Posts

059: An Introduction to ‘The Ultimate Deal Finding Guide’ by REtipster

Big news on the podcast today. After a year of working behind the scenes to create content for our next big project, we are FINALLY ready to launch The Ultimate Deal Finding Guide , a course by REtipster, all about how to find incredible real estate deals. If any single issue qualifies as the most important one to have a firm grasp on as a real estate investor, this is it. When I was getting started, I struggled a lot with finding great deals that would actually make money. I didn’t have anyone to take me by the hand and show me how to spot opportunities that nobody else knew about. When I figured out that there was a multitude of ways I could find off-market opportunities without fighting against constant cut-throat competition, everything changed . When I finally had a competitive advantage that the average investor in my market wasn’t aware of, the rest of the business got significantly easier. If the subject of finding great real estate deals is something you need help with...

Stessa Review: See What This Free Software Can Do For Your Rentals

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Still using Excel files to track your rental properties’ financials? Most new landlords don’t realize just how much data and information they need to track on an ongoing basis for each rental property. Sure, landlords need to track income rents and outgoing mortgage payments. But there’s a lot more to the story, including expenses like repairs, maintenance, property management fees, taxes, insurance, bookkeeping, accounting, mileage, and more. And of course, this says nothing of other financial information such as property values and mortgage balances or all the documentation that goes along with them, like lease agreements, move-in/move-out condition statements and photos, property management contracts, appraisals, home inspection reports, and insurance policies. Once upon a time, landlords and property managers kept track of their numbers and stored paper documents in a huge filing cabinet. In more recent decades, they started keeping electronic files saved on their hard drives. ...

058: How To Sell Land (Without Driving Yourself Crazy) – Interview w/ Clint Turner

Today we’re talking with a recent acquaintance of mine named Clint Turner. Clint reached out to me recently because he’s been putting together a well-organized framework for selling vacant land properties (and even though Clint talks about this stuff in the context of the land business, I think a lot of this applies to every niche of real estate). He gave me the chance to look at a course he’s built and from what I’ve seen of it, I thought it brought some value to the table with some good ideas for people to think about if they’ve been struggling with the selling side of their real estate business. For a lot of land investors, “selling” is one of the biggest challenges and bottlenecks they have to deal with, so I thought it would make sense to get Clint on the podcast to hear more directly from him about how he does things differently than most land investors and why it works. Links and Resources Learn.Land (Clint’s website) GeekPay Heartland Payment Systems Follow Up Boss ...

How to Win Big as a Property Manager

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This blog post is sponsored by  TenantCloud. I’ve always thought that managing rental properties was one of the hardest jobs in the real estate world. When you’re trying to maintain a growing portfolio of properties, with tenants who are constantly moving around, submitting maintenance requests, missing payments and dishing out a never-ending list of jobs to do, life can get stressful in a hurry. Being a landlord can easily become a full-time job, and if you don’t have a good system to keep the chaos in order, you can quickly fall into the DIY landlord stereotype of overlooking details, losing track of emails and missing deadlines. Even though a landlord’s job can be full of challenges, there are some pretty effective ways to eliminate the most common issues, so you can stop stressing out and start focusing on growing a healthier business that actually improves your life. In this blog post, I’m going to show you 5 ways TenantCloud can be a total game-changer for landlords. I...

Expand Your Online Presence Through Zillow

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In a recent report from the National Association of Realtors, 44% of all home buyers used an online resource as a first step in searching for a new home. For home sellers, the internet played a significant role during the selling process as well, as websites were one of the main tools used to market a home. With more and more home buyers and sellers relying on online resources for their real estate goals, it’s now more important than ever for agents to be well-versed in how clients navigate the internet. For agents, having a website and a strong social media presence is essential, but what else can you do to expand your online reach? How can you complement your efforts in order to take your brand to the next level? Establish your presence on the top online real estate marketplace We get it – maintaining several social media accounts and online profiles can be quite a chore. But if you were to create just one other online profile to complement your website, Zillow is definitely ...

056: What Does a Real Estate “Syndication” Really Mean? Joe Fairless Explains…

Today we are honored and excited to have the one and only Joe Fairless on the REtipster Podcast. Joe is the host and founder of the longest-running daily real estate podcast on Apple Podcasts, the “ Best Real Estate Investing Advice Ever ” podcast. He currently controls over $400,000,000 worth of apartments in Dallas and Houston and consults for investors who want to raise money and buy apartment buildings. Jaren and I wanted to have Joe on the show because Jaren has been doing a lot of research on the apartment space and has been getting a lot out of a book Joe co-wrote called “ The Best Ever Apartment Syndication Book ”. In this interview, we’re going to talk about some of the basics of how apartment syndications work, what kind of investor they’re ideal for and some insights to keep in mind if YOU ever want to put together apartment syndication project of your own. Links and Resources JoeFairless.com (Joe’s Website) Best Real Estate Investing Advice Ever Show (Joe’s Podca...

When a Real Estate Investor “Goes Postal”

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Not long ago, I was reflecting on how glad I am that I hardly ever have to go to the post office anymore. My local post office is a nightmare to work with. Example #1 – Last Christmas season, one of the local news stations did an expose’ on our post office because they had packages strung out all over the ground, sorting them on the lawn (in bad weather). Example #2 (and #3 and #4) – I have multiple times taken home security camera video to the postmaster showing him that our postal carrier never came to the door asking me to sign for a “signature required” package – instead they just put an “attempted delivery” card in the mailbox rather than get out of the mail van and walk to the door. In all three instances, it was an eagerly awaited and expected cashier’s check on its way back to me from a mobile notary in a postage-paid and tracked Priority Mail envelope. Anyway, I digress…. In the real estate business, we frequently run into instances where we need to mail one or a few...