This Is HoltonWise (2)

This Is HoltonWiseTV is video series consisting of short clips and/or highlights of the things we do & talk about here on HoltonWiseTV. Subscribe to HoltonWiseTV for more of our full length content about real estate investing.

Some tenants are great. Some tenants suck. Real estate investing is great, some of the time. Other times real estate investing can be tough. One of the toughest days in a real estate investors life is when a tenant burn down their house. It happens more than you would think. We've dealt with many house fires here at HoltonWise. Sometimes the tenants burn the house down on accident. We've seen fires started when the tenants where smoking weed or curling their hair. We've also seen fires started on purpose. Doing the landlord walk through after a tenant burns down your house can be saddening to you as you watch all of your hard work go up in flames. However it's not always a real estate fail. It doesn't have to be the worst real estate deal you've ever done. If you are prepared for the inevitable tenant damage that comes along with being a rental property investor you can get through it and move onto the next profitable real estate deal.

Holy smokes, we've had one another one of our rental properties burned down by a deadbeat tenant. It's always a sad day when a tenant destroys a house. Doing the landlord walk through after a tenant burns down your house can be shocking, unnerving and incredibly dangerous. If you are going to get into the property management business make sure you know what type of tenants from hell you'll be dealing with. All part of a the day to day property management experiences here at HoltonWise.

Real estate investing ain't always sunshine and rainbows folks. You've got to have the stones to deal with the tenants, toilets and trouble that come along with owning rental property. Deadbeat tenants can often make your life miserable if you haven't prepared yourself for the inevitable bumps in the road that come with being a property manager. In this quick clip a property manager reacts to his rental house after his tenants got evicted and left the house a filthy mess.

In the rental real estate business it's almost a universal occurrence. Anytime a property manager has a nightmare tenant and needs to performs an eviction they are labeled slum landlords. This is what people say. In reality landlords don't like performing evictions. Evicting a bad tenant is very costly to a landlord. Nightmare tenants living in a landlord's rental property actually cost the landlord more money than leaving their rental properties completely vacant. This post eviction walk through is a dirty job, but somebody has to do it. What you see here is just a normal day dealing with bad tenants and evictions at her at HoltonWise. As you can see from the post eviction walk through this house was completely wrecked by these terrible tenants before the landlord evicted them.

In the rental real estate business it's almost a universal occurrence. Anytime a property manager has a nightmare tenant and needs to performs an eviction they are labeled slum landlords. This is what people say. In reality landlords don't like performing evictions. Evicting a bad tenant is very costly to a landlord. Nightmare tenants living in a landlord's rental property actually cost the landlord more money than leaving their rental properties completely vacant. This post eviction walk through is a dirty job, but somebody has to do it. What you see here is just a normal day dealing with bad tenants and evictions at her at HoltonWise. As you can see from the post eviction walk through this house was completely wrecked by these terrible tenants before the landlord evicted them.

Tenants, Toilets & Trouble That's what they always say. In the property management business it's almost a universal occurrence. Anytime a landlord has a nightmare tenant and performs an eviction they are called slum landlords. This is what people say. In reality landlords don't like performing evictions. Evicting a bad tenant is very costly to a landlord. Nightmare tenants living in a landlord's rental property actually cost the landlord more money than leaving their rental properties completely vacant. This post eviction walk through is a dirty job, but somebody has to do it. What you see here is just a normal day dealing with bad tenants and evictions at her at HoltonWise. As you can see from the post eviction walk through this house was completely wrecked by these terrible tenants before the landlord evicted them.

Walking through the aftermath of a rental property fire. The tenant burned this rental property to a crisp. All part of a the day to day property management experiences at HoltonWise.

Being a landlord is a dirty job, but somebody has to do it. What you see here is just a normal day dealing with bad tenants and evictions at HoltonWise. As you can see from the post eviction walk through this house was completely destroyed by deadbeat tenants before they were evicted.

During this eviction the HoltonWise team has to deal with poop all over this house. These tenants where pure savages. Is it human poop or animal poop? When dealing with tenants from hell like this you can never really be sure who's poop belongs to who. Evictions almost always suck. Real estate ain't sunshine and rainbows folks.

Dealing with tenants from hell is all part of a day's work at Holton-Wise. In this video you see the team go into a trashed house after evicting a deadbeat tenant. Evictions usually suck, but evictions suck a lot worse when the house has poop all over it. 

This was the nastiest bed bug infestation we have ever seen in a tenant's apartment. Time to evict these nasty savages.

If you abuse animals you are a piece of crap. We come across a lot of horrible stuff when dealing with tenants from hell but animal cruelty is by far the worst part of it. Our team was able to save this abandoned cat from starvation after deadbeat tenants moved out of this apartment and left this kitty to die. 

We come across a lot of nasty stuff when dealing with tenants from hell. This house is one of the grossest houses we've ever seen.

Buying a rental property isn't always sunshine and rainbows. Nobody gets into rental property management because it's fun. As buy and hold real estate investors we want our rental portfolio to be as profitable as possible. Thing is, property management is a very tough job. So you may be looking for ways to increase your skill set as a property manager or DIY landlord. One way to increase your rental profits is to make sure you treat your tenants in an appropriate manner. Despite popular belief this doesn't mean you need to bend over backwards with the "customer is always right" attitude. No, as a matter of fact any potential tenant who thinks they are the boss is bad news. Never rent to Mr "I'm the Boss."

Evictions are not completely avoidable but for the most part landlords and property managers can greatly reduce the amount of evictions they have to do if they utilize a proper tenant screening process. Without proper tenant screening inexperienced landlords can make costly mistakes. Putting the wrong tenant in your rental property is much worse than having no tenant at all. The thing is, how do you know who the bad tenants are? Will a bad tenant come out and tell you that they are bad tenants? Yes they will! Bad tenants will tell you they are going to be bad tenants if you know how to read between the lines. They won't come out and directly say I am a bad tenant but they will exhibit many tenant screening red flags that will let you know they would make a terrible tenant. Like Mr "I have an Eviction" He is a horrible tenant who you never want to rent to.

As landlords we all want our rental properties to be as profitable as possible. So you may be wondering how to make more cash flow from rental property? If you remove these non essential fixtures from your rental properties you will be able reduce your tenant turnover cost and make more money as a landlord.

There are many ways Landlords can make money with their rental properties. One way is to reduce tenant turnover cost. Tenant turnover cost is the biggest return killer in rental real estate. Installing this type of door handle will greatly reduce your turnover cost and increase your rental property profits.

Landlords repeat this "turnovers are the biggest return killer" "turnovers are the biggest return killer." One more time... "turnovers are the biggest return killer." Increase your rental profits by reducing turnover. Reduce turnover by keeping your tenants happier. Keep your tenants happier by reducing noise in their apartments. Reducer noise in their apartments by soundproofing between units. SOUNDPROOF MF!

Low rents aren't what kill cash flow. Turnover costs are the biggest cash flow killer. As a landlord keeping your turnover costs as low as possible is key to maximize your rental property profits. In this video the HoltonWiseTV team shows property managers like you how to reduce your tenant turnover costs by using flooring that is cheaper than carpet during your tenant turnovers.

When managing rental properties real estate investors can only increase the rent so much. So how can a DIY landlord like you increase rental property profits when the tenant's rent is as high as it can go? By reducing your rental property expenses! One major expense that many landlord's deal with is utilities, specifically the water bill. In this video the HoltonWiseTV team shows property managers like you best practices in reducing your tenant's water usage.

Tenant screening can make or break your rental property career. Without proper tenant screening inexperienced landlords can make costly mistakes. Putting the wrong tenant in your rental property can lead to costly evictions, lawsuits and even violence. The thing is, how do you know who the bad tenants are? Will a bad tenant come out and tell you that they are bad tenants? Yes they will! Bad tenants will tell you they are going to be bad tenants if you know how to read between the lines. They won't come out and directly say I am a bad tenant but they will exhibit many tenant screening red flags that will let you know they would make a terrible tenant. Like Mr "Let Me Explain" He is a horrible tenant who you never want to rent to.

If you are investing in Cleveland, Ohio real estate you need to familiarize yourself with the Cleveland area Point of Sale (POS) inspection process. During a Point of Sale (POS) inspection building departments will issue Point of Sale violations that must be corrected by the seller or assumed by the buyer before a property in the Cleveland, Ohio area can be sold. These Point of Sale (POS) violations often require an escrow deposit in addition to the money needed to fix them. 

Before Clayton Morris moved to Portugal and started providing his US based YouTube viewers with daily updates on their stimulus checks he was involved in one of the most notorious real estate scandals that the real estate investment industry has ever seen. The list of alleged victims, lawsuits and money lost is huge. In episode 2 of The Landlords From Hell Show, Dr. Cindy Patton was one of the many people who sat down with James Wise as part of the 3 hour documentary discussing allegations against Clayton Morris and his real estate investment business, Morris Invest. 

Turnkey real estate industry pro Jay Hinrichs doesn't hold back on his thoughts on Clayton Morris and his failed turnkey real estate investment business, Morris Invest. Before Clayton Morris left the USA for Portugal and started running his daily news show Morning Invest, the YouTube star was involved in one of the most notorious real estate scandals that the real estate investment industry has ever seen. The list of alleged victims, lawsuits and money lost is huge. In episode 2 of The Landlords From Hell Show, Jay Hinrichs was one of the many people who sat down with James Wise as part of the 3 hour documentary discussing allegations against Clayton Morris and his real estate investment business, Morris Invest. 

If you, your tenant or your home inspector has found asbestos in your house do not freak out. It's not the end of the world. In many parts of the country where the housing stock is older this is very common and unlikely to pose a major risk if properly handled.

Before Clayton Morris left the USA for Portugal and started running his daily news show Morning Invest, the YouTube star was involved in one of the most notorious real estate scandals that the real estate investment industry has ever seen. The list of alleged victims is huge. Sandra "Sam" Pirtle claims to have lost $359,000, her entire life's savings investing with Clayton Morris and his company Morris Invest. 

Did Clayton Morris leave the USA for Portugal because of his involvement in one of the most notorious real estate scandals that the turnkey real estate industry has ever seen? Todd Burton, a property manager who worked with many of Clayton Morris's alleged victims of sits down with James Wise to share his story of how the whole thing went down long before Clayton Morris fled to Portugal and started Morning Invest.

Before Clayton Morris began his daily news show Morning Invest he was involved in one of the most notorious real estate scandals that the turnkey real estate industry has ever seen. Brent Sutherland, one of Clayton Morris's alleged victims sits down with James Wise to tell the story of how he believes he was defrauded by Clayton Morris and his company Morris Invest.

Real estate investor from Texas claims Clayton Morris lied to him and thousands of others on his YouTube channel. This man claims these lies and deceptive practices by Clayton Morris caused him to become involved in an alleged real estate Ponzi scheme that lost him $73,000.

Scarface Parody of Donald Trump refusing to concede the 2020 presidential election to Joe Biden.  

Donald Trump Concession Speech Parody. Jordan Belfort / Leonardo DiCaprio The Wolf Of Wall Street - I'm Not Leaving Speech. This is #HoltonWiseTV

Our number one goal at #HoltonWiseTV is to provide real estate investors with complete transparency into the real estate investment business. There are a lot of real estate gurus who would lead you to believe that real estate investing is all about Lamborghini's and girls in bikinis. In reality, this couldn't be further from the truth.....Or could it?

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.

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.