"Real estate investing can be completely passive because you can pass on all of your day-to-day duties to a property management company."
"What would happen if you just bought one property every single year for the rest of your life?"
"Put yourself in a position to... buy a duplex, triplex, or fourplex."
"The central principle is that nobody takes care of somebody else's property as well as he takes care of his own."
"Protect what you love. That's what I've done on all my property."
"Hopefully that's what's fun... it's been so long since the property had a direct I can't wait."
"Your stuff is your stuff, his stuff is his stuff. Don't get too confused."
"Individual landlords or mom-and-pop businesses own about 4 out of 10 rental units in the U.S."
"Vichi's income does come from their rent, and if they don't get that rent from their tenants, they're not able to support their debt payments for owning the properties."
"Our properties are performing above expectations, and we anticipate significant debt reduction."
"I do not--I repeat, I do not--want you managing these properties yourself, especially if you're out-of-state, OK?"
"The cash flow from these mobile homes is incredible to make 12 to 15 uh to have very little responsibility other than management."
"That loss triggered something in me and how I invest. I almost never sell, so the rent to own, I don't do that because I would never want to see one of my properties sold."
"If you don't see the light in the next 24 months, then sell the house."
"You gotta be willing to do work other people aren't doing, you have to be thinking about how to run your property better than other people are running it."
"Oh, you thought you won? I'm gonna bulldoze this whole animal shelter anyway."
"It's easier to do something creative when dealing with smaller properties."
"Every piece of property has an issue; you can either isolate the issue or celebrate the issue."
"I never agreed to any services and my wife had even decided against cutting some of the Pines down because she liked the wooded appearance."
"Generally, the rule of real estate is just never sell."
"House hacking gives you the ability to learn how to be a landlord but you're basically wearing training wheels."
"If your time is better spent doing anything else, then it does make sense you hire a property manager."
"I was trying to make the house cost exactly a million simoleons."
"The way real estate investing works is you're gonna buy a property but you're not gonna buy it for you to live in yourself, you're gonna buy it for somebody else to move in and live in."
"I want to buy stuff, I want to rent it out, I want to refinance, I want to buy, I want to sell. That's enough for me to do."
"Experience the thrill of property ownership."
"These web classes directly apply to you...helping you understand how you can navigate not only managing your property but also hunting strategically."
"The nightclub is the best property to own in Grand Theft Auto online hands down."
"As long as you rent out the property for 15 days or more with an average customer in there for seven days or less, you can claim the property as a rental property."
"Placing a bad tenant is terrible and will cost you way more than keeping a place vacant for a month or two."
"I get a lot of personal satisfaction from fixing a place up and then handing the keys over to someone who really enjoys it and wants to live there."
"Even if you never use this property for the business side of it."
"You want to buy properties in a homeowners association to rent them out."
"Act quickly with bad tenants; don't let this drag out."
"Get landlord insurance; it's your first line of defense."
"Screen for a good tenant; getting a bad tenant is a disaster."
"If they trash the properties, thinking they're going to keep their taxes down, they're wrong."
"The building had 136 condominium units. Unlike an apartment property with a single owner, Champlain Towers South was collectively maintained by those 136 condo owners through an association with board members."
"I found a 2.1 million dollar 33 unit apartment complex and I have it under contract."
"Buying those properties turned out to be the beginning of a nightmare for him."
"I love that as rookie investors themselves they've been able to take purchase a property and take it all the way through to the end of the BRR strategy."
"I'm buying 20 units right if it's a single family I'm buying 10 units if it's a duplex I'm buying what? 20. If it was a four-plex that'd be smart. Do it ten times."
"They really went the extra mile at this property."
"This is what the owner wants: find him, talk to him, and tell him not to come back. That's a totally reasonable response."
"You're going out and you're buying this property but you're not buying it to live in or use yourself you're buying it to rent out to somebody else."
"The short-term rental mixed with house hacking equals game changer."
"The rental income was only there to pay for the expenses for the property the real wealth for me and my little real estate plan was the equity."
"So now it's time to turn my attention towards this property in a more holistic way."
"It's amazing how when I actually pull up to my house now I'm kind of proud of it versus it just being a jungle, a mess, and being kind of embarrassing."
"Positive culmination of energies surrounding your home, property, and your family."
"He gets rent that's guaranteed, he can have his pick of the litter when he wants to choose who he wants to rent to."
"I would rather have a place stay empty for a little bit than buy something just to fill space."
"Being a good landlord reduces your liability substantially."
"Real estate is a customer service business. If you take care of your tenants, you save more money and make more money in the long run."
"You need a reputation of being a good landlord and that's hard when you're just getting started."
"Happy tenant, happy life... turnover is the enemy of landlords."
"It's not my job to fix the building, it's the landlord's job."
"This is actually our third summer here on our property."
"She works oh my gosh harder than anybody I think on the property."
"The use of real estate has a value separate and apart from how that real estate is financed."
"You want to spend as much time as you can watching your property, see what happens in different areas and be aware."
"It's probably in your best interest to have an Adu on your property from a tax play perspective."
"Everybody wants to be the lender, nobody wants to be the landlord."
"Because that's the other thing is there is no management anywhere on this property."
"The more doors, the better." - "Yo, I agree with Grant Cardone, the more doors, the better."
"So if you rent it out and you file it on your taxes and show it as a true investment you shouldn't have an issue with the house hack to start your house hacking."
"Define your property avatar, keep it small, simple, and scalable."
"I've always wanted a video game that you heal the enemy to win."
"Once you have purchased a property, step six is to find tenants."
"Slum lords in chief to any dying wall they can get their hands on."
"Honestly, that's probably every landlord's worst nightmare."
"A completed rock solid wireless network for this complicated lake house property."
"There's different parts of your property that you want to be able to view at different times of the day."
"They got the property, they took it outside Russia, they invested it in London."
"I can't wait to take all this knowledge and experience that I have now and take it to my own property."
"If your bucks are not bedding on your property, you don't find sheds, that's the first thing you need to fix."
"They've beat back a lot of the poison ivy and the invasive weeds, and they've just made getting around our property a lot more manageable."
"Having a good property manager can make your life a whole lot easier when investing in real estate."
"If you have a property that can go on Airbnb for four nights or six nights, it is essentially the same property that can also be booked off to a travel nurse or relocating family."
"Your property should have the healthy blend of monthly opportunities, multi-week opportunities, three-day, four-day opportunities. You want to maximize your revenue all year."
"Start your systems and processes with your very first property."
"If you can get proactive, you can be more proactive, get better quality tenants, a bigger tenant pool, and place somebody who's going to be higher quality in your house."
"Choose the right tenant. They will make or break your property."
"This is what we have dealt with for the past 3 years since we own this property: a little mud hole for a duck pond."
"Better an empty apartment than a bad tenant."
"...for an able-bodied guy like me, it's taken you know five or six hours to use GPS and walk the entire border of my property to post up signs not crazy but also not easy."
"I got so many trees on my property. This is perfect. You can go around the trees easily. Quickly. I love them."
"I had a lady call me up today vacant land somebody's been there for five years and they haven't done anything and now they call me up."
"Financially... it's a better move to just finish the house, get it ready for a long-term tenant, hire a property management company, and just make our 1500 bucks a month."
"It's more than just filling your units."
"You can almost do nothing just buy the property and manage it well and then get the rent up from 1264 to 1350. that's an 86 dollar increase just for managing it and catching it up to market."
"When you find a good property manager, stick with that person and build your business around that person."
"No tenant is better than a bad tenant."
"Factor in two separate P&Ls, one for the land, say $300 lot rent, and all your land-related repair and maintenance, run a separate P&L at your roughly $350 house rent, and back out all your repair and maintenance there."
"I use a class for each property, and I also use customers for the properties on rental properties."
"I expect as the family continues to get older and want to hunt more, we will have more hunting pressure on the property."
"So whether you've got a small farm and you're hanging one set or you've got multiple Farms or a big property safety's always first."
"You should charge fair rents, respond quickly to tenants, and treat them with respect."
"You should not be desperate to fill vacancies and should take your time to screen tenants to avoid headaches."
"The lack of awareness of the physical condition of your property can lead to system failures and high expenditures."
"Keep the agreement duration as short as possible, preferably a year to be renewed by the same tenant or ended so you can lease the property again to a new tenant at the upgraded market price."
"Make sure the management company is actually reputable."
"It's a good collecting area here, but it can drain down underneath. I've found just out on the road that I don't need it."
"Anytime that you're getting into fix and flip you're starting a business where someone is gonna have to show up to that property, make repairs, and then you're gonna have to list that property back online."
"It's gonna make so many things so much easier on this property to be able to pull up with all the tools and supplies we need to get a project or job or repair done."
"That's destruction of company property."
"It's gone guys, it's off the property and it's gone."
"The landlord is responsible for maintaining the common areas."
"It's pretty crazy to see someone at 21 years old scale to over 70 Section 8 properties."
"It's definitely rising in demand, especially with larger apartment communities and property management companies that are looking for an additional way or resource to bring on a new revenue, and this is one of those ways."
"One good asset in property management is where the money is really made, and that is one of the biggest challenges that you have in small markets."
"Once you do hire a property manager, whether that's from the very beginning or later on in your career, it doesn't stop the process of you being an involved and engaged real estate investor."
"If you follow these property management rules you'll dramatically decrease the odds of you ever getting screwed by a tenant."
"Having said that, here's some tips for those who either want to hire property managers: learn what they're responsible for and what you are responsible for."
"My third tip if you want to manage your own properties is use reciprocity. Reciprocity is the idea of giving and taking."
"You should have your website up and running. It can be basic, but you need to have some basic things before you kind of hang your shingle as a professional property manager."
"...were these people I wanted to manage my property but also, you know, some intel or listening to what the tenants wanted."
"You really do. I mean, that's a good deal it really is, like the property manager probably does have to do that. They do have to offer you some sort of compensation I presume but this seems like a pretty, pretty good deal."
"It just seems like really fun to decorate an apartment and rent it out."
"If you hire a property manager or a maintenance man, you can deduct their wages on your schedule E against your passive real estate income."
"I'm doing property management and with property management, the thing is, like I said, when you become that guy that they can rely on."
"I was right in my thinking there because yeah, I found out from the property manager that the landlord had basically a team of lawyers."
"It's when you're scaling it doesn't make sense to be in the weeds of your own property all the time."
"Cozy is a completely free, no catches, no gimmicks, 100% free property management software."
"Use management software like Rent Ready with all your management tasks in one place."
"Treat every property like you have one tenant and every tenant like you only have one, and treat every property like you have a hundred."
"I have roid or paid off the shed many times over now."
"It will be the best habitat on your property by far."
"With the closing of the base in 1995, the village of Glenview avoided fights with developers by developing the 1100-acre property itself."
"You can potentially have none of your own money in the deal and put an extra twenty thousand dollars in your pocket to buy another property."
"Perhaps father if a suitable tenant could be found for Kellynch, we might winter agreeably in Bath or even longer indeed."
"If you believe there might be a risk of flooding during rainfalls, consider elevating your property."
"You need to look after the outside space as well as the inside space if you're going to get maximum valuation and a fair, good rent."
"If you have not been trustworthy with someone else's property, who will give you property of your own?"
"You can actually end up saving like thousands of pounds across your entire property project."
"Things have really taken off, I've made money, uh rent to rent, it's fully let."
"Property is all about resolving problems. You are going to get hit with problems every single day; it's your ability to be able to deal with those problems, come up with solutions, that keeps pushing you forward."
"One way to make money with real estate is to buy a property and hold it."
"Property management 101: always take time to smell the roses."
"I'd rather leave the unit empty than have a bad tenant."
"Hold on to the properties as long as you can because you'll be making a lot of money from your rental properties if you buy them correctly."
"As a landlord, you get bogged down in the day-to-day, but have you really looked at over the past year, what has the cash flow been looking like?"
"Financial reporting is something that we use all the time and that especially as a property management company it's really really helpful."
"Do what's best for the property, do what's best economically."
"I'm going to keep using it; I think it is still the best option out there for free rent collection."
"It's basically just a back-end software for anyone that is owning or managing other people's properties."
"This is a Unified Inbox so it means that anyone that messages us on any one of our properties from any one of the platforms they're listed on, it all comes in here into this one centralized place."
"Gross rental income minus your vacancy leaves us with your effective gross income."
"Either your property manager is going to make your life completely miserable or they're going to make your life very free and clear."
"One of the people that you have to have on your team if you want to be a passive real estate investor is a really really really good property manager."
"...your property manager is going to cost money, however, in exchange for the fee that your property manager charges you get your time back."
"With this website, your customers will be able to log into your website and submit properties on their own."
"I know that I will take really good care of their house."
"The more heirs you have, the more difficult it is to keep property intact from one generation to the next."
"With owner financing, you don't have to deal with tenants, toilets, and trash."
"It's really important to have units ready, and if you're not measuring, are they ready to move into, you're probably not going to lease those units."
"The very basic thing you should do is have the property manager take a look at the rents, the vacancies, the other income, the expenses."
"The most important person on your team is the property manager."
"Property management is so nuanced, there's no two days the same."
"Don't get overleveraged, buy great properties and be able to stick with them for as long as it takes."
"Maintain your properties, folks. If you're going to own an old property, you've got to maintain it."
"Condominium units have property management office that takes care of the maintenance and the security of the building."
"Those inspections will actually help you to be a good steward of your property and the upkeep of it."
"You want to do a good housing scrub. Make sure your gutters are leak-free, make sure your water's going the right way."
"More often than not, I recommend my clients to refinance a property rather than selling it."
"If you're a tenant, if you're a landlord, if you own a property and you're renting it out to someone, you need to be available to fix problems."
"Effective income is potential gross income minus vacancy and collection losses."
"Great opportunity for a flip project or a buy and hold."
"The number one thing to do when finding a lazy landlord is you want to find a landlord who doesn't raise the rent at all."
"You're just going to show that you can raise rents, reduce expenses, and increase their NOI, which is their net operating income."
"The system allows you to stay out of your property, be less intrusive, monitor things from afar."
"Mis Sue, hello, I'm Wang Lan, the property manager here, I'm delighted that you're moving into our No. 1 Villa."
"We took that one property and then started marketing to other owners."
"If I have somebody that is great to my property, they treat it like their own."
"Don't get greedy, don't raise it to market rate when you have a good tenant that keeps the property clean."
"Pick the location right, manage the property right, take care of the tenants, don't over leverage."
"As a property entrepreneur, you can make a significant amount of money without owning property when you know how to control it."
"I gotta say, the last 24-48 hours that I've been here, I have learned a ton about this property that I did not know."
"House Hack makes money by buying great deals and doing a great job managing them."
"Renting out properties does give you some kind of benefit."
"Less than 5% of all deer properties are daylight-focused mature buck properties in the neighborhood."
"Take care of your property, in the future you will sell it for a little bit more than what you bought it for."
"We decided that we're going to Airbnb our house now instead of rent it out."
"We take pride in taking care of our properties."
"We're making some progress on our property, getting things squared away and taken care of."
"I wouldn't sell something that cash flows nicely either."