The Challenges of Starting & Managing A Property Management Company with Jerry Ta
06/27/24 • 57 min
In this insightful episode of the RE Ballers Show, Vee Le sits down with Jerry Ta, a seasoned real estate professional, to delve into the intricacies of eviction processes and property management. Jerry shares his personal journey in real estate, from investing in properties to establishing a property management company. He discusses common mistakes landlords make during evictions, the legal hurdles involved, and the emotional toll it takes. Listeners will gain valuable tips on how to avoid eviction pitfalls and ensure a smooth property management experience.
Timeline Summary
[00:00] Introduction: Vee Le welcomes Jerry Ta to the show.
[00:35] Getting to Know Jerry: Jerry shares his background, including his passion for real estate and his journey in the industry.
[02:09] Starting a Property Management Company: Jerry discusses the challenges that led him to start his own property management business.
[04:06] Common Eviction Mistakes: Jerry outlines three major mistakes landlords make during evictions.
[07:05] Eviction Horror Stories: Jerry shares some of his most intense eviction experiences, including dealing with a 200-page legal document from a tenant.
[13:59] Eviction Process Breakdown: Detailed steps of the eviction process, from notice to court filing.
[20:08] Filing Evictions: Jerry explains the importance of filing in the correct courthouse and the potential setbacks of getting it wrong.
[28:00] Handling Appeals: Discussion on what happens if a tenant appeals an eviction and the costs involved.
[31:36] Legal Considerations: The impact of different judges and courthouses on the eviction process.
[38:09] Screening Tenants: Tips on how to properly screen tenants to minimize the risk of eviction.
Links & Resources
- Evictions Help: www.evictionshelp.com
- Real Estate Ballers Facebook Group: www.facebook.com/groups/REBallers
Closing Remarks
Thank you for tuning in to this episode of the RE Ballers Show! If you found this episode valuable, please rate, follow, and review our podcast. Join our Facebook group for more real estate discussions and stay connected with our community. Don't miss our next episode for more expert insights and strategies in real estate investing.
In this insightful episode of the RE Ballers Show, Vee Le sits down with Jerry Ta, a seasoned real estate professional, to delve into the intricacies of eviction processes and property management. Jerry shares his personal journey in real estate, from investing in properties to establishing a property management company. He discusses common mistakes landlords make during evictions, the legal hurdles involved, and the emotional toll it takes. Listeners will gain valuable tips on how to avoid eviction pitfalls and ensure a smooth property management experience.
Timeline Summary
[00:00] Introduction: Vee Le welcomes Jerry Ta to the show.
[00:35] Getting to Know Jerry: Jerry shares his background, including his passion for real estate and his journey in the industry.
[02:09] Starting a Property Management Company: Jerry discusses the challenges that led him to start his own property management business.
[04:06] Common Eviction Mistakes: Jerry outlines three major mistakes landlords make during evictions.
[07:05] Eviction Horror Stories: Jerry shares some of his most intense eviction experiences, including dealing with a 200-page legal document from a tenant.
[13:59] Eviction Process Breakdown: Detailed steps of the eviction process, from notice to court filing.
[20:08] Filing Evictions: Jerry explains the importance of filing in the correct courthouse and the potential setbacks of getting it wrong.
[28:00] Handling Appeals: Discussion on what happens if a tenant appeals an eviction and the costs involved.
[31:36] Legal Considerations: The impact of different judges and courthouses on the eviction process.
[38:09] Screening Tenants: Tips on how to properly screen tenants to minimize the risk of eviction.
Links & Resources
- Evictions Help: www.evictionshelp.com
- Real Estate Ballers Facebook Group: www.facebook.com/groups/REBallers
Closing Remarks
Thank you for tuning in to this episode of the RE Ballers Show! If you found this episode valuable, please rate, follow, and review our podcast. Join our Facebook group for more real estate discussions and stay connected with our community. Don't miss our next episode for more expert insights and strategies in real estate investing.
Previous Episode
How to Travel with Business Not Suffering
Building a strong team for your business is key to achieving freedom as a business owner. If you make the right hires and build a culture that will help your team grow with the business, you will achieve consistency that will allow you to delegate more of your responsibilities and ultimately be as hands-off as you possibly can be.
Watch now to learn the true impact of building a strong team for your business and what factors you need to consider when hiring people for your team!
Key Talking Points of the Episode
00:00 Introduction
00:35 Why is it important to build your team up from within?
01:41 What is the best way to manage teams for different businesses?
02:10 What is the best part of being a business owner?
03:06 Why is culture an integral part of business?
Next Episode
Recognizing the Importance of Building RELATIONSHIPS in Real Estate Investing with Ben Deal
Ben Deal is a seasoned real estate agent and investor with years of experience in different markets under his belt. Through the years, Ben has discovered the many benefits of being a licensed agent to his investing journey and he is with us today to talk more about why he decided to focus on being an investor agent and how investors and agents can benefit one another in any market.
Listen now to learn more about investor-agent relationships, how a real estate license can benefit you as an investor, and the real value of the relationships you’re building to your success!
Key Talking Points of the Episode
00:00 Introduction
03:08 Who is Ben Deal?
04:43 Where does Ben’s love for real estate come from?
08:19 What was Ben’s first real estate deal like?
11:24 How many deals has Ben done through the years?
12:40 How did Ben find his niche in real estate?
17:11 What is the reality behind investor-agent relationships today?
19:59 What are the benefits of working with investor-friendly agents in your market?
25:03 How can agents benefit from working with investors?
30:01 How can paying too much for a property make a deal go sideways?
34:09 What are the most impactful moments in Ben’s real estate journey?
39:48 What makes deals with investors different from deals with homeowners?
42:39 How much has the real estate market changed through the years?
47:43 What does Ben spend his time on outside of real estate?
49:10 What is Ben’s advice for his younger self?
50:39 How can you connect with Ben?
Quotables
“I just love real estate because I know it’s the path to wealth. It’s the path to financial freedom, it’s foundational – if you look at any people who created financial success in their life, real estate is always a big part or in the mix of creating the wealth.”
“I think that’s always part of the challenge and the blessing of real estate – it is transactional, so it’s always one deal to the next. The challenge is how you continue to build consistency and stacking up activity so that the deals are always coming in.”
“If you just look at the volume and the frequency of purchase when working with an investor, that far outweighs working with a traditional homeowner that’s buying one home every 5-7 years.”
Links
Instagram: Ben Deal
https://www.instagram.com/benjamindeal
Phone: Ben Deal
(832) 835-0558
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