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The Property Management Mastermind Show

The Property Management Mastermind Show and Property Management Productions was formed to provide information and products BY Property Managers FOR Property Managers looking to grow and run their business. The podcast show is an interview discussion conducted by Brad Larsen – a Property Manager in San Antonio, TX. In this Podcast show, Brad will interview some of the biggest and brightest stars in the Property Management industry to include National Association of Residential Property Management (NARPM) members, Leading Property Managers of Australia (LPMA) members, and key vendors in the property management industry with the goal of being able to gain insight for best practices, new trends, and exciting information to help you grow and run your business more successfully.
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Now displaying: July, 2020
Jul 31, 2020

Brad's guest today is Rod Khleif. Rod is a multi-family real estate investor, business consultant, and high-performance coach. Listen as they discuss the multi-family success mindset and some outstanding stuff on this episode of The Property Management Mastermind Show.

Listen, as Rod shares how he lost 50 million dollars and recouped it. Rod explains that he had single-family homes and multi-family homes in 2008 when the stock market crashed. His multi-family properties flourished while his single-family homes took him to the cleaners. Rod shares the goal-setting process that brought him back financially.

Rod discusses what he focuses on when he starts a business, the difference between purchasing single-family homes versus multi-family homes, and how the value of a multi-family property is determined. Rod also talks about the management and tenant side of the business and what he believes will happen to property owners next year.

Rod speaks about his podcast called Lifetime Cash Flow and what is happening in the commercial, private, and retail sectors during this COVID-19 crisis. Next year Rod believes the market will open up, so have your money ready if you want to invest in multi-family properties. 

Rod has been in the business for many years and lost more money than most of us will ever see. His insights into multi-family properties are unique and something you don't want to miss, so sit back, relax, and get ready to be motivated.

 

In this episode:

[02:09] Welcome to the show, Rod!

[02:12] Listen as Rod shares his background, and how his business is doing today.

[04:47] Rod speaks about losing 50 million dollars in 2008.

[07:27] Why should you buy multi-family properties?

[09:51] In 2008, Rod's houses brought him down, but his multi-family properties flourished.

[11:38] Rod shares the steps to his goal-setting process.

[13:46] Rod speaks about the books he has written.

[16:35] Listen as Rod shares the last two steps to his goal-setting process.

[19:18] Rod shares some examples of how he pictured his goals and made them come true.

[23:01] When starting a business, what do you focus on?

[25:39] Rod shares the things he looks for when he starts businesses.

[27:31] Rod discusses the differences between purchasing single-family homes and multi-family.

[29:25] The value in a multi-family property is based on a multiple of the net income.

[33:48] Rod speaks about the management and tenant's side of the business.

[36:36] Rod shares what he thinks will happen with property owners during this crisis.

[39:36] Rod discusses the commercial, private and retail sectors and how they are doing right now.

[42:04] Rod talks about his podcast called Lifetime Cash Flow.

[43:42] Thank you so much for being on the show!



Links and Resources:

Property Management Mastermind

Property Management Mastermind Group on Facebook

adisarro@sccombank.com

(619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank)

Seacoast Commerce Bank

Second Nature

NARPM Southern States Conference

National Apartment Association

NARPM Accounting Standards

EZ Repair Hotline

SureVestor

Tenant Turner

Citizen Home Solutions

Rent Bridge 

 

Find Rod

Rod Khleif

Bootcamp use code ‘friend of Rod’ to get in for $97

Lifetime Cash Flow podcast

@rodkhleif

Instagram | Twitter | Facebook | YouTube

Jul 8, 2020

Would having a company do your tenant screening for you free up some time? Brad’s guest today is Andrew Schultz, the broker/owner of Own Buffalo Inc., a real estate and property management company in New York. Andrew is also the host of the RentPrep for Landlords Podcast in addition to having his own show. Listen as they discuss property management and RentPrep for the landlords plus much more on this episode of The Property Management Mastermind Show.

 

Andrew shares about his business and how it is doing during this pandemic. He speaks about the classes his properties fall under, and the time it takes to get a property approved for section 8 housing benefits, which is why he charges a fee to the owners. Andrew also talks about a program his company has that has been working really well so far.

 

Do you have in-depth screening criteria? Brad and Andrew discuss how important it is to screen well if you want to have a low percentage of late payments and foreclosures. Andrew shares how he got involved with RentPrep and the screening process they use that works well for Own Buffalo, Inc.

 

If you haven’t listened to the RentPrep for Landlords Podcast, you should, and if you are a property manager, landlord, or investor, want to connect, share, learn, collaborate, and sign up for the RentPrep for Landlords Facebook group. You will be glad you did.

 

In this episode:

[02:30] Welcome back to the show, Andrew!

[02:34] Andrew shares a little about himself.

[03:32] What is going on in your company during this pandemic?

[05:22] Andrew describes what he means by A, B, and C class properties.

[07:15] Andrew speaks about his section 8 housing and the time it takes to get through the section 8 paperwork process.

[09:25] Do you see section 8 housing authority expanding into your B class properties?

[11:29] Brad speaks about charging owners of the Class B properties to start the approval process for housing authority funds for people who can’t pay their rent.

[15:18] Andrew shares a program his company does that works well.

[17:38] Andrew discusses how they handle their accounts, getting all the funds upfront, and providing a packet that explains everything.

[20:08] Brad and Andrew talk about screening criteria they use for single-family and multi-family.

[23:28] Brad discusses enormous companies coming in and buying up management companies and not managing them.

[26:55] Can you tell us more about how you got involved with Rentprep?

[30:11] Andrew speaks about using Rentprep for their tenant screening services.

[33:48] Where are you going to take the podcast now that you are the host?

[36:21] Andrew shares where you can find him if you want to talk.

[38:04] Andrew speaks about some issues he has seen on the Facebook group.

[39:45] Thank you for being on the show!



Links and Resources:

Property Management Mastermind

Property Management Mastermind Group on Facebook

adisarro@sccombank.com

(619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank)

Seacoast Commerce Bank

Second Nature

NARPM Southern States Conference

National Apartment Association

NARPM Accounting Standards

EZ Repair Hotline

SureVestor

Tenant Turner

Citizen Home Solutions

Rent Bridge 

 

Find Andrew:

Andrew Schultz

Rentprep Podcast

LinkedIn | Facebook

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