As a real estate investor or property manager, it’s imperative that you have great representation regarding tax considerations. This is true, not only for running our own businesses, but also to provide the best possible advice if you have investment partners or investment property clients for your property management business. The key is planning to successfully and legally reduce tax liability in order to maximize after-tax income.On this episode of Property Management Brainstorm, host Bob Preston is joined by Richard Hart, of Hart & Associates, a tax consulting firm providing guidance and services to property managers and investors. Richard is also a NARPM affiliate for those of us who are members of the National Association of Residential Property  Managers. Richard and Bob explore tax related considerations that all property managers and investors will want to hear.. Topics Covered[2:40] Richard introduces himself, his tax accounting company Hart Associates, and how they can help you protect your hard earned money through legitimate and legal real estate tax planning.[4:25] Reactionary vs. proactive: Richard explains the most common tax mistake he sees from real estate investors and property managers.[7:25] From a tax and legal perspective, what is the best company structure is most favorable for real estate investors and property management companies?[10:15] Many real estate companies received Payroll Protection Program loans during the peak of the Covid-19 pandemic. What is the proper accounting method for showing these loans on your company books once the loan has converted to a grant?[13:10] Bob and Richard discuss the length of time real estate accounting and tax records should be retained in case of audit.[15:05] Richard reviews the process for handling foreign investors who are seeking property management for their USA based real estate investment.[20:45] IRS Forms 1099-misc and 1099-NEC, which one is right for reporting nonemployee income?[22:05] The "2 out of 5" rule of rental properties to claim the tax exemption on capital gains when a property is sold.[25:32] A quick overview of the concept of 1031 Exchange.[29:55] Real estate tax decution fundamentals. [33:10] Richard shares his closing thoughts and how you can reach him to learn more about tax considerations for real estate investors.Connect with Richard Harthttps://www.hartassociate.com/Connect with Bob Prestonhttps://www.ncpropertygroup.combob@ncpropertygroup.comThis episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify,  TunedIn,  iHeart Radio and YouTube.

Property Management Brainstorm

Episode 62 - Tax Considerations for Real Estate Investors

Property Management Brainstorm host, Bob Preston, wrote an article for the December issue of NARPM’s Residential Resource Magazine, titled Ten Best Practices in Relationship Management. We thought it would be good to spend todays FMF on a quick review of those 10 best practices: Online Presence – This is where a cand interacting with your company digitally through your website or social media. CRM Software – Everything related to staying connected with that individual customer can be found in one place – names, addresses, numbers, contact info, and notes on the history of the relationship.Responsiveness – If you don’t respond quickly, either too a new prospective customer or an established one, it will be impossible to forge a positive relationship. Building Trust – There is no silver bullet for this one, just using common courtesy – show up on time, respond when you say you will, bring solutions and not problems, be an expert not an instigator. Regular Communication – Staying in touch with your customers and keeping an open line of communication is of course critical to positive relationships. Reviews – While you have no control about what a customer may say, it stokes the relationship when you let them know how they can leave a review. Customer Appreciation – Your customers are more than a profit center and number on a spreadsheet. The are a living/breathing source of your good fortune to have paying clients and deserve to have a relationship with you. Giving Back – Showing customers you are a socially responsible company goes a long way toward indirectly improving what customers think of you. Dispute Resolution – It is highly likely that we all will face occasional conflict with a customer which provides an amazing opportunities to change the narrative, do the right thing, and show your ability to listen toward a mutually beneficial solution. Staying Ahead of the Curve – Embracing ways to improve your customer service by staying up on trends and adapting them to your company will go a long way to improve your relationship management.Relationship management is not always about the bottom line. Creating a company culture to treat others with respect will be the ultimate foundation for a great relationship management program, and you bonus, you will likely get new customers in the process!Connect with BobNorth County Property Grouphttps://www.ncpropertygroup.com/This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TunedIn, iHeart Radio and YouTube. 

Five Minute Friday #60: Ten Best Practices for Relationship Management

As a landlord or property manager, do you ever feel like the word “landlord” comes with a negative connotation? The word has been in use for over 1000 years, dating back to an Old English concept, in which tracts of land were owned by a single person who came to be known as a "lord", and those occupying the land became bound and dependent on their lords for protection and of course obligated to pay rent for that privilege. Even though our culture has moved well beyond this ancient system, the lingering negative essence of the word "landlord" remains for many. For some in the industry, we need to change the narrative away from the term &apos;landlord" with a preference for "housing provider". On this episode of Property Management Brainstorm, Bob&apos;s guests are Mark Scott, of Encore Realty, in Bonita, CA and Danielle Rogers, of All Seasons LLC,  in Colorado Springs, CO. Both of our guests are involved in national, state, and local government affairs and action committees and have been advocating such a change in terminology.  Topics Covered[3:10] Mark and Danielle introduce themselves, tell us about their companies, and what they are doing to advocate changing this narrative from landlord to housing provider.[5:15] Mark explains his inspiration behind writing his recent article in Residential Resource magazine about this topic.[8:20] Is there a stereotype that landlords are bad guys and where does that come from?[10:55] Might this perception of landlords change now that the CDC has backed off on the eviction moratorium?[20:10] Should we as property managers and housing providers be more involved at the local level with our city councils and local leadership? [29:40] Mark and Danielle share their closing thoughts and how you can reach them to learn more.Connect with Mark Scotthttps://www.encorerealtysd.com/Daniel Rogershttps://www.propertymanagementincoloradosprings.com/Connect with Bob Prestonhttps://www.ncpropertygroup.combob@ncpropertygroup.comThis episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify,  TunedIn,  iHeart Radio and YouTube.

Episode 61: Changing the Narrative

We are very proud that North County Property Group has been awarded with the CRMC designation by the National Association of Residential Property Managers ( NARPM).  CRMC stands for Certified Residential Management Company and we are the only property management company in San Diego County to have this honor, only one of four in all of California, and one of less than 50 nationwide.  So what is the big deal and why are property management designations important?  The CRMC and other designations such as the Residential Management Professional (RMP) and Master Property Manager (MPM), shows the world and your local market that you are experienced, educated, have good processes, and have subjected yourself to an outside party for evaluation, audit, and certification.  Would you want someone who is not a CPA to handle your tax return?  I doubt it!  Likewise, why would you want someone who does not have a designation to manage your property? Designations are an endorsement of the property manager&apos;s systems, processes, policies, and compliance with state and national landlord/tenant law.Connect with BobNorth County Property Grouphttps://www.ncpropertygroup.com/This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TunedIn, iHeart Radio and YouTube. 

Five Minute Friday #59: The Importance of Property Management Designations

Hello and Labor Day weekend!  As the Summer winds down and we move into Fall, Property Management Brainstorm wants to say thank you for your trust and confidence as a listener of the podcast. Our objective, and Bob Preston&apos;s as well, is to be a trusted source of information for you as a real estate investor, landlord, or property manager. Counting you among our listeners is something for which we are especially grateful.We are also proud to announce that our podcast host, and CEO of North County Property Group, Bob Preston, has been elected to the Board of Directors for the National Association of Residential Property Managers (NARPM®). We thought our listeners would be interested to know that Bob will be serving NARPM at the national level for a two-year term as the Southwest Regional Vice President and board member, having been nominated and elected by NARPM members who are a group of property management peers within the industry.  If you are not familiar with NARPM, it is the industry association, trade organization, and lobbyist group for the residential property management industry. The organization currently represents more than 6,0000 property management members nationwide. So, it is a distinct honor for Bob to be serving in this capacity!TGIF, Happy Labor Day weekend. That’s it for today&apos;s FMF and we will catch up with you next Friday!!!Connect with BobNorth County Property Grouphttps://www.ncpropertygroup.com/This episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TunedIn, iHeart Radio and YouTube. 

Five Minute Friday #58: Happy Labor Day! I've Been Elected to the NARPM Board of Directors!

As a landlord or property manager, do you ever feel like you just can’t take a break from your property management job? Keeping your eyes on the ball so nothing falls through the cracks at your rental properties can be a never-ending concern. Maintenance requests, property viewings, leases to review and sign, tenant move ins, rent collection. Yikes! Research shows that many small business owners either don’t take vacation, or when they do, it’s a “working vacation”. On this episode of Property Management Brainstorm, Bob&apos;s guests are Kathleen Richards of PM Made Easy and The Property Management Coach in Santa Cruz, CA; Liz Cleyman of Grace Property Management in Thorton, Colorado; and Kellie Tollifson of T-Square Properties in Bothell, WA. Bob and the panel discuss the top five reasons why, even property managers, should take a vacation from their business. They will also share their own personal tips and secrets on planning that occasional escape and how it benefits their companies when they do find time away.  Topics Covered[2:40] Kathleen, Liz, and Kellie introduce themselves, tell us about their companies, and how they spent their most recent vacation.[10:15] Kathleen explains the inspiration behind writing her recent article in Residential Resource magazine about the importance of taking a vacation.[12:50] #1 Brainstorming New Ideas: this may at first seem counter intuitive when trying to get away from it all.[16:12] #2 You&apos;ve Earned It: it is not selfish to take a vacation, it’s a necessity![23:00] #3 Work/Life Balance: getting back in touch with the "why". [30:55] #4 Improve Productivity: achieve a happy, more satisfying life.[34:40] #5 Show Your Team You Trust Them: let your team demonstrate they’ve got things under control.[40:00] Summary with Kathleen, Liz, and Kellie sharing their closing thoughts and how you can reach them to learn more.Connect with Kathleen Richardshttps://www.thepropertymanagementcoach.com/kathleen@thepropertymanagementcoach.comConnect with Liz Cleymanhttps://www.rentgrace.com/aboutlizcleyman@gmail.comConnect with Kellie Tollifsonhttps://tsquareproperties.net/ktollifson@tsquaremanagement.comConnect with Bob Prestonhttps://www.ncpropertygroup.combob@ncpropertygroup.comThis episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify,  TunedIn,  iHeart Radio and YouTube.

Episode 60: Five Reasons to Take a Vacation from Your Property Management Job

The Housing Choice Voucher (HCV) program, often referred to as Section 8, is federal government assistance, administered by HUD, for very low-income families, the elderly, and the disabled. The purpose of the program is to provide participants with affordable, decent, safe, and sanitary housing in the private market. Participants are provided with financial assistance, in the form of a voucher, so they can find their own housing within single-family homes, condominiums, townhouses, or apartments in any geographical location and choose  any housing, provided it meets the requirements of the program. The goal then, of the Section 8 program is to deliver on the promise of housing choice and opportunity for participating  individuals.On this episode of Property Management Brainstorm, Bob  speaks with a panel of guests to  discuss Section 8, some of the challenges in working with Public Housing Authorities (PHAs)  and HUD, and why the program at times seems elusive. Joining the show on the panel is Tyler Craddock, the Governmental Affairs Director for NARPM; Patti Robertson, Owner and Principle Broker of Property Management Inc (PMI)  Virginia; and Amanda Han, Property Manager and Chief Operating Office of Cornerstone Properties in Aiea, Hawaii.  Topics Covered[2:15] Tyler, Patti, and Amanda introduce themselves and their companies.[3:15] Tyler explains the overall Housing Voucher Program policies and what reforms might be coming in 2021 and beyond.[7:00]  Patti and Amanda comment on why the goals of housing security and geographic choice have sometimes proved elusive.[11:05] Is the Section 8 program able to keep up with the escalating cost of housing and ever tightening housing market?[16:15] Why the market pressures on property management companies to fill properties quickly for their clients can sometimes make placing Section 8 tenants challenging. [20:55] The screening process for Section 8 participants.[23:00] Is HUD aware of these challenges and is there bipartisan support in Washington DC for reform?[24:05] Common misconceptions of Section 8 and the Housing Choice Voucher program.[30:00] Summary with Patti, Amanda, and Tyler sharing their closing thoughts on Section 8.Connect with Patti Robertson PMI VirginiaConnect with Amanda HanCornerstone Properties HawaiiConnect with Tyler CraddockNARPM Government AffairsConnect with Bob PrestonNorth County Property GroupThis episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify,  TunedIn,  iHeart Radio and YouTube.

Episode 59: Understanding Section 8 and the Housing Choice Voucher Program

Hello Brainstorm faithful!  We are happy to be back on the air with more Five Minute Friday and Property Management Brainstorm episodes, refreshed and invigorated after a month long hiatus for vacation, family time, and clarity breaks!  In this FMF, Bob makes the announcement  that he is now a NARPM® MPM®!  That is, the Master Property Manager designation from the National Association of Residential Property Managers. Bob has worked hard over the past year to achieve this designation and honor and describes his journey to obtain the award. At this time, Bob is the only MPM in all of San Diego County and one of only about 270 nationwide, so it is definitely a distinction to be proud of and is kind of a big deal! An MPM® designation is the highest that an individual member of NARPM can achieve. Obtaining the MPM sets a property manager apart due to the extensive education requirements, managing a minimum of 500 properties over a five year period, and giving back in the form of volunteer work and service to the NARPM organization.   Another update, North County Property Group has submitted its application to be considered for the CRMC® by NARPM. That is that is the Certified Residential Management company designation.  This designation is given to the company, not an individual, and requires an audit the day-to-day processes, accounting and legal practices, and confirmation of compliance with all landlord/tenant laws in the state of California.  We&apos;ve not yet been informed of the outcome, but we are optimistic we have passed, and will keep you all posted. That’s it for today&apos;s FMF, we are glad to be back on the air, and will catch up with you next Friday!!!Connect with BobNorth County Property GroupThis episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TunedIn, iHeart Radio and YouTube. 

Five Minute Friday #57 - Back on the Air, I'm Now an MPM!

Hello Brainstormers!  We hope you all had a very happy and safe 4th of July holiday and are enjoying your summer! It is great to have things open again for the beach, BBQs, and fireworks, wherever you may be. We needed a day off on the 4th and we are sure those of you in the property management business did too!  It’s been tough to keep up with the show that past few weeks as we’ve been making some changes at North County Property Group to pivot back to a full reopening scenario in the State of California and at our company. Just like when the pandemic started and we had to put new policies in place to adjust to the stay at home orders, we are now rolling back some of the policies we had put in place and opening up our office in full again. June was an interesting month as we determined the rules implemented here in California and where we needed to pivot to adjust to full reopening. Bob is going to be taking some clarity time during the rest of July to enjoy time with his family, so we will be pausing our Property Management Brainstorm broadcasting for the rest of the month.  Property Management Brainstorm full episodes and Five Minute Fridays will back be back on the air with great content again as of early August, 2021. Thank you so much for subscribing, listening and supporting Property Management Brainstorm!  I’m going to be recharging  by batteries and will catch you soon in early August!Connect with BobNorth County Property GroupThis episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TunedIn, iHeart Radio and YouTube. 

Five Minute Friday #56 - Happy 4th of July, Taking a Clarity Break!

As a property manager or landlord, do you ever worry that you are not truly getting the full financial picture when screening tenant applications? A rental application may look quite good and complete, but in reality, some of the aspects that would be helpful in making a decision may not be visible. Wouldn’t it be cool if you could verify renter&apos;s income, payroll, past rent payments, NSF & overdrafts all in one, easy to pull, screening report? On this episode of Property Management Brainstorm, Bob speaks with Craig Schoen, CTO at Rentify.  Rentify is a company dedicated to helping property managers and landlords utilize a new approach to get that full picture of a tenant&apos;s financial strength during the screening process.Topics Covered[2:40] Craig introduces himself and the concept of "open banking technology" in their solution to tenant screening during the rental application process.[3:45] What is open banking technology and how long has it been around?[5:30]  Streamlining the rental application process.[6:15] Craig explains what is contained in the Financial Resume Report which is the output of the Rentify application process.[8:45]  How about landlord verifications and credit reports? Are these part of the Rentify solution?[14:00] How to make sure your process remains with Fair Housing guidelines.[15:30] Craig describes the entire flow of a prospective tenant submitting their rental application through Rentify.[18:30] Who pays for the Rentify application screening, the tenant or the property manager?[20:20] Craig describes the discount program Rentify offers to NARPM members.[21:00] Craig shares a personal story about his grandfather&apos;s success in the auto industry.Connect with RentifyRentify Discount for NARPM MembersConnect with BobNorth County Property GroupThis episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify,  TunedIn,  iHeart Radio and YouTube.

Episode 58: The Full Financial Picture, Featuring Craig Schoen of Rentify

Bob Preston, host of Property Management Brainstorm, discusses the topic of relationship management in property management with Zach Williams of the Partnerships and Business Development Team at Podium.  Several of the best practices in relationship management involve connecting with customers through ongoing messaging touchpoints and online reviews.Podium is a customer messaging platform that can help property management companies achieve these ongoing touchpoints, ultimately bolstering their customer relationship management and loyalty. Zach joins Bob to tell us more about Podium and their messaging platforms.Topics Covered[2:15] Zach kicks things off by introducing himself and provide the quick elevator pitch about Podium.[5:30] Bob asks Zach to explain the difference between relationship management and interaction management for property managers. [6:20]  What specifically is meant by "messaging tools"? [8:08] Managing the messaging tools through the Podium software as a service dashboard.[9:45] Relationship management is over the entire “customer journey” of stakeholders with your property management company.[11:48] Getting specific: how Podium handles online chat and review management through text messaging.[13:50] With texting as the main communication interface, can you expect a higher response rate, say compared to email or phone messages?[17:11] Does it take additional staffing to handle the Podium platform? (ie, dedicated personnel to online chat and reviews).[18:45] Making the cultural shift to digital communications.[21:37] Podium&apos;s pricing and the partnership program discount for members of NARPM (National Association of Residential Property Managers).[24:55] Dave shares a personal story about how he came up with the idea for Certificate Manager.Connect to PodiumPodium Discount for NARPM MembersConnect with BobNorth County Property GroupThis episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify,  TunedIn,  iHeart Radio and YouTube.

Episode 57: Messaging Touchpoints and Online Reviews, Featuring Zach Williams of Podium

As a landlord or property manager, do you ever worry that a maintenance vendor you send to a property might not have the correct insurance coverage? Dispatching a repairman with insufficient or expired insurance could create a liability on your property management business. Further, its a big job to track all of the insurance policies from vendors to make sure they remain in compliance with your standards for coverage. On this episode of Property Management Brainstorm, Bob discusses the topic of tracking certificates of insurance with Dave Bixler of Thimble. Dave explains a service called Certificate Manager that helps landlords and property managers make sure vendors and contractors have the right policy in place and provides for tracking Certificates of Insurance in one online location.Topics Covered[2:55] Dave Bixler introduces himself and Thimble.[4:15] Why it&apos;s  important to make sure that those vendors have proper insurance coverage. [4:55]  What type of insurance should a landlord and property manager make sure their vendors have in place before sending them to a property? [8:20] What should landlords and property managers obtain as proof of insurance from a vendor or contractor and how Thimble Certificate Manager can help keep these documents organized?[11:00] Recommended insurance levels for various types of contractor trades.[12:45] Best practices for utilizing Certificate Manager for tracking Certificates of Insurance.[16:15] Are certain contractor trades risker and require higher insurance limits? .[22:30] Obtaining insurance policies for one-time vendors or contractors who may be too small to afford annual insurance policies.[28:30] Thimble&apos;s program for members of NARPM (National Association of Residential Property Managers).[30:00] Dave shares a personal story about how he came up with the idea for Certificate Manager.Connect to Learn More About Small Business Insurance From ThimbleThimble Certificate Manager for NARPM MembersConnect with BobNorth County Property GroupThis episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify,  TunedIn,  iHeart Radio and YouTube.

Episode 56: Tracking Vendor Certificates of Insurance, Featuring Dave Bixler of Thimble

In the crowded space of the property management industry, making sure your company is standing out in the crowd is more important than ever. Tech savvy property managers are using digital media to snag single family owners with through their online presence. So, what about you? Are you putting your best foot forward with digital marketing?On this episode of Property Management Brainstorm, Bob discusses the topic of digital marketing for property management companies with Nicki Callahan, Founder of Nest Publications. Nest Publications is a digital marketing group that is helping to drive property management business leads and revenue. Topics Covered[2:20] Nicki introduces herself and explains what Nest Publications is all about.[3:40] The concept of a "digital magazine" for promoting property management companies and their rental listings.[5:00]  Nest Publications is currently servicing 8 states, hopes to be nationwide soon. [6:15] Branding and content for the digital magazine.[8:10] How is the digital magazine for property management companies distributed?[13:12] Showing off the customized and branded digital magazine as a demo.[15:30] Nicki explains the pricing model for the digital marketing plans and provides information on the special discount offered to members of NARPM.[16:25] Tracking the metrics and KPIs of the digital marketing program.[18:25] Nicki shares a great story about her time growing up that shaped her approach to life and business.Connect to Nest Publicationsinfo@nestpublications.com Special Nest Program for NARPM MembersConnect with BobNorth County Property GroupThis episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify,  TunedIn,  iHeart Radio and YouTube.

Episode 55: Standing Out in the Crowd, Featuring Nicki Callahan, Founder of Nest Publications

California&apos;s Proposition 19, goes into effect on April 1, 2021,  offering many protections to California home owners. If you are a California homeowner or investor, could you take advantage of the new benefits provided under this new law? Today&apos;s Five Minute Friday offers a quick summary of what Prop 19 is all about.  1. Senior citizens often live in homes that are no longer a fit because it may be too large or far away from loved ones or medical providers. 2. Severely disabled individuals might live in a residence that is no longer safe or suitable. 3. California wildfire victims, possibly losing everything if their home was destroyed, could have property tax hikes if they desire to move to a new home.Because of these new advantages and if you meet any of the criteria above, this might be the time to selling your California home, even if it is a rental home or a vacation home.Have a listen to learn more about Proposition 19. If you are interested in taking advantage of Proposition 19 by selling your rental home or buying an investment property, our real estate sales division can help! Connect with BobNorth County Property GroupThis episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify, TunedIn, iHeart Radio and YouTube. 

Five Minute Friday #55 - Summary of California's Proposition 19

So far in 2021, we have been featuring new opportunities in the property management industry. One area not yet explored on the show is Real Estate Syndication.  As a general definition, real estate syndication is a partnership between several investors. They combine their skills and capital to purchase and manage a property they otherwise could not afford. If you’ve got an eye for a good deal and good partners, this might be a great opportunity to explore in 2021, either as the syndicator or as an investor.On this episode of Property Management Brainstorm, Bob discusses the topic of Real Estate Syndication with AJ Shepard of Uptown Property Management, Portland Oregon. He and his company are expanding their business by syndicating real estate, pooling money from investors to buy larger, more profitable, and more stable projects. We are excited to hear what he has to say and how he views this area of opportunity for investors and property management companies. Topics Covered[2:40] AJ introduces himself, his company, and how he got started in Real Estate Syndication.[6:30] AJ gives explains the term “real estate syndication”.[9:00]  What are the possible legal and financial structures for real estate syndication arrangements? [12:25] When identifying a real estate syndication project, what comes first, the chicken or the egg?[16:05] Building an investor network for funding real estate syndication projects.[17:15] Bob and AJ discuss the various steps and sequence of putting a project and deal together. [22:10] Communicating with investors and sending a Private Placement Memorandum to present the financial structure of the project.[23:40] AJ provides his definition of Return on Investment, Cap Rate, and Internal Rate of Return (IRR).[28:25] As a syndicator, hiring yourself as the property management company.[32:50] Communication and information shared by the syndicator to the investors.[36:25] AJ shares a story of a family property located in Mexico that has been passed down through generations.Connect to Uptown Property Management and Syndication AJ Shepard on LinkedInConnect to the Westside Investor Network Podcast Connect with BobNorth County Property GroupThis episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify,  TunedIn,  iHeart Radio and YouTube.

Episode 54: Real Estate Syndication, Featuring AJ Shepard of Uptown Property Management

Property Management Brainstorm provides tips and advice to property managers, homeowners, and property investors about renting and managing their residential investment properties, tenants, and vendors. This podcast series is conducted in an interview discussion format by Bob Preston – president, owner and real estate broker of North County Property Group, a top ranked San Diego property management company. Bob interviews top professionals and experts in their respective fields related to the real estate and property management industry with the goal of providing insight and best practices to maximize your property value and income while maintaining top notch tenant relations.

hubhopper

Property Management Brainstorm

hubhopper