Monday, June 29, 2015

This Week We’re Talking About The National Landlord Convention And Some Interesting Things We Learned

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About a month ago several of us went to the Mr. Landlord national convention. There were about 300 landlords there. There were speakers for 3 days starting around 8am and lasting with round table events every night until about 10pm. Lots of great information!

This meeting the special guest speakers will be yours truly and Spanky Macher. If Carla, David and Carole are at the meeting they will help out as well. I haven’t talked to them to confirm yet.

It’s going to be a relaxed presentation. None of us have the time to prepare anything so we will be winging it as usual. I took a couple pages of notes and will go over what I found interesting. Even after doing this stuff for so many years I ended up learning some great ideas and I have a plan in place for tightening up my property management and being more selective with my tenants based on a few more criteria we will talk about.

We will also talk about things that landlords on a national basis are doing such as getting rid of rent grace periods etc. and the reasons why. Why to have a crime free addendum and what it is. Why to get all of your tenants email addresses. Ideas for getting more ancillary income out of your rentals. Nevada LLC’s and why not to have them. Which state is good. Things to do to change a neighborhood for the better. Customer loyalty programs and how to tell if your prospective tenant has drama in their lives. As well as a long list of websites that can help you operate your business.

If you learn anything that you want to remember you should bring a pen and piece of paper. We have no handouts. Either the pen and paper or you can type what you want to remember into your phone notes.

So come on out. I can guarantee you will learn a few things at this meeting that you will benefit from.

Remember we have a new location. See below. All of those that don’t read these emails, I guess we’ll see you next time when you get it figured out.

New Meeting Location

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At the last meeting we said to read your email. That was to not be rude and talk about how bad it has been for us in Franks while we were in there.

Since we have been there we have had many complaints from our membership about the food. I can say mine was good but I got the exact same salad every meeting.

We also were promised by the manager that the wifi worked well before we took the place. We have known from the start that it didn’t and are extremely limited to what types of meetings we can have as a result. She has been unresponsive in getting that problem resolves. The speaker last night called before he came to confirm that they had wifi. She told him it did and it worked well. He told me he would have brought a personal hotspot if he knew that that wasn’t the case. He was embarrassed having to keep stopping his presentation time and time again. Must have been difficult for him but he managed to get through it.

We also have had the issue of extreme heat in the restaurant for the past month. If you recall it was kept extremely cold as well during the winter  They were aware of that issue from the start but didn’t do anything about it. The last 2 weeks were particularly bad. We have several older members of our group that can’t go anymore due to that level of extreme heat with no fans causing them health issues. We are rapidly losing membership as a result of the restaurant and have to make an emergency change.

I’m not trash talking all of the Franks. Like I said I personally have had great food there. However there clearly are some management issues at this particular one. The lack of response to our issues helps define that.

Our new summer / early fall location will be the Brambleton Deli. Our member Carla Bream set it up for us. There is good wifi and their AC works. The only issue we have there is it will work well for the summer / early fall but it’s about the same size as Franks so it isn’t a long term solution. Our late fall, winter and spring numbers are too high to be able to accommodate a room of that size. The owner is OK with that.

We have our location as Franks all over the internet. I will get started working on changing that. It will take time because it’s literally all over the place. If you notice something I haven’t changed please go ahead and submit the change to the website / newspaper or other publications.

The address of the new location is:
Brambleton Deli
3655  Brambleton Ave., Roanoke, VA 24018

Same time, 6:30 pm to 8:00 pm

They also have a full bar which is something that several of our members missed from both Shakers and El Rodeo.

Monday, June 22, 2015

This Week At REI Speed Networking With A Moderated Group Discussion Afterwards

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It’s been a very long time since we did any form of group networking in REI. We are an educational business group and our members have a lot to offer that you may not be aware of. I know most of the people in our group but not all. And I know what most of our members have to offer from various conversations I have had with them.

There is another source of making or saving money that our group isn’t taking advantage of which requires networking. Some of the REI groups are set up specifically for that purpose only. They don’t usually last very long from what I’ve found though as a result of that being the sole purpose.

Did you know that our member Jerry Everett was a builder and can rebuild one of your rentals if you had a fire? He can handle the really big jobs. And Jerry has a lot of rentals out in the Salem area so you have questions out that way he’s your man. 

Did you know Robert Young owns a towing company and he can tow abandoned cars away from your property to be held in impound at no cost to you? Your tenants have to pay him to get it. And that he is an expert in commercial real estate and eminent domain issues.

Did you know that John King owns a company that can do any kind of repairs on your mower, weed eater, etc or sell you a new one? And that he also has a hauling company that can bring you dirt, gravel, mulch or whatever you need. Including spreading it.

Did you know that Taz owns a finish carpentry business and can custom build cabinets for you for less than Lowes? He has done several specialty wood working related things for me over the years that my guys weren’t capable of doing. He also did the cabinets for the REI flip that several of us did together.

That is just a very small example of benefits that you can take advantage of by being a member of REI of Virginia. Some people say it’s not what you know, it’s who you know. Ever heard that saying? Once we have the new website up we will have a page that members can log into to get peoples contact info with a little short bit of information on what they have to offer. It will be hidden behind a login so your info won’t be available to tenants or anyone just going to the website.

This upcoming meeting will make or save you money within the next year. Could be a lot. It all depends on you. To take full advantage of this meeting bring a bunch of business cards.

Now this isn’t the time to just say what you have to offer. It is also the time to tell REI of Virginia members what you need from them to build your business if you are currently growing it. Is it that you need a connection for a good low cost plumber or you need a source of good wholesale deals?

Everyone gets 90 seconds to talk. If you talk a little less that is fine. I know some people are shy. A little more is fine too. This isn’t to stress you out. It’s so everyone gets to know everyone. I contact people in our group all of the time for this or that. There’s a huge benefit that many people are missing due to not knowing each-other and this will help solve that.

The president of TRIG which is the real estate investor group down in the Tidewater Virginia area told me about it while we were having some drinks after the Landlord Convention. And she said it was extremely beneficial for their group.

Come on out. This will be a fun meeting!

Monday, June 15, 2015

Senator John Edwards at REI of Virginia This Week

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Hi Everyone,

This week I’m pleased to announce our guest speaker will be incumbent democrat Senator John Edwards who is running against republican Nancy Dye who we had at our meeting and Commonwealth Attorney Don Caldwell who is a democrat running as an independent.

People are questioning what Don Caldwell’s motivations are and if what he was doing was to intentionally weaken Edwards.

I’m not sure what Mr. Caldwell’s intentions are. I spoke with him a few months ago regarding a few robberies of my office where the city botched the court case and only charged the criminals for burglary of my brothers office and not mine and he told me at that time the rumors were true and he was thinking about running. 

Senator Edwards has helped REI of Virginia far more than any other politician including the currently elected republicans. None of them have gone to bat for us more than he has. He has been the key man in Richmond who has fought for us to end the ability for the Water Authority to bill a landlord for a tenants unpaid water bill. It’s been a tough fight and Senator Edwards has been there every single year for us from the start.

Come on out and we’ll hear from Senator Edwards about where we currently stand with the Water Authority issue and what plans he has for the future for our area.

See you there!

Monday, June 8, 2015

Tough Times Ahead. Prepare Yourself To Profit Off The New State Of The World And Our Coming Economic Conditions.

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REI Members,

I thought I would write a little something to show you what I’m seeing happening in the World. I’ll throw a few facts down for you and you can decide if the end result is what I see as our future. Have a look on the internet and you will see that all of what I’m about to tell you is true.

You can prosper tremendously from future economic conditions if you are prepared for them before they happen. Certain industries have dramatic gains during war or during deep recessions. Other industries fail. History repeats itself and you can determine how to position your portfolio if you research what has happened in the past.

A series of events:

We have now confirmed that the Chinese hacked into US government computers and stole the personal data of millions of Federal employees. And it wasn’t just some Chinese hackers. It was the Chinese Government!

Just a couple weeks ago we were flying a spy plane 15,000 feet over this new island in the middle of the ocean that the Chinese are building. They are building it in 300 feet deep water!!!. No one has ever done that. We are trying to find out why they are doing it. We think it is because a quarter of all global shipping has to go through that area which is rich in natural resources. China would have a cut off switch for the World at their finger tips by securing this location. A lack of natural resources means limited ability to manufacture products. Limited ability to manufacture products can mean limited ability to re-supply for war.

The Chinese government caught us doing the flyovers and they sent a message repeating over and over telling us to not fly across their territory. To not make this terrible mistake. To please go back. Our position is that they cannot control the waters in the middle of the ocean because the ocean belongs to everyone, not them.

Also, the Chinese for the past 10 years have been building the largest Navy that the World has ever seen. Doing so with all of the money we are giving them for being one of the few countries willing to implement what we consider to be human rights abuses on their own people, including their children.  They work these poor people to the bone to get products cheaply to the United States and the rest of the World. And they have been artificially devaluing their currency, the Chinese Yuan, so the cost of goods remains low preventing other countries from competing with them on a manufacturing basis.

Putin of Russia said yesterday that Russia is not planning on attacking the United States along with a statement that they have gone a long way into developing of some equipment that will destroy our missile defense technology. So why would they do that if they weren’t planning on shooting missiles at us?

Also, remember back in late March 2015 when there were 1,500 special ops who were doing a multi state training program in Arizona, California, Colorado, New Mexico, Nevada, Texas and Utah? And the news was saying that they were skeptical of what they were doing down there. They suspected that the U.S. was preparing for future Marshall Law on the people.

Well, I did some research and found out the real reason. I found an article in the Moscow Times. On March 13th a Russian general said that Russia was offended that the US Congress in February voted to give military equipment to the Ukraine so they could protect themselves from Russia. And that Russia was going to send modern military weapons to Mexico and infiltrate them across the boarder into those specific states where there are already gorilla groups that will take those states back and make them a part of Mexico again. He said that those states have amnesty as a result of us buying them from Mexico during the Mexican American War for 5 million dollars. And that Russia will help force those states to break back off of the United States. This news was something that the White House decided not to let the American Citizens know about.

So that is why in Late March we sent the 1,500 special ops down there for training. And after the general said that, in early April, Russia warned the U.S. to not drive a UN convoy across the boarder of the Ukraine and Russia and in doing so we would be declaring war. He continued to say why does this UN still exist in the first place if the Cold War was supposedly over. So Obama decided that we should continue as planned and have our convoy along the border.

How about this? There has recently been all of this talk about becoming buddy buddy with Cuba. To open up our trade with them. And people have been saying that Obama is an idiot for wanting to team up with Castro who to this day is continuing human rights abuses.

The reason why our government is talking about becoming friends with Cuba at this precise moment is because Cuba will be used as a landing strip / refueling zone for Russia and China if we break out in a full scale war. Cuba is very close and is the perfect place for something like this to transpire. They need a place like Cuba on their side because otherwise they would have to do a landing on one of our beaches and take the beach like we did in on the well known D-Day, the Battle of Normandy. The D in D-Day stood for Designated Day although it should have stood for Dead Day. It was a blood bath for the American military. Castro knows why everyone is trying to buddy up to him. He understands that he is essentially like a swing vote in the game of Survivor.

About a month ago a photo came out showing Putin of Russia, the President of the Chinese government Xi Jinping, Venezuelan president Nicholas Maduro, Castro of Cuba, and several muslim Sunni country heads all together displaying their friendship. That photo helps lay out who will be on who’s side in the upcoming WWIII. The Sunni’s used to all be our friends. Saudi Arabia is Sunni in leadership although their people are Shia. From what I understand, the Sunni’s are the wealthy muslims and Shia are the poor. Obama traded alliances and teamed up with the Shia countries in the Middle East. We are now no longer allies with the Sunni’s.

WWIII is right around the corner. We are firmly in the first few years of posturing before the war. This war will be much different than previous wars. Americans are so used to us taking our war to their country. This war will be both on their soil and ours. They will take a beach like we did in Normandy after using Cuba as a starting point. And they will then use their new position to start spreading their line of control. Further and further into the U.S. Chinese and Russian tanks will be driving down our roads and they will be bombing from our sky.

China alone has 1.3 Billion people. Yes million with a B. We only have 300 million. If every American was a far superior and exceptional fighter every American could kill 2 Chinese. Just a small dent in their population and every American could be completely exterminated.

This isn’t the movies. The good guy doesn’t always win in the end. This is scary stuff. You can call it alarmist but there are some things that have been happening in global politics that are scary recently. Teams are being formed. Who’s on Who’s side.

Interesting things are happening right now for those of you who are keeping abreast of global politics.

Regarding economics, the United States will have another recession next year. We have a recession on average every 6 to 7 years. From what I understand we are already there. To compound that, over 700,000 Baby Boomers will hit 70 years old in 2016. They will be the first wave required to sell a portion of their retirement stock every year. The following year another 700,000 will turn 70 and they will start to sell off their stock doubling the amount of people required to sell each year. The problem will compound upon itself year after year. Let alone next year is a presidential election year which always is particularly hard on Wall Street.

It is expected by experts that the United States will have another housing crisis starting somewhere within 2016 - 2017. So there will be some great opportunities for good buys for those who are in it for the long haul and want to buy at the bottom. Once you hear the pain on the news and the ignorant media saying don’t buy real estate you need to start buying. When the market gets to a point where everyone is saying Buy, Buy, Buy you already missed the boat.

Big interesting things happening in the World right now. We are in a stock market bubble, a government bubble and on the edge of a potentially devastating war. A little research on how various industries perform during historical similar economic conditions will make you a very wealthy investor. Those who are positioned wrong can lose all of their wealth. Fortunes will be gained while fortunes will be lost.

Fortunately those who are reading this email are interested in a particular investment that fares very well as a hedge against extreme economic conditions. A good “Cash Flowing” buy and hold strategy with a strong debt to income ratio will make an investor wealthy in both good times and bad.

And that is why I’m such a strong proponent of having a large portion of low income property in your diversified portfolio.

The End…. For Now.

Mold, Asbestos and old Heating Oil Tank Spills at REI This Week

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Hello Everyone,

This week our guest speaker will be Carroll Hale, of an environmental based company called Green Earth Naturally LLC.

Carroll will be with us to talk about some of the nasty little conditions you can inherit with a house you purchase. Including things like Mold, Asbestos and leaking Underground Petroleum Tanks.

Getting unbelievable deals on properties typically is associated with dealing with some nasty problems that most people are scared of. Come on out to the meeting to get educated on these potential types of opportunities so you can fully understand the scope of the problems and know how much it will cost you to take care of it. After all you have to know the cost of taking care of an issue like this before submitting your bid so you can subtract it plus a large premium for dealing with the problem from your offer.

I can tell you from past meetings, there is a huge opportunity in purchasing properties that have contaminated ground with oil spills. No one wants these types of properties. A portion of a penny of every gallon of gas that is sold goes into a Virginia fund called VPSTF. And this fund pays for these types of cleanups.

We had a cleanup on the REI flip that we did together a couple years ago and the guy we used waived the $500 deductible. It was a good win / win for all.

See you at the meeting!
 

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