously providing real-time data to operators about the #wellpad operations. TechnipFMC is continuing to push the limits in order to achieve full frac automation. To discover more about all the benefits of iComplete™ click the link in the show notes or check them out on linkedin: https://lnkd.in/eeSVvcc TechnipFMC Giveaway https://lp.constantcontactpages.com/su/pcEvkKz/OGGN Ogio Dome duffle bag Yeti 20 oz purple tumbler Executive power bank Columbia neck gator AcePods 2.0 - True Wireless Stereo (TWS) Bluetooth Ear Buds More Oil and Gas Global Network Podcasts OGGN.com – https://oggn.com/podcasts OGGN Street Team LinkedIn Group – https://www.linkedin.com/groups/12458373/ OGGN on Social LinkedIn Group | LinkedIn Company Page | Facebook | modalpoint | OGGN OGGN Events Get notified each month Justin Gauthier LinkedIn

Straight Up Chicago Investor
Episode 95: Navigating the Ins and Outs of Affordable Housing

Straight Up Chicago Investor

Play Episode Listen Later Oct 14, 2021 45:03


After being routinely recognized as a successful multifamily broker, Kyle Shoemaker set out to create a rare brokerage that focuses solely on affordable housing. Kyle is a true expert and walks us through the nuances of affordable housing and unique challenges and opportunities presented in this space. Affordable housing can be complicated, which is why so few people specialize in it, but it is a great way to provide a seriously underserved need while sustaining a profitable business. Listen in on how you can dip your toes into this massive market. Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Kyle Shoemaker of Affordable Housing Investment Brokerage Link: Home Landlords Project Based Voucher Link: What Is Section 42 Housing? Link: Low-Income Housing Tax Credit (LIHTC) | HUD USER Link: Promoting the Stabilization of Communities Link: S.1136 - 117th Congress (2021-2022): Affordable Housing Credit Improvement Act of 2021 Link: Season 1, Episode 1 - Six Stories Link: Applegate & Thorne-Thomsen: A Law Firm focused on Affordable Housing & Community Development Sponsor: Appeal.tax   Sponsor: Pavelchak Architecture ----------------- Guest Questions How did you get into real estate? 6:20 What is affordable housing? 8:45 Housing based projects in Chicago? 10:15 What are the standards required to keep these contracts? 15:00 Section 42. 16:42 What are the challenges to get into this space? 23:10 How are these buildings marketed? 28:30 Why are there not more of these contracts? 29:30 How do the financials look compared to a conventional multifamily project? 35:00 Where do you see affordable housing going in the United States? 36:45 Wrap Up Questions What's your competitive advantage? 39:00 Advice to get into affordable housing? 39:30 What do you do for fun? 40:24 Self development? 40:45 Network recommendation? 42:25 How can we learn more about you? 42:40 That's our show! Tune in next week! ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2021.

Rental Income Podcast With Dan Lane
Investing In Rentals When You Live In An Expensive Area With Josh Bast (Ep 336)

Rental Income Podcast With Dan Lane

Play Episode Listen Later Oct 12, 2021 21:07


Josh wanted to invest in rentals, but the numbers didn't work in the area that he lives. Real Estate is too expensive, and the rents aren't high enough to make a profit.On this episode, Josh talks about how he found a less expensive area, and with the help of a good Realtor he has been able to buy rentals and build monthly passive income

The Dave Ramsey Show
Should I Sell My Rentals While the Market Is Hot? (Hour 3)

The Dave Ramsey Show

Play Episode Listen Later Sep 27, 2021 40:32


Debt, Savings, Home Selling As heard on this episode: Zander: https://bit.ly/2JcfkGy  Sign up for a FREE trial of Ramsey+ TODAY: https://bit.ly/3rZTUAx Tools to get you started:  Debt Calculator: https://bit.ly/2Q64HME Insurance Coverage Checkup: https://bit.ly/3sXwUn5 Complete Guide to Budgeting: https://bit.ly/3utmVXi Check out more Ramsey Network podcasts: https://bit.ly/3fHhbVE