Passive Income Pilots
Tait Duryea and Ryan Gibson
Welcome to the Passive Income Pilots Podcast – the show designed to help pilots climb to new levels of financial success.
Join Tait Duryea & Ryan Gibson, both airline pilots, business owners and investors, as they interview top experts and share practical knowledge on real estate, tax strategy, passive income and generational wealth. This one-of-a-kind show created specifically for professional pilots offers applicable strategies and tactics for improving your financial life.
Whether you're a seasoned pilot or just starting out, we'll equip you with the expertise and confidence you need to upgrade your money and achieve true financial independence.
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Top 10 Passive Income Pilots Episodes
Goodpods has curated a list of the 10 best Passive Income Pilots episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Passive Income Pilots for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Passive Income Pilots episode by adding your comments to the episode page.
#66 - Frequent Flyer Health Hacks from Special Forces Coach Alex Racey
Passive Income Pilots
07/02/24 • 35 min
In this episode we welcome special guest Alex Racey, a renowned personal performance coach with an extensive background in the military. The discussion focuses on the importance of maintaining physical and mental health, particularly for aviators, frequent flyers, and professionals who sit for long periods. Alex Racey, who served 25 years in the U.S. Army, shares his expertise on how to achieve overall well-being through practical advice on nutrition, exercise, and sleep. He also has a personal connection to the aviation world through his son, who is in training to become a pilot. Alex highlights the significance of consistent, small efforts over time to ensure long-term health and wellness. This episode provides valuable insights for anyone looking to improve their health and performance.
Timestamped Show Notes
(00:00) Introduction by Tait and Ryan; discussing the importance of motivation.
(02:19) Introduction of guest Alex Racey, his military background, and transition to personal performance coaching.
(03:52) Alex shares his personal experience and the significance of physical and mental health in achieving a fulfilled life.
(04:25) Alex talks about his military background and transition to civilian life, emphasizing the importance of physical health.
(07:07) Discussion on the challenges of maintaining physical health and tips for pilots on staying active during flights.
(12:35) Nutrition tips for pilots; how to manage diet during long flights and trips.
(15:16) Practical advice on making healthier food choices while traveling and eating at restaurants.
(18:10) Importance of cumulative small efforts in physical fitness and overall health.
(21:18) Discussion on the impact of sleep and the importance of a good sleep routine for mental health.
(28:18) Overview of Alex's coaching methods and the types of clients he works with.
(29:08) Tips for managing sleep during international flights and adjusting to different time zones.
(30:04) Additional tips for maintaining health and wellness while traveling.
(34:30) Conclusion and how to get in touch with Alex Racey for personal coaching.
Resources Mentioned
Connect with Alex Racey:
Coffee’s Brewing Yoga Worksheet
Matt Walker: Sleep Diplomat Podcast
Fly safe and stay healthy!
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Have questions or want your physical copy of "Outlive" by Peter Attia? Contact us at [email protected] See you on the next one!
Legal Disclaimer
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice.
#89 - Air Traffic, Pilot Pay, and Airline Economics with A4A's Chief Economist John Heimlich
Passive Income Pilots
12/17/24 • 41 min
In this episode, Tait Duryea and Ryan Gibson sit down with John Heimlich, Chief Economist for Airlines for America (A4A), to unpack the challenges and wins shaping the airline industry. From air traffic control staffing shortages to the impact of pilot pay increases and aircraft delivery delays, John shares key insights into the state of U.S. airlines. He also discusses A4A's advocacy work and what the future holds for pilots and the broader aviation ecosystem.
John Heimlich is the Vice President and Chief Economist for Airlines for America (A4A), the leading trade group for U.S. airlines. With over 20 years of experience in airline economics and energy policy, John has been instrumental in shaping strategies that support airline profitability, sustainability, and growth. Before joining A4A, he held financial planning roles at United Airlines.
Show notes:
(0:00) Intro
(2:46) Who is John Heimlich and what does A4A do?
(5:52) Big wins for the U.S. airline industry in 2024
(8:15) Air traffic control staffing challenges and solutions
(12:38) Airspace capacity issues and delivery delays
(18:03) Pilot pay increases and airline financial health
(20:30) Revenue growth and sustainability of pilot contracts
(24:20) Industry profitability: Historical context and current outlook
(29:16) Political changes and their impact on airlines
(38:26) John’s advice for pilots and the future of aviation
(38:26) How to access A4A’s economic reports
(39:00) Outro
Connect with John Heimlich:
- Linkedin: https://www.linkedin.com/in/econdog
- Website: https://www.airlines.org
- Youtube: https://www.youtube.com/user/AirlinesforAmerica
—
You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
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Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Do you have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
#88 - Flight Schools and Passive Income: Insights from Gordon Alvord
Passive Income Pilots
12/10/24 • 46 min
In this episode of Passive Income Pilots, hosts Tait Duryea and Ryan Gibson talk with Gordon Alvord, Alaska Airlines captain and co-founder of Rainier Flight Service. Gordon shares how a 2008 furlough led to creating Washington State’s largest flight school, with over 70 aircraft and a reputation for innovation. Discover how he and his partner used business acumen, strategic investments, and bonus depreciation to build a scalable operation. Whether you're a pilot seeking side hustles or curious about aviation businesses, this episode is packed with actionable insights.
Gordon Alvord is an Alaska Airlines captain and co-founder of Rainier Flight Service, and a leader in aviation business and innovation. With a BS in Aeronautics from the University of North Dakota and over 18 years as an airline pilot, Gordon combines his flying expertise with a commitment to exceptional service, safety, and professionalism. Rainier’s success reflects its client-focused culture and dedication to advancing the aviation industry.
Show notes:
(0:00) Intro
(3:42) Starting Rainier Flight Service
(8:44) Flight school financial breakdown
(17:21) Bonus depreciation for tax savings
(20:10) Balancing airline career and business
(21:25) Expanding to new locations
(23:50) Aircraft leaseback programs explained
(37:48) Flight instructor opportunities
(39:15) Airline interview prep
(42:07) Cost of becoming a pilot
(45:40) Outro
Connect with Gordon Alvord:
- Linkedin: https://www.linkedin.com/in/gordonalvord
- Website: https://www.rainierflightservice.com/
- Facebook: https://www.facebook.com/rainierflight
- X: https://twitter.com/rainierflight
- Youtube: https://www.youtube.com/user/RainierFlight
—
You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots
Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/
Follow us on X @IncomePilots: https://twitter.com/IncomePilots
Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Do you have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
#42 - Real Estate Investing: Tax-Saving Strategies and Best Practices with Billy Withers
Passive Income Pilots
10/24/23 • 54 min
On this episode of Passive Income Pilots, Tait and Ryan interview Billy Withers. Billy Withers, EA, MT, is a financial expert and the owner of Summit Advanced Tax Strategy. He has helped hundreds of real estate investors and business owners organize their financial systems and reduce tax liabilities. With his expertise and the flexibility of a virtual firm, he provides prompt and effective service to ensure the growth and needs of his clients are met. Billy's experience in the field has made him an invaluable asset to those looking to maximize their profits while minimizing their tax liabilities. Billy talks about the intersection of taxes and real estate investments. He discusses optimizing tax situations, qualifying as a real estate professional, tracking deductions, and dealing with late filings. Billy emphasizes treating real estate investments as a business, gathering necessary documents, and working with a tax professional experienced in real estate matters to avoid problems and stay on top of taxes. Enjoy the show!
Timestamped Show Notes
(00:00) Intro
(04:08) Billy's career journey and specialization in real estate taxes
(05:52) The advantages of working with a tax strategist
(07:51) Tax efficiency: planning for taxable events in real estate
(11:31) What a tax strategist does
(13:25) Advisory service fee structure and getting started
(15:40) Quick hit opportunities, tax-advantaged strategies, and changes
(22:42) Qualifying as a real estate professional and hour requirements
(26:16) Keeping track of time spent as a real estate professional
(28:38) Collaboration between spouses to qualify as real estate professionals
(30:54) Caution against taking risks with material participation claims
(32:04) Structuring LLCs for earned and passive income
(34:13) Importance of tracking expenses and using dedicated accounts for real estate
(40:45) The complexity and individuality of tax matters in real estate
(43:57) Concerns about extending tax returns and K-1 forms
(52:46) What is an enrolled agent
(54:30) Outro
Resources Mentioned
#10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis
#14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis
---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com!
Join our growing community on Facebook
Check us out on Instagram @PassiveIncomePilots
Follow us on X @IncomePilots
Get our updates on LinkedIn
Have questions or want to discuss this episode? Contact us at [email protected] See you on the next one!
Legal Disclaimer
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances sh...
#33 - Mortgages, Refinancing, and Home Buying with Expert David Temko
Passive Income Pilots
08/22/23 • 51 min
On this episode of Passive Income Pilots, Tait and Ryan interview David Temko, President of C2 Financial, the nation's leading mortgage broker. David leads a team of expert loan officers and has extensive experience in commercial loans, sales, leasing, and banking. He discusses the impact of rising interest rates on the housing market, the benefits of buying now, tax advantages, potential appreciation, and the critical role of mortgage brokers. David also covers refinancing, leveraging home equity, and the importance of local banks and credit unions. He emphasizes the enduring value of real estate and the necessity of informed decision-making with expert guidance. Enjoy the show!
Timestamped Show Notes
(00:00) Intro
(02:58) Less inventory and homeowners staying put due to low interest rates
(03:36) Shift from underdevelopment to infill and existing homes, then to commercial brokerage
(09:07) Learning from experience and finding specialists in real estate
(13:48) Analyzing the rent vs. buy decision and calculating costs
(16:00) Long-term mortgage strategies and anticipated interest rate trends
(18:29) The risk of rising interest rates and its impact
(20:24) Costs of refinancing, and understanding interest rates and loan percentages
(23:27) Utilizing HELOCs to consolidate debt and reduce interest rates
(27:04) Blended interest rates, benefits in construction projects, and working with a mortgage broker
(29:14) Uncertainty in banks and lending practices affecting loans
(32:23) Importance of matching complexity with the right mortgage broker
(34:18) Pre-approval vs. pre-qualification: What you need to know
(36:22) Expertise and long-term experience in the mortgage business
(39:02) Understanding the factors that affect mortgage rates
(41:08) Potential impact of interest rate changes on housing demand
(44:30) Affordability driving people out of California into metropolitan areas
(47:23) Importance of local banks and small businesses in the economy
(49:11) Empowering homeowners with knowledge and resources
---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com!
Join our growing community on Facebook
Check us out on Instagram @PassiveIncomePilots
Follow us on X @IncomePilots
Get our updates on LinkedIn
Have questions or want to discuss this episode? Contact us at [email protected] See you on the next one!
Legal Disclaimer
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.
#29 - An Essential Guide to Decoding Non-Accredited and Accredited Investors
Passive Income Pilots
07/26/23 • 21 min
Today on Passive Income Pilots, Tait and Ryan delve into SEC rules and the key differences between 506B and 506C offerings. They explain what it takes to become an accredited investor and discuss the transformative impact of the JOBS Act of 2012. You'll learn about the investor accreditation process, including how to prove your status to operators and the benefits of using third-party verification companies. They also highlight the important role that attorneys, CPAs, and financial advisors play in validating accredited status. Enjoy the show!
Timestamped Show Notes
(00:00) Intro
(02:46) History of the regulation: Understanding its origins
(04:20) The JOBS Act: Key provisions and impact on investors
(05:22) Accredited investor: Definition and requirements
(09:15) Proving your accreditation: Steps and documentation needed
(12:47) What needs to be done if you're not accredited: Alternative investment options
(19:21) Your information is kept confidential: Privacy and security measures
(21:01) Outro
---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com!
Join our growing community on Facebook
Check us out on Instagram @PassiveIncomePilots
Follow us on X @IncomePilots
Get our updates on LinkedIn
Have questions or want to discuss this episode? Contact us at [email protected] See you on the next one!
Legal Disclaimer
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.
#30 - Investing in Commercial Real Estate and Analyzing Economic Indicators with John Chang
Passive Income Pilots
08/01/23 • 61 min
We are thrilled to have John Chang on this episode of Passive Income Pilots. As the National Director of Research Services for Marcus & Millichap, the leading commercial real estate brokerage in the U.S., John leads a team of 20 analysts to produce cutting-edge market forecasts. He speaks at over 50 conferences annually, sharing his deep expertise. Fresh from a recent Fed meeting, John delivers mind-blowing revelations about the state of the real estate market and the top investment opportunities in a 45-minute presentation with slides. Don't miss this game-changing episode, Watch it on our YouTube channel!
Timestamped Show Notes
(00:00) Intro
(01:38) About John Chang, National Director of Research Services for Marcus & Millichap
(03:39) Why you should invest in commercial real estate
(11:51) The economic outlook, recession indicators, and key drivers of commercial real estate
(16:57) Unemployment rates, labor shortage, and employment growth
(21:26) The consumer price index, producer price index, core personal consumption expenditures, and the Federal Reserve
(23:35) Bank shutdowns, bank reserves, and lending standards
(26:27) CRE performance in different property types
(43:14) The sales market in commercial real estate
(49:38) The effect of rising interest rates and mortgages on commercial real estate
(54:15) What John looks at when investing in commercial real estate
(58:32) What property type John is bearish on
(1:00:40) Outro
Connect with Jonathan:
LinkedIn: https://www.linkedin.com/in/johnchang/
Website: https://www.marcusmillichap.com/
---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com!
Join our growing community on Facebook
Check us out on Instagram @PassiveIncomePilots
Follow us on X @IncomePilots
Get our updates on LinkedIn
Have questions or want to discuss this episode? Contact us at [email protected] See you on the next one!
Legal Disclaimer
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.
#15 - Why Commercial Real Estate Trumps Residential
Passive Income Pilots
05/04/23 • 40 min
Today on Passive Income Pilots, Tait and Ryan share their journey to creating $8M in equity with a storage facility. Ryan discusses his recent visit to his East Coast portfolio with the new president of FreeUp Storage. Tait delves into his real estate investing journey, comparing single-family and multifamily properties, and explains why commercial real estate is a lucrative investment. They cover key real estate investment terminologies and strategies, including cap rates, value-add deals, and syndication investments, providing essential insights for investors. Enjoy the show!
Timestamped Show Notes
(00:00) Intro
(01:58) FreeUp Storage brought on a new president
(04:39) Tait's first single-family investment
(05:58) Multifamily investment insights
(06:36) Understanding cap rates
(13:03) Exploring value-add deals
(21:55) Syndication investment explained
(29:09) Difference between Turbine Capital and Spartan Investors
(34:26) How can they promise high returns?
(37:06) Unregistered vs. registered securities
(38:47) How to learn more about syndication
(39:58) Outro
---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com!
Join our growing community on Facebook
Check us out on Instagram @PassiveIncomePilots
Follow us on X @IncomePilots
Get our updates on LinkedIn
Have questions or want to discuss this episode? Contact us at [email protected] See you on the next one!
Legal Disclaimer
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.
#14 - Depreciation Demystified: Cost Segregation and Tax Savings in Real Estate with Toby Mathis
Passive Income Pilots
05/02/23 • 63 min
On this episode of Passive Income Pilots, Tait and Ryan welcome back Toby Mathis for an insightful discussion on depreciation and tax strategies for investors. Toby, a renowned attorney, investor, speaker, and bestselling author, is the founding partner of Anderson Business Advisors. Known for his expertise in business and real estate investing, Toby educates U.S. investors through his popular "Tax Tuesday" webinars. His book "Infinity Investing" is an Amazon bestseller and Global Book Award winner. Toby delves into depreciation, bonus depreciation, cost segregation, and tax-saving strategies, providing actionable insights for investors. Enjoy the show!
Timestamped Show Notes
(00:00) Intro
(02:27) What is depreciation, and how does it work?
(08:30) Why do you need a cost segregation study?
(11:34) Understanding bonus depreciation
(15:10) Restrictions on applying losses
(19:59) Types of expenses you can write off
(25:05) Cost segregation on an Airbnb to offset W2 income
(30:02) What happens when you sell the property?
(33:15) What is a cost segregation study?
(36:20) Understanding passive capital gains
(42:27) Wiping out taxes from previous years
(45:05) What can you depreciate?
(49:08) What happens when you want optionality?
(53:05) Who can benefit from Anderson's services?
(01:01:55) How to connect with Toby
(01:03:15) Outro
Connect with Toby
---You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com!
Join our growing community on Facebook
Check us out on Instagram @PassiveIncomePilots
Follow us on X @IncomePilots
Get our updates on LinkedIn
Have questions or want to discuss this episode? Contact us at [email protected] See you on the next one!
Legal Disclaimer
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.
#80 - Storm-Proofing Your Real Estate Investment with Jules Sneddon and Trevor Moss
Passive Income Pilots
10/16/24 • 51 min
Welcome back to another exciting episode of Passive Income Pilots! This week, Tait and Ryan talk with Jules Sneddon and Trevor Moss from the National Real Estate Insurance Group to explore everything you need to know about insuring your real estate investments. From protecting against storm damage to navigating the rising insurance costs in high-risk areas like Florida, Jules and Trevor break down the essentials. They share expert tips on choosing the right coverage, avoiding common pitfalls, and how to vet a reliable insurance carrier.
Jules Sneddon is the Executive Vice President of Sales and Marketing at National Real Estate Insurance Group, with over 32 years of experience in the insurance industry. She is also a licensed real estate agent and soon-to-be broker. Jules is known for her expertise in helping real estate investors navigate complex insurance needs, ensuring they have the right portfolio coverage.
Trevor Moss, the Director of Program Sales with 3.5 years at NREIG, is dedicated to ensuring investors are fully protected and educated about their insurance options.
🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024.
Show notes:
(0:00) Intro
(5:20) Why flood insurance is crucial in storm-prone areas
(7:33) Impact of hurricanes on the insurance industry
(10:28) How to vet a reliable insurance carrier
(13:21) Red flags in property insurance policies
(17:19) What is the National Real Estate Insurance Group?
(19:35) Pros and cons of umbrella policies
(26:30) Evaluating risk vs. reward in Florida property insurance
(33:36) Choosing a higher deductible for a lower insurance cost
(36:55) Up and coming in the real estate industry
(41:10) Importance of documenting contents in rental properties
(43:45) Business interruption and loss of rents insurance explained
(46:31) Unusual claims and lessons learned
(50:41) How to contact National Real Estate Insurance Group
(51:22) Outro
Check A.M. Best for insurance company ratings: https://web.ambest.com/home
Connect with Jules and Trevor:
Visit the NREIG website today: http://affiliate.nreig.com/PassiveIncomePilots
Phone: 888-741-8454
Email: [email protected] (Trevor Moss)
—
You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
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*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
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FAQ
How many episodes does Passive Income Pilots have?
Passive Income Pilots currently has 90 episodes available.
What topics does Passive Income Pilots cover?
The podcast is about Investment Banking, Wealth Building, Affiliate Marketing, Financial Planning, Forex Trading, Microeconomics, Financial Independence, Venture Capital, Financial News, Career Coaching, Financial Literacy, Entrepreneurship, Investing, Online Business, Asset Management, Business Strategy, Personal Finance, Web Development, Personal Development, Business Coaching, Motivational, Passive Income, Money Management, Business Analysis, Dropshipping, Podcasts, Digital Nomad, Money Podcast, Financial Freedom, Self-Improvement, Business Development, Business Growth, Investment Podcast, Business Education, Digital Marketing, Macroeconomics, Business, Real Estate Investing, Early Retirement, Day Trading, Financial Education, Financial Services and Career Change.
What is the most popular episode on Passive Income Pilots?
The episode title '#49 - Reflections & Revelations: A Look Back at our Favorite Episodes to Date' is the most popular.
What is the average episode length on Passive Income Pilots?
The average episode length on Passive Income Pilots is 48 minutes.
How often are episodes of Passive Income Pilots released?
Episodes of Passive Income Pilots are typically released every 7 days.
When was the first episode of Passive Income Pilots?
The first episode of Passive Income Pilots was released on Mar 6, 2023.
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