Tuesday, March 27, 2018

Section 8 Questions and Answers this week at REI of Virginia

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Hello Everyone,

Yvonne set up a fantastic meeting this week. Our discussion will be about Section 8 rentals and working with the Roanoke Redevelopment and Housing Authority. Our speakers will be Kathy Beverage, Housing Choice Voucher Director and David Bustamante the VP of Housing for the Authority. 

Last week we briefly talked about the Section 8 program and there were lots of questions and concerns that the members had. We are going to voice those issues as well as tell them some of the things they are doing well with this week at the meeting. Section 8 is a fantastic program where you can get steady income and sometimes some pretty good tenants. There are some drawbacks as well and a few things that don’t seem real fair.

It’s going to be a fun informative meeting. Come On Out!

Tuesday, March 20, 2018

Mastering Property Management This Week at REI of Virginia

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Hello everyone,

This week we are going to dig into everyone's favorite aspect of the landlording business… Property Management. I say that sarcastically as it’s one of the most difficult things to master. And one of the most critical to your financial well being to get right. 

There is nothing more important with this aspect of the business than  getting your non paying tenants out as fast as humanly possible and treating that new vacancy like the plague. To do this successfully you’ve got to put ALL of your attention on it until you have your property rented again by suitable residents. This done right and you will significantly increase your income. However any failure of a quick turnover and you will lose boatloads of cash that could have been used to pay your bills, grow your business, or just line your pockets. 

This week REI Officer, Rebekah Cornett, owner of B&C Services, a property management company, will be covering the process of quickly getting your court date, what to do in court to fulfill your objectives, then immediately filling a writ on the deadbeat resident to motivate them to either pay before the deputy gets there or move out so you can get a paying tenant in your property. It’s always nice to be able to pay your mortgage, taxes, insurance, etc.

It’s going to be an interesting topic. Come one, come all… We’ll see you there!

Tuesday, March 6, 2018

Free Windows and Doors In Your Rentals ~ This Week At REI

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Hi Everyone, 

What if I told you that I know of a government program, that you can sign up for, and get free windows and doors throughout your rental properties? 

You probably wouldn’t believe me. But I can tell you that it IS true as I’ve used it several times.

Maybe you would would think that the stars have to align perfectly, in the right order, to get it. Which also isn’t true. I can tell you for a fact that the average person CAN get this program. That it’s EASY to get. And you don’t have to jump through a lot of hoops to get it. 

Then maybe you think that you would have to have the RIGHT FRIENDS in the RIGHT PLACES in order to get it. WELL NOW YOU’RE ON TO SOMETHING…

I’m pleased to announce….. that right friend. Who is in the right place. 

Our speaker this week will be our friend, Marla Robertson from Lead Safe Roanoke. She will be with us to tell us the details and what types of new developments and opportunities that they have. 

You work hard for every dollar you earn. And the government has always had their hand in your back pocket taking it out just as fast as you can earn it. 

Come on out to our meeting this week and learn how to get it back. With every house you get on this program, you will get thousands back in value. 

Wealthy people use every opportunity they can get to both save and make money. We’re giving you one right now. Take advantage of it. 

See you there!

Tuesday, February 27, 2018

This Week At REI ~ Roanoke City Police And Their Involvement With Those Who Are Trespassing. Equal Enforcemnt Of The Laws For Landlords?

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Hello Everyone,

This week Yvonne has a fantastic meeting lined up for us. She was able to  set up a meeting with Captain Hartman and Sargent Sharp of the Roanoke City Police Department. 

Capt. Harris and Sgt. Sharp will be talking about rental property and your evictions. Thy will discuss the civil vs criminal authority that they have, the differences of  that civil / criminal authority when there is a lease vs no lease, what common law residency is and the Trespass Barrment Program that the city police department has. 

Several years ago I contacted former Chief Perkins due to concerns of our members regarding the lack of enforcement of trespassing laws when a landlord was the victim of a trespassing crime. There were mixed opinions that police officers had on whether a “Squatter” had any rights to your property. 

The law did not appear to allow squatters rights in Virginia even though some offices were allowing these criminal trespassers to stay saying that it wasn’t a crime to trespass on landlords property, but rather a civil matter that you would have to take up with the judge on your own. 

Chief Perkins got with their legal department and did a couple months of  research of cases in Virginia that ended up demonstrating that landlords have the same rights that any other person or company has regarding trespassing. Squatters have NO Rights in Virginia. And NO ONE can MAKE themselves a tenant by just moving in. 

Since then, this research did not seem to get passed on throughout the police force. I still have landlords contact me regularly with trespassing situations where the officer told the landlord that criminal trespassing against a landlord is a civil matter and they will have to sue them to get them out. They typically reference whether or not they have a bed there or if they get mail at the residence. Which is not a legal determination on whether or not a person is a legal resident of a property. I don’t know if this is a matter of it being hard to get all of the officers on the same page or if they changed their mind and decided to go back to not enforcing the law when a landlord is a victim. 

Capt. Hartman and Sgt. Sharp will discuss their perspective of this issue and will give us some direction on what will be enforced. 

They will be available to discuss issues such as the differences between buying a foreclosed property that have the former owners living in it, or a tenant of the former owners, or someone who just moved in, has no lease with anyone, and decided that they have squatters rights. 

Or what does a landlord do when a guest of a legitimate tenant, who was never allowed by the tenant to be a permanent resident, and never added  to the lease, overstayed their welcome refusing to leave. Or what do you do if the trespasser is a person that the tenant let live with them, that is bad for the neighborhood and not approved to live there by you due to never being able to pass your criminal background check? How about if the tenant let them live there, you never would have approved them to live there, the tenant moved out and you now have this unknown person shacking up in your house and refusing to leave? 

What about this…. The trespasser, who is not on your lease, paid the tenant rent even though your contract with the legitimate tenant states that they are not allowed to sublet the property for that very specific reason? Or if they “claimed” to pay the tenant rent, but the reality is them and that non paying tenant that moved out are pulling a scam and trying to milk you for every minute of extra free time there that they can? 

These are all very common things that happen to landlords and it costs the landlords quite a bit of money in lost income which was needed to pay city taxes, mortgages, insurance, etc. This is why it’s so important that the city takes an active stance on criminal trespassing. Landlords have the right to be treated like any other business owner. We should never be told that because we are a landlord…. trespassing, vandalism, theft of the refrigerator or stove, etc or any other crimes against us or our properties are not going to be treated as crimes but rather civil matters. 

The city previously determined based on these court cases that it all boils  down to the lease. Whether or not the person is on it. In Virginia you don’t legally have to have a lease. But using this an example, it’s easy to see why it is so important to have one and have every adult in the property on it who has been allowed by you to be there.  

The laws supporting landlords and our rights regarding trespassing are as follows. You may want to keep a copy of them or this email with you so you can use it as reference when a situation comes about. 

Virginia Code § 18.2-119 defines the crime of trespassing as follows:
If any person without authority of law goes upon or remains upon the
lands, buildings or premises of another, or any portion or area
thereof, after having been forbidden to do so, either orally or in
writing, by the owner, lessee, custodian or other person lawfully in
charge thereof, or after having been forbidden to do so by a sign or
signs posted by such persons or by the holder of any easement or other
right-of-way authorized by the instrument creating such interest to
post such signs on such lands, structures, premises or portion or area
thereof at a place or places where it or they may be reasonably seen,
or if any person, whether he is the owner, tenant or otherwise
entitled to the use of such land, building or premises, goes upon, or
remains upon such land, building or premises after having been
prohibited from doing so by a court of competent jurisdiction by an
order issued pursuant to §§ 16.1-253, 16.1-253.1, 16.1-253.4,
16.1-278.2 through 16.1-278.6, 16.1-278.8, 16.1-278.14, 16.1-278.15,
16.1-279.1, 19.2-152.8, 19.2-152.9 or § 19.2-152.10 or an ex parte
order issued pursuant to § 20-103, and after having been served with
such order, he shall be guilty of a Class 1 misdemeanor. This section
shall not be construed to affect in any way the provisions of §§
18.2-132 through 18.2-136.

Virginia Code 55-248.31:01. Barring guest or invitee of tenants.  A guest or invitee of a tenant may be barred from the premises by the landlord upon written notice served personally upon the guest or invitee of the tenant for conduct on the landlord's property where the premises are located which violates the terms and conditions of the rental agreement, a local ordinance, or a state or federal law. 
A copy of the notice must be served upon the tenant in accordance with this chapter. The notice shall describe the conduct of the guest or invitee which is the basis for the landlord's action.
B. In addition to the remedies against the tenant authorized by this
chapter, a landlord may apply to the magistrate for a warrant for
trespass, provided the guest or invitee has been served in accordance
with subsection A.
C. The tenant may file a tenant's assertion, in accordance with
55-248.27, requesting that the general district court review the
landlord's action to bar the guest or invitee.

Virginia Code § 18.2-119. Trespass after having been forbidden to do so; penalties.
If any person without authority of law goes upon or remains upon the
lands, buildings or premises of another, or any portion or area
thereof, after having been forbidden to do so, either orally or in
writing, by the owner, lessee, custodian, or the agent of any such
person, or other person lawfully in charge thereof, or after having
been forbidden to do so by a sign or signs posted by or at the
direction of such persons or the agent of any such person or by the
holder of any easement or other right-of-way authorized by the
instrument creating such interest to post such signs on such lands,
structures, premises or portion or area thereof at a place or places
where it or they may be reasonably seen, or if any person, whether he
is the owner, tenant or otherwise entitled to the use of such land,
building or premises, goes upon, or remains upon such land, building
or premises after having been prohibited from doing so by a court of
competent jurisdiction by an order issued pursuant to §§ 16.1-253,
16.1-253.1, 16.1-253.4, 16.1-278.2 through 16.1-278.6, 16.1-278.8,
16.1-278.14, 16.1-278.15, 16.1-279.1, 19.2-152.8, 19.2-152.9 or §
19.2-152.10 or an ex parte order issued pursuant to § 20-103, and
after having been served with such order, he shall be guilty of a
Class 1 misdemeanor. This section shall not be construed to affect in
any way the provisions of §§ 18.2-132 through 18.2-136.

One of the court cases that former Chief Perkins referenced was The Virginia Court of  Appeals, 2002 McCracken V. Commonwealth of Virginia. This case proved that the owner of the property has the right to revoke their permission for a non owner person to live with them even when permission was previously granted. And if that person will not leave their property, after being told by the owner to leave, they can be arrested for trespassing. 

He further stated that under the concept of quiet enjoyment, a "named tenant to a lease” also has the same right to restrict access to a non-tenant which is proven in Farrow V. Commonwealth of Virginia, 05 Vap UNP 18111042 (2005). 

Chief Perkins went on to say that they will only utilize criminal trespass in situations that arise out of domestic disturbance  complaints where the non owner / non tenant refuses to leave the property when told to do so. And they only will charge someone with criminal trespass when the officer is able to clearly establish who owns the property OR who the named tenant is. So as a landlord this is what you will need to provide if you need assistance. 

I am hoping that we can all get on the same page with this so landlords don’t have problems in these areas anymore. 

I would like to give my thanks to Yvonne for doing such a fantastic job as President of REI of VA. She has put together some great, highly informative topics which is a welcome reprieve after our former president became angry with me and made it difficult by refusing to continue to line up speakers which hurts our entire group rather than just me. But he has moved on to fulfill aspirations of doing his own thing. While Yvonne has stepped up to the plate, per my request for assistance, and has knocked it out of the park with some outstanding meetings. 

It’s a shame that he told her that she couldn’t go to his meeting when she  wanted to. He said because she is friends with me she isn’t allowed to enter. He has barred several people that are friends of mine. Very angry and bitter man he is considering the fact that she has never said a bad thing about him and he doesn’t even know her. Oh well… moving on… she will continue to hit home runs with our meetings so we’re satisfied with the end result. 

I would also like to let people know that we are looking for a Chief Financial Officer. This particular REI Officer position takes very little time throughout the year and I can show anyone who is interested in doing it what to do. Previous experience with this is not required. 

And I would like to thank our friend, Robert Young, who has offered to take the Chief Governmental Affairs Officer position. We have needed someone for quite some time now who would be willing to handle the political aspects of things. There are laws pertaining to the water authority, trespassing, vandalism, landlord tenant act,  and other things that we need to modify. He will help us get our desired legislative changes to the politicians to take to the house and senate floor for a vote. 

There is room for anyone who want’s to help out with the operation of our group and betterment of real estate investors rights throughout the state. So if you would like to help on any level to any degree, please let me know. We always could use some extra help. 

Going to be fun tonight. We’ll see you there!

Tuesday, February 20, 2018

Making & Saving Money Tonight at Real Estate Investors of Virginia

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Hi Everyone,

Tonight we will have a member driven meeting that will have a focus on making and saving money this year with your company.  We are going to share tips we use to ensure that our companies continue to grow and will look at areas to cut costs and save money while fulfilling the same objective of providing clean, safe, affordable housing. 

Everyone in the meeting will benefit. We all will pick up ideas that we can implement within our companies to make or save money. Going to be a valuable meeting tonight considering the fact that making money is always acceptable and a dollar saved is a dollar earned. If we have time we will also talk about websites and apps that can be used to improve your business. Fun stuff guys and gals!   

Come one come all. If you missed the meeting last week, you missed a real good one .We got some awesome tax preparation / asset protection advice from Anderson & Reed. Tonight is going to be information packed as well. 

See you there!

Monday, February 12, 2018

New Tax Laws For Business Owners And Huge Tax Breaks For Landlords. One Negative For Flippers and Builders. Learn What You Get This Week At REI.

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Hello Everyone,

This week I’m pleased to announce that our guest speaker will be Michael Bell, a CPA for Anderson & Reed LLP. Anderson & Reed are Certified Public Accountants that specialize in asset protection, like kind exchanges such as the 1031 Exchange, gifting strategies, multi-generational wealth transfer, various tax strategies such as charitable giving strategies through trusts and private foundations, multi state income tax strategies, and even things like Virginia Enterprise Zone incentives, and payroll processing, etc. 

These guys are on the ball with all of the different things that can be done to legally avoid paying taxes by using programs and incentives set up by our politicians to be used by those who are in the know.

It’s going to be a fun meeting! We will start out talking about the new tax laws that were recently passed along with what types of opportunities that they provide. 

There will be loads of good info at this meeting. Cancel any plans you may have and come on out to your weekly wealth building meeting. 

See you there!

Tuesday, January 30, 2018

Two Topics This Week At The Real Estate Investors Of Virginia Meeting ~ 1.) Slumlord Millionaire Show 2.) Situational Awareness for Landlords and Rehabbers

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Hello Everyone,

This evening we will have 2 speakers. For the first 30 minutes Spanky Macher will tell the group about his new reality TV show Slumlord Millionaire.  https://www.facebook.com/theslumlordmillionaire/  

He’s going to fill us in on the details regarding where it currently stands. Spanky set up a booth at a national trade-show that had attendees who were buyers for both big and small networks as well as television station conglomerates. He got some great leads who were interested in the program and is well on his way to getting a signed contract. 

Our next speaker starting around 7pm will be Scott Leamon who is a certified crime prevention specialist through the Virginia Department of Criminal Justice Services. 

Scott is going to give us a presentation on crime Situational Awareness for landlords, Realtors and flippers. This includes preparing your properties to make them unattractive to criminals, early recognition of tenants, clients or individuals hanging around a property that could become hostile, etc. 

I have some landlord specific advice that I learned the hard way over the years that has kept me from getting into it with irate tenants several times that I will share. 

People who are down and out, for one reason or another, that are getting a 21/30 day notice, a 5 day pay or quit or an eviction can quickly become dangerous if the wrong things are done by you.

It’s going to be another fun meeting. Come on out and enjoy some time with educated, like minded people, who are experiencing the American Dream as successful entrepreneurs in our area. 

We’ll see you there!

Tuesday, January 23, 2018

We Love Money… This Week it’s About Getting It!

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Hello Everyone,

Going to be another fantastic meeting this week as we will be talking about the one topic that will do more than anything to take you and your company to the top. That is obtaining financing and wisely leveraging money so you can build wealth over time. Without all of the “creative” techniques that I have found to not work and for the most part be a complete waste of time. 

There is nothing better than an old school loan and commercial loan officers and mortgage brokers are the place to get them. They have the ability in many cases to not so much focus on your credit, but to look more at the deal you are bringing to the table. And weather or not that deal will end up hurting them if they have to take it back from you on a worst case scenario. 

Our special guest speaker will be Kevin Reeder of First Bank & Trust. Kevin is a commercial loan officer. He specializes in investment real estate and small business lending. Kevin works with many investors who hold portfolios of single-family and multi-family real estate. He helps them with purchases, refinances or lines of credit. 

Come on out to the meeting. Lets see what these guys can do. 

       ___________________________________

New Meeting Location for those who haven’t been this year. 

This is a reminder to everyone that we now have a new meeting location. Our meetings are still on Tuesdays at the same time, 6:30-8:00pm, now at Logans Roadhouse. 

     ___________________________________

2018 Membership ~ Time To Renew ~ Education Well Worth The Small $100 fee.

It’s time to renew membership for the 2018 calendar year. You can pay by Paypal below where it says click this link to sign up. If you don’t have money this minute don’t worry about it. We’re not going to put you out. Come on down and you can get it caught up soon. 


We’re still keeping Dues cheap for the upcoming 2018 year. 

As we’ve stated many times. We are all volunteers. There is NO person in this group that has ever been paid to do all the work we have to do to operate it. And that’s a part time job for a couple of us. We do not personally benefit for the work we do. We do it because we understand the importance of investors uniting together. If you take advantage of the membership you will make money as a result of being a member. You will also save money as a result of your membership. I can guarantee that.  And it will be significantly more than the cost of membership. 

Dues Value OVER $25,000 for a year of educational meetings every single week. If you base the cost on the minimum charge for education that most of the gurus charge for their 1 on 1 training. REI of Virginia is full of gurus. Investors that have made millions in real estate. Investors that are happy to show you the ropes and lead you the right direction towards the path of your own financial freedom. Our Educational meetings will make you rich if you follow what is said. But we don’t charge $25,000 like the other gurus. We ONLY charge $100. I don’t care how tight you are. You may be as tight as me with my money. I think you can handle that for the value you get. 

If you haven’t signed up yet, you can pay at the next upcoming meeting by check or cash. Or you can sign up with your credit card or debit card via clicking the Paypal link below or above. BTW, Real estate education is tax deductible! 

But please don’t ask me or other members of our group to help you through your real estate investment problems with questions throughout the year without at least signing up and paying our dues. YOU CAN’T EXPECT ME OR ANY OTHER MEMBER OF OUR GROUP TO HELP YOU IF YOU DON’T CARE TO HELP OUR CAUSE!  $100 is nothing. You don’t need to attend the meetings to pay the dues. If you want the support of our group, you have to do the minimum of being a paid member. 

Monday, January 15, 2018

Learn About Real Estate Titles and the Closing Process This Week at REI

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Hello Everyone,

Real Estate Investors of Virginia has, since it’s inception in 2012, been focused on real estate education. This week we have another awesome educational meeting lined up by Yvonne. 

Our discussion this week will be about the legal aspects that an investor needs to know, regarding real estate titles, when purchasing an investment property. Our guest speaker will be Kathi Anderson of Acquisition Title and Settlement Agency. 

There are several different things that can cause a real estate deal to fall apart at the closing table. Buyers or sellers changing their mind, ownership issues, undisclosed mortgages that someone forgot about, unknown judgements / liens are among a few of many things that can  either cloud a title causing additional negotiation or prevent the purchase of the property all together. 

Kathi has been doing title work for many years and is going to cover the closing process and all of the reasons she has seen over the years that have ended up preventing the sale of the property. We will also have a discussion of what can be done in each of these situations to get around the issue and continue with the sale. 

It’s going to be a fantastic meeting, as many are, so cancel any plans you may have, and schedule the REI of Virginia meeting into your calendar as your permanent Tuesday evening entertainment. 

We’ll see you there!

___________________________________

New Meeting Location for those who haven’t been this year. 

This is a reminder to everyone that we now have a new meeting location. Our meetings are still on Tuesdays at the same time, 6:30-8:00pm, now at Logans Roadhouse. 

     ___________________________________

2018 Membership ~ Time To Renew ~ Education Well Worth The Small $100 fee.

It’s time to renew membership for the 2018 calander year. You can pay by Paypal below where it says click this link to sign up. Thank You!


We’re still keeping Dues cheap for the upcoming 2018 year. 

As we’ve stated many times. We are all volunteers. There is NO person in this group that has ever been paid to do all the work we have to do to operate it. And that’s a part time job for a couple of us. We do not personally benefit for the work we do. We do it because we understand the importance of investors uniting together. If you take advantage of the membership you will make money as a result of being a member. You will also save money as a result of your membership. I can guarantee that.  And it will be significantly more than the cost of membership. 

Dues Value OVER $25,000 for a year of educational meetings every single week. If you base the cost on the minimum charge for education that most of the gurus charge for their 1 on 1 training. REI of Virginia is full of gurus. Investors that have made millions in real estate. Investors that are happy to show you the ropes and lead you the right direction towards the path of your own financial freedom. Our Educational meetings will make you rich if you follow what is said. But we don’t charge $25,000 like the other gurus. We ONLY charge $100. I don’t care how tight you are. You may be as tight as me with my money. I think you can handle that for the value you get. 

If you haven’t signed up yet, you can pay at the next upcoming meeting by check or cash. Or you can sign up with your credit card or debit card via clicking the Paypal link below or above. BTW, Real estate education is tax deductible! 

But please don’t ask me or other members of our group to help you through your real estate investment problems with questions throughout the year without at least signing up and paying our dues. YOU CAN’T EXPECT ME OR ANY OTHER MEMBER OF OUR GROUP TO HELP YOU IF YOU DON’T CARE TO HELP OUR CAUSE!  $100 is nothing. You don’t need to attend the meetings to pay the dues. If you want the support of our group, you have to do the minimum of being a paid member. 


As always new members get a free month to decide if they like us. 
 

Tuesday, January 9, 2018

Q&A From an Industry Expert Tonight at Real Estate Investors of Virginia

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Hello Everyone,

This week we have a great meeting lined up for you. We will have our friend “Tiny Tim Hogan” as our group moderator. Tim is an expert in the fields primarily of wholesaling and flipping to “up-sell” properties. When he is speaking about these subjects he "stands tall" as his advise is as good as gold. Tim has helped me get some “high returns" with successful flips I’ve done in the past and has some great guidelines on determining “how low a property can go” in our market. 

Tim has done more flips in Roanoke than anyone I know. By a “long shot”  This "little guy" is full of good information… that is if you can get it out of him. Just don’t ask him for any favors or win any bets against him as he has a “short term memory". 

Tim will be moderating a group discussion so bring a “long” list of questions. “Short" insufficient answers won’t be acceptable as we’re going to hold our mini friend to some very “high” standards. 

Come on out to a memorable entertaining meeting as it always is with the "little guy". 

See you there!

A Blast From The Macher Past...

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Click To Read
An interesting look back in history on one of the celebrity slumlords in town, Spanky Macher… AKA The Slumlord Millionaire. Spanky is well into the production of a television reality show about low income landlording that has shown an awesome response from several major national networks. This one is looking like it’s going to happen. 

Here is an interesting article out of the paper years ago showing Spanky as a young man back in the days he envisioned and founded Macado's and Spanky's restaurant chains.

 

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