The Landlord Profitability Playbook Podcast

Ep011: Can They CONTROL Rehab and Maintenance Costs? – Part 4 Of What To Expect From Your Property Manager

July 26th, 2024  |  41 mins 49 secs

Welcome back to The Landlord Profitability Playbook Podcast! In this fourth episode of our 12-part series "What To Expect From Your Property Manager," hosts Chris McAllister, Laci Leblanc, and Gretchen Mitchell will explore the critical role of controlling rehab and maintenance costs in maintaining landlord profitability.

Join us as we take a deep dive into:

• The importance of proactive decision-making and tenant selection to prevent costly repairs down the line.

• How adhering to the 'Neighborhood Standard' can preserve property value and enhance tenant satisfaction.

• The advantages of employing W2 maintenance personnel and providing work trucks to boost operational efficiency.

• Best practices for managing costs transparently, collaborating with trusted contractors, and leveraging technology platforms like Property Meld and Appfolio.

• The significance of having a dedicated Rehab & Maintenance Manager and a robust policy for cash management and reserves.
We also share insights into our own Rehab and Maintenance team's journey at ROOST Real Estate Co., including their roles, structure, and our plans for the future.

Whether you're an experienced investor or new to the game, this episode is packed with actionable tips and insights to help you manage your properties efficiently and economically.

Listen now to Episode 4: "Can They CONTROL Rehab and Maintenance Costs?" and take the next step in mastering your real estate investments.

For more resources and to explore investment opportunities with ROOST Real Estate Co., visit our website.

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EP010: Meet The Team Then Decide – Part 3 of What To Expect From Your Property Manager

June 27th, 2024  |  55 mins 41 secs

Welcome to The Landlord Profitability Playbook Podcast! In this third episode of our 12-part series, "What To Expect From Your Property Manager," hosts Chris McAllister, Laci Leblanc, and Gretchen Mitchell dive deep into the importance of meeting your property management team before making any commitments.

In "Meet The Team THEN Decide," we explore the foundational role of trust in managing your valuable assets. We'll discuss the value of local expertise, the collaborative nature of the property management relationship, and how to get a feel for team dynamics. We'll also cover key performance metrics you should inquire about and the overall structure of an effective property management team.

By tuning in, you'll learn how to assess whether a property management team is right for you, ensuring they have the necessary tools, clear roles, and the commitment to high standards that will help optimize your investment returns.

Join us for insightful tips and strategies that will help you make informed decisions about your property management partnerships.

Hosts:
• Chris McAllister
• Laci Leblanc
• Gretchen Mitchell

Key Topics Covered:
• Building trust
• Importance of local expertise
• Collaboration in property management
• Assessing team dynamics
• Understanding key performance metrics
• Effective team structure

Ensure your properties are managed effectively by teaming up with professionals who view your investments as their own.

Don't miss this episode for valuable insights and actionable advice!

Ep009: List and COMMUNICATE Your Minimum Expectations and Non-Negotiables – Part 2 of What To Expect From Your Property Manager

May 21st, 2024  |  43 mins 23 secs

This is the 2nd of our 12-part series called What To Expect From Your Property Manager.

Whether you are your property manager, you are already in a property management relationship, or you are thinking about hiring a property manager, this series help you set expectations for performance that can only positively impact your profitability over time.

In this episode Chris, Laci, and Gretchen discuss being able to list and communicate your minimum expectations and non-negotiables for your property manager.

We are going to talk about motivation – yours and your property manager’s, communication and accessibility expectations, alignment and systems, fiduciary responsibilities, compatibility and performance, and doing your due diligence.

I guarantee you will find tips tricks habit and mindsets you can you to make your real estate investments work for you – and not the other way around.

Ep008: What To Expect From Your Property Manager Part 1 Get Clear On What You Want From This Relationship

April 16th, 2024  |  40 mins 56 secs

This is the first of our 12-part series called What To Expect From Your Property Manager.

Whether you are your property manager, you are already in a property management relationship, or you are thinking about hiring a property manager, this series help you set expectations for performance that can only positively impact your profitability over time.

Chris and Laci kick off this series with a discussion about getting clear in your mind about what you want in a property management relationship.

Specifically, we cover the many hats a property manager wears in the course of a month, being able to articulate your reasons for investing in real estate in the first place, managing property remotely, the value of your time as a scarce resource, and the hidden and not so hidden costs of going it alone.

As an extra bonus we are going to be joined for this series by Gretchen Mitchell, Director of Property Management for ROOST Real Estate Co.

I guarantee you will find tips tricks habit and mindsets you can you to make your real estate investments work for you – and not the other way around.

Ep007: Expand Your Empire With Rachael Schwalenberg

February 12th, 2024  |  30 mins 20 secs

I’d like to introduce Rachael Schwalenberg to the Landlord Profitability Playbook Podcast.

Last summer I was listening to the Evernest Real Estate Investor podcast while on the bike path and the guest that day was Rachael Schwalenberg of Columbus, Ohio.

Now I listen to a lot of podcasts and I am not easily impressed but Rachael was amazing. She clearly knew the Columbus market inside and out. It was not a ‘rah-rah’ perspective either. It was nuanced, thoughtful, and in my opinion absolutely accurate.

As soon as I got home I got on the Google machine and tracked her down, sent her an email, and we have been friends and referral partners ever since.

Rachael’s years of experience in the Columbus market as a Realtor, property manager, broker owner, entrepreneur, and investor make her an invaluable resource to our listeners on The Landlord Profitability Playbook podcast as well as our listeners on our sister podcast Connect Practice Track & Grow for real estate professionals.

When it's time to expand your empire, Rachael is the professional you want to work with

Ep006: Annual New Year Podcast 2024

January 29th, 2024  |  1 hr 5 mins

This episode is extra special because it also falls on the occasion of the 10 year anniversary of ROOST Real Estate Co.

Listen as Laci and I recap 2023 and layout my key initiatives for 2024 and beyond.

Ep005: The Springfield Ohio Landlord Registration and Licensing Ordinance

December 8th, 2023  |  32 mins 57 secs

In today’s episode Laci LeBlanc and I talk about The Landlord Registration and Licensing Ordinance 23-36 enacted by the City of Springfield Ohio on January 31, 2023.

In this episode we discuss the ordinance, the process by which it is being enforced, and the legal basis for pushing back on this infringement of property rights and ultimately tenant rights.

I have serious concerns about this ordinance both as a residential real estate investor in the city, and as a licensed real estate broker managing investment property on behalf of our owner clients.

These types of initiatives are being enacted throughout Ohio and in other states as well. Whether you have investment property in the Springfield area or not, I think you will want to be aware of this trend across the country.

Ep004: How to Choose the Right Tenant for Your Rental Property

October 18th, 2023  |  55 mins 37 secs

In today’s episode Laci LeBlanc and I talk about How To Choose The Right Tenant For Your Rental Property and the strategic, and tactical, steps you can take to ensure that your tenants not only pay the rent on time, but leave the property in as good or better condition than when they moved in.

Whether you are an accidental landlord or a seasoned investor, I think you will find this episode thought-provoking and enlightening.

Ep003: Which Amenities To Add (& Avoid) in Your Rental Property

September 6th, 2023  |  42 mins 52 secs

In today’s episode Laci LeBlanc and I continue our conversation around the neighborhood standard and how this core landlord profitability concept relates to decisions around what amenities to add – or avoid adding – to your properties.

Whether you are considering buying a new rental property or making some capital improvements to an existing property, I think you will find this episode thought provoking and enlightening.

Ep002: 4 Ways to Ensure Your Property is Up to Neighborhood Standards

August 16th, 2023  |  32 mins 18 secs

IIn today's episode of the Landlord Profitability Playbook podcast, Laci and I give you a step-by-step guide to ensure your property is hitting the neighborhood standard without overshooting.

We speak about grasping the nitty-gritty of the rental market, including how to pinpoint the rental rates that are just right for your neighborhood.

Tune in for insights and strategies you've never heard of before, guaranteed to maximize your returns in the property investment game.

Ep001: The Landlord Profitability Playbook

July 20th, 2023  |  1 hr 19 mins

Welcome to the very first episode of the Landlord Profitability Playbook Podcast.

I couldn’t think of a better way to kick off this new series than to share a discussion I recorded with Kristi Linebaugh of 90MinuteBooks.com about my book The Landlord Profitability Playbook / The Eight Profitability Plays You Need to Automate Property Management and Get on With Your Life.

There are a lot of great nuggets of information here and I hope you enjoy listening.