Rental Property Owner & Real Estate Investor Podcast

This is one of my All-Time Favorite Episodes, and since Halloween is coming up I wanted to Scare our listeners one more time. My apologies to "This American Life" - who's format I shamelessly ripped off!... 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 Dejonge. 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!

Matt Theriault is a Marine Corps Desert Storm Veteran who built a hugely successful career in the Music Business and then watched it all Disappear seemingly overnight. Eventually to the point where Matt found himself bagging groceries for $7 dollars an hour just to survive. It was while working this minimum wage job that Matt received advice from an unlikely mentor that would change his life and allow him to retire young. Matt is now an accomplished Real Estate Investor and Mentor with a cash flowing portfolio of over 100 units that have made him financially independent. Today, you're going to learn what advice Matt's mentor gave him, and how it lead to his first deal where he turned a Single Family Home into a Four-Unit. Matt will also discuss his Wholesaling experiences, the markets he invests in, how he finds good team members and avoids the bad ones, and what he says at REI meetings to attract investors and deals. Matt discusses many creative ways that investors can use to create passive income and I know they will be of great interest to our listeners. Matt is also the host of the "The Epic Real Estate Podcast" and you can contact him through his website https://freerealestateinvestingcourse.com/your-first-deal20025535

Kenny Wolfe started his Multifamily and Apartment portfolio with a 76-Unit deal, and he's built that up to over 2,400 units in multiple markets. Kenny also invests in Triple and Double Net Commercial "Dollar" Stores, and has created a fund to do Hard Money Loans. Kenny is the President of Wolfe Investments, and today he shares his wealth of experience and information as we discuss how he was able to build his portfolio remotely, how he had to fire several management companies along the way, and the value-add strategies he employed to increase the value of his properties. We also discuss his recent acquisition of a property management company and how he's using it to position himself for the next market downturn. Kenny also talks about the systems and software he's employed in his business, the strategy behind investing in NN and NNN Commercial Dollar Stores, and the trouble he's been noticing in the Hard Money Lending space. I know you're going to get a lot of great information from this episode. Kenny is also the author of "Investing In The Dream: How to Acquire Multi-Family Real Estate and Attain Total Financial Freedom" available at amazon.com, and you can contact him through his website: http://wolfe-investments.com/

If you own and manage rental property, then keeping track of your income and expenses is something you've had to deal with. And having the right systems and software in place can help you make more money, save time, and ultimately achieve a higher value when it comes time to sell. Today we're going to talk about what you should look for in accounting software, the information you should be tracking, and how you should set up your books for proper accounting and tax purposes. Steve Bjorkman is the CEO and Founder of Rental Hero, a simple and easy-to-use rental accounting software built for rental owners and landlords. Steve and I discuss the pro's and con's of using excel and quickbooks, why you should always have a separate business account for your rental, the value of hiring a CPA, how to set up your books and categorize income and expenses, and how to keep track of your receipts. Keeping track of your income and expenses is just as important as taking care of your property. Those who get it right are better positioned to make higher profits. Steve shares a lot of excellent tips and best practices in this episode that will help you do just that. You can find out more about Steve and Rental Hero by going to https://www.rentalhero.io Plus, Rental Hero offers an RPOA discount to members - Enjoy!

Scott Pollmann read the Purple Book, played the Cash Flow Board Game, paid for the Rich Dad Training, and set off to buy his first Real Estate Investment. Most people would start with a Single Family or Duplex, but Scott managed to find, negotiate and acquire a 16-unit for his first deal. Today Scott tells us how he made this happen and the lessons he's learned along the way. We'll talk about the value of the training he paid for, how it helped him pinpoint his offer price on the 16-unit, and how it prepared him to add value once he closed. Scott is also a High School Science teacher and has begun sharing his knowledge of Real Estate Investing with his students. He's also learning from them. One of his students used Robert Kiyosaki's lessons to invest in pigs! Scott also has a strong belief in the value of mentoring and the changes it can bring into people's lives. This is a great episode for new and experienced investors to enjoy. You can contact Scott by email: Scott@10talentsllc.com I'd also like to ask for a favor - please go to itunes and give us a 5-star rating & review. This will help drive more listeners to the show. Thanks!

The "BRRR" strategy works great for many investors. Buy it, Rehab it, Rent it out, and Refinance (BRRR) can be a great way to build your portfolio and build cash flow. But sooner or later, many of us realize that this is a very slow way to become financially independent. Chandler Spence reached this Pivot Point while investing in Single Family Rentals in Nashville, Indianapolis, Baltimore, and Chicago. That's what led him to look into investing in airbnb properties, starting with renting out his own basement. Today we discuss Chandler's ability to build teams remotely, the red flags to look for with your rehab team, and why you should always check out the property before you buy. We'll also discuss his experience with airbnb investing: how he's automated his business, the technology and tools that simplify the process, and the new frontiers in airbnb investing he sees happening around the country. There's a ton of great information in this episode. You can get in touch with Chandler through email or his website: chandler@spencelegacy.com https://www.spencelegacyholdings.com/contact

By the time you listen to this episode, Justin Richards and Aaron Lenartz will have closed on a 144-unit Class C Apartment Building in Memphis Tennessee. And they'll have raised $1.3 Million from investors to do so. I thought it would be interesting to sit down & talk with them about what they went through to find, inspect, and acquire this property while its fresh in their minds. What you're about to hear is the nuts & bolts process from two investors and syndicators who have learned a great deal from the experience of closing their first large apartment syndication. We'll talk about the importance of broker relationships, Best & Final offers, what it means to be a lifestyle investor, working with attorneys, and securing a bridge loan to complete necessary repairs. You'll also learn how Justin and Aaron were able to be taken seriously as investors even though they'd never closed a deal this large. They also share the process they went through to raise $1.3 Million from qualified investors, as well as the amount of their own money they had to put up along the way. Justin and Aaron host a meetup group every third Wednesday of the month at the Buffalo Wild Wings in Wyoming, MI on 44th Street. Their next meetup is this Wednesday, September 19th, 2018 at 5:45. You can find out more information by going to https://www.meetup.com/Think-Multifamily-Real-Estate-Investing/events/253982654/ And you can contact Justin and Aaron through their website: https://www.greysoncapitalgroup.com/ Enjoy!

Like many of us, Daniel Breslin started investing in real estate after reading "Rich Dad, Poor Dad". The only difference is that he read it while serving time in prison. Daniel was able to scrape together $5,000 to do his first deal, and 12 years later he's now the Founder & President of Diamond Equity Investments, a real estate investment company specializing in Fix & Flips and Wholesaling. Daniel talks about the first deal he did after getting out of jail and how it changed his life, his philosophy on the Velocity of Money and how he likes to get in & out of a deal as quickly as possible, how he funds his deals and vets his partners, techniques on negotiating for the best sales price, tips on marketing to find good leads, and the historical biographies that inspire him. Theres a lot of great info packed into this episode that I know you're going to enjoy. Daniel is also the author of the book "Become a Wholesale Real Estate Master: Buy & Sell Houses With No Money Down" and he can be contacted through his website: www.REIDiamonds.com

Gino Barbaro is an experienced investor in multifamily and apartments with over 900 units under his control, and he's built that portfolio without syndicating through his Refi & Roll strategy. Today Gino is going to share his unique perspective with us on many areas of investing and life skills: multi-faceted multifamily and creating multiple streams of income, how Life Coaching helped get him to where he wanted to be, the challenges he faced in building his portfolio, and the partnership that accelerated his success. Gino is also the co-host of the "Jake & Gino Wheelbarrow Profits Podcast", and the co-author of "Wheelbarrow Profits: How to Create Passive Income, Build Wealth, and Take Control of your Destiny Through Multifamily Real Estate Investing". Gino is a super successful and motivated investor with a lot of experience and helpful techniques. I know you're going to enjoy this conversation as much as I did. You can contact Gino through email or his website: Gino@jakeandgino.com https://jakeandgino.com/

Five years ago I transitioned from being a full-time employee investing in Real Estate on the side, to being a full-time Real Estate Investor and Syndicator. My greatest consideration before doing so was finding Affordable Health Care coverage for myself and my family. Any investor who has dreamed of quitting their job and investing in Real Estate full time must consider this. Health care costs can be one of the largest line item expenses for any business. But understanding your options and plans available can be confusing and frustrating. So I thought it would be helpful to bring in my health insurance broker, Chad Creasey from RCB & Associates, to break it all down for us: What options are available to real estate investors, what are the pitfalls of choosing your own insurance, how to project whether you'll qualify for Obamacare subsidies, and who you can turn to for help. Open enrollment season is also coming up starting November 1st and running through December 15th. If you're going through a change in employment and need advice on finding your own health insurance, then you definitely need to have someone like Chad on your team. Best of all, when you go through an agent or broker for health insurance, there is no additional cost to you. I'd also like to welcome Chad and RCB & Associates as new sponsors to this show. They're a strong supporter of the RPOA and I've been benefiting from Chad's advice for the past five years. Chad can be reached by cell, email, or his website: 616-822-9286 ccreasey@rcbassociatesllc.com https://www.rcbassociatesllc.com/