Podcast: Crazy Sh*t In Real Estate TM

Summary:

I’m sorry, did you say Sunset Avenue or Gun-set Avenue? Aaron Fragnito, founder of Peoples Capital Group and successful real estate investor, gives us the nitty-gritty truth about being a landlord. Tune in as he shares about his greatest challenges, biggest shocks, and most valuable lessons that have shaped the way he runs his business today.

Please subscribe to this podcast in iTunes or in the Podcasts App on your phone. Never miss a beat from Leigh by visiting leighbrown.com. 

Time Stamped Show Notes:

• 00:45 – Introducing Aaron, a real estate investor
• 01:30 – On being a landlord

• 01:45 – It’s not as easy as you’d think; Section 8 annual inspections, the neighborhood, and difficult tenants can make it hard to get an income from the property
• 03:15 – You need to pick and choose your tenants to fit what you want

• 03:45 – What he looks for in a tenant and why

• 04:00 – Credit checks and checks on evictions are a good place to start; interview them, see how they speak, and notice how they take care of their car
• 05:22 – He had a bad experience with a tenant who didn’t take care of the property; he visited and it looked like a third-world country, they were living so poorly
• 06:50 – His property manager walks through each unit every 6-8 months now
• 07:47 – They ended up selling the building; they were unable to evict the tenants 

• 12:20 – On vetting your tenants and using property managers

• 12:42 – If you interview your tenants well, you’ll profit more and have a better experience as a landlord
• 13:25 – His partner does a 30-second walk-through of their current home as part of the interview process

• 14:00 – Aaron’s piece of advice: Diversify

• 14:38 – They buy an apartment building every quarter and have tons of syndications; they’ve cracked the code to profit in their area
• 15:20 – Get out there, meet people, ask questions, and connect

• 16:45 – How to contact Aaron: www.peoplescapitalgroup.com 

3 Key Points

1. Being a landlord isn’t always as easy as it seems.
2. Vet your tenants! 
3. Connect with others to learn, partner, and connect.

Credits

• Audio Production by Chris Mottram
• Show Notes provided by Melissa Valder

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