Women Invest in Real Estate

Hello everyone, welcome back to another episode of the podcast. This week we are joined by the inspiring Ashley Gallacher. Ashley joined us for one of our first WIIRE episodes and we are thrilled to have her join us again to share all the deets on a massive project she has been working on over the past few years. We are so excited to hear all about this project and have her share it with you and it’s a great reminder that no REI dream is too big!Ashley recently finished her first construction project, a 20-unit apartment building, that she built from the ground up (what?!?)! This multi-family development project houses 16 midterm (furnished) rental units and 4 long-term (unfurnished) rental units. She has learned so much about herself and exactly what she is capable of and is sharing all of that with you in this episode, so get ready to feel *inspired*!A few pieces of advice Ashley shares in this episode are:Learn how to be patientEducate yourself as much as possibleKnow that you don’t need to know everythingBe a forever learnerUntil next time!   Resources:Find Ashley on InstagramRegister for our FREE Midterm Rentals WebinarLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private WIIRE Facebook CommunityConnect with us on Instagram

Hello everyone, welcome back to another WIIRE podcast episode! This week we’re sharing our three best tips for increasing cash flow on your REI properties. These tips are applicable whether you are a newbie investor or you have a full portfolio. Let’s get started!The three cash flow boosting tips we are digging into in this episode are:Adding amenitiesAdapting your rental strategySelf-managing your rentalsShare with us what cash flow boosting strategies you’ve implemented with us over on Instagram so we can share your successes and brag on you a bit!Until next week, friends!   Resources:Register for our FREE Midterm Rentals WebinarGet the deets on Amelia’s STR PropertyBe the first to know when registration opens for our next retreatLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hello everyone! This week on the podcast we are excited to welcome Katie Newman. We are so excited for her to share her story with you all about how she turned her primary residence into a booked-out MTR property! She is sharing her best tips on getting started and since she spent many years as a nurse herself she, knows exactly what travel nurses look for in a rental property.We met Katie at our retreat in Gatlinburg, where she was looking to connect with other like-minded female investors, ready to step outside of their comfort zone and into the world of real estate investing, specifically in midterm rentals. Katie spent several years in the Navy and as a nurse and knows exactly what nurses are looking for in a cozy rental space and is so open about her inspiring and relatable journey - we know you will love her story.Katie says,“If I’m going to make a giant leap here, I have to make a giant leap elsewhere too.”One last tip Katie shares with us in this episode is to simply have the courage to take one single action step, every day.You can find out more about what Katie is up to and connect with her over on Instagram.See you next week, friends!   Resources:Check out what Katie is up to on InstagramUse Hospitable for your REI bizBe the first to know when registration opens for our next retreatLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private WIIRE Facebook CommunityConnect with us on Instagram

Hello everyone, thanks for tuning in this week! In last week’s episode we chatted about managing MTR turnovers and this week we are going to be talking about managing MTR guest experiences. Ensuring that each of your guests has a great experience is key to keeping your MTR property fully booked out.In this WIIRE episode, you’ll be hearing how to make your guest experience positive from the time they send their initial inquiry until they leave you a raving review after move-out!Some of our best tips we’ll be diving into include:Why you must be quick to respond to inquiriesHow to mitigate questions in your MTR listingWays to make the barrier to entry lowWhat you should do just before, during, and just after, a new tenant moves inItems you can provide to guests to make them feel welcome and answer questions before they askHow to prepare your guests for move-out and why you should ask for that review!One of the biggest takeaways from this episode is to look at your property listing from the POV of someone who is looking to rent their first MTR property. Ask yourself: ‘What kind of questions will I have?’ and ‘Do the photos or descriptions provide ALL of those answers?’We would love to hear how you provide your MTR guests top-notch experiences. Please DM us on Instagram and share with us how you make your MTR property stand out.Take care, friends!   Resources:Use Hospitable for your REI bizCheckout TenantCloudBe the first to know when registration opens for our next retreatLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hello everyone. This week we’re sharing with you our best tips for managing midterm rental turnovers. We will be covering exactly how we know a turnover is coming up, our favorite ways to keep tabs on the turnover process, and some of the things we’ve learned to do better when managing our MTR turnovers.Hospitable is our favorite resource for all of the must-do’s we capture in this episode. We set up alerts to go to both ourselves as well as our cleaner to notify each of us of an upcoming move-out and it contains a detailed list of reminders of ‘what needs to be done’ upon tenant move-out.While this particular topic may not seem all that interesting, remember that you can lose a lot of money on turnovers if they’re not done right. This can be the case whether you have a property manager or cleaner handle the move-out process for you, or if you take it on yourself, so make sure your process for midterm rental tenant move-outs is spick-and-span so no stone is left unturned.What are some things you include in your move-out process, or what have you added to your process, that you hadn’t thought of before? DM us on Instagram and let us know!Until next week, take care friends!   Resources:Use Hospitable for your REI bizCheckout TenantCloudCheckout Episode 34 for a full list of tools we recommend for MTRsBe the first to know when registration opens for our next retreatLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private WIIRE Facebook CommunityConnect with us on Instagram

Hello friends! This week we are excited to welcome Soli Cayetano to the podcast and hear her share her expertise with all things out-of-state investing. We’re chatting about how she got started in out-of-state investing, how she strategically chose her markets, and also sharing some exciting information on the Out of State Investing Summit, happening September 20-21!Around the age of 22, Soli decided she wanted to start investing in real estate but she quickly realized that real estate prices around her in the Bay area (California) were simply too high for her to be comfortable investing with. So she quickly did her research and began looking out of state for investment opportunities, and eventually landed on several amazing markets that she currently invests in: Cincinnati, Ohio, Augusta, GA, and Aiken, SC…all of which are 2,500+ miles away from her!Something we talk about a lot on the podcast is how not doing the things that aren’t in your zone of genius yourself, can be great opportunities to outsource, or partner, with someone who thrives on doing those things. That is exactly what Soli does. She relies on partnerships for things such as construction and boots-on-the-ground project management, so she can focus on the things she thrives doing, such as raising capital for deals, working on investor relations, and asset management for her company.“I think you learn a lot from failures; way more so than you do from successes.”Soli is an incredible entrepreneur and has amazing insight on out-of-state investing and is SO excited to share it with all of her followers (you included!) at her free Out of State Investing Summit (make sure to select Grace Gudenkauf when you register!).Some of the guest speakers you’ll be hearing from are:Sarah WeaverZasha SmithPace MorbyTarek El MoussaMake sure to grab your tickets for the Summit happening September 20-21, 2023, and head over to Instagram to see what else Soli has coming down the pipeline.That’s all for this week. Take care, friends!  Resources:Follow Soli on InstagramGet all of the deets on Soli’s expertise on her websiteJoin the Out of State Investor AcademyLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private WIIRE Facebook CommunityConnect with us on Instagram

Hello everyone, welcome back to another WIIRE episode. In this week’s podcast episode, we are taking a deep dive into securing private money for real estate deals. We will be detailing exactly what it means to use private money for a deal, examining an equity partnership vs. private money, chatting about the risks and rewards, and sharing a few of our own real-life examples.In short, private money is a loan, and typically, when people think about partnering there are two ways: private money and equity partnerships. 5 Steps to Securing Private MoneyBuild your credibility with your lendersFind potential lendersPitch your dealSecure the documentsPaying back your private money lender A few of our favorite things about using private money are:You can make your own rules when it comes to qualifying a lender or buyerThey are quicker with little/less paperworkIt usually comes from someone you are acquainted with (friend, family member, etc.) but not from a companyIt is a direct loan to you and your business from another person, not an institutionIt is a unique way of helping someone else grow their wealth, while you grow yours Some of the risks we like to point out when it comes to using private money are:Some private money lenders charge points (1% of the loan)As the lender, don’t receive any tax benefitsYou need to be mindful of the entire process because you are using someone else’s money, and you should take better care of their money than you would your own Our inbox is packed full of questions about private money lending, so we hope this will give you some great insight into getting started and using private money in the best way to propel your business forward.That’s all we have for you this week. Take care, friends!   Resources:Get started with MTR Profit AcademyGrab your copy of Raising Private CapitalBe the first to know when registration opens for our next retreatLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hello everyone, welcome back to the WIIRE podcast! This week is the final episode in our three-part mini-series featuring Jae Morales. In this episode, we are diving into growing your team. We will be touching on things such as who your first hire should be and where to find those people. Let’s get started! A quick recap on Jae and her biz…Jae is an REI investor who joined us at our Charlotte retreat, and loves to focus her energy on helping others work on their business, instead of in their business and is a boss at all things SOPs.Listen to the first two episodes of the mini-series:Episode 57Episode 58 What we talk about in this episode:When you should start growing your teamWho you should have on your team right away (if you don’t already)How to find people that fit your needs These tips on growing your team are applicable whether you are just getting ready to hire your first position, or have a seasoned team and looking to grow it.Have a question you’d like to ask or a topic you’d like to hear us talk about on an upcoming podcast episode? DM us on Instagram and let us know!Thank you for tuning in. Until next week, take care friends!   Resources:Listen to part one (Episode 57) and part two (Episode 58)Get the deets on The WIIRE BookkeeperConnect with Jae on InstagramCheck out Jae’s SOP BootcampCheck out all of Jae and Mike’s offerings on their websiteBe the first to know when registration opens for our next retreatLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Welcome back to episode two of our three-part mini-series with Jae Morales. In this episode, we’re sharing 3 CEO activities you should be doing every month for your business to keep things running smoothly and make sure you set yourself up for success.  A quick recap on Jae and her biz…Jae is an REI investor who joined us at our Charlotte retreat, and loves to focus her energy on helping others work on their business, instead of in their business and is a boss at all things SOPs.If you haven’t already, make sure to listen to our first sit-down with Jae in episode 57. 3 CEO Activities You Should Be Doing Every MonthReview your monthly financial reportsConduct performance and quality reviews (for yourself + any employees or contractors)Goal setting + future planningOftentimes, we see people forget to treat their rest estate investing business like a legitimate business and this is super important to do even if you only have a single property in your portfolio.See what Jae is up to now by following her over on Instagram and make sure to tune in next week for the final episode in this three-part mini-series!Take care, friends!   Resources:Listen to Episode 57Connect with Jae on InstagramCheck out Jae’s SOP BootcampCheck out all of Jae and Mike’s offerings on their websiteBe the first to know when registration opens for our next retreatLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hello friends, welcome back to another episode of the podcast! This week we are so excited to share part one of our three-part miniseries, featuring Jae Morales. Jae is an REI investor who recently joined us at our Charlotte retreat, and loves to focus her energy on helping others work on their business, instead of in their business and is a boss at all things SOPs.Jae and her husband are creative financing investors specializing in rent-to-own properties in their local area of Philadelphia, PA, and other areas in Pennsylvania. After they purchased their first investment property they decided they needed more money to work with and discovered the magic of creative financing. But what Jae really loves is working on the back end of the business and building out strategic SOPs that help propel her business forward.What is an SOP & what does it do for a business?SOP, short for Standard Operating Procedure(s), is a step-by-step guide on how to do either a process or task consistently, the same way, so nothing is missed. Having SOPs in place especially helps when you finally decide you are ready to hire someone to make sure everything is done the correct way (the way you would do it yourself), with checkpoints along the way, that help to keep things consistent throughout the business.Before she became an investor, Jae was a real estate paralegal. She and her husband started working in REI during Covid and when their jobs told them it was time to come back into the office they made the pivot to working in real estate full-time.SOPs are her bread and butter and truly helped them to scale their business super quickly, but Jae actually has 3 businesses: wholesaling, SOP coaching, and self-managing their own investment properties.Jae firmly believes that having SOPs helps you treat wholesaling like a business.If you want to connect with Jae you can follow or DM her on Instagram.Make sure you tune in next week for part two of the miniseries. Until then, take care friends!  Resources:Connect with Jae on InstagramCheck out Jae’s SOP BootcampCheck out all of Jae and Mike’s offerings on their websiteLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram