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

Larry Goins is a visionary, entrepreneur, real estate investor, and educator.  He's been investing in real estate for over 30 years, and has previously served as the president of the Metrolina Real Estate Investors Association in Charlotte, North Carolina. Today, Larry is not only going to share details on his Real Estate Day-Trading system, he's also going to show exactly how he builds Confidence, Credibility, and Rapport with Sellers.  He'll take us through real-life conversations to illustrate how you can get people to like and trust you, Price-Condition your sellers, and close the deal. Larry will also share how he builds his lists, vets and funnels his buyers, conducts due-diligence on his opportunities, and the process he follows once the property is under contract.  This is all top-level information that any investor will benefit from. Larry also travels throughout the U.S. speaking and training students on buying HUD Homes, Virtual Real Estate Day Trading, Seller Financing, and his "Filthy Rich" system of investing.  He's also a noted author and hosts an excellent podcast called "Brain-Pick a Pro Podcast". You can get a free copy of Larry's book "Getting Started in Real Estate Day Trading" by calling 1-877-LARRY GO and asking for a copy.  Be sure to mention this podcast. Larry can also be contacted through his website at www.larrygoins.com

3 Juni 201940min

Real Estate Investing and Property Management is a People Business, and Chelsea Roelofs was trained early on how important that concept is.  Chelsea has a background in social work that has helped her attract clients and residents through her company Rockfinch Realty, a full-service property management and real estate brokerage company. Today we're going to learn how Chelsea transitioned into real estate from social work, as well as the house-hacking investments she made in the historic neighborhoods of Grand Rapids, MI. Chelsea is also going to discuss her single-family & vacation rental investments in Grand Rapids & Muskegon, a lodge she recently purchased in Newaygo, and her property management philosophy that has helped build her successful business. I know you're going to enjoy hearing Chelsea share her experiences in real estate, and the lessons she's learned along the way.  You can find out more about Chelsea by going to: http://www.rockfinch.forsale/content/about-rockfinch-realty

27 Maj 201933min

Owning and Managing Student Housing Rental Property can be very rewarding, but it takes a unique approach and strategies that are different from traditional property management.  If you are considering purchasing property for student housing, or you currently own & manage student housing, then you'll definitely want to hear the best practices and advice from our guest today. Jared Behrens is the General Manager at American Realty Property Management, which specializes in managing A-class single family rentals and student housing in the West Michigan area.  They currently manage over 325 units for 60 different owners. Jared is going to share his tips on leasing to students and managing their expectations, along with their parent's expectations.  We're going to discuss which months you have to be prepared to move all your students in & out of the units, as well as when you must have them leased by. You'll learn why Jared advises having the students sign a 'jointly and severally liable' lease, and what type of properties and bedroom/bathroom configurations work best for students. There's a ton of great advice packed into this episode.  You can contact Jared through his email, website, phone, Twitter, or Instagram: http://american-realty.net Email: jaredb@american-Realty.net Phone: 616.913.9004 Twitter: @jaredbeh Instagram: @jared315

20 Maj 201955min

Performing and Non-Performing Notes.  You've definitely heard us talk on this podcast about this area of investing.  While the returns can be quite lucrative, there are many risks to consider, as well as barriers to entry.  When entering this arena it pays to be well informed. That's why, at the recent RPOA Annual Conference, we held an Expert Q & A Panel Discussion on Note Buying.  We had three experts there to help us understand what notes are, the investment opportunity they provide, the pro’s and con’s of investing in notes, and how they've each been successful in the single-family and commercial note investing arena.  If you’re interested in investing in notes yourself, then you definitely will get a lot of great information from our expert panel today. Sue Nelson is a trainer and coach who has done almost every type of creative real estate deal.  Sue is an expert in commercial, multifamily, REOs and notes, and I actually joined her commercial note training program back in 2012.  Sue was recently a guest on the podcast - episode #162. http://reonoteprofits.com REONoteProfits@gmail.com Gene Chandler has 45 years of real estate investing experience and is the asset manager for Chandler & Chandler Financial, which specializes in buying one-off and small pools of distressed assets directly from banks, hedge funds, and private equity groups. Gene was a guest on episode #80, and I was so impressed by our conversation that I ended up investing with Gene, and together we’ve purchased 12 non-performing notes. chandlerfinancialllc@gmail.com https://www.chandlerfin.com Kyle Zimpleman is also a note investor with a mission of helping distressed home-owners stay in their homes.  Kyle is the President & CEO of Expand Capital Group and purchases distressed mortgages throughout the U.S.  He’s also started a fund to help passive investors invest in this space.  Kyle was a guest on episode #151. kyle@expandcap.com http://expandcap.com/about/

13 Maj 201953min

Today we're going to talk about an asset-class that I love: Performing & Non-Performing Notes.  Notes are the underlying contract or mortgage that a home-owner is paying on, or sometimes not paying on.  Whether they're performing or non-performing, notes can offer a lucrative opportunity to make money and help distressed homeowners in the process. Wylea Griggs, the owner of Eleesee Solutions, LLC, is a local Grand Rapids investor who has been purchasing non-performing notes.  Today she is going to walk us through three of her recent deals and show us how she was able to make 30 to 60% returns, while helping several homeowners get past some difficult setbacks and get current with their mortgage payments. Wylea also hosts a local meet up group: "Grand Rapids Note Closers - Wine & Notes for Self Directed IRA Real Estate Investors".  They'll be meeting this Wednesday, May 8th, from 6 to 9pm at the Cascade Winery, 4665 Broadmoor, Kentwood, MI  49512. I know you're going to enjoy hearing Wylea's story of how she got started investing in real estate and ended up realizing the benefits of investing in notes.  You can contact her by phone, email, or her website: 616-329-5955 eleeseesolutions@yahoo.com www.eleeseesolutions.com

6 Maj 201947min

Jason Pero bought his first duplex in 2001 and never looked back.  He quickly acquired more units, started a management company, and left his W-2 job by 2012.  He now owns over 650 Units that he manages through his company, Pero Real Estate, located in Erie Pennsylvania.  Jason recently completed his first syndication of 86 units and is going to share with us how he structures his deals for investors.  We'll also learn how & why he prefers to acquire properties in his own backyard, off-market, and directly from sellers.  And Jason will share the tools and software he uses in his property management business. Jason is also the President of his local REIA, the Apartment Association of North West Pennsylvania.  We discuss why its important to be active in your local real estate groups and how its helped both of us make huge progress in our investments while giving back to the investor community. I know you're going to enjoy this conversation with Jason.  He shares a lot of the details on how he grew his portfolio, and how he and his wife were both able to leave their W-2 jobs. Jason can be contacted by email at jasonpero@yahoo.com

29 Apr 201952min

With the recent legalization of marijuana in Michigan and other states around the country, many real estate investors and landlords have been wondering what this means for their investment property. Are tenants now able to smoke marijuana in their units? Do we need to change our leases to accommodate this new law? Can we get in trouble if we evict a tenant for smoking marijuana? How can we as investors profit from this new law? How do we identify these new opportunities? At the recent RPOA annual conference we held an expert Q&A discussion with Justin Wheeler, a real estate attorney with the law firm Bolhouse, Hofstee & McLean. Justin practices in the areas of business and real estate and has several clients in the marijuana space. If you are at all concerned about the implications of the legalization of marijuana on your investment property, or you're excited to know where the opportunities are in this space, then you'll enjoy hearing Justin discuss the in's & out's of this new law. Justin can be reached by email: justinw@bolhouselaw.com

22 Apr 201950min

If you're looking for opportunities in today's hot market, and chasing after those that are listed on the MLS by realtors or brokers, chances are you're experiencing a great deal of competition and frustration.   My guest today has managed to avoid that agony by finding off-market deals.  Of his last 20 acquisitions, he's only gone through the MLS one time.  That's 19 off-market deals that he's been able to find in the past year! Today, Patrick Spitzley is going to take us through his most recent rehab acquisitions and how he found them without going through the traditional channels.  Patrick is a SFH rehabber and long-term investor who specializes in buying the worst house on the block and turning it into a cash cow.  He's also a friend of the show who has appeared on episodes #13, 87 & most recently #168. Patrick's going to take us through, deal by deal, how he found these opportunities.  From auctions to hoarder houses, from his insurance agent to a contact he made through the Deal Room at the RPOA's Annual Conference, Patrick knows how to beat the bushes and is going to share his secrets. Enjoy!

15 Apr 201955min