Selling Rental Property During COVID-19 (Podcast #335)
17 min

Podcast Host and Property Manager, Andrew Schultz, goes into detail about tenants who refuse to sign a release form to show and sell your rental property.

Plus, the best tips on how to handle tenants with little to no credit history, and a heartwarming story of a tenant who painted a mural for a landlord as a thank you.

Apartment Building Investing with Michael Blank Podcast
Apartment Building Investing with Michael Blank Podcast
Michael Blank
MB 241: What to Say to Potential Multifamily Investors – With David Kamara
What is the best way to approach the conversation with potential multifamily investors? How do you communicate the benefits of investing in apartment buildings over other asset classes and assure them that their money is safe with you—even if you’re new to the space? David Kamara is the Founder and Managing Director of Cape Sierra Capital, a multifamily syndication firm out of Ann Arbor, Michigan. He has 15 years of investing experience in the real estate space, getting his start with a portfolio of residential single family and duplex units before transitioning to apartment buildings and townhome communities. Today, David owns 200-plus units and serves as a mentor on the Michael Blank team. On this episode of Apartment Building Investing, David joins cohost Drew Whitson and I to explain how he coaches his mentoring students to approach the conversation with potential investors, describing how multifamily isn’t subject to the same risks as single family rentals. He weighs in on what helps aspiring syndicators believe in their ability to succeed, exploring how knowledge helps us visualize what’s possible but action is key in making it real. Listen in for David’s insight on getting your priorities straight and learn how underwriting to cashflow makes multifamily a good investment no matter what’s going on in the world. Key Takeaways What David’s been up to since his last appearance * Find competitive deals with good return for investors * Develop personal cashflow formula (free eBook) * Share knowledge through platform, mentoring What helps aspiring multifamily investors believe it’s possible * Knowledge (i.e.: understanding of loans, taxes) * Personality open to learning new things How COVID changed the way David talks to investors * Proactive in reaching out to investors * Open about potential for no distributions How COVID has impacted David’s underwriting * Assume minimal rent increases for next 3 years * Take on longer, fixed-rate debt (HUD loans) * Prepare investors for longer hold periods David’s advice around market timing * Don’t worry about things can’t control * Plan for same cap rate at sale, focus on cashflow * Choose markets with job diversity How David coaches his students on talking to investors * Explain cash-on-cash return and appreciation * In control of both factors with multifamily Why David invested in the Platform Builder Incubator * Eventually run out of investors as business scales * Attract high-income earners, serve more people * Accelerate growth (program tailored to syndicators) David’s plan to produce content consistently * Write blogs on common questions * Considering podcast as medium David’s advice for aspiring multifamily syndicators * You have to start (buy something) * Prioritize what’s important in life * Hustle to find deals Connect with David Kamara Cape Sierra Capital David’s Free eBook: Personal Cashflow Formula Resources Learn More About Michael’s Mentoring Program Register for Michael’s Platform Builder Incubator Join the Nighthawk Equity Investor Club David Karmara on Apartment Building Investing EP182 HUD Loans HubSpot Michael’s Health Crisis on Apartment Building Investing EP230 LoopNet Realtor.com Podcast Show Notes Michael’s Website Michael on Facebook Michael on Instagram Michael on YouTube Apartment Investor Network Facebook Group
42 min
Exactly How - Real Estate Investing
Exactly How - Real Estate Investing
Connected Investors | Real Estate
Flip Houses For Millions Explained
Full FREE Real Estate Investing Training 👉CiX.com/see-it Show Notes + Gifts 👉 http://ExactlyHow.com See our *NEW* 2020 Market Report here Subscribe to our YOUTUBE channel & PODCAST  *Use Loans & Private Money To Make Millions Investing In Commercial Property*In this episode, our financing expert Jeff Levin talks about the three most important steps to make millions investing in commercial property. Plus, the financing options available to you, how to get proof of funds, and even how to get started with no credit or cash of your own.   *Modern Day Wholesaling – Using PiN To Flip Properties FAST* In this real PiN real estate software review, a real user shares his experience micro-flipping dozens of properties in days. How he uses it to get real estate investing leads, find the sellers and buyers, and connect all the dots to putting real money in the bank. Plus, of course, whether he thinks it lives up to the hype and is worth the investment.   *How to Contact Motivated Sellers** *You’ll learn what to say and how to say it when talking to motivated sellers on the phone. You’ll discover the key elements of every motivated seller conversation that can put you on the path to closing your next investment property deal. These strategies work for wholesalers, fix and flip investors and landlords building a portfolio – and they work just as well when you meet the seller face to face. 👉FREE SOFTWARE TRAINING: https://connectedinvestors.com/free Episode sponsor: https://PrivateLenders.com 👉 Drop a comment to let us know what you liked & want to learn more about! -------------------------------------- There is a new marketplace for real estate investors many are calling the Pre-MLS! Search for deeply discounted properties in your area and learn how to Micro-Flip properties. 👉 See It Here: https://connectedinvestors.com/free -------------------------------------- 📚Resources: https://connectedinvestors.com/insight (FREE Book on Funding Ross Mentioned) http://ExactlyHow.com  (Show Notes + Gifts + Resources) https://Connectedinvestors.com (The social network for REI) https://Connectedinvestors.com/mobile  (House flipping App) https://PrivateLenders.com (Find funding for flips) https://new.connectedinvestors.com/exactly-how-listen (Listen) -------------------------------------- 👉 Listen on Spotify https://open.spotify.com/show/4wahTSFpfZRm2kBslzhpFg?si=HDrm2_v5Rq2JLDkCow4gAg 👉 Listen on Apple Podcasts https://podcasts.apple.com/us/podcast/exactly-how/id147331 Support the show (https://connectedinvestors.com)
12 min
The Remote Real Estate Investor
The Remote Real Estate Investor
Roofstock
Market Deep Dive: Denver CO w/ Tony Cline
In this episode we dig into the Denver market with Tony Cline from Home Vault. homevault.com --- Transcription Tom: Greetings, and welcome to The Remote Real Estate Investor. My name is Tom Schneider. And today we have a special guest, Tony Cline, who is the chief expansion officer at home vault. And today we're going to be doing a market deep dive on the Denver market. And I'm joined with my co host, Michael: Michael Albaum. Tom: All right, Michael, let's get into it. Theme song Tom: Tony, let's learn a little bit about yourself. Tony Yeah, so we came together, there's a few of us companies that came together. And we've been working on this for a while, that we've realized that the market is really changing. technology's changing, legislation is changing. And we started as a mastermind, trying to figure out, you know, how could we stay out in front of all of these changes as real estate investors or as a property management company and continue to provide good quality service to our clients and to our tenants? And it just turned into rather than just being a brain brainstorm, let's go ahead and let's actually create a company. So we've been working on that for about a year and a half. And we've rolled that out. And it's really exciting to be able to see the things that we're doing to stay out in front of all of these changes, like the legislation and technology and market shifts and differences in what tenants are looking for now compared to what they were looking for in a property five years ago. That's a little bit of my professional background. My personal background is I'm an ultra marathoner and like to spend a lot of time up in the woods, running from something I guess. Tom: Denver is a great place that are a very, I guess, hardcore would be a place to be an ultra marathoner. Tony: Yeah, there's a lot of greats out here for sure. Tom: Gosh what was a that book, Born to Run. It was like talking about his Yeah, Tony Yeah. Scott Jurek is he's located out here. Now. He was from I think, Minnesota when he was in that book. But he's out here now and but up in Boulder. Tom: Awesome. And what did you do before before Home Vault? Tony: So before Humboldt, my company that I merged into the merger was started in 1978. And it was a company that was started in downtown Denver. And the gentleman who started it actually wanted to open a REMAX franchise in downtown Denver. And in 1978, the REMAX company said, we're not willing to open an office there, because there's not enough residential business to support an office. You know, obviously, Flash forward 40 years and, you know, the downtown Denver is booming. And there's a ton of people there, but I bought that business in 2000. And prior to that, I was in the technology business. So I had a company that focused on document and data management. And, and then in 2000, I switched over to being a full time real estate agent, property investor and property manager. Tom: Awesome. Fantastic. Let's go ahead and jump into it. So what I'd like to do at the start of these discussion is, so we have the anchor city of Denver, how would you describe some of the other sub markets within Denver? And you know, maybe a way to do this is to kind of think about is Denver as maybe a clock or ways to kind of like have think about sub markets within Denver? Tony: Yeah, sure. So Denver, there's actually the city and county of Denver, which is our state capitol, and from their you know, they're really like most big cities, there's no true dividing lines. When you're visually you know, legally obviously there is but when you're looking at it, just one big metropolitan area so if you were to look at that, you know, Denver kind of goes up north into like Thornton in North Glen Broomfield. If it goes off to the east, you've got Aurora, Greenwood Valley, and then South you've got down into Parker, Colorado Springs in Colorado Springs used to be its own metropolitan area. And now in between there Castle Rock is filling in there's just, well, Colorado Springs is still kind of its own unique identity. What used to be open space is now filling in. And then if you go west from Denver, you've got cities like Arvada and Golden, Lakewood, wheat Ridge, there's a lot of different sub markets with different property types. Tom: As a property management company, where do you guys see the majority of your inventory? Where are a lot of the investors in these little sub markets? Do you guys manage a lot? And do you see trends and other you know, sub markets where there's a little bit more traction right now? Tony: Yeah. So obviously, you know, the market has changed drastically. In in, I would think just about everywhere. What tenants are looking for, what they're moving to we we started our company in downtown Denver, and so a lot of the inventory that we've had was in that marketplace in in the early 2000s. man that was a great investment market, you could buy a property, you could sit on it for six months, you could do a little updating on it, and then turn around and in six months pull cash out to buy another one. And so, you know, at one point in time, our company we had 27 units from 15th and Larimer to 17th. In Larimer, it was a great market to continue to invest in. And then of course, we all know what happened in 2008 to 2010. That market kind of suffered, and it came back. And they're building a ton of apartment buildings in from January 1 of 2010. Through today, there have been over 25,000 new apartment units built within a one mile radius of where our office used to be at 15th. and Blake, so it's a huge booming market. Unfortunately, COVID has taken what used to be a destination market in downtown Denver, and really turned it on its head, I mean, all the reasons you would go downtown, the sporting events, the theater, the nightlife, all of that is really sort of been shut down. And all the reasons that you don't want to live in a big city, the reminders of COVID the notes in the elevator, the making sure that you're checking your guests in and out, you know, restricting guest parking, all of these things, has had an impact. So what's interesting about that, is that while downtown Denver used to be a really big destination market, what's happening now is people are leaving those investments as tenants and moving into that next ring out. And so an area like Highlands is really popular as it's become almost as expensive or more expensive than being right in the heart of the city, then you go a little bit further, and there's area over by like Sloan's lake and a little further west. So as you start to go out from the city, those markets become a little bit more affordable as an investor to get into. But because everybody's looking in those markets, it becomes really competitive market and difficult to find a true good investment that you would want to keep for cash flow purposes. Michael: And Tony, we were talking a little bit before the show, I used to live out in Colorado and the South East mid kind of mid central Colorado. And Denver was an awesome city. This was like a decade ago, I lived out there and Denver was an awesome city then. And I was there a couple years ago and couldn't even recognize the city, there's been so much change. So can you walk our listeners through a little bit about what's been changing, and kind of what's going on in that in that market? Tony: Sure. So to go back a little ways, which I'll just touch on, we had a great railroad system that came through Denver, and there was some reasons why it wound up coming through Denver. And we won't get into that. But we got lucky when they decided to do that. And so we have a very historic Union Station in downtown Denver. And that became the transportation hub. And so we've got really good light rail that takes you out east, out west, north and south. And that sort of opened up people being able to move out into the suburbs and still w…
34 min
The Ninja Selling Podcast
The Ninja Selling Podcast
Garrett Frey and Matt Bonelli
Giving Thanks for Gratitudes
Matt and Garrett want to wish all their listeners a very Happy Thanksgiving, and welcome everyone to their podcast today, which is all about gratitudes. As clichéd as that might seem, this is about so much more than simply giving thanks one day a year, but building this noble act into your daily schedule, consistently through both good times and more challenging ones. As you will come to understand today, they can have a profoundly positive impact upon your life and business, and need to become a permanent component of our day-to-day activities. Our hosts review the need to structure gratitude into your day, and share the many benefits that will result, as well as some examples of Ninjas out there who are enjoying great success through this commitment, and an exercise that you can implement immediately. They also recommend revisiting both a previous episode of great relevance as well as Mel Robbins’ YouTube video, and share some of the many things we can be thankful for in 2020. Far from being optional or an afterthought, gratitudes are a key component to success in life and business – science and experience support this fact fully. On this very special day of giving thanks, let’s all commit to making gratitudes a part of our lives every single day. Episode Highlights: * Structuring gratitude into your day * The physical effects of gratitude * Not being tied to the outcome * Andrea Tuell’s remarkable example of gratitude * A gratitude exercise * Changing your energy * Maintaining your gratitudes consistently * Things to be grateful for in 2020 * Opening up your vision and looking at your business differently * Revisit the August 6 episode * Reinventing holiday traditions * 2020 as a positive turning point * Mel Robbins’ Foggy Day YouTube video * What Matt and Garrett are grateful for Quotes: “There’s a lot of power and science behind that.” “It’s a state of being…you’re trying to change your core being.” “You actually feed off that energy from other people.” “Gratitude can even be structured throughout the day.” “We know that gratitude can actually reduce stress hormones.” “All of a sudden, confidence grows.” “Why don’t I do this more often?” “This is going to be a fascinating generation, and I actually think it’s going to be for the good.” “This is giving them tools that a lot of us never have ever experienced.” “A lot of people were very grateful for the health of the real estate market.” “Being grateful for those challenges is important.” “Is this happening to me or is it happening for me?” “How can we look at this differently?” “What about ‘Thank you, 2020’?” “Have a wonderful, wonderful Thanksgiving.” Links: www.TheNinjaSellingPodcast.com Email us at TSW@TheNinjaSellingPodcast.com Ninja Selling www.NinjaSelling.com @ninjasellingofficial Ninja Coaching: www.NinjaCoaching.com @ninja.coaching Garrett garrett@ninjacoaching.com @ninjaredding Matt matt@ninjacoaching.com @matthewjbonelli
33 min
GSD Mode
GSD Mode
Joshua Smith
YouTube For Realtors | How To Generate High Quality Leads Every Day | Jackson Wilkey & Jesse Dau Interview #2
Jackson and Jesse have created an amazing Real Estate Business by leveraging YouTube videos that now generate 50+ high quality real estate leads every single day. In this GSD Mode Podcast Interview, Jackson & Jesse break down the most important elements of what it takes to grow your Real Estate Business with YouTube as well as the things you must avoid doing. They have now expanded their Real Estate Team into multiple states and continue to prove and replicate this process.     00:00 - Introduction   5:00 - Being able to relocate and continue growing their business   7:00 - Do you think you’d still be in Portland if there wasn’t a national pandemic and riots going on?   10:50 - The power that YouTube can create within your real estate business   17:00 - Joshua explains how the YouTube algorithm has changed   22:00 - Mistakes people make when posting to YouTube   28:20 - Changing thumbnails and how much that impacted Joshua’s channel   33:00 - How do you discover how to create and title videos?   39:00 - The R&A (Rip Off & Duplicate) Method for titling videos   46:00 - The onboarding process they teach their clients   50:30 - How Jesse and Jackson have been able to generate repeat business with high quality leads   52:10 - Does YouTube push your video more if you have monetization tuned on vs. turned off?   54:30 - How do you use YouTube live?   1:00:30 - Engagement and how to get others to engage   1:08:00 - How long does it take to create a video and how long until you start seeing momentum on your channel?   1:15:00 - Where to learn more about Jesse and Jackson   1:18:00 - Overdeliver and under promise       Jackson & Jesse’s 1st GSD Mode Podcast Interview: youtube.com/watch?v=D4D9y3zafMU     Connect with Jackson Wilkey and Jesse Dau:     jackson@realagentnow.com     jesse@realagentnow.com     https://www.channeljunkies.com/     https://www.tubebuddy.com/channeljunkies     📚  For a TON of FREE Tips, Methods and Strategies to help you DOMINATE Your Real Estate Business, make sure to snag my new 100% Free Digital Book (it will be emailed to you within seconds) - Joshua Smith's Free Book "DOMINATE Your Real Estate Business - Top Tips From a Top Producers" go to: http://www.JoshuaSmithFREEBook.com/     👉 Looking for help in your Real Estate Business, Check out Joshua Smith's Coaching Program "Mastery Bootcamp" at: http://www.MasteryBootcamp.com     👉 Want to learn more about Joshua Smith's Coaching Program, see if the program is a fit for you, etc... Schedule a 100% Zero Pressure/Zero Hassle Discovery Call, Click Here:  http://www.MasteryBootcamp.com     👉 "Triple Your Real Estate Business In 90 Days" [FREE In-Depth 3 Hour Online Masterclass with Joshua Smith] - http://bit.ly/2WQHBqM     GSD Mode Podcast Sponsors/Supported By:     Perfect Storm (The most Effective and Affordable Real Estate CRM in the Real Estate Industry) - http://www.PerfectStormNow.com     Mastery Bootcamp (Joshua Smith's personal Coaching/Mentorship Program) - http://www.MasteryBootcamp.com     REO Mastery University (REO and Short Sale Real Estate Agent Training) - https://reouniversity.wpengine.com/     Connect With Joshua Smith On Social Media:     Facebook - https://www.facebook.com/JoshuaSmithGSD     Instagram - https://instagram.com/joshuasmithgsd/
1 hr 21 min
Kevin Ward's YES Talk | Real Estate Coaching and Success Training for Agents
Kevin Ward's YES Talk | Real Estate Coaching and Success Training for Agents
Kevin Ward
YesTalk-226 - How to Blow It With A Perfect FSBO Text Script
Go to https://mastery.yesmasters.com/powerpack to get the best core scripts that will give you more leads, listing, and sales. _____ What do you do when a FSBO is way off the mark with what he would take for his property? The FSBO is off on price because nobody has helped them understand what the right price is. And if you decide to not talk to them because they’re unrealistic about price, when the time comes that they’re ready to move…you’ll miss the chance to be the agent that helps them. It doesn’t matter how unrealistic they are about the price. What matters is their MOTIVATION. Use the initial FSBO text message script to get them on the phone, so you can follow up with the FSBO script and identify their motivation. …because that’s the one moving part when it comes to winning with FSBOs. Get your of the Agent Power Pack https://mastery.yesmasters.com/powerpack that includes the 2020 edition of the FSBO Script and the FSBO Text Message Script. Also, don’t forget to join the YesMasters Facebook Real Estate Success Community if you want to learn how to get more YES without the B.S. Get more exclusive real estate agent trainings here 👉 https://YesMasters.com Learn How To Get More Real Estate Leads, More Listings, More Sales, with Less Resistance 👉 https://yesmasters.com/freebook Kevin Ward is a real estate coach, speaker, and trainer at YESMasters.com and #1 Bestselling author of "The Book of YES: The Ultimate Real Estate Agent Conversation Guide."
13 min
Get Rich Education
Get Rich Education
Keith Weinhold
320: Wealth Destroyers: Inflation and Taxes with Tom Wheelwright
Learn how to keep insidious thieves from stealing your wealth - taxes and inflation. Higher taxes = lower inflation. I tell you why. The IRS does not recognize inflation in regard to capital gains. I discuss property tax, income tax, and sales tax state-by-state. Many coastal states have high property tax and income tax; southern states have high sales tax. A recent Harris poll showed that work-from-home types value saving money on lunch and gas more than being with their family or having extra time! (Geez.) Subscribe to our Don’t Quit Your Daydream Letter here. Tom Wheelwright joins me. Tax brackets are marginal, so use your childrens’ lower tax brackets. The last dollar you earn is taxed at your highest taxable rate. The first dollar of a tax deduction comes off your highest taxable rate. Tax credits beat tax deductions. Reducing your property tax can be fairly easy. Resources mentioned: Connect with Tom: www.Wealthability.com Show Notes: www.GetRichEducation.com/320 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
41 min
Real Estate Investing for Cash Flow with Kevin Bupp
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
#298: Agriculture, Investing Abroad, Co-ops, and So Much More- with Evie Brooks
This week’s episode of the Real Estate Investing for Cashflow Podcast features Evie Brooks. Evie is a Real Estate Investment Educator, Keynote Speaker, Investor, Coach, Mentor, Entrepreneur, and former Advanced Trainer for “Rich Dad Poor Dad”, who now specializes in “All Things Panama”, including real estate and organic agriculture investments. With over 24 years of real estate investment experience, she’s educated and guided thousands of investors through the process of locating, evaluating, and analyzing transactions for cash flow and ROI (Return on Investment) in 13+ countries and 30+ states in the United States. During the global pandemic, Evie continues to close deals every week, primarily due to the soaring demand for organic smart farming investments in Panama, where 85% of the food is imported. Quotes: “After watching and seeing a lot of investors really happy with the returns that they were seeing on this, I was like this is a really good opportunity because food is going to become more and more in demand and airable land is becoming less and less available, and therefore creating a higher value for that land.” “Co-op is what most people in the agriculture business know. A co-op is where a big broker that has accounts around the world with go out and find smaller farmers collectively in places such as Peru that are growing, but they don’t have the connections nor the volume to be able to deal with the big boys (whole foods, etc.) so the broker will come in and co-op with all those small farmers to buy the food from then they will ship it and carry it out to the rest of the world.” Highlights: 4:11- Evie gives her background and how she got started in investing abroad 13:46- Evie tells us about the different types of investments that she’s involved with in Panama 15:55- Evie explains the mechanics of co-ops in an investment sense 23:10- Evie tells us about the risks and tax benefits of the agriculture industry abroad Guest Website: https://eviebrookspanama.com/ Learn About Investment and Partnership Opportunities with Kevin and His Team
37 min
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