How to Thrive with High Interest Rates featuring Jimmy Vreeland
Jimmy Vreeland joins Marck to discuss how to thrive in the current high interest rate environment.
Eviction Moratorium - Protecting Yourself From Tenant Litigation! with Julie Anderson
enSeptember 24, 2021
What was the main topic of the podcast episode?
Summarise the key points discussed in the episode?
Were there any notable quotes or insights from the speakers?
Which popular books were mentioned in this episode?
Were there any points particularly controversial or thought-provoking discussed in the episode?
Were any current events or trending topics addressed in the episode?
About this Episode
In this episode, we’ll be taking you through a real estate legal class. Today, I have the pleasure of hosting my attorney, Julie Anderson. Julie is the reason why I can go to sleep peacefully without worrying about my real estate investments. Julie and I have worked together for over a decade. Her knowledge of real estate law is vast.
We are living in difficult economic times due to the Covid-19 pandemic. Landlords are taking losses since their tenants are unable to pay their rent. According to Julie, this shouldn’t be the case at all. Landlords deserve better than this. In this episode, we’ll be looking at how to protect yourself as a real estate investor.
Julie will educate us on the eviction moratoriums, pitfalls that a rookie investor is likely to fall into and share eight tips that real estate investors can apply in their investments.
Grab a pen and notebook and listen to this legal class.
Key Talking Points of the Episode:
[01:53] Getting to know Julie Anderson and what she does
[02:30] How Covid-19 has changed Julie’s business
[04:38] Rent relief
[06:55] Evection moratoriums that have been in place since last year in March
[16:18] What is a HUD complaint?
[25:52] What is creative loitering, and how are people in the legal world using it?
[29:42] Pitfalls that a rookie investor can fall into
[32:40] what does the CDC order mean?
[40:21] Is there a back load of foreclosures that we should be worried about?
[44:18] Key tips that can help investors solve their real estate burden
[44:34] The importance of communicating with your tenants
[45:09] Filing of evictions
[46:09] Paying close attention to your tenant’s behavior
[47:30] Becoming a social worker as a landlord
Quotable Quotes:
“The biggest kink in the system, is that landlords can’t do anything to help themselves unless their tenant cooperates.”
“The true discipline of success in real estate investing is to face the reality that you’re in.”
“We serve at the pleasure of the court. If you want to file a lawsuit, you serve at the pleasure of that judge.”
“Communication is the first casualty of all relationships.”
“The key to success is the discipline of facing the reality.”
“You need to continue to be an advocate for yourself and continue to file cases or at least have a conversation with your lawyer, depending on your industry.”
8 Key Tips TO PROTECT YOURSELF FROM LITIGATION, or A SUB-PAR RENTER:
(1) Communication
(2) Don't wait to File
(3) Tenant Behavior
(4) Rental Assistance
(5) Screening
(6) Changing Times - Lawyer up!
(7) Jobs verification
(8) Collaborate with professionals
Connect with Julie Anderson:
Website: https://mokslaw.com/
Do not forget the read Julie’s free resources https://mokslaw.com/julies-blog/
Recent Episodes from Mistake FREE Real Estate With Marck de Lautour
Navigate Real Estate Like A Pro
Marck joined Greg Helbeck on the Real Estate Investing Fast Track to discuss all things real estate from what it's like to invest in the Midwest, Marck's business model with SBD Housing Solutions, to new construction in Kansas City, and how to find buyers.
How to Use a 30-year Fixed Mortgage with Richard Advani
Richard Advani of Guaranteed Rate joins Marck to discuss creative solutions to combat rising interest rates and how investors can use a 30-year fixed mortgage to their advantage.
Transforming Your Mindset with Brad Chandler
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The New Build Advantage with Shawn Woods
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Takeaways From the Nation's Top Real Estate Investors with Jimmy Vreeland
Jimmy Vreeland joins Marck de Lautour on the Mistake Free Real Estate podcast to discuss their takeaways from the Collective Genius Mastermind which features the nation's top real estate investors and what top real estate investors in the country are doing to grow their business.
Rapid Growth in the Face of Uncertainty with Matthew Pollard
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How Technology is Impacting Real Estate with David Lecko
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Mistake FREE Real Estate With Marck de Lautour
enJune 01, 2023
How Agents Can Take Advantage of the Real Estate Market with Tom Cafarella
How agents can take advantage of the real estate market.
What Makes the Current Real Estate Market Different from the 2008 Recession with Jimmy Vreeland
Every quarter, my good friend Jimmy Vreeland and I sit down and talk about our experience in Collective Genius, a mastermind we are both a part of. In this episode, Jimmy and I are going to discuss what we learned from the presentations in the event, our biggest takeaways, and how we’re preparing our businesses for what’s coming.
Listen now to learn what happened during the last Collective Genius event and the golden nuggets we’ve picked up while we were there!
Key Talking Points of the Episode
00:00 Introduction
01:43 How does Collective Genius help us give back?
03:26 What are our biggest takeaways from the event?
06:53 What makes this recession different from 2008?
08:46 Where do we stand on inflation rates today?
12:44 How is inflation crushing the middle class?
14:38 How can real estate investing set you up for the future?
17:34 What is the greatest threat to every investor’s portfolio?
21:31 What does real estate value appreciation look like today?
23:32 Why should people take advantage of Fannie Mae loans?
26:42 What is happening in the new construction market today?
31:16 What are we experiencing in the turnkey market today?
Quotables
“The government hasn’t curbed their spending, they’re not doing to make energy more accessible, so that’s gonna stay expensive.”
“Kiyosaki went on Oprah in 1990, everybody knows about this! They just don’t get involved, they don’t get started.”
“Strategic and systematically buy assets so that when there is the next disaster and the fed does blast lower rates, then you refi everything out.”
“Like I’d always say, real estate doubles in value every 20-30 years, I think I’m gonna stop saying 30 because consistently, we are seeing real estate double in value every 20 years.”
“If you’re gonna buy and hold these assets forever, for long-term, then the smartest thing you can do is lock in a 30-year fixed to get these things paid off.”
“Most home builders have not been aggressively scaling and growing based on what they fear could be a downturn.”
“Quite frankly, I think that inventory is still so shallow, especially in the big cities that are experiencing massive population growth.”
Links
Book: Principles for Dealing with the Changing World Order
https://www.amazon.com/changing-world-order-nations-succeed-ebook/dp/b0881y73yg
Mistake FREE Real Estate With Marck de Lautour
enApril 06, 2023