• Las Vegas Real Estate Investing & Real Estate Financial Planning™ Podcast

  • By: James Orr
  • Podcast

Las Vegas Real Estate Investing & Real Estate Financial Planning™ Podcast

By: James Orr
  • Summary

  • Learn all about investing in real estate in Las Vegas, Nevada with a combination of real estate financial planning and modeling with numbers specific to Las Vegas plus syndicated, more generalized recordings of live and pre-recorded real estate investing classes (not all specific to Las Vegas).
    © Real Estate Financial Planner LLC. All rights reserved.
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Episodes
  • Secrets of Property Management
    Oct 18 2024

    Learning how to correctly manage properties is a critical skill for landlords.

    This class is Module 5 of 46 in a series called Real Estate Investing Secrets.

    Topics covered in this module include:

    • What should you be doing to document the condition of the property before the next tenant takes possession?
    • The one free thing that few landlords do that could save you thousands of dollars from an unscrupulous tenant.
    • What is the risk-reduction significance of having matching photos of before and after?
    • What reminders should you be sending the incoming tenant before they start renting your property?
    • What is the best practice for how do you deal with a tenant moving in mid-month?
    • What’s the one critically important thing we must do with the security deposit and first month’s rent we collect from the tenant?
    • What day should the new tenant’s utilities start?
    • What else do we give tenants prior to moving in that we expect them to have done prior to move-in?
    • A little management trick you can use that gives us a break the morning the tenant’s moving in.
    • What should you lease say about the move-in inspection form to significantly reduce your risk?
    • What does a move-in inspection form look like? And, what should it say?
    • What obligations does the tenant have to you… as the landlord the first week moving into the property? What do you do if they fail to provide it to you after 5 days?
    • How do we address pest control issues with a property a tenant has just moved into?
    • What’s one thing we insist tenants do in the lease and require they provide proof of when they move in?
    • What should you be doing for the tenant in the first month? And, why do some landlords prefer to do this every month?
    • What’s one little reminder for the tenant that can save you thousands in repair costs?
    • When should you inspect a property? How do you deal with lease violations if you discover them?
    • What should you be doing 90-120 days prior to the current lease expiration date?
    • How do you differentiate between renewal rent rates and fair market rents? And, how do you deal with this discrepancy?
    • What should you be doing 60-90 days prior to the current lease expiration date?
    • See an example of a lease extension, why I personally recommend not using one and what to do instead.
    • What do you do if the current tenant is not renewing their lease?
    • An example of a move-out checklist? What should you include in yours?
    • What should be the very first thing you do when taking possession of the property from a tenant at the end of their lease?
    • What must you do to avoid having to pay a tenant 3 times their security deposit?
    • What should you have in every tenant file?
    • Plus much more...

    Check out the video and additional resources related to Secrets of Property Management.


    Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

    Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Las Vegas real estate investor podcast? Book a free consultation to discuss.

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    1 hr
  • Secrets of Tenant Screening
    Oct 11 2024
    Tenant screeing... an important, but often overlooked skill. If you're going to manage properties yourself in Las Vegas, you're going to need to know how to screen tenants. This class is Module 4 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the 5 steps in the property management process?What 10 things should you always check—and why—when preparing a property to rent?The Tenant Screening Process... in 5 easy steps.How to think about renting your property to get in the right mindset.Why you should be deliberately charitable... if you choose to be charitable... outside your rental property business.How does the initial call with your prospective tenants set the tone for your entire relationship?How to define the landlord-tenant relationship.What is it important to answer your phone when marketing to find tenants and what this says about how your tenants are likely to respond to you as a landlord.Why is it critically important to screen tenants on the first call and to not meet unqualified prospective tenants at your property?The magic words for getting a tenant to open up to you on the phone with your questions.What are the 10 critical initial screening questions to ask tenants on the phone before scheduling a time to meet them at the property?What are the different ways to show tenants your property?How should you prepare for showing the property to prospective tenants and why the first thing is critically important if you want to be paid on-time from your tenants?How to show the property to your tenants... and the one thing at the showing that will clearly demonstrate to you how your tenants are likely to take care of your property.The counter-intuitive secret to following up with tenants after showings...How to collect an application from tenants... especially if you’re not going to pay for a web-based service.What must you require from your applicants to be able to process their application... and how to deal with a tenant not having everything.The critical things you need to double check as you accept the application to process... and what to do if the tenant comes up short.Who provides an application and application fee... and why?How to get tenants to only apply to your property when considering other properties.The critical things you must get from your tenant—beyond security deposits and first month’s rent—to help protect you and help ensure you get paid.How do you deal with a tenant that provides incorrect (false) information on an application?How do you get an application and paperwork to use for your rental business?The one thing you need to do to avoid hefty fines, lawsuits and possible jail time.A surprising perspective on something that affects over 65 million Americans, but could open you up to liability, lawsuits, and possible jail time... and how you should properly deal with it.Tips and best practices for working with disabled applicants, service animals, emotional support animals and more.A powerful, inexpensive strategy to uncover bad apple tenants before you rent to them.Example application evaluation criteria and why it is critically important to use written, objective criteria when approving an applicant.A sneaky little way to get an informal co-signor on your tenants voluntarily to increase the odds of you getting paid if your tenant is unable to pay.Examples of common application criteria overrides and how you might handle them... and one that I’d encourage you to make an automatic disqualification.An example reservation deposit agreement, how to use it and when to use it.How do you notify tenants when they’re approved? When they’re not approved? When MUST you—by law—send them a letter telling them they’re not approved?How do you deal with tenant screening on a property you’re buying with an existing tenant?Plus much more... Check out the video and additional resources related to Secrets of Tenant Screening. Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:https://RealEstateFinancialPlanner.com/spreadsheetImprove Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Las Vegas real estate investor podcast? Book a free consultation to discuss.
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    1 hr and 24 mins
  • Secrets to Marketing to Find Tenants
    Oct 4 2024

    If you're going to manage properties yourself in Las Vegas, you're going to need to know how to do the marketing to find tenants.

    This class is Module 3 of 46 in a series called Real Estate Investing Secrets.

    Topics covered in this module include:

    • The 6 “Property Management Mastery” modules included with this course.
    • How to change your thinking about renting a property to a tenant that can improve your marketing and tenant screening.
    • How early should you start marketing your property for rent? Why start then? What are the advantages? And, what must you do if you cannot start then?
    • A Comprehensive Tenant Marketing Plan
    • How do you deal with marketing for a tenant when purchasing a property to rent immediately?
    • What are Fair Housing laws and why are they critically important for you to understand and follow them as a landlord?
    • Do you need to do all the marketing we suggest? What if you could only do 1 thing? 2 things? 3 things? Includes a discussion of the Pareto Principle (80/20 Rule).
    • The top marketing sites for marketing your property for rent.
    • To syndicate or not? A brief discussion.
    • The importance of spying on your competitors and what specifically to look for and how to utilize what you discover.
    • What to include in your ad? And, how to think about your marketing.
    • Why hiring a professional photographer… even if you have an amazing camera on your phone… is strongly encouraged and the unexpected reasons behind this suggestion. Examples of amateur versus professional photos.
    • How to increase the quantity of your tenant leads. How to increase the quality of your leads. When to use each strategy in your business.
    • What’s one thing you need to include in your ad and understand for each step in your tenant screening process?
    • How to utilize yard signs and directional signs to generate tenant leads.
    • What should you use YouTube for when marketing for tenants? And, how to do it.
    • What should you do with flyers for your rentals?
    • How to use postcards to neighbors and when do we typically use them when marketing properties?
    • How do we suggest using Facebook for marketing your properties?
    • A method to market your property that may or may not be available in your market, but why you should use it if it is available.
    • What are the rare circumstances where we’d utilize Open Houses to fill rental vacancies?
    • When should you create, maintain and use a Buyer’s List when marketing properties?
    • Plus much more...

    Check out the video and additional resources related to Secrets to Marketing to Find Tenants.


    Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:

    https://RealEstateFinancialPlanner.com/spreadsheet

    Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

    Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Las Vegas real estate investor podcast? Book a free consultation to discuss.

    Show more Show less
    1 hr and 2 mins

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