mtr

Hi, friends! Welcome back to another episode of the Women Invest In Real Estate podcast! We are so excited to have you join us this week because we are welcoming Seena Ghetmiri (yes, our first male guest, but don’t run away - you are going to want to hear his story!). Seena actually started out on the traditional path, heading to college and becoming a dentist when he decided to take his future into his own hands and pivot into the world of real estate investing.

Leaving his 9 to 5, after following such a traditional path as his family expected, is such a hot topic and Seena’s story will truly resonate with so many of our listeners. Seena’s Middle Eastern family very much is the ‘higher-education parent generation’, where he did what he was ‘supposed to do’ by going to college and having a career in an upper level field.

After graduation from dentistry school, Seena moved to San Diego from New York, although he quickly learned that working his job looked much different than he expected it to. He worked at that practice for 2 years before relocating again to Austin to take, at the time, what was his dream job. Things got better at this new practice but after the honeymoon period wore off he had the realization…

“This cant be ‘IT’.”

Seena wanted to start a family with his wife, but also wanted to be able to show up for them. This job wasn’t lighting him up and while the pay was there, his heart was not. He told his wife he wanted to take 6 months off and explore the world of REI. She supported him fully and he put in his notice and went all in. This maybe wasn’t the best route, but for him, it worked.

Seena and his wife have since grown an impressive REI portfolio, has launched a podcast (a MUST LISTEN!), and he and his wife are expecting their first child.

Thoughts from Seena:

1. Share your interest - put it out into the universe
2. Find a good mentor (they don’t need to be an REI expert!)
3. Take calculated action
4. Create an experience for your guests
5. Give yourself permission to dream
6. Find a way to raise the level of urgency to just get started
7. Make the move, you only have one shot

If you want to learn more about Seena, follow along on his journey, or want to connect with him, you can find him on Instagram. We also highly recommend checking out his podcast, Ghet Investing.

Thank you for tuning in, we’ll catch you in the next episode!

Resources:

• Connect with Seena on Instagram
• Visit Seena’s website Ghet Investing
• Listen to Seena’s Podcast, Ghet Investing
• Peach House Denver Airbnb:  Luxury 5 BR Retreat|10 min to DT Denver|Hot Tub - Houses for Rent in Wheat Ridge, Colorado, United States - Airbnb
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private WIIRE Facebook Community
• Connect with us on Instagram

Hi, friends! We’re so excited to have you back! Mid-term rentals are by far our favorites at WIIRE and we have really refined our processes throughout our years in the business and one of the ‘fun’ aspects of owning mid-term rentals is of course, furnishing them! So in this episode were talking all about how to get creative when furnishing your MTRs without breaking the bank. Let’s dive in!

Our 5 golden rules to furnishing MTRs:

1. Keep it cute, cozy and comfy.
2. Select furniture that is easy to put together (or buy pre-assembled items off of Facebook Marketplace).
3. Include a starter set of items people won’t want to run out and buy right away (think spices, dish soap, laundry detergent, trash bags, etc.).
4. Choose easy to clean items (duvet covers, dark linens, mattress protectors, cushion covers, etc.)
5. Miscellaneous! This is everything that doesn’t fit into an above category.

• Post your ‘house rules’ on the back of the front door (Wifi password, when garbage pickup is, door codes, etc)
• Thermostat + water reminders for when they are going to be our of the unit for several days
• Provide pet poo bags if you allow pets (you’ll thank us for this!)
• Have a keypad entry that allows a master code
• Include a washer and dryer, when possible

Two final thoughts on furnishing your MTRs is that keep it simple - you don’t need to provide luxury accommodations (unless that’s your specific niche) and also, remember that a little goes a long way.

If you have some unique ways you’ve furnished your properties we would love to hear them so shoot us a DM on Instagram!

That’s all for this week friends, we’ll catch you in the next episode!

Resources:

• MTR episodes: Episode 5, Episode 13, Episode 15, Episode 17, Episode 39
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

Welcome back to another podcast episode! This week we are excited to welcome our friend Anam Ali-Hashambhai to the podcast. Anam is a real estate investor born and raised in the Dallas, Texas metroplex and also where she and her husband have chosen to plant their roots and build their REI empire.

Anam and her husband are self taught investors who have grown their REI portfolio to an impressive $25 million. But, like most people, they started much smaller. Since the cost of buying real estate in the Dallas/Fort Worth Metroplex is significantly higher than in some other areas, and paired with the fact that they were using their own capital, Anam and her husband realized they needed to widen the scope of their properties to be within 45-60 minutes of the Metroplex. They spent many hours together driving from one property to another after their full-time jobs, building their relationship along with building their business.

Whats more impressive is that they have done all of this using the BRRRR strategy, they self-manage all of their units, and for the first few years, used their own savings and capital top fund their buys. However, during COVID they began using hard money lending and realized they wished they would have done so sooner to allow them to scale their business faster.

While they have dabbled in multi-family properties, Anam and her husband primarily plan to continue investing in single family homes.

What is a BRRRR? It stands for:

• Buy
• Rehab
• Rent
• Refinance
• Repeat

Here are our 5 best reasons the BRRRR strategy is such a powerful strategy:

1. You can recycle and reuse capital
2. You can use other peoples money
3. You can achieve greater equity position
4. Higher quality tenants
5. Less maintenance + CapEx

That’s all for this week! A HUGE thank you to Anam for joining us; if you’d like to know more about her or follow along with her REI journey you can find her on Instagram. You can also hear more about her and her investment strategy by joning us at our Virtual Summit, Set to Scale, later this week - happening on May 17-18!

See you next week, friends!

Resources:

• Grab your tickets to our WIIRE Virtual Summit happening on May 17-18
• Connect with Anam on Instagram
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

Hi, friends! Welcome back to another episode! This week we’re answering another question we hear a lot and that question is ‘do I need an LLC to invest in real estate?’. While there really isn’t a cut and dry answer, we are going to share with you our personal thoughts on the subject, as well as our own experiences.

Just a reminder, we are not attorneys and while we love sharing words of wisdom, we always recommend consulting with your attorney to find out what will best suit your specific business and personal legal needs.

In this episode we’re diving into:

• What is an LLC and what does it do
• Things to understand about an LLC
• Pros
• Cons
• Benefits
• Tax details

First, what is an LLC?

An LLC, in its simplest form, is what separates your business liabilities from you personally, for asset protection. This means that a tenant cannot come after you personally, should something go awry at one of your properties.
 

The long and the short of it:

If having (or not having) an LLC is what is keeping you up at night, and keeping you from getting started in real estate, STOP! Put it aside and revisit it later because this is where so many people find themselves stuck, and never even get started.

That’s all we have for you this week but if you have a question you’d like us to chat about on an upcoming episode please feel free to email us! Also, if you haven’t done so we would LOVE it if you could leave us a review wherever you listen to your podcasts to help other listeners like you find us!

 We will catch you in the next episode!

Resources:

• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private WIIRE Facebook Community
• Connect with us on Instagram

Hey everyone, welcome back to the Women Invest In Real Estate podcast. We are so excited because, in this episode, we're going to talk about a creative finance deal that Grace just did and is probably one of the best creative finance deals she has done lately. We have both been so busy doing our own thing and keeping our businesses in line that Grace has not even shared these deets with Amelia so it’s going to be a good conversation! Let’s get started!

But first, you haven’t already (especially if you’re new to creative financing), we highly recommend listening to the episodes in our Creative Financing mini-series with Jenn & Joe Delle Fave. Find them all here:

• Ep 35
• Ep 36
• Ep 37
• Ep 38
   

How She Found The Deal

This particular house/deal was found through one of our favorite sourcing methods, referrals! A friend of Grace’s told her about this person who was looking to sell their home only a few years after they originally purchased it due to some major life changes. She reached out to the seller and the seller was super responsive to her offer, and they had already built that know, like, and trust factor in play here which immediately set them up for a successful deal, especially since it needed to move quickly.

Grace bought the house via a wrap mortgage, taking over the owner's debt, buying the house, and owing what the house was worth. She really did not have any equity, basically owing what the house was worth (about $77,000 owed on the house). Grace offered the seller $91k, less the newly surfaced issues from the sewer repairs, which were estimated to cost roughly $12k bringing it to about $79k. The seller jumped at the offer and it was a done deal. 
 

Here is an approximate breakdown of what Grace paid for the deal:

• $270 at closing
• $10k sewer repair
• $1k referral fee
• $1k attorney fees

Some of the most common questions Grace will answer in this episode are:

1. How do you make her mortgage payment?
2. What about insurance?
3. Did you buy the house in a trust?
4. What are the risks of creative financing?
5. Where did you learn everything you know about creative financing?

Thank you for tuning in, friends! We hope you’ll join us on May 17 & 18 for our Virtual Summit where we’re bringing together top real estate investors from across the country to share their insights, strategies, and success stories!

We’ll catch you in the next episode!

Resources:

• Listen to the Creative Finance series: Ep 35, Ep 36, Ep 37, Ep 38
• Grab your tickets to join us at our Virtual Summit May 17 & 18
• Use the code WIIRE to get $250 off the Creative Financing Playbook
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private WIIRE Facebook Community
• Connect with us on Instagram

Hi, friends! We hope you are ready for some of the best tips and strategies we have for managing and ‘training’ your tenants. This week, we’re diving into red flags to watch out for when it comes to new/potential tenants (and inherited tenants!), and sharing with you some of the ways we have ‘trained’ our tenants to shift them onto our property management software and follow basic rental procedures. Let’s dive in!
 

Red Flags

• Sob story tenants
• Wants to  pay multiple months of rent at a time/upfront
• Carries ‘cash in hand’ the day they tour the unit to rent ASAP
• Has no rental history
• Bad credit score (medical bills excluded)
• Someone that just seems ‘off’ on Facebook

While some of these may be case by case, you need to learn to use your best judgement and truly go with your gut. Some of those sob stories may be completely true and someone may have simply had a run of bad luck, but in our experience this is rarely the case in those instances. 

(Bonus! If you have a tenant who needs to better their credit store, TenantCloud offers rent recording to help bump credit and this offers both owners and tenants win-win!)
 

Managing & Training Your Tenants

Training isn’t just for your property management and staff - but can also be used to get tenants all on the same page as well! Here are some of the situations where you can manage and train your tenants:

• Paying rent in person; instead transition them to online payments on TenantCloud or directly deposit to your bank
• Setting tenant communication boundaries
• Creating expectations for maintenance requests
• Outline rules and regulations in your lease (+ enforcing them!)
• Enforce late fees/rent payment due dates (TenantCloud makes this one super easy by automatically applying them to late payments!)
• Once an eviction notice has been posted any and all communication should be in writing
• Stick to your eviction notice policy!

Our final piece of advice this week is to treat your business like a business by creating and sticking to your boundaries!

 We will catch you in the next episode!

Resources:

• Use TenantCloud for your REI business
• Grab your Early Bird tickets to join us at our WIIRE Virtual Summit May 17 & 18
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

It's a bird... it's a plane... no, it's Super-Rexy! Because we're joined by the super-specksy King of the SuperNerds, Mr. Zack Stentz! Say what?! *Faints!* Fresh from the final season *sniff* of Jurassic World: Camp Cretaceous, this genius writer/producer/teacher/dino doctor/puppy papa joins the Torture Chamber for a round of 'CHESS', before giving us a Piece of Iron Maiden's Mind!
Also this week, AW is joined by Musical Theatre Radio's host/founder, Jean-Paul Yovanoff, who steps in at the last minute because... well, to be honest, Aaron needed somebody to feed to the T-Rex, and he likes his co-hosts too much. #NotSorryBoutIt
Plus, we chat Audience/Studio expectations, killing-off beloved characters, travelling inspirations, dino dinner, and heaps more in this giganoto-sized episode where Zack reveals his secret superhero identity!

https://twitter.com/musezack -- https://instagram.com/musezack

https://twitter.com/MTR_tweets -- https://open.spotify.com/show/2lhx6fkBEhehUiRjzKPWQ7?si=e1f15058920142af

Charlie/Tarzan/Hunchback tickets: https://www.tuacahn.org/

https://www.thetonastontales.com/listen -- https://www.patreon.com/bloomingtheatricals -- https://www.twitter.com/thrashntreasure
https://linktr.ee/thrashntreasure
*****
Help support Thrash 'n Treasure and keep us on-air, PLUS go on a fantastical adventure at the same time!
Grab your copy of The Tonaston Tales by AW, and use the code TNT20 when you check out for 20% off eBooks and Paperbacks!
https://www.thetonastontales.com/bookstore - TNT20 
*****

Hi friends! Welcome back to another podcast episode! This week we’re joined by Mark Dehaan, CEO of TenantCloud, and were chatting all things PM software, from how TenantCloud got started to what is in the works for them now, plus why we both love using this software every day in our businesses! Let’s dive in.

Mark is a father of four, based in Salt Lake City, Utah. He loves family activities and all things outdoors and first got his start as the co-founder of Rentler. Rentler is a brand within TenantCloud focusing on listings, with TenantCloud being the property management software tool. Mark's parents have a background in real estate and investing and having done some real estate investing himself, he understood the need for not just a good tool, but a great tool. He partnered up with a friend to launch Rentler and down the road they merged with TenantCloud. 

TenantCloud, as you all know, is near and dear to our hearts. Grace has been a long-time Tenant Cloud user and recently converted Amelia over to using it in her business. TenantCloud has grown immensely and has built a team all over the world supporting landlords, property owners, investors, tenants, and more with their unique and highly innovative software tool.

TenantCloud has so many amazing features and we’re still discovering more and more of them constantly because they are constantly coming up with new features for all of their users. 
 

Some of the features that make TenantCloud stand out against its competition are:

• Offers tenant, property manager, landlord, and owner portals
• Allows you to sign leases, collect rent, handle maintenance requests, and communicate with tenants - in a simplified user experience
• You can push your listings out across multiple platforms
• Accounting features such as expense tracking + other tax features to make it easy to hand off your financial records to your CPA
• TenantCloud offers the lowest barrier to entry for tenants
   

Some of our favorite TenantCloud features are:

• Offers an amazing amount of power on a highly user-friendly interface
• Easy to bring your team onto your portal (tenants, maintenance team, etc)
• Ability to grow your business without constant price increases for adding more units to your portfolio
• Property Board for messaging multiple tenants in one multi-unit property
• Excellent customer service, resources, and FAQs

If you are just starting to look for a property management software tool, here are the bare bones of what you should be looking for in a tool:

1. Rent collection
2. Lease signing
3. Maintenance requests
4. Tenant messaging

TenantCloud also has some amazing features coming down the pipeline and Mark gave us a sneak peek! A few things you can watch for are:

• Accounting/reconciliation features for tax season
• Customizable application screen by adding income verification
• Opt-in for credit reporting for tenants to help them boost their credit score (amazing!)

A major focus of TenantCloud’s business model is to do the heavy lifting, for you. They want to see your business grow and are there to help you do exactly that. 

That’s all for this week, friends! We’ll catch you in the next WIIRE episode!
 

Resources:

• Use TenantCloud for your REI business
• Grab your Early Bird tickets to join us at our Virtual Summit May 17 & 18
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

Hi, friends welcome back to another podcast episode. This week we're going to talk about the five things that you should do right away when setting up your REI business. This episode is near and dear to us as we're both guilty of missing a few steps along the way when we were getting started! Even if you've already established an REI business, putting these five things into practice will make a massive difference in your business in the long run.

#1 Bookkeeping

Whether you're choosing to outsource your bookkeeping or do it yourself, make sure you set yourself up for success by starting your bookkeeping processes early. We highly recommend using QuickBooks, but there are so many options on the market if it’s not in your budget. When it comes to setting up your QuickBooks or bookkeeping software, we also recommend that you hire a professional to set it up, that way you could choose to self-manage it and do the updating, categorizations, etc. as you go, to give you a hands-on look your finances on a regular basis. Along with hiring a bookkeeper, we also recommend finding a CPA who is well-versed in real estate tax processes.
 

#2 Open A Business Bank Account & Credit Card

We both prefer Capital One because you can generally get approved even without a business credit history and their app is very user-friendly, allowing you to easily see all of your finances in one place. Ideally, we recommend having one account per business entity.

#3 Create Business Profiles

One of the first things you absolutely need is an email address. We also recommend getting a Google Voice number to keep your personal number, personal. You also might consider setting up a PO Box so you don't have to give out your personal address if you don't have an office space, and bonus points if you set up your business social media accounts!
 

#4 Get Setup On A Property Management Software

This is another one of those things we recommend starting early because it will make your life so much easier in the long run. Using a property management tool will allow you to house all of your tenant communication, collect rent, get leases signed, and so much more, and keep everything organized and in one place. Tenantcloud has an excellent free version we recommend checking out. One of the biggest perks of property management tools is that late fees are automatically applied to rent, so you don't even have to think about applying them when rent is past due.

#5 Create Your SOPs

Start out by creating a checklist of everything you're doing; what happens and when. Document all of your processes: everything you do in your business day to day, month to month, week to week, year to year.  These checklists become your SOPs (Standard Operating Procedures) and what allows you to do things like train future employees, hire a property manager, or just keep yourself accountable. It should contain the ins and outs of how you run your business and can be as simple as a Google doc. Having SOPs in place helps to decrease decision-making and make sure that things don't slip through the cracks.

As we say: learn from our mistakes. don't do what we did but heed our advice and put these into practice now;  you'll thank us later.

That's all we have for you this week. We appreciate each of you tuning in every week and if you haven't we would really appreciate it if you would leave us a review wherever you listen to your podcasts. Reading each review brings us so much joy and really helps us get to know our audience a little bit better.

 We will catch you in the next episode!

Resources:

• Use TenantCloud for your REI biz
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private WIIRE Facebook Community
• Connect with us on Instagram

Hey everyone, welcome back to the Women Invest In Real Estate podcast! We're so happy you're here. This week, we're bringing you another midterm rental episode, and this time we’re talking about alternative ways to rent your midterm rentals. We're super excited about this because both of us are realizing that we need to be more active in targeting a wider group of traveling professionals, other than simply focusing on travel nurses. Let's get started!

Contractors

Amelia actually also loves to rent to travel contractors! Already having two travel contractors lined up to rent an MTR from her this summer, this profession is becoming much more common and it's definitely worth having in your arsenal. These tenants will be renting an MTR from her for about 5 months over the summer months, which is when construction really starts to pick up in Iowa. She is also leaving the units vacant for a bit longer than she normally would because she knows she's going to have this longer booking which makes it worth her while to have a longer vacancy. For these tenants, their company is actually paying the bill directly. The individual is on the lease, but the accountants from the companies are the ones paying the rent. Also, if you haven't caught on, Amelia prefers to rent to male tenants since they tend to cause fewer issues and do things like small repairs themselves versus calling her to take care of them.

Grace had a lead for a contractor who came in the month of December and wanted a year-long lease for an MTR property. She wanted to start with 4 months and ultimately wanted to be able to extend to a year but she also wanted a unit with a garage and unfortunately Grace didn't have one available at the time. She did not score that tenant but looking back she realizes she should have done everything she could to get that year-long lease. Additionally, Grace's uncle also is in real estate and tends to rent his unfurnished properties to a lot of gutter crews who come in from out of state. For the most part, these crews are there to eat and sleep and typically pay top dollar for the units. They bring their own air mattresses and live the simple life during their stay just because they can't or don't want to pay $100+ dollars a night for a hotel.
 

Corporate Clients

Next to travel nurses, corporate professionals are another big market to tap into. Grace knew that corporate professionals could be a great target market after working in the corporate world for a time. There are lots of employees, clients, interns, etc., who travel for a few months at a time for their company. In many cases, the company/business actually rent the unit and houses whoever they need to during the course of the lease. 

With corporate clients, you also want to keep in mind that for the most part, they are looking for higher-end properties that have a bit more polish. If you have a property in a great area with a spacious yard, garage, or even a really nice loft or apartment building, this could be a great market to look into targeting. Lastly, corporate leases also won't just fall into your lap you'll need to do some leg work and go on the offense to find these contracts.
 

Insurance Companies

Insurance companies, in our opinion, are probably the most high effort but likely offers the higher reward on the list. While we may have gotten close, we simply have not rented to this particular market yet. The idea is that you hook yourself up with insurance companies and when they have a family or individual whose home is uninhabitable due to a fire, storm, etc., they put them into your property at their expense. Typically they get a stipend or monthly allowance so this is another market where you can charge quite a bit more for rent. You basically become a short-term, midterm, or possibly even a long-term housing provider, while their home is being renovated.

One of the more challenging aspects of targeting insurance companies is that there is less often a need for this type of housing so you really need to have availability when the company calls on you. This is best suited if you have multiple properties in the area, for availability purposes, but not out of the realm of possibilities if you only have one.

Lastly, if you’ve been tuning in and haven’t left us a review on Apple Podcasts, Spotify, or wherever you tune in from, we would love it if you could take 1-2 minutes and leave us a review! Those reviews mean the absolute world to us and helps us so much!

Thank you so much for listening and we'll catch you next time!

Resources:

• Get TenantCloud for your REI business
• Check out Jesse Vasquez on the BiggerPockets podcast
• Join our private WIIRE Facebook Group
• Connect with us on Instagram

Welcome back to the fourth and final episode in our creative finance mini-series with Jenn and Joe Delle Fave. In this episode, we’re going to talk about using Facebook to source creative finance deals, because Jenn and Joe do a fantastic job of using this free resource to find tons of leads.

Check out the first three episodes of this miniseries:

• Episode 35
• Episode 36
• Episode 37

As you know, Jenn and Joe have been doing this full-time since March 2020, but they began their real estate journey back in 2017 and that is when they really started diving into using Facebook and social media to spread the word about their business. In 2017 Jenn surprised Joe by telling him that they were about to go live on Facebook to show off the Rehab on a house that they were going to be doing. Joe had no idea what Jenn was even talking about because going live on social media really wasn't a big thing yet. Like a deer in headlights, Jenn started the camera rolling on Joe, and it grew from there. 

Jenn's thought process behind it was that if people could sell things on social media like vitamins, jewelry, and Beachbody workouts, why couldn't they sell (or rent) real estate? It quickly escalated and Jenn and Joe realized that if they could find buyers for properties they could likely find sellers as well. 

Having a personal Facebook page is one thing, but starting a business Facebook page is much different and gives you a much more professional presence on social media. Jenn and Joe's early social media presence was minimal and mostly from the buying side. They occasionally would list properties they had for sale and they realized that the more involved they were with the post, the more traction the posts got. They gained the most traction by going live on their page. After using local Facebook groups to gain more traction, they eventually graduated to doing sponsored ads, but they still love live videos. They are also proponents of referral offers; these typically tend to be great leads. Bonus points if you share a photo or video of the referral on your social channels!

Maybe you’re ready to grow your Facebook presence but don’t have deals under your belt yet. Use photos you find online of what you're looking for. When you share what you're looking for on social media people can come to you with what they have or what they find when they're out and about. Post a photo of a fixer-upper with the caption “I buy houses just like this, do you know anyone selling a property like this one?” No one knows (or needs to know) that it’s not actually your house from a previous deal, it's simply what you're looking to buy. People want to see you, and buy into you; they want to see what you are up to in your business.

While it does take time to set up your Facebook account the right way, it doesn’t cost a thing. It doesn’t need to be glamorous, it just needs to be about you and your business. Posts and content that include a human face perform better than those that don’t. This is an excellent way to build that ‘know, like, and trust’ factor, without actually meeting someone in person.

Thanks for listening friends! We’ll catch you in the next episode!

Resources:

• Book a Consultation Call with Jenn & Joe and mention WIIRE to receive $2,500 off their programs!
• Visit Jenn’s website
• Connect with Jenn & Joe on Instagram
• Check out Jenn & Joe on YouTube
• Join our private Facebook Community
• Connect with us on Instagram

Welcome back to the Women Invest In Real Estate podcast! This is episode three is our four-part mini-series with Jenn and Joe Delle Fave and we are so excited to dive into today's topic: rent to own. Rent to own has a very specific creative financing strategy that Jenn and Joe are well-versed in.

But, before we get started if you haven't listened to the first two episodes in this mini-series follow these links to check them out:

• Episode 35
• Episode 36

Jenn and Joe began implementing the rent-to-own strategy in 2017. They had a handful of single-family homes rentals at the time and the thought of being a landlord became overwhelming and simply put, daunting. They were self-managing all of their rentals when they stumbled upon this new process and they decided to take it head-on. The summer of 2017 was a crazy summer for Jenn and Joe. all of their leases were coming due so they decided to give their tenants first right if they wanted to purchase the homes, which none of them did. They all moved out and Jenn and Joe converted all of the single-family homes into rent-to-own properties. 

The reason why they love this strategy so much is that they get to help their renters turn themselves into homeowners; what many would call the American dream. While they’re technically losing doors if tenants buy the property but that's okay because they can always get more doors. Their goal is to work with tenant-buyers and collect a large non-refundable option deposit upfront before they move in.

The tenants then continue to pay monthly rent and Jenn and Joe make cash flow each month. also with rent to own the tenant-buyer is responsible for items such as maintenance, any repairs to the property, and all utilities. Also, the tenant is more likely to keep up with all of the repairs and home maintenance when they're planning to purchase the home in the long run and they've already paid the non-refundable option deposit. Those tenants are treating the home like their very own, decorating landscaping and making it theirs and that is a really cool thing to be able to do for someone who might not otherwise have the opportunity to purchase a home.

Some of their favorite ways to advertise their rent-to-own properties are:

• Facebook groups and/or marketplace (surprise, our favorite too!)
• Craigslist
• Zillow
• Road signs
• …Any…way…possible!

With all of these methods, you can typically expect a huge influx of interest, but the key to filtering through all of them is to look specifically for the people who have that non-refundable option deposit, in hand.

That concludes episode three of our four-part creative financing series with Jenn and Joe, make sure you tune in next week for the fourth and final episode! We’ll catch you next week, friends!

Resources:

• Book a Consultation Call with Jenn & Joe and mention WIIRE to receive $2,500 off their programs!
• Listen to WIIRE Episode 35
• Listen to WIIRE Episode 36
• Visit Jenn’s website
• Connect with Jenn & Joe on Instagram
• Check out Jenn & Joe on YouTube
• Join our private Facebook Community
• Connect with us on Instagram

Welcome back to the Women Invest In Real Estate podcast, friends! This episode is part 2 of our 4-episode mini-series with investors and creative finance specialists, Jenn & Joe Delle Fave. This week, we’re diving into how to find creative finance deals and what to say to a seller to get the conversation started, plus we’re walking through how to put together and negotiate a creative finance deal from start to finish. Let’s get started!

If you haven’t already, go back and listen to episode 35, where Jenn & Joe broke down the most common creative financing methods. 

“If you don’t have leads, you don’t have a business.”

How do you find creative financing leads?

One of Jenn & Joe’s favorite ways to find leads is actually by connecting with people on social media, specifically Facebook (also one of our favorites as well). Believe it or not, Facebook is one of the largest platforms that people go to list properties they’re trying to sell. But, they’re not looking in real estate groups. They look at local buy, sell, trade pages, and also local garage sale pages to find leads as well. 

What do you say to the seller when you want to propose a creative finance deal?

One of the best parts of Jenn & Joe’s Creative Finance Playbook (keep reading!) is the script they give you to use in this exact scenario. It’s all about asking the right questions to keep the conversation moving forward. The most important piece of this is to make sure you find out why they are selling so you can pinpoint how you can best help them reach their goals and stay in alignment with your own. 
 

How do you fill out a creative financing purchase agreement?

While each deal can differ based on terms, the basics remain the same. Jenn & Joe use a standard purchase sellers agreement for their county that outlines:

• Who is the buyer
• Who is the seller
• Both parties information
• Payment terms (including: purchase price, monthly payment, term length, money down, or any other comments/notes)
• Any addendums or other required information

All of this information will be forwarded to your attorney who will put together the final agreement. 

Thanks for listening friends, make sure you tune in again next week for part 3! We’ll catch you in the next episode!

Resources:

• Listen to Episode 35, part 1 of the 4-episode mini-series
• Book a Consultation Call with Jenn & Joe and mention WIIRE to receive $2,500 off their programs!
• Visit Jenn’s website
• Connect with Jenn & Joe on Instagram
• Check out Jenn & Joe on YouTube
• Join our private Facebook Community
• Connect with us on Instagram

Hi everyone, welcome back to the WIIRE podcast! This week we are excited to welcome our dear friends, and Grace’s mentors, Jenn & Joe Delle Fave. You’ll remember Jenn, who joined us recently in episode 33, and this week her husband Joe is joining us for a jam-packed episode about creative financing. This episode is going to be full of awesome information, plus they’re sharing a special offer for their Creative Finance Playbook just for our listeners. We’re so excited, so let’s dive in!

Joe has been buying houses as a REI for just over 20 years now. He and Jenn met about 15 years ago, they got married, and started a family together, all with regular 9-5 jobs. Joe was a finance manager at a car dealership and Jenn was a teacher. They began doing real estate on the side together and had a vision of doing it full-time and eventually turned that dream into reality in March of 2020.

Hear more about their story in episode 33 here. 

Before they even knew what BRRR meant, they were buying houses, fixing them up, then refinancing and pulling cash out of their deals. While they weren’t the first to do it, they knew their process was highly unique and they could do something different. From there, they learned how to creatively finance buying and selling properties to place themselves in this niche market. They weren’t just buying houses, they had a strategy behind their buys and a strategy behind selling properties as well.

“Creative Financing, in its simplest form is the ability to buy real estate without having to go through the traditional process.”

In this episode, we're breaking down these 4 creative financing strategies:

• Seller Financing
• Sub To
• Wrap Mortgage
• Lease Sandwich

Make sure you tune in to episodes 36, 37, and 38 to hear more about creative financing (and so much more!) from Jenn and Joe Delle Fave!

Thank you so much for joining us this week, we’ll catch you in the next episode!

Resources:

• Book a Consultation Call with Jenn & Joe and mention WIIRE to receive $2,500 off their programs!
• Visit Jenn’s website
• Connect with Jenn & Joe on Instagram
• Check out Jenn & Joe on YouTube
• Join our private Facebook Community
• Connect with us on Instagram

Hello everyone, welcome back to another podcast episode. This week we're talking about our favorite topic (again), mid-term rentals! This is not only one of our favorite topics but from the feedback we’ve been getting we are learning it is your favorite topic too (amazing!)! So in this week’s WIIRE podcast episode, we will be walking you through all of the software we use in our businesses to manage our MTRs!

We have learned so much about the various software tools as we have moved through the various stages of our businesses and we are so excited to be able to break down what has worked, what didn’t, and are sharing some of our best tips or running a successful MTR. When we each launched our businesses we didn’t have a ‘list’ of software tools, but instead, we learned as we went along so we’re going to save you a lot of legwork by sharing all of our research and lessons learned. Let’s dive in!

Tool #1: FurnishedFinder

This should be the very first place you go to market your MTR to potential tenants. They specifically target the traveling nurse niche of the market, along with some other traveling professionals, and will find so many leads from this one place! FurnishedFinder is the place for you to be when you are ready to list your property because this is where you will find so many leads. You will receive booking inquiries and housing requests, but it is also important to remember to be actively reaching out to potential leads, rather than waiting on them to reach out to you, first.

Tool #2: TenantCloud

TenantCloud is an amazing website that will help you move tenants off of FurnishedFinder and into a property management space with ease. Once you have found your lead on FurnishedFinder, you can migrate them over to TenantCloud, which allows you to do everything from creating leases, maintenance requests, communication, invoices, and accepting rental payments, and more, for a super budget-friendly price. Remember, it is super important to build a solid foundation for your REI business if you plan to scale and TenantCloud is a great way to start!

Tool #3: Hospitable

Hospitable allows you to keep all of your tenant's stays from all of the various platforms (FurnishedFinder, Airbnb, VRBO, etc.) in one place to avoid overbooking, and much more. The calendar feature in Hospitable is amazing but you can also set up notification settings, for example, every time a tenant moves Hospitable can notify your cleaner automatically - a total game-changer! You never have to schedule cleanings automatically. It also reminds you (or your property manager) to do things like send back a deposit, etc. So many features that can help take the thinking out of recurring tasks that are normally forgotten.

Best Tips for Running a Successful MTR

• Use keypad locks, for unit entry, instead of traditional key locks. Smart or basic, both work great!
• Provide your tenants with a Welcome Guide (or, shameless plug, get ours when you join MTR Profit Academy!)
• Get yourself a damn good cleaner, who is a good communicator and knows how to check in using technology!

If you want more info on MTR Profit Academy, check out our website or email us directly! We’re more than happy to help and would love to inside!

Alright, that is all we have for you this week. Thank you so much for listening, and we'll catch you in the next episode!

Resources:

• Join us inside MTR Profit Academy
• Visit FurnishedFinder to find leads for your properties
• Use TenantCloud to get organized
• Check out Hospitable for your biz
• Join our private Facebook Community
• Connect with us on Instagram

Hello everyone, welcome back to another podcast episode. This week we are so pumped to introduce you to our friend and mentor, Jenn Delle Fave, who is going to talk about all things wholesaling, and also dive a little bit into creative financing since that is her niche. Jenn and her husband Joe are all about creative financing and wholesaling can be such a scary topic so we are going to break down exactly how it works so you can dive into it, a little less scared. While it can be scary to start, wholesaling can be an extremely fruitful tool to have in your investor toolbelt. 

Jenn and Joe have been married for just shy of 13 years, have two kiddos that they homeschool, and recently relocated from upstate New York to sunny Florida. They love having the ability to live their lives on their own terms! They do real estate full-time, having just opened an office with full-time employees, and also offer coaching. Lots of different avenues and are excited for what 2023 will bring their way!

It is also important to note that they are not realtors, so when we say they opened an office, it’s not a real estate office, it's specifically focused on creative financing and wholesaling. 

To say they stay busy would be an understatement, but they truly are passionate about their work and while it may sound cheesy they know they are in the right place doing what they love because they truly enjoy it.

Their journey started when Joe wholesaled his first deal well over 20 years ago, before Jenn was even in the picture. But when they met in 2008, they began buying junk houses together off the MLS when the market crashed, they discovered they despised being landlords. They decided to pivot into the rent-to-own model and began to learn the art of creative financing. They started accumulating properties with little to no money down, taking over sellers' payments, and have been able to build their portfolio well into the 20s. 

They actually help people own their own homes so the numbers are constantly changing with gaining and losing doors. Jenn and Joe have also really dove into wholesaling to help their company grow. After Joe’s first stent, it didn’t happen again until 2020. 

To learn more about Jenn you can head over to Instagram. They also have an awesome   Facebook group, Creative Finance Playbook with Jenn and Joe, where they go LIVE every Tuesday. Inside their group they offer free trainings, talk about their deals and share other great information. You can also follow them on their YouTube channel.

Thank you so much for tuning in. We'll catch you in the next episode.

Resources:

• Connect with Jenn on Instagram
• Check out Jenn & Joe on YouTube
• Register for Creative Financing Playbook
• Visit Jenn’s website
• Join our private WIIRE Facebook Community
• Connect with us on Instagram

Hello everyone, welcome back to episode 32 of the WIIRE Podcast! This week we have a special request from one of our followers on Instagram. Melissa writes:
 

“Hello loving your podcast. I'm new to real estate and we are looking for strictly cash flow to pay for liabilities we have. My husband wants to buy our first investment property with cash, hold, and then later when rates come down, and hopefully, the place appreciates, refinance. I would love a podcast on buying all cash and whether you think that would be okay?”

The short answer, it depends. But what does it depend on?

Well, there are a few factors we would take into consideration before making this decision and in this episode were going to talk about strategies for buying cash, the perks, and the pitfalls of both ways. 

What it really comes down to is being able to predict when rates are going to come down. If we could do that, we would be crazy rich. But since we can’t we need to know how to lean into what you know and what you are comfortable with. If you know that you have no debt on a property and you want one cash-flowing rental then that could be a great option. However, if you are looking to scale we would advise against it because you want to keep your capital moving, as quickly as possible in most cases.

So many things can happen to any one given property so consider that. We like to have some diversification in our portfolios. Even if all of your properties are in the same market you can still have a diverse portfolio because you are not relying on one single tenant to pay for everything for you. If you are planning to buy a property then BRRR, or refinance within six months to a year, then we would consider that purchase. 

Melissa also mentioned refinancing when the rates come down, but consider this: why not purchase it via financing right now, then refinance again when those rates come down? 

“Just because you have a loan on it doesn’t mean you can’t refinance it.”

For us, we're in scale mode; so it's all about the next property. However, Melissa might not be. She might want one and done and that's okay. It’s a really personal decision and there is a lot to consider on both sides. 

Thank you SO much, Melissa, for submitting that question. If you have a question you’d like us to feature in an upcoming episode send us a DM on Instagram or reach out via email.

 Thanks for tuning in, we’ll catch you in the next episode!

Resources:

• Get instant access to our Property Management Academy
• Join our private Facebook Community
• Connect with us on Instagram

Hey everyone, welcome back to another WIIRE podcast episode. This week we’re diving into a fun topic; 7 ways to find off-market properties. Both of us have purchased a good majority of our deals when they were off-market so we have some great stories and experiences to share with you.
 

Method 1: Driving for Dollars

This tried-and-true method involves you simply getting into your car, and taking a drive. While we have found that this method tends to work better in smaller towns, that doesn’t mean it won’t work anywhere, it just means you have to be more specific. What we do is drive around, looking for run-down multi-family properties, write down the address, then looking up the owner's information on the assessor's website. Once you find out who the owner is reach out to them, and ask if they have considered selling. Start the conversation, don’t overthink it, and don’t be afraid to ask. Lastly, remember that some ‘no’s’ might also mean ‘not right now’. 
 

Method 2: Direct Mail

The direct mail method can happen in two ways: one is if you are looking on a smaller scale to find a property you like (think about method 1) and write them a handwritten note. The second way is more of a professional approach, but also more costly and yields a larger number of leads. However, with this route, you have to be prepared to funnel in a large number of leads and scale quickly.
 

Method 3: Calling For-Rent Signs

This is how Grace found her first property. She called the number on a for-rent sign and after realizing the owner was an investor she asked if they had any available properties they were interested in selling. After getting a list of around 30 properties, Grace asked to see the crappiest property because they knew they could make a massive dent and turn it into a BRRR. After walking the property they went under contract, while it was off the market. 

Method 4: Wholesalers

In the world of REI, knowing people is truly where it’s at. Make sure you are joining local Facebook groups and attending local networking events to make those connections with wholesalers in your area. If you are going the wholesale route, make sure you are crystal clear on your buy-box so your time is not wasted by people sending you properties you wouldn’t even consider. Lastly, wholesalers are willing to sell quickly, for a lowball cash offer, which means you have to have cash and close quickly.
 

Method 5: Word-of-Mouth/ Contractors/ Networking

Another favorite method of ours, word-of-mouth is an effective way to find off-market properties. Don’t be afraid to shout from the rooftops what you do and what you are looking for. We recommend having a space (whether that is on Facebook or IG) where people can follow you and you can keep your name in their heads so when they do hear about a deal, they remember to connect with you about it. This also goes for letting your contractors know because they know a lot of people and are very well-connected. 
 

Method 6: Social Media

We touched previously on social media but when you make sure people can find you easily and see what you are doing people are much more likely to reach out to you. Also, we both have experienced organic leads (both legit and not-so-great) from social media, so make sure you are posting those rehab photos!
 

Method 7: Connecting with Current Landlords

This final method is another tried-and-true one and we cannot emphasize enough how important it is to utilize your network. Contact investors/property owners, you have purchased from before, or other local landlords to see if they know of any gems that might not be on the market. By purchasing off-market deals you are also avoiding realtor commissions and landlords are always happy to have more money in their pocket from a sale. 
 

The moral of the story about off-market properties is that sometimes they're hard to find, but if you just keep your eye out, you're constantly putting yourself out there, and you're always asking questions, they will come to you.

We hope you enjoyed this episode and we will catch you in the next one.

Resources:

• Get clear on your Buy-Box
• Listen to our Guide to Rental Arbitrage
• Join our private Facebook Community
• Connect with us on Instagram

The Tony Montana of Real Estate is the next guest on REIA Radio's 77th Episode.  Shawn Gomez started his Appliance Repair journey at age 19, working for $20/day. He used this to build knowledge and experience and eventually started his own company a few years later, ASAP Appliance Repairs. At the age of 25, he bought a 7-plex, a story that he gets into during his interview. After selling that property, he waited 5 years before purchasing his 2nd property. In the last 6 years, Shawn has flipped multiple properties - sometimes having 10 going at the same time - and has retained 33 units that's a mixture of medium term and long term rentals. Shawn shares how he's systemized his businesses, both his rental business that he self manages and his Appliance Repair and Plumbing company, offering plumbing services a couple of years back. His Failing Forward teaches us about hiring cheap labor... you get what you pay for, but sometimes you get more, not necessarily in a good way. All this and more inside REIA Radio's latest Episode. Let's go!

You can Join the Omaha REIA at https://omahareia.com/ 

Omaha REIA on facebook https://www.facebook.com/groups/OmahaREIA 

Check out the National REIA https://nationalreia.org/ 

Find Ted Kaasch at www.tedkaasch.com 

Owen Dashner on Facebook https://www.facebook.com/owen.dashner 

Instagram https://www.instagram.com/odawg2424/ 

Red Ladder Property Solutions www.sellmyhouseinomahafast.com 

Liquid Lending Solutions www.liquidlendingsolutions.com 

Owen’s Blogs www.otowninvestor.com 

www.reiquicktips.com 

Shawn Gomez on FB https://www.facebook.com/shawn.gomez.357622 

ASAP Appliance Repairs and Plumbing https://www.facebook.com/ASAPAPPLIANCEANDPLUMBING 

If you like the content on Omaha REIA Radio, Be sure to give us a review on your favorite podcast platform to help others find us and leverage the knowledge and experience our hosts and guests have to offer. We greatly appreciate you for tuning in and see you in the next episode!! 

Hello friends! Welcome back to the WIIRE Podcast. This week we are super excited to welcome Datha Santomieri from Steadily insurance onto the show to share with us all things landlord insurance. Datha is one of the co-founders and head of insurance at Steadily, an insurance solution for landlords, and also REI investors themselves. 

Datha has done a few flips of her own and one of her first flips was on a 7,000-square-foot property (what?!?) in Kansas. When she tried to get insurance on it during the renovation period it took dozens of phone calls and very few follow-ups to find an agent that knew how to correctly cover her property. It was such a clunky process and Datha knew the process could, and should be, much simpler. With her co-founders having similar experiences they knew it just didn't make any sense why it had to be so complicated to find insurance for investment properties. After a few years of frustration, they realized they were best positioned to solve the problem themselves. 

Being an insurance person herself, Datha had spent her entire career in the insurance industry, building programs and rolling out technology and operations to support them. Steadily’s customers love them because they have taken the friction out of something that didn’t need to be complicated in the first place. 

In this episode, Datha is sharing: 

• Intel between the different types of policies and properties
• How to make sure your property is covered, correctly
• What vacant property insurance means
• Cash value vs replacement value of a property
• The benefits and how you can best use Steadily

For more info about Steadily and find out how they can support your REI properties, head to their website to learn more!

Thanks for tuning in, we’ll catch you in the next episode!

Resources:

• Check out Steadily for your REI biz
• Find Steadily on Twitter
• Learn about Steadily on LinkedIn
• Get the scoop on Steadily on Instagram
• Hear more about Steadily on Facebook
• Join WIIRE’s private Facebook Community
• Connect with us on Instagram