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    mtr

    Explore " mtr" with insightful episodes like "WIIRE 009: Don't Make These 5 Property Management Mistakes with Amelia & Grace", "WIIRE 008: BTS: Eviction, Seller financing & STR with Amelia & Grace", "WIIRE 007: Is the Mid-Term Rental Market Changing with Amelia & Grace", "Making backups a coherent strategy for fast recovery" and "WIIRE 006: LTR to MTR with Ashley Gallacher" from podcasts like ""Women Invest in Real Estate", "Women Invest in Real Estate", "Women Invest in Real Estate", "Tech means Business" and "Women Invest in Real Estate"" and more!

    Episodes (81)

    WIIRE 009: Don't Make These 5 Property Management Mistakes with Amelia & Grace

    WIIRE 009: Don't Make These 5 Property Management Mistakes with Amelia & Grace

    Hi everyone, welcome back to the WIIRE podcast! In this week’s episode of the Women Invest In Real Estate podcast we’re going to talk about the five property management mistakes that you should not make. We’ve each learned some of these the hard way and want to help you avoid them at all costs too!

    First and foremost, a reminder…Do as we SAY, not as we DO!

     

    5 Property Management Mistakes

    1. Not using a property management software! 
     

    Yes, they cost money but hear us out. This investment will not only save you time and energy but will streamline your processes, tenfold. We love TenantCloud and highly recommend checking it out. There are a few key things a property management software should do for your business:

    • Allow you to collect deposits, rental payments, fees, etc.
    • Submit maintenance requests
    • Sign rental agreements/leases
    • Communicate with clients
    • Bookkeeping (you’ll thank us come tax season!)

     

    2. Not setting (and sticking to) regular business hours

    What that means is don't train your tenants to think that you will reply instantly on Saturday and Sunday, or even instantly at all. We are huge proponents of setting business hours so our tenants know when they can reach us and what our rough turnaround for requests is, aside from emergency situations of course.

    What does this look like? If you are on your computer at 7:30pm on a Sunday evening and you see a question come in (not an emergency), let it sit until Monday. Then on Monday, respond by letting them know you just received their request from the weekend and add the rest of the response to their request. 

    Unless you want property management to be an around-the-clock business, set your business hours, and stick to them. (There will be situations that are clearly emergencies or more urgent and this does not apply to those.)

     

    3. Failing to properly onboard a tenant

    Onboarding tenants is definitely more work on the front end of a move-in, but it is so beneficial in the long run. Setting ground rules and training your tenants on expectations from the start is going to help save you a lot of headaches down the road. After they sign the lease, provide them with a simple welcome packet. This could include:

    • Instructions on submitting maintenance requests
    • How to setup utilities (bonus points for adding websites or phone numbers)
    • Expectations for property/community

    You should also include a move-in checklist where the tenant goes through the property in the first few days, notes anything that is broken/needs repairing/is damaged then turns it in so they are not held responsible for those upon move-out. 
     

    4. Not having an Estoppel Agreement in place for inherited tenants.

    An estoppel agreement is a fancy way to describe a document that reiterates the terms of a lease for an inherited tenant. It includes anything that might be a verbal agreement between the tenant and the current landlord. With estoppel agreements, we also ask for all outstanding maintenance requests to ensure there are fewer surprises upon purchase of the property. 

    Key components of an estoppel agreement are:

    • How much their deposit was
    • What they pay in rent and any fees each month
    • Who is responsible for the utilities
    • Who lives at the residence
    • Any verbal agreements in place between landlord and tenant
    • Lease length

     

    5. Last but certainly not least is doing quarterly, biannual, or annual walkthroughs of your units.

    This is so important because it gives you a chance to get into your units and make sure they are being properly cared for but also allows you to look at general maintenance that needs done to keep the property in top shape and not degrade over time (looking at faucets for water leaks, checking for mold, pests, etc.). It will allow you to stay aware of any issues that may arise or what to expect when a tenant moves out and how much work you could expect to have to turn that unit over.

     

    Avoiding these 5 things is simply about being a proactive landlord, rather than a reactive landlord. We too are guilty of (likely) all of these, and like everything in business, there is always room for improvement. 

    See you next week!

     

    Resources:

    WIIRE 008: BTS: Eviction, Seller financing & STR with Amelia & Grace

    WIIRE 008: BTS: Eviction, Seller financing & STR with Amelia & Grace

    Welcome back to episode eight of the Women Invest in Real Estate podcast! In this episode, we’re giving you a behind-the-scenes look at what we are up to in our businesses, and we’re kicking it off with an eviction story from Amelia. Let’s get started!
     

    Amelia’s Tenant Eviction Story

    With what is Amelia's first (and also hopefully her last) eviction, she’s learning some excellent lessons on handling tenants and the process of an eviction. This particular tenant has been problematic for the past 9-10 months and it has escalated to his becoming verbally abusive towards her and physically destructive to her property.

    While no property owner wants their property to sit vacant, it will serve her much better in the long run, to hire a lawyer and evict this tenant. She will be able to rehab this unit and be able to up the rent on the unit - so while evicting a tenant is never an ideal solution, in this case, it is the best choice. She has positive, regular cash flow from her mid-term rentals and can afford to let the unit sit vacant while she goes through the eviction process and rehabs this unit. 
     

    Hiring a Lawyer

    Hiring a lawyer has been the absolute best decision to move through this process and has served Amelia well. Amelia paid her lawyer a retainer of $1,990 to essentially handle her entire eviction process. If the tenant leaves without having to go to court she will receive $900 of that back and feels it has been 100% worth it. 
     

    Best tips for the eviction process…

    1. Communicate only in writing, not by phone
    2. If you can afford to do so, hire a lawyer
    3. Don’t accept a partial rent payment if you’re already in the eviction process
    4. Send documents, or any deposit/checks, via certified mail
    5. Put your human feelings aside and just like move forward from a business standpoint
       

    Grace’s Updates

    Grace is in the process of purchasing a single-family (nearly turn-key) home that is on the same street as her existing four-plexes. For this property, Grace negotiated a seller-financed deal that was a bit different than others she has done because this particular seller is an investor herself. It will be a quick turnover - a solid house, in a solid neighborhood - just needs a fresh coat of paint before listing. She has already reached out to some insurance agencies who are all interested in renting this property for their clients. 

    After this house is finished, Grace is excited to be done rehabbing and buying for a solid three months so she can do some traveling and just take a massive break. Grace has been rehabbing for nearly a year and a half straight and is excited to hit pause after this house is complete. 

    Also during this time, Grace is excited to get some much-needed systems upgraded and new systems in place to help her productivity and also take a good look at where she’s at and what direction she wants to take coming up. 

     

    In The Works…

    Amelia currently still has 5 inherited tenants. Once they move out she plans to convert them into mid-term rentals, however, there are two tenants who might be hold-outs as long-term tenants. Frankly, she is fine with that. They have been there for 10 and 17 years and despite being under market value provide stability and the property functions well as it sits right now. 

    Amelia also has an Airbnb property in Clear Lake Iowa which reached over 80% occupancy for July and is set to make over $2,500 in cash flow on this property in July alone. This has given her the bug to keep her eyes peeled for vacation rental properties that makes sense for her. 

    Grace on the other hand doesn’t want to be all mid-term rental. She likes the consistency and stability that comes with her long-term rentals. Like Amelia, Grace also has her eyes peeled for an Airbnb-style property that is small, doesn’t require a ton of rehab work, and will serve her well. Another reason Grace is looking to add an Airbnb property to her portfolio is that she wants to be able to hire an internal property manager but right now it doesn’t make sense financially. But if she add an Airbnb to her portfolio that would add to her cash flow she would be in a better position to add this person to her team and take some work off of her own plate. 

    That’s all for this week, thank you so much for joining us and getting a little behind-the-scenes look at the happenings in our lives as real estate investors! We're so happy that you're listening and you can follow us over on Instagram for more updates! 

    We'll see you in the next episode!

     

    Resources:

    WIIRE 007: Is the Mid-Term Rental Market Changing with Amelia & Grace

    WIIRE 007: Is the Mid-Term Rental Market Changing with Amelia & Grace

    Welcome back to episode seven of the Women Invest In Real Estate podcast! This week on the podcast we are diving into what changes we anticipate experiencing in the mid-term rental market and also how you can plan for and protect your real estate portfolio for those potential changes.

     

    Amelia’s Take

    Obviously, we know that the COVID pandemic is subsiding (fingers crossed). Some of the questions I’ve been asked are:

    • Are we seeing a reduction in requests from traveling nurses because of this? 
    • Do we think that the market is slowing down? 
    • Do we think it's changing? 

    Personally, my answer is yes, I think it's changing. But is that going to stop me from continuing the midterm rental strategy? No. There are certain steps that I'm taking to mitigate some of this risk but I don't plan on converting any of my units, or dropping the mid-term rental units, anytime soon. 

     

    Grace’s Opinion:

    My short answer would actually be, no. I have not seen a change in requests and I’m still being bombarded with mid-term rental requests, especially my one-bedroom units because a lot of people are solo travelers. However, as you said, am I going to go buy another 10-unit mid-term rentals to turn over right now? Probably not. (If it was the right deal I would, especially if it was one bedroom.) 

    But I still see a huge demand because I’m in a market where there really isn’t much competition for mid-term rentals. They are more scarce and there are a few big hospitals in the area. As I’ve mentioned in previous episodes, I have clients who drive 20-30 minutes to their hospital because there just isn’t anything nearby to their destination. I’m in a smaller, more rural area. However, I don’t see the market ramping up. 

     

    The Short Answer

    We really don’t know. If we did, if anyone knew exactly what was going to happen with the economy, they would be able to make bank on that information. But in reality, no one really knows for certain. 

     

    Mitigating the Risk

    The way we structure our lease terms to protect ourselves against cancellations is the specific terms we are including in the lease. This is to: 

    1. Protect us as landlords 
    2. Assist travelers if their contracts are canceled (it happens!)

    Grace requires that if her tenant cancels, they are only ‘on-the-hook’ for rent until she finds a new tenant to put into that unit. In the fine print, it also explains that I will work really quick to try to find another tenant. This is very fair because she already has more risk by offering 3-month leases, whereas most landlords lock you into a 6 or 12-month lease. This protects Grace because it ensures she has no vacancy and the only two times she has experienced this she has found new tenants to take over the lease in under two weeks.

    Additionally, we collect a deposit from every tenant to ensure that we aren’t holding a unit for someone to not show up. This way, if they cancel their reservation without the required notice (or simply don’t show up) we aren’t completely out of pocket.

    Both Grace and Amelia also invest in multi-family properties. Their units are diversified so if the mid-term rental market does slow down (or tank completely) they can convert some of the units back to long-term rentals.

    Another unique place to look when looking to fill units is with insurance agencies. There are a lot of insurance agencies out there who are looking to house people for a medium term. Maybe a few months, six months to a year, who might need furnished housing because they have a client whose house burned down, the basement flooded, etc. By contacting the third-party company (who also furnishes the property - bonus for you!) they get you lined up to house those people who need emergency housing, and they take care of furnishing it. This is a bit less risky because the insurance company is the one responsible for the security deposit, the rent, etc., on the property. You are also helping out a family with very few options who would otherwise be stuck living in a hotel.

     

    Final Thoughts

    Traveling nurses have been around for way longer than the COVID-19 pandemic. The concept and practice is absolutely not going away. 

    But one thing that has truly shifted with the pandemic and we are still experiencing this massive shift is working remotely, vs being tied to a physical location. More and more businesses are emptying their physical office spaces, or downsizing to smaller locations, in favor of allowing their employees to work from where they are. So if those workers are looking for 3-month accommodations where they can experience different cities for short periods of time while working, they are likely going to be looking for furnished mid-term rental units. 

    While of course, we don't know for sure, that is where we think the mid-term rental market is headed. But if you're nervous about diving into mid-term rentals, just know that there are many ways to protect yourself and diversify your portfolio so that if there is a shift in the market, you will still feel good about your investments and be safe.

    Thanks for tuning in, friends! We'll catch you next week!

     

    Resources:

    Making backups a coherent strategy for fast recovery

    Making backups a coherent strategy for fast recovery

    You can spend millions of dollars on every cybersecurity feature under the sun and commit similar sums to create SOCs and ranks of qualified experts. But sooner or later, your organization will suffer a cyber breach.

    With that in mind, what's the policy for recovery, rollback, and business continuity? What's your recovery time and recovery objectives? And what are you backing up where, and why?

    Thinking about a recovery strategy early will involve an examination of the data your organization holds and what you might prioritize over other information. That process should inform you what you want to snapshot every ten seconds and what can go straight into cold archive.

    In this episode of the Tech Means Business podcast, we talk to industry stalwart Brian Spanswick of Cohesity about how putting the business's continuity needs at the front of the pile of arguments as to what gets backed up, where, when, and how. If your company is going to cease trading if it loses information stored in X, then making X recoverable in an instant has to be your focus. The pictures of the Head Office party can probably wait…

    Brian's experience helps us shed light on why we should be running rsync, arguing air gaps, and studying snapshots. (This podcast contains no further alliterations.)

    Brian's profile lives here:
    https://www.linkedin.com/in/brianspanswick

    You can read about Cohesity's backup and recovery solutions here:
    https://www.cohesity.com/

    Joe "spinning rust" Green on LinkedIn is here:
    https://www.linkedin.com/in/josephedwardgreen/

    WIIRE 006: LTR to MTR with Ashley Gallacher

    WIIRE 006: LTR to MTR with Ashley Gallacher

    Hi everyone! Welcome to episode six of the Women Invest In Real Estate Podcast. Today we are welcoming guest Ashley Gallacher to the podcast. Ashley is a full-time real estate investor in the Seattle, Washington area. Ashley left her W-2 in corporate finance at the end of 2020 and now has both short and mid-term rental properties throughout Tacoma, near Mount Rainier National Park, and also in Milwaukee.

    Ashley got her start in mid-term rentals after learning about Kendra and also Sarah Weaver on Instagram. They both have amazing resources on their Instagram pages and she came across them when she was looking for inspiration on how to pivot and switch her long-term rental to something different. Right now, Ashley only has one mid-term rental but it is on her list to turn more of her existing rentals into mid-term rentals and also find new properties to turn into mid-term rentals to add to her portfolios as well.

    Ashley purchased her now mid-term rental in early 2020 (pre-pandemic) for $270,000. When they closed in March 2020 things quickly began to shut down and were lucky enough to find a long-term tenant very quickly for $1,700 per month, a bit lower than initially planned but she was also happy to have it occupied going into the COVID pandemic. Despite her initial fear that her market was oversaturated with mid-term rentals Ashley made the leap and has had great success with her mid-term rental.

     When Ashley made the switch to mid-term rentals, she increased the rent from $1,700 to $2,500 per month (now up to $2,700 per month) and gauged interest on a local Facebook group. With a lot of inquiries, she quickly locked in tenants before she had even finished furnishing the unit!

    Being in real estate is all about being creative. Just getting started, taking action, and learning as you go; making necessary adjustments along the way. For the rookies tuning in, none of us knew 100% what we were doing when we first started, but we started anyway. We’re continuously changing our processes to make them better.

     Ashley is in agreement that the mid-term rental market is strong and will continue to grow and has plans to continue growing her real estate portfolio basing whether they are long or mid-term on the demand in the market. For the most part, Ashley finds her tenants on FurnishedFinder and local Facebook groups but would be open to using sites like Airbnb to keep her units rented.

    If you want to connect with Ashley, head on over and follow her on Instagram.

    Thanks for tuning in friends to another WIIRE episode, catch you in the next episode!

     

    Resources:

    WIIRE 005: Our Very First Mid-Term Rentals (& What We've Learned Since!) with Amelia & Grace

    WIIRE 005: Our Very First Mid-Term Rentals (& What We've Learned Since!) with Amelia & Grace

    Welcome back! Today we're going to talk about our very first mid-term rentals. We will be covering how we set up our first mid-term rentals and how we started managing our first mid-term rentals. 

    Amelia’s first ever mid-term rental was in an 11-unit apartment building located about five minutes outside of downtown Des Moines, Iowa. She had seen a few people on Instagram doing the mid-term rental thing and was looking for ways to increase the cash flow on a brand new property that they were going to be purchasing. Before they she and her partners even purchased the property, they decided they were going to try the mid-term rentals strategy out and would start by converting one of the studio units into a mid-term rental to test the waters and see how it went.

    With this property being all studio-style apartments, it would make a perfect mid-term rental layout. They could keep their furniture expenses low and as a bonus, it was close to all of the downtown hospitals. 

    This particular property Amelia furnished mostly using Facebook Marketplace purchases for right around $3,000. Once it was furnished and ready for tenants she listed it on FurnishedFinder. Within about 24 hours she had her first inquiry; he signed the lease and the rest is history. 

    But when this particular tenant moved out, he gave no notice, so he obviously did not get his deposit back. However, it only sat vacant for about one week before it was occupied again. 

    One thing we want to add is that we do a few key things to protect ourselves in the event that someone were to cancel at the last minute because let’s face it, plans change. In these instances we simply state that the tenant is ‘on the hook’ for the rent until we find a new tenant - and we will do our very, very best to fill the unit as quickly as possible (which is rarely more than two weeks). We also like to use referrals for our regular traveling nurses - especially if they can find someone to split the unit with them.

    We like to look at mid-term rentals like a puzzle: how can you line up all of your mid-term rentals so there's a minimal vacancy.

    Grace prefers to look for those wanting a minimum of a 3-month stay because it is not her goal to be a short-term rental host. The exception here is if the has only a few days or weeks between tenants and she will offer the unit as a short-term rental at a higher nightly rate (think Airbnb), or someone who is willing to take over the remaining time on a canceled rental. For 

    Grace’s goal is minimum vacancy and has had really good luck with people who have stayed and continued to extend their stay. The reason for that is that she makes sure that her units are nice, but not necessarily over the top. They don't have a bunch of extra amenities, but they have what you need, they're cute, and they're clean.

    Investing in real estate provides so many opportunities to be creative with the properties that you already have, or new properties that you're purchasing. But we just love the mid-term rental strategy for that reason.

    If you are interested in learning more about mid-term rentals, we have a couple of options for you. The first is our free MTR Starter Guide which covers the three most frequently asked questions that we get about midterm rentals. The second option is our Mid-Term Rental Profit Academy course. 

    Thanks for tuning in, everyone. Catch you in the next episode!

     

    Resources:

    WIIRE 004: 3 Steps to Launch Your Mid-Term Rental with Amelia & Grace

    WIIRE 004: 3 Steps to Launch Your Mid-Term Rental with Amelia & Grace

    Welcome back to episode four of the WIIRE podcast. In today’s episode, we’re going to talk about the first three steps to getting started in mid-term rentals. We are super excited to dive into this topic because we both got started not too long ago in mid-term rentals ourselves so it’s pretty fresh. The steps we are going to cover can also be found in our free downloadable MTR Starter Guide

    We’ve compiled these three steps because they are the most common questions we get about getting started with mid-term rentals. At least once a week we get questions coming into our inbox with questions such as:

    • How to get started
    • How to identify a market
    • Where to list your property

    …plus so many more. So we’ve taken all of these great questions and created this free guide

     

    Step 1: Identify Your Market

    How do you know if your market is good for a mid-term rental?

    One of the biggest indicators about midterm rentals is that most of the tenants are traveling nurses. The first indicator is if it has hospitals, nursing homes, or some sort of medical facility in the local area. Also, if it has a medium to large population size is a good indicator as well. While mid-term rentals can work anywhere if you're looking to have more of a steady income with a mid-term rental you're going to want to look in a medium to big-sized city. The exception to this is if you are the only mid-term rental in your area. 

    The other thing about choosing the right market is that it's really going to help in the way that you might be able to turn your midterm rental into a short-term rental, if the opportunity is there, or maybe if mid-term rentals slowing down. And of course, the bigger the city, the more amenities in that city, the easier that's going to be to keep it occupied. One other identifier is, if the city has a major airport for travelers, including airline employees. 

    Simply doing your research ahead of time to see if there's a need for mid-term rentals in your area will help you decide if it is a good move for you. 

     

    Step 2: Identifying A Location 

    In this step, you need to look within the city you’ve chosen and see where within the city makes sense. One thing that's going to be different than a long-term rental is you need to have A and B-class neighborhoods because these people are coming from out of town and are trusting you to place them in a safe location. They're not going to be there for that long and are not okay with staying in D and C class areas or buildings that are loud, unsafe, and noisy. It needs to be in a good location, safe, cozy, and comfortable. 

    Many of these travelers are traveling alone and in our experience, over 50% of them have been females, and they want a safe and quiet neighborhood.

    Another indicator of a good location is within 15 to 20 minutes of driving distance of the facility that they're going to be working at, specifically if they are a traveling nurse or medical professional. Many of them work on call and if they are called in they need to be within 15-20 minutes of that facility or hospital. Another perk is if it is close to public transportation if it is in a larger city. 

     

    Step 3: List your mid-term rental

    The most common question we get: ‘where do you list your midterm rental?’

    If we could only list our properties in one place, it would be FurnishedFinder. FurnishedFinder is specifically for mid-term rentals and is a platform that targets traveling nurses as well as a lot of other traveling professionals. On FurnishedFinder, bookings tend to come in around three weeks ahead of time.

    The other two websites we have also used are AirBNB and also in city-specific Facebook groups for traveling nurses or even city-specific FurnishedFinder groups. 

    If you’re interested in learning more, check out our course called MTR Profit Academy, designed to start using midterm rentals as a way to start doubling your cash flow. 

    Thanks for tuning in, see you next week!

     

    Resources:

    WIIRE 003: Behind the Scenes: Seller Finance Acquisition & Crazy Tenants

    WIIRE 003: Behind the Scenes: Seller Finance Acquisition & Crazy Tenants

    Welcome to episode three of the Women Invest In Real Estate podcast! Today's episode is a behind-the-scenes look into each of our businesses and what we're currently up to. 
     

    Amelia’s Current Projects

    I recently bought a duplex in West Des Moines, but I didn't have to do a single thing to it so I never really think about it as a purchase. But prior to that, I hadn't bought a property since August of 2021. I'm currently in the works of purchasing a dilapidated triplex in my small hometown. It needs a full gut and a lot of exterior work. The way that I found this triplex was I had someone apply for one of my other rental units, and the reason that he put for moving from his current residence was that his current landlord was selling the property. So I figured out who that landlord was and I reached out to him asking if he had any other properties that he was looking to sell.

    Despite it being a small town I hadn’t heard of this seller. I found his phone number and it turns out he was interested in selling another property. I met him, took a look at the property, waited about a week, and sent him a seller-financed offer. The offer was for $48,000 on a 5-year term; with five equal payments of around $9,600 each. Obviously, we would have no early repayment penalty, because the plan with the property would be to fix it up and then BRRRR it out. At that point, we would refinance into a conventional mortgage after all of the rehab was done. 

    This property landed on a purchase price of $50,000 and will likely need between $50-60K to rehab it before I go for the refinance. Right now I think it will appraise for between $115-120K and then the rent roll will be around $1,875. 

    This particular property will be operated as a long-term rental. While I love mid-term rentals it is a really big property and I don’t want to have to furnish it. There's also something to be said for the stability of still having long-term rentals, which makes me feel good at night. The other thing with this property is that two of the three units are vacant. With this being my hometown experiencing a major housing shortage it feels good to be able to provide quality housing to the community. 
     

    Grace’s Current Projects

    I have my eight-unit rental property that we purchased back in December and have been fixing it up DIY style. As each unit turned over we rehabbed them and we now have three out of eight units left. We are working on all three at once and they will all be mid-term rentals because their location is so close to the hospital. They're each one and two bedrooms and my one-bedroom requests on mid-term rentals on Furnished Finder right now are insane. 

    This time around we did decide to hire out the painting, which has been absolutely amazing. We also are hiring out the window and siding replacements for this property. With this property being mid-term rentals we pay the utilities on these and we have decided to remove some of the windows since there was such a large quantity of them.

    I’m hoping to wrap up this property and have it appraised in the next four to six weeks so we can lock in our rate. We will make sure that all of our numbers and income are together, and that the property looks top-notch for the appraisal so I can get top-dollar on that property.

    With no ‘next’ projects in Grace’s pipeline, she is excited to enjoy some R&R over the summer and really focus on what she wants to do next!
     

    Thank you so much for joining us on this behind-the-scenes look at our real estate investing businesses. Catch you next time!

     

    Resources:

    WIIRE 001: Welcome to the WIIRE Podcast! An introduction to Amelia & Grace

    WIIRE 001: Welcome to the WIIRE Podcast! An introduction to Amelia & Grace

    Hello friends! Welcome to the very first episode of the Women Invest In Real Estate podcast with Amelia and Grace. We’re so excited you’re here! In this first episode, we’re going to tell you a little bit about our backgrounds and also dive into the lessons we’ve each learned during our investing journey.
     

    Amelia’s Story

    Amelia is a 30-year-old investor from Des Moines, Iowa whose investing journey started in 2019 when she bought her first property with her parents to flip. In June 2020 they sold that property and she decided she no longer wanted to flip properties but instead wanted to buy rental properties so that she could earn passive income every single month. Her plan was to use a portion of the proceeds from that flip to put down payments on her next rental properties. 

    Prior to that, she had spent about two years researching properties and trying to talk her parents into joining her on the real estate adventure before they finally gave in and none of them have ever looked back. When they finally said ‘yes’ they purchased a 4 bedroom, 2 bathroom property for only $28,000, and everything that could go wrong did go wrong.  

    Amelia firmly believes in just getting started

    When they finally finished the flip and sold the property they moved on to purchasing a tri-plex in her hometown. Knowing it already had tenants living in it and being in pretty rough shape Amelia was driven by providing safe and clean housing to residents of her own community. Since then, Amelia has continued to grow her real estate portfolio and now has 30 doors across the state of Iowa. 

    One of Amelia’s biggest lessons learned was how to get creative and just roll with the punches. Another note Amelia leaves us with is failure is not an option. Know how to pivot and problem-solve: if you cannot do those things real estate may not be the best fit for you. Lastly, she learned that if you show other people (friends, family, or close-knit network) what you're doing and that you're making money and having success, they're going to want to get involved.

     

    Grace’s Story


    Prior to getting into real estate, Grace actually had already established an Instagram following by posting about her love of reading. Once she made the pivot (changing her entire presence on Instagram) she met Amelia. Grace originally went to school for engineering and after only one year Grace made the pivot into real estate. As a New Years’ Resolution with Amelia they started a Meet-Up, and the rest, as they say, is history.

    Grace began her real estate career by partnering with her sister and her boyfriend and together they purchased their first property in 2021. A few months later they purchased a few more and had a total of three properties (five doors). She felt like this was the right move for her and with the ability to go back to her old job (or find a new job) - and was in a debt-free comfortable position to take this chance. 

    “You can do anything and everyone is an entrepreneur. Just put yourself out there. You just have to decide.”

    Another piece of advice Grace gives to anyone starting on the real estate journey is to double your timeline and your budget. Don’t start with a full gut (like she did - which thankfully worked out in her favor).

    Now, Grace has a total of 20 doors in her real estate portfolio, all within about 20 minutes of where she lives, self-managing all of them. But what Grace is really excited about is what is just ahead of her. Nothing. There is nothing in Grace's pipeline and she's pumped to be able to spend time reassessing and figuring out exactly where she wants to put her intention next.  

    “It’s ok to not know what you want to do or where you want to go. We’re all just figuring it out.”

    We both struggle with imposter syndrome (who doesn’t), but at the same time, we have learned to work through it, together. 

    Thank you so much for tuning in to the first WIIRE episode, see you next time!


     

    Resources:

    458: Traceroute interpretation

    458: Traceroute interpretation
    Fundamentals of the FreeBSD Shell, Spammers in the Public Cloud, locking user accounts properly, overgrowth on NetBSD, moreutils, ctwm & spleen, interpreting a traceroute, and more NOTES This episode of BSDNow is brought to you by Tarsnap (https://www.tarsnap.com/bsdnow) and the BSDNow Patreon (https://www.patreon.com/bsdnow) Headlines Fundamentals of the FreeBSD Shell (https://klarasystems.com/articles/interacting-with-freebsd-learning-the-fundamentals-of-the-freebsd-shell-2/) Spammers in the Public Cloud, Protected by SPF; Intensified Password Groping Still Ongoing; Spamware Hawked to Spamtraps (https://bsdly.blogspot.com/2022/04/spammers-in-public-cloud-protected-by.html) News Roundup A cautionary tale about locking Linux & FreeBSD user accounts (https://www.cyberciti.biz/networking/a-cautionary-tale-about-locking-linux-freebsd-user-accounts/) Overgrowth runs on NetBSD (https://www.reddit.com/r/openbsd_gaming/comments/ucgavg/i_was_able_to_build_overgrowth_on_netbsd/) moreutils (https://joeyh.name/code/moreutils/) NetBSD, CTWM, and Spleen (https://www.cambus.net/netbsd-ctwm-and-spleen/) How to properly interpret a traceroute or mtr (https://phil.lavin.me.uk/2022/03/how-to-properly-interpret-a-traceroute-or-mtr/) Tarsnap This weeks episode of BSDNow was sponsored by our friends at Tarsnap, the only secure online backup you can trust your data to. Even paranoids need backups. Feedback/Questions Lets talk a bit about some of the events happening this year, BSDCan in virtual this weekend, emfcamp is this weekend too and in person, MCH is this summer and eurobsdcon is in september. How were the postgres conferences benedict? Send questions, comments, show ideas/topics, or stories you want mentioned on the show to feedback@bsdnow.tv (mailto:feedback@bsdnow.tv) ***

    #MicrosoftTeams #Exchange #MECisBACK #MTR

    #MicrosoftTeams #Exchange #MECisBACK #MTR
    Hallo liebe Zuhörer:Innen, Hallo liebe Community,

    in unserer aktuellen Episode sprechen wir sehr viel über #MicrosoftTeams, über #Exchange vNext und etwas über #SharePoint.
    Speziell im Bereich Microsoft Teams geht es um die demnächst entstehenden Kosten bei der Nutzung der GraphAPI für Abfragen in Richtung Microsoft Teams, den Teams-Knopf am Headset und der Konferenzspinne, sowie um Microsoft Teams Rooms Systems (MTR).
    Das wir dann noch über die anstehende, virtuelle MEC (Microsoft Exchange Conference), Exchange vNext, sowie über SharePoint, rundet diese Episode ab.
      
    Für einige der Themen haben wir die Links für mehr Details in die Beschreibung gepackt.

    Wie immer freuen wir uns über Euer Feedback und wünschen Euch viel Spaß bei unserem Talk,
    Michael und Thorsten
    --------------------------------------------------
    Exchange vNext: Exchange Server Roadmap Update - Microsoft Tech Community
    MEC is back: Microsoft Exchange Community Airlift | Home
    Exchange open enrollment in TAP: Open Enrollment for Exchange Server 2019 TAP - Microsoft Tech Community
    Feature Übersicht SharePoint Subscription Edition: New and improved features in SharePoint Server Subscription Edition - SharePoint Server | Microsoft Docs
    -------------------------------------------------
    Link zum Blog findet ihr hier: https://talkm365.net
    Auf Twitter unter: @TalkM365
    Twitter Michael: @plemich
    Twitter Thorsten: @thorpick
    Link zum YouTube-Kanal: https://link.talkm365.net/YouTube
    Link zum Teams UG - Meetup: https://link.talkm365.net/TeamsUGMeetup
    Link zu Thorstens YouTube-Kanal (Quick-Tipps): Thorsten Pickhan - YouTube
    --------------------------------------------------
    Reference-Links:
    Music Intro/Outro: Vacation - AShamaluevMusic.
    Music Link: https://soundcloud.com/ashamaluevmusic/vacation
    Music Background: Inspirational Corporate Ambient - AShamaluevMusic
    Music Link: https://www.patreon.com/ashamaluevmusic
    --------------------------------------------------

    Discussing BPCon 2022, CoLive + CoWork Retreat And More - REIA Radio Episode 39 with Sarah Weaver Part 2

    Discussing BPCon 2022, CoLive + CoWork Retreat And More - REIA Radio Episode 39 with Sarah Weaver Part 2

    Here's Part 2 of Sarah Weaver's Interview on the REIA Radio Show. Sarah dives deeper into how she got asked to speak at BPCon 2022, the retreats she'll be hosting throughout 2022  and other entertaining and enlightening experiences. Here's also where she talks about the secret competition Ted mentioned in the intro of Part 1! Get Ready!!

    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 

    Sarah Weaver’s Website https://www.sarahdweaver.com/ 

    Sarah Weaver on IG https://www.instagram.com/sarahdweaver/?hl=en 

    LinkedIn https://www.linkedin.com/in/sarahdweaver 

    Facebook https://www.facebook.com/sarahdweaver 

    Sarah on BP Rookie Podcast https://www.biggerpockets.com/blog/rookie-podcast-159-sarah-weaver 

    Sarah on BP OG Podcast https://www.biggerpockets.com/blog/biggerpockets-podcast-563 

    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!! 

    BuildingThe Right Team To Help Acquire A Portfolio That Affords The Luxury Of Traveling The World, Doing Long Distance Investing And More - REIA Radio Episode 39 with Sarah Weaver Part 1

    BuildingThe Right Team To Help Acquire A Portfolio That Affords The Luxury Of Traveling The World, Doing Long Distance Investing And More - REIA Radio Episode 39 with Sarah Weaver Part 1

    As a young girl, Sarah Weaver probably didn’t realize that her aspirations of living a lifestyle, unrestricted by a 9-5 would have been the first step in her achieving what she has today. Throughout her life, those same thoughts would manifest into opportunities like studying in Europe the summer of her freshman year in college which lead to her backpacking 12 countries in 8 months. Sarah overcame her love/hate relationship with college and graduated with 2 degrees in Journalism and International Studies which she thought would give her the traveling life she wanted. Reality revealed that it would not be in the manner she dreamed of. Fast forward to today, Sarah owns 19 doors and has traveled to 44 countries on 6 continents. She’s been a guest on numerous podcasts, has a personal coaching business and has taught Agents all over the country how to work with Investors and how to invest as a real estate agent. Sarah also hosts a private intimate retreat where she helps serious investors build their systems for success. And if that wasn’t enough, Sarah is presenting at BPCon 2022 in San Diego. Her Failing Forward teaches us that scaling in Real Estate requires building the right team. So many tips, so many stories about life experiences that would make you appreciate the freedom Real Restate investing affords those who are hard working and dedicated to it. Don’t forget your pen and notepad for this our 39th Episode of REIA Radio. 

    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 

    Sarah Weaver’s Website https://www.sarahdweaver.com/ 

    Sarah Weaver on IG https://www.instagram.com/sarahdweaver/?hl=en 

    LinkedIn https://www.linkedin.com/in/sarahdweaver 

    Facebook https://www.facebook.com/sarahdweaver 

    BP Rookie Podcast https://www.biggerpockets.com/blog/rookie-podcast-159-sarah-weaver 

    BP OG Podcast https://www.biggerpockets.com/blog/biggerpockets-podcast-563 

    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!! 

    Cybersecurity and the tip of the ransomware iceberg, with Sophos

    Cybersecurity and the tip of the ransomware iceberg, with Sophos

    The internet's original designers didn't consider the medium's use for crime; unfortunately, that's the reality we all face every day online. This podcast looks at some of the cybersecurity issues facing companies doing business digitally.

    Our guest is Aaron Bugal, Global Solutions Engineer at Sophos, one of the world's leading cybersecurity companies. We talk about the latest spate of ransomware attacks, and learn this is an old problem, yet one that won't go away.

    We look at how different parts of the world might be affected differently by cyber threats and learn that although some geographies are perhaps less protected than others, they might not be as highly targeted by threat actors as others. Nevertheless, with the costs of attack rising due to brinkmanship and bad actors' arrogance, organizations of any size need to make themselves safer online.

    In many cases, unprotected companies will be presented with ransomware demands after the hackers have exfiltrated priceless data. Companies struggle to protect themselves due to lack of awareness, but also, it's down to lack of qualified staff.

    The Sophos Managed Threat Response service can provide 24/7 cover for companies that are struggling to find the way through the battleground out there. It's operated by specialists like Aaron -- people whose expertise and knowledge provide a round the clock sentry and response service, that goes beyond simple notifications: it helps stop threats in their tracks.

    You can read more about Sophos' Managed Threat Response here:

    https://www.sophos.com/en-us/products/managed-threat-response.aspx

    We recommend the Sophos MTR data sheet, here in PDF format:

    https://www.sophos.com/en-us/medialibrary/pdfs/factsheets/sophos-mtr-ds.pdf

    For more about all the products and services Sophos offers:

    https://www.sophos.com

    Aaron Bugal of Sophos is here on LinkedIn:

    https://www.linkedin.com/in/aaronbugal/?originalSubdomain=au

    Joe Green's nod at the socials is here:

    https://www.linkedin.com/in/josephedwardgreen/

    Meet the Recruiter, Episode 15 - Alex Lang

    Meet the Recruiter, Episode 15 - Alex Lang

    We're back with another episode in our Meet the Recruiter series where we sit down with each and every Vangst recruiter and get to know what makes them tick, their worst interview horror stories, and of course tips for job-seekers.

    For episode 15, we talk with Senior Recruiter Alex Lang. Connect with Alex on LinkedIn!

    Seed to Sound, presented by Vangst. A podcast for cannabis professionals. Produced by Catherine DeMuro and Hannah Holmgren. Music by Tyson Weigel.

    For more information, visit the Vangst blog.

    Follow us on Twitter!

    Support the show (https://vangst.com/)

    Meet the Recruiter, Episode 14 - Eric Greene

    Meet the Recruiter, Episode 14 - Eric Greene

    We're back with another episode in our Meet the Recruiter series where we sit down with each and every Vangst recruiter and get to know what makes them tick, their worst interview horror stories, and of course tips for job-seekers.

    For episode 14, we talk with GIGS Recruiter Eric Greene. Connect with Eric on LinkedIn!

    Seed to Sound, presented by Vangst. A podcast for cannabis professionals. Produced by Catherine DeMuro and Hannah Holmgren. Music by Tyson Weigel.

    For more information, visit the Vangst blog.

    Follow us on Twitter!

    Support the show (https://vangst.com/)

    Meet the Recruiter, Episode 13 - Robyn Curtis

    Meet the Recruiter, Episode 13 - Robyn Curtis

    We're back with another episode in our Meet the Recruiter series where we sit down with each and every Vangst recruiter and get to know what makes them tick, their worst interview horror stories, and of course tips for job-seekers.

    For episode 13, we talk with Recruiter Robyn Curtis. Connect with Robyn on LinkedIn!

    Seed to Sound, presented by Vangst. A podcast for cannabis professionals. Produced by Catherine DeMuro and Hannah Holmgren. Music by Tyson Weigel.

    For more information, visit the Vangst blog.

    Follow us on Twitter!

    Support the show (https://vangst.com/)

    Meet the Recruiter, Episode 12 - Chris Morgan

    Meet the Recruiter, Episode 12 - Chris Morgan

    We're back with another episode in our Meet the Recruiter series where we sit down with each and every Vangst recruiter and get to know what makes them tick, their worst interview horror stories, and of course tips for job-seekers.

    For episode 12, we talk with Strategic Account Manager Chris Morgan. Connect with Chris on LinkedIn!

    Seed to Sound, presented by Vangst. A podcast for cannabis professionals. Produced by Catherine DeMuro and Hannah Holmgren. Music by Tyson Weigel.

    For more information, visit the Vangst blog.

    Follow us on Twitter!

    *At the time of this recording, Chris' title was GIGS Recruiter.


    Support the show (https://vangst.com/)

    Meet the Recruiter, Episode 10 - Max Martinez

    Meet the Recruiter, Episode 10 - Max Martinez

    We're back with another episode in our Meet the Recruiter series where we sit down with each and every Vangst recruiter and get to know what makes them tick, their worst interview horror stories, and of course tips for job-seekers.

    For episode 10, we talk with GIGS Recruiter, Max Martinez. Connect with Max on LinkedIn!

    Seed to Sound, presented by Vangst. A podcast for cannabis professionals. Produced by Catherine DeMuro and Hannah Holmgren. Music by Tyson Weigel.

    For more information, visit the Vangst blog.

    Follow us on Twitter!

    Support the show (https://vangst.com/)

    Meet the Recruiter, Episode 8 - Max Ireland

    Meet the Recruiter, Episode 8 - Max Ireland

    We're back with another episode in our Meet the Recruiter series where we sit down with each and every Vangst recruiter and get to know what makes them tick, their worst interview horror stories, and of course tips for job-seekers.

    For episode 8, we talk with Strategic Account Manager*, Max Ireland. Connect with Max on LinkedIn!

    Seed to Sound, presented by Vangst. A podcast for cannabis professionals. Produced by Catherine DeMuro and Hannah Holmgren. Music by Tyson Weigel.

    For more information, visit the Vangst blog.

    Follow us on Twitter!

    *At the time of this recording, Max's title was Senior Recruiter.

    Support the show (https://vangst.com/)
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