Rental Property Owner & Real Estate Investor Podcast

We're going to talk about some fun alternative asset classes today that will expand your thinking about what really constitutes rental property.

My guest today started his career in sports medicine and spent four summers with the Buffalo Bills as an athletic trainer. It didn't take him long to realize that he loved business and wanted to become an entrepreneur.

Jeff Gebhart started flipping single family rentals and then pivoted to buying commercial properties in West Michigan. His company FNG Properties currently owns roughly $3 Million in Michigan real estate and is a limited partner in over $25 Million in multifamily nationally.

And here's the fun part… Jeff is also an executive for Silver Lake Management Company, which operates four Craig's Cruisers, Silver Lake Chicken Shack, Jellystone Campground, Dunes Express Hotel, and the new Billy Bones Best Ever Wings in Grandville, Michigan. Jeff is also a partner in Locked 460 Escape Rooms and the bass player for the locally famous Rocket Fuel Haulers, the unofficial #2 best cover band in Michigan.

Jeff is going to discuss each business model and how it relates to real estate investing, along with the ethos of fun, due diligence and customer service he brings to each endeavor. You'll also learn how Jeff and his team realized they were in the restaurant business, even though they considered themselves to be in the 'fun' business. We'll also talk about choosing your customer, maximizing your efficiency, and why multifamily real estate and passive investing outperform most other assets.

This is a super fun conversation that I know you're going to enjoy. You can contact Jeff through email at [email protected]

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

Hello and welcome to episode #300! This is a big number for us here on the Rental Property Owner and Real Estate Investor Show, and I want to thank all of you for being such an incredible and receptive audience.

To celebrate, I thought we'd invite back two early guests, so we can check in with them to see how their investing has progressed over the years, and how joining professional organizations like the RPOA have catapulted their investing strategies into new and more lucrative asset classes.

When we first talked with Jeremy and Melanie Garcia on episode #125, they were just getting started through house-hacking, flipping, and rehabbing in Muskegon, Michigan. That was three years ago, and they now have bought and sold over 65 properties, quit their full-time jobs, and entered into the Airbnb space.

Today we're going to discuss the lessons they've learned in scaling their flipping business, why they've only worked with hard-money lenders, the aggressive paydown strategies they have to achieve passive cashflow, wraparound mortgages and reverse-engineering their business to achieve the lifestyle they dream of.

We'll also discuss the multifamily property they recently acquired and the number one thing they did to boost net operating income, as well as their Airbnb strategy and how they differentiate their properties from other short-term rentals.

I know you're going to enjoy this conversation with Jeremy and Melanie, and gain some tips on how to accelerate your investing business. You can find out more about them through their website: www.staymuskegon.com and find out more about the Short Term Rental Association at: https://www.shorttermrentalassoc.com

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

Today we're going to talk about one of my favorite topics – demographics. Specifically, how Generation Z is going to amplify the trends that millennials have already established, such as delaying marriage and living with their friends into their 30's.

It pays to understand these trends and the disruption they create in the traditional rental housing market. Concepts such as Shared Housing and Coliving are being monetized by savvy investors who see this as a lasting and lucrative trend.

My guest today is one of those investors. Johnny Wolff has roots in Silicon Valley and is the CEO and Founder of HomeRoom Coliving, which is one of the fastest growing coliving companies in the United States.

Today Johnny is going to compare and contrast the Millenial and Gen Z demographics and explain the minimum and maximum technology and services they expect to encounter when renting. Johnny will share the app he uses to create 3D tours, floor plans and dimensions of his properties, and the way he conducts his virtual tours and video interviews.

We'll also talk about the type of property that works well for coliving, and how Johnny maximizes the space by adding bedrooms in order to increase rent income per square foot.

If you're looking for ways to add upside value to the traditional rental housing model, then you definitely want to hear how Johnny is increasing net income by over 30%. You can find out more about Johnny and HomeRoom Coliving through email: [email protected] or website: https://livehomeroom.com

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

My guest today is a successful entrepreneur and real estate investor who hosts the excellent podcast called "Street Smart Success".

Roger Becker is also a great guy and is not afraid to share the ups & downs of the deals he's done, which include single family, commercial properties, and a rent-controlled multifamily in San Francisco.

Today Roger goes where very few investors care to travel --- he'll be sharing some of the more painful investments he made and the lessons he learned from them. He'll discuss the duplex he house hacked and how he was barely able to pay the mortgage each month. We'll also talk about the 100% loss he experienced on a commercial office and retail property when he partnered with someone that seemed to know what they were doing but didn't.

Roger will also go into detail on the 5-unit Rent Controlled Multifamily he acquired in San Francisco, and why he had to sell it when he realized that the tenants would never move out and allow him to increase rents to market rate. We'll also discuss the difficult decision he faced to condo-ize the building, and how the next investor he sold it to did just that and faced the wrath of the neighbors, city, and media.

I know you're going to enjoy listening to Roger's stories and learning from his sometimes painful experiences. You can contract Roger through email: [email protected]

And be sure to check out his excellent podcast "Street Smart Success".

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

Across the United States, Security Deposits tie up over $45 Billion dollars a year in non-interest-bearing accounts, and neither the landlord or the renter benefits from these funds while they're just sitting there. The security deposit is meant to protect the landlord from any damages caused by the renter, but often when it comes to serious damage the landlord will have to take the tenant to court to get paid and often does not recoup the time, money and effort that this process requires.

There is an alternative to security deposits that some states are just beginning to recognize as legal. The concept of Security Deposit Insurance has been gaining momentum over the past several years, and my guest today is going to explain how it works to the landlord and renter's benefit.

Paraag Sarva is the co-founder of Rhino, the leading security deposit insurance provider in the U.S. and he's spent 10 years as a landlord in the New York metro area with over 250 units.

Today we're going to discuss the disruptive nature of Security Deposit Insurance, how it works, the costs and benefits, and whether or not you or your property manager can provide this at your properties.

You can contact Paraag and find out more about Rhino Security Deposit Insurance by going to https://www.sayrhino.com

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

In order to understand how to structure an investment opportunity for your potential investors, you need to be clear on how the cash flow and profit will be distributed. This is called a Waterfall, and there always seems to be quite a bit of confusion as to what that actually means and how to convey it.

My friend Paul Moore recently wrote an in-depth article on Commercial Real Estate Waterfalls and I immediately contacted him to see if he'd share this valuable information with our listeners.

You may have heard Paul previously on this show talking about both apartment investing and self-storage. He is the Founder and Managing Partner of Wellings Capital and has completed over 85 real estate investments and exits.

Today Paul discusses the meaning of Preferred Return, Cash-On-Cash Return, Cumulative Return, and Internal Rate of Return v.s. Annualized Return. We discuss different deal structures and whether or not the sponsor/General Partner should receive a 'Catch-up'. These are all terms you need to understand and carefully consider when structuring your deals, and they can make a big difference in the profit you and your investors receive.

Paul shares a lot of wisdom in this episode and you'll definitely benefit from understanding these terms no matter what type of investor you happen to be. You can find out more about Paul and access his report on waterfalls through his website: https://www.wellingscapital.com

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

My guest today believes that the Best Time to Buy Real Estate was 20 Years ago, but the next best time is NOW.

Joe DiSanto built a multi-million-dollar post-production company, produced critically acclaimed films and Emmy-winning TV show, all while investing millions of dollars in real estate. Joe semi-retired at the age of 43, and now he's sharing his lifetime of fiscal know-how through his company Play Louder, which helps people increase their net worth and strategize their plan for the future.

Today Joe shares the process he went through to acquire and build out two separate commercial office conversion projects for his company's use. He utilized an SBA loan that he acquired through Lehman Brothers just before they collapsed at the start of the Great Recession. He also talks about the General Contractor challenges he had on his second property and the huge cost overruns that he had to mitigate himself.

Along the way we'll discuss hydraulic car stackers that helped him add 4,500 sq. ft. to his office space, the two Emmy's he won, and the HBO documentary series he produced with Dave Grohl from Nirvana and the Foo Fighters.

Joe DiSanto is a fractional CFO and consultant to small businesses and high-income individuals. He also founded the blog Play Louder, which serves as an invaluable resource to help individuals and business owners increase their net worth and plan better for their future. https://www.linkedin.com/in/josephdisanto/ https://www.facebook.com/playlouderblog/ https://www.youtube.com/c/PlayLouder Check out some of Play Louder's most popular content… The Financial Planning Process: Your Route to Financial Independence! How to Incorporate Yourself to Save Money (and Protect Your Assets) How to Make Your Money Work for You: 7 Modern Methods for Investing in "The Market" Top 5 Personal Bookkeeping Software Options: Personal Capital vs Mint vs Quicken vs Money Dance vs Countabout Fundrise vs DiversyFund vs CrowdStreet: The Best Sites for Crowdfunded Real Estate Investing Acorns vs Robinhood vs Webull vs M1 Finance: Which One is the Best? Play Louder's free courses… Get a grip on your finances with Personal Budgeting Basics! Learn how to Incorporate Your Business to protect your assets and save money! Analyze your Real Estate Investments like a pro!

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

One of the most lucrative ways to invest in real estate is to find an underperforming, tired multifamily property and bring it back to life through better management, renovations, and capital improvements. I've done this myself many times and have added exponential value to the property and investment.

My guest today is going to share with us the five most important steps you must follow when renovating a multifamily apartment property. He's also going to tell you what to look for in an investment sponsor if you'd prefer to invest passively in these types of opportunities.

Ken Gee is the founder and managing partner of KRI Partners and the KRI group of companies. He has over 24 years of real estate, banking, private equity transaction, and principal investing experience. He's also been involved with transactions valued at over $2 Billion dollars.

Today Ken's going to take us through the five most important steps his team takes when acquiring and improving a multifamily apartment project, the importance of understanding the market you're investing in, the amenities he likes to add, and why you should wait at least 30 days before beginning any improvements.

We'll also discuss the three things you should look for in a sponsor you might invest with passively, including their track record and the way they prioritize their investors.

Ken shares a lot of valuable information and experience in today's conversation. You can find out more about Ken by reading his free ebook at https://www.kripartners.com/ebook/ or email at [email protected]

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

If you're in the business of syndication and raising money from high-net worth investors, it's good to know where to find your ideal investor. One of the worst-kept secrets is that doctors and dentists fall into this category, and you need to know how best to approach them with your opportunities.

My guest today is a Neurosurgeon out of Houston, Texas who just released a book called "Prescribing Real Estate: A Doctor's Guide to Commercial Real Estate"

Masaki Oishi is a Medical Doctor, and Ph.D and the founder of MarketSpace Capital who specializes in introducing medical professionals to the commercial real estate investment world.

Today, Masaki is going to help us understand the mindset of a busy medical professional and how he applies transparency and data to get them excited about his opportunities. We'll also discuss the types of commercial assets he acquires and the typical returns he targets.

You can contact Masaki through www.marketspacecapital.com or social media.

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

Is the United States the best place to invest in Real Estate? What if you want to find opportunities in other countries? Is that even possible?

What about investors from other countries who want to invest in the United States? What are their options?

My guest today helps her clients overcome obstacles and navigate businesses and investments across borders so that they can invest, live, work and play – anywhere.

Lauren Cohen is also a serial entrepreneur, International Lawyer, Realtor, and Cross-Border Expert. Today she's going to illuminate the process and considerations you must be aware of when investing across borders. We'll discuss some of the popular countries where many of her clients are investing, and the tax and entity considerations international investors should familiarize themselves with. Lauren makes it clear that it is worth investing in an attorney, CPA, and advisors who can help you make the right decisions that won't come back to haunt you later on.

You can find out more about Lauren through her podcast "Investing Across Borders" and contact her through email: [email protected].

And here is the code & link to her free e-book "Real Estate Investing Across Borders:

http://bit.ly/REAcrossBorders

Coupon code: REI4FREE

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com