Rental Property Owner & Real Estate Investor Podcast

This coronavirus pandemic has changed our society and the way we live in a very short amount of time. Those of us who own investment property can't help but ask: "How bad will it get, what does this mean for my investments, and will there be new opportunities that arise from these unfortunate circumstances?" There are so many opinions and overnight experts sharing those opinions, that it can be difficult separating the good information from the bad. That's why I'm excited to have Neal Bawa on the show today in order to cut through the clutter and give us a clear-eyed perspective on what we can expect. Neal is not only a real estate expert with a $250 + million portfolio of multifamily, mixed-use and self-storage, but he's also a technologist who successfully applies data science to his systems and processes. Neal is also the CEO and Founder of Grocapitus and Multifamily University and he's known as the Mad Scientist of Multifamily. In our conversation today, Neal is going to help us understand the two distinct scenarios that could occur depending on our government's willingness to put many parts of the U.S. on lockdown. He'll discuss the outlook for multifamily and apartment investors and breakdown the different asset classes on their vulnerabilities to the economic shock. Neal will also share the types of opportunities he sees on the horizon and whether you should be doing any deals right now. If you own and invest in real estate then you'll definitely want to hear what Neal has to say. He's not going to sugar-coat the truth, and there are some silver linings that could help us survive and thrive through this difficult time. If you want to learn more about Neal or get access to his timely webinars, you can go to: https://www.grocapitus.com https://multifamilyu.com https://coronavirusrealestate.com

Are we heading into another recession? If so, how will it affect housing and real estate prices? Mike VanderWoude doesn't have a crystal ball to answer that question, but what he does have is historical data from the previous five recessions to help us understand what might happen. And you'll probably be as surprised as I was by his answers. And if you're wondering what effect the Coronavirus is having on real estate so far, Mike also shares his 'on-the-ground' perspective in a quick update at the end of this episode. Mike is an Associate Broker at Edison Brokers + Co in Grand Rapids, Michigan. He was also a guest on Episode #79 where we discussed his dilapidated & run-down 2-unit that he had purchased and renovated on the West-side of Grand Rapids. It was right next door to a 4-unit that I owned. Since then, Mike has purchased my 4-unit and he's going to let us know how its working out. I believe you'll find great reassurance from Mike in this episode that, based on historical data, real estate is likely to do okay during these turbulent times. You'll also learn the value of 'controlling the corner' and playing real life 'Monopoly'. You can get in touch with Mike by email or phone: Mike@grar.com 616-914-1556

What do you do if you have a 'no pet' policy and your tenant decides that they need an Emotional Support Animal. What if that animal happens to be a pig, or a goat, or a bat? Well, as crazy as it sounds, this is happening to landlords and its protected by laws and rental rules. Part of the RPOA's mission is to fight these types of laws that are adverse to a rental property owner's ability to control the well-being of their property and business. And helping us fight these laws and pass better ones here in Michigan is Tabitha Zimny, an Associate Lobbyist for Karoub Associates out of Lansing. Also joining us is Clay Powell, the Director of the RPOA of Michigan and Grand Rapids. Today we're going to discuss legislation having to do with Emotional Support Animals, Short-Term & Vacation Rentals, Rent Control, and the upcoming LLC bill that allows landlords the ability to represent themselves in eviction court even if they own their property through an LLC. Clay will also be making a special announcement regarding the new Short-Term Rental Association which will be representing Short-Term & Vacation rental owners across Michigan. We'll also discuss the RPOA PAC fund, which brings us to the table with our lawmakers in order to have influence on the votes and decisions they make. If you own rental property it is imperative that you know what's going on at the legislative level that will affect your business. After listening to this episode you'll have a much better understanding of the gauntlet a bill has to go through to become a law, as well as the importance of the RPOA and Tabitha in shaping those laws.

My guest today is Rod Khleif, who many of you know through his popular podcast "Lifetime Cashflow through Real Estate Investing", or his bestselling book "How To Create Lifetime Cashflow through Multifamily Properties", or his many Real Estate Training & Multifamily Events that Rod personally teaches every year. Some of you may even remember that Rod & I both started our respective podcasts in early 2016 within weeks of each other. In fact, we were both guests on each other's shows with Rod appearing on episode #23 of this show, and I appeared on episode #28 of his. But what's shocking to realize is that even though we both started on a level playing field, Rod has completed almost twice as many podcast episodes. While this show has over 800,000 listens, Rod's show has ten times that many at over 8 Million! This show has 133 ratings & reviews, Rod's has over 1,100! On just about every level, Rod has managed to blow away all of the competition. Not only that, but Rod is a multiple business owner & philanthropist, has owned over 2000 homes and apartment buildings, and has built over 22 businesses worth tens of millions of dollars. How does he do it? What is the secret to his success. Well I've been lucky enough to become friends with Rod and even joined his Multifamily Boardroom Mastermind Group, and I believe I understand why he excels on every level. And that's partly what we're going to discuss today – what makes Rod tick, what is the secret to his massive success, and how can you take that secret and make it part of your own success. Today, Rod is going to take us through his goal-setting process, share how and why he insists on adding massive value, and discuss how he's pushed past his own self-limiting beliefs. If you're looking for a huge boost to your mindset then this is the episode you want to listen to. Rod is also sharing a $100 discount on his MultiFamily boot camp taking place in Orlando May 1st-3rd. You can access this discount by going to https://rodsbootcamp.com and entering the code "RPOA"

My guest today is the nation's leading Self-Storage Investor and trainer. He has bought, developed, and sold over 4,200 units and over 4 million square feet of commercial and self-storage properties. Of course, I'm talking about Scott Meyers, who's presentation at our 2019 Annual Conference was such a BIG HIT we've decided to bring him back for round two at the 2020 Michigan Landlord & Real Estate Investor Annual Conference & Expo in Grand Rapids, Michigan this February 27th through 29th. Go to www.rpoaonline.org to find out more. At this week's conference Scott will be sharing the latest strategies in Self Storage Investing: How to find undervalued deals where nobody else is looking, How to Convert distressed commercial properties into self-storage, How to evaluate a good market for self-storage, And how to fund those self-storage deals. And in today's episode we'll be talking about ways to mitigate risk in the next recession, why Self-Storage will continue to be a strong asset class, how Scott is raising private equity, the importance of training, coaching, and mentorship, ground-up construction, how Scott invests in multiple states, and the difference new technologies are making in the self-storage industry. There's a lot of great new information in today's conversation with Scott. You can also listen to our previous conversation on Episode #159. And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

You've heard us talk about it, and you've listened to the episodes with our featured speakers from all over the country. Now its time for you to make the commitment to be there at the "Michigan Landlord & Real Estate Investor Annual Conference & Expo of 2020", happening February 27, 28, & 29 right here in Grand Rapids, Michigan. In this special episode, Clay Powell and I discuss all of the fantastic featured speakers, breakout sessions, and opportunities for networking with other like-minded investors and vendors. This is an event you don't want to miss! Go to https://rpoaonline.org/annual-conference/ to register, and we'll look forward to seeing you there!

Today I'm thrilled to have the "Queen of Rehab", Robyn Thompson back on the show. Robyn has renovated and sold over 390 properties. She is the nation's leading expert on buying, renovating and selling homes for huge chunks of cash and has taught thousands of students how to become financially independent. Robyn will also be a featured speaker at the 2020 Michigan Landlord & Real Estate Investor Annual Conference & Expo in Grand Rapids, Michigan this month, February 27th through 29th of 2020. Go to www.rpoaonline.org to find out more. Since our last conversation, Robyn has acquired 15 Vacation Rentals in Branson, Missouri and Florida. Robyn will be sharing how she's integrated her highly successful rehab program into this new buy and hold investment strategy—providing more flexibility for rehabbing for flips or for holds. Robyn will teach you how to map out all of the hurdles, pitfalls and paydays when renovating for profits and building passive wealth! Robyn will also be sharing her wisdom on working with contractors, and building a team of mature adults who can actually get the work done. Robyn recently built a six-bedroom vacation rental property, and we'll be discussing how that process went. You'll also learn how she built up her teams and systems for the Vacation Rental business as well. Robyn is a great speaker and has an incredible amount of wisdom to share. You can also listen to my previous conversation with Robyn on episode #53. And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

My guest today believes that Wholesaling is the simplest, quickest, lowest risk, and lowest hassle way to make money in real estate today. But you have to know the right strategies for finding properties, attracting buyers, and getting to the close. That's why I'm excited to be talking with Vena Jones-Cox, who is also known as 'The Real Estate Goddess'. Vena is a self-described 'Real Estate Geek' who has done it all: landlording, flipping, wholesaling – you name it. Vena does at least 50 real estate deals every year – focusing on finding great deals and then lease-optioning or wholesaling properties to new buyers. She teaches 1,000's of other investors how to do the same. Vena is the past president of the Cincinnati REIA, the Ohio REIA, and the National REIA", and she will be a featured speaker at the 2020 Michigan Landlord & Real Estate Investor Annual Conference & Expo in Grand Rapids, Michigan this February 27th through 29th. Go to www.rpoaonline.org to find out more. Today, Vena will be discussing the mistakes she's seeing Wholesalers make, as well as the bad advice they're receiving that is giving them a bad name. Vena will discuss her Best Practices, and the importance of automating your business with real people who are trained to physically inspect the properties and understand it's true value. Vena will also tell us what happens to Wholesaling when the market slows down, and her economic outlook for the next six years. You can also listen to my previous conversation with Vena on episode #55. And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

So many Real Estate Investors that I talk to are frustrated with today's market. Many properties that are listed by agents are receiving multiple offers and sellers are listing at prices too high to make a decent return on investment. Wouldn't it be nice to know how to find properties for sale that aren't listed anywhere and there's virtually no competition? Tony Youngs is an expert at finding this Hidden Market of Distressed Properties, and he's back on the show today to tell us how to find these Hidden Gems in your own neighborhood. Tony was also a guest on episode #50, and he's also returning to Grand Rapids for the RPOA 2020 Annual Conference & Expo, which is happening February 27-29 at the Devos Place Convention Center. Go to www.rpoaonline.org to find out more. On today's show Tony & I are going to take a deep dive into the conversations he has with sellers, how he approaches them, the phrases and tactics he uses, how he makes his offer, and whether the buyer or seller should be the first to name the price. I know you're going to enjoy this episode because there's a lot of actionable advice from Tony that will provide tremendous value to the success of your next offer.

My guest today has over 35 years of investing experience, and he's personally completed more than 2,000 real estate deals, making hundreds of millions of dollars. He's a dealmaker, teacher, and walks the talk. And today, John Burley will be sharing some of his secrets of how he uses other people's money to do his deals, and how you too, can become an expert in raising private money. John is going to be a featured speaker at the 2020 Michigan Landlord & Real Estate Investor Annual Conference & Expo in Grand Rapids, Michigan next month, February 27th, through 29th. Go to rpoaonline.org to find out more. John will reveal The Secrets of Raising Private Money, and the seven simple steps anyone can follow to get money in your pocket now. You'll learn how to get paid up front, during, and at the end of the deal, and you'll also learn techniques to help you take control of your financial future using real estate! And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"