Tag Archives: real estate

Ep. 176 David Tilney: The Benefits of Master Leasing

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The Benefits of Master Leasing

Master leasing has been around for a long time and offers some good benefits for both the investor and the property owner.

As an investor, some of the key benefits of master leasing are:

  • You get to control the property
  • There is the potential for immediate cash flow
  • You can borrow against the lease
  • You can sublease to other entities who further sublease to other occupants

David Tilney started getting cash flow from day one with master leasing. It gave him the opportunity to build up rapport with the owners, gain trust, and get to test drive the property to see if he had any interest in it before buying it.

Join us for this episode as David discusses his experience and the many benefits of master leasing.

“From my perspective, I don’t think my properties are my biggest assets — I think my tenants are my biggest assets.” — David Tilney

 

KEY DISCUSSION POINTS

[07:47] How did you get into real estate and master leasing?
[12:56] How does master leasing work better for the investor?
[16:28] What benefits does a master lease offer a property owner?
[22:51] What are the overall benefits of a master lease?
[26:20] What lease terms do you look for?
[31:30] How do you find your deals?
[33:11] How are your leases generally structured?
[34:44] David’s Key Point: There is no cookie-cutter approach. You have to look at the needs of the individuals, talk to people, get to know them, listen more than you talk, find out about them and their situation/problem, and then you can offer them solutions based on their situation.
[40:11] David’s advice for those getting into master leasing

 

About Our Guest

david-tilney-photoDavid Tilney has been involved in various aspects of real estate for over 40 years. He started buying houses in 1978 and then went into property management.  David was a pioneer in buyer brokerage in the residential market. In the 1980’s he was one of the largest buyers of foreclosures in his county. He then went into doing master leases.

In 1996 he converted all of his management contracts to master leases, and at one point controlled over 100 master leases and ran a multi-million dollar note portfolio for investors in Hong Kong.

David has a passion for teaching, and shares his insight on property management and leasing with others.

Investor Resources

You can get in touch with David Tilney via his website at davidtilney.com, via phone at 719-492-7462, or via email at hfpm@davidtilney.com. This contact info is also on his website.

Ep. 175 Adrian Smude: Overcoming Limiting Beliefs to Achieve Real Estate Success

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Overcoming Shyness and Limiting Beliefs: A Personal Growth Story

From overcoming shyness to finding a successful niche in mobile homes, Adrian Smude has come a long way in the last couple of years.  Adrian recognized his own shortcomings and decided to do something about it. He joined Lifeonaire and sought the help of two Lifeonaire coaches to help build his confidence and guide him toward his real estate goals. He also pushed himself to attend networking events and joined toastmasters to help him get used to talking in front of people.

Adrian’s two Lifeonaire coaches have also helped him push forward and stay focused on his real estate vision and goals, and his real estate business is now going gangbusters. One of his personal goals is to be debt free, and he is well on his way to achieving this. His other goal was to make enough in passive real estate income so that his wife could have the option to not have to work at her other job — and that goal has now become a reality.

Join us for this podcast as we get an update on how Adrian has overcome several struggles to find a successful niche in mobile homes.

 

“I would have never thought that [kind of success] was possible for me.” — Adrian Smude

 

Podcast Outline

[05:45] Update on How and What Adrian is Doing Now in Real Estate
[06:46] How Coaching has Helped Adrian Achieve His Real Estate Goals
[12:24] Overcoming Shyness
[15:18] Where is Adrian in the Investment Cycle / How Many Homes is He Buying?
[17:53] What is Adrian’s Mobile Home ROI?
[20:11] Getting Insurance on the Mobile Homes
[21:02] Buying Mobile Homes with the Land
[22:32] Adrian’s Marketing Tactics for Finding Sellers of Mobile Homes
[24:53] Using Brokerage Networks to Find, Rent or Sell Properties
[26:30] What is Adrian’s Miracle Morning Routine?
[28:02] Adrian’s Advice to Investors Trying to Find their Path

 

About Our Guest

landlord talesAdrian has been investing in real estate for 15 years, starting out as a hobby landlord. Only knowing what the banks told him, he followed that path for 10 years.

It was then that he discovered his passion for real estate through meetings, like the Invest Florida Meetup. As the market shifted, so did Adrian’s strategies for investing, leading him to mobile homes. This has now been his investment target for the last few years.

Adiran and his wife Erin are a husband and wife team, and they founded “My Wife Buy$” to help people sell their mobile home fast and make the process as simple as possible.

Adrian was a previous guest on episode 98, about 2.5 years prior to this episode.

Investor Resources

You can get in touch with Adrian via email at adrian@mywifebuys.com or call (preferably text) 813-720-7874. You can also check out his website at  https://mywifebuys.com for more information about Adrian and his real estate business.

 

Ep. 173 Steven Rinaldi: Opportunity Zone Program and its Capital Gains Tax Incentives

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Opportunity Zone Program

The Opportunity Zone Program can provide a big financial gain for investors through generous capital gains tax incentives. Since the Opportunity Zone program is so new (late 2017), relatively few investors are familiar with it.

The tax overhaul bill that was passed in late 2017 contained the Investing in Opportunity Act, which established the Opportunity Zone program consisting of Opportunity Zones and Funds. The program was created to revitalize economically distressed communities using private investments rather than taxpayer dollars. In exchange for investing in communities within Qualified Opportunity Zones, investors can access capital gains tax incentives both immediately and over the long term.

As an example, if you sell a piece of property and use the entire proceeds to invest in an Opportunity Zone Fund or a qualified Opportunity Zone Business, and you hold that investment for 10 years, 100% of your capital gains tax liability goes away.

Of course, you do need to use due diligence. Don’t make real estate investments based primarily on tax incentives or as tax avoidance strategy. The real estate investment needs to make sense, and any tax incentives should just be the icing on the cake.

In this episode, Steven Rinaldi will answer such questions as:
  • What exactly are Opportunity Zones?
  • What are the benefits of Opportunity Zones?
  • Where do I find Opportunity Zones?
  • What do I need to do to start an Opportunity Zone Fund?
  • How do Opportunity Zones compare to 1031 exchanges?

 

About Our Guest

real estate securities

Our guest this week is Steven Rinaldi, who has his own law firm in downtown Bethesda concentrating on business law and intellectual property matters. Prior to September 2005 he was a software licensing attorney for Mercury Interactive, was the associate general counsel of the American Bankers Association, and was responsible for all business agreements for a $30 million dollar a year division of the association. He handles all kinds of real estate related activities such as private placement, angel investment, venture capital, merges & acquisitions, technology issues, crowdfunding, and more.

Steven was a previous guest in Episode 132 and spoke about What You Need to Know About Investing in Real Estate Securities.

Investor Resources

Want to find out more about the Opportunity Zone Program? You can contact Steven Rinaldi through email at stevendrinaldi@msn.com or by phone at (204) 481-2708. You can also check out his website here.

Each state’s economic authority has a list of Opportunity Zones. Click here to link to Florida’s Opportunity Zone Program as discussed in the podcast.

Ep. 172 Jason Wojo: 4 Steps to Achieving Balance on Your Real Estate Journey

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The path to real estate success may look very different for each individual investor, but though the length and direction of the journey may vary, the destination remains the same: happiness. You became involved in real estate investing in order to better pursue the dream  of a successful, happy life, however you define it.

But what happens if you lose sight of that vision?

Real estate investing can serve as an excellent vehicle for realizing your life goals. Most likely, you’ve been drawn to investing because the greater control and flexibility it offers in determining your future. Despite this, some investors get caught in a vicious cycle of deal-chasing, never realizing a true sense of success and experience burnout.

To achieve a true work/life, you need actionable steps in place to ensure that your investment journey reaches a successful destination. This episode, we take a look at understanding the steps needed to reach your goal and how to incorporate those steps into your investment journey.

About Our Guest

jason-wojoThis episode we have Lifeonaire CEO, Jason Wojo, join us to discuss these steps. We’re very excited to have Jason with us for this topic.

Jason was able to rebuild his entire life from scratch and discover the true meaning of fulfillment and success by redefining his real estate vision. His passion and zeal for the Lifeonaire message led to him becoming a coach, speaker.

 

Achieving Balance on Your Real Estate Journey

  • Define Your Vision
    • Look beyond financial success when defining your vision – what do you want most out of life? Remember: investing is a means, not a destination
  • Meet Your Financial Needs
    • As you embark on your journey, keep your financial needs simple. Prioritize your finances to keep your vision in focus.
  • Generate Excess Income
    • Building off of stage 2, strategize your streamlined financials and start leveraging an excess income.
  • Invest into Income-producing Property
    • Use the excess income you’ve earned in stage 3 and start making that income work for you. Investing in income-producing property allows you to keep working towards your vision without getting bogged down in the endless cycle of deal-chasing.

Contact Jason

jasonwojo@lifeonaire.com

Ep. 169 Rob Gidel: Lawfare – How to Address Mold in Your Commercial Lease

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Mold in Florida Real Estate

If you own property in Florida, you know that the potential for mold is a constant threat. While not all mold is deadly, removal and cleanup can be a costly process.

Many commercial leases fail to provide for specific clauses addressing mold. If you do not address mold prevention and removal with your tenants during the lease-signing, you can leave yourself wide-open to liability should mold be discovered in your property.

How to Address Mold in Your Commercial Lease

1031 exchanges net lease investments; exclusive use clauses, commercial leasingFor this edition of Lawfare, we have attorney Rob Gidel join us to talk us through the nuances of addressing mold in your commercial lease and how to navigate potential areas of liability.

You’ll remember Rob from past episodes in which we’ve discussed areas ranging from 1031 Exchanges and net lease investments, to building a successful partnership with your real estate attorney.

In this episode, Rob gives us an overview on the issue of mold in commercial leases and touches on specific points commonly contained within them such as:

  • Tenant remediation
  • Definition of hazardous materials
  • Continuous operation clauses

You don’t want to miss this special Lawfare edition in which we discuss how to address mold in your commercial lease!

Ep. 168 Jimmy Clark: Lawfare – Protecting Your Property Against Worker’s Comp Claims

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Having work property work done is a common experience for any real estate owner or manager. From cosmetic refurbishments to landscaping and maintenance, you rely on contractors and sub-contractors to help you in addressing your building’s needs.

But what happens if something goes wrong? In the world of construction and skilled trades, accidents do occur. Sometimes these accidents can cause damage to your property and sometimes they can result in injuries to your contracted laborers.

General Liability Insurance and Worker’s Comp Claims

Protecting your property against worker’s comp claims is key to ensuring proper mitigation of investment risk, should an accident resulting in injury occur on your job-site.

In this special, Lawfare edition, we discuss the ins-and-outs of general liability and worker’s comp claims. We talk insuring yourself and your property and what to do if an injury happens on the job.

ada compliance, lease insurance, worker's comp claimsJimmy Clark is the Senior Vice President and Real Estate Practice Group Leader at Harden, one of the southeast’s largest risk management and insurance firms.

This episode, Jimmy offers up essential tips all property owners and managers need to know about about worker’s comp claims. He shares the common insurance pitfalls that you need to make sure are addressed with your vendors and contractors when recruiting project labor.

If you want more information on common insurance and worker’s comp liability as it pertains to your real estate investment, you can contact Jimmy directly at:

jclark@hardeninsight.com or 813-367-5609

Don’t miss this episode on protecting your property against undue worker’s comp claims!

Ep. 166 David Childers: Why This Multifamily Investor is Bullish on Pensacola

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Multifamily markets are tightening up. Across Florida’s major markets, investors are having to adopt creative strategies to get a competitive edge on finding deals. The same is true in other multifamily markets throughout the country. Some investors are finding luck stepping outside their comfort zone. By expanding into adjacent markets and sub-markets that show potential, you may be able to tap into an overlooked investment opportunity.

That’s exactly what our guest this week decided to do.

David Childers is a multifamily investor based out of Nashville, TN. Finding a need to expand his investment reach outside of Nashville, David started looking at tertiary markets in which to venture. His search ended up bringing him to Pensacola, FL. David found the location and proximity to his home-base and promising economic strength of Pensacola an ideal climate for his next venture.

You won’t want to miss this episode on the Pensacola multifamily market!

About Our Guest

Pensacola multifamily

David has been involved in real estate investing for the past 15 years. After stumbling into the world of multifamily investing and property management with his first duplex at the age of 25, David has continued to grow his portfolio through a focused strategy to become one of the leading figures in Middle Tennessee’s multifamily market. In addition to actively expanding his portfolio, David is also a licensed real estate broker and Managing Member of Cedar Rock Capital.

Contact David

David is currently looking for accredited investors and brokers to source and partner on C + B/B- multifamily assets in Pensacola and throughout North Florida. If you are interested in working with David or have additional questions about his strategy you can reach him directly at:

dave@ria-inc.com or 615-479-8737

Ep. 164 Brian Alford: Your Multifamily Market Outlook for the I-4 Corridor

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Florida’s I-4 corridor has long been a hot-spot for investors. As a main commercial artery connecting the state’s east and west coasts, the area has served as fertile ground for investors of several asset classes. Now, thanks to explosive job and population growth in several metro areas, the I-4 corridor’s multifamily market has been booming.

I-4 Corridor Multifamily Market Outlook

  • The I-4 corridor’s major metro areas are experiencing intense growth
    • Tampa & Orlando
      • Lakeland, Lake Mary/Sanford (Sub-markets)
    • $1.24-$1.26/sf across all asset classes (30% increase in pre-recession rates)
  • Rental demand outpacing construction and inventory
    • Vacancies compressing
    • Markets primed for B + C-class rental drivers
  • Institutional investor activity increasing

5-Year Forecast

  • Expect to stop start seeing decrease in new home starts
  • Rental demand not likely to drop-off
  • Metro area growth metrics should slow, but due to sustained market demand will maintain an equilibrium state

About Our Guest

multifamily marketThis episode, we are honored to have Brian Alford join us to discuss this multifamily market outlook for the I-4 corridor. As a Market Economist for CoStar, Brian specializes in providing on-the-ground analysis for the Central Florida region, including the I-4 corridor’s major metro areas and sub-markets.

Brian brings with him nearly 15 years of experience as a financial analyst having worked with commercial real estate through a variety of asset classes.

If you are interested in getting a more detailed outlook on the I-4 corridor’s multifamily market, or you have additional questions regarding the Central Florida region, fell free to reach out to Brian directly. Additionally, you can find much of Brian’s published content online or by visiting costar.com.

 

 

Ep. 162 Jimmy Clark: Lawfare – 3 Potential Insurance Pitfalls You Need to Address in Your Lease

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As a landlord or property manager, you’ve got a lot of responsibility. From leasing to maintenance, there are a lot of potential risk factors you need to mitigate. One way that you might find yourself in hot water as a landlord is in regards to how insurance issues are addressed in your lease.

When it comes to leasing, it is typical that both you and your tenants will each be held to specific responsibilities and duties. However, there is an additional oneness on your as a landlord to make sure these responsibilities are addressed correctly in your lease. Otherwise, you may be left holding the bag should an issue arise.

This episode, we take a look at some common insurance pitfalls that often go unaddressed until they become an issue.

3 Potential Insurance Pitfalls

Renters Policy – Many multifamily + single family leases require tenants to have renter’s insurance. While this can be a good idea, it can often be poorly executed in the lease. Negligence in enforcing renters insurance often falls on the property manager and/or landlord for not ensuring the tenant does not have valid insurance.

Rent Abatement – If your tenant is granted rent abatement following a casualty at the property, when can you expect to get reimbursed for loss of revenue from this lost rent?

Tenant Improvements - If you are installing tenant improvements, insure it yourself. Leaving insurance on tenant improvements solely to the tenant can open you up to unnecessary risks: preclusive clauses, co-insurance provisions, exclusions, etc.

About Our Guest:

ada compliance, lease insuranceJimmy Clark is the Senior Vice President and Real Estate Practice Group Leader at Harden, one of the southeast’s largest risk management and insurance firms.

This episode, Jimmy offers up three essential tips all landlords need to know about leases. He shares the common insurance pitfalls that you need to make sure are addressed with your tenant(s) when drawing up your leases.

If you want more information on common insurance pitfalls when it comes to your real estate investment, you can contact Jimmy directly at jclark@hardeninsight.com or 813-367-5609

Don’t miss this episode on protecting your lease from common insurance pitfalls!

Ep. 161 Omar Khan: Understanding the Analytics of Multifamily Syndication

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For many investors, multifamily syndication is an intriguing and attractive way to scale investment goals. And with good reason. Syndicated funds can be used to leverage greater returns than you’d normally see investing on your own.

Syndication can be a great mutual benefit for both the syndicator and investor – if you understand what it takes for a good syndication deal.

Due diligence is important for any investment, but it’s especially true with syndications. In many ways the stakes are much higher. Whether your contributing capital for a syndication deal or you are the syndicator using using the capital of others, you need to understand the structure of a good deal.

That’s where analytics come in.

Understanding the Analytics of Multifamily Syndication

When you place your funds into a syndication pool, your putting a considerable amount of trust in the person actually making the investment. That’s why you should be aligning your investment goals with data-driven syndication deals.

If somebody is going to tell you your funds are in good hands, they better have the data and metrics to back that up. While no investment is zero-risk, a syndication deal backed by a comprehensive market and asset data analysis has much stronger prospects than one without.

About Our Guest

multifamily syndicationOmar Khan is a real estate investor with Boardwalk Wealth. Boardwalk Wealth is an investment firm that focuses on helping international investors find U.S. multifamily assets.

This episode, Omar discusses the importance of understanding the analytics of multifamily syndication and also shares why he is bullish on the Florida multifamily market.

For more information about Boardwalk Wealth services or to discuss Florida multifamily syndication deals, you can contact Omar directly at omar@boardwalkwealth.com.