A Tenant Remodel Without Permission? (Podcast #334)
16 min

Podcast Host, Andrew Schultz, goes over how to manage tenants who remodel your rental property without your permission. Are they allowed to do so and do you have to pay for the property renovation?

Also in this episode, we’ll discuss an ongoing email scam that landlords should be made aware of. Plus, we’ll chat about tenants who refuse to sign a lease until specific repairs are made.

Apartment Building Investing with Michael Blank Podcast
Apartment Building Investing with Michael Blank Podcast
Michael Blank
MB 242: The Systems to Scale Your Syndication Business – With Jorge Abreu
What is the key to scaling a real estate investing business? Growing your investor database? Raising more and more capital for deals? Putting together and training a capable team? Yes, all of those things are absolutely necessary. And they all require that you build out systems. Systems that allow the business to run on its own. Jorge Abreu is the Cofounder and CEO of Elevate Commercial Investment Group, a Dallas real estate firm focused on the acquisition of value-add multifamily assets. In his 15-year career, Jorge has flipped 200-plus houses, wholesaled another 100 properties and done $8M in ground-up construction. Since his introduction to multifamily four years ago, Jorge has built a portfolio of 1,700 units worth $125M. On this episode of Apartment Building Investing, Jorge joins cohost Garrett Lynch and I to share the challenges of scaling a single family investing business and discuss what inspired his transition to apartment buildings. He weighs in on the value of networking (online and in-person) to forge new partnerships and build a solid team. Listen in for insight on building systems to grow your business and learn why Jorge recommends skipping single family and getting right into multifamily investing! Key Takeaways What inspired Jorge’s interest in real estate * Research of successful individuals * Entrepreneurial role models in family The challenges of scaling a single family business * Difficult to find reliable contractor for flips * Creating systems to delegate work How Jorge started over in Dallas after 2008 * Network every day, go to every event * Build team and find partnerships The value of finding a good partnership * Division of roles affords time freedom * One partner as visionary, one as executor The benefits of multifamily investing * Build generational wealth * Branch out into other companies How Jorge attracts and retains team members * Make sure everyone happy * Check in re: expectations When to bring property management in house * Implement own systems (control) * More appropriate with scale Why Jorge runs his own construction company * Helped scale single family business * Confident taking on any heavy lift Jorge’s insight on raising capital for multifamily * Invest passively to get feel for business * Market to build database of investors What Jorge does to market his syndications * Build platform, daily posts on social * Funnel with email marketing follow up How Jorge manages his investor lists * Speak to new investors asap * Strategic messaging to match goals What’s next for Jorge and the Elevate team * Explore new partnerships * Fine tune system for evaluating deals What Jorge would tell his younger self * Build out systems early on * Go straight to large multifamily Connect with Jorge Abreu Elevate Commercial Investment Group Email jorge@elevatecig.com Resources Join the Nighthawk Equity Investor Club Learn More About Michael’s Mentoring Program Garrett at Nighthawk Equity National Real Estate Investors Association Traction: Get a Grip on Your Business by Gino Wickman ActiveCampaign Deal Maker Live The Deal Maker’s Mastermind Podcast Show Notes Michael’s Website Michael on Facebook Michael on Instagram Michael on YouTube Apartment Investor Network Facebook Group
43 min
Jake and Gino Podcast
Jake and Gino Podcast
Jake & Gino
MNS - From the Sidelines Making it Happen with Chris Petrakis
In this episode of Movers & Shakers Josh & Gino interview Chris Petrakis. Topics touched on include: * How having skin in the game gave Chris the push needed to do his first deal * Why Chris is doing multifamily after successful career * Chris covers how he shifted from working hard for his money to having his money having work hard for him * How Chris was able to go from educating and kicking tires to implementing and getting results. Chris’s Bio: Chris Petrakis is originally from Gulf Breeze, Florida but currently resides in Birmingham, Michigan with his beautiful wife and two young daughters. After graduating with a degree in Marketing from Lipscomb University, Chris began his 22-year career in Medical Sales; currently, he is an Aortic Field Sales Associate specializing in Endovascular Aortic Aneurysm repair working with Vascular and Cardiothoracic Surgeons for W. L. Gore & Associates. Chris started his real estate investing career in 2002 when he bought his first of five rental properties in the Virginia Beach area. In the meantime, several corporate relocations for career advancement opportunities took him to Baltimore, Boston, Washington, DC and finally to the suburbs of Detroit, where they moved to August of 2019. Moving to his wife’s hometown has surprisingly given Chris the chance to make a leap of faith by committing to multifamily investing. In December of 2019, four months after moving to Michigan, Chris decided to join the Jake and Gino community. It turns out that joining the group was the push he needed to begin his new venture in larger real estate investments. Two months after joining the Jake and Gino community, Chris closed on a value-add Quality Inn and Suites Hotel in February 2020. Currently, he has his first 8-unit MF deal under contract in his home market of Birmingham, Michigan. In addition to real estate investing, Chris and some of his business partners recently opened a speakeasy-style bar in the downtown Main Street section of Plymouth, MI, and he is also a part owner of the restaurant above the bar, Greek Islands Eatery, a family-owned operation. While he’s willing to entertain most any investment opportunity that comes his way, Chris believes he has found his passion in Multifamily Real Estate.
29 min
The Remote Real Estate Investor
The Remote Real Estate Investor
Roofstock
Timeless Time Management Tips for Busy Professionals Getting Into Real Estate
Investing in real estate remotely can be intimidating when you are juggling a full time job, family and the host of responsibilities life throws at you. In this episode we give you 4 tips to make sure you get everything done and stay on track. --- Transcript Michael: Hey everybody, and welcome to another episode of The Remote Real Estate Investor. My name is Michael Albaum and today I'm joined by my co hosts, Tom: Tom Schneider, Emil: and Emil Shour Pierre: and Pierre Carrillo Michael: And today we're going to be talking about time management, something that's really important for most people, but especially important for those of us that are investing at a distance remotely, we're gonna be talking about some really practical things you can implement into your daily routine as an investor to help you manage some time. So let's get into it. Alright, guys, so we all know that time… Emil: Hold on, hold on, hold on, we got a special guest on this episode, I feel like he deserves a very, very warm welcome and introduction to our listeners. Michael: Pierre? Pierre: Hey, what's up? Michael: Can you give our listeners a little bit of background on who you are you pepper in some really great commentary in some of the episodes. But now you're going to be a full fledged host on this episode. Who are you? Pierre: Yeah, I've been lurking in the corners since the beginning here, typing in when something's relevant. But yeah, I'm the producer on the show. And just starting out in the real estate game with my brother currently. So I don't speak much because I don't have much experience in this space. But I'm just learning from you guys. And excited to get in on this stuff. Michael: Right on, we're stoked to have you. Tom: Fantastic, and a great episode to jump in on time management being juggling, like 10 different jobs with the podcast and Academy and getting your real estate investing stuff going like, yeah, excited to have your input on this episode. Pierre: Well, thanks. I need some of it too, because I have a weekly meeting with my brother. And we're always like, how do we use our time to really move this project forward? Because it's easy to just get stuck? Oh, let's analyze properties. Let's dive into this. But I think this is really going to be helpful. I'm going to definitely link my brother to this episode afterwards. Tom: That's like the theme of the hosts is what is it self serving. Pierre: Self serving? Tom: Selfish like, bring on guests we want to learn from… Pierre: Get your free consultation. Tom: Exactly. Michael: Love it. Awesome. So as we all know, life is very time consuming. And especially for those of us that have a nine to five or that are working day jobs, and then piling on kids and family responsibilities, and then adding on this layer of real estate investing. And for those who who are just learning that can feel like it's really time consuming. So we're going to walk through some strategies today that a lot of us have used personally, and so we can add some commentary into how it's been going. what's worked well, what hasn't worked well. But so we're gonna break this down in a couple different chunks. So, Emil, do you want to kick us off with the first strategy that folks can use to help manage some of their time? Emil: Yeah, I'd love to. So I've actually tried a lot of the other things that we've outlined in our doc here that we're going to go over. But the thing that has really stood the test of time for me has been planning out my days in advance. And the biggest actual, like action item from that is putting things in my calendar. So I find that whatever I need to get done that day, if it makes its way onto my calendar, I have a much, much higher likelihood of getting it done, than if it's just kind of floating around on a to do list or floating around in my brain. So it's like some psychological thing where I've put on the calendar, I have this accountability to myself, it's sitting right in front of me that notification comes up. So for me that's like, what I found to be one of the most helpful things and actually blocking things, setting aside a specific time to get them done. And getting them done. I think you can do there's a lot of stuff, I don't think it's just work, I think it can be, you know, in the context of real estate investing, if it's 30 minutes in your morning, right at 7:30am. Before you start work, whatever it is, to review properties or to read a real estate book, or a course you're in or whatever it is, whatever that action item for you is to keep progressing in your real estate investing, just blocking out that small chunk of time every day, I think is one of the best things I've found in terms of time management. Michael: So Emil, I've got a question for you because it's something that I know you and I have talked about in the past and I've been trying to get better at how far in advance do you set the time block? Or do you schedule your day? Is it a day before? Is it day of the week out? Emil: I used to be really good about like day before and I've slipped a little bit i think you know, as this is a bad excuse, but as more responsibility piles on I think it's like easier for those. It's just a habit I don't have anymore so I usually wake up I have my to do list. I'm like, What are the things I need to get done today? And then I'm usually just blocking them off throughout the day. But there's certain things and we're going to talk about it later than I've actually just become habits right like the first 30 minutes This is what I'm doing in the day. I don't even need a time block it. It's like those things that are happening every day become a habit versus a time block for me. Tom: Oh, do you set like recurring schedule? Or do you know when you're setting those time blocks any advice in the way that you're setting up? Emil: Yeah, so it's usually okay let's say I'm tackling things from my day, right? I need to whatever have some marketing campaign I need to get out the door that day. It's usually just like I'm blocking off Whatever chunk of time and I actually, I don't like to give myself gonna realistically take an hour, I'll just block off, usually try to block off 30 minutes, I've noticed that the longer the timeframe that that thing is blocked, you kind of just expand the time that it takes to get it done. So I like to keep things in like in small blocks, as well as one thing I found useful. Michael: Is that a humble brag for that you're really efficient. Emil No, a lot of times it goes over, but at least I'm like, it has a name. But like, whatever time you give yourself, you expand that fast. Yeah, whatever to just fill that time. There's plenty of times where I go past it. It's just I think more helpful to try to, I don't know, put less time than you think it'll take. And then if you need more, it's all good. Michael: Yeah, that makes total sense. All right, we move on. We want to tackle anything else. Emil: Yeah, that was it for me in terms of my biggest time management tool. Michael: Awesome. So moving on here, Pierre, you had this really killer name for what you're going to be talking to us about? You wanna jump in here? Pierre: Sure, yeah, I'm not going to be super innovative here. But it's just something that I find that works really well for me, and kind of every level of planning, say, like life goals or specific projects, but it's reverse chronology. It's where you identify what your end goal is going to look like, and then make a schedule working backwards from there. I feel like a lot of our strategies would overlap quite a bit. So I would use a meal strategy as well, to implement this reverse chronology. Say I have a project due by the end of the year, I know all the tasks that need to be done to make that project happen. So I'm going to plug in those time slots on my calendar to make sure that I have the time allocated properly…
41 min
Real Estate & Financial Independence Podcast
Real Estate & Financial Independence Podcast
Chad Coach Carson
#142 - How Two Friends Used a Partnership to Successfully Begin Investing in Real Estate
Episode #142 - Two friends, Cory Jacobson and Ryan Bevilacqua, decided to partner up to invest in real estate. In this episode, they share why they partnered up, how they divide tasks, and what steps they plan to take so that the partnership will last. If you've ever considered partnering to invest in real estate, this will be a great episode. Companion article: https://www.coachcarson.com/partnership-real-estate-investing/ Follow the Ryan & Cory of the Weekly Juice Podcast: - https://theweeklyjuice.simplecast.com/ - https://www.instagram.com/weeklyjuicepod/ 🤑BLACK FRIDAY / CYBER MONDAY SALE👨‍🏫 Get all of my available online courses for 40% OFF from Black Friday (11/27) to Cyber Monday (11/23/20). Use code "SALE2020" at checkout for the discount at https://www.coachcarson.com/courses-podcast __________ 🎧SUBSCRIBE to the podcast for more episodes about how to achieve financial independence and do what matters using real estate investing! https://coachcarson.com/podcast ---------------- ▶️WATCH my YouTube channel - Coach Carson TV - for tutorials, tips, strategies, and interviews https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1 ---------------- 📋 GET MY FREE REAL ESTATE INVESTOR TOOLKIT https://coachcarson.com/reitoolkit ---------------- FOLLOW ME ON INSTAGRAM 📸 https://www.instagram.com/coachcarson1/ ---------------- READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook ---------------- 👋👋 SAY HI ON SOCIAL https://www.facebook.com/coachchadcarson/ https://twitter.com/CoachChadCarson
1 hr 6 min
Master Passive Income Real Estate Investing in Rental Property
Master Passive Income Real Estate Investing in Rental Property
Dustin Heiner
Pay Yourself First to Be Wealthy and Rich
I was living Just Over Broke before I found out that I needed to pay yourself first. When you do this, you are getting ready to be wealthy and rich. By paying yourself first, you will be able to save more money than you ever thought possible. This is how I became wealthy by paying yourself first. FREE Real Estate Investing Course: https://masterpassiveincome.com/freecourse // WHAT TO WATCH NEXT Best Places to Invest: https://youtu.be/g3b4FuQkL78 How to Become Successfully Unemployed: https://youtu.be/wx5Ke9KVs58 Get Money For Investing in Real Estate: https://youtu.be/u4IY5UMDkrI How to Start Investing In Real Estate: https://youtu.be/fJVOeSgXZRQ How to Analyze a Real Estate Investing Deal in 5 Seconds: https://youtu.be/SqA1HcAW4EI How to Set Up Your LLC for Your Business: https://youtu.be/B9RzLkAZI9s How to Use Owner Financing to Make Loads of Money: https://youtu.be/qAOpCOWvj6Q //BEST REAL ESTATE INVESTING RESOURCE LINKS Free Property Get Business Funding https://masterpassiveincome.com/fundandgrow Great High Interest Savings Account: https://masterpassiveincome.com/cit Accurate Rental Rates: https://masterpassiveincome.com/rentometer Self Directed IRA for Real Estate Investing: https://masterpassiveincome.com/rocketdollar Learn more about Dustin and find resources to build an automatic real estate investing business: https://masterpassiveincome.com Join our free private Facebook group! https://masterpassiveincome.com/group #realestateinvesting NOTE: This description may contains affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support!
18 min
Get Rich Education
Get Rich Education
Keith Weinhold
321: Booming Home Price Appreciation and Record Prices
A crystal ball prediction for the housing market does not exist. The best measure may be the forward-looking Homebuilder Confidence Index. It just hit an all-time high for optimism. Interest rate direction has little to do with housing prices. But it helps. Real estate is not an asset. Real estate derivatives are assets, whether it be a mortgage or a lease. Gregg Cohen of JWB Real Estate Capital joins us. He’s a longtime provider of new construction turnkey rental property in Jacksonville, FL. See their properties at: CashFlowAndGrowth.com We discuss how appreciation makes long-term real estate investors more money than cash flow, amortization, tax benefits or inflation-profiting. Resources mentioned: Jacksonville new turnkey property: CashFlowAndGrowth.com Suburban Rents Rise: https://www.realtor.com/news/real-estate-news/race-for-space-pushing-up-suburban-rents/ Show Notes: www.GetRichEducation.com/321 CNBC on home price rise: https://www.cnbc.com/video/2020/11/13/rise-in-home-prices -will-be-tremendous-for-builders-analyst.html Mortgage Loans: RidgeLendingGroup.com EQRPs: text “EQRP” in ALL CAPS to 72000 or: eQRP.co By texting “EQRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: CashFlowAndGrowth.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold
43 min
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