As real estate prices increase, and the supply of new construction fails to keep pace with demand, the need for middle income housing is a steadily rising challenge that many communities are experiencing. Today we’re going to discuss Workforce Housing. What is it, who benefits from it, and how is it being developed?
And here to have this conversation is Scott Choppin, a seasoned real estate developer with hundreds of millions of dollars of experience and specialization in workforce housing. He’s also the founder of Urban Pacific, which specializes in the development of a unique type of Urban TownHome.
Scott is going to share the development model that he’s employing in middle-income neighborhoods that cater to co-living and inter-family residents. We’ll discuss the cost saving techniques he’s employing to develop and build these properties without any type of government subsidies. We’ll also discuss the defensive nature of this type of housing against economic downturns and the financial fallout from the coronavirus pandemic.
There is a very real problem in which wages in our country aren’t keeping pace with the cost of housing. Creative solutions like the type Scott shares in this episode are necessary if we’re going to overcome these challenges. You can contact Scott through his website at www.urbanpacific.com or learn more through Urban Pacific’s youtube channel.
My guest today is a big fan of the Keanu Reeves movie “The Matrix”, and he believes that most people really are living in the Matrix and it’s his job to help them escape. He does this by teaching them the benefits of multifamily and apartment real estate investing
Since leaving a successful corporate America career, Jerome Myers has become a thought leader in the multifamily development space. Jerome leads The Myers Development Group which focuses on buying broken apartment building businesses and using innovative thinking and solid execution strategies to optimize the operational efficiency of the business.
Jerome asset manages 90 units and 90,000 square feet of workforce housing across Virginia and North Carolina and he’s on a mission to hold 1,000 doors in the next 8 years. He also hosts the podcast “Myers Methods Presents Multifamily Missteps”.
Today Jerome will take us through the process of acquiring, rehabbing and profiting from two of his multifamily properties, and we’ll also discuss why he prefers Joint Ventures over Syndications, why it’s so important to know how to convey the “Story” when applying for a loan, and how critical it is to establish a relationship with your lenders.
I know you’re going to enjoy and benefit from listening to this conversation with Jerome. You can contact Jerome through: https://www.jeromemyers.co
Today’s guest is going to talk about ‘Time’. Specifically, ‘Time Freedom’ and how you can achieve it through Real Estate Investing. He’s also going to discuss how you can transition from being an active investor to 100% passive.
Travis Watts is a full-time passive investor who has been investing in real estate since 2009. He’s invested in multi-family, single-family and vacation rentals. He’s also the Director of Investor Relations at Ashcroft Capital which was co-founded by Joe Fairless.
Travis has invested in over 27 passive syndications and has made it his mission to share passive investment strategies in order to help others achieve and maintain wealth in real estate.
Today Travis is going to describe his transition to Passive Investing, what he looks for in the sponsors and operators he invests with, Best Practices for Investor Communications, and specific examples of the deals he’s invested in.
I know you’re going to enjoy this conversation with Travis. You can contact him in the following ways:
Download Free Passive Investor Resource Guide @ https://ashcroftcapital.com/passiveinvestor-old/
Travis is also available on facebook, linkedin & biggerpockets
As real estate values increase, so too does the idea of selling your investment property and taking your profits off the table. One of the major considerations in doing so however, are the tax consequences. Many investors choose not to sell because they simply don’t want to pay taxes on their long-term gains.
There is a way, however, to take those gains and not pay taxes on them by transitioning those profits into a different investment property. I’m talking about the 1031 exchange, and it’s a tool that you can use to delay paying those taxes.
Dave Foster is a 1031 Exchange Expert, and he’s here today to help us understand how it works. Dave is the Founder & CEO of the 1031 Exchange Investor, and he’s also a degreed accountant and serial real estate investor, as well as a qualified intermediary and consultant. Today he’s going to share his tax saving strategies in order to help you maximize your real estate investment returns.
We’ll be discussing the timeline you must follow when doing a 1031 exchange, why you must have a qualified intermediary, the types of properties and investments you can do this with, and whether or not you can 1031 into a syndication. Dave also shares some great examples and unique 1031 strategies that I guarantee will make you say 'Wow'!
If you’ve ever considered selling an investment property and sheltering your profits through a 1031 exchange, you’ll definitely want to hear what Dave has to say. You can contact Dave through his website www.the1031investor.com
The 1031 Exchange order form that gets listeners a $50 discount is www.the1031investor.com/podcast
Dave can be reached at 850-889-1031 and at firstname.lastname@example.org.
To many people the real estate market may seem unpredictable, and the very real fear of losing money has been a huge psychological hurdle to overcome. Many investors don’t want to be at the mercy of the economy and the banks.
My guest today has found a way to circumvent that fear and risk by investing in real estate on His Terms. Chris Prefontaine is rewriting the rules of real estate and coaching investors on how to scale and automate their business without using their cash or credit. His family business has done over $80 Million in real estate transactions.
Chris is also the Best-Selling author of 2017’s “Real Estate On Your Terms” and this year’s “The New Rules Of Real Estate Investing”. Chris and his family are acquiring 5 to 10 properties every month and control between $20 to $30 Million --- all done on Terms without using their own cash, credit, or signing for loans.
Today we’re going to discuss what it means to invest in Real Estate on Your Terms, the two strategies Chris recommends that new investors prioritize, how he survived the Great Recession, and the Core Values he believes are necessary when starting a business.
You can contact Chris through his website: http://smartrealestatecoach.com
To Download the Book “Real Estate On Your Terms”: www.freeSRECbook.com and www.newrulesforfree.com
One of the highlights of the RPOA's 2020 Annual Conference was the Expert Panel on Short Term Vacation Rentals, and today you get to listen to this Pre-Covid-19 Conversation. We assembled an incredible group of experts and investors to help us understand the best practices for owning & operating short term vacation rentals, the biggest challenges facing the industry, and why its so important for the industry to professionalize and improve its perception in the community.
Ed Bodman has over 7 years of experience owning & operating short term rentals. Ed has become an expert in hospitality, hosting, maintenance, marketing, cleaning, staging, furnishing, buying right, and working with city government to promote his community.
Kim Post has a House and 10 cabins in Cadillac Michigan that will all be converted to short-term vacation rentals by fall. Currently the House and 6 cabins are online.
Kim’s been a real estate investor for over 30 years and is the owner of Post & Associates Appraisals and Next Door Properties, LLC
You can hear Kim on Episode #28 of the podcast.
Gary Hall is in his 4th season running an 11 unit as an airbnb motel.
Gary is an entrepreneur, passive income strategist, and the operations manager of Westshore Property Management in Muskegon managing both short and long term rentals.
Gary was also a guest on the podcast – episode #89 and the Halloween episode
If you're interested in investing in Short Term Vacation Rentals I know you're going to learn a lot from these experts. You can still join as a charter member in the Short Term Vacation Rental Association for $49 a year by following this link:
Become a Charter Member of the Short Term Rental Association
One of the best ways to increase your net operating income and cashflow is to get control over your utility expenses. Whether it’s through improving your existing systems and mechanicals, adding renewable sources such as solar panels, or installing water saving aerators to your faucets, there are many ways you can improve the energy efficiency of your properties.
However, this does require an investment of time and money. If you don’t have the funds to make this investment, you may be missing out on a huge profit opportunity.
Today we’re going to be discussing some of the energy efficient and cost-saving changes you can make to your investment property and the different types of programs and loans available that will cover the costs.
With us today is Scott Ringlein, the founder and CEO of The Energy Alliance Group of North America, who’s mission is to develop and deploy innovative solutions to energy, waste, and environmental challenges through the combination of technical and financial solutions. Scott will be sharing his knowledge on funding sources and grants available for energy improvements, PACE Financing, Solar Power, and other tips that will save you money.
You're definitely going to want to check out this episode and will likely benefit from Scott's information. Scott can be reached through his website: https://energyalliancegroup.org
You’re about to hear an incredibly informative conversation I had with Chris Ressa about Commercial Retail investing. We recorded this on March 11th, just before our country went into lockdown, and as we all know, retail has taken quite a beating over these past months.
What I’d love for you to do is to listen through this conversation to get a detailed understanding of how retail investing works, and then at the very end you’ll hear my follow-up conversation with Chris that we recorded this past week. Chris is going to update us on how his $3 billion portfolio has survived during the past three months. Definitely stick around to the end, because you won’t want to miss it!
Every time I drive by a strip mall with a TJ-Maxx, or a ROSS Dress For Less, or a Burlington Coat Factory, I always wonder, “Who owns that property, and what does that investment actually look like?” Today we’re going to talk about investing in retail. What are the factors that make this a profitable asset class, how do we value it, what are the risk factors, and in the age of amazon.com how will brick & mortar retail hold up in the future?
Luckily, we have an expert with us today to answer these questions. Chris Ressa is the Chief Operating Officer of DLC Management where he oversees an asset portfolio of $3 billion dollars and 18 million sq. ft. of retail space in 24 states. Since its founding in 1991, DLC has been one of the nation’s preeminent owners, operators and managers of shopping centers across the country.
Chris has been recognized by Chain Store Age and made their list of “10 Under 40: The Dazzling Dozen”. He also hosts the “Retail Retold podcast”. You can find out more about him through linkedin #RessaOnRealEstate, or by going to www.dlcmgmt.com
One of the asset classes that’s expected to hold up well during this Coronavirus Pandemic is Self-Storage. In fact, it tends to do well no matter how the economy is performing. Today we’re going to take a look at the factors that make Self-Storage so attractive and help you understand how to successfully invest in this sector.
And here to take a deep dive into this strategy is Kris Benson, the chief investment officer for Reliant Investments, a subsidiary of Reliant Real Estate Management, which is one of the top 25 commercial Self-Storage operators in the U.S. Reliant has completed over $650 Million in Self-Storage acquisitions and dispositions in the past 5 years.
We’ll also be discussing what it takes to put together a $50 Million fund, and Kris’ role in raising money for Reliant’s portfolio. For those of you who are syndicators or raising money for your own fund, you’ll definitely benefit from learning how Kris raises money from investors, how Reliant structures their investment opportunities, and the finer details of valuing every investor’s share in the fund.
You can contact Kris through www.reliantinvestments.com or linkedin (Kris Benson)
My guest today made a lifestyle real estate investment in an asset class that most of us can only dream of. He bought an Island! And he’s turning that island into the world’s sexiest off-the grid private luxury resort featuring over-water villas, treehouse jungle suites, and the world’s first over-water beach on stilts.
You may know Dan Behm from his online blog called “Why I bought an Island”, and if you’re from the West Michigan area you may know him as the Founder and Past CEO & President of the wildly successful tech company ‘OST’, or Open Systems Technologies.
Dan is also an entrepreneur and investor focusing on residential and commercial real estate, small businesses and international resorts. He’s received many awards over the years including the Ernst and Young Entrepreneur of the Year and the West Michigan MSU Business Person of the Year.
And today, Dan is going to tell us why he bought this island in Panama, the engineering and structural challenges his team had to overcome to turn it into a world-class resort, how he’s maximizing profit, and the Return On Investment he’s targeting for investors.
I know you’re going to enjoy this fun and inspiring conversation with Dan. You should also check out the video version on youtube, where you’ll be able to see photos, renderings, and video from the project.
You can find out more by going to https://bocasbali.com
Ellis Hammond is my guest today and he began investing in real estate while he was serving as a college pastor in San Diego. While his goal was to create passive cash flow for his family, he realized that investing in Real Estate could be an incredible resource to help his family and many others achieve financial freedom. He and his wife invested in a San Diego duplex in 2018 and 9 months later he became a Co-General Partner on a 144-unit apartment complex in Memphis TN.
Ellis is the founder of Kingdom Capitalists, the #1 mastermind community for Christian real estate entrepreneurs. He hosts a top-rated podcast called “Kingdom Capitalists” where he features other successful Christian entrepreneurs and business owners discussing their faith and success.
Today Ellis shares how he grew his real estate portfolio and how he uses his evangelistic skills to network and create communities on linkedin and meetup groups. He’ll break down his strategy for creating content that attracts opportunities and investors, and we’ll also discuss how his Christian Faith informs the decisions he makes as a landlord and entrepreneur.
I know you’re going to enjoy this episode. You can contact Ellis through linkedin, https://kingdomcapitalists.co or https://ellishammond.com
My guest today is one of the UK’s most successful self-made property investors. She started her first business at the age of 22 and even then she knew she had an entrepreneurial spirit which could not be constrained by a JOB. She broke out of the corporate world to follow her dreams and founded the Good Property Company UK which she has been running for over 10 years.
Susannah Cole believes anyone can make millions from property, and that it is possible to succeed even with very little money to start with. She has sourced, bought or let out more than 200 properties with a value of $45 Million Pounds, and has invested her own capital to develop her multi-million-pound property portfolio.
Susannah’s top priority is helping others achieve, or surpass, her own success. Today she’s going to share the strategies that have made her so successful. We’ll be discussing ‘HMO’s’, Homes of Multiple Occupancy, which are quite common in the UK. We’ll also be discussing the concept of ‘Deal Packaging’, which is similar to wholesaling with several key differences. Susannah is also an expert on raising money from High-Net Worth Investors and will be discussing how she’s been able to attract them to her investments.
You’ll definitely find the differences and similarities between investing in the United States and the UK highly interesting. Susannah’s experiences will help any listener improve their own investing. You can find out more through her Youtube channel: https://www.youtube.com/user/goodpropertycompany
and website: https://www.thegoodpropertycompany.co.uk
Many Multifamily & Apartment Investors are looking for opportunities wherever they make sense. Today's guest found what appeared to be an excellent upside opportunity in Macon, Georgia that he and his partner got under contract, completed due diligence on, raised the equity and sourced the financing. Everything was all set to close, until something came to light that changed the entire deal.
Today you're going to hear a story about why it's so important to keep looking, digging, and asking questions, even after you've completed your due diligence.
Here to share his story is Ken Jenkins, principal for Integrated Property Group Managers which owns and operates 181 units in South-East Michigan. Ken is also my cousin, and you may remember his previous appearances on EP# 16 & 17.
No matter what level of investor you may be, you will definitely benefit from hearing Ken's deep dive into a deal that looked like a winner but ended up being one he had no choice but to walk away from. You can reach Ken by email: email@example.com
Do you know what your financial freedom number is? The answer is the amount of passive income you’d need to achieve in order to cover all of your expenses and replace your job income. When you ask most people what their financial freedom number is, the most common answer is $10,000 a month in passive income.
Well today we’re going to talk to someone who has achieved that number. Ryan Chaw is a single-family home investor who has managed to create a six-figure rental portfolio in California where most houses are overpriced and cash flow is limited. Today he’s going to share his strategy for managing 4 single family homes himself while still working his full-time job. We’re also going to discuss important tips on preventing high-cost emergency repairs along with Ryan’s system on super targeted marketing.
Ryan is fast becoming an expert on converting traditional home rentals into multi-bedroom student housing. I know you’re going to appreciate learning more about the tools he’s using to manage remotely, ensure on-time rent payments, and market through Facebook. Ryan can be reached through his website: www.newbierealestateinvesting.com
When David Toupin was last on this show he was well on his way to real estate success as a co-owner of a $7 Million portfolio of 120 units, plus a successful single-family fix & flip business. Well at some point David invested in a rocket ship, because his momentum since then has been stratospheric.
Today David is a Top Millennial real estate investor, speaker, and entrepreneur. He co-founded Obsidian Capital with our previous guest, Glenn Gonzales, and has acted as a key principal with over $50 Million in real estate holdings and he’s raised well over $10 Million in capital. He also designed and developed a best-selling multifamily deal analyzer, and used that as a platform to found a new software company called Real Estate Lab.
You’re definitely going to want to hear why David moved his business from Detroit to Austin, Texas, the importance of financial analysis in deal-making, how he utilizes social media to attract investors, and how you can achieve his level of success no matter where you are in life.
David can be reached through Instagram @realestatejedi or https://www.obsidiancapitalco.com
One of the RPOA’s goals during this Coronavirus Pandemic is to keep you as up-to-date as possible with information that will help you survive and thrive as real estate investors. That’s why I’m so excited to be talking with today’s guest about the economic impact this pandemic is going to have on our real estate investments. If you’ve been looking for real data on our city, state & country’s economic strength & what all this means for your real estate portfolio, then you’re definitely going to want to hear this economic forecast with Paul Isley.
Paul is the Associate Dean and Economist for Undergraduate Programs in the Seidman College of Business at Grand Valley State University. If you’ve ever been to the RPOA’s annual conference then you already know that Paul is the most popular speaker by far. This year his presentation was standing room only, and his economic forecast was incredibly eye-opening.
Now, 8 weeks into this pandemic, Paul has new data that will shed light on the state of our economy and what we can expect in the coming months and years. Whether you listen to the podcast episode or watch the youtube video in order to view Paul's economic charts this is an episode you don't want to miss!
Last year at the RPOA annual conference I met Ramond Harris for the first time. After hearing his story about flipping, wholesaling and rehabbing in the Detroit area, I knew we needed to record a podcast. You may remember the Mastermind conversation we had with friends of this show Justin Workman and Patrick Spitzley on episode #168 where we helped brainstorm ways Ramond could fix his broken business model, decrease his debt by shedding some unused assets, and set himself up for huge growth.
Now, a year later, we’ve all met back up at the RPOA 2020 annual conference and we’re going to mastermind again with Ramond to see what’s changed and how his business has progressed since we last talked. We’ll also be discussing some new marketing and deal flow challenges that have cropped up, and how he might tackle them.
Joining us as well is Stephen Benedict, local Sheriff’s Sale Auction expert from episode #101, who has some valuable advice on how to beat out the competition at the auction table.
I know you’re going to enjoy this episode as much as I did. Ramond is very open about the very common challenges he faces in his business. You’ll also benefit greatly from the advice offered during the show.
My guest today wants you to know that if he can make it as a successful real estate investor, then anyone can. Glenn Gonzales began as a maintenance man working for several other successful real estate investors. As he grew more confident in his job, he began to realize how the proactive decisions he was making were improving the health of the properties he was maintaining. But it was the other lessons he learned on the job that propelled him to where he is today. Glenn is now the CEO and Co-Founder of Obsidian Capital, a real estate investment firm out of Austin Texas. In the past 6 years Glenn has accomplished over $290 Million in total acquisitions, 5,000 total units, and raised over $80 Million.
Glenn is also the author of the bestselling book “Maintenance Man to Millionaire: Real Estate Wealth Creation for Everyday People”. He’s also a great guy with a lot of fun stories to share, and today he’s going to tell us how he was continuously pushing himself to take on new challenges at the property management company he worked for, and how he was able to raise the funds to acquire his properties. We’ll also discuss his experiences raising money from crowdfunding companies, as well as Family Offices.
I know you’re going to enjoy this conversation with Glenn and benefit from his wisdom. Glenn can be reached by email or through his website:
Back in the pre-covid-19 days when people could actually sit together in the same room, a group of rental property owners met to answer one simple question: "When is it time to sell your rental property?" Even though the world has changed considerably since then, the answers they came up with still hold true today.
Let’s say you’ve acquired a decent sized portfolio of rental properties, they’re cash flowing, well-managed, and achieve your goals of long-term wealth. But maybe the cash flow you’re receiving isn’t enough to allow you to quit your job, or retire early, or pay for that cruise ship vacation. However, there is enough equity in your portfolio to sell for a substantial profit.
Is it time to sell and take your chips off the table? Or are you better served to stay on the ‘buy & hold’ path that you set out on so long ago?
Many investors are faced with this very question, and I have two of them in the studio with me today. Plus, I have a very special guest who’s going to help us talk through this very important decision-making process.
My first guest is Ben Blake, and when he was last on the show, episode #149, he discussed his 12-unit Grand Rapids portfolio, and why he decided to take over the management himself. Ben recently sold his entire portfolio, and today we’re going to learn why.
Also in the studio is Jeremy Schumann, who owns a 13-unit portfolio here in Grand Rapids, Michigan. Jeremy is currently trying to decide whether he should hold or sell, and we’ll be talking through that decision with him.
And friend of the show, Justin Workman, is joining us as well. Justin always lends a mathematical and informed perspective on these types of decisions, and I’m sure he’ll balance out any opinions I might have as the four of us go through the different thought processes and cashflow and appreciation calculations a rental owner must consider before selling their investment property.
And visit our show on Facebook to leave comments and ask questions by going to "RPOA Rental Property Owner & Real Estate Investor Podcast"
Imagine what it’s like to get started in real estate investing when you have nothing. No money, no experience and no network. Now imagine you’re also in your 20’s and have more student loan debt than actual capital to invest in deals. On top of that, you have a job in corporate America, but you’re still BROKE.
That is where today’s guest was 8 years ago. Ryan Narus is a self-made real estate entrepreneur and accredited investor who started with nothing and now owns and operates 12 Mobile Home Parks spanning over 1,300 units. He’s the co-founder of The Archimedes Group where he works at home, has 5 employees, and hosts his own podcast called ‘Mobile Home Parks in Real Life”.
Today Ryan is going to share why he was eager to sacrifice and do things others weren’t willing to do, so that he could live the life others only dream of. We’re also going to discuss the nitty gritty of mobile home park investing, including the times Ryan has had his life threatened while confronting drug dealers on his properties. Despite all this you’ll learn why Ryan has dedicated his business to this asset class. You can contact Ryan through his website: http://www.archimedesgrp.com
Hello everybody. I hope you’re all safe & healthy and maintaining your sanity in this Coronavirus world we now find ourselves in.
If you’re a rental property owner or investor, you might have some questions about the State of Michigan's Executive Order to stay in place and what this means to you. We still have tenants to take care of, buildings to maintain, units to fill, and bills to pay. It’s not always clear which of those activities are considered essential, and which ones will get us in trouble.
Luckily the Rental Property Owners Association has been in communication with the Governor’s office here in Michigan, and we’re going to clarify what you can and can’t do in this very special episode with Clay Powell, the Director of the RPOA of Michigan and Grand Rapids.
You can access the RPOA’s online courses by going to www.rpoaonline.org
You can also call the RPOA at 616-454-3385
Or email: firstname.lastname@example.org
I hope all of you are safe and healthy. Here in Michigan we are on lockdown, and wherever you are in the world I hope you’re doing well and taking this coronavirus pandemic seriously.
There is no way to discuss real estate right now without admitting that every asset-class will be impacted heavily. Today I’m talking with Kevin Bupp about his investments in mobile home parks across the United States to find out how he believes they’ll hold up in this new economic reality. Kevin is going to share the high-level conversations he’s been having with his team and the processes they’ve put in place to help their residents who suddenly find themselves unable to pay their rent.
We’ll also be discussing Parking Lots as an Asset Class. Kevin is going to share why they’re such an under-appreciated & over-looked asset, the economics of owning them, and how he’s finding Mom & Pop type operators who are willing to sell them.
Kevin is the Founder & CEO of Sunrise Capital Investors and he has over 16 years of experience and over $100 Million in transactions. He teaches others how to invest in mobile home parks through his Mobile Home Academy and he also hosts the very popular podcast “The Real Estate Investing for Cash Flow Podcast”.
If you’re looking for a deep dive into the in’s & out’s of mobile home park investing you can listen to my previous conversation with Kevin on episode #181 of this show. You can find out more about Kevin by going to https://www.kevinbupp.com
This coronavirus pandemic has changed our society and the way we live in a very short amount of time. Those of us who own investment property can’t help but ask: “How bad will it get, what does this mean for my investments, and will there be new opportunities that arise from these unfortunate circumstances?”
There are so many opinions and overnight experts sharing those opinions, that it can be difficult separating the good information from the bad. That’s why I’m excited to have Neal Bawa on the show today in order to cut through the clutter and give us a clear-eyed perspective on what we can expect.
Neal is not only a real estate expert with a $250 + million portfolio of multifamily, mixed-use and self-storage, but he’s also a technologist who successfully applies data science to his systems and processes. Neal is also the CEO and Founder of Grocapitus and Multifamily University and he’s known as the Mad Scientist of Multifamily.
In our conversation today, Neal is going to help us understand the two distinct scenarios that could occur depending on our government’s willingness to put many parts of the U.S. on lockdown. He’ll discuss the outlook for multifamily and apartment investors and breakdown the different asset classes on their vulnerabilities to the economic shock. Neal will also share the types of opportunities he sees on the horizon and whether you should be doing any deals right now.
If you own and invest in real estate then you’ll definitely want to hear what Neal has to say. He’s not going to sugar-coat the truth, and there are some silver linings that could help us survive and thrive through this difficult time. If you want to learn more about Neal or get access to his timely webinars, you can go to:
Are we heading into another recession? If so, how will it affect housing and real estate prices? Mike VanderWoude doesn’t have a crystal ball to answer that question, but what he does have is historical data from the previous five recessions to help us understand what might happen. And you’ll probably be as surprised as I was by his answers.
And if you’re wondering what effect the Coronavirus is having on real estate so far, Mike also shares his ‘on-the-ground’ perspective in a quick update at the end of this episode.
Mike is an Associate Broker at Edison Brokers + Co in Grand Rapids, Michigan. He was also a guest on Episode #79 where we discussed his dilapidated & run-down 2-unit that he had purchased and renovated on the West-side of Grand Rapids. It was right next door to a 4-unit that I owned. Since then, Mike has purchased my 4-unit and he’s going to let us know how its working out.
I believe you’ll find great reassurance from Mike in this episode that, based on historical data, real estate is likely to do okay during these turbulent times. You’ll also learn the value of ‘controlling the corner’ and playing real life ‘Monopoly’. You can get in touch with Mike by email or phone:
What do you do if you have a 'no pet' policy and your tenant decides that they need an Emotional Support Animal. What if that animal happens to be a pig, or a goat, or a bat? Well, as crazy as it sounds, this is happening to landlords and its protected by laws and rental rules.
Part of the RPOA's mission is to fight these types of laws that are adverse to a rental property owner's ability to control the well-being of their property and business.
And helping us fight these laws and pass better ones here in Michigan is Tabitha Zimny, an Associate Lobbyist for Karoub Associates out of Lansing. Also joining us is Clay Powell, the Director of the RPOA of Michigan and Grand Rapids.
Today we're going to discuss legislation having to do with Emotional Support Animals, Short-Term & Vacation Rentals, Rent Control, and the upcoming LLC bill that allows landlords the ability to represent themselves in eviction court even if they own their property through an LLC.
Clay will also be making a special announcement regarding the new Short-Term Rental Association which will be representing Short-Term & Vacation rental owners across Michigan. We'll also discuss the RPOA PAC fund, which brings us to the table with our lawmakers in order to have influence on the votes and decisions they make.
If you own rental property it is imperative that you know what's going on at the legislative level that will affect your business. After listening to this episode you'll have a much better understanding of the gauntlet a bill has to go through to become a law, as well as the importance of the RPOA and Tabitha in shaping those laws.