Get Real Podcast

EPISODE SUMMARY:

Property Managers play a vital role in the real estate industry since they are the mediators between the landlords and tenants and ensure proper communication is taking place.

In today's episode, find out some essential things you need to know about property management with Mandi Clark from the Clark Family, one of the best longest running Property Management Companies.

WHAT YOU'LL LEARN FROM THIS EPISODE

• How has covid affects Property Management in general?
• What does a Property Manager do?
• Communication with owners: How should clients interact with property managers?
• What would the "perfect" owner be?
• How difficult is it for Property Managers to act as "middlemen" between the owners and the tenants?
• Creating long term relationships and proper communications with the people
• Explaining tenants the real estate expectations
• Getting contacted through emails vs via phone calls
• What are some realistic and unrealistic expectations they can have on their property managers?
• How to keep the property rented for a long period of time with a low vacancy rate?
• Some of the reasons why tenants are leaving?
• What's your best horror story as a property manager and how did you resolve it?

RESOURCES FROM THIS EPISODE

If you need help with anything in real estate, please email: [email protected]

CONNECT WITH US

• Reach Ron: RP Capital
• Leave podcast reviews and topic suggestions: iTunes
• Subscribe and get additional info: Get Real Estate Success

EPISODE SUMMARY:

Who doesn't love paying less in taxes? Sure most people do especially those in real estate investments!

Tune in to this episode and find out effective ways to reduce tax liabilities with Joe Viery, the Founder and President of US Tax Advisors Group Inc. By using legal, IRS compliant and proven tax planning structures combined with effective engineered based studies, he specializes in working with those who want to protect their assets and create wealth. His wisdom and knowledge would surely blow you away!

WHAT YOU'LL LEARN FROM THIS EPISODE

• What is "cost segregation"?
• How does cost segregation for single and multi families applicable to the average person who buys properties?
• What is "depreciation"?
• How to accelerate depreciation?
• Can cost segregation now be used in smaller properties?
• Legal techniques that IRS use
• Sample calculation on a property's depreciation
• Things that one needs to know if this is a good fit for them?
• Passive losses vs Active losses
• What is "depreciation recapture"?
• Short term vs. Long term capital gains
• Can you do depreciation recapture without cost segregation?
• How does 1031 exchange work?
• What is a "bonus depreciation" and how does it work?
• What are the parameters in being able to use that bonus depreciation of writing it all off?
• Can bonus depreciation be applied to all properties?

RESOURCES FROM THIS EPISODE

If you need help with anything in real estate, please email: [email protected]

CONNECT WITH US

• Reach Ron: RP Capital
• Leave podcast reviews and topic suggestions: iTunes
• Subscribe and get additional info: Get Real Estate Success

EPISODE SUMMARY:

Although it entails more upfront costs and higher maintenance, some real estate investors prefer commercial properties due to its higher earning potential compared to residential units.

If you are looking at buying commercial properties, tune in to this episode to find out the basic things to look for that are gonna make a massive amount of difference in the net operating income and value of the property.

WHAT YOU'LL LEARN FROM THIS EPISODE

• Residential houses vs. Commercial units
• What commercial lenders ask on these small apartment deals?
• Fraud ways and abuse
• Freddie Mac loan
• Residential vs. Commercial Performa
• Understanding what "RUBS" is
• Understanding comparable sales "cap rates"
• Few sample calculations property value with cap rates
• Getting rewarded for how well the property has been improved
• Understanding capital expenditures as value added to the properties
• What is a syndication?
• What is the "preferred return"?

RESOURCES FROM THIS EPISODE

If you need help with anything in real estate, please email: [email protected]

CONNECT WITH US

• Reach Ron: RP Capital
• Leave podcast reviews and topic suggestions: iTunes
• Subscribe and get additional info: Get Real Estate Success

EPISODE SUMMARY:

Have you heard about the nationwide eviction moratorium issued by CDC recently? It prevents landlords from evicting residential tenants during the ongoing pandemic.

This has become a controversy especially that nowhere does it authorize the CDC to impose such a law. As a result, the Landlords and homebuilders filed a lawsuit in federal court against the CDC in an effort to stop such memorandum.

Tune in to this episode and listen to what Ron and Heather have to say.

WHAT YOU'LL LEARN FROM THIS EPISODE

• What does the CDC stand for?
• What does housing have to do with the Disease Control?
• Difference between the "CARES ACT" and "CDC's Nationwide Eviction"
• Where does it mention that they have authority to do anything with respect to housing?
• Would people take advantage of this to omit them from paying their rent?
• Is this an injustice to the side of the landlord?
• Are there any political screams going on behind this issue?
• What could possibly happen if the moratorium is lifted?
• What are the probable risks that the landlords will experience in this scenario?

RESOURCES FROM THIS EPISODE

If you need help with anything in real estate, please email: [email protected]

CONNECT WITH US

• Reach Ron: RP Capital
• Leave podcast reviews and topic suggestions: iTunes
• Subscribe and get additional info: Get Real Estate Success

EPISODE SUMMARY:

Because the business world and the consumer minds are changing, some are going dramatic that anybody couldn't see that they are in the wrong direction. Yes, we can change the technological sides of things but not the moral things.

In this episode, learn more about the relevance of core values, most especially loyalty in today's time to bring in more clients that you want.

WHAT YOU'LL LEARN FROM THIS EPISODE

• What is business loyalty and how important is it?
• Attracting partners and business in the same way
• How to get clients' loyalty?
• Why is it important to maintain clients' loyalty?
• How does customer loyalty affect a business?
• Define the exact meaning of the word that you use
• Loyalty = favorable experiences

RESOURCES FROM THIS EPISODE

If you need help with anything in real estate, please email: [email protected]

CONNECT WITH US

• Reach Ron: RP Capital
• Leave podcast reviews and topic suggestions: iTunes
• Subscribe and get additional info: Get Real Estate Success

EPISODE SUMMARY:

Tune in to this episode as Heather Marchant interviews Rocky Clark of R&R Construction who do not just build new construction houses in Oklahoma City but owns a property management company too. He has also been in partnership with real estate professionals like RP Capital for several years already.

Find out more how Rocky Clark was able to manage successfully both his home building business and property management company.

WHAT YOU'LL LEARN FROM THIS EPISODE

• How Rocky Clark got into construction?
• How did Rocky get into owning a property management company?
• What made his property management company so successful?
• Get good leasing agents
• Treat people right
• How did Rocky get into a million dollar property?
• Difference between a builder working with an owner-occupied homes and a builder working in investment properties
• Why would a builder work with Investors?

RESOURCES FROM THIS EPISODE

• Website: R&R Homes
• If you need help with anything in real estate, please email: [email protected]

CONNECT WITH US

• Reach Ron: RP Capital
• Leave podcast reviews and topic suggestions: iTunes
• Subscribe and get additional info: Get Real Estate Success

As part of their month-long series, tune in to this episode as Ron and Heather engage in a Live Q & A via YouTube and Facebook channels to allow interaction with their listeners and viewers.

Click here watch the live replay!

WHAT YOU'LL LEARN FROM THIS EPISODE

• Better understanding on amortization schedule
• Which one is better to utilize your money: Cash out refinance or Home equity line of credit?
• Is it a big deal to buy properties remotely?
• How do you find the right people and property manager to work with?
• Who you do business with is very important
• Trust your guts / instinct
• How do you know the right price point for a property?
• Should you buy new properties or with less maintenance but higher upfront cost?
• Understanding risk reward ratio
• How to evaluate if it's a good deal?
• Owning in property in a tenant-friendly property vs. landlord-friendly state
• Tips in dealing with property managers: Fine line between being a pest and being informed
• Is there more maintenance or things to be aware of in colder weather climates?

RESOURCES FROM THIS EPISODE

If you need help with anything in real estate, please email: [email protected]

CONNECT WITH US

• Reach Ron: RP Capital
• Leave podcast reviews and topic suggestions: iTunes
• Subscribe and get additional info: Get Real Estate Success

EPISODE SUMMARY:

Have you ever thought on how to properly scale your real estate business? Do you want it to grow too fast or just at the right pace? Striking that delicate balance can be confusing and daunting, but with the right tools, steps and processes, you'll be able to help your business on where it needs to be with fewest growing pains possible.

Tune in to this episode to learn more on how to grow your real estate portfolio.

WHAT YOU'LL LEARN FROM THIS EPISODE

• Why some property owners stop their business
• Vision, Plan, Leverage, Systems, Actions
• Levering the tax law
• How you did you do these steps
• How can you move these steps quicker
• What happens if we are able to leverage, acquire more assets and upgrade those assets
• Cost segregation
• How to utilize the money we have to grow our assets
• Analyze your properties on an annual basis
• How to scale if you are not comfortable with a lot of debt
• Scaling is easier with a vision and a plan

RESOURCES FROM THIS EPISODE

If you need help with anything in real estate, please email: [email protected]

CONNECT WITH US

• Reach Ron: RP Capital
• Leave podcast reviews and topic suggestions: iTunes
• Subscribe and get additional info: Get Real Estate Success

EPISODE SUMMARY:

Do you already own a property and are thinking about preserving it and providing fantastic housing to prospective clients? Are you considering hiring a property manager?

If so, then tune it to this episode and you will learn more about property management and how trading works between property owners and property managers!

WHAT YOU'LL LEARN FROM THIS EPISODE

• What does a Property Manager do?
• Responsibilities of a Property Manager
• How is communication with a Property Management Company important?
• 50% of rental pool includes tenants who have pets
• Respond to Property Managers when they reach out
• Responsibilities of Management Companies and what to do if things go array?
• Is it important to give your personal phone numbers to clients?
• What to do if the property is not renting?
• Raise rents only when you can
• Long-term tenants are gold

RESOURCES FROM THIS EPISODE

If you need help with anything in real estate, please email: [email protected]

CONNECT WITH US

• Reach Ron: RP Capital
• Leave podcast reviews and topic suggestions: iTunes
• Subscribe and get additional info: Get Real Estate Success

EPISODE SUMMARY:

In order for you to be more profitable in real estate, you need to understand how the real market cycle works. Tune in to this episode so you will also be guided in making the right moves at the perfect timing!

WHAT YOU'LL LEARN FROM THIS EPISODE

• Understanding current economic factors
• Why real estate is on fire right now across the country
• Real Estate Cycle: continually goes up and down
• Should I buy now or wait?
• Appreciation vs Depreciation
• Sample scenarios on what would happen if you buy at the top and bottom of the market
• Housing starts
• Do not overbuild
• Market inflation due to supply and demand
• Supply and demand in the housing market

RESOURCES FROM THIS EPISODE

If you need help with anything in real estate, please email: [email protected]

CONNECT WITH US

• Reach Ron: RP Capital
• Leave podcast reviews and topic suggestions: iTunes
• Subscribe and get additional info: Get Real Estate Success