Rental Property Owner & Real Estate Investor Podcast

In today's challenging real estate landscape marked by inflation and rising interest rates, Jon Siegel, a seasoned expert with over $25 billion in multifamily transaction experience, shares his insights. As a former HUD loan sales advisor, Director of Structured Transactions at Fannie Mae, and Director of Acquisitions for a leading multifamily real estate firm, Jon offers valuable advice for long-term success in multifamily investing. Join us as Jon discusses the changing landscape of capital access in real estate since the early '90s and its impact on investors. Find out more: jsiegel@railfieldrealty.com www.railfieldrealty.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

I've heard horror stories from some of my investor friends in Texas who saw their property insurance costs go from $350 a door to $1,500 a door over the past year. That made me happy to be investing in Michigan, which is much more of a climate haven that isn't affected as much by the costs of the extreme weather that we're seeing in Texas, Florida, and other coastal states. But then my insurance company notified me that they weren't going to renew my $7,500 policy on a 37-unit I own here in Grand Rapids.  The next best price we could find was $23,000!   That's almost a 200% increase overnight. Mike Murphy from Brouwers Insurance Agency is my insurance broker on the majority of my portfolio.  I invited him to this week's episode of Next Level Thursday to share his insight into the skyrocketing costs we're seeing in the property insurance world. Mike is going to let us know what to expect with our policies, what we can do to offset the higher costs, and his expectations for 2024. Mike can be reached: mikem@brouwersagency.com 616-891-0123  

The last time my guest was on the show he shared some mind-blowing 1031 exchange strategies that can help you shelter your real estate sale profits from the IRS. That was episode #237 if you want to check it out. Dave Foster is back on the show again today to share more examples of successful 1031 exchanges and update us on the latest proposed legislative changes to this incredible investment tool. Dave also released an Amazon best-selling book called “Lifetime Tax-Free Wealth: The Real Estate Investor’s Guide to The 1031 Exchange”. Find out more: Website: https://www.the1031investor.com/ LinkedIn: https://www.linkedin.com/in/davefoster1031/  YouTube: https://www.youtube.com/c/The1031Investor  Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to The 1031 Exchange: https://a.co/d/hs4Rv92 Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

Spend the night with me in a haunted house! Welcome to part 2 of our Halloween series on haunted houses, apparitions, paranormal experiences, and the roommates who don’t pay rent and can’t be evicted. In part one (episode #251) you were introduced to a retired reverend who has been experiencing paranormal activity and communicating with the dead since his near-death experience at the age of 5. You also met several of his paranormal research assistants and heard their stories as well. In this episode we take you on a ghost hunting adventure to a haunted house in the historic district of Bay City Michigan. You'll find out the strange reasons we were brought there in the first place, how the homeowner was almost pushed off a ladder by a ghost, and what happened that night after 2:00 am that is so strange, and so hard to explain, that I can't wait to share it with you. If you're experiencing paranormal activity in your home, rental property, or place of business, you can contact Reverend Hunter through his publisher at https://thunderbaypressmichigan.com. Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

If you’re struggling with your short-term rental property and wondering how you can get more guests, better reviews, more cash, and become a better property manager, you’ll definitely benefit from this conversation. Luke Carl has been managing vacation homes since 2015 with over 6,000 bookings. He’s taught over 10,000 successful short-term rental property managers and has been through every short-term challenge you can imagine. Luke is the Director of Education for one of the biggest real estate teams in the nation called the Short Term Shop. In this episode, Luke discusses the three ‘Ps’ necessary to improve your bookings – Pictures, Pricing, and Platforms. He also discusses the different apps available to make your short-term rental management more efficient. Find out more: https://theshorttermshop.com/ https://linktr.ee/strmshow Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

In continuation of our celebration of all things Halloween, it's time to bring back this incredible episode we recorded three years ago... Welcome to our special Halloween edition with hair-raising stories about haunted houses, apparitions, paranormal experiences, and the roommates who don't pay rent, and can't be evicted. We did something similar 3 years ago on episode #94 and it was one of my favorite all-time episodes. Today we go even deeper into paranormal phenomenon and I know you're going to love this incredibly thrilling episode! I recorded so many great stories that I had to break them up into two episodes: In part one you'll meet a group of paranormal researchers and the retired reverend who has brought them together. In part two you'll get to accompany me to a real-life haunted house in Bay City, Michigan. I want to warn you that some of these stories will frighten you, and some may even terrify you. If you're easily scared or prone to nightmares, then this is not the episode for you. Aside from the sound effects I've added in, everything you're about to hear is the actual professed experiences of the people involved. These are real people, with real stories of paranormal events that can't be explained, and are even harder to understand. If you own a home, rental property, or business that is haunted or experiencing paranormal activity, then Reverend Hunter would like to hear from you. You can contact him through his publisher at Thunder Bay Press: https://thunderbaypressmichigan.com/contact Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

My guest today left behind a promising career as a BMX freestyler to become a real estate investor. He built a portfolio of 50 residential properties prior to the great recession, and then pivoted to building a real estate tech company called Connected Investors that he sold for multigenerational wealth. Ross Hamilton made his first million by the age of 20 through real estate, and he’s here today to share his story and secrets that he’s learned from other successful people like himself. Ross will also share how he’s giving back with his new non-profit that is solving the affordable housing crisis. You can find out more about that by going to www.savinghomes.org. Find out more: connectedinvestors.com Social Media:  facebook.com/connectedinvestors tiktok.com/@connectedinvestors instagram.com/connectedinvestors linkedin.com/company/connected-investors Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

This is one of my all-time favorite episodes, and since Halloween is coming up I wanted to scare our listeners one more time. Get ready to get scared by this special Halloween episode with real ghost stories from the perspective of rental property owners, homeowners, and tenants. Whether you believe in ghosts or not, sometimes strange and inexplicable things happen that make the hairs on the back of your neck stand up. Our guests today talk about the creaking doors, the footsteps, the feeling of being watched, and the sensation of seeing an apparition of someone long dead. With stories from old and new guests: Ann Finkler, Gary Hall, Steve DeKoster, Brandon Krieg, John Potter, and Sue DeJong. I know you'll enjoy this episode and I'd appreciate it if you'd share that enjoyment by giving us a review and rating in iTunes. Happy Halloween!

The BRRRR method is one of the most tried and true real estate investing plays. BRRRR stands for Buy, Rehab, Rent, Refinance, and Repeat, and this strategy has helped countless investors build their real estate portfolios and achieve cash flow. My guest today has his own spin on this strategy using the SCALE framework. Bigger Pockets even published his book on this topic called Accelerate Your Real Estate, and he’s here today to share it. Niti Jamdar is the co-founder of Open Spaces Capital and Open Spaces Women which he co-founded with his wife, and it’s their passion to empower investors to pursue entrepreneurship through real estate investing. Find out more: openspaceswomen.com openspacescapital.com/ instagram.com/openspaceswomen/ instagram.com/rewealthblueprint/ linkedin.com/in/palak7/ linkedin.com/in/niti-jamdar-a720585/ facebook.com/openspaceswomen youtube.com/@openspaces1251 Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

In today's economy, its very difficult to make new ground-up construction projects pencil out. With higher interest rates, labor and material costs, and a decrease in construction financing options, we need to come up with alternate solutions to fund our projects. Your capital stack refers to all of the different sources of funds that you can bring into your project alongside your debt and equity. The more funding sources you can layer into your capital stack, the better the chance you'll have a viable investment opportunity. On today's Next Level Thursday episode, developer Josh Canale from Great Lakes Development Group discusses the many sources of incentives that you can access for new construction. We'll talk about TIF and Brownfield, NEZ (neighborhood enterprise zone), federal dollars, and other state and municipal incentives. We'll also discuss where you can go and who you can talk to in order to find all of the capital available for your project. You can learn more about Josh Canale through his website: https://www.greatlakesdevgroup.com/