Your First Rental: Recent Episodes
Your First Rental
JP and Nate talk about how to get into the amazing world of real estate by purchasing a rental property.
In this episode Dr. Chris drops knowledge! How do you deal with a tenant issue in a systematic fashion. He's made it easy for you. It's all about TCUP.
Check out then listing for Dr. Chris's luxury Airbnb: https://www.airbnb.com/rooms/1022547571191298265?viralityEntryPoint=1&unique_share_id=17B7E053-6D65-4535-8221-0FC1F3CD000A&slcid=01df95bae6494492ac69d5394d78cfbb&s=76&feature=share&adults=1&channel=native&slug=8XasCaLP&source_impression_id=p3_1720106445_P33IE3e2JTLThegb
Capital expenses. The bane of every real estate investors existence. Well it's the same thing for STR owners as well. Dr. Chris takes us through the numbers that STR owners should be thinking about in relation to cap ex.
Check out Dr. Chris's luxury Airbnb rental here: https://www.airbnb.com/rooms/1022547571191298265?viralityEntryPoint=1&unique_share_id=17B7E053-6D65-4535-8221-0FC1F3CD000A&slcid=01df95bae6494492ac69d5394d78cfbb&s=76&feature=share&adults=1&channel=native&slug=8XasCaLP&source_impression_id=p3_1720106445_P33IE3e2JTLThegb
How much should you expect to spend on furnishing your Airbnb after you buy the property??? In this episode, superhost Dr. Chris tells you just that.
Here is a link to Dr. Chris's luxury airbnb: https://www.airbnb.com/rooms/1022547571191298265?viralityEntryPoint=1&unique_share_id=17B7E053-6D65-4535-8221-0FC1F3CD000A&slcid=01df95bae6494492ac69d5394d78cfbb&s=76&feature=share&adults=1&channel=native&slug=8XasCaLP&source_impression_id=p3_1720106445_P33IE3e2JTLThegb
Dr. Chris gives us some key numbers to think about when getting your short term rental going.
Congrats to Dr. Chris on becoming an Airbnb Superhost!
Check out Dr. Chris's Airbnb listing here: https://www.airbnb.com/rooms/1022547571191298265?viralityEntryPoint=1&unique_share_id=17B7E053-6D65-4535-8221-0FC1F3CD000A&slcid=01df95bae6494492ac69d5394d78cfbb&s=76&feature=share&adults=1&channel=native&slug=8XasCaLP&source_impression_id=p3_1720106445_P33IE3e2JTLThegb
Dr. Chris returns to the program to talk about how his luxury Airbnb is doing. And here is a preview: He's killing it. After a slow start, he is now 100% booked through for the month of July. Listen as Dr. Chris takes you through his first few months of being an STR superstar.
NEWS UPDATE: Dr. Chris became an Airbnb Superhost today!
Here is the airbnb listing in case you want to check it out, or even book a visit for yourself: https://www.airbnb.com/rooms/1022547571191298265?guests=1&adults=1&s=67&unique_share_id=226477db-119a-4cce-88a5-b0a7e5d8a0a2
Dr. Chris returns to the program and tells JP about his newest real estate deal - a million dollar Airbnb in Port Aransas, TX. Listeners might recall that Dr. Chris made a nice little chunk of change on an office space in San Antonio. Well he took some of those proceeds and made a downpayment on a million dollar vacation property.
Here is the listing to the property: https://abnb.me/iIEjqDeboGb
Give it a look and sign up for a booking! Tell them the YFR podcast sent you for a 10% discount.
JP talks with Chris, a former high school teacher and football coach. Chris started with his first rental by saving from his teacher paycheck every week Today he owns 12 properties and he talks about how he and his wife did it. JP is blown away by his method for screening tenants that has led him to never need an eviction in 30 years as a landlord!
Part 2 of JP's conversation with Chris, his friend from medical school. Chris is now a practicing vascular surgeon in Texas. His first rental was his house-hack that he had in surgery residency in 2007. His latest real estate deal was his office building, the sale of which he just completed and made $650K! Now he has his eyes set on high end AirBNBs.
JP talks to Chris, his friend from medical school. Chris is now a practicing vascular surgeon in Texas. His first rental was his house-hack that he had in surgery residency in 2007. His latest real estate deal was his office building, the sale of which he just completed and made $650K!
Part 2 of JP's conversation with Bishop, a 27 year-old state legislator who house hacks his home at the capitol and AirBNB's his other house when he's not there. All of the usual suspects come out to play in this one: a curious mind, taking action, and relationship building. Listen as Bishop tells about how he got into the world of real estate investing, all by accident.
JP talks with Bishop, a 27 year-old state legislator who house hacks his home at the capitol and AirBNB's his other house when he's not there. All of the usual suspects come out to play in this one: a curious mind, taking action, and relationship building. Listen as Bishop tells about how he got into the world of real estate investing, all by accident.
Part 3 of our conversation with Eric (E-Dub), an insurance agent turned accidental real estate investor. In this episode, JP and Eric talk about whole life insurance policies and how they can be used in real estate.
Part 2 of our conversation with Eric (E-Dub), an insurance agent turned accidental real estate investor. In this episode, JP and Eric talk about how he got his first rental and then built it up to 5 different properties.
JP talks to Eric, a real estate investor he recently met at a real estate "meetup" in Kansas City. Eric (JP names him E-Dub) tells listeners about how he accidentally found his way into the world of real estate investing. Now that he is in it, E-dub and his wife are ALL-IN!
A story of redemption. JP and Nate discuss their latest deal, a property that wasn't all that it was cracked up to be. The mantra of "real estate isn't easy, but it is forgiving" is perfectly illustrated in these podcasts as JP and Nate go from the depths of despair to getting their highest income-producing property yet.
Ever wondered what a title company does or why we need them? Well here's content that you can't get anywhere else! JP talks to Bud Whisler, one of the owners of Advantage Title LLC. At the end you'll know why they are so important in real estate transactions.
JP and Nate discuss their latest deal, a property that wasn't all that it was cracked up to be. The mantra of "real estate isn't easy, but it is forgiving" is perfectly illustrated in these podcasts as JP and Nate go from the depths of despair to getting their highest income-producing property up and going.
JP talks with Brian, a normal guy who works at a hospital and decided to do real estate on the side. With no experience in real estate, Brian got into rentals after seeing how his own home appreciated in value. You won't want to miss some of the great tips he has on getting top notch tenants.
You can find a lot of people on social media making a killing with short term rentals. There are no doubt a lot of opportunities out there. JP and Nate talk about some of the realities of being in the STR game. It can be profitable, but it's certainly not all fun and games.
Rising interest rates, a looming recession. Are we headed for another 2008? JP and Nate discuss what they see going on with the rental market in Kansas City. It's quite different from 2008 for many reasons. They both agree now is the time to be smart, not to panic. And if they play their cards right, there will be buying opportunities out there.
Nate and JP discuss their first attempt at doing a subject-to deal. This allows the buyer to take over the property and also take over the responsibility of paying off the mortgage. It was almost a done-deal but it eventually fell through. Even though it would have been good for the seller and the buyer, it just didn't happen. Update: since recording the episode the seller is now interested again and JP and Nate are working to make it happen. Stay tuned.
Whenever your hear Section 8, do you think of slums? We did too until we got into it. Listen as JP and Nate talk about their experience of getting into Section 8 housing. There are some great benefits and it hasn't been anything like what you oftentimes hear about Section 8.
In this episode JP talks with Derek Grier, owner of Realty One Group in St. Louis, MO. Like a lot of our listeners, Derek didn't intend to be a real estate investor but somehow found his way into the real estate world. Listen as he talks about how he and his wife started their real estate journey and ended up being the owners of a real estate brokerage. He also shares with us his own real estate horror story and it is the worst we've ever heard on the show!
In this episode, JP and Nate discuss some of the worst things that they've dealt with in the real estate business and how they've dealt with each of them. From dealing with a bad tenant to having an air conditioner stolen - twice! - they discuss how they went about addressing each problem. Despite all the troubles, JP and Nate are still happy to be in the real estate world.
In this episode we have part 2 of our conversation with Amy. She is a wealth of knowledge about credit, the one thing that every real estate investor needs.
JP talks with Amy Stetzler. She works at the credit law center and is a credit restoration expert. In real estate investing, good credit is what allows you to leverage cash to purchase units. It is one of things that determines your ability to succeed in the business. Listen to Amy as she takes you behind the curtain in the world of credit and tells you how to maximize your credit score.
In this episode JP and Nate talk about things that have surprised them about being in the home rental business. There are all kinds of things that come with being a landlord that you never think about until you're in the game. It's nice to know about some of them before you get your first rental!
In this episode, JP and Nate talk to Dr. Karim, a real estate newbie who JUST purchased his first rental property. Nate already has it rented out to great tenants and it's producing cash flow. Having never owned a rental property, Dr. Karim talks about what it was like going through the process. With Nate with him every step of the way, Dr. Karim tells us his only regret is that he wishes he had started sooner!
JP and Nate discuss the top 10 reasons you need to use a professional property manager to manage your rentals. Those reasons include the ability to find tenants, taking the pesky calls, collecting rents, and more. At the end of the day, the money that you pay a property manager pays for itself!
In this episode, JP and Nate talk about the 3 people you need to be successful as a real estate investor and 3 people to avoid. There are all kinds of people that will tell you not to chase your dream. Don't listen to those people! JP and Nate also discuss people that you MUST have on your side to make your investment a success.
In this episode, JP and Nate share a rental hack that they use on a number of the properties: renting to traveling nurses. Even before the pandemic, hospitals had a hard time hiring enough nurses to work in hospitals. So now, they've turned to traveling nurses. And every traveling nurse needs a place to stay! Learn how you can get rich by being the solution to someone else's problem.
JP and Nate introduce themselves and talk about why they are so passionate about real estate. They also discuss the many reasons it is such a great asset class that average people should explore. Nate talks about his journey from the world of finance to becoming a real estate agent, property manager, and real estate investor.