by Shawn Boday | Feb 7, 2023 | Real Estate, Shawn Boday
Are you looking to expand your real estate knowledge? Podcasts are an excellent source of information on investing, home improvement, and the latest housing news. With so many real estate podcasts available, it can be a challenge finding ones that are worth your time. To make it easier, here are 10 of the top real estate podcasts that span a range of topics related to property and housing.
The Indicator from Planet Money
For those looking to gain a better grasp on business and economics and work in quickly and easily understandable terms, check out The Indicator from Planet Money, a 10-minute podcast that explores “big ideas” related to the economy. Topics include home sales, moving trends, the commercial market, and renting, with each episode featuring data releases or findings and how they affect consumers and the economy. Perfect for buyers, sellers, homeowners, and investors.
BiggerPockets: The Real Estate Investing Podcast
The BiggerPockets Real Estate Podcast is a popular weekly podcast that features informal and fun interviews with a variety of investors and entrepreneurs. Guests range from well-known names like Matthew McConaughey and Ken Corsini from HGTV’s “Flip or Flop Atlanta” to industry players who share their experiences and advice. Hosted by Rob Abasolo and David Greene, this podcast is perfect for beginner and intermediate investors.
Real Estate Today
Real Estate Today is a radio program and podcast hosted by Stephen Gasque, the broadcasting and multimedia communications director for the National Association of Realtors. With hundreds of episodes, the program covers topics such as purchasing a second home, home buying for millennials, maximum selling secrets, creating a smart home, and first-time buying. This is a great resource for buyers, sellers, homeowners, and investors.
This podcast is the perfect resource for homebuyers, both first-timers and repeat buyers. Hosted by Dan Moralez, a mortgage expert and loan officer in Michigan, it covers topics such as credit repair, getting preapproved for a loan, mortgage comparison shopping, and tips for self-employed homebuyers. With over 150 episodes, it offers a wealth of insider secrets and helpful advice to make the home buying process easier.
Martini Mortgage Podcast
The Martini Mortgage Podcast, hosted by lending expert Kevin Martini from Raleigh, North Carolina, offers listeners a wealth of knowledge and advice on the ins and outs of getting a mortgage loan and purchasing a home. Over 150 episodes, listeners can learn about topics like winning bidding wars, improving credit, tax credits for first-time buyers, avoiding forbearance, and home affordability. Ideal for sellers and buyers, this podcast is a great resource to help navigate the homebuying process.
The Money Pit Home Improvement Podcast
This podcast, which is also a nationally syndicated radio program, focuses on home improvement and repair. Hosted by experts Leslie Segrete and Tom Kraeutler, the podcast covers a wide range of topics related to homeowners and DIYers. Popular episodes from the over 1,500 available include four popular home improvement hacks, stress-free closet organization, germ-free faucets, high-return home improvements, and the best kitchen lighting. It is perfect for homeowners planning to remodel.
The Remote Real Estate Investor
The Remote Real Estate Investor podcast is the perfect resource for remote and out-of-state investors interested in real estate. Hosts Emil Shour, Tom Schneider, and Michael Albaum explore a range of topics, from finding the hottest markets to analyzing properties from afar and avoiding common pitfalls. Perfect for those looking to invest in real estate without actually living near the property.
Making Money in Multifamily
If you are interested in investing in multifamily properties, you should check out the Making Money in Multifamily podcast. Host Dave Morgia is a real estate investor and interviews industry experts to discuss the practices and principles for successful investing in this field. He also dives into deals that didn’t meet expectations and why they failed. It’s perfect for those who are just starting out or experienced in multifamily investing.
Best Real Estate Investing Advice Ever
Joe Fairless hosts this popular podcast that has had over 3,000 episodes, offering daily real estate investing advice. His journey began with low-cost single-family homes, and now his portfolio is worth billions. This podcast provides insight into commercial real estate investing and helps listeners navigate through uncertain markets. It’s a great resource for both novice and experienced investors.
Real Estate News for Investors
This podcast is ideal for beginner and experienced real estate investors, as well as news buffs. Host Kathy Fettke, co-CEO of the Real Wealth Network and author of “Retire Rich With Rentals,” reviews the latest reports from national organizations and market data analysis to inform listeners about building and holding a real estate investment portfolio. Topics range from the best real estate markets to investing in property values and tax law, as well as news and information for real estate flippers.
by Shawn Boday | Jan 4, 2023 | Real Estate, Shawn Boday
Investing in real estate is a great way to achieve your financial goals. It can provide multiple strategies to make money and even become your primary source of income. For those with limited experience in real estate investing, getting started can be daunting. Fortunately, there are strategies available that are tailored toward beginners. Taking the time to learn the basics while investing in a beginner-friendly niche is a great way to slowly build knowledge and confidence. As investors gain experience and profits, they can then transition into more advanced strategies. For those just getting started in real estate investing, these strategies provide a great starting point.
Real Estate Wholesaling
Wholesaling is a quick and lucrative way to start in real estate, where a property is secured under market value and assigned to an end buyer for a fee. The wholesaler does not own the property and makes money through the fee added to the contract. Wholesaling involves building a list of potential buyers by using lead generation tactics like emailing, social media, and sending out direct mailers. This list is then used to get information, such as contact details, funding type, and buying criteria, about the investors. This information helps the business determine what deals the investors are interested in and how to get in contact with them. Wholesaling is a great option for beginners in real estate investing because it requires low capital to start and does not involve actually buying properties. It also provides an opportunity to form a reliable network and gain an understanding of the local market.
Real Estate Prehabbing
Prehabbing is a form of real estate investing that involves minimal upgrades to a property, such as cleaning, painting, and landscaping, in order to make it more attractive to other investors. It is a low-cost way of improving property through sweat equity. Investors should look for properties with structural integrity that require minimal repairs while also keeping location in mind. Research the market and identify popular or up-and-coming neighborhoods to ensure the best return on investment. Prehabbing is a low-risk, low-effort investment option that can yield a quick return on investment. The goal of prehabbing is to sell the potential of a property, not the property itself.
REITs are a great way for new investors to get into real estate investing without having to commit full-time to the sector. They allow for the purchase of shares in companies that own income-producing property, providing regular dividends and the potential for above-average returns. To get started, research publicly traded REITs and evaluate their records yourself, including the company’s anticipated growth, current dividends, and funds from operations (FFO). It is recommended to consult with a financial advisor before investing. REITs are an excellent investment option for beginners as they provide an opportunity to benefit from real estate without having to purchase properties. They are also known for providing solid returns with low risk, making them a good way to diversify existing portfolios.
Online Real Estate Platforms
Online real estate platforms allow borrowers and investors to connect, allowing developers to post deals and projects that need financing via debt or equity, while investors can benefit from real estate investing without having to manage ownership or labor. This creates a win-win arrangement for all involved. Financing real estate deals can be a great way to diversify and potentially profit from real estate investments, but it is important to always do your research and be aware of the risks. Investors can choose to invest in single projects or portfolios and receive monthly or quarterly distributions; however, platform membership fees may be required, and the funds may be illiquid with lockup periods.
Purchasing Rental Properties
Investing in rental properties is a great way to earn a fixed monthly income by becoming a landlord. With the right purchase and market, you can cover all expenses and potentially have some profit left over. Rental property owners can have an active or passive income stream depending on their preference; they can outsource tasks such as maintenance and repairs to a property manager or do everything themselves to maximize income. House hacking is a form of investing in rental properties where the owner occupies one of the units and rents out the others, allowing them to qualify for a residential loan while earning rental income.
Real Estate Syndication
Real estate syndication is a partnership between investors to identify and purchase properties, usually with the sponsor managing the search, contract, and property, while other investors contribute capital. The sponsor provides skills and time instead of money. Investors in a syndication deal provide the funds to purchase a property and cover any required repairs or renovations. They take on a passive role and receive a return on their investment through periodic payments. Once the property is renovated and sold, the syndication aspect of the deal is completed, and the sponsors are paid an agreed-upon amount for their involvement.
House flipping involves buying a home below market value, renovating it, and then reselling it for a profit. HGTV often provides an introduction to the concept for those interested in real estate investing. Investors who want to flip houses should be aware of the risks involved, such as spending too much on renovation costs or not being able to sell the house due to price or market conditions. New investors should consider finding an experienced partner to help guide them.
Real Estate Investment Groups (REIG)
REIGs are businesses that specialize in investing in real estate by pooling together investor money to purchase multi-unit housing and commercial properties, as well as buying, renovating, and reselling properties for profit. REIGs are an alternative to REITs, offering investors more flexibility and the ability to diversify their capital sources through different investment strategies. They are attractive to investors who seek the returns of real estate without the burden of property management.
by Shawn Boday | Jan 4, 2023 | Real Estate, Shawn Boday
Economic predictions for 2023 are uncertain due to the many unknowns influencing the housing market. The Federal Reserve’s ability to bring down inflation and borrowing costs without affecting buyer demand is a factor yet to be seen. While there is some worry, economists and analysts do not expect a recession. Despite this, there is still a concern about high housing prices and rents that may be unaffordable to many.
With the 2023 housing market still up in the air, the issue of affordability continues to be a barrier for many younger buyers, particularly in more expensive markets. This could mean many of them will be stuck renting for the foreseeable future. However, if remote working continues to increase, they may choose to relocate to more cost-effective areas.
In 2023, the housing market will be affected by typical supply, demand, and affordability factors. Provided the nation is able to dodge a recession or experience only a short and shallow one, these are the predictions for the housing market in 2023.
Home prices are projected to decrease.
It is predicted that existing home prices will decrease by 5% nationally in 2023, with potential drops of up to 10% or more in high-priced areas and regions with high home values. In the event of a deeper recession, prices could decrease by 10% or more in areas with a large discrepancy between home prices and local incomes.
Existing Home Sales Will Slow
The low affordability of homes and low mortgage rates will limit the number of transactions; however, those without mortgages may be more likely to sell. Additionally, more homeowners may choose to keep their homes as investments and rent them out rather than accept a lower sale price.
Construction of new single-family homes will decrease.
Homebuilders increased production during the pandemic to meet demand but are now reducing the number of new homes for sale. In 2023, these homes will either be sold to buyers who signed contracts in 2022, converted into rentals, or sold to investors to rent out. Some builders are downsizing and reducing input costs to offer more new homes to first-time buyers. In 2023, the production of new homes to sell and rent will decrease, particularly for single-family homes. However, in areas with unmet demand for affordable homes, construction may still be higher.
Rents will level out, the rise.
Rent increases have been mostly flat in the past few months and are expected to rise slightly in 2023. However, there could be a decrease in rents due to the highest number of multifamily units under construction since the early 1970s likely to hit the market in 2023, as well as new supply from frustrated short-term rental landlords and homeowners entering the rental business.
Building Permits Will Decline
In 2023, residential building permits are expected to drop more than housing starts as developers and builders take a step back to reevaluate risk in the face of uncertainty. Homebuilders will likely use this time to discount unsold homes, divest from unwanted land, and merge with or acquire smaller competitors in preparation for a rebound.
30-year Fixed Mortgage Rates Won’t Fall Substantially
Mortgage rates are expected to stay high in 2023 due to economic uncertainty and inflation, investors demanding higher rates due to the possibility of refinancing when rates drop, and the Federal Reserve’s insistence on forcing inflation down to 2.0%. It is uncertain if this goal will be achievable in 2023.
by Shawn Boday | Dec 1, 2022 | Real Estate, Shawn Boday
When it comes to business, sometimes it’s best to leave it to the professionals. For investors, hiring a property management company can be incredibly beneficial, especially if they own multiple properties or do not have much time to dedicate to the properties. They take care of all aspects of managing the property; this saves investors time and stress while also assuring them that their investments are in the hands of capable and knowledgeable professionals. To ensure you select the ideal property manager, take the time to research your options. Here are some suggestions to help you find a reliable property management company:
Network and ask for referrals
If you’re looking for a property manager, it’s best to start with your local network. Ask for referrals from people you trust, such as those you know from networking meetings and investment clubs. You might also want to contact contractors and handypersons you’ve previously hired. Ultimately, it’s often better to work with someone you know or who comes recommended. You should also reach out to other investors and your local realtor to see if they have a property management company they are comfortable with. A wide selection of options will give you a better chance of finding someone who meets your needs.
Research Property Managers Online
To continue your search for a property management firm, you should conduct some research online. Utilize sites such as $implifyEm and AllPropertyManagement to find management companies that are active in your area. Simply input the size of your property and location to get a list of names. After compiling a list of potential candidates, look at each company’s website to read their mission statements and look online for customer reviews.
Visit Their Properties
On-site visits can be a great way to evaluate the abilities of a property management firm. Pay attention to the condition of the property and if there is any trash or debris. Make sure to observe any necessary repairs. It is also important to talk to tenants and ask questions about how their complaints are responded to and how quickly repairs or maintenance issues are resolved. Inquire about the noise level, any issues with other tenants, and if tenants plan to renew their leases and why.
Interview Several People
When searching for a property management firm, make sure that you interview multiple people in person to find the ideal fit for your property. Some of these include their education, experience in landlord/tenant law, and how they maintain properties. To find the best fit for your property, it is recommended that you interview multiple managers in person. This will allow you to gather various details about the company and its services. Having a large client base can also be a good indication that the firm has the capabilities to do a good job. Prior to the interviews, organize your questions into three main categories:
- Experience and Education: What is their knowledge of local and federal laws?
- Fee Structure: What fees are associated with their services?
- Services: How are properties maintained, and how is rent collected and managed?
Check Licenses and Certifications
In order to show vacant properties, most states require that property managers/management companies possess a valid real estate broker’s license or property management license. It is important to check with the state’s Real Estate Commission to ensure that the candidate’s brokerage license is active. Additionally, it is beneficial to find out if the manager has received certification from a trade organization. If a manager is willing to invest time and money into attending continuing education courses, it speaks volumes about their dedication to the organization. These certifications are only available after the successful completion of rigorous training programs. Above all, you should trust your instincts when hiring a property management firm. Even if a property manager has taken a course on the subject, there is no guarantee that they are applying what they have learned.
Understand Management Agreement Terms
Before signing a contract with a property management firm, ensure you thoroughly understand its terms. It may be wise to have a lawyer review the contract to ensure your rights are protected. Be sure to confirm that the specifics of the agreement you sign reflect what was discussed during your interview with the property manager and that you are aware of all your responsibilities as the property owner. The role of the property manager can range from broad to more specific, so make sure you are aware of the exact terms. When entering into a property management agreement, it is wise to ensure compliance with fair housing laws, understand the terms of any hold harmless and cancellation clauses, and request an example of the monthly report you would receive. It is also important to ensure that both parties carry adequate insurance, including errors and omissions coverage, general liability, and property-casualty coverage, at a minimum.
by Shawn Boday | Dec 1, 2022 | Real Estate, Shawn Boday
A good property manager can help you manage your investment property. Like all types of investments, putting your money into real estate can come with some risks. Whether it’s a slump in the market or a rising shortage of rental properties, there’s always a chance that you might lose. Being able to manage your property effectively can help you lower the risk and get ahead. This article discusses the various aspects of property management and it helps you succeed.
Return On Investment (ROI)
Having the right property manager can help you maximize your investment property’s returns. Efficient property management can also help your portfolio perform well. The goals of an investor should be taken into account when it comes to investing. Having the right property manager can help you achieve a better ROI. They can help you minimize the expenses associated with the purchase and the tax benefits of owning a property.
Improving The Quality of Life of Others
Getting the right property management can help you avoid the problems that come with buying, renting, and moving. Having the right property manager can help you meet the needs of your potential tenants. They can help you find a tenant focused on certain areas of their life and willing to pay a good price.
Safety For All
Proper property management can also help ensure the safety of your tenants. You are responsible for conducting background checks and preventing tenants from getting a lease without a proper background.
Not only does good property management look great in the present, but it can also improve the long-term performance of your investment. The proper approach when it comes to managing a client’s portfolio can help keep the financial performance of the property up. Having the right property manager can also help you reduce the costs of maintaining your property. They can be familiar with the local suppliers that can provide you with the best possible service.
Maintaining Healthy Relationships
The ability to maintain and develop good relationships is a vital aspect of effective property management. This is because it affects the relationship between the property investor and the tenant. Having the right communication skills is also important to ensure that the relationship between the two parties is maintained. Having the right property manager can help an investor form a better level of trust and stay informed about the progress of the property.
One of the most important factors that investors consider when it comes to choosing a property as their investment is its non-volatile nature. This is because it can provide them with a level of protection against the various problems that can come with investing in real estate. The right property managers will work hard to ensure that you get the best possible return on your investment. They will take pride in their work and will always put the needs of their clients first.