The BRRR method stands for Buy, Rehab, Rent, Refinance. This is a strategy that many real estate investors use and personally, it is one that we’ve found very effective in growing a real estate portfolio too. 

Watch this video to learn more about BRRR, how it works, and how it can help you grow your portfolio without breaking the bank!

Key Talking Points of the Episode

00:00 Introduction

01:56 What is the BRRR method? 

04:11 How does the reputation of a building impact your business?

06:01 What is it like to do a BRRR on an existing apartment building?

07:07 What kind of loans would we typically do for a BRRR deal?

09:04 What are the benefits of doing a BRRR deal?

10:25 How can you grow your portfolio using the BRRR method?

12:04 What can you do with the money from refinancing your properties?

Insurance claims are a great way to negotiate property prices with homeowners. They help create a win-win situation for you and your seller, so you need to make sure you’re familiar with the process and you’re educating the homeowner about the situation.

Watch this video to learn more about insurance claims, how to handle them if you’re unfamiliar with the process, and how all parties involved can benefit from them! 

Key Talking Points of the Episode

00:00 Introduction

02:13 What are the most common insurance claims we encounter? 

04:02 How do both parties benefit from filing insurance claims? 

05:27 What does the insurance claim process look like? 

06:34 Why do you need to work with an experienced contractor for your claim?

08:00 How long would a typical insurance claim process take?

09:03 Why is it important to educate homeowners on the benefits of insurance claims?

10:57 How did insurance claims help us build the value of a whole portfolio?

13:05 What can you do with the money from the insurance claim?

15:33 Why is it important to include insurance claims when evaluating deals?

Finding good tenants is a critical component of the success of your rental properties. Good tenants are easier to deal with, they take care of your property, and they typically stay long-term, and that helps avoid frequent turnovers that would burn your cash flow away.

Watch now to learn more about the importance of having good tenants in your rental properties and how you can make sure you find good ones!

Key Talking Points of the Episode

00:00 Introduction

02:25 Why is it important to find good tenants?

04:26 How could a lot of turnover affect the profitability of your rental properties?

06:20 What do we do to keep tenants in our properties as long as we can?

07:39 Where are we getting most of our tenants today?

08:19 What are the basics we look for in potential tenants?

10:48 What does our application process look like?

12:20 Why do we do everything for our rentals online?

16:26 How do we handle payments from our tenants?

19:00 Why is it important to verify landlord and employer references for tenants?

21:33 How does security deposit insurance help protect you as a landlord?

23:44 Why are we requiring all tenant applicants to apply for security deposit insurance?

As a real estate investor, you will be working with a lot of vendors, service providers, and contractors, and that means you will be managing them as they work on your properties too. Doing that can be tough but if you know how to find reliable contractors and manage them well, you shouldn’t have any problems.

Watch this video to learn more about construction, how to find reliable contractors, and how you can better manage them when you have a new construction or renovation going on!

Key Talking Points of the Episode

00:00 Introduction

01:53 How did Devin get into the construction business?

04:13 What does Devin like the most about being in construction?

05:19 How much has Devin’s construction business grown since he started?06:23 What kind of work was done on the project Devin did for us?

09:32 What was one of the biggest challenges in the project Devin had with us?

11:29 What does Devin look for in the people he works with?

13:43 What is Devin’s advice for people looking to get into general contracting?

15:40 How can people find reliable contractors like Devin?

17:35 Why is it important to keep an eye on your contractors?

18:23 What is Devin’s biggest success as a contractor?

19:31 What is Devin’s biggest failure as a contractor?

23:21 What are Devin’s goals for his business?

Over the last few years, short-term rentals have shown a significant growth all over the world. With more people choosing short-term rentals from platforms like Airbnb and VRBO over expensive hotel accommodations, many investors like Adam have been getting into the business, generating massive profits from their properties.

Listen now to learn more about short-term rentals, what Adam’s experience has been, and what it really is like to own and operate one!

Key Talking Points of the Episode

00:00 Introduction

01:55 What got Adam into short-term rentals?

02:30 How did Adam acquire his first Airbnb property?

03:50 What did Adam like most about this property in San Diego?

04:40 How did Adam get the idea of using his other property for short-term rental?

05:35 What is the difference in the income from long-term and short-term rentals?

07:00 What is it actually like to self-manage a short-term rental?

08:01 Why did Adam choose to self-manage this short-term rental?

09:23 How can having the right cleaners help make self-management easier?

10:10 Why is it important to make a good first impression with short-term rentals?

11:33 What was Adam’s first complaint from the short-term rental like?

13:55 What is the best way to deal with bad tenants and negative reviews?

14:53 How do you determine the pricing for your short-term rental?

17:17 Why is it more ideal to use dynamic pricing tools?

18:28 How can using the right software help make self-management more efficient?

20:55 What is it like to manage reviews for your short-term rental?

23:16 How are local regulations and policies affecting short-term rentals?

25:27 Why is it important to have multiple exit strategies for short-term rentals too?

As investors, we need to make sure we’re working with the right kind of banks for our investments. We’ve experienced working with different kinds of banks through the years and the one that stands out the most are local banks because of their flexibility and efficiency, and that’s what we’re talking about today. 

Watch now to learn more about working with local banks, how they’re different from bigger banks, and which ones we choose to work with!

Key Talking Points of the Episode

00:00 Introduction

03:18 What kind of banks do we have experience working with? 

05:20 What is the difference between borrowing for investment and for primary residence?

07:01 What is it like to work with bigger banks for investments?

08:15 Why is your personal financial statement important when you’re working with local banks?

09:02 What kind of bank is more convenient to work with?

11:01 How do relationships impact the loans you’re getting from local banks?

13:03 What options do you have for funding when you work with local banks?

16:00 Why are local banks a good funding option for investors?

17:16 Why is customer service better with local banks?

20:06 What inconveniences come with working with bigger banks?

23:31 How do local banks support investors more than bigger banks?

25:14 How can local banks help you build your investment portfolio?

27:12 Why is it better to work with local banks than bigger banks?

The Silicon Valley Bank collapsed and at this point, we’re all asking the same questions – what led to the collapse? How is this affecting the economy? What can we do to protect our assets? In this episode, we’re going to talk about what we know and what we can do to protect ourselves in case other banks are in the same position. 

Watch this video to learn more about the Silicon Valley Bank collapse, what led to the event, and how you can plan for your finances so you can stay protected! 

Key Talking Points of the Episode

00:00 Introduction

03:03 How significant is the Silicon Valley Bank collapse to the economy?07:25 What event ultimately started this collapse?

11:51 Why are we only hearing about this collapse today?

15:05 How did the fear of the people contribute to the collapse?

16:20 What plan does the fed have in place for the depositors who were affected?

19:11 What are we realizing because of the Silicon Valley Bank collapse?

23:48 What would be good potential solutions for these problems?

27:00 How did the fed’s actions over the last few years contribute to this collapse?

30:00 What potential opportunities could come from this collapse?

As a new investor, finding deals can be more challenging if you don’t know where to look for them. Many people are quick to run to the MLS to start their search but the deals that would make sense to invest in aren’t there, they’re found off the market, in many different ways. 

Watch this video to learn where to find good deals and how you can start looking for them the way we do! 

Key Talking Points of the Episode

00:00 Introduction

04:52 What is it like to look for deals on the MLS?

07:13 Why is it better to find deals directly from sellers?

08:06 What channels work best in finding sellers directly?

10:11 Which dialers work best for cold calling in real estate?

13:07 How can you find lists to cold call?

16:17 How can driving for dollars help you find great deals?

19:39 How can you find good deals from the relationships you’re making?

23:16 How can you start building relationships with other real estate professionals?

25:12 Why should you consider building relationships with wholesalers too? 

26:30 What is the importance of follow up in the real estate world?

Self-managing your rentals can be challenging, especially when you think of the horrors that come with tenants, toilets, and trash. If you want to effectively manage your own rentals, you’re going to need the right systems in place and the right team by your side to help you. 

Listen to learn more about self-managing your rental properties and why you should consider doing it! 

Key Talking Points of the Episode

00:00 Introduction

03:45 Why did Mark start self-managing his properties?

06:13 What moment made Mark finally decide to self-manage?

08:01 What are the benefits of self-management?

09:30 What barriers of property management did Mark overcome in the beginning?

12:15 How does technology help make self-management efficient and convenient?

15:15 Why is it important to have a personal relationship with your tenants?

18:16 How did our relationship with our tenants help us through COVID-19?

21:23 What is it like to self-manage rental properties from afar?

22:58 What should you keep in mind when deciding whether to self-manage or not?

Property management is one of the biggest challenges in real estate investing. You can choose to self-manage which will require a lot of your time and attention, or you could hand the responsibility over to a third party management company who will take care of everything and help make your investment a little more passive. 

Watch this video to learn more about the differences between self-managing your properties and working with third party management, when to delegate property management, and how to find the right third party management company! 

Key Talking Points of the Episode

00:00 Introduction

03:15 What is third party management?

04:35 What is the number one challenge with third party management?

06:51 How does third party management make your rental turnkey?

08:33 How can third party management help with out-of-state investing?

09:36 What should you ask when looking for third party management to work with?

11:00 Why is it important to know what type of properties they manage?

12:13 How does your third party management impact tenant turnover?

13:06 How can third party management help keep your property clean?

14:48 What does the fee structure for third party management companies look like?

16:23 What should you look out for when working with third party management?

18:17 What horror stories do we have with third party management?

23:10 How did we use what we experienced to do business better?

24:05 What did we learn from working with different third party management companies?