Rental Property Owner & Real Estate Investor Podcast

Hiring Contractors, handling Maintenance issues and dealing with City Inspections are a reality of owning residential rental property. The level of efficiency and quality employed in handling these issues can either add huge value or create huge problems for your investment properties. It can be helpful to understand the best practices employed by the professionals in our industry to make sure we're following the rules and not wasting money.

That's why today's conversation is a must listen for anyone who owns or is thinking of owning Rental Property. We are going to break down the process of taking proper care of your investment property. We're going to discuss the logistics of scheduling repairs with your tenants, managing expectations of owners and residents, finding and hiring the best vendors and contractors, and handling city inspections.

Having this conversation with me today are two experts in their field: Amanda Szabo is a general manager at LeaseGR, a West Michigan Property Management Company that has been in business for over 15 years. Tom Harrold is the manager of Rental Property Maintenance (RPM), a West Michigan company that handles maintenance, repairs, and rehabs for landlords and property managers in the Grand Rapids area.

This is a great nuts & bolts episode for understanding the best ways to take care of your rental property investments. You can reach Amanda and Tom in the following ways:

Amanda Szabo, General Manager at LeaseGR

www.leasegr.com

[email protected]

616-257-3997

Tom Harrold, Manager @ Rental Property Maintenance (RPM)

https://rpm616.com/contact/

[email protected]

Joseph Gozlan is a Multifamily Investment Specialist with a portfolio of over 500 units in strong secondary markets in Texas. He's also a former lieutenant in the Israeli Defense Force and has over 17 years of leadership experiences in the software industry, which helped him sharpen his business and analytical skills as well as his "big picture" perspective.

Joseph is also a fascinating guy with a lot of great real estate wisdom to share. In today's conversation Joseph takes us through his thought process comparing multifamily investing to other types of investing, and how this helped him go from zero to 500 units in less than three years.

We also discuss the massive generational shift in demographics that is having an enormous impact on rental housing, Joseph's three rules of investing that will see him through good and bad economic cycles, and how he's in the process of changing out his management team.

Joseph also makes it clear that Multifamily investing is not as easy as some might say. It takes a lot of work and perseverance, and Joseph discusses the many challenges that he's had to face.

I know you're going to enjoy this highly enlightening conversation. Joseph is also a broker and uses his 360 degree perspective of multifamily investing and ownership to help his buyers and sellers. You can learn more about Joseph through his brokerage website and his acquisition website:

www.ebgtexas.com

www.ebgtx.com

Last year we saw the passage of the Trump Administration's Tax Cuts and Jobs Act which created opportunities for investors and small business owners to lower the amount of taxes owed. However, there were still some outstanding questions that needed to be answered.

Luckily we have Duane Culver back on the show today to shed some light on those lingering questions and how they apply to your 2018 tax preparation. Duane is a CPA and President of Culver CPA Group. Today he'll give us the low-down on the following topics:

Qualified Business Income Deduction (QBID) and how it relates to your rental income.

Do you still have to pay the Affordable Care Act Health Insurance Penalty?

Reminder on the larger Standard Deduction you're able to take.

Change in how you can deduct charitable contributions.

What you need to know about Opportunity Zones.

If you're about to sit down & do your own taxes, or you have a professional prepare them, it pays to learn as much as possible about tax rules & how they apply to real estate investing. The more you understand, the more you'll be able to use tax law to your advantage, avoid mistakes, and prevent IRS audits. You can also go back and listen to last years tax conversation with Duane, Ep#112, where we discuss the Tax Cuts and Jobs Act in more detail.

Duane can be contacted by email, his website, or phone:

[email protected]

www.culvercpagroup.com

616-456-6464

Enjoy the show, and please take a moment to go to itunes to subscribe, rate & review.

My guest today started investing in Real Estate by buying and selling over 100 single family homes before transitioning into multifamily. Within 3 years he went from owning zero to 300 units across the country!

Sterling White is an investor and business owner on a mission to make the world a better place through principled and efficient real estate investment. He's also helped other investors raise money for their deals and attract private money through a software platform he co-developed called "Syndication Pro".

Today Sterling and I discuss how he was able to grow his portfolio so quickly, and the differences he sees between fixing & flipping and owning multifamily. Sterling also has some great stories on the methods he uses to build rapport with sellers and investors, and how a 'thank-you' card helped him beat out multiple higher offers.

Sterling will also share why he avoids brokers and prefers to find off-market deals. We'll also talk about syndication and why he helped design and build an on-line investor portal to make the process more efficient and profitable.

Sterling shares a lot of great knowledge in this conversation that will be helpful to anyone looking to find off-market deals or raise money from investors. You can contact Sterling through email or his website:

[email protected]

https://www.syndicationpro.com

In this quick update, Jeremy Cole and I share an important announcement about two events you don't want to miss:

First off, today (Thursday, February 21, 2019) is the first day of the RPOA's Annual FREE Conference & Expo, and there will be a special Q&A session tonight at 6pm with the stars of HGTV/DIY's hit show 'Gritty to Pretty'. Arrive early for the 5:30 happy hour and chance to meet Jeremy and Ramon Huerta live!

You will also have the opportunity to watch their show this Saturday, February 23rd at 8pm when it airs on the DIY Network. Your action item for the day is to set your DVR to record, or watch it live, because the more people who check out this episode, the better the show's chance of getting to the next level at HGTV.

For more information about the conference, and to register for FREE, go to www.rpoaonline.org

We'll see you there!

Sue Nelson has constructed almost every type of creative real estate deal: commercial short sales, loan modifications, options, master leases, JV agreements, and note buys. You name it, she's done it! That's why I actually joined Sue's coaching group several years back - I knew that I could learn from her experiences to help get me to the next level as a real estate investor.

And today Sue is going to talk about the different ways she's invested in Multi-Family and Apartment Real Estate. We'll discuss how she structures her deals with sellers and investors, how she knows whether or not she's investing in a good area, what you must remember when working with a broker, and what it takes to become a transaction engineer.

Sue will also be one of our featured speakers at the RPOA's Annual Michigan Landlord & Real Estate Investor FREE Conference & Expo which is happening in Grand Rapids, Michigan from February 21 through 23, 2019. This is the largest Landlord & Real Estate Investor Conference in the Midwest, and you can register for free at:

https://rpoaonline.org/training-events-annual-conference-expo/

Sue will be speaking on Friday and Saturday about investing in Commercial and Multi-Family with REO's and Notes. I can tell you from personal experience that you do not want to miss this incredible opportunity to learn from Sue. She is a master of the creative real estate deal!

You've heard us talk about it, and you've listened to the episodes with our featured speakers from all over the country. Now its time for you to make the commitment to be there at the "Michigan Landlord & Real Estate Investor FREE Conference & Expo of 2019", happening February 21, 22, & 23 right here in Grand Rapids, Michigan.

In this special episode, Clay Powell and I discuss all of the fantastic featured speakers, breakout sessions, and opportunities for networking with other like-minded investors and vendors. This is an event you don't want to miss!

Go to rpoaonline.org to register for FREE, and we'll look forward to seeing you there!

37 years ago, Jeffrey Taylor and his wife became accidental landlords. But they had no way of knowing that long ago, that the mistakes they were making and the challenges they were facing, would someday go on to inspire tens-of-thousands of real estate investors and landlords across the country.

Today you will find out how Jeffrey Taylor transitioned from being a full-time school teacher into Mr. Landlord, a highly sought-after speaker, trainer and author who has spent the past 34 years teaching landlords how to treat rental property as a business, increase their cash flow, and reduce their headaches along the way.

Jeffrey & I recorded this conversation in 2017 and it originally was released as Episode #57. You'll definitely want to listen to it again, because it includes his non-traditional ideas on how to increase your tenant's satisfaction and create more freedom for you as a rental property owner. Plus, Jeffrey's ideas will make you more money in rental income.

Jeffrey will also be one of our featured speakers at the RPOA's Annual Michigan Landlord & Real Estate Investor FREE Conference & Expo which is happening in Grand Rapids, Michigan from February 21 through 23, 2019. This is the largest Landlord & Real Estate Investor Conference in the Midwest, and you can register for free at:

https://rpoaonline.org/training-events-annual-conference-expo/

"Mr. Landlord" is one of our most requested, popular, and entertaining featured speakers of all time, and you'll definitely want to listen to this episode and come learn from him live.

Enjoy!

Short-Term & Vacation Rentals like Airbnb are getting a lot of interest from investors because of their potential for exponentially increasing your income.

My guest today, Beth Carson, helps investors and vacation rental owners make as much money as possible out of their investment. Beth has been in the hospitality industry for 18 years working with mini-resorts and high-end homes, and has helped investors go from losing millions a year to being profitable in one month.

Beth is a well-known expert on the subject of of Short-Term & Vacation Rentals, and she will also be one of our featured speakers at the RPOA's Annual Michigan Landlord & Real Estate Investor FREE Conference & Expo which is happening in Grand Rapids, Michigan from February 21 through 23, 2019. This is the largest Landlord & Real Estate Investor Conference in the Midwest, and you can register for free at:

https://rpoaonline.org/training-events-annual-conference-expo/

I know you're going to enjoy today's episode. Short-Term & Vacation Rentals couldn't be a hotter topic right now, and Beth has a lot of great insight into how you can profit in this type of investment.

Enjoy!

Today we're going to talk about a real estate asset-class that I love. It's one where you have renters, but they don't live in the property. You quite often don't have to worry about heat or water, and when someone moves out you can sweep their unit clean and move someone else in the very same day.

I'm talking about Self-Storage investing, and my guest today, Scott Meyers, is going to show us how this can be a great way to create massive cash flow without all of the downside associated with residential rental units.

Scott is a well-known expert on the subject of Self-Storage investing, and he will also be one of our featured speakers at the RPOA's Annual Michigan Landlord & Real Estate Investor FREE Conference & Expo which is happening in Grand Rapids, Michigan from February 21 through 23, 2019. This is the largest Landlord & Real Estate Investor Conference in the Midwest, and you can register for free at:

https://rpoaonline.org/training-events-annual-conference-expo/

This is a great episode for you to get more familiar with an investing strategy that can be very profitable. Even if you're already investing in Self-Storage I know you'll get a lot of great information from this conversation that will take you to the next level.

Enjoy!