Podcasts about tenants

This week, the boys head to London and Paris to discuss 1948's “The Red Shoes”! Our first Powell and Pressburger film; we got to drinking and kept it positive while talking about this absolute classic. From groundbreaking dance sequences to technical achievement to sensational performances, this film blew us away almost as hard as it did Martin Scorsese, who stole some filmmaking ideas for “Raging Bull” and led a restoration effort on this film. John also talked about “Digger”… sort of, and John and Jeff discussed “Resident Evil” (2026). Grab a beer and listen along! inktr.ee/theloveofcinema - Check out our YouTube page!  Our phone number is 646-484-9298. It accepts texts or voice messages.  0:00 Intro; 8:06 “Resident Evil” (2026) mini-review; 16:58 “Digger” (2026) mini-review; 20:42 1948 Year in Review; 38:10 “The Red Shoes”: Films of 1948; 1:16:57 What You Been Watching?; 1:26:34 Next Week's Episode Teaser.  Additional Cast/Crew: Tom Cruise, Alejandro Inarritu,  Austin Abrams, Zach Cregger, Shay Hatten, Zach Cherry, Kali Reis, Paul Walter Hauser, Will Merrick, Griggin Newman, Emily Piggford, Isla Mcrae, Sara Paxton, Jez Butterworth, Riz Ahmed, John Goodman, Sandra Huller, Emma D'Arcy, Jesse Plemons, Michael Stuhlbarg, Sabina Berman, Alexander Dinelaris, Anton Walbrook, Marius Goring, Moira Shearer, Robert Helpmann, Albert Bassermann, Leonide Massine, Esmond Knight, Austin Trevor, Irene Browne, Hans Christian Andersen, Hein Heckroth, Jack Cardiff, Brian Easdale. Hosts: Dave Green, Jeff Ostermueller, John Say Edited & Produced by Dave Green. Beer Sponsor: Carlos Barrozo Music Sponsor: Dasein Dasein on Spotify: https://open.spotify.com/artist/77H3GPgYigeKNlZKGx11KZ 
Dasein on Apple Music: https://music.apple.com/us/artist/dasein/1637517407 Recommendations: Resident Evil, Slow Horses, Lanterns, The Pianist, some true crime about an autistic boy who probably killed his mother and wealthy ass grandfather? Backrooms- HBOMAX, Toy Story 5, Strange New Worlds, Reacher, Beauty and the Beast, The Little Mermaid, Forrest Gump, The Roustabout, Munich, the Hunt for Red October, Patriot Games, Jack Ryan, The Sum of All Fears, The Eye in The Sky, 70mm imax The Odyssey,  Additional Tags: Dolby Cinemas, Peter Parker, Stanley Kubrick, Argentina, Spain, England, France, The Odyssey, Christopher Nolan, Moana, Toy Story 5, Focus Features, A24, Curry Barker, The Tenant, Rosemary's Baby, The Pianist, Cul-de-Sac, AI, The New York City Marathon, Apartments, Tenants, AMC, IMAX Issues, Tron, The Dallas Cowboys, Short-term memory loss, Warner Brothers, Paramount, Netflix, AMC Times Square, Academy Awards, BFI, BAFTA, BAFTAS, Adelaide, Australia, Queensland, New South Wales, Melbourne, The British, England, The SEC, HBO Max, Amazon Prime, casket maker, Seven Samurai, Roshomon, Sergio Leone, Clint Eastwood, Stellan Skarsgard, the matt and mark movie show, The Southern District's Waratah Championship, Night of a Thousand Stars, The Pan Pacific Grand Prix (The Pan Pacifics), Jeff Bezos, Rupert Murdoch, Larry Ellison, David Ellison, Elon Musk, Mark Zuckerberg. 

October 1st marks the start of heat season in New York City, when landlords are legally required to keep buildings warm... but getting a landlord to actually fix a heat problem can be its own battle. Tenants' rights attorney Leah Goodridge walks us through what tenants are entitled to and the steps she, herself, took to get the hot water back in her apartment. Then, WNYC and Gothamist housing reporter David Brand breaks down landlords' perspective on why heat repairs can take as long as they do and also what the city's new policy requiring inspectors to check every complaint individually means for New Yorkers.Photo: Spencer Platt/Getty ImagesGot any questions, comments or story ideas? Send us a message at NYCNow@WNYC.org.Mamdani must redo his pied-à-terre tax rollout, NY judge ordersWhat Trump's Title IX rollback means for LGBTQ+ students in New York Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Your Basement Flooded. The Water Is Gone. But What If It Still Smells? Edmonton's unusually wet summer created serious problems for homeowners, landlords and tenants. Basements flooded, roofs leaked, restoration companies became overwhelmed, and months later some property owners are still trying to put their homes back together. Today's episode starts with a detailed question from an Edmonton real estate investor whose basement suites flooded during the summer. The restoration company removed drywall and flooring, dried the basement and reported that mold or mildew remediation wasn't required. But there's one problem: the tenant still detects an odor they believe smells like mold or mildew. What do you do before rebuilding everything? Wayne and Gabby's Experience With Flooded Properties This wasn't a hypothetical situation for Wayne and Gabby. Their portfolio experienced more than $100,000 in expenses related to this summer's rain and flooding. Some properties had relatively minor problems, while others required substantial work. One property remains vacant while they work through multiple sources of water intrusion and prepare to complete the renovation. Wayne explains why this year reinforced one of their biggest investing principles: cash flow isn't spending money. They keep the cash flow generated by their portfolio in reserves so that unexpected events don't force them to borrow money, sell properties or scramble for capital. The flood was expensive. But because they were prepared for an unexpected event, it didn't threaten the portfolio. Can a Basement Still Smell After Remediation? Wayne and Gabby have noticed lingering smells during some restoration projects. Their experience, however, has been that those smells disappeared once the renovation was fully completed. Wayne compares it to renovating extremely distressed properties. Cigarette smoke, animal odors and other smells can seem impossible to eliminate when you first enter a property. After proper cleaning, new flooring, paint, baseboards and other improvements, the finished property can smell completely different. That doesn't mean a property owner should assume an odor is harmless. The first priority is determining whether the remediation was completed correctly. What Should You Verify With the Restoration Company? Gabby suggests confirming exactly what the remediation company did. Was damaged material removed? Was disinfectant applied? Was proper drying equipment used? Were moisture levels checked before reconstruction was approved? Those are important questions because the goal isn't simply to hide an odor. It's to make sure the property has actually been properly remediated before rebuilding it. Should You Get a Second Opinion? One of the most practical suggestions from today's conversation is to bring in another restoration professional if you aren't confident in the first company's assessment. There are two different perspectives in this particular situation. The tenant believes they smell something. The restoration company says the property is ready. Gabby's suggestion is to introduce an independent third perspective. That could mean the landlord inspecting the property personally or asking another qualified restoration company to assess the work and provide a second opinion before the walls and flooring go back in. Wayne and Gabby agree that cutting corners doesn't make sense. Tearing a finished basement apart again because something was missed would be far more disruptive and expensive. Flooding Is a Landlord Responsibility Wayne also discusses something they saw repeatedly in Edmonton this summer: tenants looking for new rentals because their existing landlords hadn't properly repaired flooded basements. Removing standing water isn't the end of the job. A landlord has a responsibility to properly address water damage and make sure the property is safe before putting everything back together. Wayne emphasizes that the investor who submitted today's question appears to be taking that responsibility seriously. The fact that they're considering an independent environmental assessment demonstrates how seriously they're approaching the problem. The Bigger Investing Lesson: Build Your Reserves Flooding is also a reminder that owning rental property means dealing with expenses you can't predict. Wayne and Gabby's philosophy is to avoid spending the cash flow produced by their properties, particularly during the early years of ownership. Instead, cash flow builds reserves. A portfolio that looks fantastic on paper but doesn't have enough money available to handle a major repair is vulnerable. That's one reason Wayne uses the 5% Rule™ when evaluating properties: (Annual Cash Flow ÷ Down Payment) × 100 5–6% = sufficient 7–9% = strong 10%+ = excellent Cash flow creates the cushion that helps an investor survive the things nobody included in the original spreadsheet. Rapid-Fire: Edmonton's Rental Market The episode finishes with several investor questions. Wayne describes Edmonton's current rental market as highly competitive, with considerable rental supply giving tenants more choices. His expectation is that landlords will need to compete harder for strong tenants and that some rents may soften. At the same time, Wayne says he's currently achieving some of the strongest investment returns of his career. His distinction is important: a difficult rental market doesn't necessarily mean a bad acquisition market. Investors need to buy the right property and become much better at marketing and operating their rentals. How Should Someone Learn Real Estate Investing? Wayne's answer is education before acquisition. Understand how to choose a market, analyze a property and operate the investment before committing your savings or someone else's capital. The Canadian Real Estate Investing Morning Show provides free education and coaching every weekday morning at 7:00 AM Mountain Time. How Do You Buy More Properties When You've Run Out of Money? Wayne's rapid-fire answer: seller financing. Seller financing, including Agreements for Sale, played a major role in Wayne and Gabby's early portfolio growth. Rather than relying entirely on their own down payments or conventional financing, they learned how to structure transactions where the seller provided financing. It's one of Wayne's favourite strategies for experienced investors who understand how to buy and operate rental properties but have exhausted their available capital. REI Masters Mentorship Special Join the REI Masters Mentorship Program by October 3, 2026 and receive 24 months of mentorship for the price of 12. New members also receive entry to the REI Masters Retreat in Edmonton on October 16–17, 2026. www.reimasters.ca Canadian Real Estate Investing Morning Show Hosted by Wayne Hillier and Gabby Hillier. Live every weekday at 7:00 AM Mountain Time from Edmonton, Alberta. Sponsors Calvin Realty – Edmonton Investor-Focused Realtor Team www.calvinrealty.ca Finngo Bookkeeping & Tax Specialized bookkeeping and tax services for Canadian real estate investors. www.finngo.com/rei Kirkwood & Brennan Mortgage Group Investor-focused mortgage planning for Canadian real estate investors. www.kbmortgages.ca keaton@kbmortgages.ca

Your Basement Flooded. The Water Is Gone. But What If It Still Smells? Edmonton's unusually wet summer created serious problems for homeowners, landlords and tenants. Basements flooded, roofs leaked, restoration companies became overwhelmed, and months later some property owners are still trying to put their homes back together. Today's episode starts with a detailed question from an Edmonton real estate investor whose basement suites flooded during the summer. The restoration company removed drywall and flooring, dried the basement and reported that mold or mildew remediation wasn't required. But there's one problem: the tenant still detects an odor they believe smells like mold or mildew. What do you do before rebuilding everything? Wayne and Gabby's Experience With Flooded Properties This wasn't a hypothetical situation for Wayne and Gabby. Their portfolio experienced more than $100,000 in expenses related to this summer's rain and flooding. Some properties had relatively minor problems, while others required substantial work. One property remains vacant while they work through multiple sources of water intrusion and prepare to complete the renovation. Wayne explains why this year reinforced one of their biggest investing principles: cash flow isn't spending money. They keep the cash flow generated by their portfolio in reserves so that unexpected events don't force them to borrow money, sell properties or scramble for capital. The flood was expensive. But because they were prepared for an unexpected event, it didn't threaten the portfolio. Can a Basement Still Smell After Remediation? Wayne and Gabby have noticed lingering smells during some restoration projects. Their experience, however, has been that those smells disappeared once the renovation was fully completed. Wayne compares it to renovating extremely distressed properties. Cigarette smoke, animal odors and other smells can seem impossible to eliminate when you first enter a property. After proper cleaning, new flooring, paint, baseboards and other improvements, the finished property can smell completely different. That doesn't mean a property owner should assume an odor is harmless. The first priority is determining whether the remediation was completed correctly. What Should You Verify With the Restoration Company? Gabby suggests confirming exactly what the remediation company did. Was damaged material removed? Was disinfectant applied? Was proper drying equipment used? Were moisture levels checked before reconstruction was approved? Those are important questions because the goal isn't simply to hide an odor. It's to make sure the property has actually been properly remediated before rebuilding it. Should You Get a Second Opinion? One of the most practical suggestions from today's conversation is to bring in another restoration professional if you aren't confident in the first company's assessment. There are two different perspectives in this particular situation. The tenant believes they smell something. The restoration company says the property is ready. Gabby's suggestion is to introduce an independent third perspective. That could mean the landlord inspecting the property personally or asking another qualified restoration company to assess the work and provide a second opinion before the walls and flooring go back in. Wayne and Gabby agree that cutting corners doesn't make sense. Tearing a finished basement apart again because something was missed would be far more disruptive and expensive. Flooding Is a Landlord Responsibility Wayne also discusses something they saw repeatedly in Edmonton this summer: tenants looking for new rentals because their existing landlords hadn't properly repaired flooded basements. Removing standing water isn't the end of the job. A landlord has a responsibility to properly address water damage and make sure the property is safe before putting everything back together. Wayne emphasizes that the investor who submitted today's question appears to be taking that responsibility seriously. The fact that they're considering an independent environmental assessment demonstrates how seriously they're approaching the problem. The Bigger Investing Lesson: Build Your Reserves Flooding is also a reminder that owning rental property means dealing with expenses you can't predict. Wayne and Gabby's philosophy is to avoid spending the cash flow produced by their properties, particularly during the early years of ownership. Instead, cash flow builds reserves. A portfolio that looks fantastic on paper but doesn't have enough money available to handle a major repair is vulnerable. That's one reason Wayne uses the 5% Rule™ when evaluating properties: (Annual Cash Flow ÷ Down Payment) × 100 5–6% = sufficient 7–9% = strong 10%+ = excellent Cash flow creates the cushion that helps an investor survive the things nobody included in the original spreadsheet. Rapid-Fire: Edmonton's Rental Market The episode finishes with several investor questions. Wayne describes Edmonton's current rental market as highly competitive, with considerable rental supply giving tenants more choices. His expectation is that landlords will need to compete harder for strong tenants and that some rents may soften. At the same time, Wayne says he's currently achieving some of the strongest investment returns of his career. His distinction is important: a difficult rental market doesn't necessarily mean a bad acquisition market. Investors need to buy the right property and become much better at marketing and operating their rentals. How Should Someone Learn Real Estate Investing? Wayne's answer is education before acquisition. Understand how to choose a market, analyze a property and operate the investment before committing your savings or someone else's capital. The Canadian Real Estate Investing Morning Show provides free education and coaching every weekday morning at 7:00 AM Mountain Time. How Do You Buy More Properties When You've Run Out of Money? Wayne's rapid-fire answer: seller financing. Seller financing, including Agreements for Sale, played a major role in Wayne and Gabby's early portfolio growth. Rather than relying entirely on their own down payments or conventional financing, they learned how to structure transactions where the seller provided financing. It's one of Wayne's favourite strategies for experienced investors who understand how to buy and operate rental properties but have exhausted their available capital. REI Masters Mentorship Special Join the REI Masters Mentorship Program by October 3, 2026 and receive 24 months of mentorship for the price of 12. New members also receive entry to the REI Masters Retreat in Edmonton on October 16–17, 2026. www.reimasters.ca Canadian Real Estate Investing Morning Show Hosted by Wayne Hillier and Gabby Hillier. Live every weekday at 7:00 AM Mountain Time from Edmonton, Alberta. Sponsors Calvin Realty – Edmonton Investor-Focused Realtor Team www.calvinrealty.ca Finngo Bookkeeping & Tax Specialized bookkeeping and tax services for Canadian real estate investors. www.finngo.com/rei Kirkwood & Brennan Mortgage Group Investor-focused mortgage planning for Canadian real estate investors. www.kbmortgages.ca keaton@kbmortgages.ca

In today's DMN Morning Debrief, Morgan Stanley makes its Dallas hub official, conservative groups reshape ad spending in the Texas Senate race, and former Mesquite apartment tenants win relocation money after unsafe living conditions. Plus, will the rivalry between Texas and Delaware hit a boiling point soon?  This digest was partially generated by AI and then reviewed and edited by our newsroom staff. Learn more: dallasnews.com/ai_use. We welcome your feedback: audience@dallasnews.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is the 4PM All-Local update on Tuesday, Sept. 29.

This week we explore Matthew 21:33-46, in which Jesus tells a story about a vineyard leased to tenants – very bad tenants.  What does it look like to be a good tenant of God's realm?© Kate Heichler, 2026. To receive Water Daily by email each morning, subscribe here. Here are the bible readings for next Sunday. 

September 29th was one of the biggest days of the Tudor year, and most of us have never heard of it. Michaelmas, the feast of St Michael and All Angels, was when rent came due, farm servants' contracts ran out, London chose its Lord Mayor, and the lawyers and students all headed back to town. It was also goose day, and the reason tenants turned up at the landlord's door with a goose under their arm is funnier (and a little sadder) than you'd think. This is episode 1 of a four-part series on how the Tudors got ready for autumn. In this one:

Which Canadian Cities Are Most Exposed to U.S. Tariffs? Tariffs and the ongoing Canada-U.S. trade dispute are creating another layer of uncertainty for Canadian businesses, workers, landlords and real estate investors. But the impact is not going to be equal across the country. In today's episode, Wayne and Gabby look at which Canadian cities have the greatest exposure to U.S. tariffs, why certain local economies are more vulnerable than others, and what investors should be thinking about when choosing markets and building portfolios that can survive economic disruptions. The Rental Market Is Getting More Competitive Before getting into tariffs, Wayne and Gabby share an update from their own rental portfolio. A new tenant moved in early over the weekend, and Gabby explains why they were particularly happy with the tenant profile, including strong credit, good communication, insurance in place, and rent and security deposit paid ahead of time. They also discuss the changing Edmonton rental market. Tenants currently have more options in certain property categories, which means landlords may have to work harder to attract strong applicants. Wayne and Gabby currently have multiple renovation crews moving between properties, but these aren't simply renovations for the sake of improving a property. They're strategic improvements designed to make their rentals more competitive, reduce vacancy and help achieve stronger rents. When supply increases, being "good enough" may not be enough. Presentation, pricing, tenant experience and property condition become increasingly important. What Happens When a Tenant Moves In Before the Lease Starts? A live viewer asked an important landlord question: If you allow a tenant to move in before the official lease date, does that create additional liability? Gabby walks through three things landlords should consider: • Update the lease commencement date and have the appropriate parties acknowledge the change. • Make sure the tenant's insurance begins on the actual possession date. • Collect the required rent and security deposit before possession is provided. Landlords can also decide whether to charge prorated rent for the additional days. In this particular situation, Wayne and Gabby chose not to charge extra because the property was already vacant and the early possession was only a matter of days. Real Estate Investors Need to Build for the Storm One of the biggest themes of today's episode is that economic disruptions are inevitable. Oil crashes, pandemics, rapidly rising interest rates, flooding, trade disputes and other unexpected events continually test real estate investors. Wayne's argument is that investors shouldn't build portfolios that only work when everything goes right. They should buy properties with enough cash flow and financial cushion to withstand periods when things go wrong. He discusses an example of a mentorship student's property generating approximately $670 per month in cash flow. That cushion gives the investor significantly more room to absorb higher expenses, lower rents or other unexpected changes than a property operating close to break-even. Cash flow isn't spending money. It's a risk mitigator. The 5% Rule and Surviving Economic Disruptions Wayne returns to the cash flow framework from his book, The 5% Rule™: A Real Estate Cash Flow Test for Canadian Investors. The formula is: (Annual Cash Flow ÷ Down Payment) × 100 5–6% = sufficient 7–9% = strong 10%+ = excellent Wayne's position is that investors should be buying properties capable of producing meaningful cash flow without depending on appreciation. The greater the cushion, the better positioned the investor is to deal with vacancies, declining rents, higher financing costs and economic shocks. Search "The 5% Rule by Wayne Hillier" on Amazon to learn more. Which Canadian Cities Are Most Exposed to U.S. Tariffs? The episode then examines Canadian cities whose economies have particularly strong exposure to trade with the United States. The industries highlighted include: • Energy in Alberta and New Brunswick • Automotive and manufacturing in Southern Ontario • Steel in Hamilton • Aluminum, forestry and manufacturing in Quebec Saint John, New Brunswick ranked at the top of the tariff exposure index discussed during the show, followed by Calgary. Calgary's position is particularly interesting for Alberta investors. The city's economy has significant exposure to the corporate and export side of Canada's energy industry, and an enormous percentage of its international merchandise exports are destined for the United States. Southern Ontario also features prominently because of its deeply integrated manufacturing and automotive supply chains. Windsor, Kitchener-Cambridge-Waterloo, Brantford and Guelph were among the markets discussed. Hamilton's steel industry creates another form of exposure, while several Quebec communities face risks connected to aluminum, forestry and manufacturing. Lethbridge also appeared among the top 10, although Wayne emphasizes that simply appearing on the list doesn't mean every city faces an equivalent level of exposure. There is a substantial difference between the exposure measurements at the top and bottom of the list. Edmonton vs. Calgary For Wayne, one of the most interesting comparisons is Edmonton versus Calgary. Although both cities are part of an energy-producing province, their economic structures are different. Calgary's economy has greater direct exposure to the corporate and export side of energy. Edmonton still has significant connections to energy, manufacturing and industrial activity, but its economy also includes substantial government, healthcare, education, construction and other sectors. In the ranking discussed during the episode, Edmonton was considerably further down the list at 24th. Wayne explains why economic diversification is one of the fundamentals he considers when choosing a real estate market. No market is immune to economic shocks, but he wants to invest in large markets with strong economies and enough diversification to absorb them. That resilience is one of the reasons Wayne continues to favour Edmonton real estate investing. Don't Wait for Perfect Conditions The takeaway isn't that investors should stop buying real estate because tariffs, interest rates or economic uncertainty exist. There is always another challenge coming. Wayne and Gabby's strategy is to build portfolios that can survive those challenges through strong cash flow, adequate reserves, appropriate tenant profiles, careful market selection and disciplined buying. Waiting for perfect conditions isn't the strategy. Preparing for imperfect conditions is. REI Masters Mentorship Special For a limited time, anyone who joins the REI Masters Mentorship Program before October 3, 2026 receives 24 months of mentorship for the price of 12. You'll also receive entry to the upcoming REI Masters Retreat in Edmonton on October 17–18. Learn more: www.reimasters.ca Canadian Real Estate Investing Morning Show Hosted by Wayne Hillier and Gabby Hillier. Broadcasting live every weekday at 7:00 AM Mountain Time from Edmonton, Alberta. Bring your real estate investing questions and join the conversation live. Sponsors Calvin Realty – Edmonton Investor-Focused Realtor Team www.calvinrealty.ca Finngo Bookkeeping & Tax Specialized bookkeeping and tax services for Canadian real estate investors. www.finngo.com/rei Kirkwood & Brennan Mortgage Group Investor-focused mortgage planning for Canadian real estate investors. www.kbmortgages.ca keaton@kbmortgages.ca

Fort Worth landlords often struggle with vacancies despite strong demand. Today's episode reveals why outdated marketing fails and shares professional strategies, virtual tours, competitive pricing, and digital outreach, to attract qualified tenants fast and protect your bottom line.Learn more at https://westromgroup.com/ Westrom Group Property Management City: Haslet Address: 1297 Avondale-Haslet Road Website: https://westromgroup.com

Which Canadian Cities Are Most Exposed to U.S. Tariffs? Tariffs and the ongoing Canada-U.S. trade dispute are creating another layer of uncertainty for Canadian businesses, workers, landlords and real estate investors. But the impact is not going to be equal across the country. In today's episode, Wayne and Gabby look at which Canadian cities have the greatest exposure to U.S. tariffs, why certain local economies are more vulnerable than others, and what investors should be thinking about when choosing markets and building portfolios that can survive economic disruptions. The Rental Market Is Getting More Competitive Before getting into tariffs, Wayne and Gabby share an update from their own rental portfolio. A new tenant moved in early over the weekend, and Gabby explains why they were particularly happy with the tenant profile, including strong credit, good communication, insurance in place, and rent and security deposit paid ahead of time. They also discuss the changing Edmonton rental market. Tenants currently have more options in certain property categories, which means landlords may have to work harder to attract strong applicants. Wayne and Gabby currently have multiple renovation crews moving between properties, but these aren't simply renovations for the sake of improving a property. They're strategic improvements designed to make their rentals more competitive, reduce vacancy and help achieve stronger rents. When supply increases, being "good enough" may not be enough. Presentation, pricing, tenant experience and property condition become increasingly important. What Happens When a Tenant Moves In Before the Lease Starts? A live viewer asked an important landlord question: If you allow a tenant to move in before the official lease date, does that create additional liability? Gabby walks through three things landlords should consider: • Update the lease commencement date and have the appropriate parties acknowledge the change. • Make sure the tenant's insurance begins on the actual possession date. • Collect the required rent and security deposit before possession is provided. Landlords can also decide whether to charge prorated rent for the additional days. In this particular situation, Wayne and Gabby chose not to charge extra because the property was already vacant and the early possession was only a matter of days. Real Estate Investors Need to Build for the Storm One of the biggest themes of today's episode is that economic disruptions are inevitable. Oil crashes, pandemics, rapidly rising interest rates, flooding, trade disputes and other unexpected events continually test real estate investors. Wayne's argument is that investors shouldn't build portfolios that only work when everything goes right. They should buy properties with enough cash flow and financial cushion to withstand periods when things go wrong. He discusses an example of a mentorship student's property generating approximately $670 per month in cash flow. That cushion gives the investor significantly more room to absorb higher expenses, lower rents or other unexpected changes than a property operating close to break-even. Cash flow isn't spending money. It's a risk mitigator. The 5% Rule and Surviving Economic Disruptions Wayne returns to the cash flow framework from his book, The 5% Rule™: A Real Estate Cash Flow Test for Canadian Investors. The formula is: (Annual Cash Flow ÷ Down Payment) × 100 5–6% = sufficient 7–9% = strong 10%+ = excellent Wayne's position is that investors should be buying properties capable of producing meaningful cash flow without depending on appreciation. The greater the cushion, the better positioned the investor is to deal with vacancies, declining rents, higher financing costs and economic shocks. Search "The 5% Rule by Wayne Hillier" on Amazon to learn more. Which Canadian Cities Are Most Exposed to U.S. Tariffs? The episode then examines Canadian cities whose economies have particularly strong exposure to trade with the United States. The industries highlighted include: • Energy in Alberta and New Brunswick • Automotive and manufacturing in Southern Ontario • Steel in Hamilton • Aluminum, forestry and manufacturing in Quebec Saint John, New Brunswick ranked at the top of the tariff exposure index discussed during the show, followed by Calgary. Calgary's position is particularly interesting for Alberta investors. The city's economy has significant exposure to the corporate and export side of Canada's energy industry, and an enormous percentage of its international merchandise exports are destined for the United States. Southern Ontario also features prominently because of its deeply integrated manufacturing and automotive supply chains. Windsor, Kitchener-Cambridge-Waterloo, Brantford and Guelph were among the markets discussed. Hamilton's steel industry creates another form of exposure, while several Quebec communities face risks connected to aluminum, forestry and manufacturing. Lethbridge also appeared among the top 10, although Wayne emphasizes that simply appearing on the list doesn't mean every city faces an equivalent level of exposure. There is a substantial difference between the exposure measurements at the top and bottom of the list. Edmonton vs. Calgary For Wayne, one of the most interesting comparisons is Edmonton versus Calgary. Although both cities are part of an energy-producing province, their economic structures are different. Calgary's economy has greater direct exposure to the corporate and export side of energy. Edmonton still has significant connections to energy, manufacturing and industrial activity, but its economy also includes substantial government, healthcare, education, construction and other sectors. In the ranking discussed during the episode, Edmonton was considerably further down the list at 24th. Wayne explains why economic diversification is one of the fundamentals he considers when choosing a real estate market. No market is immune to economic shocks, but he wants to invest in large markets with strong economies and enough diversification to absorb them. That resilience is one of the reasons Wayne continues to favour Edmonton real estate investing. Don't Wait for Perfect Conditions The takeaway isn't that investors should stop buying real estate because tariffs, interest rates or economic uncertainty exist. There is always another challenge coming. Wayne and Gabby's strategy is to build portfolios that can survive those challenges through strong cash flow, adequate reserves, appropriate tenant profiles, careful market selection and disciplined buying. Waiting for perfect conditions isn't the strategy. Preparing for imperfect conditions is. REI Masters Mentorship Special For a limited time, anyone who joins the REI Masters Mentorship Program before October 3, 2026 receives 24 months of mentorship for the price of 12. You'll also receive entry to the upcoming REI Masters Retreat in Edmonton on October 17–18. Learn more: www.reimasters.ca Canadian Real Estate Investing Morning Show Hosted by Wayne Hillier and Gabby Hillier. Broadcasting live every weekday at 7:00 AM Mountain Time from Edmonton, Alberta. Bring your real estate investing questions and join the conversation live. Sponsors Calvin Realty – Edmonton Investor-Focused Realtor Team www.calvinrealty.ca Finngo Bookkeeping & Tax Specialized bookkeeping and tax services for Canadian real estate investors. www.finngo.com/rei Kirkwood & Brennan Mortgage Group Investor-focused mortgage planning for Canadian real estate investors. www.kbmortgages.ca keaton@kbmortgages.ca

Amanda Cruise and Ash Patel  get into the kind of opportunistic investing most people never hear about, including Ash's off-the-cuff bar acquisition hunt in Pittsburgh, how he used AI to identify the hottest district, and what he learned by bar hopping, talking to locals, and evaluating competition in real time. It is a sharp look at how operators actually source and underwrite deals when the opportunity is hiding in plain sight. Commercial lease mistakes can cost you more than rent. They can trap you in months of legal headaches, bad tenants, and avoidable losses. Ash Patel breaks down the lease clauses, eviction tactics, and investor red flags every real estate operator should know before signing the next deal. For more information, visit https://superhuman.com/. Podcast production done by⁠ ⁠Outlier Audio⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Josh and Joe from HLI Partners share their journey from brokerage to development, discuss market shifts, and reveal strategies for sourcing off-market deals and leveraging AI. They emphasize the importance of relationships, continuous learning, and adapting to market changes to scale successfully.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind: Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership: Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright: Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform! Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

In this episode, Jude Aririesike shares insights into innovative real estate tools like The Green Key and discusses strategies for effective tenant screening, property management, and building a successful real estate portfolio.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind: Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership: Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright: Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform! Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Canada's Construction Boom Is Finally Slowing Down For the last few years, Canada has been building aggressively. More apartments. More condos. More purpose-built rentals. More infill. More density. But new Statistics Canada data suggests that construction intentions are finally beginning to slow. In July 2026, the total value of building permits issued across Canada fell 17.3% to $12.2 billion. Residential permits were also down, with multi-family projects accounting for most of the residential decline. For real estate investors, this matters because new supply has been one of the biggest forces affecting rents, vacancies and property values across the country. Today, Wayne and Gabby break down what the slowdown could mean, particularly for Edmonton and Alberta. Building Permits Are Falling Statistics Canada reported that the total value of building permits across Canada declined sharply in July. Residential permit values fell as well, including a significant decline in multi-family construction intentions. Alberta also experienced a meaningful monthly decline in total permit values. The important distinction: A permit is not a completed building. It represents an intention to build. A project may still be delayed, redesigned, refinanced or abandoned altogether. That means the rental supply already under construction is still coming. But fewer new projects entering the pipeline could eventually help the market rebalance. Edmonton Still Has a Lot of Supply Coming Wayne's concern is not that Edmonton suddenly stopped building. Far from it. There are still a significant number of purpose-built rental projects already under construction or far enough through the development process that they are likely to hit the rental market. Those buildings still need to be completed. Then they need tenants. The question is: How long will it take for Edmonton to absorb all of that new rental supply? Wayne believes it could take several years. Why Developers May Be Pulling Back Wayne discusses several reasons developers may be becoming more cautious. Financing costs have changed. Construction costs have increased. Rents have softened in some segments. Vacancy has increased. And developers now have to consider the large amount of competing inventory already coming onto the market. A project that looked great two years ago may look very different today. That becomes particularly important when a development was financed using construction or bridge financing and the permanent financing available at completion no longer produces the same numbers. Construction Costs Are Still Increasing Wayne and Gabby share a recent example from one of their own townhouse investments. Shortly after purchasing units in the complex, the condominium corporation received an updated roofing quote. The final cost came in approximately $90,000 higher than expected. The condo corporation responded by temporarily increasing condo fees rather than issuing a large special assessment. The lesson was not really about condo fees. It was about construction costs. If replacing shingles on a townhouse complex can suddenly cost substantially more than anticipated, developers working on multi-million-dollar projects are facing the same problem on a much larger scale. Edmonton May Have Overshot A few years ago, Edmonton had the opposite problem. Vacancy was extremely low. Rental supply was tight. Tenants were struggling to find housing. Rents were increasing quickly. Government and developers responded by creating and building more housing. Wayne and Gabby believe the market may now have moved too far in the opposite direction. The supply shortage was addressed. But construction kept coming. That creates a period where landlords may need to compete harder for tenants while the market absorbs the new units. Will Edmonton Rents Keep Falling? Wayne believes rents will continue softening in certain segments of the market. But he does not believe every rental property will be affected equally. The largest pressure may fall on property types facing the most new competition. That includes: Main-floor suites Basement suites Smaller infill units Purpose-built rental units competing for similar tenants There are simply more choices available to renters. Full Houses Could Be Different At the same time, Wayne sees a different opportunity developing in full-house rentals. If tenants search the market and see hundreds of smaller suites but very few full houses with basements, garages and yards, demand can shift toward the scarcer product. That is an important distinction. Saying: "Edmonton rents are falling" is too broad. The better question is: Which rents are falling? Different asset classes can behave completely differently inside the same city. The Supply and Demand Lesson This is ultimately a supply-and-demand story. When rental supply is too low, rents increase. Developers react. Governments react. Construction increases. Eventually supply catches up. Then supply can exceed short-term demand. Vacancy rises. Rents soften. Developers become more cautious. Construction slows. Eventually the market moves toward balance again. The cycle continues. Real estate investors need to understand where they are inside that cycle. Is the Construction Boom Finally Slowing? During today's rapid-fire Q&A, Gabby asks Wayne directly: Is the new construction boom finally slowing down? Wayne's answer: Yes. But the bigger uncertainty is how long the effects will take to work through the market. Hundreds of millions of dollars of projects are already permitted or underway. Some will finish. Some may not. And the impact on rents and vacancies will take time to become clear. How Long Could Edmonton Take to Absorb the Supply? Wayne estimates that Edmonton could take approximately five to six years to fully absorb the current wave of purpose-built rental supply and return to the type of vacancy environment he considers more balanced. That is Wayne's estimate, not an official forecast. The timeline could change significantly depending on: Population growth Migration New construction Project cancellations Interest rates Employment growth Rental demand Why Cash Flow Matters More Than Ever The episode closes with a listener asking how much cash flow a rental property should have. Wayne points back to the 5% Rule™. The reason he focuses so heavily on cash flow is not because he views it as spending money. He views cash flow as protection. If rent falls by $200 but the property was producing $500 per month, the investor still has room. If the property was only producing $100, that same rent decline pushes it negative. Multiply that across a large portfolio and small differences become significant. Cash Flow Is a Risk Mitigator Wayne describes cash flow as the ultimate risk mitigator. It protects investors against: Lower rents Higher vacancy Higher interest rates Unexpected repairs Rising operating expenses Market downturns Investors cannot control all of those variables. But they can control how much margin they build into the property when they buy it. What About Fort McMurray? A listener also asks about Fort McMurray. Wayne says he has heard positive things recently about rental demand in the market. However, he remains cautious because Fort McMurray has historically been a more cyclical, boom-and-bust market. For Wayne, predictability matters. He prefers markets where he feels more confident about long-term tenant demand and the sustainability of the rental business. The 5% Rule™ Want to understand how much cash flow Wayne believes a rental property should have? Search: The 5% Rule by Wayne Hillier on Amazon. Remote Property Management Course Today is the final day to receive 50% off Gabby's Remote Property Management Course. The eight-module online course teaches the systems Wayne and Gabby use to self-manage their rental portfolio remotely. Use code: 50OFF at: www.reimasters.ca REI Masters Mentorship Work directly with Wayne and Gabby on acquisitions, market selection, financing, deal analysis, property management and building a profitable Canadian real estate portfolio. www.reimasters.ca Watch the Morning Show Join Wayne and Gabby every weekday morning at 7:00 AM Mountain Time on YouTube. Follow Wayne Hillier – Real Estate Investing Coach on YouTube. Questions: info@reimorningshow.com Upcoming Event REI Masters Annual Retreat Edmonton, Alberta October 17–18, 2026 www.reimasters.ca Sponsors Calvin Realty – Edmonton Investor-Focused Realtor Team www.calvinrealty.ca Finngo Bookkeeping & Tax Specialized bookkeeping and tax services for Canadian real estate investors. www.finngo.com/rei Kirkwood & Brennan Mortgage Group Investor-focused mortgage planning for Canadian real estate investors. www.kbmortgages.ca keaton@kbmortgages.ca

Victoria's rental rules are changing, with new measures targeting rental applications, hidden fees and bidding practices. While some reforms are already in effect, more changes are set to begin from 1 October. We examine what the new rules mean for renters, landlords and the wider property market.

Finding a house in Abuja is becoming a struggle, as rising rents and additional charges put affordable accommodation out of reach for many residents.Imagine being told your annual rent is ₦800,000, only to discover that the “total package” is ₦1.5 million — as one Abuja house agent puts it.Today on Nigeria Daily, we examine Abuja's rent crisis, the role of agents and landlords, and why finding an affordable home in the nation's capital is becoming increasingly difficult.

Africa Melane speaks to Adv. Emanuel Masombuka, Chairperson of the Gauteng Rental Housing Tribunal, after a listener raised concerns about the Tribunal’s capacity to investigate rental disputes. The Tribunal confirms it has four inspectors servicing different regions of Gauteng. We unpack how complaints are investigated, how disputes are resolved and what tenants and landlords should know when seeking assistance. Early Breakfast with Africa Melane is 702’s and CapeTalk’s early morning talk show. Experienced broadcaster Africa Melane brings you the early morning news, sports, business, and interviews politicians and analysts to help make sense of the world. He also enjoys chatting to guests in the lifestyle sphere and the Arts. All the interviews are podcasted for you to catch-up and listen. Thank you for listening to this podcast from Early Breakfast with Africa Melane For more about the show click https://buff.ly/XHry7eQ and find all the catch-up podcasts here https://buff.ly/XJ10LBU Listen live on weekdays between 04:00 and 06:00 (SA Time) to the Early Breakfast with Africa Melane broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3N Subscribe to the 702 and CapeTalk daily and weekly newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Canada's Construction Boom Is Finally Slowing Down For the last few years, Canada has been building aggressively. More apartments. More condos. More purpose-built rentals. More infill. More density. But new Statistics Canada data suggests that construction intentions are finally beginning to slow. In July 2026, the total value of building permits issued across Canada fell 17.3% to $12.2 billion. Residential permits were also down, with multi-family projects accounting for most of the residential decline. For real estate investors, this matters because new supply has been one of the biggest forces affecting rents, vacancies and property values across the country. Today, Wayne and Gabby break down what the slowdown could mean, particularly for Edmonton and Alberta. Building Permits Are Falling Statistics Canada reported that the total value of building permits across Canada declined sharply in July. Residential permit values fell as well, including a significant decline in multi-family construction intentions. Alberta also experienced a meaningful monthly decline in total permit values. The important distinction: A permit is not a completed building. It represents an intention to build. A project may still be delayed, redesigned, refinanced or abandoned altogether. That means the rental supply already under construction is still coming. But fewer new projects entering the pipeline could eventually help the market rebalance. Edmonton Still Has a Lot of Supply Coming Wayne's concern is not that Edmonton suddenly stopped building. Far from it. There are still a significant number of purpose-built rental projects already under construction or far enough through the development process that they are likely to hit the rental market. Those buildings still need to be completed. Then they need tenants. The question is: How long will it take for Edmonton to absorb all of that new rental supply? Wayne believes it could take several years. Why Developers May Be Pulling Back Wayne discusses several reasons developers may be becoming more cautious. Financing costs have changed. Construction costs have increased. Rents have softened in some segments. Vacancy has increased. And developers now have to consider the large amount of competing inventory already coming onto the market. A project that looked great two years ago may look very different today. That becomes particularly important when a development was financed using construction or bridge financing and the permanent financing available at completion no longer produces the same numbers. Construction Costs Are Still Increasing Wayne and Gabby share a recent example from one of their own townhouse investments. Shortly after purchasing units in the complex, the condominium corporation received an updated roofing quote. The final cost came in approximately $90,000 higher than expected. The condo corporation responded by temporarily increasing condo fees rather than issuing a large special assessment. The lesson was not really about condo fees. It was about construction costs. If replacing shingles on a townhouse complex can suddenly cost substantially more than anticipated, developers working on multi-million-dollar projects are facing the same problem on a much larger scale. Edmonton May Have Overshot A few years ago, Edmonton had the opposite problem. Vacancy was extremely low. Rental supply was tight. Tenants were struggling to find housing. Rents were increasing quickly. Government and developers responded by creating and building more housing. Wayne and Gabby believe the market may now have moved too far in the opposite direction. The supply shortage was addressed. But construction kept coming. That creates a period where landlords may need to compete harder for tenants while the market absorbs the new units. Will Edmonton Rents Keep Falling? Wayne believes rents will continue softening in certain segments of the market. But he does not believe every rental property will be affected equally. The largest pressure may fall on property types facing the most new competition. That includes: Main-floor suites Basement suites Smaller infill units Purpose-built rental units competing for similar tenants There are simply more choices available to renters. Full Houses Could Be Different At the same time, Wayne sees a different opportunity developing in full-house rentals. If tenants search the market and see hundreds of smaller suites but very few full houses with basements, garages and yards, demand can shift toward the scarcer product. That is an important distinction. Saying: "Edmonton rents are falling" is too broad. The better question is: Which rents are falling? Different asset classes can behave completely differently inside the same city. The Supply and Demand Lesson This is ultimately a supply-and-demand story. When rental supply is too low, rents increase. Developers react. Governments react. Construction increases. Eventually supply catches up. Then supply can exceed short-term demand. Vacancy rises. Rents soften. Developers become more cautious. Construction slows. Eventually the market moves toward balance again. The cycle continues. Real estate investors need to understand where they are inside that cycle. Is the Construction Boom Finally Slowing? During today's rapid-fire Q&A, Gabby asks Wayne directly: Is the new construction boom finally slowing down? Wayne's answer: Yes. But the bigger uncertainty is how long the effects will take to work through the market. Hundreds of millions of dollars of projects are already permitted or underway. Some will finish. Some may not. And the impact on rents and vacancies will take time to become clear. How Long Could Edmonton Take to Absorb the Supply? Wayne estimates that Edmonton could take approximately five to six years to fully absorb the current wave of purpose-built rental supply and return to the type of vacancy environment he considers more balanced. That is Wayne's estimate, not an official forecast. The timeline could change significantly depending on: Population growth Migration New construction Project cancellations Interest rates Employment growth Rental demand Why Cash Flow Matters More Than Ever The episode closes with a listener asking how much cash flow a rental property should have. Wayne points back to the 5% Rule™. The reason he focuses so heavily on cash flow is not because he views it as spending money. He views cash flow as protection. If rent falls by $200 but the property was producing $500 per month, the investor still has room. If the property was only producing $100, that same rent decline pushes it negative. Multiply that across a large portfolio and small differences become significant. Cash Flow Is a Risk Mitigator Wayne describes cash flow as the ultimate risk mitigator. It protects investors against: Lower rents Higher vacancy Higher interest rates Unexpected repairs Rising operating expenses Market downturns Investors cannot control all of those variables. But they can control how much margin they build into the property when they buy it. What About Fort McMurray? A listener also asks about Fort McMurray. Wayne says he has heard positive things recently about rental demand in the market. However, he remains cautious because Fort McMurray has historically been a more cyclical, boom-and-bust market. For Wayne, predictability matters. He prefers markets where he feels more confident about long-term tenant demand and the sustainability of the rental business. The 5% Rule™ Want to understand how much cash flow Wayne believes a rental property should have? Search: The 5% Rule by Wayne Hillier on Amazon. Remote Property Management Course Today is the final day to receive 50% off Gabby's Remote Property Management Course. The eight-module online course teaches the systems Wayne and Gabby use to self-manage their rental portfolio remotely. Use code: 50OFF at: www.reimasters.ca REI Masters Mentorship Work directly with Wayne and Gabby on acquisitions, market selection, financing, deal analysis, property management and building a profitable Canadian real estate portfolio. www.reimasters.ca Watch the Morning Show Join Wayne and Gabby every weekday morning at 7:00 AM Mountain Time on YouTube. Follow Wayne Hillier – Real Estate Investing Coach on YouTube. Questions: info@reimorningshow.com Upcoming Event REI Masters Annual Retreat Edmonton, Alberta October 17–18, 2026 www.reimasters.ca Sponsors Calvin Realty – Edmonton Investor-Focused Realtor Team www.calvinrealty.ca Finngo Bookkeeping & Tax Specialized bookkeeping and tax services for Canadian real estate investors. www.finngo.com/rei Kirkwood & Brennan Mortgage Group Investor-focused mortgage planning for Canadian real estate investors. www.kbmortgages.ca keaton@kbmortgages.ca

In this message, Pastor Dillon Neely continues our series Book of Matthew: King of the Kingdom with a powerful look at Matthew chapter 21.Jesus enters Jerusalem and has a direct confrontation with the religious leaders. Pastor Dillon reminds us that Jesus didn't come just as a friend or a good teacher — He came as King. And where the King is, His Kingdom comes.In Matthew 21:23-46, Jesus tells two parables that still challenge us today:1. The Parable of the Two Sons (Matthew 21:28-32)God isn't looking for just words, He's looking for a changed heart that leads to obedience. Religious activity can't save us — only surrender to Jesus can.2. The Parable of the Tenants & The Cornerstone (Matthew 21:33-46)God has entrusted us with so much, and He desires fruit from our lives. Jesus is the cornerstone — we can either build our lives on Him, or stumble over Him, but we can't ignore Him.The big question from this message: Is Jesus just riding shotgun in your life, or is He in the driver's seat?

Renters are apparently finding a new way to keep their landlords on their toes and it involves a very unexpected gesture. We look at the things tenants are doing for their landlords, why the trend is catching on and what might happen if you do this!See omnystudio.com/listener for privacy information.

Hide your China, the boys are at it again with a drink and a discussion of 2011's “Warrior”. Gavin O'Connor's film found Tom Hardy and Joel Edgerton at the perfect time, and he paired them with legend Nick Nolte for one of his best performances. Jeff also saw “Practical Magic 2” in the theaters on 9/11 and gives a mini-review. Two very different films! They both go well with drinks. Maybe wine or margaritas for the witch film, and whiskey and/or coffee (for our non-drinkers) for the MMA film. Grab a drink and join us! inktr.ee/theloveofcinema - Check out our YouTube page!  Our phone number is 646-484-9298. It accepts texts or voice messages.  0:00 Intro; 5:48 “Practical Magic 2” mini-review; 15:50 2011 Year in Review; 25:48 “Warrior”: Films of 2011; 1:13:50 What You Been Watching?; 1:21:11 Next Week's Episode Teaser.  Additional Cast/Crew: Sandra Bullock, Nicole Kidman, Stockard Channing, Diane Wiest, Maisie Williams, Joey King, Jennifer, Morrison, Frank Grillo, Kurt Angle, Sam Sheridan, Bryan Calln, Susanne Bier, Griffin Dunne. Hosts: Dave Green, Jeff Ostermueller, John Say Edited & Produced by Dave Green. Beer Sponsor: Carlos Barrozo Music Sponsor: Dasein Dasein on Spotify: https://open.spotify.com/artist/77H3GPgYigeKNlZKGx11KZ 
Dasein on Apple Music: https://music.apple.com/us/artist/dasein/1637517407 Recommendations: Lanterns, Pearl Harbor, Howard, The Boys: The Sherman Brothers Story, The Bride, The Bride of Frankenstein, Parenthood, The Emmys. Additional Tags: Dolby Cinemas, Peter Parker, Stanley Kubrick, Argentina, Spain, England, France, The Odyssey, Christopher Nolan, Moana, Toy Story 5, Focus Features, A24, Curry Barker, The Tenant, Rosemary's Baby, The Pianist, Cul-de-Sac, AI, The New York City Marathon, Apartments, Tenants, AMC, IMAX Issues, Tron, The Dallas Cowboys, Short-term memory loss, Warner Brothers, Paramount, Netflix, AMC Times Square, Academy Awards, BFI, BAFTA, BAFTAS, Adelaide, Australia, Queensland, New South Wales, Melbourne, The British, England, The SEC, HBO Max, Amazon Prime, casket maker, Seven Samurai, Roshomon, Sergio Leone, Clint Eastwood, Stellan Skarsgard, the matt and mark movie show, The Southern District's Waratah Championship, Night of a Thousand Stars, The Pan Pacific Grand Prix (The Pan Pacifics), Jeff Bezos, Rupert Murdoch, Larry Ellison, David Ellison, Elon Musk, Mark Zuckerberg. 

San Francisco's AI boom is making the rental market more competitive than ever. Prospective tenants face intense pressure to stand out, leaving them susceptible to substandard living conditions or outright scams.  Links: Part 1: As AI Booms, Daniel Lurie Declares ‘Rent Emergency' in San Francisco  After the $18,000 Scam, How Can Bay Area Renters Protect Themselves? | KQED Learn more about your ad choices. Visit megaphone.fm/adchoices

WBBM political editor Geoff Buchholz reports on the preliminary approval of the "Protecting Renters Ordinance" in a Chicago City Council committee.

The "Rent Threshold" rule creates a dynamic where tenants can systematically manipulate unpaid balances while landlords bear the financial and legal fallout. Tenants can exploit the rent threshold by making calculated partial payments or withholding just enough rent to stay below the eviction limit. Meanwhile, landlords may go months without receiving full rent while still paying mortgages, taxes, insurance, and maintenance costs. Critics argue the policy shifts the financial burden from nonpaying tenants to property owners...

WBBM political editor Geoff Buchholz reports on the preliminary approval of the "Protecting Renters Ordinance" in a Chicago City Council committee.

WBBM political editor Geoff Buchholz reports on the preliminary approval of the "Protecting Renters Ordinance" in a Chicago City Council committee.

Welcome to Episode 436 of the Microsoft Cloud IT Pro Podcast. In this episode, Ben and Scott dive into Microsoft Entra Tenant Governance. Almost nobody runs one Microsoft Entra tenant. Mergers, divestitures, dev and test environments, regional partitioning, that one AI proof-of-concept somebody spun up on a credit card. Organizations accumulate tenants the way they accumulate SharePoint sites. The difference is that nobody ever built an inventory of the tenants, and central IT frequently cannot name them, let alone say whether they are configured safely. Microsoft Entra Tenant Governance, now generally available, is Microsoft’s first-party answer. It is genuinely four products under one blade: it finds the tenants you did not know about, gives you a least-privilege way to administer them without local accounts, monitors their configuration for drift against a JSON baseline, and gates the creation of new ones so the next tenant is governed from birth. Your support makes this show possible! Please consider becoming a premium member for access to live shows and more. Check out our membership options. Show Notes Microsoft Entra Tenant Governance is now generally available What is Microsoft Entra Tenant Governance? Deploy Microsoft Entra Tenant Governance end to end Related tenants in Tenant Governance Licensing for Microsoft Entra Tenant Governance Sponsors Nasuni is a leading unstructured data platform for enterprises where file data is mission-critical for both people and AI. Nasuni powers the operational file layer where work happens — helping organizations manage, protect, and activate data so teams can work smarter, reduce costs, and operate securely without limits. Intelligink — Would you like to become the irreplaceable Microsoft 365 resource for your organization? Let us know!

Curious what midterm rental amenities justify a higher monthly rental rate? In this video, we break down the six amenities for your furnished rental that help remote workers or relocating family pick your listing and pay higher rental rates. Three are non-negotiable. Three are premium amenities tenants will pay extra for. The No Vacancy series is brought to you by Katie Lyon, a midterm rental landlord who is also part of the Furnished Finder team. If you want more bookings at a stronger rate, this is the checklist to run your listing against today.Want to list your furnished property or find midterm housing? Visit https://www.furnishedfinder.com/Subscribe for more midterm rental tips from real landlords in the field.Watch this link for the full video experience: https://www.youtube.com/watch?v=nPjSp-X7KKkChapters00:00 Meet Katie Lyon00:21 The Amenities That Raise Your Rate00:38 Who Midterm Tenants Really Are00:57 The 3 + 3 Amenity Framework01:06 Amenity 1: Wi-Fi and a Real Workspace01:37 Amenity 2: In-Unit Laundry01:44 Where to Feature Laundry in Your Listing02:03 Amenity 3: A Truly Stocked Kitchen02:11 What Stocked Actually Means02:31 Photograph Your Cabinets02:43 Where the Premium Amenities Start02:51 Amenity 4: Pet-Friendly Properties03:01 The Value of a Fenced Yard03:19 Easing Pet Damage Concerns03:32 Amenity 5: A King Bed in the Primary04:01 Amenity 6: Free On-Site Parking04:40 Your Listing Challenge This WeekTAGS: real estate investing, midterm rental, midterm rental landlord, furnished rental tips, furnished finder, midterm rental amenities, pet friendly rental, in unit laundry, king bed rental, travel nurse housing, midterm rental setup, rental property tips, landlord tips, remote worker housing, how to charge more for a rental, midterm rental landlord tips, Katie Lyon furnished finder The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

This week the boys head to 1988 to discuss “Rain Man”, the Barry Levinson film that makes you wonder: is Tom Cruise a better actor than Dustin freaking Hoffman? Is he??? John also discusses “The End of Oak Street” and “Grab a beer, grab your card counter, and let's head to Vegas!  inktr.ee/theloveofcinema - Check out our YouTube page!  Our phone number is 646-484-9298. It accepts texts or voice messages.  0:00 Intro; 7:02 “End of Oak Street” mini-review; 13:07 “By Any Means” mini-review; 18:08 1988 Year in Review; 34:43 “Rain Man”: Films of 1988; 1:15:48 What You Been Watching?; 1:25:44 Next Week's Episode Teaser Additional Cast/Crew: Tom Cruise, Dustin Hoffman, Bonnie Hunt, Mark Wahlberg, Yahya Abdul-Mateen II, David Strathairn, Josh Lucas, Giancarlo Esposito, Ethan Embry, LaChanze, Elegance Bratton, Sascha Penn, David Robert Mitchell, Anne Hathaway, Ewan McGregor, Maisy Stella, Christian Convery, P.J. Byrne. Hosts: Dave Green, Jeff Ostermueller, John Say Edited & Produced by Dave Green. Beer Sponsor: Carlos Barrozo Music Sponsor: Dasein Dasein on Spotify: https://open.spotify.com/artist/77H3GPgYigeKNlZKGx11KZ 
Dasein on Apple Music: https://music.apple.com/us/artist/dasein/1637517407 Recommendations: The Rip, Lorne, Ted Lasso, Michael, Sisu: Road to Revenge, 28 Years Later, The Death of the Pastor's Wife, Silo, Lanterns, Strange New Worlds, Yellowjackets, DCU, The Bear, Frasier, The Rip, Lorne, Ted Lasso, Michael, Sisu: Road to Revenge, 28 Years Later, The Three Musketeers, The Man in the Iron Mask, Titanic, The Dark Knight, Batman begins, The Fast and the Furious, Undertone, Fraser. Additional Tags: Dolly Parton, Tim Curry, AMC A-List, Dolby Cinemas, Peter Parker, Stanley Kubrick, Argentina, Spain, England, France, The Odyssey, Christopher Nolan, Moana, Toy Story 5, Focus Features, A24, Curry Barker, The Tenant, Rosemary's Baby, The Pianist, Cul-de-Sac, AI, The New York City Marathon, Apartments, Tenants, AMC, IMAX Issues, Tron, The Dallas Cowboys, Short-term memory loss, Warner Brothers, Paramount, Netflix, AMC Times Square, Academy Awards, BFI, BAFTA, BAFTAS, Adelaide, Australia, Queensland, New South Wales, Melbourne, The British, England, The SEC, HBO Max, Amazon Prime, casket maker, Seven Samurai, Roshomon, Sergio Leone, Clint Eastwood, Stellan Skarsgard, the matt and mark movie show, The Southern District's Waratah Championship, Night of a Thousand Stars, The Pan Pacific Grand Prix (The Pan Pacifics), Jeff Bezos, Rupert Murdoch, Larry Ellison, David Ellison, Elon Musk, Mark Zuckerberg. 

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Can an artist who comes from outside a community become an effective partner in creating change?That was the question we explored in an earlier episode of our Building Blocks of Effective Community Arts Practice series. And in our recent conversation with Eric Gottesman, we heard one compelling answer. His experiences in Ethiopia—and later with For Freedoms—taught him to stop acting as the sole author and begin making work with communities through questions, shared authority, and collective storytelling.Our next guest, choreographer and community artist Liz Lerman, takes that conversation further. Through what she calls “the horizontal,” she shows us how artists can bring their knowledge into a community without placing it above everyone else's.In this episode, we explore:The Horizontal — how leadership and expertise can be shared without disappearing.Critical Response — a feedback practice built around curiosity, consent, and respect.The Heretic's Path — how artists can challenge established systems while staying in relationship with them.So, as you listen, consider what becomes possible when expertise is joined by humility, curiosity, and a willingness to share power.Notable MentionsDance Exchange: (Previously, Liz Lerman Dance Exchange) Fueled by generosity and curiosity, Dance Exchange expands who gets to dance, where dance happens, what dance is about, and why dance matters. Dance Exchange harnesses the power of creativity and inquiry through dance to connect communities, to deepen our understanding of ourselves and to foster a more embodied, resilient and just world.Critical Response Process: Liz Lerman's Critical Response Process is a method for giving and getting feedback on work in progress, designed to leave the maker eager and motivated to get back to work. is CreativePee-Posh (Maricopa): The Maricopa people were small bands living along the lower Gila and Colorado rivers. Each of these bands migrated eastward at different times. The Xalychidom (Maricopa of Lehi), left around 1825-1830. The last of these bands is said to have left the Colorado River in the late 1830's. Eventually these bands came together and became collectively known as the Maricopa. As they migrated eastward, they came upon the Pima tribe and established a relationship. Both tribes provided protection against the Yuman and Apache tribes.Tohono O'odham: The Tohono O'odham Nation is comparable in size to the state of Connecticut. Its four non-contiguous segments total more than 2.8 million acres at an elevation of 2,674 feet. Within its land the Nation has established an Industrial Park that is located near Tucson. Tenants of the Industrial Park include Caterpillar, the maker of heavy equipment; the Desert Diamond Casino, an enterprise of the Nation; and, an 23 acre foreign trade zone. of Wisconsin with a sociologist named Pearlman.Freedom Schools: The Freedom Schools of the 1960s were part of a long line of efforts to liberate people from oppression using the tool of popular education, including secret schools in the 18th and 19th centuries for enslaved Africans; labor schools during the early 20th century; and the Citizenship Schools formed by Septima Clark and others in the 1950s.Anna Halprin: was an American choreographer and dancer. She helped redefine dance in postwar America and pioneer the experimental art form known as postmodern dance and referred to herself as a breaker of the rules of modern dance.[4] In the 1950s, she established the San Francisco Dancers' Workshop to give artists like her a place to practice their art. Exploring the capabilities of her own body, she created a systematic way of moving using kinesthetic awareness.[5Florence West, dance Milwaukee: Modern dance in Milwaukee begins with Florence West (1912-1994). West left Milwaukee at seventeen to dance in a Broadway road show, quit when she discovered ballet during a tour stop in Detroit, and found her way into the corps of the Chicago Civic Opera ballet. A Milwaukee opera producer asked her to come home to add choreography to a local production of Carmen. She soon became the go-to dance person for Milwaukee dance, theater, and opera companies.Amira de la Garza: After spending a year in Mexico as a Fulbright Scholar, her experiences with the everyday talk and life around her led her to develop methods to integrate the arts, spirituality, and personal reflection into the study of culture. She works with many border-related projects, and has had students from around the world travel with her to many places to learn the methods she teaches.Professor de la Garza reports her research using creative writing, poetry, fiction, and has often shared her research through staged performances.The California State Summer School for the Arts is a rigorous, preprofessional, month-long training program in the visual and performing arts, creative writing, animation and film for talented artists of high school age. CSSSA provides a supportive environment in which students hone acquired skills and explore new techniques and ideas for an intense and exciting learning experience.Ethel Butler, one of Liz's teachers: From 1933 through 1945, Ethel Butler was a member of the Martha Graham Dance Company. She went on to become a well-known teacher of the Graham Technique, counting among her students Paul Taylor and Dan Wagoner.Sandy Spring Friends School: Sandy Spring Friends School is a progressive, coeducational, college preparatory Quaker school serving students from preschool through 12th grade. SSFS offers an optional 5- and 7- day boarding program in the Middle School and Upper School.Art in Other Places, William Cleveland, Artists have established a remarkable record of innovation and success in institutional settings. Their work with hospital patients, prisoners, the elderly, the disabled, the mentally ill, and others has shown that the arts can have a significant positive impact on the lives of these people. This book recounts the histories of 22 institutional and community arts programs across the country pioneering this approach through activities such as creative writing and the performing and visual arts.Rabbi, Danny Zemel.Wicked Bodies: Inspired by powerful and grotesque images of women's bodies over multiple historic periods, Liz Lerman's Wicked Bodies, is an intimate spectacle, brings together several consistent themes of my choreographic output:– the invisible ways and means of feminine thinking and action which have been celebrated, erased, or criminalized;– legal systems that attempt but often fail to bend our actions towards a fairer and more just world; and– how we as a group of intergenerational artists bring our personal lives to the stage within characters that are imagining futures Anand Giridharadas, The Persuaders is a stunning insider account of activists, politicians, educators, and everyday citizens who are on the ground working to change minds, bridge divisions, and fight for democracy.Anat Shanker Osorio: Host of the

To be good tenants of the master's vineyard we must heed the Forerunner's instruction to bear fruit worthy of repentance.

What if the real estate cash-flow strategy you've been overlooking isn't Airbnb, wholesaling, flipping, or a traditional rental?Lynette, founder of Group Homes for Newbies, joins Ash Cash inside the vault to break down how shared housing can turn unused bedrooms into income while providing housing to veterans, returning citizens, seniors, people with disabilities, and other underserved communities.In this episode, she walks Ash through the numbers.Using an eight-bedroom home as an example, Lynette explains how placing two beds in each room at approximately $800 per bed could produce $12,800 per month in gross revenue before expenses.But the money is only part of the story.Lynette became a teenage mother, lost both parents by age 19, worked as a correctional officer, later lost her job, and eventually found herself with $10,000 in savings and limited employment options.That's when she returned to something she had witnessed inside the prison system: people who were eligible for release but had nowhere to go.She started inside her own four-bedroom home, placed six beds upstairs, built relationships with re-entry coordinators and community organizations, and says she filled all six beds within her first month.From there, she expanded into rental arbitrage, eventually grew to seven homes, launched a non-medical home care agency, and began teaching others how to enter the shared-housing business.Lynette also breaks down:• How getting paid by the bed works• Finding residents with recurring benefit income• Building referral relationships with prisons, hospitals and social workers• Why proper resident vetting matters• Rental arbitrage vs. owning the property• How she scaled to seven homes• Why ownership became her ultimate strategy• Her plan to develop 100+ properties in Mississippi• Turning cash flow into community impact and generational wealthThis conversation is about more than real estate.It's about identifying a problem, creating a solution, building cash flow, and using ownership to change lives—including your own.Connect with Group Homes for Newbies:Instagram: @grouphomesfornewbiesTikTok: @grouphomesfornewbiesFacebook: Group Homes for NewbiesSearch “Group Home Cash Flow Club” on Skool to learn more about Lynette's community.Inside the Vault:@insidethevaultInsideTheVaultShow.comHost:@iamashcashIAmAshCash.comABUNDANCE IS YOUR BIRTHRIGHT.Join the community:TheAbundanceCommunity.comTIMESTAMPS00:00 – “Everybody called me crazy”01:03 – Ash Cash book CTA02:05 – Welcome to Inside the Vault04:16 – Meet Lynette of Group Homes for Newbies05:26 – What exactly is a group home?06:06 – Why shared housing can create predictable cash flow07:09 – Getting paid by the bed08:02 – Breaking down an 8-bedroom house09:03 – Two people per bedroom09:58 – $800 per bed10:18 – How one house could gross $12,800/month10:37 – Recurring benefit income & autopay11:08 – How Lynette discovered the group-home business11:33 – Teenage motherhood, loss & growing up without her mom13:21 – Losing both parents by age 1914:13 – Becoming a correctional officer15:45 – Sleeping in her car at 1715:54 – Losing her father after moving to Texas17:02 – The traffic stop that changed her career18:05 – Losing her correctional officer job19:17 – Starting over with $10,000 saved19:48 – Seeing the housing gap inside the prison system21:10 – Starting the business inside her own home22:04 – Putting six beds into three bedrooms22:16 – Finding her first residents22:42 – “Everybody called me crazy”23:42 – How returning citizens pay for housing25:08 – Finding programs to bridge the funding gap26:29 – Filling all six beds in the first month26:51 – Building relationships that bring referrals28:40 – Breaking down the numbers on her first house30:05 – Using the first home's cash flow to get another property30:39 – Moving into a five-bedroom rental31:00 – The early mistakes & resident-vetting problems33:01 – Using rental arbitrage for group homes34:09 – Scaling to seven homes34:38 – $42K/month at full capacity after expenses34:46 – Launching a home care agency35:18 – Cutting out the middleman & stacking services37:12 – Inside the Group Homes for Newbies community37:53 – “The money is in the follow-up”40:09 – Rental arbitrage vs. ownership40:24 – Paying nearly $300K/year on other people's properties40:49 – The easiest way to test the business model46:15 – How to research whether your market supports the model47:11 – Purchasing 100+ properties in Mississippi48:21 – Losing her father's properties as a teenager49:23 – Finding her great-grandmother's property50:05 – Buying back her father's properties51:20 – Lynette's deeper “why”53:13 – The lessons her father left behind57:03 – How to join the Group Home Cash Flow Club59:26 – Lynette's case for the shared-housing model1:00:01 – Connect with Group Homes for Newbies1:00:17 – Closing the VaultAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Rory McGowan catches up with Eddie Hooker, the CEO of mydesposits, to talk about how the Renters Rights Act's most basic terms are still not being followed, four months after its introduction. Knowing your rights under this act is vital at this time of year, because August is the most popular time for moving house. For those tenants now settling into their new place, how many know what the new rules are?

Keith breaks down the "baseline trap" in investor psychology, showing how rising income and lifestyle creep can quietly undermine the feeling of financial freedom.  He then shares a grounded outlook for U.S. home prices, outlining how inflation, AI-driven job growth, limited inventory, and strong homeowner equity are shaping the market.  He closes with a data-driven look at where population growth is heading through 2040, especially in Texas and Florida, and what that could mean for long-term real estate demand and investing strategy. Episode Page: GetRichEducation.com/622 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Join Mid South Home Buyers' one-time, free live webinar featuring Keith Weinhold on September 30 at GetRichEducation.com/MidSouth to learn how Memphis' economic expansion could create new real estate investment opportunities, and have your questions answered in real time. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host Keith Weinhold. Investor psychology often falls into the baseline trap. Learn what's going to happen to home prices over the next year. Then more than half of America's population growth until 2040 will occur in just these two states. All today on Get Rich Education. What if I told you that one of America's strongest cash flow real estate markets is also becoming the new brains and brawn behind AI? That city is Memphis, believe it or not. In September 30th, we're going to show you why the smart money is paying attention now, along with an investing opportunity you won't want to miss. Join me, Terry Kerr and Matthew Van Horn of Mid South Homebuyers, the largest turnkey company in Memphis with more than 6000 homes under management, for a free live webinar the likes of which I've never done before. We're going to look at what billions in new investment could mean for jobs, housing demand, neighborhood appreciation, and your portfolio. Everyone who attends live will also get exclusive access to the best deal terms Mid South has ever offered. Reserve your free seat at getricheducation.com/midsouth again. that september 30. Don't say we didn't tell you. Save your spot at getricheducation.com/midsouth   Speaker 1  1:34   You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.   Keith Weinhold  1:50   Welcome to GRE from Jackson Hole, Wyoming, to Jackson, Mississippi, and across 188 nations worldwide. I'm Keith Weinhold. This is Get Rich Education, and Happy Labor Day. Let's talk about your investor psychology, because as you grow your wealth and your portfolio size, there is a trap that you will almost certainly fall into, and I'm not infallible. I've fallen into this trap to some extent too. That is the baseline trap. It's the tendency for every improvement in your income, your wealth, or your lifestyle to become your new normal. Once this happens, the improvement stops feeling like progress, and you need even more just to feel equally successful, if you get used to flying first class and then you have to drop back to coach again, it feels less like flying and more like being deported. Psychologically, we fall into the baseline trap because the human mind evaluates Life relatively, not absolutely. We don't simply ask ourselves how good is my life, how good is my situation. Instead, we ask how does this compare with what I've recently experienced, what I expected, and what others have, and there are a number of forces that drive the baseline trap. One is hedonic adaptation. Hedonic means pleasure seeking. People rapidly adjust to improvements. The first month of receiving a new $5,000 in passive income that feels transformative. After two years, it feels completely ordinary. The income didn't become less valuable. Your nervous system simply stopped registering it as new. Yesterday's luxury became today's wallpaper. A force driving the baseline trap is a shifting reference point. Gains and losses are measured against a mental baseline. Once your portfolio reaches, say, a $2 million net worth, well, your mind soon begins treating the $2 million as mine. You're like, hey, this is mine now, even if much of it came from recent appreciation. A decline to 1.8 million, therefore, feels like losing 200k rather than still having substantially more wealth than you did just a few years ago. Well, instead, you're only focused on the 200k paper loss. Then there's loss aversion psychologically. Losses generally hurt more than equivalent gains feel good. After a higher standard becomes normal, surrendering and. Any part of it feels like some blood-curdling loss. That's why reducing spending from 20k to 15k per month that can feel painful, even if 15k once felt luxurious to you.   Keith Weinhold  5:16   There's also the lifestyle creep component. People convert variable gains into fixed commitments. What do I mean? I mean like a strong income year. Oh, pretty soon that becomes a larger mortgage. Rental cash flow that becomes a vehicle payment. A bonus that becomes private school tuition, portfolio appreciation. Well, that supports new borrowing. See, pleasures that were once optional have now become obligations. And you got to ask, wait, how did that happen to you? You're supposed to have a life of options and not obligations. That's what financial freedom is supposed to be. The baseline then is no longer merely psychological; it becomes embedded in real monthly expenses. Then there's also the dangerous driver of the baseline trap that's called, oh no, social comparison. We commonly measure success against our peers, but instead, what you should do is measure it against your former self. Because as you become wealthier, see your comparison group changes too. If you've got five rentals, you soon stop comparing yourself with someone that owns none, you might even begin comparing yourself with people who own 50 of them, and why not? It's natural, after all. That is where you want to go, despite enormous progress. See, that's how you can feel left further behind. Then there's the recency bias. Your mind gives enormously disproportionate weight to recent experience. A few years of 15% returns, like what happened in 2021 and 2022 in real estate. Oh, you could begin expecting 15% after rapidly appreciating real estate, continued appreciation feels normal. A favorable cycle gets mistaken for the natural baseline, and then when conditions normalize, ordinary performance feels rather defective. Then there's identity inflation. That's a trap. This is when accomplishments become woven into your very identity, like I'm a multi-million-dollar entrepreneur, or I own 20 properties, or my income always grows. Okay, once success becomes identity, maintaining the baseline feels necessary just to preserve your self worth. Now, with this condition, see a temporary setback. It doesn't merely affect the numbers.   Keith Weinhold  8:08   It feels like evidence that you're becoming a lesser person, and the brain rewards progress more than possession. Humans are energized by movement toward a goal, reaching the goal often produces less lasting satisfaction than you expect. Buying the 10th rental creates a dopamine hit, and owning it three years later does not. The investor therefore creates another target, not always because another property is even needed, but because continued pursuit restores the feeling of progress, success erases the memory of constraint. As your wealth grows, it becomes difficult to remember emotionally what financial insecurity even felt like I mean you might intellectually remember earning 60k, but you no longer experience today's 300k income in comparison with it. Your comparison point quietly changes from your former life to your best recent year. The paradox is that your circumstances improve faster than your experience of them? The goal is not to stop growing; it is to prevent every improvement from becoming a new psychological necessity. Keep growing your means, but don't let success redefine enough every time you achieve it, don't let it redefine enough. Let's say you acquire rentals and you do generate another 5k per month. The trap is that your spending and expectations gradually rise by 5k. You're wealthier, but you don't. Don't feel freer. Instead of investments buying freedom, they merely finance a more expensive baseline, and it can distort how you view your portfolio. 10 properties once felt like an extraordinary accomplishment, and soon 10 feels ordinary, and 20 becomes necessary. You keep moving the finish line, and this is closely related to hedonic adaptation and lifestyle creep. But it extends beyond spending because your definition of enough keeps on rising. So the antidote certainly is not living small forever-it's deliberately separating the growth rates of your assets and your lifestyle. What you want to do is grow your means faster than you grow your baseline. Really, that's the key. You're gonna be more satisfied. Instead of simply living below your means, you sure do want to grow your means, but don't let every gain become a permanent new obligation. Let some additional cash flow purchase you things like time, resilience, and optionality-not merely nicer recurring expenses. If your lifestyle rises as fast as your passive income, you're wealthier, but no freer.   Keith Weinhold  11:28   So here's what you do: when your income rises, let your lifestyle rise about half that much. Otherwise, if you upgrade your lifestyle too much, say that you receive an extra $3,000 in monthly rental income, then you add in a luxury car payment, better vacations, and more expensive restaurants. Pretty soon, that extra 3k that feels necessary instead of liberating, and then there's also the record income comparison part of the trap. Say your business earns $1 million during an exceptional year. The next year, it earns a still impressive 850k, but you experience it as failure because the unusually strong year became your new baseline. Don't let that happen. You can compare yourself to others that can be motivating, but the more important comparison is to the former you. Now, another way that investors fall into the baseline trap in real estate is how an exceptional market becomes the standard. Say that you bought rental properties in 2012. Well, 2012 was perhaps the best time to buy real estate in generations. This was shortly after the global financial crisis, so there was this confluence of low prices, low interest rates, strong cash flow, and you had little competition as well. I mean, you had it all in 2012, and those deals performed spectacularly in today's market. Available properties produce lower initial cash flow, but they could still deliver respectable total returns through appreciation, rent income, principal paydown, tax benefits, and inflation profiting. But a losing investor rejects all of those things because they aren't as attractive as the once-in-a-generation deals of 2012, or even the rock-bottom low-rate days of 2020, they fell into the baseline trap. The trap here is that an unusually favorable period for real estate became the new benchmark. It's sort of like how last week I told you about how the deal structure always changes over time from the Reagan administration until today. Today the deal is with Burr properties, and it's also with buying new builds with rate buydowns. But see, in 2012 there were almost zero available new build properties that were created for investors to rent to others.   Keith Weinhold  14:25   Over time, with these new builds that you're adding now, you're going to have fewer maintenance and repair expenses. Tenants tend to stay in new builds longer, and new builds appreciate better over the long run. See, I wasn't getting any of those benefits in 2012, and I bought rental real estate in 2012, and I bought real estate recently as well. Not falling into the baseline trap, because today it's still difficult to find any investment bet. Than residential real estate with a loan, it is a scarce asset that people are going to continue to need. So here we are today, about 15 years on from 2012. Water market conditions like now. Let's talk about that and what can we expect for the next year? National home prices keep rising, but they're only about one half of 1% higher than they were a year ago. I mean, that's an appreciation level with the enthusiasm of someone attending a seven a.m. meeting. I do expect national home prices to keep rising modestly over the next year. Let me tell you about why, and then what the drivers are. And to be clear, we're talking about single-family homes up to fourplexes here. I'll discuss apartments later today. Well, the drivers for continued price growth are many of the same reasons that home prices are up just a little since last year. There are four of them. These four are inflation, the AI boom, short inventory, and a lack of distressed sellers. So let's unpack all of these four factors that I've identified for putting a floor underneath home prices, inflationary pressure is poised to raise replacement cost, energy, wages, and tariffs make those inputs more expensive, and the more war we have, the more inflation we have. A home is a bundle of land, labor, lumber, concrete, copper, and all sorts of energy inputs, plus 14 trips to Home Depot because someone forgot the correct nails and screws. That's what a home is. Recent home price growth it has lagged today's 3.4% CPI inflation rate. So again, we're not even talking about inflation-adjusted gains here. AI that creates local housing heat. It's not so much a nationwide driver of home prices. And in a moment, I'll tell you the top five housing markets for AI-led home price growth, but how does AI investment push up home prices anyway? How does that happen? People are getting high salaries, signing bonuses, and stock options that produces well-funded buyers. They make big down payments, or they even pay all cash for homes, and when a buyer pays all cash for a home, they can pay absolutely any price because they don't have to get an appraisal that comes along with a loan for a financed property.   Keith Weinhold  17:53   That's how all cash buyers can really push up prices. The growth in AI companies that has really helped push the S and P 500 higher that fuels a wealth effect nationwide that makes everybody feel wealthier regardless of where you live as long as you're invested in the stock market but the localized effects with those higher AI wages and signing bonuses in order they are most potent in San Francisco, San Jose, Seattle, New York City, and Boston, and none of those are good cash flow investor markets. Still, short housing inventory is contributing to higher prices, and hey, it's time that we check on this again. Ever since the inventory crunch started to plummet in 2021 and reached its lowest point in 2022, I've been updating you on the housing supply, and I always keep it same same. I cite the same data source, the Federal Reserve Economic Data's active listing count, Fred's active listing count, which counts single-family and townhomes and condos, all wrapped up in this number. And the figure it still hasn't recovered at 1.1 million homes. Now it is 2% higher than last year, 2% more supply than last year, but overall housing supply is still 9% below pre-pandemic levels. And there's one important thing to keep in mind that most don't think about when you hear that figure that housing supply is 9% below pre-pandemic times in 2019, that does not mean we're 9% short. That is because even in 2019 there was a housing shortage, and we are 9% below that yet, keeping. Upward pressure on prices and the most supply-constrained markets today. It includes both good and poor cash-flowing investor markets.   Keith Weinhold  20:10   They are New York City, Chicago, San Francisco, Hartford, Providence, Milwaukee, Boston, Cleveland, Virginia Beach, and Kansas City. All of those places remain especially tight with housing inventory, and then finally, this fourth of four reasons I've cited for continued upward pressure on home prices are the fact that distressed sellers-they are few and far between-and you need a lot of those in order to have a serious down cycle, after the 2008 housing crash, millions of owners were underwater. They owed more on their homes than they were worth. Lending standards were irresponsibly loose. Adjustable rate mortgages were resetting higher. I mean, a lot of people had little choice but to sell or to hand the keys back to the bank. Distress, distress, distress. Today is almost the mirror image. Here's what's really happening with homeowners having this record equity position today-an average of over $300,000. Many also locked in at fixed mortgage rates below 5% it means that they're enjoying perhaps the cheapest long-term debt that they are ever going to have. Lending standards have been strong, foreclosure rates remain low, and virtually nobody is being forced to sell. That matters more than most people think because housing crashes need a lot of forced sellers, owners who must accept almost any price in order to escape the property. But today, most homeowners they can simply either stay put, or if they're going to move out of the home, keep it and rent out the home, or they can wait for a better offer. No distress. In other words, buyers might be frustrated, but sellers-they're just not desperate. And without desperation, it is difficult for home prices to fall sharply. So the bottom line here with today's home prices and looking into next year, home price growth is apparent, but it's weak. The ingredients for a national price collapse are nowhere to be found, so this does not spell boom or crash. Home prices appear poised to keep slowly grinding higher, but with this low affordability, that keeps them from soaring, say 10 or 12% higher. I don't see that happening. And of course, each December, I make my home price forecast to the exact percentage point for the year ahead, so you can look forward to that soon. The Get Rich Education home price appreciation forecast that I made late last year for this year. It looks like it's going to be almost spot on. Of course, unlike a lot of analysts, transparently, I also give you the result of how closely the forecast hit the target every year, so you can look forward to that too. Hey, if you like this show, there's more content where this comes from. Sign up for our complimentary newsletter. That way, you can see the graphs and charts and maps that I break down. If you like what you hear on Get Rich Education, every week I show you what's really happening with real estate rents, inflation, interest rates, and the economy, and more importantly, what you can do about it. You'll get sharp insights, useful opportunities, and a few laughs along the way. Yeah, a couple knee slappers sprinkled in there with actionable strategies, like the savviest way to get rent increases. Get smarter in just a three to four minute read every week. Join 1000s of smart investors right now at greletter.com because your inbox could use fewer coupons and more financial freedom. That is greletter.com. More straight ahead.   Keith Weinhold  24:20   I'm Keith Weinhold. You're listening to Get Rich Education. What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group NMLS 42056. They provided GRE listeners with more loans than anyone because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal and even chat directly with President Chaley Ridge. While it's on your mind, start at ridgelendinggroup.com. That's ridgelendinggroup.com. Let me ask you something. If you've worked hard to build wealth, is your. Money positioned to actually support your goals. A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom Family Investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation. In full disclosure, I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed. But with a track record of consistent, on-time investor payouts. They built real credibility. Go to freedomfamilyinvestments.com to book a clarity call, or text family to 66866. That's family to 66866.    Dana Dunford  25:59   This is Hemline's co-founder Dana Dunford. Listen to Get Rich Education with Keith Weinhold, and don't quit your daydream.   Keith Weinhold  26:15   Welcome back to Get Rich Education. I'm your host Keith Weinhold. There will only ever be one episode 622, and you're listening to it. I hope you're enjoying the late summer. I'm wringing every bit of time and enjoyment out of it that I can. I don't know if this part was enjoyable, but I ran an all-out mile on a track. I wanted to see how fast I could run a mile. I had a friend pace me, and I got a 631. I was happy with that since I hadn't done any specific training. Yes, a mile is more than four laps on a track as well. Did you know that? Yes, this detail-oriented shaved mammal here diligently measured off that extra nine point something meters. Ah, I'll tell you that fourth lap hurt so badly that if my buddy weren't there, I might have just quit and not finished the mile. But summer's days are numbered, and that's too bad because it is my favorite season of the year. The NFL season kicks off in just two days on the ninth, with Seattle hosting the New England Patriots in a rematch of last year's Super Bowl. So then, I guess it looks like your productivity for the week will end with a respectable two-day run as you tune in to that game. Where is the future demand for real estate going to come from? It comes from a growing population. The U.S. is expected to add 21 and a half million people from 2025 to 2040. 21 and a half million more people. The overall population it's expected to grow from about 341 million up to 363 million. That is where we're going. That's per the Census Bureau and the University of Virginia, projecting 341 up to 363 by the year 2040, which is just a little over 13 years away. Okay, so that part is not so surprising, but here is what is absolutely staggering: more than half of this entire increase is projected to occur in just two states, just two of the 50 states, more than half of the increase. Do you know what they are? In fact, I showed you a map of this in a recent newsletter, but I can talk about it and expand on it more here.   Keith Weinhold  28:52   The two states that are expected to account for more than half of the nation's overall population growth through 2040 are Texas and Florida. They're already the second and third most populous states, respectively. It's kind of like America looked at the map, checked their weather app, and started packing sunscreen. Texas is expected to add 6.6 million residents. Florida welcoming another 4.6 million during this span. So that is over 11 million new people between them. This is like taking the entire population of Georgia and dropping it into those two already booming states, that much growth in this fairly short period of time, for real estate investors, more people that generally means more demand for our housing product, and I'll get back to the staggering Texas and Florida imbalance in just a moment. Because there are big gains in other investor-friendly southeastern states like Georgia and Tennessee, the Mountain West should swell alone. The South, okay, the region that the Census Bureau delineates as the South, which sort of runs from Maryland all the way down south and then west out toward Texas, the South just until 2040 is expected to account for 78 percent of the growth. That is just staggering. Cash flow hotbed Indiana that should grow by nearly a quarter million residents as well. The Carolinas are ballooning. Already the most densely populated state in the nation, New Jersey, that will get more dense with some pretty healthy population growth. Its residents have not discovered elbow room, but not every state is adding population. 14 states are expected to shrink, led by Illinois losing 650,000 people and New York down 457k. Again, this is all through 2040. In fact, a small loss cluster actually runs through the South, though West Virginia, Mississippi, and Louisiana-they're projected to lose 440,000 people combined. You know that whole theory that sometimes you hear people talk about, like with Earth warming and drying, you're going to have people stampeding toward the freshwater Great Lakes states. That is probably farcical. That just has not shown up in the data. That people are moving in droves to say cooler Michigan and Wisconsin for those reasons.   Keith Weinhold  31:46   It's just not happening now. Of course, population projections are not delivered from Mount Sinai on stone tablets. Besides births and deaths, the level of future immigration, of course, that's the real wild card here. After the Trump presidency ends by 2029, the next administration that could tighten or loosen the immigration spigot, that could materially reshape the map. But they're probably not going to tighten immigration. I mean, they couldn't because the flow really couldn't be crimped much more than it already is. People love to poke fun at California, but even in 2040, it is expected to barely retain its crown and edge out Texas to still be the most populous state: 39 million versus 38 million, respectively, for California and Texas by 2040. But yeah, Texas and Florida-they are the real stories here, and why droves of people are attracted there for cheaper housing, jobs, warm weather, a business-friendly environment, and Texas and Florida are also places where builders can still build without completing some side quest worthy of a video game with all their permits and regulations and roadblocks. You're largely free of those things in Texas and Florida. Now there are two more important factors to keep in mind here. Some bigger picture context. I've talked before about how the overall American mobility rate is down, and this is a long, long trend. Decade after decade, fewer people move and more people stay put, which is contrary to popular belief. This lower mobility rate, and another factor that gives you perspective is that as real estate investors, we know all this stuff I've been talking about here. These population changes-they only look at the demand side. The supply side matters just as much, despite their slower population growth. Northeast and Midwest states build less new inventory, and that is why Northeastern and Midwestern housing prices and rents are still growing faster today than they are in the Sun Belt, despite all of those Sun Belt construction cranes. You know, too many construction cranes. It looks bullish, and it actually is, but it spikes supply and it suppresses prices. And really, the bottom line here with American population growth from now until 2040 is follow the people, but count the rooftops. Population growth creates housing demand, while limited construction creates scarcity.   Keith Weinhold  34:46   The best opportunities often emerge where those two forces collide. That's what you really want to look for: demand and scarcity. Now, the apartment space. We all know that's been beleaguered for about three or four years, ever since higher mortgage rates set in and high construction levels conspired to keep apartment rents suppressed. In fact, multifamily construction had a peak in this cycle during 2024. That's when 600,000 units were built back in 2024. That was the most new apartment supply since 1986. That is when Cheers, MacGyver, and Miami Vice were on television. Run DMC was on urban radio. MTV was a dominant cultural force, the most new apartment supply since 1986. That's when kids were playing with GI Joe's, He-Man, and My Little Pony. For adults, fashion-wise, they were wearing enough shoulder padding to survive a minor collision. So, lots of new apartment supply to get absorbed. It is getting more and more absorbed. There are more signs there now because the national median apartment rent has now increased for seven months in a row. That's according to Apartment List. Also, the apartment vacancy rate has dropped for six straight months, and do you have any idea what the national apartment vacancy rate is? It has dropped down to now 7.1% Inevitably, overbuilt apartments will be absorbed with a growing population. Lots of great episodes coming up here on the show, where you might be in for a surprise next week. A renowned macro economist will be here on the show with us. I think we all know that in 1971, the U.S. had a lot of economic changes. That's when Nixon completely eliminated us from the gold standard, and the economic system shifted from capitalism to creditism back then. Well, now we appear to be leaving creditism and entering a new economic phase. This could be seismic. Next week here on the show, he'll reveal what the new era is called and how you need to prepare for it, that's next week here on episode 623. If you haven't yet, be sure to hit the follow button or subscribe button on your podcatcher so that you don't miss it.   Keith Weinhold  37:31   Again, if you like what you hear here each week, the GRE "Don't Quit Your Daydream" letter gives you the sharpest ideas of the week in about three or four quick hitting minutes, you'll get surprising housing data, wealth building strategies, timely opportunities, news that a lot of times you can't get anywhere else, and maps and charts that make you say, "Wait, what? It's smart, useful, entertaining, and completely free. Thousands of investors read it every week, and believe it or not, I'm actually more of a writer than a talker. Don't just listen to Get Rich Education, get the letter at greletter.com. That's greletter.com. Until next week, I'm your host Keith Weinhold. Don't quit your daydream.   Speaker 2  38:23   Nothing on this show should be considered specific, personal, or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.    Keith Weinhold  38:51   The preceding program was brought to you by your home for wealth building, getricheducation.com

Pippa Hudson speaks to Marlon Shevelew, the director of Marlon Shevelew and Associates Incorporated, about residential rental property law. Lunch with Pippa Hudson is CapeTalk’s mid-afternoon show. This 2-hour respite from hard news encourages the audience to take the time to explore, taste, read and reflect. The show - presented by former journalist, baker and water sports enthusiast Pippa Hudson - is unashamedly lifestyle driven. Popular features include a daily profile interview #OnTheCouch at 1:10pm. Consumer issues are in the spotlight every Wednesday while the team also unpacks all things related to health, wealth & the environment. Thank you for listening to a podcast from Lunch with Pippa Hudson Listen live on Primedia+ weekdays between 13:00 and 15:00 (SA Time) to Lunch with Pippa Hudson broadcast on CapeTalk https://buff.ly/NnFM3Nk For more from the show go to https://buff.ly/MdSlWEs or find all the catch-up podcasts here https://buff.ly/fDJWe69 Subscribe to the CapeTalk Daily and Weekly Newsletters https://buff.ly/sbvVZD5 Follow us on social media: CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

In this episode, Michelle Martinez shares insights into her tenant and employment screening business, discussing how technology, market shifts, and strategic growth shape her company's success. Discover practical tips for leveraging automation, building networks, and scaling in the real estate industry.     Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

The Basement Suite Cashflows - But Is It Actually Legal? A basement suite can make a rental property look fantastic on paper. Two rents. Better cash flow. Stronger returns. But there is one question investors sometimes forget to ask before removing conditions: Is the basement suite actually legal? In today's episode of the Canadian Real Estate Investing Morning Show, Wayne and Gabby explain how investors can verify whether a secondary suite is permitted, why an illegal or non-conforming suite can create serious financial risk, and what could happen if the city, lender or insurance company eventually starts asking questions. They also discuss the Bank of Canada's latest interest-rate announcement, why investors shouldn't build deals assuming rates are going to fall, and why sufficient cash flow is what protects a rental portfolio when borrowing costs change. What You'll Learn Why the Bank of Canada holding rates doesn't mean investors should assume rates are headed lower How variable-rate mortgages and HELOCs are affected differently than fixed-rate mortgages Why Wayne believes deals should work at today's interest rates How the 5% Rule™ Cash Flow Test creates a cushion against higher borrowing costs Why reserve funds make property repairs and renovations much easier Why a basement suite can make a mediocre property look great on a spreadsheet How to determine whether a basement suite is actually legal Why pulling a permit does not necessarily mean the suite received final approval Why investors should confirm that the existing suite matches what was originally approved Why you should never automatically treat rent from an illegal suite as guaranteed income How an illegal suite can affect property value Why neighbours and former tenants can create unexpected problems What could happen if the municipality orders a secondary suite to stop operating Potential tenant relocation costs when a suite can no longer legally be occupied Why insurance becomes particularly important with non-conforming suites How Edmonton, Calgary, Winnipeg, Toronto and Vancouver differ when researching secondary suites Why Wayne and Gabby recommend buying or building legal suites whenever possible Bank of Canada Holds at 2.25% The Bank of Canada held its overnight rate at 2.25% in its September announcement. Wayne points out that the bigger story for investors is not simply that the rate stayed the same. It is the possibility that the environment could change. His message to investors is straightforward: Do not buy a rental property assuming interest rates are going down. Make the property work at today's numbers. If rates eventually fall, great. But your investment should not require that to happen. Variable vs. Fixed Mortgages Wayne also explains an important distinction. Changes to the Bank of Canada's overnight rate directly influence prime-based borrowing products such as: Variable-rate mortgages Adjustable-rate mortgages Home equity lines of credit A fixed-rate mortgage does not immediately change simply because the Bank of Canada changes its overnight rate. For investors with variable borrowing, however, rate increases can mean either higher interest costs or higher monthly payments depending on the mortgage structure. That makes cash flow especially important. Could Your Property Survive Higher Rates? Imagine your mortgage payment increases by $50 per month. Probably manageable. What if it rises by $500? Now the question becomes much more serious. Over a 20-year investment period, investors should expect interest rates to move. The property needs enough cash-flow cushion to survive those changes. Wayne points back to what happened when investors purchased properties during extremely low-rate environments and built their deals around financing conditions that did not last. When rates increased, some properties and projects could no longer support themselves. That is exactly the type of situation the 5% Rule™ Cash Flow Test is designed to help investors avoid. Why Cash Flow Creates Options Wayne and Gabby share another example from their own portfolio. One of their properties recently became vacant after several years. The property now needs repairs and improvements. But they are not scrambling to find the money. Why? The property's cash flow has been accumulating inside its reserve fund. That reserve can now pay for the work. No emergency credit card. No unexpected cash call to the joint venture partner. No panic. The rental business generated the money needed to maintain the rental business. That is how Wayne and Gabby believe a long-term portfolio should be built. Is That Basement Suite Actually Legal? The second major topic today begins with a situation Wayne recently heard about. An investor had been renting a basement suite when the municipality contacted them and wanted to inspect it. The problem? The suite was not properly permitted. Now the investor is facing questions about whether the tenant can continue living there and what happens to the economics of the property if that basement rent disappears. This is why Wayne believes investors need to verify secondary-suite status before purchasing the property. The Numbers Can Look Amazing Non-conforming suites can be tempting. Imagine two similar properties. One has a fully legal secondary suite. The other has a basement suite that looks almost identical but was never properly permitted. The non-conforming property may sell for less while producing almost the same advertised rental income. On a spreadsheet, that can look like an incredible deal. But that additional rent comes with risk. If something happens and you can no longer rent the basement separately, does the property still work? The Question Wayne Would Ask If you are considering purchasing a property with a non-conforming basement suite, Wayne suggests running a worst-case scenario: Does this property still cash flow if I cannot rent the basement separately? Assume the suite gets shut down. Assume you must rent the entire house as one unit. Does that rent still cover the property's expenses? Does it still pass the 5% Rule? If the answer is no, you need to understand exactly how much risk you are accepting. Wayne and Gabby's preference remains much simpler: Buy or build legal suites. Don't Overpay for an Illegal Suite Wayne gives a simple example. Imagine similar bungalows in a neighbourhood are worth: $400,000 A comparable property with a properly permitted legal suite might be worth: $500,000 Now imagine another $400,000 bungalow has an unpermitted basement suite. An investor sees the additional rental income and pays: $450,000 They think they received a bargain because it is cheaper than the legal suited property. But that unpermitted suite does not necessarily create the same market value as a fully legal one. You may have simply paid $50,000 too much for a $400,000 house. How to Check Whether a Basement Suite Is Legal Before buying a suited property, investigate it. 1. Check the Zoning Determine whether secondary suites are permitted under the property's zoning and municipal rules. 2. Check the Permits Find out whether the correct permits were actually issued for the secondary suite. Do not simply take the seller's word for it. 3. Confirm Final Inspections A permit being opened does not necessarily mean the work received final approval. Ask whether all required inspections were completed and the permit was properly closed. 4. Compare the Current Suite to What Was Approved A previous owner may have obtained approval and then changed the property afterward. Make sure today's layout and use still correspond with what was permitted. Some Cities Make This Easier Depending on where you are investing, your municipality may provide online tools that can help with the initial research. Wayne and Gabby discuss several examples. Edmonton has tools investors can use to research secondary-suite permits. Calgary has a secondary-suite registry. Winnipeg allows investors to search issued permits by address. Other cities, including Toronto and Vancouver, have permit and property-research tools, but investors may still need to contact the appropriate municipal department to confirm the actual status of a secondary suite. The easiest approach is usually: Search the city's online tools first. Then, if there is any uncertainty, contact the municipality directly and ask: "Does this address have a permitted secondary suite, and were all required final inspections completed?" What Causes the City to Investigate? Municipalities generally are not driving around neighbourhoods searching for illegal basement suites. Problems often begin because somebody complains. Two obvious possibilities are: Tenants. And: Neighbours. A tenant who becomes unhappy with the landlord may discover that the suite is not legal. A former tenant may complain. A neighbour who is frustrated with parking, noise or repeated rental problems may report the property. Everything can operate smoothly for years. Until somebody makes the phone call. What Happens to the Tenant? This is one of the risks investors sometimes overlook. You may have a valid residential tenancy agreement with someone living in the basement. If the municipality determines they can no longer legally occupy that space, you now have two problems. You lost the rental income. And your tenant may need somewhere else to live. Depending on the circumstances and applicable law, the landlord could potentially face costs resulting from being unable to provide the premises promised under the tenancy agreement. That could include temporary accommodation, moving, storage or other expenses. This is an area where investors should obtain proper legal advice for their specific situation. Don't Forget the Insurance Company Another major concern is insurance. Imagine you buy a property with an illegal secondary suite. You obtain landlord insurance. You collect rent. Everything appears fine. Then there is a major claim. A fire. Serious water damage. Liability involving an occupant. The insurance company investigates and discovers the property was being used differently than represented or that an unpermitted secondary suite was being occupied. That is not the time you want to discover that your coverage may be affected. Wayne recommends being transparent with your insurance professional and making sure the property is properly insured for the way it is actually being used. The Liability You Don't Want Wayne also discusses the extreme scenario investors sometimes hear about involving fires in illegal basement suites. If a landlord knowingly operates an unsafe or prohibited suite and someone is seriously injured or killed, the consequences could go far beyond lost rent. The circumstances surrounding any legal liability would depend heavily on the facts, but the underlying lesson is simple: Do not knowingly ignore serious safety or permitting issues. Saving money by avoiding permits is not worth taking a catastrophic risk. The Main Lesson A beautiful basement suite does not automatically mean you have two legal rental units. And a spreadsheet showing two rents does not mean you can count on receiving both rents forever. Before buying: Check the zoning. Check the permits. Confirm final inspections. Verify what was actually approved. Speak with your insurer. And run the property numbers assuming that basement rent disappears. If the entire investment collapses without the non-conforming suite, understand that you are taking a significant risk. Wayne and Gabby's preferred approach is straightforward: Buy legal. Build legal. The additional cost is usually much easier to deal with than discovering years later that the rental income your entire investment depended on was never guaranteed in the first place. About Your Hosts Wayne and Gabby Hillier are Canadian real estate investors, entrepreneurs and founders of REI Masters. Through the Canadian Real Estate Investing Morning Show, they provide practical Canadian real estate investing education, lessons from their own portfolio and free coaching every weekday morning. Send Your Questions to the Show Have a question you want Wayne and Gabby to answer?

What happens when a tenant runs their lawsuit through ChatGPT? Adam Willis, CEO of Nestwell Property Management, is finding out. His team is now fielding a wave of AI-generated small claims filings and fair housing complaints, with tenants representing themselves in court.02:40 - Using Self Help Portals11:05 - Shared inbox & Ticketing14:41 - Sponsor - Enterprise Bank & Trust16:05 - Adam's in-house Real Estate Brokerage22:42 - Maintenance28:19 - Fractional Executives32:30 - Finding talent34:05 - Sponsor - Haven AI35:34 - Creative compensation Plans47:38 - AI empowered tenants56:19 - What Peter is working on right now59:07 - Where are owner/operators susceptible to disruption?01:04:42 - Big Win opportunitiesAdam's back for a rare repeat episode. We cover his shift from static self-help portals to a unified, Delta-style communication experience, why Nestwell runs its own real estate brokerage under one brand, and how a resurrected in-house GC company now handles turns in-house.We also get into fractional executives, a comp plan he's since walked back, and where he thinks property management is most exposed to AI-driven disruption.If you're rethinking your comms stack, your comp plan, or curious how another operator is handling AI on both sides of the business, this one's worth a watch.Learn more and connect with Adam here: Adam on LinkedInNestwell PM__Resources for Property Managers & Real Estate Entrepreneurs:- Crane – Private PM Owner Community → Join a private network of property management owners and operators: https://joincrane.co/- Free Weekly Newsletter → Property management insights, strategies, and industry updates direct to your inbox: https://peter.beehiiv.com/subscribe- RL Property Management → Learn more about Peter's company and services in Columbus, Ohio: https://rlpmg.com/__Disclaimer: The content of this podcast is for informational purposes only and does not constitute professional advice. I may have consulting agreements with, or financial interests in, companies mentioned in this podcast (more info here: https://www.peterlohmann.com/financial-interest-disclosure). Additionally, some of the links included may be affiliate links, meaning I may earn a commission if you purchase through these links. Always perform your own due diligence before making any financial or business decisions.

Tenants of the North Lawn apartments in Kansas City's Historic Northeast were forced to move out by the city due to the complex's hazardous conditions — capping off years of troubles with a landlord who failed to make proper fixes. But a deal with the city and the new owner should allow tenants to move back to a repaired building.

A deadly Syracuse fire and years of violations expose a larger problem: financialized housing can reward revenue growth while tenants struggle for heat, safety, and repairs.Subscribe to our Newsletter:https://politicsdoneright.com/newsletterPurchase our Books: As I See It: https://amzn.to/3XpvW5o How To Make AmericaUtopia: https://amzn.to/3VKVFnG It's Worth It: https://amzn.to/3VFByXP Lose Weight And BeFit Now: https://amzn.to/3xiQK3K Tribulations of anAfro-Latino Caribbean man: https://amzn.to/4c09rbE

About 1000 social housing households in the capital are facing rent increases as Wellington City Council undertakes a massive renovation programme across the city. Ellen O'Dwyer reports.

In this episode, Stuart and Daren Laureano share insights into their innovative approach to commercial real estate, focusing on adaptive reuse, operational alpha, and leveraging AI for risk management and knowledge continuity. Discover how their family-led business is shaping the future of urban infill assets in key markets like Los Angeles, Miami, Austin, and Nashville.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Your midterm rental tenant is going to live in your property for 30, 60, 90 days or more. That's a long time to be wrong about someone. Katie Lyon is a midterm rental landlord and part of the Furnished Finder team. In this video, she breaks down the one decision that separates landlords who sleep well at night from the ones who don't: running a real tenant screening every single time. She covers what a photo of an ID actually tells you, why references and work contracts fall short, and the three reports that give you the full picture on each applicant.For the full video: https://www.youtube.com/watch?v=qaa74Bx-2RcChapters00:00 Meet Katie Lyon00:25 The One Decision That Matters Most00:34 Why Midterm Stays Raise the Stakes00:47 The Screening Mistakes Landlords Make01:08 Why an ID Isn't Enough01:14 What References Actually Miss01:32 What a Real Screening Looks Like01:35 Screening Tenants Is Easier Than You Think01:42 TransUnion Backed Reports Explained01:48 Report 1: Reading Credit History02:05 Report 2: The Eviction Check02:21 Report 3: Background Check02:23 Before You Hand Over the Keys02:37 The Tenant Pays for Screening02:49 How to Request It in Furnished Finder02:54 Screen Before the Lease Is Signed03:01 Your Action Item This WeekEvery tenant, every time. That's the habit that protects your property, your income, and your peace of mind.Want to list your furnished property or find midterm housing? Visit https://www.furnishedfinder.com/Subscribe for more midterm rental tips from real landlords in the field.TAGS: real estate investing, midterm rental, midterm rental landlord, tenant screening, how to screen tenants, furnished rental tips, furnished finder, TransUnion tenant screening, eviction check, credit check for tenants, background check, travel nurse housing, midterm rental setup, rental property tips, landlord tips, remote worker housing, midterm rental landlord tips, Katie Lyon furnished finder The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for one low price and pay zero booking fees.

WNYC's Ryan Kost joins us to revisit some of the biggest stories NYC Now and Gothamist covered this summer, from the Knicks championship and Zohran Mamdani's first months in office to extreme weather, major public health concerns, the World Cup and more. -Got any questions, comments or story ideas? Send us a message at NYCNow@WNYC.org Photo: NurPhoto/Getty Episode Notes: NYC honors Dolly Parton NY counties resisting law limiting cooperation with ICE hit with subpoenas Tenants in NYC's worst buildings to be put on housing court fast track Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This is the noon All Local for Tuesday, August 25, 2026

Join our upcoming live event at GREwebinars.com. It's called "The Seven Figure Solution" on August 27th at 8 PM Eastern. After listening to me for 12 years, learn how to finally put it all together for a coordinated, tax-efficient retirement and wealth plan.  Keith debunks alarmist predictions of an 80–95% housing crash and explains why inflation, constrained supply, and strong demand continue to put upward pressure on home prices.  He breaks down key trends in renter mobility, highlights how the AI boom is driving record-breaking rents in San Francisco, and contrasts "dopamine culture" and money maxing with GRE's philosophy of growing one's means through income property and leverage.  Keith also discusses how the Seven-Figure Solution framework helps real estate investors more effectively integrate properties, taxes, insurance, and retirement planning.  Episode Page: GetRichEducation.com/620 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Join Mid South Home Buyers' one-time, free live webinar featuring Keith Weinhold on September 30 at GetRichEducation.com/MidSouth to learn how Memphis' economic expansion could create new real estate investment opportunities, and have your questions answered in real time. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host Keith Weinhold. An alarmist calls for a housing price crash of 80 to 95 percent. We'll listen to it. This city's rents are up 26 percent annually. The rise of dopamine culture and money maxing has made its way into personal finance. Then an invitation to join us for a special event today on Get Rich Education.   Keith Weinhold  0:29   What if I told you that one of America's strongest cash flow real estate markets is also becoming the new brains and brawn behind AI? That city is Memphis, believe it or not. In September 30th, we're going to show you why the smart money is paying attention now, along with an investing opportunity you won't want to miss. Join me, Terry Kerr and Matthew Van Horn of Mid South Homebuyers, the largest turnkey company in Memphis with more than 6,000 homes under management, for a free live webinar, the likes of which I've never done before. We're going to look at what billions in new investment could mean for jobs, housing demand, neighborhood appreciation, and your portfolio. Everyone who attends live will also get exclusive access to the best deal terms MidSeal has ever offered. Reserve your free seat at getricheducation.com/midsouth. Again, that september 30. Don't say we didn't tell you. Save your spot at getricheducation.com/midsouth.   Speaker 1  1:35   You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.   Keith Weinhold  1:51   Welcome to GRE from Naples, Italy, to Naples, Florida, and across 188 nations worldwide. You're listening to one of America's longest-running and most listened-to shows in the real estate world. This is Get Rich Education, and I'm Keith Weinhold. Yes, the very founder of this snaggle-toothed operation right here. I'm a longtime real estate investor myself, erstwhile writer for both Forbes and the Rich Dad Advisors, serving on the Forbes Real Estate Council, you can also see my work in the USA Today and Business Insider. I'm the creator of Real Estate Pays Five Ways and the Inflation Triple Crown. Oh, after all that, really, I'm just a shaved mammal with slack jaw, a highly leveraged hominid of the landed gentry, right before I discuss the housing price crash of 80 to 95% you know, keep in mind that most people think that if you're in real estate, then you've got to be either a realtor or a landlord. I am neither a realtor nor a landlord. People also think that it takes tons of money. It does not. Now you could pursue no money down strategies, but that takes some time to learn and skill to develop. Now I was a landlord in the early years of my real estate investing, but after about six years of that, I hired a property manager and never looked back. Therefore, keeping this mostly passive, a 20 to 25 percent down payment on a carefully selected residential rental property includes ones that today can still have purchase prices below 200k. That's purchased in a geographically investor advantaged market. Okay, that is the center of what we do here because when you own property this way, now you've got the margin where you can pay a property manager to enjoy the five ways that you're paid mostly passively. Be a savvy borrower.   Keith Weinhold  4:02   Now, when you're between deals and accumulating capital to add the next piece of property to your rental portfolio, that's where you can flip and do the opposite in the short term and be a real estate lender for perhaps an eight to 10% stable return. That's what I do, rather than getting three and a half percent, which is the going rate today in a high yield savings account. So be a lender between deals in the short term, or you're a savvy borrower long term. Now the late analyst at Housing Wire, and he was also a past guest here on the show, Logan Modashami, he brought this 80 to 95% housing price crash media piece to my attention. It's in the form of a meta reel that got a lot of attention. Let's play it. I mean, this type of nonsense circulates out. It's not founded on anything substantive, and this just absolutely does not serve anybody. You've got to take this type of thing as entertainment, but it's being presented in a serious, informative way, and just listen to the basis for the claim.    Hayden Weston  5:19   The United States housing market is about to collapse 80 to 95 percent, which means that homes that were worth 1.5 million are going to be worth 300,000. The reason is simple: the U.S. housing market has reached its most unaffordable level in history. People cannot afford to buy homes, and if people cannot buy homes, the market must correct. The question is how hard the market is going to crash, not if it will. According to CPI and price history data, this is predicted to be worse than the 2008 housing bubble. We are going to see prices drop 80 to 95 percent.   Keith Weinhold  6:02   A housing price collapse of 80 to 95 percent. This is from a platform called Hayden Trades. It has got to be the worst example of trying to steal attention rather than serving people. Gosh, don't even make 20% or 50% crash predictions anymore go for far higher, I guess. He says it is according to the CPI and price history data. This doesn't even make sense. Now the low affordability mentioned that part is true, and this is what's slowed home price appreciation. But here in the late 2020s, there was more upward pressure on home prices, not downward inflationary pressure, which is rampant. That is poised to raise replacement cost because a home is a bundle of land, labor, lumber, concrete, copper, and energy. America's best job markets face land and regulatory constraints that pressures prices upward, and regulations are not easily repealed either. There's a large reservoir of sideline buyers that still want to own, and single-family home construction is woefully insufficient, keeping the supply down. Indeed, there is more upward pressure on home prices, not downward. This coming inflation wave, that's exacerbated by war, is unfortunately, or fortunately, if you're positioned, it's poised to widen the K-shaped economy where winners win bigger and losers lose more. The boat is leaving the dock. Are you on it?   Keith Weinhold  7:54   The distance between the boat and the dock just keeps increasing, and eventually you won't be able to make the leap, the jump from the boat to the dock. Now, in the near term, because we're approaching the fall season, when you hear stats about median home prices, note that prices are lower in autumn and winter than they are in spring and summer. It happens pretty much every year. Now, why is this? Well, one reason is that a lot of people don't think about is simply the fact that smaller houses get sold in the winter compared to the summer. And why would this be? This is because families with school-age children who need larger homes get their deals done in summer months before school starts. That is one reason why median home prices are higher in the summer than they are in the winter. When you look at a long-term price chart of homes, this is why you see peaks each summer and dips each winter. Now, investors like us. Now we're not buying so much for school-age children considerations, but this phenomenon affects the median prices that you see quoted in most any market. That is how that works, and why homes present better in the summer too. Green lawns, Leaves, flowers, and natural light improve curb appeal. Some say buy when the snow is flying, sell when the flowers are blooming.   Keith Weinhold  9:32   Shortly, I want to tell you about the city with rents that are up 26% year over year, and there's no end in sight to those rent increases, either. But first, there's a significant national real estate trend. Now, a lot of times, the discussion about the rental market centers around the level of rents or the vacancy rate, and those metrics sure do matter. But what about tenant retention? That is. Renter mobility rate. How long do residents stay? Well, renter mobility is down, down, down. They are not moving around. That's the big trend. Tenants are staying longer. Renters are waiting longer to buy homes than prior generations did. I mean a lot of people are beginning to wonder if their starter home will arrive before their first social security check does? The share of renters planning to move within three years that has plunged since 2019 from 57% then down to just 37% now. This is according to a national survey from the New York Fed. 57 down to 37% that plan to move within three years. Yes, this means that even after the pandemic waned, renters plan to stay in place longer. Everyone is staying put longer, and what exactly is keeping all of those moving boxes in storage? You guessed it. Buying their own home is more difficult to afford. It's kind of like an obstacle course where the down payment is waiting at the finish line, which is a long ways away. It's like an ultra marathon. This decline in renter mobility. This is obviously good news for income property owners and landlords because vacancy and turnover are our greatest expenses. People are paying more.   Keith Weinhold  11:39   You know, it's interesting that many are staying and put because a lot of renters often pay three to 5% annual renewal increases, especially in single-family rentals. Among apartment dwellers, there are currently more move-ups than move downs. People willing to spend a little more, and part of this is because a lot of people have just simply given up, completely given up on buying a home, choosing instead to fritter away their money on DraftKings parlays, couchie predictions, meme coins, burritos whose delivery fees cost more than the burrito, and a dozen forgotten subscriptions quietly feeding on their checking account. Yeah, a lot of people have just given in. Besides falling renter mobility, there is also falling homeowner mobility. One reason it has fallen is due to the well-documented mortgage rate lock-in effect. But mobility is down among both groups, among renters and homeowners, for a few different reasons. Like I've mentioned in previous shows, America is aging, and older people move less. Remote work means people don't have to move for a job, and housing inventory remains limited. This means that there are few attractive alternatives to move into, whether you're a homeowner or a renter. Those are some reasons as to why mobility is down for both groups. And the New York Fed analysis shows that renter mobility it is especially weak among that subgroup that believes that they will never own a home. I mean, this group of people really isn't moving. They are staying in place even longer. This group that believes that they will never own a home, and this is a skew toward lower income renters for sure, but even upper income renters are staying longer. You know, I own a lot of single family rental homes myself, and I'm just thinking now, I can't even remember the last time someone's moved out. It might be over a year since anyone has moved. The average renter's perceived chance of ever owning a home that has fallen, and this is significant for investors. Okay, that percent of renters that ever hope to own a home has fallen from 52% back in 2015 down to just 35% last year. 52% down to 35% The amount of renters that think they'll ever own a home. Both single-family rental and apartment renters are staying longer. This is both types, and it's not because these renters stop wanting homes. About two-thirds say that they would prefer to own if they had the money to do so. This is substantial. The drop in American mobility rate. I mean, that part is actually decades long, and this seems to catch people off guard. A lot of people falsely believe that people are moving more often, and that's something I've touched on before. This deeply hurts.   Keith Weinhold  15:00   Certain industries like moving companies, furniture stores, and yes, real estate agents—all these groups of people have got to be wondering where did everybody go? The answer is nowhere. Apparently, they are not going anywhere. So the bottom line here, with this lack of mobility, is that renters feel locked out, owners feel locked in, and landlords feel locked up with their tenants staying longer. Although this is good news for landlords and investment property owners, you know there is one thing to be careful of amidst these longer tenant stays, and that is, well, say you buy a rental property with an existing tenant in place that's been there for a while, it's more likely then that that tenant is paying below market rent, and why would that be? Well, because generally, the longer a tenant stays, the more likely it is that the previous landlord gave them a break on the rent. Now, why does that happen? Well, landlords can get lazy about bumping up the rent, and see what's really going on is that the previous landlord, perhaps the person you bought the property from, they themselves bought the property at a much lower price years ago than you did today, and therefore their mortgage payment is lower, and therefore the lower rent was able to cover their mortgage payment. So they weren't too worried about it. But if you're buying at today's prices, well, then you cannot stand for yesterday's rent amount, and that's why it's more likely that you need to bump up the rent to market rent. Although national rent growth is pretty flat, San Francisco continues to rewrite its record book per Zumper's national rent report.San Francisco's one-bedroom rent is up 23% year-over-year to 4,180 bucks, and two-bedroom rent is up 26% to over 6K, 6,020 dollars for the median rent in a two-bedroom San Francisco apartment-the first time they've ever topped 6K there. Yes, the city continues to lead the nation in annual rent growth, and even ahead of New York City for two bedrooms. That's because this is where the growth of the AI industry has collided with a supply-constrained housing market, high demand over low supply. I mean, you might remember that San Francisco was hit especially hard by the pandemic, but its bounce back has been amazing. Even beleaguered San Francisco office buildings are filling up again amidst the AI boom. Now, the Bay Area's previous tech boom back a while ago that was led by tech giants like Facebook, Apple, and Google. All right, that boom was largely concentrated in these sprawling suburban office parks in Silicon Valley. Now Silicon Valley is not in San Francisco. It is depending on just where you're going, perhaps 60 minutes south of San Francisco proper. But see, this time the city limits San Francisco finds itself as the epicenter because a lot of the newest, biggest names in tech like Anthropic and OpenAI, they are headquartered in the very same city neighborhoods that were struggling with occupancy just a few years ago, and see a big part of what's going on, and there's a lesson in this for you as when a lot of other cities built like Phoenix and Austin did, San Francisco did not, and what's interesting is that the publication, the San Francisco Standard, it reported that get this last November a two-bedroom apartment overlooking Alamo Square was advertised for $5,000 per month. That was already 30% above San Fran's median two-bedroom rent at the time, but despite that fact, so many people attended the open house that the property manager had to divide them into two touring groups. Qualified applicants were then emailed and told to submit their best offer of rent. Okay, basically an invitation to a bidding war here. One tech worker and her roommate bid $5,100. Management responded that they had reached the second round and invited them to increase their bid again, and they declined to increase their bid and they lost the apartment. Those. Same article reported that an even more extreme marina neighborhood example, the winning renter offered substantially above asking price, six months upfront rent, and twice monthly professional cleaning. What kind of prospective tenant offers their landlord professional cleaning? I've surely never had it happen. That and bidding wars are now taking place for San Francisco rentals. Could an AI surge and a lack of supply make anything like that happen in your rental market? That remains to be seen, and probably not to that extent. I've got more for you straight ahead, including the trend of money maxing. I'm Keith Weinhold. You're listening to episode 620 of Get Rich Education. What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group NMLS 42056. They provided GRE listeners with more loans than anyone because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal and even chat directly with President Chaley Ridge while it's on your mind. Start at RidgeLendingGroup.com. That's ridgelendinggroup.com. Let me ask you something: If you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom Family Investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation. In full disclosure, I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed. But with a track record of consistent, on-time investor payouts, they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call, or text family to 66866. That's family 266866.   Keith Weinhold  17:22   Although national rent growth is pretty flat, San Francisco continues to rewrite its record book per Zumper's national rent report. San Francisco's one-bedroom rent is up 23% year-over-year to 4,180 bucks, and two-bedroom rent is up 26% to over 6K, $6,020 for the median rent in a two-bedroom San Francisco apartment-the first time they've ever topped 6K there. Yes, the city continues to lead the nation in annual rent growth, and even ahead of New York City for two bedrooms. That's because this is where the growth of the AI industry has collided with a supply-constrained housing market, high demand over low supply. I mean, you might remember that San Francisco was hit especially hard by the pandemic, but its bounce back has been amazing. Even beleaguered San Francisco office buildings are filling up again amidst the AI boom. Now, the Bay Area's previous tech boom back a while ago that was led by tech giants like Facebook, Apple, and Google. All right, that boom was largely concentrated in these sprawling suburban office parks in Silicon Valley. Now Silicon Valley is not in San Francisco. It is depending on just where you're going, perhaps 60 minutes south of San Francisco proper. But see, this time the city limits San Francisco finds itself as the epicenter because a lot of the newest, biggest names in tech like Anthropic and OpenAI, they are headquartered in the very same city neighborhoods that were struggling with occupancy just a few years ago, and see a big part of what's going on, and there's a lesson in this for you as when a lot of other cities built like Phoenix and Austin did, San Francisco did not, and what's interesting is that the publication, the San Francisco Standard, it reported that get this last November a two-bedroom apartment overlooking Alamo Square was advertised for $5,000 per month. That was already 30% above San Fran's median two-bedroom rent at the time, but despite that fact, so many people attended the open house that the property manager had to divide them into two touring groups. Qualified applicants were then emailed and told to submit their best offer of rent. Okay, basically an invitation to a bidding war here. One tech worker and her roommate bid $5,100. Management responded that they had reached the second round and invited them to increase their bid again, and they declined to increase their bid and they lost the apartment. Those. Same article reported that an even more extreme marina neighborhood example, the winning renter offered substantially above asking price, six months upfront rent, and twice monthly professional cleaning. What kind of prospective tenant offers their landlord professional cleaning? I've surely never had it happen. That and bidding wars are now taking place for San Francisco rentals. Could an AI surge and a lack of supply make anything like that happen in your rental market? That remains to be seen, and probably not to that extent. I've got more for you straight ahead, including the trend of money maxing.   Keith Weinhold  20:46   I'm Keith Weinhold. You're listening to episode 620 of Get Rich Education. What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group NMLS 42056. They provided GRE listeners with more loans than anyone because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal and even chat directly with President Caeli Ridge while it's on your mind. Start at ridgelendinggroup.com. That's ridgelendinggroup.com.   Keith Weinhold  21:23   Let me ask you something: If you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom Family Investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation. In full disclosure, I'm an investor myself. What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed. But with a track record of consistent, on-time investor payouts, they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call, or text family to 66866. That's family 266866.   Robert Kiyosaki  22:26   This is our rich dad, poor dad author Robert Kiyosaki. Listen to Get Rich Education with Keith Weinhold, and there is I respect Keith. He's a very strong, smart, bright young man.   Keith Weinhold  22:47   Welcome back to Get Rich Education. I'm your host Keith Weinhold. The rise of quick hit dopamine culture has definitely hit the personal finance world, and this is not a good trend for a lot of Gen Zers, who are those age 14 to 29, sports gambling is increasingly a part of what they think is financial planning. A recent survey from the wealth management platform Betterment shows that 26% of Gen Zers, more than one in four, then consider sports gambling as part of a deliberate long-term financial strategy. If you think that's bad, more than half of Gen Zers, 52% say they've rerouted funds from investment over to sports betting in the past year, and that's versus just 24% of all Americans. Yes, the rapid legalization of sports gambling means it's never been easier to bet your whole paycheck that the Mets are going to lose 100 games this season. When a prediction market or a sports book starts to feel like a retirement strategy, we have a problem, and this is congruent with the rise of dopamine culture across all of society, where we've gone from playing sports, then to watching sports, and now to gambling on sports. In the kitchen, it's where we've gone from home cooking to leaving and getting fast food, to ordering Uber Eats, it's where media has gone from film and TV to streaming shows, and now with dopamine culture, it is watching reels. It's how shopping has gone from first high street shopping, then to Amazon and now to the TikTok shop. It's how communicating with people. It's gone from handwritten letters to sending emails to Snapchats. It's how we've gone from newspapers to breaking news to rage bait. As far as what we listen to for music, this rise of dopamine culture-it used to be vinyl records, and then Spotify playlists, and now it's trending sounds.   Keith Weinhold  25:11   It's gone from finding love to casual dating to infinite swiping. How about the way we look at and share photos? It's gone from photo albums to camera rolls to Instagram stories, and how about the way we access information with this rise of dopamine culture? It's gone from libraries to Google to Chat GPT, and that brings us to money maxing. Okay, yes, here in our finance world, the rise of dopamine culture has led to this. Yes, that is apparently a word now. Money maxing-it's all one word with 2x's. It sounds like something invented by a 22-year-old who's got three credit cards, three hoodies, and one fork. Okay, but money maxing-that is one of the newest personal finance trends spreading across social media. Now, the maxing stuff in that whole suffix that first became popular through terms like looks maxing, which means trying to maximize your physical appearance, whether you're male or female, and now people are sleep maxing, health maxing, career maxing, and I guess it was just inevitable until they were money maxing. And what it really means is optimizing your financial life so that every dollar works harder for you. That could include using a high yield savings account, earning credit card points and rewards, automating your investments, negotiating bills, and eliminating wasteful spending-eh, in other words, it's just another internet reinvention of financial responsibility. I mean, your grandparents just called it being sensible.   Keith Weinhold  26:58   Now, I do like the fact that young people are talking about money. I mean, as we've covered before, financial education is desperately needed. Schools will teach you about the parts of a biological cell, but surely not how to read a mortgage statement. So you can graduate knowing that mitochondria are the powerhouse of the cell, while believing that a tax refund is free money from the government. So you know, directionally, money maxing is good, but see, it usually only focuses on one side of the equation. That's the problem with money maxing. It only focuses on spending less. And here at GRE we take a different approach. The old financial advice is live below your means, and GRE's philosophy is grow your means. You should only live below your means earlier in your financial life when you sort of have to and you need to form capital for investments. But grow your means so that you can have the means to do things. I mean, that is the point of financial betterment.   Keith Weinhold  28:09   Long term, financial betterment is certainly not sustainable by saving money by getting a haircut at home, only watching men's fast pitch softball at the Moose Lodge because it's free instead of going to a Major League Baseball game, saving $120 on air tickets by adding an extra layover on your trip itinerary, or a buy one get one free deal on Hillshire Farm Bacon. Now, of course, you shouldn't waste money if you're paying for six streaming services and you're only watching one. Well, cancel the others. If you carry a credit card balance at 24% surely extinguish that financial dumpster fire. But you cannot shrink your way to an extraordinary life. There is a floor beneath how little you can spend, there is no ceiling above how much value you can create for others. You can cancel your coffee, you can stop eating out, you can turn down the thermostat until your living room feels like a meat locker, but eventually there is nothing meaningful left to cut. That is the weakness in traditional money advice. It treats personal finance like a sinking ship, and it just hands you a bucket. Growing your means is building a bigger ship. The most powerful form of money maxing is not squeezing another 2% off your grocery bill. It is increasing your income. It is acquiring productive assets and creating systems that pay you repeatedly. I mean, saving 20 bucks is fine. Creating another income stream can continue for. Years. This is the difference between subtraction and multiplication. Most money-maxing advice really isn't different than that conventional advice. It's living in the world of subtraction. Cut this. Cancel that. Buy the generic cereal. Drive across town to save 12 cents per gallon. Hey, congratulations! You just spent 40 minutes of your finite life to save $2.80. Real wealth is built through multiplication. Multiply your income, multiply your skills, multiply your relationships, learn a new system, multiply the number of people you serve with rental property, and then multiply your money through productive assets. Now, this does not mean to spend recklessly. Growing means is not permission to inflate your lifestyle every single time your income rises, but it means directing more attention toward expansion than deprivation.   Keith Weinhold  30:59   Ask yourself a better question. Instead of asking how can I save another $100 this month, ask how can I create another $1,000 of monthly income. That very question activates a completely different part of your brain. Now maybe you develop a valuable skill. Maybe you negotiate your compensation. Maybe you start a business. Maybe you acquire an income property. Maybe you turn knowledge, intellectual property, or an audience into a recurring revenue stream. You start looking for leverage rather than looking for coupons and leverage, that is the real engine of what money maxing ought to be. Leverage means accomplishing more with less of your personal effort, and there sure are a lot of forms you can leverage other people's time. You can leverage systems and technology. We're going to talk about a system later here. You can leverage media where one message reaches 1000s or millions of people, and in real estate, you can leverage other people's money. You can scale. A few weeks ago, here I discussed four different types of scale. Real estate investors can get them all at the same time. If you remember, they are financial leverage, like with the five ways. There's operational leverage, there's geographic leverage, and finally replication. You use a relatively small down payment to control a much larger asset while your tenant pays you rent, that income helps cover the property's expenses and mortgage, and over time, inflation tends to lift rents and property values. While your fixed rate debt becomes easier to repay with diminished dollars, I mean that is real money maxing right there. In fact, GRE's real estate pays five ways framework might be the ultimate money maxing system. One property can produce cash flow; it can appreciate. Your tenant can gradually amortize your loan for you. You get the tax benefits, and inflation can transfer wealth from the lender to you through your fixed rate debt, five simultaneous financial benefits attached to one asset. Oh, and we're going to take that and compare that with saving 50 cents on toothpaste. Now, both things technically do improve your finances, but they don't even belong in the same zip code.   Keith Weinhold  33:41   Now, none of this means that every leveraged property is a good investment. In fact, leverage amplifies outcomes. A well-selected, properly financed property is going to accelerate your wealth creation. But a bad deal with thin reserves-hey, that can accelerate your introduction to an attorney. Money maxing still requires judgment. You want durable income, adequate liquidity, responsible underwriting, and you want to have enough reserves to withstand the inevitable surprise. Because every rental property eventually introduces you to something that is leaking, squeaking, or perhaps refusing to pay. The goal is not to optimize every dollar so aggressively that your financial life becomes fragile. And really, that is an important warning about all forms of maxing. Optimization can go too far. Someone might transfer money among five banks to chase these tiny promotional yields, and open 12 credit cards for bonus points, and then monitor every purchase with the intensity of airport security. Okay, I mean technically they're optimization. Their money, but they're also turning their life into like an unpaid accounting internship. Your money should create freedom, not become another demanding employer. Effective money maxing focuses on the big levers first. Get some big wins. Increase your earned income. Own those productive assets. Use good debt prudently. Reduce taxes legally. Protect yourself against catastrophic losses. Maintain liquidity, and then optimize the smaller expenses. Do not spend three hours clipping coupons while ignoring a poorly structured $400,000 mortgage. You do not congratulate yourself on saving $9 on lunch while leaving 50k idle in an account that earns almost nothing. So we don't obsess over credit card points while carrying a balance because paying 24% interest to earn 2% cash back is not money maxing. That is like arithmetic getting mugged in an alley. And there's also an important difference between looking rich and becoming wealthy. Social media rewards visible consumption on things like cars, watches, first-class seats, rooftop dinners, actual wealth-that's something that's often invisible. It is the rental property quietly producing income. It is the ownership stake compounding in the background. It is the tax strategy that's never going to appear in a photograph, and it is the growing gap between what you earn and what you need to live.   Keith Weinhold  36:46   The person displaying the most wealth can have the least. The person saying very little might own the building. So yes, embrace money maxing. Know where your money goes. Eliminate the waste. Negotiate recurring expenses, automate your good decisions, and make your dollar purposeful. Each dollar, but don't stop with living below your means because that is only financial defense. Growing your means is financial offense. Saving money can make you more secure. Owning productive assets-that's what can make you free. The highest form of money maxing is not becoming the world's most efficient consumer. It is making the transition from consumer to owner. Own businesses, own equities, own real estate, own assets that produce value while you sleep, travel, or spend time with the people that matter to you. Because your time is limited, and yet your appetite for generic cereal is also limited. But your ability to create value, acquire assets, and grow your means. That is far less limited. Live below your means if you must, but don't stay there. Grow your means. That is true money maxing. And the number one reason that people don't acquire wealth. Do you know what it is? It's that it simply does not occur to them that they can.    Keith Weinhold  38:24   That is what Brian Tracy said. That is so incredibly simple, and it's true. If you want a money max, you need to have a great system. Let me tell you about a system called the Seven Figure Solution. Now you've been listening to me weekly for almost 12 years here, which I'm immensely grateful for. You've been earning money, investing well, and here with the seven-figure solution, you're going to be able to finally see how it all goes together. It's about making sure that your real estate and other assets appropriately fund your retirement in a way that gives you protection against market downturns, a tax advantage pool of liquidity, the death benefit of a life insurance policy, and actually introduces you to a new form of leverage all at the same time, the liquidity is key because this is where a 401(k) or IRA limit you. Those vehicles have taxes and penalties if you want to use those funds early, and this does not.   Keith Weinhold  39:34   But the seven-figure solution-it's not just for retirees. In fact, our own in-house investment coach here, Naresh uses something like this, and he's in his 30s. It also gives you a significant tailwind during your investing career. Integrate the seven-figure solution the GRE way, where we have a conscientiousness about leverage in cash flow, and in this case, part of it is how to prove. Leverage a life insurance policy. When it's time to tap that policy's cash value, you take what is a policy loan, not a withdrawal, because you're borrowing against your cash value, and therefore you're using the funds in more than one place. That's the leverage, and then the IRS does not tax loan proceeds, and this reminds me of a billionaire borrowing against the value of their stock rather than having to sell any of those assets. And yet, this can be done tax-free. It's similar to what you can do with the seven-figure solution, even for non-billionaires, it is buy, borrow, die. This leverages an indexed universal life policy, and there is the right way to do this and the wrong way to do it. Part of the seven-figure solution is that your cash value can have an upside ceiling and loss protection on the downside. That's really something that you only care about more as you're closer to retirement. And there are some mistakes to avoid here. You don't just want to set up the seven-figure solution off of a website, and it's based on products that you might have heard of from companies like Nationwide and mass mutual. I strongly encourage you to learn more, see how it all goes together, and learn how the seven-figure solution compares to other vehicles like a Roth IRA, 401k, and even a 721 and 1031 exchange. This is very much about you being able to picture your future, you've been building your real estate portfolio either from your investment coach or on your own. This is how the puzzle pieces finally are all going to go together. I am cordially inviting you to join us for a special live event, the Seven Figure Solution. It is co-hosted by our own GRE investment coach Naresh and Haven Bridges Jared, who you heard from on the show with me last week. By attending live from the comfort of your own home or from anywhere, you can have your questions answered in real time. It is this Thursday, the 27th, at 8 p.m. Eastern, 5 p.m. Pacific.   Keith Weinhold  42:23   Most people spend decades building wealth, and then they lose far too much of it because the retirement pieces were never designed to work with each other. So you're going to see how real estate, taxes, insurance, and retirement income can fit into one coordinated strategy, helping you grow and protect your wealth, access capital without immediately selling your assets, and potentially avoid losing hundreds of thousands of dollars to taxes unnecessarily. So it's not just another collection of disconnected financial tips. Really, it's your opportunity to finally see the entire retirement picture and understand what might be missing from yours. It's complimentary to attend. The longer you wait, the fewer options you could have. Decisions made today can affect your wealth for decades. Don't wait until retirement day to discover that your plan had expensive holes in it. There are some moving pieces here, so it's especially helpful that you attend this one live, and that way you can have any questions answered in real time, so that you really understand. And you might have been one of thousands of listeners that have attended our property webinars before, and they are important to building your portfolio. But this one could very well be more important in seeing your big picture, seeing your retirement, and seeing that your heirs aren't left with a giant tax bill too. You can reserve your seat now for the seven-figure solution at grewebinars.com again. That's grewebinars.com. Until next week, I'm your host Keith Weinhold. Don't quit your daydream.   Speaker 2  44:14   Nothing on this show should be considered specific, personal, or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Keith Weinhold  44:42   The preceding program was brought to you by your home for wealth building. getricheducation.com.

Connect With ChazMark Podolsky spent years in investment banking with a 45-minute commute each way, buying things he did not care about to impress people who were not thinking about him. Then he started going to tax deed auctions on the side and buying raw undeveloped land for pennies on the dollar. He never looked back.Today Mark has done over 6,000 land deals, takes the entire month of July off every year to stress-test his team, travels globally at will, and runs what he calls a passive income machine built on three things: other people's time, software and automation, and other people's money. In this conversation with Chaz Wolfe, Mark walks through his entire land investing model step by step, explains why defaults are not actually a problem, why raw land is the most boring and least competitive niche in real estate, and why the only real mistake is stopping deal flow when you get scared.Key Takeaways:Raw land is an inefficient market. There is no MLS for dirt. Value is what a buyer and seller agree to. That inefficiency is the opportunity.Nobody wakes up thinking this is glamorous. That is the point. No HGTV show. No big money competition. No hedge funds. You and a million other investors could all be in this niche and run out of money before running out of deal flow.The model in one sequence: find a motivated seller with back taxes, offer 25 cents on the dollar of the lowest comparable sale, do due diligence for $11, buy it free and clear, sell it on terms to the neighbor or a buyer pool, collect a down payment and $297 a month for 72 months at 9 percent interest. No tenants. No rehabs. No renovations. No rodents.Defaults are not a disaster. They are a reset. The asset stays in your name under a land contract. You keep the down payment and all prior payments, lower your cost basis, and resell it. Sometimes defaults improve your ROI.The biggest mistake: fear-based decision making that stops deal flow. There is a 6-week lag between sending offers and getting responses. Stopping offers while you wait to sell inventory is how people stall the machine. In 20-plus years, Mark has never been stuck with a piece of land that would not sell at the right price.Entrepreneurs get bored with what works and go looking for the next county, the next niche, the next idea. The county that is making you money does not need to be replaced. It needs to be worked.Solo economic dependency is the trap. If you stop working, you stop making money. The land model solves that. $297 a month does not care whether you are at the office or in Bali.Freedom is not a number. It is a ratio. Mark's definition of enough: passive income at 200 percent of fixed expenses. Once you know your number, everything is just a game you choose to play.The happiest people have the best relationships. Money removes the biggest source of stress in a marriage and a family. It does not buy happiness. It buys the conditions for it.90 percent of the land business can be automated with inexpensive virtual assistants and software. The more automated the machine, the less valuable the owner needs to be to keep it running.If you are a contractor business owner doing $1M+ and you feel stuck in the day-to-day, we built GTK for you.Through peer mastermind and 1:1 coaching, we help you:increase profitinstall real systemsbuild a team that runs the businessget your time backVisit www.gatheringthekings.com for information on how to apply.Connect with Chaz Wolfe (Host):WebsiteFacebookInstagramLinkedInYouTubeProfit Starts with Better Books!Clean books. Clear reports. Monthly bookkeeping built by business owners, for business owners.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showLike what you heard? Share this episode with a friend and leave us a review on Apple Podcasts or Spotify! Join the conversation by visiting GatheringTheKings.com and apply to connect with other high-performing entrepreneurs and their families.