Flipping America 428, Tenant Nightmares

Oct. 31, 2020

Ghosts, goblins, hauntings, and things that go bump in the night. These can be frightening but they are mostly in your imagination. Reality is often more terrifying. And few things strike more fear into the heart than the prospect of becoming (dramatic sound effect) a landlord. Join us this Halloween day - if you dare - on a journey we call “Tenant Nightmares!”

Hello America and thanks for joining us this fine Halloween day. The moon will be full tonight and it’s the first time since 1942 we’ve had a full moon on Halloween day. I hope you have your social distancing trick or treat protocols in place, candy ready for the neighborhood kids. And if you live far enough north, maybe a fire crackling in the fireplace as you settle down to listen to this episode of the Flipping America show. 

What can be scary about tenants is the fact that your money is at risk due to factors largely beyond your control. Tenants do some of the strangest things and frankly some of them can be remarkably destructive. This isn’t usually the case of course, but it happens just enough to make this venture frightening. Mark Dolfini is joining us in a few minutes and together we are going to share some of the scary stories from our experience, what we learned from them, and perhaps a few things that can spare you the anxiety, terror, and revulsion we experienced. 

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

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Call our National Comment Line: 877-55-ROGER (877-557-6437)   ext 1. Leave your message or your question. 

Email your questions to [email protected]. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind. 

Sponsors

American IRA: www.americanIRA.com

The Flipping America Buyers Club bit.ly/flippingamericabuyersclub

Announcements:

• The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.  
• Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
• FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities . 
• “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.

News

• Interesting connection between COVID-19 and interest rates for 2021.  https://www.housingwire.com/videos/this-is-how-logan-mohtashami-believes-mortgage-rates-will-behave-in-2021/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_medium=email&_hsmi=98407997&_hsenc=p2ANqtz-8XzFJ30MQA6C-Uqjxii2DkNtQuf5NiHcKAdsaQtlqjWgwGTRrlEwKxHWSLUfatTdArik5uZcNNJNBgqJIrLvKad8rnKNzTeovSCVtjFgtposU-57Q&utm_content=98407997&utm_source=hs_email

Questions

• Pamela, Oklahoma City, “What do you see happening in the housing market in 2021?”
• Hannah, Waukesha, WI, “I understand the 1% rule. What other factors do you consider when buying a rental property?”

Motivational Quote:

“Don’t wait to buy real estate. Buy real estate and wait.” Will Rogers