Property Profits Real Estate Podcast

David Richter is an active real estate investor who has been essential in closing over 850 deals which include wholesale, turnkey, BRRRR, owner finance, rentals, lease options, and any other exit strategy you can think of. He is the author of Profit First for Real Estate Investing.
In this episode, David helps real estate investors transform their real estate investing business in how they view their finances and bring them true financial clarity and freedom.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode: 
Find out where most real estate entrepreneurs get messed up and how the Profit First book can help them with that
Learn how the Profit First Real Estate Investing book enables you to get a clear outline of your gross and net profit
Discover why you need to set up the Profit First system no matter where you are in your deals right now
Resources/Links: 
Get your Profit First for Real Estate Investing book. Click here: https://simplecfosolutions.com/profit-first-david-richter/
Topics Covered: 
01:57 - How he got inspiration reading the original Profit First book to writing his own Profit First for Real Estate Investing book
05:33 - Where do investors usually find themselves in trouble, and how does the Profit First book help on this
10:46 - A matter of mindset shift
12:23 - The tangible benefit of getting a clear idea of your gross and net profit
Key Takeaways:
"The biggest thing I see is that the mistake of avoiding finances. Really comes down to lack of control. That's where Profit First, I feel like how does that fix that not only helps you to focus on it, but it helps you focus on your finances from your perspective, from the entrepreneur, because we check our bank accounts. And Profit First is all about bank accounts. It's all about the practical steps, I should say." - David Richter
"It is all about that mindset shift from paying everyone else first besides yourself. That's why I like the practical steps because we hear it so often from so many different sources to pay yourself first. But then, until you start getting into that habit and seeing the tangible benefits of doing that, it's hard for that mindset to sink in. Unless you can totally see the goal line." - David Richter
"Many people, when they think they're savvy, and they can read the financial statements, and they can do this, in that there's a big difference between the financial statements like a profit and loss and the actual cash going in and out of the accounts, especially in the real estate investing world because we deal with loans." - David Richter
Connect with David Richter:
Website: https://simplecfosolutions.com/profit-first-david-richter/
Connect with Dave Dubeau: 
Podcast: http://www.propertyprofitspodcast.com/ 
Website: https://davedubeau.com/home 
Investor Attraction Workshop: http://www.investorattractionworkshop.com/ 
Facebook: https://www.facebook.com/thedavedubeau 
LinkedIn: http://linkedin.com/in/davedubeau 
Enjoyed the Podcast? 
Please subscribe on iTunes for updates

Thomas Castelli has his area of focus in Tax Planning Real Estate, and he owns an 82-unit apartment building. He got his education in BS in Accounting at Farmingdale State College. He is a CPA and a Certified Real Estate Financial Modeler. He previously worked with BDO.
In this episode, Thomas lets you understand why at the onset of your real estate investing journey it’s best to set up your accounting system and get help from a service company like his to deal with the nuances of the tax side of the business so you minimize your tax liabilities.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode: 
Learn about what you should set up in a place as you start out in your real estate investing to avoid overpaying taxes
Find out a resource where people just starting out can get foundational knowledge and strategies for minimizing tax liability for a low cost
Learn about some mistakes investors make in their real estate investing business so you won’t miss out on anything that will help lower your tax liability
Resources/Links: 
Exclusive access to reliable tax advice that will save you thousands in taxes, click here: https://taxsmartinvestors.com/
Topics Covered: 
00:45 - Backstory of how his Real Estate CPA business came to be
02:47 - Accountants but also active investors
03:26 - People are missing out when they newly start
04:54 - Accounting software you can easily set up
05:53 - Where else are investors messing up with their taxes
07:05 - Differentiating an S corporation from a C Corporation
09:43 - Which investors do they work best with
11:08 - Other services they provide to lessen your tax liability
12:40 - How they help international clients, those in the US, or buying properties in the US
14:49 - Working with investors all across the board
15:24 - Free events coming up next year
Key Takeaways: 
“The foremost thing you should do when you're starting out, make sure you have an accounting system in place to make sure you're tracking your income and expenses and not missing out on any of the more basic deductions you could be taking. That's the first step and that's the first thing I see a lot of people missing.” - Thomas Castelli
“We found that we typically work best with clients to whom we can add the most value who have already got their engine going. And what I mean by that is that you already have a handful of properties and you're really ready to scale.” - Thomas Castelli
“If anybody wants to check it out, taxsmartinvestors.com, basically, that's our service for people who are just getting started. We provide a lot of the foundational strategies and a lot of the foundational knowledge through that platform at a relatively low cost compared to what you would get by actually working with the one-on-one with a CPA.” - Thomas Castelli
Connect with Thomas Castelli: 
Website: https://www.therealestatecpa.com/
Podcast: https://www.therealestatecpa.com/podcasts
Connect with Dave Dubeau: 
Podcast: http://www.propertyprofitspodcast.com/ 
Website: https://davedubeau.com/home 
Investor Attraction Workshop: http://www.investorattractionworkshop.com/ 
Facebook: https://www.facebook.com/thedavedubeau 
LinkedIn: http://linkedin.com/in/davedubeau 
Enjoyed the Podcast? 
Please subscribe on iTunes for updates

Marc Bushee epitomizes integrity, hard work, energy, and creative problem-solving in every detail of his Real Estate transactions. Marc was born and raised in the Fargo/Moorhead area. Starting his real estate career in 2009, he has built a successful business working with buyers, sellers, land development, new construction, and investors.
 
In this episode, Marc shares how he got started in real estate by diving into it with both feet. He found ways to get close and obtain as much knowledge and expertise from the experts in the real estate industry and build his portfolio by starting with flipping and now shifting to what he currently focuses on -- storage facilities.
 
What you'll learn in just 17 minutes from today's episode:
Find out an investment portfolio that works as flipping but is a better idea than that
Discover a strategy he took to get the tools, knowledge, and expertise to become a smart real estate investor
Find out another investment strategy that is simplified, easier to manage and maintain but earns good profits just the same
 
Resource:
Website: https://www.jkpropertypartners.com/
 
 
Topics Covered:
 
00:59 - How he got interested in real estate
01:55 - Which property deals did he start out with
02:26 - His idea of flipping at the time he started
03:55 - From realtor to investor
05:11 - What appealed to him about this investment portfolio
05:53 - Added more facilities to the portfolio
06:12 - The market he is focusing on now
06:36 - Market fundamentals in the area that make it an excellent place to invest in
07:22 - No big swings for him just something steady
08:17 - Big benefits for investing in storage facilities
09:19 - Why choose storage facilities over apartments
10:44 - How are storage facilities recession-resistant
11:34 - Comparing the amount of rent per square footage of storage facility versus the rent for the whole apartment
11:58 - Lower overhead costs
12:55 - What's his main advantage over other investors
 
Key Takeaways:
 
"My idea was to get into an office [brokerage] where there were experts all around me, and so anything I wanted to learn or have questions about, I could just literally godown the hall, I could just go talk to an expert in the region. I got to learn there, the market very well." - Marc Bushee
 
"One of the big appealing factors for us about storage facilities is that they're easier to manage, they're easier to maintain. And they're just, it's just more simplified." - Marc Bushee
 
"From a property management standpoint, [storage facilities] it just simplifies everything, having one central location. I've kind of transferred over most of my property management to other people. It's not always easy to find property managers that want to have 10,15, 20, 30 houses all over town. It's so much easier to have just one site like that." - Marc Bushee
 
"I can't see where you can go wrong with it [real estate]. There's so much to it as far as like the income itself, there's the wealth-building aspect of your asset appreciating. Ideally, someone's paying off your mortgage, and you're leveraging money, leveraging time." - Marc Bushee
 
"Is it for everyone to be directly involved in it [real estate]? You can be as active and hands-on as you want, or you can be very passive and invest with partners and invest with other people." - Marc Bushee
 
Connect with Marc Bushee:
 
Website: https://www.jkpropertypartners.com/
 
Connect with Dave Dubeau:
 
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

Christy Duckett is an Award Winning Real Estate Coach and 10+ years of investing in real estate located in Columbia, Southern Carolina. Experienced in Investing in Flipping, Wholesaling, Passive Income, Mobile Homes, Short-Term Rentals, and a Master of balancing the chaotic life of family and business.
In this episode, Christy shares the pros and cons of investing in mobile homes, and her strategies for making this portfolio earn much for her passively.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode: 
Find out an investment strategy that you can do for a lot less amount of money, but lets you earn more passively
Learn how she got her first mobile home deal almost for free
Discover two mobile home investment strategies that allow a lot less competition, rehabbing, and permitting but let you earn good profits 
Resources/Links: 
Website: https://christyduckett.mykajabi.com/
Topics Covered: 
00:53 - How she got into mobile home investing
01:58 - The main influence on her mobile home investing
02:33 - Her first mobile home deal that still exists to this day
03:39 - A mobile home deal she got for almost nothing
04:50 - Two strategies she uses when it comes to her mobile homes
06:22 - The average rent she's getting from her mobile home rentals
07:58 - How she does her rental price to make it more appealing
08:42 - The pros and cons of investing in mobile homes
09:29 - Why do you need to have a contract in place
10:24 - Sharing marketing tips to find motivated sellers
11:30 - Owner financing versus long-term buy and hold
12:30 - Length of time to finance mobile home properties
14:16 - An overview of what she would be covering in her webinar presentation on 9th December 
Key Takeaways: 
"I kind of thought, well, this is cool. It's something you can get into for a lot less money. But then also at the same time, it allows you to really create passive income, flip them, and wholesale. Every strategy I was already doing really applied to mobile homes." - Christy Duckett
"Like everything, there are pros and cons. If you're buying in a park, I think the biggest con can be the park management and the park owner. And the biggest pro can be the manager and the owner if you play that right. I think it's really building rapport and a great relationship with them, really making it a win-win and letting them know you're in it to help them that you're going to get them guaranteed lot rent." - Christy Duckett
"A lot of the marketing that I was using for single-family homes I use a lot for mobile homes so I found bandit signs, and a lot of times, if it's in a park, just talking to the owner, or manager because they can become a huge pipeline lead." - Christy Duckett
Connect with Christy Duckett:
Website: https://christyduckett.mykajabi.com/
Connect with Dave Dubeau: 
Podcast: http://www.propertyprofitspodcast.com/ 
Website: https://davedubeau.com/home 
Investor Attraction Workshop: http://www.investorattractionworkshop.com/ 
Facebook: https://www.facebook.com/thedavedubeau 
LinkedIn: http://linkedin.com/in/davedubeau 
Enjoyed the Podcast? 
Please subscribe on iTunes for updates

Zach Weaver is currently the President of Great Lakes Real Estate Investors Association, LLC, a privately held firm headquartered in Independence, Ohio… just a short commute from downtown Cleveland. The company was founded in 2011 with the belief that through Knowledge, Action, and Networking, Real Estate Investors in Northeast Ohio can attain greater levels of success. Additionally, we believe strongly that there is strength in numbers. Through coordinated efforts, they make a positive impact on Real Estate Investment activities in Ohio and across the nation.
 
They bring together business-minded Real Estate Investing professionals who meet regularly to share information, leads & contacts, and help one another further their realty investing career. Together, they create and deliver a roadmap to success.
 
Great Lakes REIA is not your typical association. Talented, driven, principled and success-oriented people passionate about this business have come together simply because they are motivated to help others achieve their highest levels of success. Whether working with investors new to the business or seasoned professionals, their members start seeing the benefits of this organization immediately. They believe that there is no substitute for hard work.
 
In this episode, Zach talks about everything about Great Lakes REIA -- what it stands for, the enormous benefits you get out of being a part of the organization, and the support it provides its members, so you become successful in the real estate space you choose to be in.
 
Checkout: REAL ESTATE CLUB/ASSOCIATION SPOTLIGHT:  http://greatlakesreia.com/
 
What you'll learn in just 17 minutes from today's episode:
 
Find out the primary focus Great Lakes REIA is investing in and the kind of support they provide for their members
Discover the big benefits of being an active member versus just a passive one with associations like REIA
Learn about one Great Lakes member success story, so you get inspired and take action even when starting from zero
Key Takeaways:
 
"Until someone's taught you, the cities aren't going to sit there and teach you all the ins and outs of their processes. That's what the REIA really has done -- it teaches us how to be successful in the environment that we're in." - Zach Weaver
 
"You need the education to be an engineer or a doctor or lawyer. The same is true in real estate. To be able to be successful here, you need an education. The sophisticated investor has a leg up on everybody else. They know the ins and outs, which can save them money, and the REIA really provides that, whether through the education side or the networking. I can't tell you how much money I've saved through the networking within our organization." - Zach Weaver
 
"When you join the REIA, all the contractors are members. You got your whole team there. When you join, you've got real estate agents in there. You've got accountants, you've got lawyers, and you got contractors, so a lot of that stuff's there. "- Zach Weaver
 
"The networking, it's huge. You go there to get the education at some point, you've kind of gotten all that education, and now you're transitioning more to the networking side of the people you meet, and deals just flow from knowing people that are in the business and that are doing deals and the more you're participating, you're active, you're seen as a leader." - Zach Weaver
 
Connect with Zach Weaver / Great Lakes REIA:
 
Website: http://greatlakesreia.com/
 
Connect with Dave Dubeau:
 
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau

What you will learn from today's episode:
 
Find out an investment strategy that can weather down any economic or market downturns
Learn about what economic fundamentals you should consider in choosing the market you invest in   
Discover strategies to prepare properly, give your business a good cushion, and have a reserve fund for any market reversals 
 
Resource:
 
Website: https://comfortlivingproperties.com/
 
Summary:
 
Demetri Boundris is a passionate professional real estate investor, realtor, and entrepreneur. He thrives on helping others achieve their goals by investing in real estate. He has invested in real estate for 14 years in areas that exhibit excellent economic fundamentals. With his knowledge and experience, he has acquired properties that provide exceptional returns on investment capital.
 
In this episode, Demetri shares how investing in commercial multifamily properties allowed him a buffer from any economic losses and how anyone can get involved in real estate investing by becoming an active or passive investor. And with that, whichever way you do it, you can still expect something great to happen in your life.
Topics Covered:
 
01:00 - Sharing his background in real estate investing
02:03 - The type of commercial real estate that he has invested in
02:54 - What ignited his interest in real estate at an early stage in his life
04:33 - Why he is engaging in bigger deals
05:57 - Reasons why he is dealing with multifamily investing
07:11 - His latest BRRRR property
08:24 - What kind of property was his five-plex when he acquired it?
10:09 - How long is the turnaround for his recent BRRRR property
11:31 - His market preference for his BRRRR properties and why he has a good reason to invest there
12:55 - Preparing for the bad times
14:27 - What sets him apart from other investors and the creative ways you can create more income
17:30 - Lessons learned from his real estate investing journey
18:39 - Is real estate investing for everyone, and what are the two ways you can be investing in real estate
 
Key Takeaways:
 
"The main reason why I invested in real estate was basically for time and to have some options in my life. By making some extra cash flow and having some financial freedom down the road from real estate, I could do what I want with my time." - Demetri Boundris
 
"It [multifamily commercial properties] produces a little bit more cash flow as well like economies of scale so the more units, generally, really do that. That's one of the reasons why I do like it." - Demetri Boundris
 
"[His unfair advantage] I think it's finding creative ways to generate more income and properties that some others don't see, like, adding lockers, renting a garage on the property that someone didn't see the opportunity to do, and adding a laundry room." - Demetri Boundris
 
"Don't pass up on a good deal." - Demetri Boundris
 
"I don't think it's [real estate investing] for everybody, certainly being an active realtor. But I do think that to some degree, real estate investing can be for everybody. Some people may just want to do it passively. They just want to invest the money and let somebody else take care of everything else, but it certainly can do a lot for someone's life." - Demetri Boundris
 
Connect with Demetri Boundris:
 
Website: https://comfortlivingproperties.com/
LinkedIn: https://www.linkedin.com/in/demetri-boundris-c-e-t-me-b22004158/
 
Connect with Dave Dubeau:
 
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

Jonathan Farber achieved financial freedom at 27. He left his corporate enterprise technology sales job to focus on traditional rentals, short-term rentals, Airbnb arbitrage, and wholesaling podcasting, and course creation. He leads a mastermind group of people looking to start real estate investing. He started with house hacking from 21-25 and then started buying traditional rentals and short-term rentals with creative acquisition and financing strategies. Jonathan has done this by using virtual assistants, systems, and a few close team members.
In this episode, Jonathan shares how things become more efficient and productive for him as he takes advantage of outsourcing tasks he doesn't like doing, are repetitive and is not good at. 
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode: 
Find out how you can be more productive and grow more your real estate business by leveraging virtual assistants
Learn how you can start outsourcing to virtual assistants and free yourself of repetitive tasks and focus more on the essential things in your business
Discover resources you can hire VAs for without costing you much
Resources/Links: 
Website: https://jonfarber.co/
Topics Covered: 
01:52 - How has his real estate business benefited from having VAs around
02:32 - What is this 'root cause analysis' about
03:26 - His system for productivity
08:06 - Why outsource to a virtual assistant
10:23 - What more can you gain advantage from having virtual assistants
15:59 - Something you can start outsourcing 
Key Takeaways: 
"I think the mantra with VA is that 80% of something is better than 100% of nothing. It's like an overused, trite expression. But so true. We're all perfectionists. And what I think about with a lot of activities is root cause analysis, like why am I not doing the thing that I want to do?" - Jonathan Farber
"I would say my system for productivity is a combination of like EOS, Traction, one thing, these are all books, but you know, just for me, like identifying what were the pieces that I like doing, that I'm good at doing? And then what are the things that I don't like doing and I'm not good at doing." - Jonathan Farber
"I think there's really only three things that can't be outsourced, which are taking care of your body, making goals, and creating relationships. Other than that, I feel like almost everything tactically can be outsourced." - Jonathan Farber
"I think the absolute easiest way is getting a logo done. I think for a lot of people, it'll open up the mind to the possibility of outsourcing something that in our heads would think is very, may be expensive or difficult." - Jonathan Farber
Connect with Jonathan Farber: 
Website: https://jonfarber.co/
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group on Real Estate Mentorship Mastermind:https://www.facebook.com/groups/860025821084224/
Biggerpockets: https://www.biggerpockets.com/users/jonathanf29
Podcast Systems University Course: https://jonjfarber.clickfunnels.com/opt-in1613585347289
Connect with Dave Dubeau: 
Podcast: http://www.propertyprofitspodcast.com/ 
Website: https://davedubeau.com/home 
Investor Attraction Workshop: http://www.investorattractionworkshop.com/ 
Facebook: https://www.facebook.com/thedavedubeau 
LinkedIn: http://linkedin.com/in/davedubeau 
Enjoyed the Podcast? 
Please subscribe on iTunes for updates

George Grombacher is the president of Money Alignment Academy and the host of the Lifeblood podcast. He's working to help people get better at money so they can live how they want.
In this episode, George talks about what most people’s limiting beliefs about money are, how to become aware of it, and the steps you can do to overcome it. He also shares about handling debt as this is what most people are stuck with that prevents them from being financially secure and prosperous. He also doubles down on the importance of having a budget as this helps you in forecasting for properties to buy where your real estate business is concerned. He also talks about what his Money Alignment Academy is all about and what’s in it for you.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode: 
Find out how to know if you are going through a negative money mindset so you become aware and take action in the right direction
Discover about the process of overcoming scarcity mindset so you create abundance and become a successful real estate investor
Find out how to be financially secure in six months so you end up getting financially prosperous
Resources/Links: 
Website: https://moneyalignmentacademy.com/ 
Topics Covered: 
01:04 - The negative money mindset most people have
02:29 - What you can do to turn around that limiting money belief
04:29 - How to know if you are suffering from a negative money mindset
05:11 - Managing debts, getting out of it, and become financially prosperous
08:10 - Key points you need to remember about having debts
09:27 - Why have a budget
10:28 - What a budget is in a nutshell
11:29 - A budget guide you can consider
12:46 - Why more budget percentage on wants than savings
14:15 - Talking about Money Alignment Academy -- what’s it all about
Key Takeaways: 
“How do I know if I'm suffering from that? I think that if you are plateaued,  you sort of go along doing the same thing, and foods are kind of bland to you. You're just not taking steps up. Or if you feel like you're in a rut, then I bet that you have some kind of negative belief about money or some kind of a negative limiting script running in your head.” - George Grombacher
“Once you recognize if you do have some kind of a limiting or negative belief about money, well, then it's just a matter of starting to dig into why it is that I think that and it's probably not a rational thing. Once you become mindful of it, then you can actually start to be logical about it and say, “I'm feeling this way, but I'm not going to act on that, or I'm going to choose to act in this fashion.” - George Grombacher
“When we get into debt -- credit card, that's when we stop living, and you start surviving because you get to service debt.”  - George Grombacher
“I want everybody to be rich, I want everybody to have financial prosperity, but you can never get financial prosperity unless you have financial security. And that six months will get you there. So get out of credit card debt.” - George Grombacher
“I don't have any negative opinion about debt, like taking out a loan to buy real estate. I think that's awesome. Do that. But you and I both know that  consumer debt is just crushing, and it stops you from becoming successful.”- George Grombacher
“There's no certainty in the world, we just don't know what's going to happen next. But that really positions you and it gives you a little bit of certainty at least looking backward. And you are more in charge of your cash flow when you have a budget.” - George Grombacher
Connect with George Grombacher: 
Website: https://moneyalignmentacademy.com/
Podcast: https://moneyalignmentacademy.com/lifebloodpodcast/
Twitter: https://twitter.com/glgrombacher
Linkedin: https://www.linkedin.com/in/georgegrombacher/
Facebook: https://www.facebook.com/GLGrombacher/
Connect with Dave Dubeau: 
Podcast: http://www.propertyprofitspodcast.com/ 
Website: https://davedubeau.com/home 
Investor Attraction Workshop: http://www.investorattractionworkshop.com/ 
Facebook: https://www.facebook.com/thedavedubeau 
LinkedIn: http://linkedin.com/in/davedubeau 
Enjoyed the Podcast? 
Please subscribe on iTunes for updates

Have you heard about rental cottages and how it's creating a buzz in the real estate business?
Are you interested to know how to go about these investment strategies and cash flow strongly even during off-peak season?
How about learning all the tips and tricks about expense management, as these are critical to running your rental cottage business?
These and more on the Free Flow Friday on the Property Profits Podcast. We have our guest presenter to share everything about that.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn from today’s episode:
Learn about one of the best tools to use to accelerate growth in your cottage rental business
Find out how to keep massive cash flows and get top dollars from rental cottages
Discover how to turn those rental cottages into Instagram-worthy experiences for renters to want them for possible bookings with you
Resources/Links:
Website: https://www.simplyparadisefr.com/
Topics Covered:
03:14 - Talking about the cottage rental business, how we got into it, and of the deals he did
03:56 - What a 'Vendor Takeback' mortgage is
06:16 - Taking advantage of an opportunity that presented itself
08:29 - One great strategy and tool when buying rental cottages
10:07 - A great way to add value to a property
13:05 - Where and how to get renters and fill vacancies for your rental cottages
14:16 - Other things that have become effective in running rental cottages
14:41 - How offseason marketing looks like
17:33 - Challenges encountered during COVID and how it turned around
20:52 - Tips and tricks around expense management
27:04 - Where Kyle's focus is on the whole rental cottage business
28:56 - Recalling how rental cottages was just a lifestyle investment which turned out into a primary source of income
Key Takeaways:
"Great tool for you to use when you're negotiating on buying cottages. It can be an emotional experience for the family to be selling the property. We negotiated a one-year close. So we're going to make the offer today at a greater price, put the deposit down today. And the way we positioned that wasn't, 'Hey, we're not ready to buy it right now.' It gives the whole family one last summer; every kid gets a week at the cottage. Everyone gets a chance to say goodbye to it. And then we'll be closed in the following year. It worked out really well. They went for it right away." - Kyle Ford
"Airbnb is a great tool. It's one of the core calendars that we use in our business; the actual format and layout of Airbnb are fantastic. It's a great way to fill our vacancies. But the bulk of what we do is actually on Facebook. We rent to people who don't even know that they're looking for cottages. So Chelsea will post in buy and sell groups, Facebook marketplace, just pictures of our cottage and we get a ton of bookings through that." - Kyle Ford
"Here are some tips and tricks around expense management. Our businesses are basically all Google Drive now, links really well, shares on email. We use a Google Sheet to communicate with our maintenance people. At the point right now we have a full-time guest experience manager that does all the front end of the business, and my fiance' does all the sales." - Kyle Ford
"We run our cleaning in-house now where we have our own staff cleaners, as well. Generally, that's not going to make sense for you until you hit about the five-property range. Until then, work and hire with a reputable cleaner or cleaning company and pay them well. Do not nickel and dime these cleaners, especially if you're not local to the property. These people can be your holy grail." - Kyle Ford
"Put professional cottage check-in instructions, the FAQs. Some things might seem obvious to you. But if you've never been there, you don't necessarily know we have people traveling from abroad who don't speak English. So when they're coming to this new country, a new cottage, they don't necessarily know everything. Now translating these things can be harder. But giving them as much information as possible is going to make your life easier from a management perspective." - Kyle Ford
Connect with Kyle Ford:
Website: https://www.simplyparadisefr.com/
Connect with Dave Dubeau: 
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
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Mandy Branham is an inspired investor with a global vision to impact housing in the world. She's passionate about changing the trajectory of every person’s financial future with real estate as the vehicle for generational legacy. Mandy is the recipient of REIN Canada's 2019 JV of the Year showcasing the emphasis she has on Value-Based Partnerships as a mode of constantly expanding her business on all levels. 
In this episode, Brandy shares what makes her tick as a JV queen that we can all learn from so we can have joint venture partners one after another with them looking after us rather than the other way around.  
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode: 
Discover tips in getting joint venture partners that reach out to you rather than you going after them 
Learn the important things to know in the Joint Venture agreement so that expectations are met, roles and responsibilities are clearly stated and agreed upon
Find out which avenues to go to so you find opportunities for your joint partnerships 
Resources/Links: 
Website: https://mandybranham.com/ 
Topics Covered: 
00:37 - How she got the title as the JV queen 
04:40 - Making people reach out to her for joint venture deals 
06:15 - Options you have to be able to buy the deals you want  
07:11 - Why show up in real estate investment clubs 
09:24 - How to let people know what you’re good at 
10:53 - Mistakes committed when doing joint ventures and joint venture agreement 
13:50 - What her JVs look like  
15:21 - Important things to keep in mind in JV agreements 
18:34 - Valuing transparency 
20:40 - Minimum maintenance reserve fund to be maintained 
23:16 - Talking about ‘escape clause’ in the JV agreement 
Key Takeaways: 
“Tip number one, in the joint venture world, it doesn't just happen when you talk to one person, you get one joint venture, you have to talk to 10 to get one, so we were talking to a lot of people. We had a lot of those people fizzle away. But we started to attract a lot of people that did like the conversations that we were having and did like the people that we were becoming.” - Mandy Branham 
 “I started to fish in a pond that I knew was fish. I was going to networking groups. So in this time of virtual and digital networking, I want you to go where there are other like-minded investors.  I want you to be going to like-minded sites with people who are talking, thinking about investing.” - Mandy Branham 
“It started out with a deal that had to be so good that I was willing to put my own name on it. And so people kind of got that confidence level of ‘Well, if Mandy's willing to put her money on it, then I'm willing to put my money on a deal that I know.” - Mandy Branham 
“How we hold the asset in the joint venture is one of the important factors that people need to understand. Another thing to really understand is the exit strategy for the joint venture to be able to go in and that's identified in the joint venture agreement, this is a five-year buy and hold. This is a three-year flip, or this is a three-year buy-and-hold. And so nobody is shocked and shaken when five years comes up.” - Mandy Branham 
“The other thing really, really, really big in a joint venture agreement is to identify very clearly, whose roles and responsibilities are.” - Mandy Branham 
Connect with Mandy Branham: 
Website: https://mandybranham.com/
Instagram: https://www.instagram.com/j_v_queen/
Facebook: https://m.facebook.com/solutionsdrivenpropertygroup/
LinkedIn: https://ca.linkedin.com/in/mandy-branham
Google Business Page: https://g.page/mandy-brahnam?share 
Connect with Dave Dubeau: 
Podcast: http://www.propertyprofitspodcast.com/ 
Website: https://davedubeau.com/home 
Investor Attraction Workshop: http://www.investorattractionworkshop.com/ 
Facebook: https://www.facebook.com/thedavedubeau 
LinkedIn: http://linkedin.com/in/davedubeau 
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