Latest Episode • January 29, 2022

BiggerPockets Daily 472: Disaster Preparedness: How 5 Simple Steps Can Help You Protect Your A$$ets by Whitney Hutten

I knew something was wrong, really wrong when my husband walked in the door on Thursday, December 30, 2021. The strong winds that had started that morning were wreaking utter havoc. At 75+ mph sustained with 100+ mph gusts, the winds lifted our 11-foot trailer off its chaulks and sent it smashing into our neighbor’s car. It whizzed branches past our heads—impaling them into the side of the house—blew away our entire xeriscape front yard, and knocked down trees in our neighborhood that had been standing for over 60 years. ... show more

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Previous Episodes

January 28, 2022

BiggerPockets Daily 471: Missing the Mark: My 2021 goals that failed, and how I’m setting myself up for success in 2022 by Mindy Jensen

As I sit down to plan for next year, I’m excited to set huge goals in every part of my life. But setting goals to accomplish all the things will really only guarantee that I fail at least some of the things. Why? Because you simply cannot accomplish everything, and when you set out to do so, it’s easy to become discouraged to the point you give up and do nothing. Before I set goals for 2022, I need to take a step back and look at 2021: What did I accomplish, and what went undone? More importantly, why? ... show more

January 27, 2022

BiggerPockets Daily 470: Tenant Screening: Why Checking a Tenant's Rental History Report Matters by Remen Okowura

A prospective tenant’s rent references can tell you a lot about their rental history. And, checking a rental history report as part of the screening process is just as vital as verifying a prospective tenant’s credit history, employment, and income. After all, tenants who have a history of moving frequently or being evicted may not be the ideal candidate to fill your vacancy. If you want to complete a thorough rental history check, you need to ask the potential tenant a series of questions and then the facts with previous landlords. That said, checking a tenant’s rent references may not be as straightforward as it seems. For example, some landlords will give a glowing report about a bad tenant who’s still occupying one of their properties just to get rid of them. Or, you may have applicants without any rental history, making it impossible to check. Plus, there may be legitimate reasons for what appears to be unusual behavior, like a tenant moving frequently in a relatively short period of time. ... show more

January 26, 2022

BiggerPockets Daily 469: Mystery Solved: Why Cap Rates for Some Value-Add Deals Are Lower Than Stabilized Deals by Paul Moore

Have you ever been confused about something that should be perfectly clear? Like the ongoing mystery of semi-boneless ham: does it have a bone…or not? I think a lot of investors are confused about why cap rates on some value-add deals are lower than cap rates for similar stabilized deals. With the help of my friend and fellow BP author, Brian Burke, I’ll try to solve this mystery in this post. Please note that this issue goes much deeper than just solving a riddle. This speaks to the whole strategy of buying value-add vs. stabilized properties. It delves into the thesis for buying and optimizing properties with hidden intrinsic value. ... show more

January 25, 2022

BiggerPockets Daily 468: Homeowner's Insurance: The Marshall Fire is a Harsh Reminder That You Need Adequate Coverage by Mindy Jensen

On December 30, 2021, what is now known as the Marshall Fire swept through several Boulder County towns—just north of Denver, Colorado. As the fire roared, near hurricane-force wind gusts helped to dr ive the spread. By the time it was over, the destruction—which was initially estimated to be a few hundred houses—had a loss tally of nearly 1,000 structures. An additional 127 buildings were damaged. And, the vast majority of these buildings were homes. The fire ripped through the area so quickly that in most cases, there wasn’t time to do much but grab the car keys and drive to safety. And, many of the homeowners who were forced to flee returned to nothing. Entire subdivisions were burned to the ground in the course of the fire. The only remaining evidence of the neighborhoods that once stood are the charred vehicles parked in blackened driveways and the strange brick stacks that were once used to frame doors and trim. ... show more

January 24, 2022

BiggerPockets Daily 467: What is Co-living and How Can It Help Your Multifamily Property? by Jay Chang

If you aren’t familiar with the idea of co-living, it’s a residential living model that provides shared housing for people. Co-living is hardly a new idea, though—it’s been around as long as people ha ve. Co-living exists in various forms, such as student housing and house hacking. However, some notable companies have begun implementing this lifestyle at an institutional level with a modern twist. This allows the residents to live in a community setting at an affordable price, which is why it’s more popular in gateway markets like New York, San Francisco, and Los Angeles. Understanding this living model is important because it can attract more tenants and ultimately improve your property’s bottom line. Here’s what you should know. ... show more

January 23, 2022

BiggerPockets Daily 466: 7 Disadvantages to Investing in Syndications and Funds by Paul Moore

A few months back, I published a post describing nine disadvantages to investing in real estate syndications and funds on my company blog page. I was happily surprised at the reaction, so I decided to do Part II. This time I decided to share this with my BiggerPockets community instead of my company blog, so here goes… Real estate syndications and funds have grown significantly in popularity over the past decade. The JOBS Act of 2013, the ubiquity of social media, and the rising tide of real estate values have set the stage. It’s resulted in a whole lot of investors making a whole lot of money. And it’s also created an opportunity for newbies and great promoters to pose as great syndicators/operators while enjoying the rising tide. But we all know what happens when the tide goes out. Warren Buffett tells us we’ll see who’s skinny dipping. ... show more

January 22, 2022

BiggerPockets Daily 465: The 6 Top Unsafe Property Living Conditions That Landlords Must Avoid by Remen Okowura

Landlords aren’t just responsible for providing a roof and four walls to their tenants. They’re also responsible for ensuring that their properties are safe, clean, and have livable conditions for the ir tenants. To help protect the landlord from legal action—and the tenant from unsafe living conditions—landlord-tenant laws require that landlords ensure a “warranty of habitability,” which is a guarantee that requires landlords to keep their properties habitable. Otherwise, tenants can sue landlords for unsafe living conditions. That said, there are more benefits to keeping a rental property in good repair than just avoiding a costly lawsuit. Providing a comfortable, safe rental unit also helps attract good tenants who are more likely to look after the place and pay monthly rent on time. ... show more

January 21, 2022

BiggerPockets Daily 464: Investing in Self-Storage: Why Cap Rates Don’t Matter (That Much!) by Paul Moore

I could be put on trial for heresy for saying this… But I wouldn’t be alone. You see, saying cap rates don’t matter that much is almost like saying it doesn’t matter how much you pay. Or worse, that “it’s different this time.” But after making concrete statements in my second book on the cap rate range our firm wants to pay for new commercial real estate assets, I am modifying my opinion to say it doesn’t matter nearly as much as I thought in the past—if you find the right asset. This brief post explains what I mean. ... show more

January 20, 2022

BiggerPockets Daily 463: 11 Things a Landlord Cannot Do Before or After Leasing Out a Property by Remen Okowura

As a landlord, you want to rent out your properties as soon as possible in nearly all cases. It’s important to remember, though, that as soon as a rental agreement is signed by a tenant, there will be a list of things that a landlord cannot do related to the property. For example, tenants have a right to quiet enjoyment, which means that landlords can’t interfere with a tenant’s day-to-day activities. And, even if a tenant violates the lease terms, a landlord cannot carry out an illegal eviction by moving a tenant’s personal belongings without permission. In fact, you can’t even change the locks. ... show more

January 19, 2022

BiggerPockets Daily 462: Personal Finance is Personal: Follow Along With Mindy Jensen's Budget Wins (and Losses) in 2022 by Mindy Jensen

Today is January 1, 2022. New year, new me—right? Today is the first of 13 articles featuring my real-time budget for 2022. The goal is to show that budgeting is hard—even if you’re a pro. I’ll for sure get it wrong sometimes, and I know unexpected expenses will pop up to throw my whole budget out of whack. Budgeting is a fluid process, and the MOST important aspect of budgeting is to be cognizant of your money and where it’s going on a daily or weekly basis. For me, daily works best. I’ll be keeping a real-time accounting of expenses through my favorite mobile app for budgeting, The Waffles on Wednesday Mobile Spending Tracker. ... show more

January 18, 2022

BiggerPockets Daily 461: How Squatters Rights Affect Landlords by Remen Okowura

It can be a shock to realize that unauthorized persons are living on your property. However, learning that squatters who take over your property may also have rights can fill you with rage. After all, they’re not paying rent, not looking after the unit, and they live there without any lease or verbal agreement—so why would they have any rights to your property? Unfortunately, the issue regarding squatters’ rights can be quite complicated—and it became even more so during the pandemic as the issue of squatters’ rights came to the forefront. That’s because the COVID-19 ban on evictions made it impossible to evict a nonpaying tenant—but the eviction moratorium didn’t entirely ban evictions. It was still possible to evict someone for violating local regulations, and in some cases, this included squatting. ... show more

January 17, 2022

BiggerPockets Daily 460: Do You Need a Property Manager—or Can You Manage Your Properties Alone? by Andrew Syrios

Buy and hold real estate is, in my humble opinion, the best investment there is. That said, it comes with a very noteworthy challenge: You have to manage the properties you purchase. As such, that le ads to a bigger question: Should you choose in-house property management or outsource property management? This question, while important, does not come with a cut-and-dry answer for every property investor. Here’s what you should know about both sides of this coin. ... show more

January 16, 2022

BiggerPockets Daily 459: Evictions Bans Have Ended—Here’s How to Evict Someone From Your House by Remen Okowura

Evicting a tenant from your house is never easy in any sense of the word. Serving an eviction notice is usually the last resort when dealing with a tenant for non-payment of rent or lease violations. After all, the eviction process is expensive and often an all-consuming process, eating up your precious time and resources. Of course, there are many ways to avoid kicking someone out of your house. Some landlords offer payment plans to tenants who’ve fallen behind on rent in order to allow them to catch up on late rent. Other tenants may offer a cash-for-keys deal to get rid of a delinquent tenant fast. The reality is, though, evicting a tenant from your house will be unavoidable at some point for most landlords. And, the question of how to evict a tenant from a rental unit has never been more prevalent than in 2021—which will likely continue into 2022. Early in the COVID-19 pandemic, eviction moratoriums made it impossible to evict tenants for not paying monthly rent—but that has since changed. As coronavirus restrictions have ended and moratoriums are being lifted, it’s important to know how to evict a tenant from your house. Here’s what you should know. ... show more

January 15, 2022

BiggerPockets Daily 458: Self-Storage Performance Post-Pandemic: A View from the News by Paul Moore

We were all nervous, weren’t we? No one had experienced a global pandemic before, and no one knew what would happen. What would transpire with our families? Our jobs and businesses? Our investments? Wall Street was nervous. The market dropped about 30% before it later rocketed back to dizzying heights. I was nervous. As a commercial real estate fund manager, I wondered what would happen to our investments. We invest heavily in self-storage and mobile home parks, which are known to be recession-resistant. But would they be pandemic-proof? ... show more

January 14, 2022

BiggerPockets Daily 457: Active or Passive? How to Benefit from Both Management Styles in Your Portfolio by Ilana Polyak

For decades, a fierce debate has been raging in investing circles: Which is better, active or passive management? According to the active management crowd, a talented stock or bond picker can find a w ay to rise above the averages and deliver performance. During times of volatility like today’s coronavirus-inspired market swings, managers should be able to find better performing stocks or ones that might escape the widespread pounding. Passive managers, on the other hand, believe that the pursuit of market-beating performance is futile because beating the market is hard. Many investors have tried—and failed—to gain an investing edge. Their aim is simply to mimic an index, whether it’s the Standard & Poor’s 500, the Nasdaq or the FTSE, without placing bets on which stock will rise and which will falter. ... show more

January 13, 2022

BiggerPockets Daily 456: If You Want to Be a Savvy Investor, Be Wary of These Inflation-Related Myths by Phil McAlister

It’s easy to find an opinion on anything and everything these days. While hearing out the opposing views on the real estate market can be a great way to make informed decisions on investments, the tru th is that some of these opinions could use some scrutiny. As such, it’s important to provide some clarity and additional insight regarding some commonly held real estate market beliefs—especially as they pertain to inflation. There are plenty of myths surrounding how inflation will affect real estate, and if you aren’t careful about what inflation-related real estate opinions you buy into, the wrong opinions could drive how you choose to invest. That said, these are complicated topics with myriad factors at play. It’s tough to predict what exactly will happen as inflation impacts real estate, but what we can do is start with what we know to be correct and then add in sound logic. By doing this, we may be able to draw conclusions that are different from what you’ve been hearing about this subject matter. Let’s start by breaking down two common inflation-related myths. ... show more

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BiggerPockets Daily 472: Disaster Preparedness: How 5 Simple Steps Can Help You Protect Your A$$ets by Whitney Hutten

BiggerPockets Daily Podcast

Previous Episodes

BiggerPockets Daily 471: Missing the Mark: My 2021 goals that failed, and how I’m setting myself up for success in 2022 by Mindy Jensen

BiggerPockets Daily 470: Tenant Screening: Why Checking a Tenant's Rental History Report Matters by Remen Okowura

BiggerPockets Daily 469: Mystery Solved: Why Cap Rates for Some Value-Add Deals Are Lower Than Stabilized Deals by Paul Moore

BiggerPockets Daily 468: Homeowner's Insurance: The Marshall Fire is a Harsh Reminder That You Need Adequate Coverage by Mindy Jensen

BiggerPockets Daily 467: What is Co-living and How Can It Help Your Multifamily Property? by Jay Chang

BiggerPockets Daily 466: 7 Disadvantages to Investing in Syndications and Funds by Paul Moore

BiggerPockets Daily 465: The 6 Top Unsafe Property Living Conditions That Landlords Must Avoid by Remen Okowura

BiggerPockets Daily 464: Investing in Self-Storage: Why Cap Rates Don’t Matter (That Much!) by Paul Moore

BiggerPockets Daily 463: 11 Things a Landlord Cannot Do Before or After Leasing Out a Property by Remen Okowura

BiggerPockets Daily 462: Personal Finance is Personal: Follow Along With Mindy Jensen's Budget Wins (and Losses) in 2022 by Mindy Jensen

BiggerPockets Daily 461: How Squatters Rights Affect Landlords by Remen Okowura

BiggerPockets Daily 460: Do You Need a Property Manager—or Can You Manage Your Properties Alone? by Andrew Syrios

BiggerPockets Daily 459: Evictions Bans Have Ended—Here’s How to Evict Someone From Your House by Remen Okowura

BiggerPockets Daily 458: Self-Storage Performance Post-Pandemic: A View from the News by Paul Moore

BiggerPockets Daily 457: Active or Passive? How to Benefit from Both Management Styles in Your Portfolio by Ilana Polyak

BiggerPockets Daily 456: If You Want to Be a Savvy Investor, Be Wary of These Inflation-Related Myths by Phil McAlister

BiggerPockets Daily Podcast

Previous Episodes

BiggerPockets Daily Podcast

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