The Landlord Profitability Playbook podcast

50:52

This is the ninth episode of our 12-part series called "What To Expect From Your Property Manager." Click here to view all the episodes in this series. One of the best parts of working with a good property management company who is committed to your joint success is their ability to help you expand your portfolio in a strategic way. After all, arguably the biggest challenge for real estate investors is identifying profitable properties. In this insightful episode of the Landlord Profitability Playbook Podcast , Chris McAllister and Morgan Cole, founder of Rescover. Rescover is a cutting-edge investment property search and analysis tool that's helping investors across the country maximize their returns and grow their portfolios. Join us as we dive into Morgan's journey, the story behind Rescover, and how it's empowering landlords, investors, and real estate professionals to succeed in today's market. Click here for a video walkthrough of the search platform! Whether you’re a seasoned investor or new to property management, this episode provides practical advice for finding the right deals, improving your portfolio, and making smart real estate decisions. KEY TAKEAWAYS The #1 Challenge for Real Estate Investors – Identifying profitable properties is the biggest hurdle investors face today. The Story Behind Rescover – The Rescover platform helps investors search smarter, analyze financials, and compare properties more efficiently than ever before. How Rescover Works – Real-Time Data & Automated Analysis, Sort by Key Metrics, Save & Automate Searches, Detailed Financial Reports How ROOST Investment Gateway Helps Investors – Curated "Best Bet" Listings, Multi-Market Search, Custom Client Access Why Real Estate is a Long-Term Game – Real wealth is built over decades, not months, and the key to long-term success is making data-driven decisions from the start. ACTIONABLE STEPS 📌 1. Explore the Roost Investment Gateway Check out featured listings and start analyzing properties today. Visit: www.ROOSTInvestmentGateway.com 📌 2. Get a Personalized Rescover Login ROOST Property Management clients can request special access to save searches, automate alerts, and analyze deals in-depth. Interested? Email Chris McAllister at info@roostrealestateco.com 📌 3. Visit Rescover for More Advanced Tools Learn how the full Rescover platform can help you scale your investments. Visit: www.rescover.com P.S. Searching for your next investment property? Every week, we comb through the latest MLS listings, hunting for investment opportunities that meet our rigorous criteria and present you with ROOST "Best Bets" for Real Estate Investors. See This Week's Featured Properties >>> ROOST™ “Best Bets” for Investors…

The Landlord Profitability Playbook Podcast

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Ep016: The State of the ROOST Union 2025 57:12

πριν 6 weeks57:12

57:12

In this episode of The Landlord Profitability Playbook Podcast we are sharing an episode Chris and Laci just recorded for The All Things Real Estate Podcast , where they reflect on the wins of 2024 and share their vision for 2025. In this “State of the Union” update, Chris discusses key initiatives that shaped the past year, including the launch of the ROOST Investment Gateway, advancements in property management, and the ongoing evolution of the real estate industry post-Sitzer Burnett v. NAR. Discover how ROOST Real Estate Co. is helping buyers, sellers, landlords, and agents navigate today’s challenges, from leveraging cutting-edge tools to focusing on 5-star service. Chris also shares his personal commitment to building stronger partnerships and maximizing opportunities for clients and team members alike. Whether you're a homeowner, investor, or real estate professional, this episode will inspire you to make 2025 a year of growth, innovation, and success. Key Highlights: 2024 milestones and what’s next for ROOST. Insights into the changing real estate landscape. How ROOST is creating value for clients and the community. Listen now and get ready to embrace the opportunities ahead! Show Notes www.AllAboutROOST.com www.ROOSTInvestmentGateway.com Why ROOST’s Mission Matters P.S. Searching for your next investment property? Every week, we comb through the latest MLS listings, hunting for investment opportunities that meet our rigorous criteria and present you with ROOST "Best Bets" for Real Estate Investors. See This Week's Featured Properties >>> ROOST™ “Best Bets” for Investors…

The Landlord Profitability Playbook Podcast

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Ep015: What Your Accountant Wishes Your Property Manager Knew – What to Expect from Your Property Manager (Part 8) 54:16

πριν 9 weeks54:16

54:16

In part eight of the What to Expect from Your Property Manager series, Chris McAllister, Laci LeBlanc, and Gretchen Mitchell sit down with accounting expert Jill McGregor to demystify the financial side of property management. This episode is packed with actionable insights for both property owners and property managers, focusing on the critical role of accurate accounting, trust account management, and financial reporting. Whether you’re a seasoned investor or new to property management, this episode provides practical advice on ensuring your property manager supports your financial goals while maintaining compliance and transparency. Key Takeaways: The Role of Monthly Financial Statements: Property owners should expect clear, consistent, and detailed monthly financial statements from their property managers. The Importance of Trust Account Management: Trust accounts ensure owner funds are separate from property management operational funds. Key Questions to Ask Your Property Manager: How often are financial reports provided? Can you show me examples of the reports I will receive? How do you handle capital expenditures vs. monthly expenses? What measures are in place to ensure compliance with state trust account regulations? How is prepaid rent handled in end-of-year reporting? Tax Compliance for Owners and Contractors: Property managers should issue 1099 forms to contractors and property owners as required by law. Owner Portals and Transparency: A secure owner portal with access to historical data, tenant ledgers, and financial reports is critical. The Cadence of Accounting: A consistent accounting process prevents errors, facilitates accurate reporting, and fosters trust between owners and managers. Actionable Steps: Ask the Right Questions: Use the provided list of questions to evaluate your current or prospective property manager. Understand Trust Accounts: Learn how your property manager handles trust accounts and ensures compliance with regulations. Stay Educated: Familiarize yourself with basic accounting principles, including the differences between capital expenditures and monthly expenses. Monitor Prepaid Rent: Ensure your property manager educates you on the tax implications of prepaid rent. Review Reports: Regularly review your owner statements and ensure they align with your investment goals. Resources Mentioned: AppFolio – Property management software offering owner portals and comprehensive financial reporting. Loom Video Walkthrough of the Owner Portal – A step-by-step guide to understanding the features of ROOST’s owner portal. Sample Owner Statement P.S. Searching for your next investment property? Every week, we comb through the latest MLS listings, hunting for investment opportunities that meet our rigorous criteria and present you with ROOST "Best Bets" for Real Estate Investors. See This Week's Featured Properties >>> ROOST™ “Best Bets” for Investors…

The Landlord Profitability Playbook Podcast

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Ep014: What Does Your Property Manager Expect from Your Tenants? – What to Expect from Your Property Manager (Part 7) 40:18

πριν 13 weeks40:18

40:18

In this insightful episode of the Landlord Profitability Playbook Podcast , Chris McAllister, alongside co-hosts Laci LeBlanc and Gretchen Mitchell, delves into the critical role of tenant relations in property management. They discuss how strong tenant relationships impact profitability, reduce turnover, and ensure consistent rental income. Drawing on their experience at Roost Real Estate Company, the team shares practical strategies for fostering clear communication, setting expectations, and resolving issues proactively. They also provide a framework for property owners to evaluate the effectiveness of their current or prospective property management companies. Key Topics Covered: Understanding Tenant Relations: The importance of treating tenants as partners, not just occupants. How tenant satisfaction directly impacts turnover, property condition, and profitability. Two Approaches to Tenant Relations: Automated systems with minimal tenant interaction vs. a personal, hands-on approach. Why efficiency should not come at the expense of tenant satisfaction. Proactive Tenant Management: Setting expectations upfront with tenants using clear documentation. Conducting regular walkthroughs to identify potential issues before lease renewals. Balancing Responsibilities: Legal duties to tenants vs. fiduciary responsibilities to owners. Why these responsibilities complement each other for long-term success. How Roost Real Estate Company Does It: Detailed processes outlined in their Rent with Roost and How to Get Your Security Deposit Back guides. Strategies for tenant education and setting expectations. Evaluating Property Management Companies: Key interview questions to ask prospective property managers. The importance of reviewing Google reviews and company responses to feedback. Key Takeaways: Tenant Satisfaction = Owner Success: Happy tenants lead to fewer turnovers, lower costs, and better-maintained properties. Clarity is Key: Setting clear expectations at the beginning of a tenancy prevents misunderstandings and fosters trust. Evaluate Your Property Manager: Use key questions to assess if your property management company aligns with your goals and values. Resources Mentioned: Rent with ROOST Brochure (PDF) P.S. Searching for your next investment property? Every week, we comb through the latest MLS listings, hunting for investment opportunities that meet our rigorous criteria and present you with ROOST "Best Bets" for Real Estate Investors. See This Week's Featured Properties >>> ROOST™ “Best Bets” for Investors…

The Landlord Profitability Playbook Podcast

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Ep013: The "Right" Approach to Tenant Screening – What to Expect from Your Property Manager (Part 6) 33:41

πριν 19 weeks33:41

33:41

In this episode of the Landlord Profitability Playbook Podcast , Chris McAllister, along with co-hosts Laci LeBlanc and Gretchen Mitchell, dives deep into the importance of a clear and non-discriminatory tenant screening process and break down how to ensure your property manager is following HUD's updated tenant screening guidelines, issued in April 2024. While the topic may seem dry, it's critical for any landlord or property manager to understand how a fair, consistent, and transparent applicant selection process can impact their investments. Whether you're managing properties yourself or working with a management company, this episode will help you evaluate your current practices to stay compliant and profitable. Key Takeaways: HUD’s 2024 Guidelines: Learn how these updated guidelines aim to protect tenants from discriminatory practices, and what this means for landlords and property managers. Fair Housing Laws: A review of fundamental fair housing principles using Ohio’s laws as an example, covering federal and state compliance for tenant screening. Using Technology Responsibly: Explore the role of advanced technologies like AI in tenant screening and how they can inadvertently lead to discriminatory practices if not handled correctly. Best Practices for Tenant Screening: Tips on how to use relevant, accurate data while maintaining transparency and consistency in screening applicants. Publicly Available Screening Policies: Why your property manager should have clear, written screening policies accessible to the public and how this protects your investments. Practical Tips for Owners: How to evaluate your property manager’s screening process and ensure compliance with fair housing laws. Importance for DIY Landlords: Even if you're managing your own properties, implementing these processes can protect you from liability and improve tenant quality. Quotable Moments: "Screen in, not out." - Chris McAllister on how property managers should focus on finding qualified applicants rather than excluding them. "Your property manager’s mistakes become your mistakes." - A reminder from Gretchen Mitchell that landlords bear responsibility for any discriminatory practices carried out by their property manager. "Fair housing isn’t just about compliance, it’s about profitability." - Laci LeBlanc on how implementing a fair tenant screening process leads to better tenant outcomes and stronger investments. Resources Mentioned: HUD’s Updated Tenant Screening Guidelines (April 2024) Learn With ROOST – All Things Real Estate Hub Don't forget to subscribe to the podcast and leave a review. Your feedback helps us provide more valuable insights and tips to support your success as a residential real estate investor. P.S. Searching for your next investment property? Every week, we comb through the latest MLS listings, hunting for investment opportunities that meet our rigorous criteria and present you with ROOST "Best Bets" for Real Estate Investors. See This Week's Featured Properties >>> ROOST™ “Best Bets” for Investors…

The Landlord Profitability Playbook Podcast

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Ep012: Will They Rent Your Property For Top $$$ FAST? – What To Expect From Your Property Manager (Part 5) 54:16

πριν 27 weeks54:16

54:16

Welcome back to The Landlord Profitability Playbook Podcast! I'm Chris McAllister, here to help you create and coach business opportunities and strategies that support and add value to the lives of residential real estate investors. Today, I'm joined by my trusted co-hosts, Laci Leblanc and Gretchen Mitchell, our Director of Property Management at ROOST Real Estate Co.In this fifth installment of our series 'What To Expect From Your Property Manager,' we're tackling a question every landlord wants answered: "Will They Rent Your Property For Top $$$ FAST?"Minimizing vacancies is crucial to maximizing your profitability as a landlord. But how can you ensure your property manager is up to the task? This episode breaks down the essential steps that can help your property rent quickly and at the highest possible rate. Here’s a glimpse of what we cover:• Setting Market Rate Rent: Discover how to set the right rent rate for your property to attract qualified tenants who can comfortably afford the rent and maintain your property in good condition.• Casting A Wide Marketing & Advertising Net: Learn the importance of extensive marketing strategies, including leveraging robust management platforms like Appfolio and Buildium, to reach a broad audience and reduce vacancy periods.• Showing Your Property In The Best Possible Light: We discuss the impact of high-quality photos and self-showing systems, such as Tenant Turner, on enhancing your property's appeal and convenience for prospective tenants.• Screening IN Qualified Applicants: We emphasize the importance of fair and unbiased tenant selection criteria that not only comply with legal standards but also ensure a pool of well-qualified applicants.• Assessing the Application Process: Understand how a streamlined and accessible application process using tools like Tenant Turner can improve operational efficiency and tenant satisfaction.• Auditing the Onboarding Process: Learn the critical elements of a thorough onboarding process, including lease signing, setting expectations, and utility setup, to ensure a smooth start to the landlord-tenant relationship.Whether you're a seasoned landlord or new to property management, this episode offers valuable insights and practical tips to help you minimize vacancies, maximize your rental income, and create a positive experience for both you and your tenants. SHOW HIGHLIGHTS In this episode, I discuss the importance of setting the market rate rent to attract tenants quickly and avoid prolonged vacancies. I explain how over-improving a property beyond the neighborhood standard can lead to unrealistic rent expectations and increased vacancy periods. We explore the benefits of signing new leases over month-to-month arrangements to ensure tenant commitment and reduce vacancy risks. We highlight the use of tools like RentRange to perform accurate market rate analyses and the importance of combining technological insights with real-world data. The episode covers effective marketing strategies, including using platforms like Zillow and Apartments.com, high-quality photos, and 3D videos to present properties attractively. We discuss the significance of screening in qualified applicants with a person P.S. Searching for your next investment property? Every week, we comb through the latest MLS listings, hunting for investment opportunities that meet our rigorous criteria and present you with ROOST "Best Bets" for Real Estate Investors. See This Week's Featured Properties >>> ROOST™ “Best Bets” for Investors…

The Landlord Profitability Playbook Podcast

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Ep011: Can They CONTROL Rehab and Maintenance Costs? – What To Expect From Your Property Manager (Part 4) 41:49

πριν 32 weeks41:49

41:49

Welcome back to The Landlord Profitability Playbook Podcast! In this fourth episode of our 12-part series "What To Expect From Your Property Manager," hosts Chris McAllister, Laci Leblanc, and Gretchen Mitchell will explore the critical role of controlling rehab and maintenance costs in maintaining landlord profitability.Join us as we take a deep dive into:• The importance of proactive decision-making and tenant selection to prevent costly repairs down the line.• How adhering to the 'Neighborhood Standard' can preserve property value and enhance tenant satisfaction.• The advantages of employing W2 maintenance personnel and providing work trucks to boost operational efficiency.• Best practices for managing costs transparently, collaborating with trusted contractors, and leveraging technology platforms like Property Meld and Appfolio.• The significance of having a dedicated Rehab & Maintenance Manager and a robust policy for cash management and reserves.We also share insights into our own Rehab and Maintenance team's journey at ROOST Real Estate Co., including their roles, structure, and our plans for the future.Whether you're an experienced investor or new to the game, this episode is packed with actionable tips and insights to help you manage your properties efficiently and economically.Listen now to Episode 4: "Can They CONTROL Rehab and Maintenance Costs?" and take the next step in mastering your real estate investments.For more resources and to explore investment opportunities with ROOST Real Estate Co., visit our website.Subscribe to the podcast to stay updated with the latest episodes and insights! SHOW HIGHLIGHTS Chris discusses the rising costs of property maintenance, citing data from Property Meld, and emphasizes the need for proactive strategies to manage these expenses. We explain the importance of meticulous tenant screening and setting clear expectations for property care to mitigate maintenance costs. Chris highlights the significance of ensuring tenants are comfortable with the maintenance request process and understand their responsibilities in maintaining the property. We explore the challenges landlords face when showing occupied rental properties, including tenants' rights to refuse showings and the potential impact on property presentation. We stress the benefits of allowing adequate time to prepare properties for new tenants, which can result in long-term, reliable tenants and reduce vacancy periods. We discuss best practices for property management maintenance, including essential questions to ask when selecting a property management company. Chris and Gretchen explain the balance between over-improving and under-maintaining properties and the concept of maintaining properties to the neighborhood standard. We describe the logistics of managing work schedules and transportation costs for maintenance personnel, and the decision to use W-2 employees versus 1099 contractors for routine maintenance and repairs. We highlight the transformative impact of Property MELD software on property management, focusing on its integration with AppFolio and its superior communication and scheduling capabilities. Chris underscores the value o P.S. Searching for your next investment property? Every week, we comb through the latest MLS listings, hunting for investment opportunities that meet our rigorous criteria and present you with ROOST "Best Bets" for Real Estate Investors. See This Week's Featured Properties >>> ROOST™ “Best Bets” for Investors…

The Landlord Profitability Playbook Podcast

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EP010: Meet The Team Then Decide – What To Expect From Your Property Manager (Part 3) 55:41

πριν 36 weeks55:41

55:41

Welcome to The Landlord Profitability Playbook Podcast! In this third episode of our 12-part series, "What To Expect From Your Property Manager," hosts Chris McAllister, Laci Leblanc, and Gretchen Mitchell dive deep into the importance of meeting your property management team before making any commitments.In "Meet The Team THEN Decide," we explore the foundational role of trust in managing your valuable assets. We'll discuss the value of local expertise, the collaborative nature of the property management relationship, and how to get a feel for team dynamics. We'll also cover key performance metrics you should inquire about and the overall structure of an effective property management team.By tuning in, you'll learn how to assess whether a property management team is right for you, ensuring they have the necessary tools, clear roles, and the commitment to high standards that will help optimize your investment returns.Join us for insightful tips and strategies that will help you make informed decisions about your property management partnerships.Hosts:• Chris McAllister• Laci Leblanc• Gretchen MitchellKey Topics Covered:• Building trust• Importance of local expertise• Collaboration in property management• Assessing team dynamics• Understanding key performance metrics• Effective team structureEnsure your properties are managed effectively by teaming up with professionals who view your investments as their own.Don't miss this episode for valuable insights and actionable advice! SHOW HIGHLIGHTS We discuss the critical importance of building trust with your property management team, emphasizing the value of face-to-face interactions, whether in person or via Zoom. Chris highlights how local expertise in property management can offer significant advantages over national companies, especially through intimate knowledge of neighborhoods and market dynamics. Gretchen explains the necessity of clear role definitions and compliance with licensing laws within a property management company to ensure smooth operations and accountability. We emphasize the need for a well-structured team with designated roles for tasks such as accounting, maintenance, and leasing to enhance efficiency and effectiveness. Chris talks about the importance of evaluating property management companies by understanding their team structure and distinguishing between front stage and backstage activities. We explore key performance indicators for property management, including 'time to turn,' 'days on market,' 'rent collected,' and 'three-day notices,' as essential metrics for evaluating effectiveness. Gretchen underscores the importance of balancing legal, moral, and professional responsibilities while maintaining trust and respect between property managers, tenants, and owners. We discuss the advantages of having a geographically focused team for property management, particularly for investors looking to expand their portfolios. Chris shares insights into the internal dynamics of Roost Real Estate Co Property Management, detailing the roles of key players and the importance of providing the team with the proper tools and resources. We advise prospective clients to inquire about job d P.S. Searching for your next investment property? Every week, we comb through the latest MLS listings, hunting for investment opportunities that meet our rigorous criteria and present you with ROOST "Best Bets" for Real Estate Investors. See This Week's Featured Properties >>> ROOST™ “Best Bets” for Investors…

The Landlord Profitability Playbook Podcast

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Ep009: List and COMMUNICATE Your Minimum Expectations and Non-Negotiables – What To Expect From Your Property Manager (Part 2) 43:23

πριν 42 weeks43:23

43:23

This is the 2nd of our 12-part series called What To Expect From Your Property Manager.Whether you are your property manager, you are already in a property management relationship, or you are thinking about hiring a property manager, this series help you set expectations for performance that can only positively impact your profitability over time.In this episode Chris, Laci, and Gretchen discuss being able to list and communicate your minimum expectations and non-negotiables for your property manager. We are going to talk about motivation – yours and your property manager’s, communication and accessibility expectations, alignment and systems, fiduciary responsibilities, compatibility and performance, and doing your due diligence.I guarantee you will find tips tricks habit and mindsets you can you to make your real estate investments work for you – and not the other way around. SHOW HIGHLIGHTS Chris McAllister opens the discussion on the significance of establishing clear expectations and non-negotiables in property management relationships. Lacey LeBlanc and Gretchen Mitchell talk about understanding what real estate investors seek from a property management partnership for a successful collaboration. We reminisce about Roost Real Estate Company's growth from managing personal properties to serving a diverse client base and fostering strong relationships with clients. The ethos of Roost Real Estate Company is discussed, highlighting the commitment to providing homes for all individuals, whether they rent or own. The importance of system alignment and defined team roles within property management organizations to ensure efficiency and owner satisfaction is examined. We touch on the intricacies of managing different property types, including high-end rentals and those that accept Section 8 tenants in the post-COVID landscape. Key considerations for choosing a property manager are discussed, such as their legal awareness, broker involvement, and commitment to the owner's success. We explore the internal program "Have I Earned a Five-Star Review Today?" aimed at maintaining exceptional customer service and its impact on managing property managers. Chris and Gretchen delve into the practicalities of managing property managers, including monitoring online reviews and the importance of direct communication with property owners regarding rental income flow. Transcript samples from key chapters provide insight into the conversation, including the significance of a property manager's understanding of their fiduciary and agency duties, and the necessity of broker involvement for successful management. LINKS Show Notes Be a guest on the Landlord Profitability Playbook Podcast Download your FREE copy of The Landlord Profitability Playbook and learn how to automate your property management. Visit ROOST Property Management and find ou P.S. Searching for your next investment property? Every week, we comb through the latest MLS listings, hunting for investment opportunities that meet our rigorous criteria and present you with ROOST "Best Bets" for Real Estate Investors. See This Week's Featured Properties >>> ROOST™ “Best Bets” for Investors…

The Landlord Profitability Playbook Podcast

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Ep008: Get Clear On What You Want From This Relationship – What To Expect From Your Property Manager (Part 1) 40:56

πριν 47 weeks40:56

40:56

This is the first of our 12-part series called What To Expect From Your Property Manager.Whether you are your property manager, you are already in a property management relationship, or you are thinking about hiring a property manager, this series help you set expectations for performance that can only positively impact your profitability over time.Chris and Laci kick off this series with a discussion about getting clear in your mind about what you want in a property management relationship.Specifically, we cover the many hats a property manager wears in the course of a month, being able to articulate your reasons for investing in real estate in the first place, managing property remotely, the value of your time as a scarce resource, and the hidden and not so hidden costs of going it alone.As an extra bonus we are going to be joined for this series by Gretchen Mitchell, Director of Property Management for ROOST Real Estate Co.I guarantee you will find tips tricks habit and mindsets you can you to make your real estate investments work for you – and not the other way around. SHOW HIGHLIGHTS We kick off our "What to Expect from Your Property Manager" series, highlighting the importance of defining your expectations for a property management relationship to positively impact your profitability. Laci LeBlanc and Gretchen Mitchell join the conversation, emphasizing the value of time as a scarce resource and the significance of setting performance expectations for property management. The recent legislative victory with the Springfield Ohio Landlord Registration and Licensing Ordinance is celebrated, noting the removal of the self-inspection requirement as a benefit for property owners and tenants. We delve into the concept of becoming an accidental landlord, sharing my personal story of turning a bank-owned property into a profitable rental and the strategic benefits of making extra mortgage payments. The discussion touches on the necessity of treating real estate investment as a legitimate business and learning from past mistakes to ensure success and compliance with fair housing laws. We explore the emotional toll and time commitment of real estate investment, particularly for accidental landlords who depend heavily on rental income, and seasoned landlords with a financial buffer. Anecdotes are shared to illustrate the challenges property managers face, such as unexpected maintenance and tenant turnover, underscoring the importance of proactive management. We stress the financial and stress-related advantages of hiring a property manager to mitigate the unforeseen complexities and protect against the unpredictables of the real estate world. In discussing property management partnerships, we reflect on the importance of readiness and finding the right fit for a long-term, collaborative relationship with a property manager. We conclude by affirming that a property management partnership is about more than offloading responsibilities; it's about creating a path to real estate success and achieving financial goals. LINKS Show Notes P.S. Searching for your next investment property? Every week, we comb through the latest MLS listings, hunting for investment opportunities that meet our rigorous criteria and present you with ROOST "Best Bets" for Real Estate Investors. See This Week's Featured Properties >>> ROOST™ “Best Bets” for Investors…

The Landlord Profitability Playbook Podcast

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Ep007: Expand Your Empire With Rachael Schwalenberg 30:20

πριν 1 year30:20

30:20

I’d like to introduce Rachael Schwalenberg to the Landlord Profitability Playbook Podcast.Last summer I was listening to the Evernest Real Estate Investor podcast while on the bike path and the guest that day was Rachael Schwalenberg of Columbus, Ohio.Now I listen to a lot of podcasts and I am not easily impressed but Rachael was amazing. She clearly knew the Columbus market inside and out. It was not a ‘rah-rah’ perspective either. It was nuanced, thoughtful, and in my opinion absolutely accurate.As soon as I got home I got on the Google machine and tracked her down, sent her an email, and we have been friends and referral partners ever since.Rachael’s years of experience in the Columbus market as a Realtor, property manager, broker owner, entrepreneur, and investor make her an invaluable resource to our listeners on The Landlord Profitability Playbook podcast as well as our listeners on our sister podcast Connect Practice Track & Grow for real estate professionals.When it's time to expand your empire, Rachael is the professional you want to work with. SHOW HIGHLIGHTS Rachel shares her journey from property management to becoming a broker-owner, emphasizing her focus on working with investors to optimize their investments. We explore the importance of maintaining a manageable business size, which Rachel believes is crucial for staying accessible to clients and building long-term trust. Rachel discusses the significance of leveraging tools and spreadsheets for making profitable investment decisions, rather than doing the calculations manually. We address the challenges that agents who entered the market in 2021 and 2022 faced when the market shifted, emphasizing the need for genuine commitment to succeed in real estate. Rachel underscores the necessity of having supportive brokerage and proper training to grow and sustain a successful real estate practice. Rachel and I talk about the importance of building strong client relationships and being selective with the clients you work with, particularly in property management. We delve into the strategies for expanding client portfolios in the Columbus market and discuss the long-term investment opportunities arising post-pandemic. Rachel predicts a more stable real estate market in 2024 and discusses the impact of infrastructural developments, such as Intel's move to Columbus, on investment potential. We highlight the value of networking and referral partnerships for building a real estate business, sharing insights into their successful collaboration. Rachel conveys her approach to business growth, focusing on scaling her clients' portfolios and potentially growing Roost Real Estate with more agents and investors. LINKS Show Notes Be a guest on the Landlord Profitability Playbook Podcast Download your FREE copy of The Landlord Profitability Playbook and learn how to automate your property management. P.S. Searching for your next investment property? Every week, we comb through the latest MLS listings, hunting for investment opportunities that meet our rigorous criteria and present you with ROOST "Best Bets" for Real Estate Investors. See This Week's Featured Properties >>> ROOST™ “Best Bets” for Investors…

The Landlord Profitability Playbook Podcast

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Ep006: Annual New Year Podcast 2024 1:05:08

πριν 1 year1:05:08

1:05:08

This episode is extra special because it also falls on the occasion of the 10 year anniversary of ROOST Real Estate Co.Listen as Laci and I recap 2023 and layout my key initiatives for 2024 and beyond. SHOW HIGHLIGHTS Chris celebrates the 10-year anniversary of Roost, discussing the company's core values of being smart, passionate, supportive, and approachable, and how these have shaped the business's success. Lacey and Chris talk about the importance of professionalism in real estate, emphasizing the need for knowledgeable people to surround investors, buyers, and sellers. We navigate the challenges of trademarking and selecting a unique and legally available business name, sharing the story behind the naming of Roost Real Estate Co. Chris reflects on Roost's commitment to serving a diverse clientele, including buyers, sellers, investors, and tenants, and the symbiotic relationship between property management and brokerage services. We celebrate team accomplishments, recognizing individuals like Gretchen Mitchell for scaling the property portfolio and acknowledging the contributions of the marketing and education team during the pandemic. Chris discusses the strategy to expand business through the initiative "Have I Earned a Five-Star Review Today?" and its impact on online reviews, particularly on Google. We tackle the concept of streamlining the real estate listing process and redefining the role of a brokerage to support agents with innovative tools and strategies. Chris outlines ambitious goals for Roost over the next five years, including scaling the agent network, doubling the door count, and amplifying the digital presence through content and book downloads. We reflect on the challenges and rewards of the past year, embracing the philosophy of "be here now" and expressing gratitude for the team's efforts and the community's support. Transcript samples provide insights into Chris's thoughts on creating a welcoming business environment and the initiatives for Roost's growth and expansion, highlighting the human element in real estate. LINKS Show Notes Be a guest on the Landlord Profitability Playbook Podcast Download your FREE copy of The Landlord Profitability Playbook and learn how to automate your property management. Visit ROOST Property Management and find out more about the ways we can help you create a more profitable portfolio. Visit Rental Property Registration to access the registration page and self-inspection form. TRANSCRIPT (AI transcript provided as supporting material and may contain errors) Chris: Hi, I'm Chris McAllister here with the P.S. Searching for your next investment property? Every week, we comb through the latest MLS listings, hunting for investment opportunities that meet our rigorous criteria and present you with ROOST "Best Bets" for Real Estate Investors. See This Week's Featured Properties >>> ROOST™ “Best Bets” for Investors…

The Landlord Profitability Playbook Podcast

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Ep005: The Springfield Ohio Landlord Registration and Licensing Ordinance 32:57

πριν 1 year32:57

32:57

In today’s episode Laci LeBlanc and I talk about The Landlord Registration and Licensing Ordinance 23-36 enacted by the City of Springfield Ohio on January 31, 2023.In this episode we discuss the ordinance, the process by which it is being enforced, and the legal basis for pushing back on this infringement of property rights and ultimately tenant rights.I have serious concerns about this ordinance both as a residential real estate investor in the city, and as a licensed real estate broker managing investment property on behalf of our owner clients.These types of initiatives are being enacted throughout Ohio and in other states as well. Whether you have investment property in the Springfield area or not, I think you will want to be aware of this trend across the country. SHOW HIGHLIGHTS Laci and I discuss the Landlord Registration and Licensing Ordinance 23-36 enacted by the City of Springfield, Ohio, focusing on its implications for residential real estate investors. We share our experiences and conversations with local authorities regarding this ordinance, providing insights for investors to comply with it. We explore unique aspects of Springfield, including the absence of public municipal trash service and the controversial self-inspection ordinance for rental properties. We express our concerns about the self-inspection ordinance and how we've raised these issues with city officials. Laci and I about our commitment to maintaining safe and functional properties for our tenants and the potential for unknown issues to arise after the inspection. We question the constitutionality of an ordinance requiring property owners to obtain a certificate of compliance before renting out their properties. We discuss the balance between tenants' rights and property rights, and the potential impact on the real estate market. We highlight the need for unity among realtors in creating regulations that support a thriving real estate business in Springfield. We explore the process of creating ordinances and the importance of involving all relevant parties in the decision-making process. We encourage listeners to reach out with any questions and to participate in building a better real estate community in Springfield. LINKS Show Notes Be a guest on the Landlord Profitability Playbook Podcast Download your FREE copy of The Landlord Profitability Playbook and learn how to automate your property management. Visit ROOST Property Management and find out more about the ways we can help you create a more profitable portfolio. Visit Rental Property Registration to access the registration page and self-inspection form. TRANSCRIPT (AI P.S. Searching for your next investment property? Every week, we comb through the latest MLS listings, hunting for investment opportunities that meet our rigorous criteria and present you with ROOST "Best Bets" for Real Estate Investors. See This Week's Featured Properties >>> ROOST™ “Best Bets” for Investors…

The Landlord Profitability Playbook Podcast

1
Ep004: How to Choose the Right Tenant for Your Rental Property 55:37

πριν 1 year55:37

55:37

In today’s episode Laci LeBlanc and I talk about How To Choose The Right Tenant For Your Rental Property and the strategic, and tactical, steps you can take to ensure that your tenants not only pay the rent on time, but leave the property in as good or better condition than when they moved in.Whether you are an accidental landlord or a seasoned investor, I think you will find this episode thought-provoking and enlightening. SHOW HIGHLIGHTS In this episode we discuss the art and science of selecting the best tenant for rental properties, emphasizing the need for strategic steps and criteria. Landlord-tenant relationships are critical and can significantly impact the landlord's bottom line. Good relationships can prevent costly repairs and maintenance. Setting and upholding minimum property standards are vital. Both landlords and tenants should be accountable to these standards. Maintaining positive landlord-tenant relations, especially when it comes to property repairs, is important. Prompt response to tenant requests is a must. The pros and cons of in-house repairs versus outsourcing are discussed. Outsourcing may save time and money, but in-house repairs can give better control over quality. The importance of managing the reputation of rental units is highlighted. Partnering with owners that appreciate this can result in win-win collaborations. Landlords should not just focus on whether a tenant can pay the rent but also on whether they can maintain the property in good condition. Tenant screening should include verifying the tenant's income (at least three times the rent amount), job history, eviction history, address history, and landlord references. Consistency in the tenant screening process is essential. Every potential tenant should undergo the same process, such as running a credit report and criminal background check. We end the episode with a discussion on maximizing profitability and maintaining property standards. It stresses the importance of consistent criteria and processes in tenant evaluation. LINKS Show Notes Be a guest on the Landlord Profitability Playbook Podcast Download your FREE copy of The Landlord Profitability Playbook and learn how to automate your property management. Visit ROOST Property Management and find out more about the ways we can help you create a more profitable portfolio. TRANSCRIPT (AI transcript provided as supporting material and may contain errors) Chris: Chris McAllister, here with the Landlord Profitability Playbook, where it's my job to create and coach business opportunities and strategies that support and add value to the lives of residential real estate investors and their tenants. And I'm h P.S. Searching for your next investment property? Every week, we comb through the latest MLS listings, hunting for investment opportunities that meet our rigorous criteria and present you with ROOST "Best Bets" for Real Estate Investors. See This Week's Featured Properties >>> ROOST™ “Best Bets” for Investors…

The Landlord Profitability Playbook Podcast

1
Ep003: Which Amenities To Add (& Avoid) in Your Rental Property 42:52

πριν 2 years42:52