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Episodes
Monday Dec 16, 2019
Monday Dec 16, 2019
Learn what property management is and what are the lucrative side businesses that can go with it, find out what Tony’s “Doorpreneur” book is all about, and know more on how to go about property management The Doorpreneur way.
Resources/Links
http://www.doorpreneur.com/
Summary
Tony LeBlanc is an entrepreneur who has started over 10 successful businesses. Growing up inside the property management industry watching his mother manage the building in which he was raised, he learned the business from the inside out.
He now manages one of the largest property management companies on Canada’s East Coast – a business he started from scratch. His extraordinary success proves that property management can be the foundation of a network of service brands that support the properties within the management portfolio. Tony’s experience and expertise are now helping many other property management professionals take their business to a whole new level.
In this episode of Property Profits Podcast, learn how Tony branched out of his original property management business and added on other complementary businesses, some of which very quickly surpassed the revenue from his management company.
Topics Covered:
01:08 – His career background before real estate and what strategy is he focusing on
05:36 – What is a property management and how to go about it
08:10 – The difference between typical property management and the Doorpreneur way of doing it
11:16 – The lucrative side business of getting into property management
14:01 – Real estate sales as one of the business opportunities you can look out for
15:54 – What are the components of the property management business
17:51 – How to go about the whole strategy of property management and branching out to other opportunities
Key Takeaways:
“There’s gotta be scale involved. I think somewhere is probably around the 300 to 500 unit door count. It starts to make sense because without getting that type of traction you gotta get an X enough experience under your belt on the management side. And the whole foundation of this is the management company. Your management experience has to be second to none for your owners and for your tenants. Get that right first. Once you have the confidence level that you can now start branching out into other opportunities then you can do so.” – Tony LeBlanc
“And the biggest beauty about this, the whole thing, why it’s easy for us to spin off these companies is because we have the infrastructure. You can only get that infrastructure once you’re a certain size. We have a full-time CA on staff. I’ve got all my maintenance guys, my cleaning staff, my property managers, my resident managers. I have a team. I can reuse them for the different things that I want to be.” – Tony LeBlanc
Connect with Tony LeBlanc:
www.doorpreneur.com
Facebook
Instagram
Twitter
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
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Monday Dec 09, 2019
Monday Dec 09, 2019
Know about the critical thing is that made Jean-Philippe grow his portfolio in five years, learn the advantages of investing in multi-family properties, and discover the rules and regulations governing tenants and property owners in Quebec.
Resources/Links
www.clubimmobilier.ca
Coaching and Mentoring – Montreal region
Summary
Jean-Philippe Claude is a very successful multi-family real estate investor based in Montreal, Quebec, Canada. Originally an engineer by training, Jean-Philippe got hooked on real estate when he bought his first triplex in 2011. After taking a variety of training programs, he bought more than 150 apartments in just four years.
Jean-Philippe is now a full-time real estate investor, and one of the directors of Quebec’s largest real estate investment clubs. It’s another jam-packed and fast-paced episode today as I feature Jean-Philippe Claude and his journey from engineering to real estate investing. Jean-Philippe’s remarkable portfolio has grown immensely, that he attributed his success in raising capital from his JV partners.
How did he do it? And after he was done getting the deal up and running, how does he also manage his properties? What are the pros and cons of investing in Quebec vs. other areas of Canada? Tune in and find the answers in his story.
Topics Covered:
01:23 – Jean-Philippe tells how he shifted from a mechanical engineer to a real estate investor who initially bought a triplex and converted it into a fourplex
03:18 – His current portfolio owning 180 apartments in five years
04:00 – Revealing how raising capital made his portfolio grew quickly
05:38 – How he managed his properties and tenants
07:38 – The significant differences between investing in Quebec vs. the rest of Canada
13:04 – Rules and regulations in Quebec in favor of the tenants vs. property owners
16:21 – Advice to investors who want to start with multi-family investing
17:59 – Where to get more details about Jean-Philippe
19:11 – Final advice in real estate investing
Key Takeaways:
“The money is in optimizing. It isn’t in buying. Find a deal that is optimizing. And then when it’s optimizing, when you squeeze the juice out of the property, and you did everything you could to increase your net revenue, then you give it to somebody else. You accept the fact that the property is not going to be managed as well as you would.” – Jean-Philippe Claude
“Knowledge is the first thing first. After that, if they want to jump into multifamily, they need to know their sectors.” – Jean-Philippe Claude
“I think the biggest mistake from a starting point is to think big and thinking that you’re not going to miss a deal because you’re looking big. But actually, that’s exactly the opposite. You’re not going to be in the market, you’re not going to know if you do renovate that apartment, how much it’s going to be worth, and you’re not going to be able to price your building correctly.” – Jean-Philippe Claude
“Get to know your sector. Take action. Sometimes people are falling classes, reading a book, watching podcasts, and that’s pretty good. That’s awesome. Watching but take action afterward. That’s where that happens. I called taking action, like making a promise to purchase shots to the net. I mean, if you don’t shoot to the net, there’s a 100% chance that you’re not going to succeed.” – Jean-Philippe Claude
Connect with Jean-Philippe Claude:
www.clubimmobilier.ca
Coaching and Mentoring – Montreal region
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Monday Dec 02, 2019
Monday Dec 02, 2019
Discover which real estate investing types Trevor has used to earn superior cash flow, learn the five things that are holding anyone back from climbing higher up their real estate ladder, and understand the productivity pyramid and getting the clearest picture of where you should focus most of your time to truly build your real estate empire.
Resources/Links
http://trevormcgregor.com/
Summary
Trevor McGregor is a very experienced real estate investor who has created a multi-million dollar portfolio across numerous locations and using different strategies. Trevor is also a Master Platinum coach with over 20,000 coaching calls to date. He worked very closely with Tony Robbins for over half a decade.
In this episode of Property Profits Real Estate Podcast, Trevor shares the 5 things that prevent newbie investors in the real estate world from pulling the trigger and getting going. With most of us having poor time management, this is an opportune time to listen to his discussion about understanding the productivity pyramid and the tremendous help it provides us about where to focus most of our time and effort to achieve the highest value.
Topics Covered:
00:44 – How he got started in real estate and the type of real estate he was and is into
03:19 – What made him start a coaching career in real estate
06:46 – Our limiting beliefs
08:21 – The lack of a strategic plan
09:49 – That shiny object syndrome and how to get started
10:49 – Lack of pillar of support
11:48 – What is there with poor time management
13:59 – Understanding the productivity pyramid
18:28 – Taking massive action
Key Takeaways:
“We all have great ideas, great aspirations, but we get stuck between that three-pound mass between our ears, called the brain that holds us back from going out there and doing what we want to do.” – Trevor McGregor
“Get crystal clear on what you want, why you want it now, what cities, what markets, what neighborhoods, what your potential spend is, how much you want to put into rehab property, do some cap ex-work and then ultimately decide, are you going to flip it or are you going to hold it and rent it? – Trevor McGregor
“Get clear on what your strengths are. Maybe find people that support some of the weaknesses or the opportunities to improve, as I call them. And from that place, go out there and create that plan to make it a reality.” – Trevor McGregor
“We need to literally establish what we call the professional pillars that can help you go further faster. Because if you’re trying to do every single one of those things on your own, you’re fooling yourself.” – Trevor McGregor
“Do you really know where your time is going, what you’re doing with that time, what you should be doing with that time versus maybe outsourcing some of it. You know, if you’re not really good with some of that stuff, maybe you’d get a VA and you’ve got a personal assistant.” – Trevor McGregor
Connect with Trevor McGregor:
TrevorMcGregor.com
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Wednesday Nov 27, 2019
Wednesday Nov 27, 2019
Discover how to create owner-financed notes, learn the marketing strategy he did when he was starting and what he should have done differently, and know about the common mistakes that newbie note makers make and how to avoid them.
Resources/Links
bradsmotherman.com
Summary
Brad Smotherman is a real estate investor and mentor who has done over 400 transactions across 16 states. He specializes in creating owner-financed notes. Today, Brad runs and manages a 7-figure flipping business and holds notes across Middle Tennessee. He invests in multiple states, and currently, has houses from Michigan to Georgia.
What are the odds that you woke up one day and decided to do something that would change your life forever? Brad did and got his real estate license at a young age of 17 when his buddies were just thinking about partying! And when the crash happened, he pushed himself to learn about real estate investing, and specifically about creating notes for passive income.
Brad has tasted success and is now an accomplished investor and mentor.
But with every success story comes the inevitable mistakes and profound learning experiences on this episode of Property Profits Real Estate Podcast, Brad shares those. Learn from him as he also gives insightful advice to newbies and advanced investors alike so you that you can side-step the mistakes he made.
Topics Covered:
01:26 – Brad recalls getting a real estate license at 17 years old
02:22 – How he learned about creating notes
03:58 – Explaining further what wraparound note or wraparound mortgages mean
07:53 – What he would do differently if he’ll start over again in real estate investing
10:09 – His marketing strategy when he was starting
11:33 – The common mistakes that newbies are making with creating notes
13:02 – What Brad did to help him make the right decisions
14:42 – Advice for people interested in trying creating notes
15:52 – How to connect with Brad
Key Takeaways:
“If you were starting all over again, the first thing that I would do is I would have created a negotiating platform that allowed me to have a system to go from the front door to the equity position every single time. It’s about the process.” – Brad Smotherman
“Begin your marketing machine. Earlier, I was cheap on my marketing side. I looked at marketing as an expense as opposed to an investment, and now I know that it’s not. That’s the one thing I can’t spend money too much money on is the marketing that’s efficient.” – Brad Smotherman
“Fill your mind with positive material, whether that’s books, podcasts, generally inspirational movies. It even came to the point that I would fast from any traditional music. At the end of the day, we have to be cognizant of what’s around us than what we’re allowing you to remove it.” – Brad Smotherman
“Find a mentor that has been down the road that you want to go. If I hadn’t had my mentor, I’d never have accomplished what I’ve accomplished. They can take years off your learning curve, and not only that, you’re going to avoid a lot of the mistakes you would have made, which is just as important, if not more.” – Brad Smotherman
“Everything starts with a motivated seller. So, if we’re able to create motivated seller lead flow, then we can figure out what direction we want to take, whether you want to be a rental guy or do you want to be a note guy, or you want to be the flip person or, or whatever that is. We have to have motivated sellers. So, learn how to lead generate.” – Brad Smotherman
Connect with Brad Smotherman:
Listen to Brad’s podcast
bradsmotherman.com
Facebook
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Monday Nov 25, 2019
Monday Nov 25, 2019
Discover investing strategies that can provide passive income and at the same time allow you to leave your day job, learn the strategic steps to get you started the right way in real estate, and know more about the mistakes to avoid as a 'newbie' real estate investor.
Resources/Links
SimplePassiveCashflow.com
simplepassivecashflow.com/journey
Summary
Lane Kawaoka is a civil engineer who invests passively in Real Estate from Honolulu, Hawaii. He used to be in a big bad private company as a construction engineer but after some saving and investing he found happiness and balance at a lower-paying job.
He journals his experiences in the “Simple Passive Cashflow” podcast that he put on iTunes & Google Play. His parents got screwed with the 401K and stock market and it’s his mission to get everyone out the corrupt Wall Street roller coaster and into Main Street invests with safer, higher returns that benefit the middle class of America.
Today on the Property Profits Real Estate Podcast, Lane shares his wisdom on matters relating to real estate investment and portfolio expansion.
Topics Covered:
01:24 – Getting started in real estate at a young age while in university
02:43 – Different strategies he is dabbling into at the moment
03:39 – On joint venturing with other real estate investors
04:30 – What would he have done early on in his real estate investment had he known everything he has known now
05:20 – How does it look like for him doing syndication deals himself and bringing investors on board
06:40 – How to position yourself in the real estate business to get the biggest advantage
08:32 – Mistakes real estate beginners make
09:52 – His unfair advantage in the real estate industry
11:18 – With his expertise in coaching, training, and whatnot in real estate matters, where does he think beginners should start off
12:46 – What leveraged assets you need to create when starting out
13:35 – As a newbie and completely know nothing about the whole process of doing things, how can you add value to the more experienced person
Key Takeaways:
“I think it goes to show that real estate used to be a bunch of people in white backdrops, new shirts, brown shoes, and navy pants that people don’t want that today. Especially, some of the younger folks, they want authenticity. They want to see some mistakes. I went into deals, my first passive investment I lost like 30, 40 grand cause I invested with a shyster. But lesson learned. People want to see that stuff.” – Lane Kawaoka
“ A lot of times these guys, they’ll either give up and never get started because they don’t get that extra push. Figure out what it is and give freely without any quid pro quo kind of assumption that you’re going to get something in return. Go ahead and do it and do it for multiple people. And you’ll find that a good majority of them will likely reciprocate. And then at that point, you know you have the data to know who you want to interact with in the future. Those people who reciprocate, they’re cool, you know, continue to nurture those relationships.” – Lane Kawaoka
Connect with Lane Kawaoka:
simplepassiveincome.com
Facebook
LinkedIn
Twitter
YouTube
Instagram
Pinterest
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Wednesday Nov 13, 2019
Wednesday Nov 13, 2019
Find out why Daray felt unfulfilled despite being in a high paying, successful career, discover what the motivated seller strategy is and how it can work for you, and learn the survey questions that Daray uses to help other people formulate their own winning strategies.
Resources/Links
Rich Dad Poor Dad by Robert Kiyosaki
Summary
Daray Olaleye is the founder of the Before the Millions educational and coaching company – spanning its reach to over 100+ countries worldwide. This platform’s mission is to help everyday professionals become savvy investors and create a lifestyle business.
Today on the Property Profits Real Estate Podcast, Daray reminisces about how his love for playing monopoly plus the influence of one book led him on his journey in real estate investing. Even having a rewarding career in a high-status field, Daray felt no real fulfillment from it.
Learn how one book changed his life and following its guidance allowed Daray to create the lifestyle and financial freedom that he truly desired.
Topics Covered:
02:10 – Daray recalls how playing monopoly as a kid became his first foray in real estate
04:09 – He looks back on his college days when he studied accountancy as his chosen career
05:29 – The pros and cons of having a corporate job
10:22 – How a book made him buy his first investment property 30 days after reading it
11:48 – Explaining how his created strategy, coined as motivated seller strategy, works and differs from others
16:11 – Daray details the process he uses to walk people through in his motivated seller strategy
17:18 – Survey questions needed to check the client’s focus and commitment level to know the exact strategy to use
19:33 – Where to connect with Daray
Key Takeaways:
“There’s actually literally no fulfillment in the work that I’m doing. I don’t see the bigger picture. I don’t see what’s happening with these papers once they get them. I don’t see how these financial statements mean anything to the people that run these companies. I don’t see anything. I know that I have to add these numbers up. So, there was no fulfillment. I’m working for the bank, and I’m working for the government at the end of the year. I have zero, and I have nothing. I said, there’s no way I will do this for the rest of my life.” – Daray Olaleye
“If you truly connect with one of these people and you have the tools in your tool belt to get a deal done, you’re no longer going in with the mindset, Hey, I’m a wholesaler. You’re going in with the mindset, Hey, how can I help?” – Daray Olaleye
“Everything in real estate makes money. Whether you are a fixer and flipper, you’re a wholesaler, you’re a rental property owner, you’re a syndicator, you’re, you’re a land investor, you’re mobile home parks. All of these strategies make money.” – Daray Olaleye
Connect with Daray Olaleye:
Before the Millions podcast
beforethemillions.com
Instagram
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Monday Nov 11, 2019
Monday Nov 11, 2019
Discover the different strategies he dabbled in which brought him enormous cash flow and quickly replaced his teacher salary, learn what syndication is and how does it relate to investing in real estate, and know how to go about syndication and the legal process of doing it.
Resources/Links
www.ventureDproperties.com
www.coachwithdex.com
Summary
Todd Dexheimer, CEO of Venture D Properties, LLC started investing in Real Estate in 2008 in single-family homes & small multi-family properties. Since 2008 he has purchased and renovated roughly 700 units.
Todd has completed over 150 flips, including a 20-unit mobile home park, a ski resort, and a 15unit apartment complex while using those profits to build his rental portfolio. Currently, Todd owns approximately $25 million in real estate comprising of over 550 units located in 5 states, with a focus on syndicating value-add multi-family properties in emerging markets.
Today on the Property Profits Real Estate Podcast, Todd as he shares the strategies he used which allowed him to quit his teaching job in just two years.
Topics Covered:
01:43 – How he came to be involved in the real estate business
03:33 – How long did the real estate business provide him security and finally leave his teaching job
03:55 – The real estate strategy he dabbled in at the start
05:38 – The average flips of houses he made at the start
06:40 – His transition from single-family homes to multi-family properties
10:15 – How to structure deals with investors in a fix and flip strategy
11:19 – How to find investor partners
13:14 – How did he convince his investors to get on with him for a long-term strategy
14:55 – What is syndication, how does it look like as far as properties and investors are concerned
17:12 – How to go about syndication and what is the legal process to do it
18:57 – How does he get to help other people get into the real estate business
Key Takeaways:
“You’ve got to somehow create a track record, whether that’s through how I did it, working my way up, or whether that’s bringing in partners or whatever you’ve got to do with what, you’ve got to build a strong track record, that’s going to be vitally important in my opinion.” – Todd Dexheimer
“Somebody who’s trying to get into it, syndication, I think the biggest thing is you’ve just got to study. You’ve got to learn. It’s like anything, you’ve got to gain knowledge in it. Maybe you know how to do multi-family, but you’ve got to also know how to do syndication or you have to learn the language. You have to understand the rules and regulations. You don’t have to be an expert. You don’t have to be the lawyer, but you have to know enough to understand what you’re doing.” – Todd Dexheimer
Connect with Todd Dexheimer:
www.ventureDproperties.com
www.coachwithdex.com
Facebook
LinkedIn
Twitter
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Wednesday Nov 06, 2019
Wednesday Nov 06, 2019
Learn the concept of rent-to-own, find out the approach and systems that Scott uses for finding clients, and discover how he finds great deals with expired listings.
Resources/Links
How to Wake Up the Financial Genius Inside You by Mark O. Haroldsen
People Mentioned:
Ron LeGrand
Summary
Scott Ulmer has over 23-years of experience specializing in rent-to-own deals and has done 2,000 of them. He has put his business in a box and now works with affiliates in markets across North America.
Today on the Property Profits Real Estate Podcast, Scott shares his knowledge and expertise in rent-to-own transactions and his different style in approaching and getting clients. Get loads of information as he reveals his no-frills system and top industry secrets and ideas that you don’t want to miss.
Topics Covered:
01:17 – Scott recalls how his journey started in real estate investing – from reading a book to getting deals while in college
03:00 – Explaining what rental means in real estate investment in a 30,000 feet perspective
04:56 – Learning what rent to own is for the first time from Ron Legrand
05:53 – The approach that Scott did differently from other rent to own operators
09:46 – How he finds properties for his clients
13:44 – Sharing how he deals with expired listings and different ways where he got his leads
17:03 – What he discovered in smaller markets when compared to bigger markets
19:08 – Connect with Scott via their two websites
19:54 – Backstory on how they came up with the name Little Pink Houses of America
Key Takeaways:
“When people understand what’s expected of them, they have the roadmap in front of them, and they know that the end game is to become a successful homeowner and they have skin in the game, which is big and important for us.” – Scott Ulmer
“You always have to have consistent leads.” – Scott Ulmer
“One of the things that Ron LeGrand taught me is when you’re dealing with expired listings, it’s important to catch them at the right time. So, the problem with expired listings is people wait until they’re expired, then they get a list, and then they mail them something.” – Scott Ulmer
“We find the smaller markets are, in many cases, much more lucrative than the big markets.” – Scott Ulmer
“There are buyers everywhere. The key is marketing.” – Scott Ulmer
Connect with Scott Ulmer:
pinkaffiliates.com
pinkhousesofamerica.com
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Monday Nov 04, 2019
Monday Nov 04, 2019
Find out Marco’s powerful strategies that got him a property without shelling out his own cash, learn where to invest in real estate that will allow you success (even if the market is mediocre), and discover the strategies he shares that will help you create more profits through Real Estate.
Resources/Links
http://www.noradarealestate.com
https://www.passiverealestateinvesting.com/
Summary
Marco Santarelli is an investor, author, and the founder of Norada Real Estate Investments – a nationwide provider of turnkey cash-flow investment properties. Since 2004, they’ve helped thousands of real estate investors create wealth and passive income through real estate. He’s also the host of the top-rated Passive Real Estate Investing podcast.
Listen in as Marco opens up with wisdom and suggestions on a variety of topics – some of which I’m sure can help you create more profits with your deals.
Topics Covered:
01:58 – What got him into real estate investing
04:29 – What strategy does he use for his own real estate investment that has him flowing with cashflows
06:16 – Focusing on single families and duplexes
07:53 – In hindsight, what could he have done earlier in his career had he had known before what he’s known now
13:03 – How Marco find good deals
Key Takeaways:
“Choose a market that has a strong fundamental, appreciation potential. You want to catch a bit of that momentum. And I’m not saying speculate and, and chase after appreciation, I’m saying, have the cashflow and the rate of return right from the get-go.” – Marco Santarelli
“I was under the belief that if you buy a rental property, you should hold it forever and never sell that property. That works. There’s nothing wrong with it. It’s one strategy. But there are also other strategies in real estate. There’s just a tremendous amount of flexibility in how you can create wealth and make money in real estate.” – Marco Santarelli
“The importance of the neighborhood is critically important. In fact, I would go as far as saying that you can mitigate most of your risk in investing in real estate by investing in the right neighborhoods. It’s not so much the market as a whole, that’s a macroeconomic perspective and where you invest.” – Marco Santarelli
Connect with Marco Santarelli:
noradarealestate.com
passiverealestateinvesting.com
Facebook
LinkedIn
Twitter
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Wednesday Oct 30, 2019
Wednesday Oct 30, 2019
Discover how to create a financial legacy for your family while providing a real solution to a real need for real people through a residential assisted living facility, know about the opportunity of running your own residential assisted living home, and learn about one of the greatest real estate—and business—investment for the next 25 years through running and managing a residential assisted living facility.
Resources/Links
https://residentialassistedlivingacademy.com/media/reia-e/
Summary
Emmanuel Guarino is the #1 Realtor for Residential Assisted Living in Arizona. He works alongside his wife to buy and sell more RAL’s than anyone in their prospective state.
Emmanuel trains and teaches at the Residential Assisted Living Academy and he is a sought-after coach and trainer for all things “RAL”. He has an extensive background in Health and Wellness, as well as experience in Investing and Capital Raising within the “RAL” world. Emmanuel has spoken across the country at many REIA groups, expos, and conferences.
Today on Property Profits Real Estate Podcast, Emmanuel talks about the opportunity of running your own residential assisted living home and discovering how to create a financial legacy for your family while providing a real solution to a real need for real people through a residential assisted living facility. He also shares his goal to help people by training investors/entrepreneurs how to ‘do good and do well.’
Topics Covered:
00:54 – Emmanuel’s journey to assisted living industry
02:23 – What is an assisted living all about, a great new way of real estate investing
03:31 – Home for the ‘aged’ compared to assisted living
04:50 – How much assistance do their clients need?
06:15 – Skilled nursing facility compared to assisted home
08:55 – Do good and do well.’ business
09:21 – How big are their single-family home converted to ASL
10:16 – Converting single-family homes to cater to their senior patient/clients/tenants
12:28 – private room vs. shared room, which is more desirable and profitable?
12:39 – Who shoulders the monthly payment for the Assisted Living service? state pay, IRA investment, long term insurance, or the children
14:44 – The hiring process for assisted living personnel- caregivers, managers, cooks, etc., what is the pay scale compared to work quality
19:24 – The ‘back-end’ of setting up ASL how to set that up
20:43 – ‘Silver tsunami’ of assisted living investments - the opportunity of the future
21:53 – Connect to Emmanuel Guarino
Key Takeaways:
“Assisted living is there to help them live their lives and to help them out with those activities of daily living that they might be struggling with.” – Emmanuel Guarino
“People move in and they move out, they move out ‘upstairs’ [heaven] like we were saying, and some people, you know, move on to higher-level needs skilled nursing.” – Emmanuel Guarino
“What’s nice about this business is that we get to do good do well, I get to help a lot of people in a time of their lives where, you know, it’s tough.” – Emmanuel Guarino
Connect with Emmanuel Guarino:
http://www.ral101.com/
http://www.ralacademy.com/
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates