The Rental Realist

Allright, I make it pretty clear within the first 10 seconds my stance on home warranty plans with rental properties. No build up there! 1% of the time, it's a good idea, 99% of the time, not so much. I'll explain why you should strongly consider managing your own risk and how home warranty companies are out there to sabotage your rental business. I share a recent story that is more the norm, than the exception. Take a listen and don't let these scum bags take your money! $$$

The C.A.R.E.S Act, aka the 2.2 trillion dollar stimulus package was signed March 27th and this has a huge impact on landlords and renters. In this episode I discuss what this means and how landlords are going to be impacted and how to navigate through such uncertain times.

In this episode I discuss the top 5 pitfalls that self manage landlords run into and why a property management company might be right for them. A property management company is not an ideal fit for all investors, but there are some that could use the help! I cover tenants who take advantage of their landlord, efficiency in renting, property tenant screening, and landlord practices that should be abandoned in 2019!
Tyson Hill is a rental property investor in multiple states and owns a successful property management company. He grew up around the rental property game and knew by the time he was 15 years old that he wanted to own rental property. 9 years later he acquired his first rental home and has continued to invest and build his portfolio ever since. Tyson is passionate about rental real estate and created this podcast to share his insights, opinions, and actionable tips to anyone who owns rental property. Feel free to reach out to Tyson at [email protected]

Just when you think I can't pour anymore gas on the home warranty fire, I do! I share a story that happened 3 years ago that pretty much sums up why using a plan like this with your rental is not a good idea. Typically the most expensive thing a warranty company covers in an air conditioning unit. I break down the numbers and explain how the landlord is actually losing money, even though he got his AC unit replaced.

By now you know my stance on real estate: HOLD IT! In this episode I give 2 great examples of how one investor deployed patience and won, and how another did not and cost themselves over 150k in a 3 year span. Everyone who buys rental property has a purpose, but can many times get knocked off their path. I talk about creating a firm plan and visualizing what the end game looks like. Don't get seduced by the quick cash, play the game and win in the end!