The Rental Realist
by Tyson Hill
If you own residential income properties, then you came to the right place! Tyson is a licensed real estate broker, owns and operates a successful property management company, and loves investing in real estate. He has a wealth of knowledge in the residential income property sector and shares his tips, insights, and strategies in this podcast. There will be interviews, rants, stories, Q&A sessions, and much more that will improve your rental property game!
Episodes
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How To Handle Your Rental In Difficult Times
Flexibility is the absolute key to navigating your property during difficult times. During the 2008 housing collapse, we deployed "flexibility" and I share a story on how that helped investors get through to the other side. The market and economy will always bounce back, so the goal should be to...
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You Towed My Tenants Car?!
I pop off on this episode about an HOA that towed my tenant's vehicle without warning. Many HOA boards are rant by people who don't have a full understanding of law, in particular of what they can and cannot do. I expose on of the worst cases of HOA misuse of power I've ever seen!
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Covid-19: 120 Day Eviction Hold- Stimulus Package Impact
The C.A.R.E.S Act, aka the 2.2 trillion dollar stimulus package was signed March 27th and this has a huge impact on landlords and renters. In this episode I discuss what this means and how landlords are going to be impacted and how to navigate through such uncertain times.
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Treat Your Rental Property Like A Business
Your rental property is a business, it requires effort, planning, a customer, vendors, and creates an income. So as an investor, you need to set it up like a business, so it can be ran like a business. Mixing rent income and expense in your personal bank account just creates confusion and...
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The Worst Tenant I Ever Had!
If you have owned rental property for lengthy period of time, you likely have had your share of tenant stories. Most tenants are wonderful and never cause any issues, but the 1 percenters can certainly make owning a rental a challenge! I share the story of Charles and how he made my life…
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The Family Member Who Cost Themselves $5000: How To Market Your Vacancy
In this episode Tyson shares, albeit simple, the "how to" on marketing rental property. Exposure, pricing, following FHA guidelines, to name a few. He also shares an example of a family member who cost themselves nearly $5000 in loss of rent by not properly marketing their rental home.
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How To Establish A Rent Price
Establishing a rent price is not a complicated process, but it's a process nonetheless. We all have a feel of what a property should rent for, but it is important to do an accurate evaluation of the market to make sure your rent price is at a point that will lead the the result you want, which is...
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How To Set and Fuel Your Real Estate Goals
Being that we are at the beginning of 2020, goals seem to be an obvious point of topic. Real estate goals are important. We need to know where we are going, and more importantly, how we are going to get there. In my experience far too many times investors don't enjoy owing rental, and never…
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ROI On Paper Vs ROI In Reality
In investment property, return on investment is king. You don't buy rental to not try and get the best return possible, right? In this episode, Tyson dives into projected ROI on paper, versus what the reality really is. He shares a few examples of this logic and how always chasing the short term...
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Tips On Buying Real Estate The Traditional Way
Nothing ground breaking here, but just some solid tips when buying real estate through the traditional method of a real estate agent. There are mistakes made all the time that lead to the purchase of bad properties. Apply these simple tips and never buy a POS again.
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Increase Revenue Through Pets
The easy answer is 'NO PETS' in your rental property, but is that the wise answer? In this episode we discuss the upside to being open to pets in rentals. Look at tenants with pets as an opportunity, instead of a liability.
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Problem Tenants And What To Do With Them
If you own or will own rental property, you will come across that problem tenant. So what is a landlord to do? You don't want to promote a vacancy, but don't want to continue to deal with a problem situation. In this episode I share a recent story and give you my 2 cents on how to handle tenant...
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Protect Your Liability: The Pit Bull Story
Liability comes with owning rental property whether you want to admit it or not. In this episode I share a story about how not properly addressing a liable situation that could have cost me financially and professionally. When there is a potential issue that poses a lot of risk and liability…
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From 60k to 240k in 8 Years: Patience Baby!
By now you know my stance on real estate: HOLD IT! In this episode I give 2 great examples of how one investor deployed patience and won, and how another did not and cost themselves over 150k in a 3 year span. Everyone who buys rental property has a purpose, but can many times get knocked off…
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Raising Rents the Right Way
Raising rents is not rocket science by any means, but there are far too many landlords who are not doing it right. In this episode I give a few tips on how, when, and if a rent increase is in order. We talk about what the current rental market is when making those decisions, how supply and demand...
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5 Signs You Might Need A Property Manager
In this episode I discuss the top 5 pitfalls that self manage landlords run into and why a property management company might be right for them. A property management company is not an ideal fit for all investors, but there are some that could use the help! I cover tenants who take advantage of...
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The Price is Always High: OG Investor Bruce Stops By The Office
One of our long time investors Bruce drops by the office. I have about a 15 minute conversation about real estate and he shares a few thoughts on real estate that got me thinking and I decided to share on this podcast. He talks about how the price to get in the real estate game is always high…
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The Real Truth About Home Warranty Companies
Just when you think I can't pour anymore gas on the home warranty fire, I do! I share a story that happened 3 years ago that pretty much sums up why using a plan like this with your rental is not a good idea. Typically the most expensive thing a warranty company covers in an air conditioning…
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Home Warranty Plans and Rentals: Bad For Business
Allright, I make it pretty clear within the first 10 seconds my stance on home warranty plans with rental properties. No build up there! 1% of the time, it's a good idea, 99% of the time, not so much. I'll explain why you should strongly consider managing your own risk and how home warranty...
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The 3 Bedroom Apartment....Thanks, But No Thanks!
I had a client of mine recently ask me my opinion on a duplex made up of two, 3 bedroom apartments. I shot that email back with my 2 cents and decided to throw it down on the podcast as well. If you are into small multi unit properties, then you will want to take a listen to make sure you are...
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The Magic of the Refundable Application Fee
In this episode we dive into a topic that is likely an afterthought for most investors. Application money! I'm a huge proponent of refundable application fees for many reasons. The most impactful reason is I use this policy to leverage applicants into being 100% truthful on their applications and...
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The Self Showing Revolution
10 years ago the thought of prospective tenants doing self showings would have been scoffed at. Now here we are in 2019 and not only is it the future of rental property, it's the present. Tyson will share his experience with self showings and detail out the pros and cons of guided showings vs.…
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Equity Thieves
In this episode we talk about the services that want to buy your property with all cash offer, no inspections, quick close, etc., even though your home is not for sale. While there are situations where this type of real estate transaction can be advantageous, these buyers are looking to buy your...
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The 50k Mistake!
In this episode we talk about the enemy of sound real estate investing. EMOTION. I share a story of a client who let emotion influence a crucial decision that cost her $50,000. Emotion, while we all have it because we are human, typically leads us down the wrong path when it comes to rental...
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The Intro
What is The Rental Realist and who is Tyson Hill? He may or may not be the only dude walking this planet who said "I want to be a property manager when I grow up." In this episode Tyson gives some insight into his background in residential real estate and income property. This story starts back…
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About this show
If you own residential income properties, then you came to the right place! Tyson is a licensed real estate broker, owns and operates a successful property management company, and loves investing in real estate. He has a wealth of knowledge in the residential income property sector and shares his tips, insights, and strategies in this podcast. There will be interviews, rants, stories, Q&A sessions, and much more that will improve your rental property game!
Hosted by
Tyson Hill