5 ways landlords get rich off one rental property
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- čas přidán 15. 11. 2021
- Breaking even on your rental property in the first year is just fine. Stabilization costs money, and you’re improving your asset for more consistent long term performance.
Plus.. real estate investors make money 5 different ways…
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Nobody motioning that he used a whiteboard marker on a computer screen 😂
It comes off easily
@@theunholybanana4745 yeah I had my teacher do that to a smart board because the smart board pens weren't working
@@Realstormgamingofficialyt same
Nah fax 😂
Literally thinking that
"I'm raising rents every year"... We're not getting our wages increased enough every year.
Scum gonna scum
It’s wishful thinking at best. He won’t be able to find tenants after a couple of increases. Also it’s just a shitty thing to do.
@@lukeh3020 let his tenants see this video. The apartments look like crap anyway.
@@annieburley2068 Quite. I love how these property bros rely on the value of their assets increasing exponentially forever. When the tables turn and they’re so highly leveraged (I.e. only has 22k invested but reckons he’s getting 200k profit annually) then it will go catastrophically wrong. Like bankruptcy level wrong.
Honestly I stayed in a apt for 5 years, they increased rent every year. I think everyone is doing that.
You're raising rent *every year?* Yeah, good luck keeping tenants long term, which you want to with rentals
That's how the world works
The rent will increase every year that our currency is not backed with gold.
@@pickleddolphinmeatwithhors677THEN dont cry when USA goes 1950's china or revolutionary france MODE
@@jaredlu2200 "Face the wall!" 🤡
@@pickleddolphinmeatwithhors677 bruh mortgage payments don’t increase
Well... i prefer keeping my tenants and probably increase rent after 4 years of long term inside my property.
U write with a marker on your pc screen?
Hit us with the excel template
That's what I'm saying!
"I'm Raising rent every year"
Tenant: adios amigo
Yeah, thanks for pricing me completely out of the Phoenix rental market.
That isnt landlords fault. Blame the government you voted for
@@jimfleece2880 And your knowledge of who I voted for came from where? You can't even word or punctuate a sentence properly, and you're pointing a finger at me?
@@manofthetombs do you know that the government has great effects on the housing market and the economy. So why exactly are you blaming landlords ?
@@jimfleece2880 I understand rentals quite well. I have been living in rentals for 40+ years. I know what governmental effects are, I know the whole BlackRock buying properties and forcing people into renting instead of buying story, I know all about the pack & stacks. I know. There are two landlords. One owns the property and desires to squeeze every ounce of blood out of the people that live on his/her property. The other is a property "manager" hired by the property owner who will ruthlessly execute every word of the property owner's lease to ensure that all blood is squeezed from the tenant to maximize the property owner's profits.
It wasn't always this way. But that is how a vast majority of Phoenix rental properties operate now! Oh, and by the way, I have lived in 6 different states, renting in all of them. You may still run across a grandma that owns a rental property and is looking for a good long term tenant. But when grandma dies? A ruthless landlord will rise from her ashes. And that ruthless landlord is the subject of the video that this comment is attached to.
Great video ❤ was stressed out when gettin bank statements and paystubs for my apartment had to purchase them from online but I’m all good now 👍🏾moved in last week
raising the rent every year is crazy.... greed is real
Ok, but when are you going to share that excel file 😍
Disgusting people do exist ❤😂
Past performance doesn't guarantee future results. Just because inflation doubled rents in 10 yrs doesn't mean this trend will continue. Everything reverts to the mean. Eventually and always.
I think being a landlord nowadays is not worthy it. Investing hundreds of thousands to make an extra 500$ a month doesn't make much sense especially considering the risk factor such as a big property repair or a bad tenant. You'll end up in even more debt
Real estate is very flexible and different ways to get into it.
I first bought a multi family and was making zero profit. Nowadays that property gives me $7K per month and worth $1M. Re is not a get rich quick, you gotta be in long term.
What there saying is only put a small amount in, buy through a company, everything is deductible. Then do the same again and again. It’s all numbers on a screen really.
The money get jiggled around from place to place, figures go up, more property gets bought. Before you know it you own half of America. And live on an island next to Richard Branson, it really is that simple.
mortgage exists
@@syedarshaan769correct, but you need smaller outlays for bigger profit.
Say you buy a property for $100,000 cash and get, $500 a month.
Instead put 10% down. So as long as you make more than 10% of the $500 in profit you are actually up ⬆️.
More profit % wise per $ invested.
How much should be spent on improvement or renovation? What's the percentage rate?
Expectation:25-30%
Reality: 2%
This is the problem people. They want to get rich renting properties. The stupidest way. Getting rich by leaving others homeless. Then they're flexing thier money around on boats and luxury. Sad 😢😢
How can I get a copy of that excel document???
Raising rent is increased cashflow.
You make cash flow, equity, and gains. You can't make money off expenses. Even then, you really only make money with the operating income and gains. Operating income is split between cash flow and equity.
Can you show your spreadsheet set up?
Video from last week?
Would you be willing to share your form?
How do you calculate appreciation?
1. Comparative Market Analysis
2. Zestimate for a non-official estimate.
great
Didn’t hear a word you just said. I could only see that marker on the screen.
you still made $500 only, the rest is about if you exit at the right time.
Is this the same about in every country
GAME🎉
How do i get in touch with you
👀👀👀👀👀🤑🤯
Why u drawing on a monitor ?
Y U WRITE WITH THAT!!!
I want to learn how
First work on your credit, second start listening to the “bigger Pockets” podcast, on CZcams or other platforms
You will learn different strategies, which include no money down, etc
What software is that
Microsoft Excel
It’s google sheets
He spent $30,000 on computer monitors.
bs
@@bijanmukherjee8997 I'm talking about how he just writes on his screen... Jesus
555
Any body realize we now know he raising rent so find a better paying job or move out
Goat status
now go clean your screen
Real estate investors get rich in five different ways
1. Being parasites and exploiting others
2. Being parasites and exploiting others
3. Being parasites and exploiting others
4. Being parasites and exploiting others
5. Being parasites and exploiting others
Cry me a river
Cry
This is sad af kid
The spreadsheet 🤌 it’s the details lol