652: Landlord Lowdown: 2022 Market Questions Answered from 4 Expert Perspectives

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 23 August 2022

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

You may already be a landlord, or you might still be searching for your first rental property. How should you go about finding a winner? What’s the best real estate market to invest in and how do you make the most money while having the least amount of stress? Only experienced landlords know how to answer these questions. They’ve bought dozens of houses, dealt with numerous tenants, and been through trial and error, so you don’t have to. And that’s exactly what this episode is all about. Ashley Kehr, host of the Real Estate Rookie Podcast, and Craig Curelop, author of The House Hacking Strategy, are here to answer common landlording FAQs. Both Ashley and Craig have had so much interest in their individual endeavors that they’re now hosting the BiggerPockets Bootcamps! Ashley’s will teach you about buying (and managing) your first property the right way, while Craig’s house hacking bootcamp will give you everything you need to buy your first house hack property in just ten weeks! Along with real estate regulars David Greene and Rob Abasolo, Ashley and Craig will be touching on some hot topics in today’s episodes. Topics like when to give rent credits to tenants, pros and cons of renting by the room, the first steps to take after getting a property under contract, how to show your rental units, and where to find the best real estate markets around. In This Episode We Cover: Tenant rent credits, when to apply them, and the dangers of using them improperly Pros and cons of renting by the room and how house hacking can be seriously profitable Mixed-use properties and the first steps you should take after getting one under-contract In-person vs. virtual showings and which are better for leasing/selling a property Becoming a “passive” landlord and setting your system up to take care of headaches for you The telltale signs of a great rental property market and which states show the biggest signs of progress And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10” Listen to The “Real Estate Rookie” Podcast with Ashley Kehr Avail’s Landlord-Tenant State Laws Book Mentioned in the Show: The House Hacking Strategy by Craig Curelop Connect with Craig & Ashley: Ashley's BiggerPockets Profile Craig's BiggerPockets Profile Ashley Instagram: @wealthfromrentals Craig's Instagram: @thefiguy Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-652 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast Show, 6502.
0:05.0	When you learn anything new, or when you're trying to get into anything new,
0:08.2	education always comes first, right?
0:10.1	Education times action equals results.
0:13.0	And so you can keep adding education, adding education, education,
0:16.8	but if that action is zero, you're never going to get anything.
0:19.7	But also the other way around, if you're all action, all action,
0:22.2	no education, you're not going to get anything.
0:24.7	So the first step I always think is education,
0:26.7	if you're listening to this podcast and you get one of these,
0:29.0	you know, go to one of these boot camps, your education is going to feed there.
0:32.1	But that time we're done with the boot camp, you're going to be ready to take action.
0:34.8	Then all you got to do is worry about that second part, which is action,
0:37.8	and then successful bedfall.
0:39.1	What's going on everyone?
0:39.9	This is David Green, your host of the Bigger Pockets Real Estate Podcast here
0:43.1	today with my co-host Rob Abisola, where we are bringing you a fire edition of the show.
0:48.6	We are joined by Craig Kerlop and Ashley Care to other Bigger Pockets heavy hitters
0:53.5	as we bring our insight, experience, and feedback into answering commonly
0:58.0	asked questions directly from the Bigger Pockets forums.
1:00.5	In today's episode, we get into stuff about house hacking,
1:03.6	avoiding time showing properties when you are renting them,
	...

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