... and Landlord! Rental Real Estate Investing Podcast

CHANGE OF SCHEDULE DUE TO COVID-19... That's not just the title of this episode, but also an announcement. Because I'd rather not talk about Corona-virus week after week (and some other reasons) - I'm temporarily changing the schedule of the show from a weekly Tuesday release, to be a little more flexible and random. For the next month (or few), I'll still be releasing episodes, but maybe not weekly (at least once per month) - and not always on a Tuesday.

In this episode of the... and Landlord Rental Real Estate Investing Podcast - I talk about the home, and how it has become the center of our universe. And then what that may mean for the future. What does it mean to be a Landlord in a time when it seems the government has positioned itself to start covering the expenses (including RENT) for those who now cannot work due to no fault of their own?

And what will this mean for the future once this concept takes hold? Well, that's a bit political - and so I explore why I am willing to move forward with purchasing properties, even now amid all this economic uncertainty. I'm buying now (while I can), but with lending terms changing daily, that ability is quickly coming to an end. So I'll be working to get set for buying even more properties, once things start to open up again. Because I want to own as many properties as possible once the government starts paying everyone's rent - or whatever becomes the system to make sure that we're not in this same virus inflicted financial crisis all over again.

Today is March 31st... One day from now is April 1st, when RENT IS DUE in the USA. But on this Aprils Fools Day - will Tenants even be able to pay their rent? People have largely been unable to work for the last two weeks. And more people than you may be aware are working from paycheck to paycheck. And those government relief checks have yet to arrive. So what's it going to be between April 1st to the 5th?

April Fools Day is a little more than a week from now. But what that day means to me, is the same as any 1st of the month... It's the day RENT is due. But on this April 1st - the joke may truly be on me (and all Landlords)... Because there may be no rent coming in due to COVID-19.

But this episode of the... and Landlord Rental Real Estate Investing Podcast is about how half of my rental units are occupied by Tenants who have Section 8 Vouchers. Thus, a portion of my monthly rents come directly from the Government. This means the joke won't be completely on me. At least I'll have some amount of guaranteed rental income. But for my non-Section 8 Tenants...

The World has essentially shut-down. Most businesses are closed (or greatly reduced), so those workers aren't getting their normal paychecks. Some businesses are running reduced hours and altered workloads, but even those must often layoff workers in a situation like this. You can't keep all those employees on payroll when there are no customers. And if those now un-employed (X-employee's) are your Tenant's - how are they going to pay rent to you?

And then compare this to those who are invested in short-term rentals (AirBnB). No one is travelling - so they have basically lost 100% of their rental income. Yet mortgages and leases remain due for payment. Maybe payments will be waived or some sort of forbearance will be granted. But in this episode of the Landlord Podcast, I contrast my situation with Section 8 Rentals to those who have Short-Term (AirBnB) Rentals.

Just saying... Right now, I'm happy to know that I'll have some rental income in April. And I think I'd be freaking out right now if I was singularly and all-in on AirBnB.

When the Coronavirus hit, as with most things, I had jokes... I posted on FB the question of if this might be the Zombie Apocalypse virus or maybe the Planet of the Apes virus - and what should be my primary weapon of choice in either case. For instance, should I go with a crossbow or the shotgun to take out the resulting Zombies or talking Apes.

Jokes aside, while this is not that level of crisis, it is a challenging time none the less - and we could be on the verge of an economic recession of epic proportions. And while I certainly do not intent to make lite of being prepared with food and other items for the household - it occurs to me that while some people are rushing to the stores to buy toilet paper (among other things), others are buying the discounted assets (or preparing to do so) - that result from apparent crisis situations like this.

So hence the title and topic of this 51st episode of the... and Landlord Podcast - "The Rich Buy Assets, While the Poor Buy Toilet Paper". Fortunes are often made when there's fear, panic or even blood in the streets. And there is a quote that says "Observe the masses, and do the opposite." - well the masses appear to be focused on buying things like toilet paper. When they should be looking to buy the discounted assets that are certain to result from an economic downturn or recession.

The Stock Market is down big-time - but another way of looking at it, is that the Stock Market is having a sale. Real Estate is also likely to be on sale soon, as all-time low interest rates will increase purchasing power. We may also enter another round of short-sales and foreclosures as another economic downturn (or full on recession) causes financial stress for millions.

So I recorded this episode just to get you thinking - that while you certainly need toilet paper and other household items to get through the sort of thing we're experiencing now with this virus - you also need to be thinking about how you're going to come out the other side better off. Because the rich are buying assets while the poor (and middle class) are buying toilet paper.

Do you believe your local market to be "Too Hot" to start investing in Real Estate? No deals to be had where you live? If only you lived "there" - where deals are plentiful, because prices are low and rents are high - there. But where you live... Nope! Sucks to be you... Your Real Estate investing dream will have to wait for another day - when it's not such a "seller's market". Or at least, that's what I hear...

My local market is Durham, North Carolina. I'm both a Durham Realtor and an Investor in Durham. I started Investing in Rental Properties here in 2015, and I'm still buying in this market right now, for both myself - and for client's who I represent as their Durham Real Estate Agent.

In this episode of the... and Landlord Rental Real Estate Investing Podcast, I question those who think their local market is "too hot" and that there are "no deals". Yes, competition has increased across the nation. How could it not, with house flipping shows on every 10th channel? But are you not able to out perform someone who just watched a TV show and then said "hey, let's flip a house!"

If not, then your problem may NOT be just the "Hot Market". Maybe you also need to improve your systems and process. Or maybe you need to partner with an Investor's Agent - like me! Or at least if you're investing in Durham, North Carolina... Outside of Durham, I can't help you.

But I'm convinced that deals are available almost everywhere. So don't fall for the "grass is greener" syndrome. The grass is fine where you are also - but maybe it just needs some care. Likewise, maybe you just need to apply some consistent effort in your local market or work with a local professional to get a deal done.

Let's Talk... Business, Finances & Wealth. But not just in this 49th Episode of the... and Landlord Podcast. I'm now ready (and now have the location) for an in-person local meet-up. So here I announce that starting on April 6th (and the 1st Monday of each month thereafter) - we'll have a monthly meet-up to talk about (among other things)... Business, Finances, Wealth Creation, Mindset - and so much more about MONEY.

The location? It will be at Rivals Barbershop in Downtown Durham, North Carolina (727 N. Mangum Street - Suite 100). And Rivals Barbershop is my latest business endeavor... A partnership with Professional Barber (Khedron Mims) in a Sports Themed Barbershop.

NO - I'll not be cutting anyone's hair! But in line with the purpose of this monthly meet-up - I partnered with Khedron in Rivals Barbershop because its another business that will create additional passive income for me. It also gives me the chance to lend my business knowledge and expertise to aid Khedron in creating passive income for himself.

So what better place to come together on a monthly basis to discuss helping others to do the same. If you've ever desired to start a Business; have a Business that you seek to grow; want to get into Real Estate (Flipping, Wholesaling, Rentals); or you just want to make more Money; improve your Finances and grow your Financial IQ - this is the place you need to be each 1st Monday of the month at 6:30PM.

Owner's Property Insurance is not the only type of Insurance that you need to consider... Another is Renter's Insurance. And do you / should you require your Tenants to obtain Renter's Insurance? That's the question being asked and answered (from my point of view) in this episode of the... and Landlord! Rental Real Estate Investing Podcast.

Here I go into details as to some of the ways you're protected by having Tenant's obtain their own coverage in the form of Renter's Insurance. Not least of these protections is that the mere fact that you've impose this requirement will result in certain prospective Tenants (who might have been problematic) - self-eliminating from consideration of occupying your property in the first place. Putting reasonable (and LEGAL) barriers to Tenancy in place will help to get you the best Tenants - and a Renter's Insurance requirement can be just one means of doing so.

Much of what we discuss on this Podcast is about how to be the best Landlord you can be - with the fewest headaches. Well, having a Renter's Insurance requirement for Tenants can be one of many means to that end. Renter's Insurance is a protection not just for your Tenant, but for your property, for YOU and your LLC - paid for by your Tenant. What's better than a benefit for you that is paid and provided by someone else - and for which they benefit as well?

I LOVE owning Rental Real Estate and being a Landlord - however, maybe it's not for you... But that doesn't mean you cannot be a Real Estate Investor - as there are ways of doing so without having to buy Real Estate and becoming a Landlord. One such means is Real Estate Note Investing. And so who better to have on the show than Scott "The Note Guy" Carson - to cover the basics of Investing in Real Estate by obtaining the Note.

Scott Carson joins us for an episode of the... and Landlord Rental Real Estate Investing Podcast - to discuss both Performing and non-Performing Note Investing. So what is Note Investing? What is a "Performing" versus "non-Performing" Note? Well listen to Scott answer these questions - and many more about Real Estate Note Investing in this 47th episode of the... and Landlord Podcast.

The cover-art for this episode has multiple paper airplanes flying - but one is a different color and is soaring higher than the others. You could consider that one to be the successful attempt at flight; whereas the others failed. Well, this is what Marketing for Deals is like. Each paper plane represents a different marketing method, channel, message or attempt - and you may have no idea which one(s) will take off and soar high into the air with success; versus which will fall to the ground in failure.

To be successful in the business of Residential Rental Real Estate Investing, you must be able to find an ample number of distressed properties that can then be obtained for below there typical value - even after accounting for the rehab required. And to do that, you must be good (if not great) at Marketing for Deals. And that's what this episode of the... and Landlord Podcast is all about. Marketing for Deals and creating your Marketing for Deals Machine.