Welcome to the mistake free real estate Podcast, where we deep dive in the world of passive TURNKEY rental homes.
You'll hear from the leading industry experts in banking, title and real estate sales, as well as in depth discussions with the industries biggest deal providers, house flippers, and passive investors. Each episode will cover all the mistake made in real estate investing so that you don't have to experience them the hard way.
Remember.....the biggest mistake you may ever make is NEVER buying rental real estate at all!
Eviction Moratorium - Protecting Yourself From Tenant Litigation! with Julie Anderson
In this episode, we’ll be taking you through a real estate legal class. Today, I have the pleasure of hosting my attorney, Julie Anderson. Julie is the reason why I can go to sleep peacefully without worrying about my real estate investments. Julie and I have worked together for over a decade. Her knowledge of real estate law is vast.
We are living in difficult economic times due to the Covid-19 pandemic. Landlords are taking losses since their tenants are unable to pay their rent. According to Julie, this shouldn’t be the case at all. Landlords deserve better than this. In this episode, we’ll be looking at how to protect yourself as a real estate investor.
Julie will educate us on the eviction moratoriums, pitfalls that a rookie investor is likely to fall into and share eight tips that real estate investors can apply in their investments.
Grab a pen and notebook and listen to this legal class.
Key Talking Points of the Episode:
[01:53] Getting to know Julie Anderson and what she does
[02:30] How Covid-19 has changed Julie’s business
[04:38] Rent relief
[06:55] Evection moratoriums that have been in place since last year in March
[16:18] What is a HUD complaint?
[25:52] What is creative loitering, and how are people in the legal world using it?
[29:42] Pitfalls that a rookie investor can fall into
[32:40] what does the CDC order mean?
[40:21] Is there a back load of foreclosures that we should be worried about?
[44:18] Key tips that can help investors solve their real estate burden
[44:34] The importance of communicating with your tenants
[45:09] Filing of evictions
[46:09] Paying close attention to your tenant’s behavior
[47:30] Becoming a social worker as a landlord
“The biggest kink in the system, is that landlords can’t do anything to help themselves unless their tenant cooperates.”
“The true discipline of success in real estate investing is to face the reality that you’re in.”
“We serve at the pleasure of the court. If you want to file a lawsuit, you serve at the pleasure of that judge.”
“Communication is the first casualty of all relationships.”
“The key to success is the discipline of facing the reality.”
“You need to continue to be an advocate for yourself and continue to file cases or at least have a conversation with your lawyer, depending on your industry.”
8 Key Tips TO PROTECT YOURSELF FROM LITIGATION, or A SUB-PAR RENTER:
(2) Don't wait to File
(3) Tenant Behavior
(4) Rental Assistance
(6) Changing Times - Lawyer up!
(7) Jobs verification
(8) Collaborate with professionals
Connect with Julie Anderson:
Do not forget the read Julie’s free resources https://mokslaw.com/julies-blog/
Takeaways From The Top Real Estate Investing Mastermind with Jimmy Vreeland
The Collective Genius Mastermind is a community of real estate investors. The mastermind’s mission is to passionately help the members create an amazing lifestyle through growing and protecting their real estate businesses by providing an environment that fosters community, connection, collaboration, and contribution.
Jimmy Vreeland and I are good friends and members of the Collective Genius Mastermind. Today, we’ll be sharing our takeaways from the last mastermind that took place in June.
Stepping Out of your Business with Brett Snodgrass
How comfortable would you be stepping out of your business to sit in the owner’s box? In June 2020, Brett Snodgrass made the bold decision of stepping out of his company to let it work without him. It wasn’t an easy decision for him, but it was necessary. A year down the line, Brett can comfortably say he made a wise decision. His business is doing exceptionally well, and he has room to work on what he loves to call his purpose.
What Dropping Your Ego Means with Jason Medley
If you are not a part of a mastermind, you are missing a lot of benefits. Masterminds give you room to interact and develop relationships with high achievers. They are ideal for personal and business development. Also, masterminds are great for accountability and brainstorming.
Wholesaling Real Estate - What is it? How does it work? with Cory Boatright
Marck delves deep into the world of wholesaling with Real Estate Expert, and Wholesaling Coach, Cory Boatright. What makes a good student, investing in yourself, and processing out wasteful tasks through delegation and automation.
20:05 Double closing vs. assigning a contract
27:30 What makes a good student?
29:08 Eliminate / Delegate / Create. Creating an opportunity to grow and scale
Dave Payerchin Is A Former Turn Key Provider Turned Single-Family Land-Grabber
Understanding Turnkey Investment with Dave Payerchin
Information is power. Have you been willing to invest in single-family units, but you don’t feel like you have enough information to help you make a decision? This episode is for you. Today, we have Dave Payerchin joining us on the show. We’ll be helping you understand the turnkey investments.
Found this right when I needed it!
This show has been super informative so far. I’m going on year 5 in property management and have been looking into making the step toward rental investments and listening to the information from such a successful business minded individual is priceless. I look forward to every new tidbit he will share with the world.