The Same Day Podcast

Lior Abramovich is the Co-founder and CEO of Blanket, which offers a retention platform to help property managers keep their doors under management to grow their businesses. With over a decade of experience in the single-family rental market, he has facilitated over $150 million worth of acquisitions for over 1,000 individual investors. Lior also co-founded Golden, a nonprofit organization renovating homes for senior citizens. Before Blanket, he served as the Executive Officer of the Israeli Naval Academy and a Chief Engineer in the Israeli Navy.

Historically, property managers have experienced a 30% churn rate on their managed rentals. This can originate from misaligned interests between property owners and managers. For instance, property owners often view management services as a cash-eating expense, and managers may lack an understanding of homeowners' objectives. How can you reduce the gap between owners and managers to foster a mutually beneficial relationship?

As a property management growth facilitator, Lior Abramovich maintains that these real estate professionals should act as asset managers and trusted advisors to homeowners. Landlords invest in properties to build a stable financial future, so managers must collaborate with them to ascertain this goal and provide profitable rental and investment options. This may involve offering valuable solutions to specific problems, allowing the owner to take complete control of their investment journey. With real estate software platforms like Blanket, property owners can have full visibility into their profitability and the level of management services, creating an investor relationship between the two parties.

In this episode of The Same Day Podcast, Lior Abramovich, the Co-founder and CEO of Blanket, joins Mat Zalk to discuss the relationship between property managers and owners. Lior explains how Blanket helps managers and owners build their portfolios, the platform's multifaceted features, and how to retain clients and properties by delivering value.

Alex Abbott works in Alliances and Acquisitions at LionsGate Capital Partners, which helps people achieve financial freedom by investing in commercial real estate. He is also the Principal of Abbott Ventures LLC. With nearly 10 years of experience as a real estate investor, Alex has comprehensive knowledge of diverse property and deal types. His real estate ventures include condos, single-family residential units, duplexes, flip projects for buying holds, and industrial and hospitality properties.

Professionals from diverse backgrounds and industries invest in real estate passively to build incremental wealth. Transitioning to a full-time career in real estate requires a sense of entrepreneurial determination to source profitable deals and test various methods. With nearly every deal and property type in his portfolio, today's guest is a testament to anyone wanting to get their foot in the door of this industry.

As a software engineer turned real estate investment entrepreneur, Alex Abbott entered the space by purchasing a risky collection of duplexes. After working with contractors, appraisers, property managers, and lenders, Alex discovered the property lacked the appropriate permits and insurance coverages, leading to litigation and arbitration. With this lesson, he bought, refurbished, and sold single-family, multi-family, and commercial real estate using deal structures like general and limited partnerships and accelerated depreciation. By repositioning real estate assets in the market, you can maximize ROI and earn a sustainable income.

In this episode of The Same Day Podcast, Mat Zalk invites Alex Abbott, an Alliance and Acquisitions Specialist at LionsGate Capital Partners, to speak about his multifaceted real estate journey. Alex explains how to navigate investment litigations, tax-saving strategies for real estate assets, and his first investment partnership with Mat Zalk's team.

Barnabas Whitaker owns Whitaker Ventures, where he offers junk hauling, yard recovery, dumpster rental, tree, and other property management services. He initially started his business as a side hustle with the goal of performing remodeling and handyman services before altering his interests to accommodate additional opportunities. Before Whitaker Ventures, Barnabas was a fire and emergency services helicopter paramedic.

When outsourcing contractors or other property maintenance professionals, landlords often underestimate the time it takes to repair and assemble a property for rent. Tasks like property cleanings, routine maintenance checks, and yard rehabilitation depend on the condition of the rental and inventory availability. So what do these preparations entail?

As a self-taught property service professional, Barnabas Whitaker has experienced his fair share of neglected properties. From rotting food in refrigerators to overgrown yards filled with debris, Barnabas has learned the necessity of investing in personal protective equipment and upgrading tools frequently. Typical property cleanings involve multiple workers and require extensive preparation of equipment needed for waste disposal. With excessively cluttered properties, it often takes numerous trips to discard unwanted items in safe and regulated locations. These dumping grounds also have long waiting lines and charge a disposal fee that factors into the cost of property cleaning and removal services.

Tune in to this episode of The Same Day Podcast as Mat Zalk invites Barnabas Whitaker, the Owner of Whitaker Ventures, to speak about property cleaning and junk removal. Barnabas describes his most unsanitary property cleanings, how he manages missing inventory, and how his business has evolved.

Greg Butcher, MBA, is the Managing Partner at BluSky Equity Partners, which helps busy professionals invest in commercial real estate to build wealth. He is also a Co-organizer of the National Apartment Investors Community (NAIC) San Diego Meetup group. As an experienced multifamily real estate investor, Greg helps patriots and veterans create passive income by investing in recession-resistant real estate. Before founding BluSky Equity Partners, he served as a combat engineer officer in the US Marine Corps, where he focused on project management, construction planning, leadership, and decision-making in crisis environments.

Many working professionals consider investing in single-family real estate to accumulate wealth for retirement. While this method can be profitable, single-family investors are responsible for the entire purchase and must pay off their loans even if the property becomes damaged. Conversely, investing in multifamily properties as a limited partner reduces risk and maximizes returns. How can you passively invest in multifamily real estate, and what should you know about limited partnerships?

As a skilled multifamily investor and equity partner, Greg Butcher says passive multifamily real estate investments allow you to generate cash flow without managing the property. Investors — both general and limited partners — in a syndicate collaborate to structure mutually beneficial deals. Limited partners receive 80% of the profit and are only liable for the amount of their investment. When investing in multifamily properties, Greg advises diversifying your wealth between multiple assets across various markets. This mitigates widespread damage to your portfolio from risky properties.

Join Mat Zalk in today's episode of The Same Day Podcast as he welcomes Greg Butcher, the Managing Partner of BluSky Equity Partners, who talks about building wealth through passive, multifamily real estate investments. Greg discusses navigating competing interests between parties, conducting due diligence on a property, and balancing debt and equity in investment deals.

Mat Zalk is the President and CEO of Keyrenter Property Management, which manages about 3,500 single-family rental homes across Tulsa, Oklahoma City, Northwest Arkansas, Wichita, Kansas City, St. Louis, and Indianapolis, with a new office in Ocala, Florida. He has grown the company in part through the acquisition of local property management companies.

Before founding Keyrenter Tulsa, Mat was a Strategy Director at The Property Finder Group in Dubai, where he worked with the CEO and senior team, scaled local teams in Saudi Arabia and Egypt, and led strategic projects in the company's core Dubai market. He has been an active real estate investor since 2014, holds real estate licenses in Oklahoma, Arkansas, Missouri, Kansas, Indiana, and Florida, and is a past president of EO Tulsa. He co-hosts The Same Day Podcast with Yoni Schmidt.

If you're considering moving but find yourself locked in a 30-year mortgage with a favorable interest rate, renting your home is a viable alternative. This positions your property as a long-term asset but requires meticulous planning and strategizing to obtain a high ROI. What should you know before renting your house?

As a seasoned property manager with experience renting his home, Mat Zalk lists four key actions every homeowner should take before renting. Preparing to lease your home requires maintaining the interior and exterior by investing in landscaping, fresh paint, and updated flooring and cabinets. When completing renovations and maintenance, you can hire a property manager to help you budget and prepare your home. Additionally, you must assess similar rentals in your market to determine an ideal price point based on size, upgrades, and amenities. The rental process comes with various legal regulations, including a leasing agreement outlining the landlord-tenant relationship and laws governing rent increases, fees, and evictions.

Join Mat Zalk in today's episode of The Same Day Podcast as he talks about how to increase profitability when renting your home. Mat explains the importance of refurbishing your property, evaluating your market for pricing structures, and developing a financial planning strategy.

Adam Sedlak is the Owner and Operator of Level Home Foundation Repair, a company that offers commercial and residential repair services throughout Oklahoma. Level Home Foundation Repair uses innovative and effective techniques to meet repair needs of all kinds.

Adam started his own company after working for six years in the home repairs industry in Tulsa, Oklahoma. He is passionate about helping home and property owners keep their structures safe and secure by providing quality workmanship with an ethos of transparency, honesty, and integrity.

A faulty foundation compromises the structural integrity of a building. What repair needs may be necessary if you suspect or detect that your foundation is damaged?

Foundation damage can be expensive and daunting to repair but dangerous if not addressed. Common signs of foundation damage include: floor cracks, wall cracks, leaning chimneys, sagging floors, moisture problems, and drainage issues. Adam Sedlak, a foundation repair expert, recommends you seek inspection services for immediate repair upon noticing these signs. Standard repair services could include crack repair, waterproofing, and piering. Mud jacking or foam injections may also be performed to lift the foundation and level the structure. Adam recommends foam injections as the more modern, efficient, and longer-lasting repair technique compared to mud jacking. Foundation repair costs vary depending on the extent of damage. However, it is often cost-effective as it prevents further deterioration and extends your building's lifespan.

In this episode of The Same Day Podcast, Mat Zalk sits down with Adam Sedlak, Owner and Operator of Level Home Foundation Repair, to discuss all things related to foundation and crawl space repairs. Adam addresses the importance of guttering around your house, the most common foundation repairs, mud jacking versus foam injections, and how homeowners can prevent interior foundation problems.

Mat Zalk is the President and CEO of Keyrenter Property Management, which manages about 3,500 single-family rental homes across Tulsa, Oklahoma City, Northwest Arkansas, Wichita, Kansas City, St. Louis, and Indianapolis, with a new office in Ocala, Florida. He has grown the company in part through the acquisition of local property management companies.

Before founding Keyrenter Tulsa, Mat was a Strategy Director at The Property Finder Group in Dubai, where he worked with the CEO and senior team, scaled local teams in Saudi Arabia and Egypt, and led strategic projects in the company's core Dubai market. He has been an active real estate investor since 2014, holds real estate licenses in Oklahoma, Arkansas, Missouri, Kansas, Indiana, and Florida, and is a past president of EO Tulsa. He co-hosts The Same Day Podcast with Yoni Schmidt.

When it comes to maintenance and repairs, property owners often acquire home warranties to offset the consequences of deferring maintenance. Landlords assume that by making initial investments, they can mitigate further maintenance costs. But home warranties have hidden risks homeowners should observe. How should you handle maintenance instead?

Like many businesses, home warranty companies' main priority is to profit from homeowners. This means contracts often contain terms and conditions that limit or exclude coverage, forcing landlords to pay for uncovered services. Similarly, these businesses still charge for maintenance services despite the initial cost of the warranty. Home warranty corporations also delay service, leading to dissatisfied tenants. Rather than risking cash flow reduction, tenant attrition, and property deterioration, real estate specialist Mat Zalk suggests cultivating long-term relationships with reliable vendors, self-insuring your home, and conducting routine maintenance and repairs.

Join Mat Zalk for another episode of The Same Day Podcast as he chats with Chad Franzen of Rise25 about the dangers of home warranty companies. Mat also shares alternative maintenance solutions, why landlords can't integrate maintenance costs with rent, and the appropriate scenarios for investing in home warranties.

Mat Zalk is the President and CEO of Keyrenter Property Management, which manages about 3,500 single-family rental homes across Tulsa, Oklahoma City, Northwest Arkansas, Wichita, Kansas City, St. Louis, and Indianapolis, with a new office in Ocala, Florida. He has grown the company in part through the acquisition of local property management companies.

Before founding Keyrenter Tulsa, Mat was a Strategy Director at The Property Finder Group in Dubai, where he worked with the CEO and senior team, scaled local teams in Saudi Arabia and Egypt, and led strategic projects in the company's core Dubai market. He has been an active real estate investor since 2014, holds real estate licenses in Oklahoma, Arkansas, Missouri, Kansas, Indiana, and Florida, and is a past president of EO Tulsa. He co-hosts The Same Day Podcast with Yoni Schmidt.

Sometimes owners choose to postpone repairs or upkeep on their properties. However, neglect can lead to more problems, including structural damage, mold growth, and pest infestations. So what preventative measures should landlords take to avoid costly repairs?

As an experienced property manager, Mat Zalk has observed numerous issues caused by deferred maintenance. For example, wood fixtures on homes decay over time, so Mat recommends applying a fresh coat of paint every two to five years, which costs less in the long run. Another significant component to consider is the HVAC system. He advises checking the refrigerant levels and ensuring the heat exchanger is crack-free. If you are considering renting out your home, he suggests conducting a thorough property analysis or hiring a home inspector. These inquiries give landlords a general overview of the property and which repairs should be prioritized to reduce overall costs.

Join Mat Zalk in today's episode of The Same Day Podcast as Chad Franzen of Rise25 interviews him about deferred maintenance. Mat discusses some common home issues due to deferred maintenance, why property owners may delay repairs, and how to reduce maintenance and repair costs over the long run.

Chase Chapman is the Owner of Blue Dog Carpet Cleaning, a professional carpet cleaning service specializing in cleaning pet stains and removing carpet odors. With years of experience, Blue Dog Carpet Cleaning values transparency and offers custom cleaning. Chase is a former IRS agent turned businessman.

Property owners often don't consider the benefits of professional carpet cleaning. Instead, they vacuum routinely and use generic cleaning solutions, embedding dirt, dust, and hair into the carpet fibers. So what does professional carpet cleaning entail, and how can you preserve your floors?

As an expert in extensive carpet cleaning, Chase Chapman employs a multi-step process to ensure pristine and odorless carpets. He uses HEPA-filtered vacuums to remove allergens before disinfecting and deodorizing the area with boiling water, flash flood tools, and industrial-grade, safe chemicals. To minimize carpet deterioration, Chase recommends maintaining the area between cleanings by purchasing walk-off mats, vacuuming thoroughly, and utilizing acidic cleaning solutions.

Join Mat Zalk in this episode of The Same Day Podcast as he hosts Chase Chapman, the Owner of Blue Dog Carpet Cleaning, who describes the carpet cleaning process. Chase shares his worst carpet cleaning experiences, the differences between DIY and professional carpet cleaning, and how he networks to gain industry insights.

Rob Boyd is the Owner of Classic Cleaning, which specializes in commercial cleaning for small businesses, rental properties, and real estate. With 20 years of experience in the cleaning industry, he was the director of operations for the world's largest cleaning company and oversaw cleaning at the University of Tulsa and four prominent health clubs.

Although tedious, house cleanings are a necessary part of property management. As a real estate professional, cleaning rentals is likely not your area of expertise. Outsourcing cleaning companies allows you to serve your tenants effectively. Here's why you should consider hiring a cleaning service.

Sometimes, after tenants vacate properties, they leave behind unwanted messes, diminishing asset value and prompting landlords to expend valuable time and resources refurbishing them. Established cleaning companies perform extensive cleaning, including air vents, window sills, door knobs, cabinets, and drawers. While property owners are often apprehensive about costs, cleaning industry veteran and entrepreneur Rob Boyd invoices based on the average time to complete the job, maximizing his time while maintaining exceptional services.

Rob Boyd, the Owner of Classic Cleaning, is Mat Zalk's guest on today's episode of The Same Day Podcast. They talk about the value of property cleaning performed by industry professionals. Rob also explains how he built a failing cleaning business into a reputable company, the importance of building relationships with cleaning service professionals, and advice for owning a cleaning business.