The 5 things I wish I knew before becoming a Landlord...
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- Опубліковано 26 чер 2024
- These are the 5 things I wish I had known before becoming a landlord, and why learning these NOW can make you a better real estate investor in the long run. Enjoy! Add me on Instagram/Snapchat: GPStephan
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First, I wished I had treated it more like a business rather than a hobby.
When I first started, I was 21 years old. At this point, I had been working as a real estate agent for a little over 3.5 years and even though I had been doing a lot of rentals for OTHER PEOPLE, I had never done it for myself. All of a sudden you have a hard time thinking objectively, you throw your own emotions into the mix, you have self doubt, you worry if what you’re doing is right, and there’s a blurred line between running this like a business vs a hobby…and when I started, I ran it like a hobby. Don’t do that.
This brings me to my second point…keep things professional, and STICK TO THE CONTRACT.
In the beginning, I treated the contract more like a guide…as long as you roughly followed it, that was fine. No, NO, NO. Do NOT do this. Enforce the contract word for word. The contract is written for a reason - there should be no misinterpretation from what’s allowed and what’s agreed on. This clarifies everyone’s expectations for not only the tenant, but also for the landlord. When that contract is signed, all parties must abide by it.
The third thing I wish I knew was that I’d need to be on call 24/7.
If there’s ever an emergency, I have my phone on me to handle anything as it comes up. Most situations that come up, even though I’m technically “on call 24/7,” just aren’t that urgent; usually little minor things that are usually sent over email and you can handle them when you have the time.
The fourth thing I wish I knew is that anything that can possibly break, will break.
As a landlord, you walk into the brutal reality that most people simply don’t care about how they live or how delicate something is. Just like you baby proof a house, you will need to renter-proof your house. This means making things indestructible. If something is likely to break, make sure you don’t spend too much money on it. Just buy good quality DURABLE, not high end BREAKABLE. This will prevent you from fixing and buying new things after every tenant.
The fifth thing is that the biggest learning experience of all of them is simply dealing with people.
On a bigger picture, deeper down, you really have to learn to communicate effectively, be ok with saying no, be okay with standing your ground, while still being able to hear the other person out. You need to learn how to explain yourself in a way that makes sense to the other person, without coming off as insensitive or inattentive. The other person needs to be heard and their thoughts validated before you can say what you want. Just like anything else, people skills are incredibly important and can make a huge difference in whatever business your in.
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness@gmail.com
Suggested reading:
The Millionaire Real Estate Agent: goo.gl/TPTSVC
Your money or your life: goo.gl/fmlaJR
The Millionaire Real Estate Investor: goo.gl/sV9xtl
How to Win Friends and Influence People: goo.gl/1f3Meq
Think and grow rich: goo.gl/SSKlyu
Awaken the giant within: goo.gl/niIAEI
The Book on Rental Property Investing: goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - goo.gl/sT68EC
American Express Platinum - goo.gl/C9n4e3
Lesson here is: Don't try to be friends with everybody. When money is involved, keep things professional and follow the rules.
Agreed!
A good assessment! Difficult for Our Generation though. Because we are people-pleasers. Very customer service oriented and don't want to be seen as the hard-line sticklers that our parents or Grandparents were. But absolutely necessary and imperative to be successful a business or you will get taken advantage of. Just try to remember to not get jaded in the process
That "friends" thing shouldn't be a problem. I have never seen a landlord try to be my friend but one landlord charged me $30 for replacing a 99 cent furnace air filter after I moved out. Was he trying to be my friend when he did that?
Destroy the jedi
This is the opposite tip of Ryan Serhant :P
1) Treat it like a business!
2) Stick with the contract
3) Be on call 24/7
4) Anything that can break...will break
5) It’s a people business
YES!
Why do you want to own rental property and be on call 24/7 for your tenants. You'll be disappointed fustrated. That's why you pay a Property Manager for. It's a tax writeoff.
Keith Freitas I’ll keep this in mind
!00 % !!!!!!
Property Managers for small landlords are just not worth the 10% they charge. Believe me, I know.
When they come to look at your place, Look at their car inside and out! This is what your rental will look like when they leave!
jonathan crump cmon bro 😭😭😭isn’t tht invasion of property
This wisdom is so true! If they treat their car like a trash can, your rental will look like a trash can.
Very interesting, never thought if that and I have to say it's true at least from what I've seen.
Good tip. But not absolutley true in all cases. They can baby the car because they like cars and be dirty.
I hate to admit it but the one biggest indicator is their credit score..
@@recyclespinning9839 WRONG! Credit score means nothing! Credit score only tracks whether you are a good, medium, or bad debt slave. That is all. My credit score is 550. I have no record at all! I have paid cash for everything I own....house...businesses....cars....commercial properties...I have no debt and have never had a mortgage or car loan! Shouldn't my credit score be 1000? I have no debt and have an extremely high asset-equity ranking. I should be an excellent risk for the banks to loan to for them to make money through interest. Most debt slaves have no equity, only managed debt. It is risky to count any equity they may have achieved paying down the debt in a car loan or mortgage because as we say leading up to 2008, many debt slaves went belly up with both their cars and houses! I am NO TO LOW risk. I own all my real estate and cars!
It’s unbelievable how many houses are rented out without a contract... even if it’s a close friend or relative, it’s better to be safe than sorry!
Agreed!
Unless you live in a state with renters protection laws and its damn near impossible to enforce any worse contract than the law......
> even if it’s a close friend or relative
It's better not to rent out to a friend or relative. Do not do business with friends or relatives at all.
Not sure it really matters too much. The landlord\tenant laws as such that you just need to evict and you are not getting much for the lower level stuff. Higher stuff where people want good credit and such can be different.
Your tenants should never know that you are the landlord always perceive your self as the property manager. Then you wouldn't have to be worried about the whole age thing. That's what I do and it works.
Except if my name is on the lease :( Maybe I should've just faked a different name?
This is exactly why I have a property manager. I feel like tenants are less fussy when they know they don't have a direct line to the owner.
Same here. I always play good cop bad cop. The fake entity they always hear about that doesn't exist is the bad cop. Me, being in front of them is the nice yet to the book nice cop. "Id get fired if I didn't charge you the late fee, just doing my job". You don't want the tenant to know you're the owner.
How could you do that indeed. Legally you have to write your name.
@@moupatte When you go to talk to them as the "property manager" just use a fake name
Rentng to friends has backfired on me every time.
😬
I rent from my friend and I’m the first to pay every month
I have a plumbing plan on most of my bigger rentals. I pay 21/month for unlimited plumbing calls and fixes for anything. My tenants have the number on the fridge. It’s great for multi-family.
Who do you have this through? Is it a local plumber or national chain or home warranty service?
Adonna Pruette reliance home comfort. I think they are national in Canada but provincial for sure.
My friend rents his basement suite to an unmarried mother who has missed multiple months rent and seems to have one disaster after another in her life. She is waiting on a large insurance payout from a car accident that wrecked her back, but I'd guess that even if/when she gets it, she will not catch up on the rent owed....rarely do people repay kindness/patience - they just expect even more as if they are entitled to it
Yeap give an inch they will take a mile. Learn this lesson with contractors - it's worth the $300 to a lawyer draft a proper contract.
This is literally what I was just dealing with. Tenant downstairs didn't even have custody of their own children (should have been a red flag as they were the mom - dad didn't have custody either), but she was unreliable AF. Was late on rent a couple times, and was also always having some sort of crisis. We tried to be kind and have patience, but it never paid out (ha, literally), and even though they moved out a couple months early (we didn't see them being able to get their $hit together in time to evict and they were still paying), they still took a few days after they were supposed to be gone to do a terrible cleaning job and remove the rest of their junk from the suite. More days lost for us to rent out / find tenants!
The way how he said "They would magically find some way to break it" just took me out.
Such a true statement! I find it amazing that some (and fortunately few), but not all tenants who have little common sense, or regard for others, can even hold a job to pay the rent... And in the end, usually don't.
Bobby Zapp here. I am a 25-year real estate investor. Renting properties has been amazing. But my mentor taught me right up front that it was a business, so never get emotional. Continue to learn and expect your business to have problems. We are problem solvers.
When I started I was very young, I would tell the tenants I was managing the property for Someone else.
So the tenants respected me even though I own the property. I used my LLC on contracts. I always meant what I said, and followed the lease. Always go with your gut feelings with people, which means don't let them control your emotions. Money is not worth giving away your Peace.
"Renter Proof", ROFL, this is so true!! My parents own rentals and the tenants always found ways to destroy stuff by accident. Not everyone was raised by good parents. And if they don't own it, they don't care.
😬
#4 put in lease required 2x a year inspection, then address and bill for damages
Who would ever agree to have their home walked in on twice a year?
@@Mersoh any tenant who takes care of their shit and wouldn't be afraid of such an inspection.
@@DeesBees85 Still, you'd feel obligated to clean the bathroom, bedsheets, clean out the trash, perhaps even clean out the gutter in order to make sure your landlord won't be able to kick you out for anything minor with the motive to rent it out to someone else at a higher rate. Imagine having to take two vacation days off work specifically to make your rental look presentable to your landlord.
grfff3 it’s kinda like how people act different when they know they are being watched... that’s a good thing, even those who wouldn’t usually clean, will clean. That’s the point.
As he mentioned: if you take care of the way you live and clean after your self. And have all your shit set, straight. You really won’t care... plus why take a ducking day off from work? You can’t clean on a week end and keep it that way? Even if you have children or pets you should be able to keep it clean.
@@halakon666 Many people's houses look like a dump on the inside because they all like buying stuff but not throwing anything away. Besides a landlords with hidden motives will find an easy way to get rid of tenants that way, there'd have to be some counter to that in the tenants' favour in my opinion.
When friends ask if I have any rentals open I say I do not manage my apartments, it goes through my property managers. I manage some and my property managers manage some. This is kinda true---grin----I have even been rent scammed by relatives. Never Ever rent to relatives or friends if you want to collect rent.
Really good point!
I say I have no idea, my property manager handles all the administrative part.
Relatives wow insane…
It's so weird how before I watched this video, my dad gave the book "how to win friends & influence people" a while back. It's been sitting on my side table for a couple of days now cuz I've been meaning to read it. Hearing you mention that I should read the book is such a coincidence! I'm going to take it as a sign and just start reading!
Oh god my dad gave me that book too…..
I broke the bell by smashing it. Fix it slumlord. 😂
SUE ME ;)
@@GrahamStephan ur a fuckin parasite lol
🤭🤭🤭
Imagine one of his old "trouble" tenants watching this video 😂😂
When you get someone to sign the contract talk about eviction procedures and what's going to happen if they don't pay rent. Ten day notice, etc.
"If it can break - it will break" love it! Thank you for the great videos.
The first tenant I had to evict cost me more than year’s returns. They totally destroyed the house. Used one of the bedrooms as their dogs’ pen ...which they never cleaned up after. 😒 🐕 💩
It was awful! These are some amazing tips that I wish I had known before I started as well.
So sorry to hear man, always a lesson learned!
The house across the street from me has been empty for 5 years. The previous owner rented it out and the tenants *removed all of the interior walls.* The owner only found out after neighbors called to say they were tearing down the garage. Sure, they were evicted, but the house was trashed and we've never heard why.
Here's the crazy part: the owner made out okay. He put the house up for sale and someone paid almost full market value for the house. The reason it's still vacant is the new owner is stuck - she won't pay to repair the house (she's had nearly every contractor in town give her an estimate), she won't sell for less than she (over) paid, and she obviously can't rent it. For 5 years she's been mowing the lawn and arguing with contractors.
@@epbrown01 Wow, that's a tough situation! Though I'd just suck it up and pay for them to fix it, even if it hurts my pocket in the short term, so I can rent it out. Sometimes you have to do things you don't want to or that is difficult to do.
Kryst: I agree. Her only real options are sell at a loss or fix up and rent until she's even, then flip (what some call BRRR). According to the disgruntled contractors, she's looking for the cheapest, shoddiest repairs possible and even those would cost more than she's willing to pay. She's in her 70s - I expect it to end with her estate to selling the place for a song someday.
@@epbrown01 Yeah. If I knew her, I'd let her know the truth, no matter how much it hurt (her feelings).
This man is right. I removed the disposal early on and there is no dishwasher. Floors are laminate and tile. No glass in the doors just a slab. No central system to worry about ,window stuff. I simplified my two properties. I am 66yo and the way I talk to tenants , they know I mean business. The area is very rough. Three evictions in 10 years. I couldn't care less about the holes in the walls. That will happen. Ive been making good money on the houses. I don't provide w&d, refrigerator. if you don't want the tenant to do something ,just put it in the contract ,that's real legal ,that's all you have to do. i interpret the contract loosely and I do whatever I like because I know I can get away with it, and I know it will work out for me. I always make money. Good video. From Sacramento
On A personal note, you are a great person. The world needs more like you buddy.
Omg! I love it you are so right--Ive been a landlord on a small scale for 20 years listen people he knows what he is talking about... thinking about buying more property but first listening and reading about realestate as much as I can find --Please do more video thank you
All your videos are pretty informative but I really enjoyed this one with rental advice. I've been watching your channel for a couple of months now. Great content!
Thanks!!
Thanks for the reinforcement, I struggle with boundaries sometimes. I manage my own busy vacation property on the short term rental market, which can ramp up the challenges, but also the rewards. In my market at least.
You're inspiring. I wanted to be a landlord for years but I was scared and backed off the idea. Now I'm motivated to give it another shot. Thank you!
Just do it. Start small with a. Not too old property. Build confidence and then buy more.
Is a single-wide good to start renting out as a landlord?
True. After paying the late fee once, tenants will pay on time. Notify them of violations in writing. Get a good security deposit, when they decide to leave without paying the last month's rent. Most importantly, learn from previous problems and include them on the next lease. It's a working document, and it can be as long as you want.
Kevin O'Leary: Money doesn't have feelings.
Truth
Graham you are a LIFESAVER!!!!!! Thank you soooo much for every single one of your videos!!!!
Rule #1: Never, ever buy a house that already has renters occupying the house unless you want to become a landlord. I learned this from my parents.
My father bought a house from a guy who was renting the house to his relatives so my dad became an unwilling landlord. According to my father, the purchase contract said the tenants were supposed to be moved out by a certain date. My father had to go to court to evict the squatters in the house. The squatters stole every light bulb and the garage door opener before they were forced to leave by the sheriff.
The neighbors were so happy to see the squatter family leave that our new neighbors threw us a welcoming party when we moved in.
Stole light bulbs/ garage door opener? And you think this is a issue? Good lord you are not cut out for Land lording. Many stories about tenants trashing the place on the way out You got off easy
@@wildtill9 Was thinking same thing!! 🤯
🤣🤣😂
PickleRix we had a property where they punched a hole in almost every door and wall in the home, staircase were broken through as well and flooring was ruined.
My dad rented a house to a family member and they ended up nearly distorting the house. I have learned to never rent to friends or family, ever.
Excellent video I've been a landlord for over 15 years you are 100% correct on this if you don't mind I'm going to spread your video to friends of mine that want to become landlords.
Great point Graham about things always breaking. My first rental inspected well with tenants, I thought would keep the property in good shape however you live and learn that tenants treat rentals not as carefully as you
So that's why there isn't a separate switch for the bathroom fan.
I was relieved when I sold my last rental back in 2016. I was getting $1900.00 p/m, had the greatest tenants but shit still happens and you as the owner have to jump right in and take care of it.
How old were you? And what made you sell?
As always, great information. Thank you for sharing your knowledge.
Well you know what after watching 6-year videos it kind of grew on me so I'm going to hit the notification Bell
yes, I have never replace certain things in my house over the last 10 years, yet my tenants find a way to brake things, destroy the carpet,..
'break'
#5 the image I want for tenants is I will promptly attack problems but also I represent the property ... ultimately tenants relax into your level of responsibility and think twice about trying to cut corners
exactly
Thank you for this video. I'm planning on buying my first rental property and everyone of this videos give me an insight how to go about it
Get a property manager
Graham, thank you for the book suggestion at the end. You’re the man. From South Carolina!!
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Hey Graham! I’m a new subscriber and am interested in the legalities of real estate investing. Like did you go through a lawyer to create a leasing agreement or did you create one yourself? And are all the legal aspects under your own name or through a business?
If you could make a video on all the “legal things” regarding real estate investing, that would be awesome! Thank you!
LMAO, the look at the end was the icing on the cake
😜
Omg. Thank you for this! I've been dealing with this. A whole year gone. Stress. Fees. A lawyer. Almost tanking my own business.
I wish the commercials would play at the beginning or the end of the video. And I really enjoy your videos, thanks for all the information you provide.
Great video man !
Thanks!
I knew I would be like you so I have a great property manager fired my first one but this one is great my renters dont know me I like it that way
I just want to proudly say. I don’t skip the ads. Thanks for the constant guidance!
Thanks so much!!
You are spot on! As a landlord in Bangkok, Thailand, I certainly can relate 😄
🙌🏼
This video is actually hilarious, great insight!
Lord of the lands
Thank you, Sir Isaiah.
Great video, just forwarded this to a young guy (Co-workers son) who is buying his first two-flat. My sister had rentals for decades, I have heard the horror stories first hand. Solid advice Graham! I hope more of the younger generation would watch your videos.
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The add placement is perfection
Why do water heaters always break on Sundays?
They’re designed that way. It’s actually in the original patent.
lilpoindexter or the a/c it only goes out on a holiday weekend or just a weekend and the part is specialty!!!
As a plumber I say...dont look into that
Because tenants are home on the weekends and that is when they notice things. It actually broke on a Tuesday two weeks ago.
I didn't know this was a thing 😳 my water heater caught fire on a Sunday lol
My guy belongs in the BiggerPockets Podcast
Ah thank you! One day!
I'm specifically looking for people who are not selling BiggerPockets. Can't trust anyone who is selling something.
I became a landlord three months ago and I already found that anything that can brake will brake. Thanks for the Great video! Subscribed
You are a billion percent right! I did so many of the things that you said. It must be a business, not a hobby and not a buddy buddy situation.
landlords are nothing more than social parasites... keep on fuckin over the poor and hiking up the already unaffordable rent lol, i mean i guess if you call that a "business"
This is why I'm nervous about getting into rental properties. Tenants can seem cool when you meet them and then they end up destroying your home. Because let's face it... most people dont treat things nicely when they know at the end of the day, it isnt theirs or it doesnt benefit them. So of course they dont care if their kid throws a ball through a glass window.... their landlord will fix it. Etc. I cant imagine having multiple properties and multiple people calling me for stupid things like that. So for that reason I would love to pay a manager however that would also cut into profits and idk I'm just all sorts of anxious and confused by this whole thing
You can’t imagine having to do the one part of your “job” because someone might occasionally break something? Just become a housewife if you don’t like working. All you have to do is collect money but even that’s too much for some whales.
No risk no reward. Everything in life involves risk.
That's why you have tenets leave security deposits to cover those types of damages
@@DoomFinger511 a security deposit is pretty minimal compared to the damages tenants actually create.
@@mizzysparrots4874 depends how well you write your leases and how well you screen.
I hate when people say "treat it like a business". I don't know any businesses that i feel are good role models
How about treating it like an investment with a great tax writeoff.
Really? Never heard of Apple? Amazon? Ford? Etc.
@@widowsson8192 All of those will screw their employees when they need to. I worked for HP. Everyone swore they would never have layoffs..... they had layoffs. A business cares about the CEO's next mansion, and NOTHING else.
Why would you ever expect a business to be a role model? A business cares about the CEO's next mansion, and NOTHING else. If they say they care about customers/employees, it is just to make another dollar for the CEO.
I appreciate your detailed written descriptions, Graham!
you got it, thanks for watching!
Stumbled across your video and you definitely gave me more insight into how I should approach handling my tenant. Thanks buddy.
Watching in 2019 🤘
awesome!
2020
Great tips Graham. I will say I consider myself to be an excellent tenant, but I'm also the tenant that you'll want door stoppers for.
My first rental didn't have them so I bought stick-on ones because I knew I can be inattentive and accidentally swing open doors.
That's a great, cheap way to keep your deposit at the end!
I feel like this is one of the most beneficial investment/ money management Chanel on all of UA-cam. The incredible transparency Graham presents tells you he knows what he’s talking about. Showing the mistakes he has made and ways to correct them is incredible. I found this Chanel through looking for how to build my credit score. I look forward to properly investing my money once my credit score is high enough to get the lowest interest rates on loans.
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So true, baby proof your rental with automatic features! Love it! None of mine ever had a smidgen of common sense!
Hey Graham, great video as usual but I have a question; how do I write up a rental contract? Is there a good online resource? What are your recommendations? Thanks, bud!
Please make a video on 1st investment property tips.
House vs unit, pros / cons.
1st investment property being 200-400k 😊
This!
Great lessons, Graham! It's true that experience is the best teacher. One thing I would like to add up here that is really a HUGE mistake newbie landlords commit is not performing background checks to prospect tenants. This is probably the worst mistake anyone could have. We've heard several stories from landlords wherein their properties got seized due to illegal activities conducted by the tenants in their rental properties. This is due to civil forfeiture, and there is absolutely a way you can prevent this from happening to you.
Landlords, take background checks seriously. Background checks can help you avoid losing any of your assets to those who might be using them for illegal activity.
Thanks for the insight. Love your videos Graham; very informative. Keep up the great work!
Thanks so much!
The cool land lord thing gets you screwed over I've been screwed many times I learned as I went all. Does not work. I'm going to court for damages tomorrow. That the bad side of rentals. I suing the guy. For 5k in damages not fun
Agreed...good luck tomorrow, that's awful.
Phil Rodrigues how did it work out?
SpiritLeash he never showed up today in court which means another date another day wasted
It's still in the court system even if I win tenant is order to pay only 20 bucks a month. Till balance is paid awesome laws in Massachusetts for landlords here landlords are evil I guess
@@philrodrigues9270 How did it go?
Lol "if it can break it will break." From my experience of being a contractor, only people with section 8 mess up the house the most. Do you do a credit check before taking in tenants?
I do! I always do a credit check.
I love the way you put your videos together. Everything is organized. The description has a paragraph for each topic. I like it.
I also like how u actually respond to alot of comments.
Thanks so much! If only people knew just how much time I spend putting all of it together, so many 2am nights lol
Graham Stephan you're welcome! And yeah thats the life of an entrepreneur lol
0 fluff - all real, tactical wisdom. Thanks!!
Thanks!!
How are you able to reply to each and every comment, amazed , just amazed
Lots of time dedicated to doing this 😂
Greatest landlord in the world. It’s a business.
David Wu so true you have to be business first! It doesn't make you a moral, and it doesn't show a lack of compassion. You have to keep things in order and order to continue to survive.
I recently bought a triplex at 18 years old and this video is so helpful!
sooo much wisdom here.... people, be good tenants, and landlords
Thanks so much!!
I have had to force 2 people out ( no evictions, just incentivized exits) in 8 years of renting 4 units. Both times it was only a few months after they became tenants. It made me realize the importance of being careful about who you rent to.
-Ken
Totally, being too careful is never a bad thing!
Thirty sixth? Good call about the bathroom fan.
Works wonders!
This is one of the REALLY good videos. Hardcore advice. Much appreciated.
Thanks so much!
So on point! #4 is the absolute truth!!!
Is it a good idea to add break fees in the agreement? So the chances of breaking our amenities will be less.
I would even add #6 avoid renting to a friend or a family member as it is very difficult / awkward to enforce the contract. When I was younger, I asked a friend if I could rent his basement suite and he declined citing he did not want to harm our friendship. Now I understand why.
Question for Graham, do you recommend hiring a property manager when considering buying and renting out an out of town property?
I'd absolutely hire a property manager if the place is more than about 2 hours away, but I'll make a video on it!
Thanks for the reality check Graham, it definitely helps us who are interested in owning rental properties have a better idea of what to expect.
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I own a rental property too. You are totally on point with these five.
There view: why care about a place I will never own.
Your view: you will care or it w come out of body your deposit... enough said.
Gary Vee ad be like, 'I see you've watching Graham, you won't escape me😈.'
Mate with mold in the bathroom, paint the ceiling and walls with oil based ( enamel ) paint and you can add a non mold additive to the paint, but cover the walls and floor with drop sheets and use lung skin and eye protection
“Grown Ass Adults” 😂
Appreciate the honest content. 👍
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Graham: *literally sits back and collects rent*
classic social parasite
Perfect timing for this video I’m 2 weeks out from completing renovations on my first property. Before this video I had already put the fans in the bathrooms on one switch with the lights for that reason haha
There we go!!
You are a respectful person, unfortunately thats rare at any age anymore. Thanks for sharing the experiences, encouragement and tips :) Im so screwed lol.
Hard to do this on the freeway
Yeah....don't comment first and drive
Rubi Masias
😂 don’t text and drive
Don't drive while live. Park your Beamer before you streamer. Unless it's on my channel I need to Subs that bad! Just kidding be safe out there
Hey Graham.
Hey Michele!
I feel confident in being landlord as after watching this because most of the things he brought up. I've dealt with in my 4 years of being a Maintenance Technician at a Apartment complex.
Just turned 18. Ive been researching real estate for some time and it really interests me. Going to save some money, get my real estate license, and start down this path! Appreciate all your content!
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Graham, I just want you to know that I really appreciate your videos! I find them really helpful and they are going to better prepare me for the future because I also want to own multiple investment properties one day. Just wanted to leave a genuine thank you for making such awesome content on such a consistent basis :)
Keep it up my man 👍
Hey thanks so much!!
I have family that owns an office building near LA in California. A "legitimate company" rented the place, forged (many) signatures for various things, and set up an elaborate growing facility.
They knocked down nearly every wall and dug into the foundation to hold large barrels. Heavily modified and renovated the entire unit to better suit their operation.
They paid rent on time and gave absolutely no big issues. As such, they were left alone until police broke in and-heavily-questioned the owner of the building. They said it had been the most sophisticated they had ever seen.
Tens of thousands of dollars of damage to the unit later....
That’s ridiculous! Wow.
They did nothing wrong, it's their place for living and that's all that matters.
This is a great video. You gave me a lot of great quality advice. Thank you for your video!
Thanks for such an informational channel Graham, I definitely learn a ton from you! :)
I am 18 years old and I'm stating to take my first couple steps to get my first property (saving money, building credit, reading, watching videos...). I live in Canada and I want to attend any sort of real estate/investing meetup, where should I look?
Canada is tough to invest in. Move south broski.
Try Maine or New Hampshire.