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

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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In this episode, we reveal how guests were accessing our owner's closet and garage despite our best efforts to keep these areas off-limits. Discover how we maintain security with keyed deadbolts and electronic numeric keypads, and hear about our puzzling experience with guests repeatedly breaking into the garage. Learn from our mistake and get practical tips on securing your property, ensuring your off-limit areas remain truly private.
 
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Inspired by James Clear's "Atomic Habits," this episode dives into the importance of focusing on your current trajectory rather than immediate results. Join us as we recount a personal story about building a chevron-style outdoor table and how a tiny deviation in measurements can lead to significant misalignment over time. Learn how to make these tiny, impactful shifts and start building the future you desire, one small habit at a time.
 
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In this episode, we tackle the frustrating issue of VA turnover and how you can break the cycle using a bit of simple science—no degrees required! Hear about a real community member's experience and the solution that turned things around: hiring based on personality traits. Discover why highly neurotic individuals excel in admin roles and how the Big Five Personality Test can be your secret weapon in finding the perfect VA. Don’t miss this chance to transform your hiring strategy and achieve greater success with your VAs!
 
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In this episode, we dive into the critical importance of capital reserve accounts, highlighted by a recent $18,856 HVAC replacement expense. Learn how combining cash, lines of credit, and the cash value of a whole life insurance policy can safeguard your finances. We discuss the benefits of high-interest savings accounts, strategic use of credit lines, and leveraging life insurance policies. Learn some valuable tips to help you plan for those inevitable big expenses.
 
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