EP036 Building a Full Service Property Management Company, Tips on Leasing and Managing, Mistakes landlords make and the importance of the RPOA in protecting landlords with Mark Troy

My guest today is focused exclusively on investing in Multifamily & Apartments.  With his partners he's invested in 11 different properties with over 2,300 units. But Randy Langenderfer wasn't always a Multifamily investor.  He got his start in Real Estate Investing by House Hacking his first duplex before becoming a Hard Money Lender. Today we're going to discuss how & why Randy made the leap to Apartments, and how he managed to grow his portfolio so quickly.  Randy is also going to share his experiences investing passively, both good & bad, as well as the common denominators he's seen in his successful partners and the importance of transparent communication. If you've ever wanted to partner with someone else, or invest in someone else's deal, then you'll want to hear what Randy has to say.  Randy can be reached by email at randy.langenderfer@invest-ark.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

18 Nov 201944min

There are many creative ways to Buy & Sell Real Estate, while creating Owner Financed Paper in the process.  And my guest today has done them all.  Brad Smotherman owns and manages a 7-figure per year Flipping Business called American Community Investments and holds Notes across middle Tennessee.  He's invested in 14 states and completed 100's of transactions. Brad is going to discuss what it means to purchase a property 'Subject To' the existing mortgage, and what happens when the lender 'Calls In' the loan.  You'll also learn what a 'Wraparound' Mortgage is, and how you can profit from creating one. Brad also discusses how he's able to purchase property with zero percent owner financing, the importance of mentorship, what it means to 'Buy Equity', and why Wholesalers are leaving money on the table by not employing the strategies he's discovered. There are a lot of great tips and techniques that you'll learn in today's conversation.  Many of them haven't been discussed on the show before.  Brad can be contacted through his website: http://www.bradsmotherman.com And you can also check out his podcast called "Investor Creator" And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

11 Nov 201947min

Welcome to a very special 200th Episode!  To celebrate I thought it would be fun to have a conversation with the man who made this podcast possible – Clay Powell, the director of the Rental Property Owners Association. Clay and I will be talking about the importance of organizations like the RPOA and how we’re helping landlords and investors through the good times, which is what we’ve all been experiencing for the past ten years, and the anticipated downturn that many economists are expecting to happen in the next year or two. We'll also discuss how the RPOA is positioning itself to be at the forefront of helping landlords and investors no matter what the economy is doing.  We also have exciting news about the RPOA’s Real Estate Investor Mastery Training Program, and how its now going to be accessible beyond the West Michigan area.  We’ll also discuss the RPOA’s knowledge base, where we answer the most frequently asked questions. You'll also get a peak behind the curtains of the podcast, and I'll be revealing the top three episodes and guests of all time.  You'll also get a sneak peak at the Annual Conference, and the featured speakers we'll be bringing to you in 2020.  If you're wondering how you can prepare yourself for the eventual downturn, and prosper during both good times and bad, this is an episode you won't want to miss. Clay can be reached through the Rental Property Owners Association by going to www. rpoaonline.org And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

4 Nov 201946min

When Justin Richards and Aaron Lenartz were last on this show, they shared everything they'd just gone through in finding, negotiating, syndicating, and closing on a 144-unit apartment complex in Memphis Tennessee.  You can check out Episode #140 to hear that story.  Today, you're going to find out what happened after the close and how its affected their outlook and decision making process ever since. Justin and Aaron are going to share some of the challenges they faced and how they came up with the solutions to solve them.  We'll discuss the engineering report and the cash shortfall that can occur when the lender reserves funds from the closing to make immediate repairs, but doesn't release that money until after the repairs have been completed.  We'll learn about some difficult partnerships that Justin & Aaron have had to walk away from, as well as the key members they've since added to their team. Justin and Aaron share some painful experiences of the acquisitions that have fallen through since then, and the uncomfortable news they've had to share with their investors.  You'll learn why some of those deals didn't happen, and the physical inspection at one property that revealed over $7 million in deferred maintenance the owner failed to disclose. Justin and Aaron also discuss the 600 units they currently have under contract, and how they're laying the groundwork to have plenty of capital throughout the next financial downturn. There's a lot for any investor to learn in this episode, and Justin & Aaron don't hold back from sharing the challenges they've overcome this past year.  You can find out more about them by visiting them on the web at https://www.greysoncapitalgroup.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

28 Okt 201954min

For many of our American Active Duty Military and Veterans, investing in Real Estate may seem like a far-off objective, especially if they're deployed overseas or moving from location to location without any sense of permanence.  However, if you're Active Duty Military, or a Veteran, you have some serious purchasing power that you may not be aware of. Eric Upchurch has made it his mission to help those in the military understand and realize the power of creating monthly passive income through real estate, even while they're active duty.  Eric served six years in the 160th Special Operations Aviation Regiment, and is the author of "Military House Hacking: How to Live Free, Earn Passive Income, and Create Generational Wealth".  Eric also hosts the "Active Duty Passive Income Podcast". Eric is going to help us understand the incredible firepower of the VA loan, and how it can help our military service members invest in real estate and live for free through house hacking.  We'll also discuss the unique challenges facing our service members as they transition out of service, and how their military training both helps and hinders them as real estate investors. Whether you're currently serving in the military, or you're a veteran, or you know someone who is, you'll definitely want to listen to what Eric has to share.  Eric can be reached through his website: https://www.activedutypassiveincome.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

21 Okt 201947min

One of the Best Books I've read this year is "Burn Zones", by my guest today, Jorge P. Newbery.  In his book, Jorge tells a fascinating and brutally honest story of his rise from newspaper boy to Punk Rock Entrepreneur, from International Cycling Champion to Mortgage Broker, Distressed Apartment Investor, Publicly Vilified Landlord, and Socially Conscious Entrepreneur. Today, we're going to focus on three crucial periods in Jorge's incredible life: His early beginnings as an entrepreneur in the 1980's Los Angeles Punk Rock scene, Why he bought a run-down apartment building when the city health inspector warned him he'd end up in jail, and what really happened at Woodland Meadows, an 1,100 unit apartment complex in Columbus Ohio that was nicknamed "Uzzi Alley" for all of the murders and gun violence that had occurred there. There is nothing safe about this episode or Jorge's investing experiences.  Jorge's willingness to charge into challenges that other investor's would find impossible have made him hugely successful, and, as you'll discover, hugely controversial, politically condemned and ultimately, inspirational. Along the way, Jorge has an enormous impact in his tenant's lives, and he continues to have an impact through his socially responsible hedge fund, American Home Owners Preservation.  He also hosts a Facebook live show called "Financial Freedom Fridays with Jorge P. Newbery". Jorge can be contacted through Facebook or his websites: https://debtcleanse.com AHPServicing.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

14 Okt 20191h

By his own account, Sam Newell grew up poor on the wrong side of the railroad tracks in Salt Lake City, Utah.  Today you're going to find out how he transitioned from his humble early days into a successful real estate investor and realtor with sales over $150 Million. Sam is an apartment investor, syndicator, and real estate agent who's been in the business for over 10 years.  He's also the co-founder of IPI Acquisitions, and a real estate agent at Century 21 Everest Realty Group in Utah, where he heads up their commercial division. Sam is going to share how his work ethic and training in door-to-door sales and cold-calling led him to be an ultra-successful salesman.  You're going to learn Sam's best practices for door knocking, delivering bad news to clients, and how he informs and communicates with his investors.  You'll also hear Sam's perspective on whether or not you should get a real estate license while investing in real estate, and whether or not your should pay yourself out of your cash flow or invest it back into growing your portfolio. Sam is a great guy with a lot of incredible value to add during today's conversation.  He can be contacted by text or email: Text - 801-995-2220 samnewellrealestate@gmail.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

7 Okt 201943min

Can you believe that the iPhone is only 12 years old?  When you consider all of the advantages and efficiencies that smart phone technology has created for rental property owners, its hard to imagine doing any type of business without it. My guest today is going to tell us What's Next on the Technology Horizon that will not only revolutionize the way we show and lease our properties, but will also help us control our expenses and increase our income. Ryan Wendlandt is currently employed in the Technology Industry and is focused on 5G technology.  Today he's going to share his unique insight into the benefits of 5G, including the use of Augmented and Virtual Reality to aid in showing our units, built-in sensors that will monitor our resident's utility and trash usage, and the increased capacity we will have to make more money. Ryan is also a Real Estate Investor who has acquired five deals in the past year in Grand Rapids, while investing from San Diego.  He's going to share how he's able to find his deals and manage them from thousand's of miles away. I know you're going to enjoy hearing Ryan's expectations for 5G technology's impact on your Real Estate Business.  He can be contacted through his website: www.gowithvitality.com And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"

30 Sep 201940min