This Is #HoltonWiseTV is video series consisting of short clips and or highlights of the things we do & talk about here on #HoltonWiseTV. These clips are intended to give viewers a sneak peak at what they can expect when subscribing to #HoltonWiseTV to watch our full length content or working with our team to invest in Real Estate.
The MLS (Multiple Listing Service) is where 87% of houses in the United States are sold. It's estimated that annually, there are over 2 million licensed Real Estate Agents or Realtors selling properties on the MLS. Having your own MLS access is a very powerful tool for investors. Imagine being able to see what's going on in a market with the powerful software tools that real-estate agents have access to! The best part, you don't have to be a licensed Real Estate Agent or work with a Realtor to get it.
CLICK THE LINKS BELOW FOR YOUR OWN REAL TIME MLS ACCESS
Real Estate isn't always sunshine and rainbows. It's got a dark side. To be honest real estate can be scary or even dangerous. Typically, a day in the life of a real estate investor can be filled with evictions, tenants from hell, trashed houses, slumlords, dangerous neighborhoods, squatters, drug addicts, criminals, domestic violence, felons and interactions with the local police department and housing court in addition to poop. Lots and lots of poop. Poop on the walls. Poop on the floors. Poop all over the place.....And we've got all of it ON CAMERA.
You've probably been told not to over leverage yourself because it's dangerous. You've probably been told that it's less risky to buy a house with cash instead of a mortgage because you shouldn't risk what you don't have, right? Wrong! Buying a house with cash is actually MORE risky than buying a house using a bank loan. Believe it or not, your bank has got your back when it comes to the purchasing a home.
Capital Expenditures, or CapEx is a very important line item that a real estate investor needs to understand when they are doing due diligence on a rental property acquisition. On HoltonWiseTV you’ll learn about some of the unique characteristics of this type of expense, and how to predict and plan for CapEx in the future, in addition to other fixed & variable expenses such as property insurance, taxes, repairs, maintenance, utilities, vacancy and non payment of rent. In addition, HoltonWiseTV tackles subjects that real estate investors often struggle with such as, calculating the return on investment, assessing the risk of a neighborhood, calculating the cash on cash return and understanding the cap rate.
Like many, you're probably worried about the physical & economic repercussions of the Coronavirus Pandemic. The good news is that there are things you can do as a landlord or property manager to get through covid 19 with your real estate business in tact. It's doubtful you'll come out of covid 19 completely unscathed but despite popular belief rent during coronavirus is not cancelled. This video will show you how to collect rent during covid.
Clayton Morris & Meet Kevin talk with James Wise about the scam & fraud allegations levied against former Fox News TV personality Clayton Morris & his real estate investment company Morris Invest.
Many people are concerned about the CDC eviction moratorium. Evicting tenants...It's a tough job, but somebody's got to do it. You've probably heard that evictions are banned because of the Coronavirus. What does that mean, exactly? As a landlord you've got bills to pay to keep your business afloat. Is it really true that rent is free during the Coronavirus? Is it illegal to evict a tenant during Covid-19? What should a landlord or property manager do if their tenant cannot pay rent due to the Coronavirus? Can a landlord evict a tenant after Covid-19? Should a landlord start the eviction now or wait until the Coronavirus pandemic is over?
You've probably heard an endless amount of discussion about all of the tenants who are having trouble paying rent during the Coronavirus Pandemic. But what about your vacant rental properties? The CDC eviction moratorium is tough on everyone. Is there covid rent assistance available? What should a property manager do with vacant rental properties as COVID-19 continues to wreak havoc on the economy? Should landlords leave vacant properties empty during COVID-19 or rent them to new tenants during COVID-19? Which tenants are the most likely to pay rent during the Coronavirus? Which tenants are being helped the most by the Government during the Coronavirus? Are there really tenants out there who's rent will be paid by the Government during COVID-19?
The Coronavirus (COVID-19) Pandemic has hit the world's economy like nothing we've ever seen before. If you are a Landlord or Property Manager who is trying to navigate the new normal amid the era of unprecedented unemployment caused by social distancing, you need to make sure you understand your landlord tenant laws, eviction protocols, eviction moratoriums, and what you can and cannot do legally as you face new levels of unpaid rent in your real estate portfolio. What's the deal with the eviction moratorium? What can a landlord do or say during the moratorium? What are your rights as a landlord?
Amid the Coronavirus (COVID-19) Pandemic the Paycheck Protection Program (PPP) authorized $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. Unfortunately this money ran out in only 14 days. With Republicans and Democrats at odds over how to best move forward with the next rounds of funding many are wondering if there will be another covid check. With Donald Trump, Chuck Schumer and Nancy Pelosi more concerned about attacking each other politically it may make sense for real estate investors to look towards other sources of Coronavirus stimulus assistance as another covid stimulus check may never come.
Rent during Covid has a lot of tenants and landlords worried. Will there be rent relief? What if the $1,200 Coronavirus stimulus check isn't enough money to keep your tenant's rent paid? There are more COVID-19 assistance options available to you and your tenants. Find out about them here.
Renting properties to Section 8 tenants can be great money if you and your property manager knows how the popular government voucher system works. On the flip side, Section 8 can seem like a terrible experience if you or your property manager doesn't understand how to work with the program. Mackaylee Beach from USREEB discusses some of the pros and cons of owning Section 8 real estate in Kansas City, Missouri.
If you've thought about investing in Kansas City real estate it's important for you to get a firm understanding of the various neighborhoods in the Kansas City, Missouri market. Mackaylee Beach from USREEB breaks down the properties in C Class neighborhoods in the Kansas City area. She gives investors a realistic set of cash flow and risk expectations should they decide to invest in C Class rental properties in the Kansas City, Missouri market.
Are you a real estate investor, wholesaler or landlord? If so, stay tuned because you are about to find out how you can analyze a property and run comps the right way. Far too many unsophisticated real estate investors, wholesalers or landlords are running their real estate comes the wrong way. This video will cut through all the b/s and provide you with a transparent and educational look into the real estate industry.
Despite what you may have heard, flipping houses is a tough business. It's not as easy as some online coaches or Guru's will lead you to believe. When flipping houses, investors have the lowest risk when they start their house flipping business in a market that they are most familiar with. This is usually where they currently live or in their hometown. Some investors, especially those investors living in expensive markets like New York or California, are drawn to markets in others states due to the lower prices. What these new house flippers don't often know is that despite the more affordable prices, the difficulty in successfully flipping houses becomes even greater when a real estate investor attempts to fix and flip houses in a market that they are unfamiliar with.
When buying a home you may have been told by your home inspector that the furnace is past it's useful life and you'll need to consult a licensed HVAC professional for more information on the condition of the furnace. Hearing this news from your home inspector often leads to more questions than answers. How long should a furnace last? What does the furnace being past it's useful life mean? How much does it cost to fix an old furnace? How much does it cost to replace an old furnace? When should you replace an old furnace?
As a real estate investor you more than likely purchased a rental property with the goal of making as much money as you can. One way to make more money is to raise the rent of your tenants. More money coming in is going to equal more profit, right? Wrong! Raising rent doesn't always make a landlord more money at the end of the day. Raising the rent is something that a property manager must be do the right way in order to increase the return on investment. Put another way, your rental property profits have more to do with the amount of money you are spending as opposed to the amount of money you are earning. Raising the rent too quickly or raising the rent too high at one time could create artificial turnover which is the biggest return killer in the rental real estate business. Learn how to raise the rents the right way so that you can maximize the amount of money you make off of every single rental property.
Buying a rental property that has existing tenants can sometimes be a rough transition for both the investor and the inherited tenants. The tenants are used to the old landlord and how things used to be done. With a new landlord things are going to change and change scares tenants. Change can sometimes cause tenants to become difficult to work with. In addition, housing laws require landlords to honor the existing lease terms of the previous home owner, unless the tenants are willing to voluntarily sign a new lease agreement with the new property manager. A tenant on an old lease agreement be a problem for the new property manager. Old lease agreements can make winning eviction cases more difficult. Whenever possible a property manager should never go to an eviction hearing without the tenant on their standard lease agreement Find out why it's actually very easy to avoid these potentially difficult eviction situations by getting the inherited tenants to want to sign a new lease agreement with the new property management team.
As investors we would all like our rental properties to make more money. However, an investor can can only raise the rent so much. At some point in order for a landlord to make more money with their rental properties they are going to need to reduce their operating expenses. One quick and easy way to cut operating cost is to limit the tenant's access to common areas that are not necessary.
Some real estate investors avoid Section 8 Investing because they've heard that tenants on Section 8 are more difficult than cash paying tenants. In reality, it's actually the neighborhood and type of property that determines the type of tenant base an investor is going to attract. The income level of the entire neighborhood is much more important than whether or not a tenant is on Section 8 or not. In fact, if an investor is investing in rental properties located in low income neighborhoods the tenants who are on Section 8 are generally less risky than tenants who pay cash.
When something is broken your property you need to fix it right? Most of the time yes, but sometimes it doesn't make sense from a return on investment standpoint to fix everything that is broken or damaged in a rental property. Sometimes removal of the problem item is actually the better option. This is especially true when dealing you are dealing with old garages at your rental properties.
You may be wondering if the rental property you are thinking about buying is a good investment or not. To figure this out you'll need to answer some questions. What is the return on investment? What is the cash on cash return? What is the cap rate? Some expenses on a rental property are consistent such as property insurance and taxes but what about the rental property expenses that you can't predict such as repairs, maintenance, utilities, vacancy and non payment of rent? How do you calculate expenses when they are constantly changing? It's all very confusing. The good news is that calculating the numbers on a rental property's fixed and variable expenses isn't as difficult as you may think. This video will show you a fast and easy formula to use to break down the numbers on a rental property. You can use this easy and fast formula for a quick estimate on most any rental property you’re looking at purchasing.
Theft is one of the many things that can cost Real Estate Investors money. In many neighborhoods across the United States thieves target the copper plumbing lines in vacant homes as the copper can be scrapped for money. Replacing all of the copper plumbing lines in rental properties with PEX plumbing lines is something many experienced property managers use to deter theft, vandalism and increase profitability.
One of the worst kept secrets in the Real Estate Industry is the fact that Realtors exaggerate the positive features of the properties that they are hired to market and sell. This practice is so common it's even been given an official term called puffing. The term “puffing” refers to “extravagant claims made by sellers in order to attract buyers.” It is the exaggeration of the good points of a product, a business, real property, and the prospects for future rise in value, profits and growth. When you are investing in Real Estate it's very important that you quickly identify when a Realtor is puffing so that you can objectively look at the facts as part of your normal due diligence.
Investing in real estate is all about making a profit. A great way to make a profit in real estate is to buy low and sell high. Sounds easy right? Thing is, in real life it's not always as easy as it sounds in the books or guru courses. Learning how and when to negotiate with sellers is key to buying properties at a discount. Find out if and when you should make low ball offers on houses in order to buy them under fair market value.
A very profitable real estate investing strategy is to buy rental properties from tired landlords. Tired or even distressed landlords are often ready to sell their investment properties because they are sick of dealing with tenants, toilets and trouble. What do you do when the rental property you bought has inherited tenants who are less than ideal? Perhaps these tenants are paying below market value rents? Maybe these tenants are dirty, messy or even savage? Does it make sense for the new owner of the property to evict these inherited tenants immediately? Does it makes sense for the new owner to raise these inherited tenant's rent? Or is it more profitable to let these inherited tenants stay in the property and continue paying their rent even if the rent is lower than market value?
Understanding how to do proper due diligence on a property before buying it is a very important skill every real estate investor needs to master. Google Maps is great tool that any real estate investor can use (for free) to begin the due diligence process from the comfort of their own home.
If you think the first step to buying a rental property is taking a tour of it with your real estate agent, think again. When you are contacting real estate agents and/or sellers looking to buy your first investment property you may run into some confusion if you assume that the buying process will be similar to how it was when you bought your primary residence. The process of selling tenant occupied rental properties is a whole different ballgame. Many sellers do not allow buyer showings on any of their tenant occupied properties. Why won't sellers let buyers tour tenant occupied properties? What are they trying to hide?
Ever dealt with a Bad Tenant? Property Management is a tough business. The worst tenants act like complete savages. Evictions, Bed Bugs, Trashed Rental Houses, Drugs, Theft, Breaking & Entering, Ghetto Properties, Domestic Disputes, Police Intervention, Nasty Toilets, Human Poop, Hoarders, Destruction of Property, Deadbeat Tenants, Stressed out Landlords, Slumlords, Squatters and more. We've got it all....ON CAMERA.
If you are investing in real estate, sooner or later you are going to run into municipalities that have Point of Sale (POS) Violation requirements. The Cleveland, Ohio real estate market has very specific rules and regulations in regards to these Point of Sale (POS) Violations which effects how properties are bought and sold. Knowing how to navigate these Point of Sale (POS) Violation requirements is very important information for all turnkey investors.
Investing in Real Estate can be tricky. If you are looking at buying a house or apartment building there are some major red flags you need to look out for. If you come across a Drop Ceiling this could mean the seller is trying to hide some major problems in the building.