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

Jack Bosch owns rental houses, commercial properties and even large apartment communities.  However, Jack's main passion is for buying and selling Lots and Unimproved Land. Jack and his wife began investing in land back in 2002, and it took them only 18 months to make over $1 Million dollars.  Now Jack is known as "The Land Guy", and he teaches his strategies to investors all over the world.  Today he's going to tell us how he finds, funds, and profits from buying land. Jack is also the #1 Best-Selling Author of the financial literacy book "Forever Cash: Break the earn-spend cycle, take charge of your life, and build everlasting wealth".  Jack also hosts the successful podcast "Forever Cash Life- Real Estate Podcast". This is a great episode for anyone who is interested in investing in real estate but doesn't want to deal with tenants, toilets & trash.  Jack shares a lot of real-life examples and detailed knowledge from his experiences buying & selling land.  You can contact Jack in the following ways: www.jackbosch.com www.landprofitgenerator.com www.forevercashbook.net facebook:  forever cash group & land for pennies "Forever Cash Life - Real Estate Podcast"

8 Apr 201954min

I met Ramond Harris II at the RPOA's Annual Conference last month, and after hearing his story I knew that we needed to record a podcast immediately.  You see, Ramond is seemingly a successful Detroit-based wholesaler, rehabber & flipper.  But there was something wrong with his business model, and he was trying to figure out how to fix it. So I invited Patrick Spitzley and Justin Workman, two experienced rehabbers and Friends of the Show, to join us for a Mastermind Session, in which we learned about the challenges facing Ramond in his business, analyzed his situation, and helped him come up with concrete solutions to improve his systems and create more profit for himself. And I thought we were doing a pretty good job.  Until half-way through the mastermind session Ramond dropped a bomb into the conversation.  At that point we realized what the real problem was...! I know you're going to enjoy this conversation with Ramond.  You'll learn a lot about what it means to be an entrepreneur and investor, and how some of the decisions we make can impact us without even realizing it.  Ramond really opens himself up to the group and isn't afraid to share the whole truth about his business. At the end of the episode you'll also get to enjoy a recent update from Ramond, as well as the conversation that took place after everyone thought I'd turned of the microphones!  This is one of my favorite episodes, so I hope you enjoy it as much as we did! Ramond can be reached by email:  ramond.harris@yahoo.com

1 Apr 20191h 13min

As Rental Property Owners and Landlords, we need to be aware of the changing demographics, trends, and technologies that are shaping the future of Real Estate Investing, especially when it comes to the impact of Millenials and Generation Z on our businesses. Linda Liberatore speaks on these topics all over the country and is the Founder & CEO of Secure Pay One, a company dedicated to Landlord Empowerment.  She's also the author of the bestselling books: "Landlord's Secrets", "My Landlord Helper: The Keys to Managing Your Real Estate", and "Daily Inspirations to Achieve Your Real Estate Investment Goals". Linda's going to help us understand Demographic Trends and the expectations of Generation Z that you must consider, Cost-Effective Technology Solutions that you can apply to your rental business, Social Media Marketing, Navigating the Friction Points in Leasing & Marketing, and her projections of what changes we should expect in the coming years. Linda shares a lot of great knowledge and experience in this episode.  You can get in touch with her by email, phone or website: lindal@securepayone.com 847-436-9006 http://lindaliberatore.com Enjoy!

25 Mars 201954min

Hiring Contractors, handling Maintenance issues and dealing with City Inspections are a reality of owning residential rental property.  The level of efficiency and quality employed in handling these issues can either add huge value or create huge problems for your investment properties.  It can be helpful to understand the best practices employed by the professionals in our industry to make sure we're following the rules and not wasting money. That's why today's conversation is a must listen for anyone who owns or is thinking of owning Rental Property.  We are going to break down the process of taking proper care of your investment property.  We're going to discuss the logistics of scheduling repairs with your tenants, managing expectations of owners and residents, finding and hiring the best vendors and contractors, and handling city inspections. Having this conversation with me today are two experts in their field: Amanda Szabo is a general manager at LeaseGR, a West Michigan Property Management Company that has been in business for over 15 years.  Tom Harrold is the manager of Rental Property Maintenance (RPM), a West Michigan company that handles maintenance, repairs, and rehabs for landlords and property managers in the Grand  Rapids area.   This is a great nuts & bolts episode for understanding the best ways to take care of your rental property investments.  You can reach Amanda and Tom in the following ways: Amanda Szabo, General Manager at LeaseGR www.leasegr.com aszabo@leasegr.com 616-257-3997 Tom Harrold, Manager @ Rental Property Maintenance (RPM) https://rpm616.com/contact/ tharrold@rpm616.com

18 Mars 201955min

Joseph Gozlan is a Multifamily Investment Specialist with a portfolio of over 500 units in strong secondary markets in Texas.  He's also a former lieutenant in the Israeli Defense Force and has over 17 years of leadership experiences in the software industry, which helped him sharpen his business and analytical skills as well as his "big picture" perspective. Joseph is also a fascinating guy with a lot of great real estate wisdom to share.  In today's conversation Joseph takes us through his thought process comparing multifamily investing to other types of investing, and how this helped him go from zero to 500 units in less than three years.   We also discuss the massive generational shift in demographics that is having an enormous impact on rental housing, Joseph's three rules of investing that will see him through good and bad economic cycles, and how he's in the process of changing out his management team. Joseph also makes it clear that Multifamily investing is not as easy as some might say.  It takes a lot of work and perseverance, and Joseph discusses the many challenges that he's had to face. I know you're going to enjoy this highly enlightening conversation. Joseph is also a broker and uses his 360 degree perspective of multifamily investing and ownership to help his buyers and sellers.  You can learn more about Joseph through his brokerage website and his acquisition website: www.ebgtexas.com www.ebgtx.com

11 Mars 201953min

Last year we saw the passage of the Trump Administration's Tax Cuts and Jobs Act which created opportunities for investors and small business owners to lower the amount of taxes owed.  However, there were still some outstanding questions that needed to be answered. Luckily we have Duane Culver back on the show today to shed some light on those lingering questions and how they apply to your 2018 tax preparation.  Duane is a CPA and President of Culver CPA Group.  Today he'll give us the low-down on the following topics: Qualified Business Income Deduction (QBID) and how it relates to your rental income. Do you still have to pay the Affordable Care Act Health Insurance Penalty? Reminder on the larger Standard Deduction you're able to take. Change in how you can deduct charitable contributions. What you need to know about Opportunity Zones. If you're about to sit down & do your own taxes, or you have a professional prepare them, it pays to learn as much as possible about tax rules & how they apply to real estate investing.  The more you understand, the more you'll be able to use tax law to your advantage, avoid mistakes, and prevent IRS audits.  You can also go back and listen to last years tax conversation with Duane, Ep#112, where we discuss the Tax Cuts and Jobs Act in more detail. Duane can be contacted by email, his website, or phone: dculver@culvercpagroup.com www.culvercpagroup.com 616-456-6464 Enjoy the show, and please take a moment to go to itunes to subscribe, rate & review.

4 Mars 201933min

My guest today started investing in Real Estate by buying and selling over 100 single family homes before transitioning into multifamily.  Within 3 years he went from owning zero to 300 units across the country! Sterling White is an investor and business owner on a mission to make the world a better place through principled and efficient real estate investment.  He's also helped other investors raise money for their deals and attract private money through a software platform he co-developed called "Syndication Pro". Today Sterling and I discuss how he was able to grow his portfolio so quickly, and the differences he sees between fixing & flipping and owning multifamily.  Sterling also has some great stories on the methods he uses to build rapport with sellers and investors, and how a 'thank-you' card helped him beat out multiple higher offers. Sterling will also share why he avoids brokers and prefers to find off-market deals.  We'll also talk about syndication and why he helped design and build an on-line investor portal to make the process more efficient and profitable. Sterling shares a lot of great knowledge in this conversation that will be helpful to anyone looking to find off-market deals or raise money from investors.  You can contact Sterling through email or his website: sterling@syndicationpro.co https://www.syndicationpro.com

25 Feb 201945min

In this quick update, Jeremy Cole and I share an important announcement about two events you don't want to miss: First off, today (Thursday, February 21, 2019) is the first day of the RPOA's Annual FREE Conference & Expo, and there will be a special Q&A session tonight at 6pm with the stars of HGTV/DIY's hit show 'Gritty to Pretty'.  Arrive early for the 5:30 happy hour and chance to meet Jeremy and Ramon Huerta live! You will also have the opportunity to watch their show this Saturday, February 23rd at 8pm when it airs on the DIY Network.  Your action item for the day is to set your DVR to record, or watch it live, because the more people who check out this episode, the better the show's chance of getting to the next level at HGTV.  For more information about the conference, and to register for FREE, go to www.rpoaonline.org We'll see you there!

21 Feb 20195min