W2 Capitalist | For Married, Busy Parents Side Hustling in REI Jay Helms

In this episode, we’ll delve into the realm of the Real Estate Investor's No Man's Land. We’ll explore what it means to be stuck in this desolate area of real estate investing, where motivation dwindles, stress mounts, and growth feels stagnant. Success in real estate investing isn't about matching someone else's pace; it's about finding what works for us and staying true to our goals. Tune in for insights on navigating this challenging terrain and breaking free from the Real Estate Investor's No Man's Land.
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Get ready to join the adventure with our nomadic crew as we dive into the humorous realities of frequent pit stops, highlighting our personal best of a 197-mile stretch without pausing. From Hardee's biscuit breaks to unexpected naps, discover the strategies behind our epic journey milestones and the chaos that ensues during our "pit crew pit stops." So buckle up and tune in as we navigate the highs and lows of life on the road, one mile at a time!
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In this episode, I’ll open up about my journey as an introverted real estate investor. Discover how virtual communities have played a pivotal role in my growth and helped me overcome the anxiety associated with in-person events. If you're an introvert struggling with networking in the real estate world, this episode offers practical advice on leveraging virtual connections to ease into face-to-face interactions. Learn how you can push beyond your comfort zone, build valuable relationships, and boost your confidence in real estate investing.
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In today’s episode, we delve into the successful implementation of a "cash-for-keys" strategy. Learn how this approach can be a win-win for both landlords and tenants, offering a swift, cost-effective alternative to the lengthy and costly eviction process. I'll share the story of my first cash-for-keys success with a long-term resident who had become a problem tenant. Discover the step-by-step process we used, from the initial offer to the signed agreement, and the clean-up after the tenant's departure. Hear about the benefits of this strategy, including how it can help you avoid legal battles, reduce stress, and maintain property conditions.
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We’ll discuss in this episode our straightforward policy for reimbursing residents for water leaks, an issue we've frequently encountered across our property portfolio. From burst pipes hidden behind walls to leaks under the slab or in the yard, water leaks can cause significant stress for both landlords and residents. We'll walk you through our process of handling these situations, including how we calculate reimbursements based on residents' average water bills over the past year. Learn how to implement this water leak policy and other techniques to enhance your landlord-resident relationships.
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In this episode, we explore the importance of implementing proper filters from the very first interaction with potential tenants. Join us as we dissect a real-life interaction with a prospective tenant, Jaylin, and uncover the red flags that signaled she wouldn't be a suitable tenant. Discover why having a stringent filtering process is crucial for saving time, money, and headaches down the road. We'll share practical tips on setting up your own filtering system to weed out unsuitable candidates and ensure you find the right residents for your properties.
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