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BiggerPockets Real Estate Podcast

83: Profitable Landlording with Integrity with Marcia Maynard

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 14 August 2014

⏱️ 86 minutes

🧾️ Download transcript

Summary

Today on the BiggerPockets Podcast we are excited to sit down with Marcia Maynard, a hands-on landlord who hails from Vancouver, Washington. Marcia got her start in real estate by marrying into “the family business” that already had an existing portfolio, but continued on the tradition to help fund her own future retirement. On today’s show, she goes into detail on how you can invest part-time for retirement while making a HUGE impact on the community in the process! This show covers the importance of integrity in a landlord’s life and is filled with actionable tips for dealing with tenants in an ethical – yet profitable – way. This is a great show, let’s get into it! In This Show We Cover… How to invest with family The importance of setting up your business structure and what happens when you don’t! Insurance – Do you need an umbrella policy? The awesome path of buying rental properties slowly Personal Finance 101 How to love your job and invest in real estate on the side The benefits of a mission statement The importance of coaching your tenants to have more integrity How to handle conflicts with tenants An awesome alternative to evictions! The importance of a calling up prior landlords Red flags of bad tenants, Actionable items for vetting tenants over the phone Using court records to look up potential tenants And a whole lot more! Links Mentioned in The Show: The NYC Real Estate Investor Meetup with Brandon BiggerPockets Keyword Alerts Marcia’s exact Tenant Screening Interview questions A Slow, Boring, Incredibly Awesome Strategy for Building Wealth Through Passive Real Estate Investing by Brandon Turner Padmapper.com Books Mentioned in the Show: Landlording by Leigh Robinson Your Best Year Yet by Jinny S. Ditzler Tweetable Topics: “Start with a dream, make goals, take action, then reflect and improve…” (Tweet This!) “Landlording is like a game of chess.” (Tweet This!) Connect with Marcia’s: Marcia’s BiggerPocket Profile 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 83.

0:05.0

You're listening to Bigger Pockets Radio,

0:08.0

simplifying real estate for investors large and small.

0:12.0

If you're here looking to learn about real estate investing without all the

0:15.1

height, you're in the right place. Stay tuned and be sure to join the millions of others who have

0:21.0

benefited from bigger pocketsPockets.com.

0:23.7

Your home for real estate investing online.

0:26.7

What's going on everybody? This is Josh Dorkin.

0:28.9

House to the BiggerPockets podcast.

0:32.0

Here with the man wearing the Frank the Tank T shirt.

0:35.0

It's Brandon Turner.

0:38.0

What's up, Brandon? Hey Josh, not much.

0:40.0

How you doing? I'm doing okay, doing okay.

0:42.0

That's my favorite shirt. I love that shirt. It's my favorite shirt. It's my favorite. Yeah when you wear that thing it makes me happy. It's like every other day. Yeah, pretty much. That's the benefit of working at home. You know I'm happy. I'm happy because you're not here in the office with me stinking it up.

0:55.0

Good. Yeah, I stink up my own office. Thanks. There you go.

0:58.0

Yeah, how are things? Things are good. I just went to a meet-up of investors that organized kind of from

1:03.7

bigger pockets up in Seattle last week and that was amazing and I got another one in

1:08.2

New York next week I'm going to so yeah I love those meet-ups where you know bigger pockets members get together and talk and hang out and share and stuff.

1:17.0

So if you're not a part of that people make sure you set up your keyword alerts at bigger pockets.com slash alerts and get a part of that because it's amazing.

1:24.3

So they would set up an alert for like their local area.

1:27.4

Yeah like New York or Seattle or whatever and then you know when those things are

1:30.2

happening so do it.

...

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