The SFR Show

Over the past year, Roofstock has acquired Stessa, an asset management platform made for real estate investors by real estate investors, and Great Jones a Property management company specifically suited to serve remote real estate investors. This helps make Roofstock a one-stop-shop for remote investors.

In this episode we have the cofounders of all three of these companies on to explain the companies, why they joined forces with Roofstock, and their pearls of wisdom for investing and entrepreneurship.

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Transcript

 

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Tom:

Greetings, and welcome to The Remote Real Estate Investor. We have a really fun episode today Michael and I are going to be interviewing the co founders of all the different companies that make up the Rootstock ecosystem. So if you're not aware, over the past six to 12 months, rootstock has acquired an asset management platform called Stessa. A really cool software to manage all of your properties that an asset management layer, as well as a property management company called Great Jones. And altogether it's a it's a really powerful stack of real estate technology tools and operations for investors to have and we brought on the founders from all of these different companies.

 

So we have Gary Beasley from Roofstock, who was a co founder. We have the two co founders from Stessa in Heath Silverman and Jonah Schwartz. And we have two co founders from great Jones and Jay Goldklang, as well as Abigail Besdin. And we ask them about their company, the fit within the roofstock ecosystem, some pearls of wisdom on investing on starting companies, all of that good stuff. So really excited about the episode we have today. And let's get into it.

 

Michael:

All right, everyone. Well, thank you for taking the time out of your very, very, very busy schedule. We've got a lot of heavy hitters on the line here. So I would love if you could all introduce yourselves to our listeners. One by one. Gary, you want to kick things off? We'll start with you.

 

Gary:

Sure. Great to be here. I'm Gary Beasley. I'm the co founder and CEO of Roofstock.

 

Michael:

Fantastic. And Abigail.

 

Abigail:

Hi, I'm Abigail Besdin. And I am a co founder of Great Jones.

 

Michael:

Perfect Jay.

 

Jay:

Hi, I'm Jay Goldklang, founder and CEO of Great Jones now a Roofstock company.

 

Michael:

And Heath.

 

Heath:

Hey, I'm Heath Silverman, co-founder of Stessa.

 

Michael:

And last but certainly not least, Jonah.

 

Jonah:

Yeah, I'm Jonah Schwartz, co-founder of Stessa,

 

Michael:

And we've got Tom Schneider on the line as well.

 

So I would love if you all could share, why Roofstock, Stessa, Great Jones decided to join forces. What was the impetus behind that?

 

Gary:

When we first started Roofstock we knew not only did we want to have a marketplace for transactions, but we wanted to build deeper relationships with owners and build a community. And to do that, we knew that we needed to be relevant to all property owners who own single family rentals, not just those who are looking to trade at any given time. And so from the very early days, we were trying to figure out how to do that. And I met Heath and Jonah was 2017. Yeah, 2017. And we just hit it off right away. And I said, Wow, these guys are building something really cool that it could provide software for every single family rental owner out there. And like a Credit Karma app for real estate owners, it'd be a great way to stitch together community get a lot of data and and invite people into the marketplace at the right time.

There are so many people talking about a pending economic crash. When are they not? In this episode, we discuss how we are thinking about our investment strategies in light of this topic. Even though timing the market is not a reliable strategy, it is important to hedge for the ever-present possibility of an economic downturn. 

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor Podcast is for informational purposes only and is not intended as investment advice. The views opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Emil:

Hey everybody, welcome back for another episode of The Remote Real Estate Investor. My name is Emil Shour and my co host today are Tom Schneider, and Michael Albaum and on this episode we're gonna be talking about all the doom and gloom headlines you may be reading out there so lots of YouTube channels lots of articles out there are saying there's an impending crash and so the three of us are just going to weigh in and tell you what we think tell you how we think you can navigate this and come out ahead so let's hop into this episode.

 

Michael:

I think it's important to just start start off by saying that this is not a prediction of crystal balls it's just so that everyone's been talking about it we were talking about the upset everyone's been chittering chatting, chattering, Chaturanga, chatting about this impending crash that we said let's talk about what you can do and this is applicable really for any crash whether it's tomorrow five years from now 10 years from now these are just I think solid and sound principles that we plan on using to insulate ourselves from from a crash.

 

Tom:

Definitely anyone who says they know when the crashes like happening just like run the other direction anyone who tells you Here are some easy you know here's the the easy no work way to make money run the other direction so anyways excited for this episode

 

Emil:

Let me ask you guys this When did you start investing? When did you guys start investing in real estate? What year?

 

Michael:

Like 2012.

 

Tom:

Almost like well, yeah about 10 years 2014

 

Emil:

So maybe you guys probably didn't see it as much I started in 2017 and I remember in 2017 I would probably see that headline at least once a week of like another bubble, bubble coming market crash crash like YouTube videos headlines, though since 2017.

 

Michael:

Real click-baity stuff.

 

Emil:

Yeah, and this is four years ago and so I think my my hypothesis here is it's click baity, no one has any idea at some point right? Someone's going to be right if you just keep saying every single month a crash is coming a crash is coming. You say that for seven years I guess at some point you may be right and then you're like See I told you so.

 

Michael:

I'm a genius.

 

Tom:

Kind of sorry I'm diverging a little bit I love that that's a great point of just saying that every day I heard the story about like fund managers that would have like tons of different diverse funds and like one would hit and then they would market everything on that one like diverse fund ended up kind of a similar sorry distracted Tom see what's a squirrel running by go ahead sorry keep going.

 

Emil:

No I mean yeah, this is just casual conversation. I just think it's it's a it's clickbait I don't think anyone knows when it's going to happen it real estate moves in cycles Yes, there's going to be ups and downs right? This this kind of trajectory have been on where things have only gone up that is not sustainable forever. None of us I don't think are going to say that real estate only goes up or that anything only goes up things come down but I think it's a fool's errand to try to predict when those things wil

Dave Homyak is a former engineer that quit his job to go into short-term rental properties full time. Dave runs Smokey Mountain Cabin Realty, helping investors maximize their returns by investing in rental properties in Tennessee.

In this episode, Dave shares his investment journey, how he quit his job, how he 1031s his way into bigger properties, what his returns look like, the most powerful price points to get into, and some tips for investors thinking about getting into this game.      

 

https://www.facebook.com/dave.homyak

https://smokymountaincabinrealty.com/

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

Hey, everyone, welcome to another episode of The Remote Real Estate Investor. I'm Michael Albaum and Today we have with us Dave Homyak, who's going to be talking to us about short term rentals out in the Smoky Mountains of Tennessee, and what he did to leave his job is under two years with these types of investments. Without any further ado, let's get into it.

 

Hey, Dave, thanks so much for taking the time to hang out with me today. Really appreciate it.

 

Dave:

Yeah. Thanks for having me.

 

Michael:

Now, my pleasure. For our listeners who don't know you give us a brief background, who you are, Where'd you come from? And how'd you get started in real estate?

 

Dave:

Okay, so basically, I was an engineer, I did engine calibration for a living, I worked for Chrysler, Detroit, diesel, General Motors, bunch of companies like that, and always wanted to do something in real estate, but quite honestly was afraid to do it. So my first investment property I purchased at 53. And the reason I purchased it is because I wanted to be able to get away from my W2 income. And I had had some money saved up I thought I'd pretty good saver. But I was like, what would it take to make me feel like I can walk away and not have any anxiety whatsoever?

 

And the answer was pretty easy. It's like if I replace my income, then I can walk away and do anything I want. And it's gonna, I will not have to ever worry. And so basically, I set the goal for myself to replace my engineering income in two years with real estate. And I was able to do it in a little bit under a year. And that was due to getting into short term rentals. And I ended up doing it in what I had kind of researched somewhat to the best of my ability at the time. But then what ended up is that an independent third party which is airDNA they ranked it as the best market in 18 best market in 19. It's three of the top six large cities in 20 and I'm waiting for the latest report to come out and I'm sure it's going to be in the top again.

 

So bottom line is I happen to buy in the one of the best markets and my research indicated that was a good plan. I had no idea that it was going to work out the way it did as quickly as it did though.

 

Michael:

That's incredible. And so we've got to ask Where is that market?

 

Dave:

Said market is in the Smoky Mountains, which is Eastern Tennessee, the three major cities are Gatlinburg and Pigeon Forge, and Sevierville. So Sevierville is the one that people haven't heard of as much but it's equally profitable and made the air DNA dotco list basically ended up you know, I made the decision looked into apartment syndication knew I could replace my income with that didn't know if I could add it to your timeline, ended up deciding on the Smokies. I looked at the Smokies panhandle of Florida, which is also a good choice. I think Smokies are a little better. Less hurricanes there. I really wanted to go int

Antonia Botero is a project manager, licensed architect, and urban designer. As the owner of MaddProject, a boutique project management consulting firm, she specializes in advising real estate owners and related-industry businesses with their development projects, keeping them on task, on schedule, and on budget. 

In this episode, Antonia shares the scope of work of a project manager - what they do, what they don't do, what they cost, and when you would want to bring one in on your developments.

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor Podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

Hey, everyone, welcome to another episode of the remote real estate investor. I'm Michael Albaum, and today I'm joined by a very special guest, Antonia, she is a project manager, extraordinare licensed architect in numerous states, and then the owner of MaddProject, and she's going to be talking to us today about when you should think about hiring a project manager, what are some of the do's and don'ts, do's and also what it's like to be a woman running her own business in the construction space. So without further ado, let's get into it.

 

Antonia, the Conqueror project manager, extraordinaire, licensed architect in multiple states and owner of MaddProject, how are you today?

 

Antonia:

I am wonderful. Thanks for having me.

 

Michael:

Now, absolutely. Thanks for taking the time to hang out with us. So you are a jack of all trades, you do a lot of different stuff. Tell us a little bit about what it's like to be a project manager. But before we get into that, can you share with everybody what the best way to get ahold of you is or a hold of your company bad project, if after listening to this episode, they're like Antonia is a beast. She's a rockstar, I want to use her as my project manager.

 

Antonia:

Sure, absolutely. So my website is great is a great way to get ahold of me, there's a little contact me form in there that I watched very closely. So Mad project.com. And you can scroll down, contact me. Also, there's a great newsletter that I write about once a month. So if you want to get it, you can hear from me that way. And additionally, I'm very active on Twitter. And I will give you my handle and you can share it in the notes as well. But that's a really easy way to contact me. And worst case, if you really just want to get to me, it's Antonia at Madd Project calm with a double D. So that's her always I'm very easy to get a hold of.

 

Michael:

Awesome, awesome. Well, again, thank you for coming on and sharing with everybody. What I want to talk about today is what it's like to be a project manager. What are some of the things that a project manager does? And then what are some of the hurdles that you've seen people really stumble over when doing rehab or renovation projects where maybe they should have gotten a project manager?

 

Antonia:

Sure, absolutely. So typically, on development projects, there's one person who serves as a point of contact for the owner, who helps coordinate the design team helps to oversee the permitting process and ultimately oversees or helps to oversee the construction manager during construction process. So generally, when you have larger projects, you should expect to have a project manager somebody either in house with the developer or a third party, like my company, that their job is just to make sure that the project is going in the right direction that you're accomplishing through design, all the different, you know, goals that are set forth in the pro forma. So that's generally what a project manager

In this episode, Michael wraps up our discussion on reading and deciding what to do about our inspection reports. Michael walks us through his inspection report on a short-term rental property. He highlights the most concerning issues and discusses how he will go about addressing them to set himself up for success.

The inspection contingency period is a crucial step in buying a new property. Doing your homework here can make or break a deal. Overlooking issues in the inspection report can potentially leave you with thousands of dollars of repairs in the near future and eat up that precious cash flow.

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Transcription

 

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor Podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Emil:

Hey, everybody, welcome back for another episode of The Remote Real Estate Investor. My name is Emil Shour. And today I've got

 

Michael:

Michael Albaum.

 

Pierre:

Pierre Carrillo.

 

Emil:

And if you saw the last episode here and I walked through a recent inspection report, I covered a triplex that I bought back in November of 2020. And Peter actually walk you through an inspection report that he's currently in contract for on a property. So last person up is Michael and just a quick recap, what we're doing is we're walking you through these inspection reports, calling out things that we see and just walking you through our thought process giving you an over the shoulder look on how we look at certain items listed how we go about addressing them, either with the seller or getting different bids. So that next time you get an inspection report, you feel confident to do the same.

 

Alright, Michael, kick us off.

 

Michael:

Alright, so I'm going to be pulling up this inspection report for a property that I am also in contract for similar to Pierre. So this is a 62 page inspection report, which oftentimes they are. And like Emil mentioned in the prior episode, the inspectors job is just to find everything that they can. And it's also important to note that inspectors there's like a national certifying body for home inspectors, I believe it's national. And so there's set guidelines and parameters for things that they're looking for, and how they report and things that they do look at and things they don't look at. So just keep that in mind.

 

And also something it's important to keep front of mind is that inspectors are looking for safety and habitability issues, not necessarily aesthetics, or rent readiness for a property. And so I've heard people in the academy talk about oh, well I got my inspection report and it was a $2,000 repair estimate. And then my property manager walked it and said, oh, there's an additional $5,000 and make rent ready costs. So these two people are looking at things through two different lenses. So it's really important to keep that in mind. And I always try to have the property manager walk with the inspector if at all possible, or at least walk after the inspector so that way they can give you their two cents around okay, well, that was the inspection, safety, habitability his side Now let's look at the make rent ready stuff, because the inspector is probably not going to tell you if the walls are scuffed or if the you know, the carpet is is thinning, right? That's all stuff that that a property manager is gonna be looking at.

 

Pierre:

I was just gonna say, Michael, why does your house look way nicer than Emil and mine?

 

Emil:

This is short term.

 

Michael:

This is a short term rental. Yeah, I'm getting out of an older property. Similar to Emil’s about 100 years old, I did a bunch of value-add rehab work o

The inspection contingency period is a crucial step in buying a new property. Doing your homework here can make or break a deal. Overlooking issues in the inspection report can potentially leave you with thousands of dollars of repairs in the near future and eat up that precious cash flow. 

In this episode, we pull up inspection reports on homes that we have either bought or are currently looking at purchasing. We walk through the reports, point out the most concerning issues, and discuss how to go about addressing them to best position ourselves in these deals. 

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals. Hey, everyone,

 

Emil:

Welcome back for another episode of The Remote Real Estate Investor. My name is Emil Shour. And today I'm joined by

 

Michael:

Michael Albaum

 

Pierre:

And Pierre Carrillo

 

Emil:

And in today's episode, we're gonna be talking about inspection reports. And instead of giving you guys kind of just high level overviews and hypotheticals, we're actually each going to pull out a recent inspection report on a property that we've either looked at or purchased and walk you through our thought process as we were looking at the different items and how we approached each one. And so hopefully that can help you feel more confident when you're looking at your next inspection report. So let's get into this episode.

 

All right, so I'm going to kick this one off, and I'm going to cover the inspection report from the triplex that I bought back in November of 2020. So let's pull it up. And I'll walk everyone through all the different things that we saw come up, and my thought process as we were going through each item.

 

Alright, so this is the inspection for for the triplex that I recently bought back in November. And what I'm going to do is I'm gonna walk you through some of the things that are common in in an inspection report, and the things that I find that I think are worth exploring more versus things that I think aren't a super big deal. And obviously, these are just relevant for me, but walking you through my thought process.

 

Alright, so the first thing I want to point out again, is is the inspectors job is to literally point out any potential oddity or you know, thing that doesn't look exactly 100%. Right. So here you can see that looks like the lock isn't lining up correctly. And there seems to be something with this top lock as well, maybe it's not like fully fastened, I think is what he wrote. So these things, these are minor, these are all things that we can, you know, probably take care of when we have a turn come to or if the tenant complains about it, we can just get it taken care of. These are minor, not a big deal. For me.

 

This was the first thing that really stood out to me when I was a valuing this property. So the ceiling at the first floor bathroom of one side of the property has an active wet stain. And so it looks like there was a toilet issue that they referenced here later. It was actually the toilet on the second floor wasn't secured properly. And there was a small leak from the top floor of the second.

 

So the first thing I did actually, when I saw this, you know leaks are are never something to be taken lightly. So the first thing I did is I contacted the inspector, you know, I had his number and I just asked him like, you know, how, how bad is it? What do you think, in terms of damage and potential here, he didn't sound super concerned about this, when I spoke to him, he made it sound like you know, you just got to get that that toilet fix,

Max Feinberg is a Roofstock Certified Agent out in Pittsburgh PA, a fellow investor and a wealth of knowledge about his local market. 

In this episode, Max tells us about the homes in Pittsburgh, the vintage, neighborhoods, the rent to purchase-price ratio, common issues that come up on inspection reports, and details that only a local would know. Listen to this episode to learn if Pittsburgh is a good market for your strategy.  

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Mark:

Welcome to The Remote Real Estate Investor. My name is Mark Woodling. Michael Albaum and I are joined today by Max Feinberg, who's from Pittsburgh, Pennsylvania. So he's one of our certified agents and is going to give us a quick market breakdown and tips and tricks that we need to know about investing in Pittsburgh. So let's jump into it.

 

Max:

Thanks for having me.

 

Michael:

No, We're really excited to have you on So You are our certified agent out in Pittsburgh, right?

 

Max:

That's correct. Yep. Pittsburgh, Pennsylvania.

 

Michael:

And are you born? Are you a born and bred Pittsburghean? Is that is that the proper term?

 

Max:

Pittsburgher, Yeah, I am.

 

Michael:

Much better.

 

Max:

We could go with Pittsburghean. I was born and raised in Pittsburgh, Pennsylvania. I left when I was 18 years old. I lived in Arizona for about seven years. And I started my real estate career out there. But I'm back home in Pittsburgh and really enjoying working in real estate here.

 

Michael:

Where in Arizona where you?

 

Max:

I wasn in well, I went to Arizona State University. So I was in Tempe, Scottsdale Phoenix. started my career in Scottsdale. Yeah.

 

Michael:

A lot less snow out in Tempe right?

 

Max:

Yeah, yeah, well, weather was a little bit better. But it's not how I'll tell you that much.

 

Michael:

Yeah I totally can appreciate that. So max curious to know, how did you go from Arizona real estate back to Pittsburgh real estate was it just, you know, the home homesickness or you knew that market better, you'd read that market better?

 

Max:

It's a combination of a few things, those those are definitely part of it. Arizona is one of the more competitive real estate markets in the whole country. I'm not going to get the number exactly right. But I remember they had some crazy number of agents in the state of Arizona over 40,000 or something like that. And so just inherently not being from there. And not having that sphere of influence and network made it hard for someone who was just starting in the real estate industry to get you know, some traction.

 

When you combine that with not really knowing the area, like you just mentioned, and being a little bit homesick. All those things brought me back to Pittsburgh.

 

Michael:

Fantastic. And I'm curious what what's been the biggest change in Pittsburgh, since you grew up there to now what have you seen?

 

Max:

the biggest one has probably been, you know, some of the factors that are making up the economic drivers here in Pittsburgh, the increase in tech jobs, health care, education, all of those things. And then what they've done to the real estate market, some of the crazy amount of appreciation we've seen in certain areas, and now starting to spill over into these other areas. And we're seeing a lot of development. When I when I was younger, we didn't have we didn't have as much of that the Pittsburgh was still coming off that steel town reputation. And that's really changed a lot over the last 2025 years.

 

Michael:

Interesting. So when people say when people hear

Alex Jarbo is a real estate agent and investor that specializes in custom-built short-term rentals. He also runs the YouTube channel, Alex Builds which details his process.

In this episode, he tells us how he got started, what his strategy and returns are, and important things to consider if you are interested in getting started in the short-term rental game.

Alex's channel and contact: https://www.youtube.com/channel/UCN0sdWw5T6zP7-NG4p8Ry6g Email: [email protected]

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Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals. Hey, everybody,

 

Michael:

Welcome to another episode of remote real estate investor. I'm Michael Albaum. And today with me, I have a guest, Alex Jarbo. And Alex is actually doing ground up development for short term rentals out on East Coast market. So he's going to be talking to us about what that process looks like, and all the lessons he's learned along the way. So let's get into it.

 

Alex Jarbo, welcome to the podcast. Man. Thanks so much for taking the time to hang out with me.

 

Alex:

Oh, thanks for having me on, Michael.

 

Michael:

Now. No, I appreciate you. So give everybody a little bit of background on who you are, where you come from, and what is it that you're doing in the real estate space, because I know that it's very interesting. Let's bring everybody up to speed.

 

Alex:

Yeah, so I'm originally born and raised in Detroit, Michigan. My parents grew up in Detroit and then my parents moved to like 20-25 minutes north of Detroit. During the Marine Corps when I was like 18 years old did that for like five years, I was stationed in Washington DC, that time it was like time to leave the Marine Corps. I decided that I want to be in real estate got my real estate license in North Carolina, moved to Asheville, North Carolina, right out of the military, and then I sort of dabbled around in real estate flipping properties.

 

Didn't really like that too much did the real estate agent thing for a little bit made some good money but I was I was helping investors sort of find Vacation Rentals instead of, and I realized like okay, let me let me try like purchasing some. So we had some money saved up and I went out and started like looking for vacation rentals in this area. Or like properties that would do well as like short term rentals and stuff didn't really find anything that wasn't like crazy overpriced. This is like even before like the COVID lockdown and then so we just decided to build we just decided to build our first cabin which ended up being an a-frame took took about a year to get that done just because we were like my first build and just learning everything and then from there like we started renting it out and started doing really well and then like one turn into four and then four turned into not like next year so we're breaking ground on four this year and then we have 24 plan for next year.

 

Michael:

Holy smokes it sounds like these cabins are just having like little cabin babies.

 

Alex:

Yeah. We just took took the class cashflow and just rolled it into the next board took our like I took on investment money for the first time with with the like to have the cabins and then all the all the properties we're doing next year with investment money. So like with other people's money, oh,

 

Michael:

Man, that's frickin awesome. I love how you just said, Oh, this thing isn't working over here. So let me just go build my own. Most people say oh, it's not working like Screw it. Real Estate sucks. It's I can't do it.

 

Alex:

No, no, absolutely not. And I mean that th

Investing in real estate is a powerful way to build long-term wealth and achieve financial freedom. But if your assets aren't sufficiently protected, you may be putting yourself at risk of losing your hard-earned income.

 

Clint Coons is a real estate investor, an attorney, and an asset protection expert with Anderson Business Advisors. In this episode, Clint gives a clinic on how you can set up asset protection for your real estate portfolio.

 

Get a free strategy session with Clint's team here: aba.link/roofstock

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Transcript

 

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Michael:

Hey everybody, Michael Albaum here. Welcome to another episode of The Remote Real Estate Investor. Today I've got with me a very special guest, Clint Coons with Andersen Business Advisors. And Clint is gonna be talking to us today about all things asset protection, and what we need to know about them as investors. So let's get into it.

 

Clint Coons, thank you so much for taking the time to hang out with me today. I really appreciate you coming on the show.

 

Clint:

Mike, thanks for having me on. Looking forward to it. Yeah,

 

Michael:

Absolutely. So for all of our listeners, if you could tell us a little bit about yourself and how you got into the world of asset protection.

 

Clint:

Well, okay, so I'm an attorney that that that goes right. How do I how do I fall in asset protection? Well, I think a lot of it stemmed from the fact when I was growing up, my father was an avid real estate investor. And he, he wanted two kids, he got two sons, because he needed indentured servants for 27 years. And so I grew up working on my own my dad's real estate for free, he always said, hey, it's gonna be yours one day, so you better do a damn good job, or you know, I'm sending you to college, and I'm paying for it. So this is your payment. But what was interesting to me is that my my grandfather, my dad's dad, he's an attorney, and he never wants to told my dad, you should do this, this, protect your assets, reduce your taxes.

 

And so the few times that my father was involved in a lawsuit is more about let's just write a check to make this thing go away. And when I was in law school, start thinking about this, hey, there's got to be a better way to do it, rather than put yourself out there and, and have all your assets exposed, because there'll be some times when he would be legitimately concerned about a situation that came up maybe at an apartment building, that he thought, you know, there might be a big lawsuit coming down the road and hit him.

 

So that got me really started with my partner, when we started our firm, Anderson business advisors, you know, it was, I never thought I'd be where I'm at today with, you know, close to 400 employees and in multiple states. But when we started out, we saw that there was a real need for this and that people just weren't getting the right type of advice, I guess, when it came to protecting their assets. And so that's what I started doing.

 

Michael:

No, that's awesome. And you so graciously are going to be offering everyone, all of our listeners a consult with a link in the show notes. So definitely check that out, if you are interested in scheduling a time with Clint or his staff in the show notes section of the podcast.

 

So curious to know, Clint, I mean, give us a high level of what asset protection is, what does that entail? Because I think it's a term that gets thrown around a lot in real estate investors love to sound fancy schmancy. So we love throwing terms around but give us a

Roberta Dalla Verde is a lawyer, mother and a Stessa power-user. With her family, she owns property throughout Georgia and Brazil. On today's episode, Roberta tells us about her investor journey, how real estate is a great business for a busy mother and how she manages her international portfolio with Stessa's asset management tools.

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Transcript

Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only and is not intended as investment advice. The views, opinions, and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

 

Tom:

Greetings, and welcome to The Remote Real Estate Investor. On today's episode, we have Stessa power user, Roberta Dalla Verde, who is going to talk about her portfolio in Brazil as well as in Atlanta. Alright, let's get into it.

 

Roberta, thank you so much for joining me.

 

Roberta:

Oh, thank you so much for having me here.

 

Tom:

To start us out. I have a fun question to ask you. So what has been the best day since becoming a real estate investor? This can be kind of any sort of investor related activities or what has been one of the best days you've had.

 

Roberta:

I think there's so many different in so many days, we had the good days. With a best day, I think let's say for example, our first when we bought our first property that was like, Wow, there was something we were not revealing expect. And then we were able to buy it for like, Oh my gosh, this is it. And but I think as far as the investment, once we started getting really into the business of investing, when we realized actually, one day, we had hired the CPA. And we had a few properties already. And we hired the CPA, and he's like, okay, now let me explain a little bit of all the good things that you may end up with, because you're investing in real estate for like, Oh, no, really, when we so that was the aha moment like for us are like, Oh my gosh, this can be into like, our lives can change. And this actually a business.

 

So for us, that was the most I think me that I think of it, it's the most important day for us any change in our lives from there to now. So definitely, that was the…

 

Tom:

I love it when you, you know, you decide to do something for all these good reasons. And then once you're kind of moving along, you realize there's more good reasons to do it. There's something that that's great.

 

Roberta:

Yeah, I remember he said, like the real estate was like, a multi dimensional asset class, you're like, well, what is that I started looking into it was like, wow, that's Yeah, so what is that?

 

Tom:

So what initially pointed you towards real estate? What was your background? Before getting in? I'd love to hear about that.

 

Roberta:

So I was born and raised in Brazil. We've been here in the US. So my husband and I have been hearing us since 2005. And one day, like we were saving and we bought a house. And then we lived there for a few years. And then we we bought this property. We're where we live now. This was back in 2015 and 2015. Yeah. And we decided to keep the previous house and we turn it into a long term rental. So just we thought as an another stream of cash, you know, we didn't have the big picture of investment. So we were like, okay, let's keep it we were able to keep it and invest in another property like you buy the new one. So let's do it.

 

So there, that's when it started. We we started managing that property. We didn't know anything about it was completely new to us. And coming from a different background. We're like, okay, there's even the buying process was different, like all sorts of different things we had to learn and by ourselves. So I had to study a lot.

 

I'm an attorney. I practice I even have, I went