619: BiggerNews June: Why "DIY Landlords" Will Win in a Recession
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 7 June 2022
⏱️ 65 minutes
🧾️ Download transcript
Summary
What do DIY landlording and inflation have to do with each other? Surprisingly, much more than you would think. As the year progresses and the housing market stays hot, more real estate investors are having trouble finding cash-flowing deals. At the same time, the tenants in those properties are seeing the price of their gas, groceries, and rent shoot up. Are tenants going to be left with enough money to pay rent every month? And if not, what will everyday landlords do to keep their properties?
These questions are best left to someone who not only has experience owning and managing rental properties but helping others do the same. Laurence Jankelow, co-founder of Avail, one of the leading property management software picks, is here to talk about the future of the DIY landlord, especially in 2022. Laurence has seen the trends on who’s increasing rent, who’s not, and how many cash-flowing deals are on the table.
Laurence, David, and Dave all take time to debate what the next year will look like for landlords and renters alike. If there is a recession around the corner, how can investors keep themselves in a strong position? What is the first expense new landlords should cut if their cash flow starts to dwindle? And what real estate trends are we seeing in today’s market that you can get ahead of? All these questions (and more) are answered in this month’s BiggerNews episode!
In This Episode We Cover:
Are we heading towards a recession, and if so, how do we prepare?
How software like Avail has made “DIY Landlording” the standard for new investors
The biggest challenges investors will face in 2022 and how to combat them
How would a recession affect the housing market (even as demand is high)
The best money-saving tips for DIY landlords and real estate investors
Inflation’s effect on asset prices and pivoting in your investing strategy
And So Much More!
Links from the Show
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
Check Out the “On The Market” Interview with J Scott
6 Things You’ll Need When Getting Into DIY Landlording
Start Landlording Smarter with Avail
Book Mentioned in the Show
Rich Dad Poor Dad by Robert Kiyosaki
Connect with Laurence:
Laurence's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-619
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:00.0 | This is the Bigger Pogas Podcast Show 619. |
| 0:04.6 | I think we might end this in another prediction and I'm not an economist, but this is just my own personal belief. |
| 0:09.6 | I think there's a decent chance we'd go through a period of stagnation. |
| 0:13.8 | So normally you'd raise interest rates to stop inflation, but I think in this case, |
| 0:19.4 | inflation's going to keep going up, which makes affordability and cost of living also go up, |
| 0:24.9 | but everyone, it's less affordable, so we might hit every session even though there's tremendous |
| 0:30.2 | growth in prices and that could cause a creative stagnation. So you could see some spiraling out of |
| 0:35.2 | control in this way. What's going on everyone? This is David Green, your host of the Bigger Pogas |
| 0:39.2 | Real Estate Podcast, the best real estate investing podcast bar none. Today, my co-host Dave Mayer and |
| 0:45.2 | I will be interviewing Lawrence Jankalow, the co-founder of a Vale and the VP of Rental's at |
| 0:51.2 | Realtor.com. Lawrence is passionate about helping landlords do their jobs better and make more |
| 0:57.5 | money in real estate. And Dave and I have a fascinating interview with him where he shares how he |
| 1:02.0 | uses technology to help do a better job with investing in real estate, which areas he invests |
| 1:07.0 | and which asset classes he likes. We get into some really good stuff. Dave, what were some of your |
| 1:10.7 | favorite parts of today's show? I think Lawrence provides some really practical, tactical advice on how |
| 1:17.8 | to be a better property manager, particularly in an uncertain economy, which we're seeing right now. |
| 1:24.4 | But a lot of people talk about property management, whether you should cell phone or if you should |
| 1:31.2 | hire a professional property management company, but don't talk about the actual logistics, |
| 1:35.6 | nuts and bolts of what you should be doing, particularly as a new property manager. I know I had |
| 1:41.5 | a lot of very embarrassing and painful lessons when I was first self-managing and I think he gave |
| 1:47.7 | some great advice on how to avoid some of those common pitfalls. Yeah, that's a very good point. |
| 1:51.6 | We got pretty deep into what to look for in a tenant, what to avoid, how important choosing |
... |
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