Mike Reilly and Mike Ferrante discuss new developments with the coronavirus, impacts of the virus on the real estate market and general thoughts on the government's response and citizen's response.

• 0:00- Shelter in place and covid update
• 6:40- What causes covid fear?
• 7:30- A’marri’s take on covid
• 8:17- Back to Mike Reilly 
• 11:10- Real estate market
• 11:27- Mike Ferrante and the pandemic
• 12:50- Other Mike and the pandemic
• 13:36- Mike Ferrante and the real estate market
• 17:27- The new way of doing things
• 22:16- Back to real estate/new generations
• 26:45- How people are going to buy real estate
• 30:00- Florida and covid
• 31:00- Spring market
• 34:50- Governor response
• 35:37- Shoutout frontline hospital workers

Mike Reilly, Mike Ferrante and Lindsey Reilly have a very socially distanced podcast. Excuse the audio as we recorded both Mikes on a conference call. The group discusses effects of the coronavirus on the rental market, effects on the buying and selling market and general thoughts on whats to come as far as social and economic developments going forward.

Mike Reilly is joined by investor and client, Geraldo M, and they walk through the process of him buying a property in Cleveland and transforming it into a short term rental.
2:35 Gerardo talks about what prompted him to invest in Cleveland
4:36 Mike talks about how Gerardo started a short-term rental property 
9:40 Gerardo talks about the gross revenue he made from short-term rentals 
14:14 Mike and Gerardo discuss how investing in short-term rentals can be profitable

On this episode, Mike Reilly and Mike Ferrante discuss a variety of topics ranging from the sexiness of real estate, to should you do rent to own as a property owner, to the importance of doing your homework on the neighborhood your investing in.
2:31 Mike Reilly and Mike Ferrante talk about rent to own and importance of property inspections
4:48 Mike Reilly talks about the property managers
6:46 Mike Reilly talks about the illusion of owning a property
8:08 Mike Ferrante talks about the importance of having all the pieces to make investments work not just having a house
13:08 Mike Reilly and Mike Ferrante discuss what is the best way to buy property
18:48 Mike Reilly talks about the importance of doing your homework before investing in a property

Mike and Maureen talk about the new levy being imposed on Cleveland Heights and University Heights property owners.

Mike Reilly, owner of Reilly Properties and Mike Ferrante, real estate agent at Century 21 talk about when is the best time of year to put your house on the market.

1:15 Mike Reilly and Mike Ferrante discuss whether selling a house in winter is a good idea.
8:45 Mike Reilly discusses whether you can paint a house in January and February, and his surprising answer is, yes.
14:32 Mike Ferrante discusses the purpose of home inspections.

Mike talks with marketing director Lindsey Reilly about how to market the rental after furnishing it.
7:05 Mike discusses the infrastructure needed to manage Airbnb short term rentals
12:39 Lindsey talks about Airbnb website
14:28 Lindsey and Mike discuss marketing their property
18:41 Lindsey considers Airbnb to be one of the best places to advertise their homes
20:58 Mike talks about the things to consider when you want to do Airbnb

Mike talks w/ Travis Reilly about how to furnish a home.
1:51 Mike and Travis discuss about the process of furnishing the house, starting with the work order
4:21 Mike and Travis talk about budget for a house and where to find quality items at a great price
12:25 Mike speaks about what is fascinating about Airbnb
18:47 Mike discusses about cleaning the house when someone's coming in the next day
22:44 Mike talks about Airbnb as a vehicle for short term rentals

Mike hops on a call w/ Mike Ferrante to talk about the key players needed in the real estate business.
2:02 Mike Reilly and Mike Ferrante start the discussion of how to assemble the team when investing in real estate. Who are the key players?
3:01 Mike Ferrante talks about contractors, real estate professionals and title company
5:17 Mike Reilly and Mike Ferrante elaborates about having an accountants and lawyers as part of the team
8:15 Mike Ferrante discusses about title company
14:08 Mike Reilly and Mike Ferrante talk about contractor as part of the team, also discuss the consequences of having a cheap contractor.
23:26 Mike Reilly mentions the contractor is like the violin section of an orchestra  

Mike is joined by Reilly Painting and Contracting foreman, Brook Reilly and they discuss the renovation process before and after buying a new property.
2:51 Mike talks about the first thing to do when deciding on Airbnb property
5:01 Mike and Brook Reilly discuss details of how to renovate a house
7:28 Mike talks about organizing and scripting your day out
12:09 Brook Reilly defines flipping. 
18:04 Mike talks what is the expectation of the people that are going to Airbnb
20:43 Mike and Brook Reilly discuss about fixing the house