The Adventures of a Real Estate Investor

Building a business with your spouse is an extreme case of combining business and pleasure. For some, this is a shortcut to disaster, but for others, their significant other is the perfect business partner.

In this episode, Bethany Smith shares their story on how she and her husband built a business and grew it into what it is today. Come join us and listen in!

Nate and Bethany have had a longtime interest in Real Estate Investing, house hacking their first home 12 years ago with a VA loan. Nate has served 13 years in the USAF and is currently a C-130J pilot in the California Air National Guard with a commercial aviation background. Bethany has a background in residential real estate sales working as the Director of Operations for one of the top sales teams in Utah, where she developed a strong interest in and passion for Multi-Family real estate.

Bethany and her husband Nate are currently building a World Financial Group financial services agency in Southern California and nationwide, helping their team and clients save, grow, and protect their wealth.

Key points :

[00:01 - 00:40]• We welcome Bethany Smith to the show
[00:47 - 03:25]• Bethany Smith background Why he started investing in real estate.
[03:37 - 06:22]• How often they move while leveraging real estate in real estate.
[07:20 - 09:36]• The power of scalability.
[09:43 - 15:18]• Impacting other people, just through everything that she learned.
[16:20 - 23:29]• Bethany's advice on how you can onboard your spouse into doing entrepreneurial things
[23:30 - 29:19•Closing Segment
• Asking Bethany Smith the Adventurous Four

Tweetable Quotes:

"That's our other full-time business, but that's our, that's a big platform of ours, helping people understand, like if you buy assets, those can pay for your everyday things and your, your nice things eventually, but you have, we live in such a microwave culture, I want it now, I want it now, I want it now, like table that for a bit and work on this side over here, and then that passive income can then pay for some of these things that you want eventually. "

- Bethany Smith
Connect with Bethany Smith

www.YourCashflowCouple.com
https://www.facebook.com/yourcashflowcouple
https://www.instagram.com/yourcashflowcouple/

Until next time...

Explore more. Adventure awaits.

Please subscribe and leave an honest review - how do you want to create an impact in your world?

• Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn.
• Michael on LinkedIn
• Suzy on LinkedIn
• Invest with us! Start here.
• GRAB A FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers

Are you looking for a way to increase the value of your property, generate additional rental income, or create a private space for your family or guests? If so, an Accessory Dwelling Unit (ADU) may be just what you need! ADUs, also known as granny flats, or backyard cottages, are self-contained living spaces that are located on the same lot as a primary residence.

Designing and building an ADU can be a complex process, but with the right knowledge and guidance, it can also be a rewarding one. In this episode, we are joined by the amazing Whitney Hill, as we explore the world of ADUs, from their benefits and types to the key considerations in designing and building them. Join us and listen in!

Whitney is the co-founder and Head of Business Development & Innovation at Snap ADU, the leading accessory dwelling unit design build general contractor in San Diego. Previously, she spent several years as a developer of high-end homes on the east coast. Before turning to real estate, Whitney built a decade of strategic and tactical experience working as a management consultant at Bain & Company and as an operations manager for industrial supply distributor McMaster-Carr. She has a BA from Yale University and received her MBA from NYU Stern. Whitney is a mom of a 10 and 8-year-old and she's currently on a quest to visit all national parks within an 8-hour drive.

[00:00- 08:59]
• We welcome Whitney Hill to the show.
• Whitney Hill's background on how she started in property management.
• Getting more involved with the flips and learning the general contracting process.
• What are detached new construction ADU's?
• Different state regulations and zoning issues with properties that has ADU's.
[09:04 -17:37]
• Stick-built vs. modular options for building ADU's.
• How long does it take to build the systems and processes it take during that?
• Building nationwide or focusing where they currently are?
• What could you do with the extra land you have on your multifamily property?

[17:38 - 30:01]
• Whitney on what she's most excited for SnapADU?
• How to get loans to start an ADU build?
• SnapADU on dealing with the housing crisis?
• Asking Whitney Hill about the Adventurous Four

Tweetable Quotes:

" Sometimes having that vision is more important than even having the five year numbers plan. " - Whitney Hill
Connect with Whitney Hill

https://snapadu.com/
https://www.instagram.com/snap.adu/
https://www.facebook.com/snapadu
Explore more. Adventure awaits.

Please subscribe and leave an honest review - how do you want to create an impact in your world?

Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn Invest with us! Start here. GRAB A

FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers

• Welcome adventurous family!
  In this episode of the Adventures of a Real Estate Investor podcast, we discuss the importance of lease end tracking and phasing for multifamily properties. They explain how these practices can help you avoid financial losses, legal issues, and resident dissatisfaction. Come join us and listen in and unlock the full potential of your multifamily assets!
  

Key Points:

• What is Lease End Tracking? It's the practice of systematically monitoring the expiration dates of your tenants leases.
  
• Why is Lease End Tracking Important?
  • Prevents financial losses from missed renewals.
• Avoids legal issues arising from unclear lease agreements.
• Enhances resident satisfaction by ensuring a smooth renewal process.
  
• What is Lease Phasing? It's the strategic distribution of lease expirations throughout the year to avoid overwhelming vacancy spikes.
  
• Benefits of Lease Phasing:
  
  • Maintains consistent occupancy rates.
• Reduces resident turnover and the associated costs (maintenance, marketing).
• Allows for better budgeting and resource allocation for move-out preparations.
  
• Strategies for Effective Lease Phasing:
  
  • Analyze historical lease data to identify peak leasing seasons in your market.
• Aim for less than 10% of your units expiring in any given month.
• Consider offering short-term leases (3, 6, or 9 months) to achieve a gradual phasing.
• Clearly communicate your lease renewal process and goals to residents and property management teams.
  
• Myth Buster: Lease end tracking and phasing are essential for All multifamily properties, regardless of size. Smaller properties can be even more significantly impacted by neglecting these practices.
  

Adventurous Family Call to Action:

• For property owners: Ensure your property managers understand the importance of lease end tracking and phasing.
• For owner-operators: Review your lease data to assess your current phasing strategy and implement improvements if necessary.

Tweetable Quotes:
" Making sure that if you own multifamily or if you're working with an operator making sure that they understand the lease end phasing and lease end tracking. If you are an owner operator dig into your rental. See if you have, this phased out properly. See if you are tracking your lease end and dates."

Explore more. Adventure awaits.

Please subscribe and leave an honest review - how do you want to create an impact in your world?

Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn Invest with us! Start here. GRAB A

FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers

I am Lisa Hylton - the host of the The Level Up REI Podcast and founder of Lisahylton.com - A real estate investment firm that was created for Entrepreneurs by Entrepreneurs to build passive income and wealth through tax efficient real estate investments. When I am not buying real estate - you can find me hiking, paddleboarding, practicing yoga, taking evening walks, swimming, traveling, embarking on wine country getaways and trying new adventures!

In this episode, Lisa shares her story of rediscovering her love for real estate and learning the implications to finding success through partnerships. She discusses the relevance of finding one’s superpower in the industry to attract opportunities. Listen in!

[00:01 - 08:09] Opening Segment

• Welcoming Lisa to the show
• Her vision for the future in real estate entrepreneurship
• The challenges to proper property management

[08:10 - 17:40] Rediscovering Real Estate on a Doable Lens

• Discovering the idea of syndications as leverage
• Initiating conversations with potential investors through communities
• Working with operators in light of diversification

[17:41 - 25:42] Honing Relationships for Impact through Time

• Building relationships strategically
• The reward of constantly showing up and providing good service
• Narrowing down the deals to attract the right partners

[31:56 - 35:50] Closing Segment

• Asking Lisa the Adventurous Four
• How you can connect with Lisa

Tweetable Quotes:

“I found out about syndication and I realized, oh, no, you really can't invest in those things. You just need to know you know, you need to be around the right people and be in the right communities of people.” - Lisa Hylton

“I had to learn my role as an entrepreneur, like how I naturally build wealth, we all naturally build wealth in different ways.” - Lisa Hylton

“One of the beautiful things about this space is that as long as we all keep doing the things that we are doing, so buying, you know, and performing on these assets, in the next couple of months, a couple of years, you'll have a really great network of people that you have worked with... They've gone full cycle on many deals and you like so then it becomes smaller. The world becomes a lot smaller and easier to buy deals or raise capital and all that stuff. So it's just a matter of continuing to keep showing up and just being there and providing good service.” - Lisa Hylton

Connect with Lisa

www.lisahylton.com

https://www.facebook.com/groups/124498159696592

https://www.instagram.com/lisahyl

https://www.linkedin.com/in/lisa-hylton/

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Until next time...

Explore more. Adventure awaits.

Please subscribe and leave an honest review - how do you want to create an impact in your world?

• Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn.
• Michael on LinkedIn
• Suzy on LinkedIn
• Invest with us! Start here.
• GRAB A FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers

The wealth that comes from Real Estate Investing is not only a great tool to build monetary stability, but also a resource we can use to do bigger things and make a greater impact in our communities. On The Adventures of a Real Estate Investor, Micheal and Suzy talk with Josi Heron about freedom with real estate investing and what you can do with that freedom to impact others.

Josi Heron left her corporate job to pursue Multifamily investing and has built Waypoints Equity to empower other investors to join her journey. She has a background in engineering, finance, leadership, and asset management, and is a drilling reservist. Josi has found that impact is made between the waypoints of our lives, and she enjoys helping others invest and growing her business while giving back to veteran and community organizations.

[00:01 - 12:49] Opening Segment

• We introduce Josi to the show
• Josi shares her background
• Josi explains how Waypoints Equity came to be
  • Symbolizing the turning points in one’s life
  • True stability is taking over how you’re going to live your life
  • The differences in the lifestyles Josi has experienced living

[12:50 - 19:24] Helping The Community

• Veterans REI: Helping thousands of veterans in the community
• Greenhouse Scholars: Providing college opportunities to underprivileged students
• Josi talks about using real estate as a tool to make a greater impact
• Involving her children in the volunteering activities

[19:25 - 23:47] Building The Community

• Why Josi decided to start all her meetup groups
  • Community building and networking
  • The value of freely sharing and collaboration

[23:48 - 27:29] Asking Jodi the Adventurous Four

• Where Josi wants to travel
• One thing on Josi bucket list
• Josi’s advice to aspiring passive real estate investors
• How Josi wants to leave an impact

[27:30 - 29:50] Closing Segment

• How to connect with Josi (links below)

Tweetable Quotes:

“I think so often, we're all just focused on this great little nest egg in the future when you're retired. We need to live and we need to be present. And if we can't find that balance, and that purpose now, then I feel like there's something lacking.” - Josi Heron

“Look internally first. Set some basic goals of where you want to go. figure out what your WHY is. Figure out what it’s going to take to get you to your goals.” - Josi Heron

Resources Mentioned:

• Veterans REI live
• Greenhouse Scholars

Connect with Josi Heron! Visit her Website, LinkedIn, Facebook, Youtube and Calendly

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Explore More. Adventure Awaits.

SUBSCRIBE & PLEASE LEAVE AN HONEST REVIEW as we discuss real estate and seek our own adventures!

• Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn.
• Michael on LinkedIn
• Suzy on LinkedIn
• Invest with us! Start here.
• GRAB A FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers