Description:

Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy.

In this episode, Krista and Paul discussed the advantages of Turbo Tenant, an all-in-one landlord software solution. Krista emphasized that the software, developed with input from landlords, offers a comprehensive suite of features and a free trial, making it accessible to a wider range of users. She also highlighted the company's affordable pricing, driven by its commitment to assist as many people as possible.

Paul expressed his appreciation for the company's practice of using its product, which he saw as a testament to its effectiveness and dedication to user experience. Additionally, they explore the challenges faced by landlords, such as financial compliance, auditing, and the importance of using data-driven decision-making in the real estate business.

Key Takeaways:

1. Turbo Tenant offers a comprehensive suite of features, including lease management, tenant screening, and a team of experienced landlords, to help landlords streamline their operations.

2. The software's lease management capabilities and support for mid-term rentals make it an attractive solution for landlords managing various rental properties.

3. Turbo Tenant's pre-screening system and compliance features help landlords follow fair housing laws, avoid vicarious liability, and ensure tax compliance.

4. The company provides educational resources, such as webinars, courses, and podcasts, to address common challenges faced by landlords and promote best practices.

5. Data-driven decision-making and streamlined processes are crucial for landlords to enhance profitability and build successful rental portfolios.

Follow Paul Thompson

• LinkedIn | https://www.linkedin.com/in/paulthompson-onecallcapital/

• Website | https://pauldavidthompson.com

• Tiktok | https://www.tiktok.com/@pauldavidthompson

Resources:

turbotenant.pxf.io/ZQa1J1

krista@turbotenant.com Krista's Email

Listen to Krista’s monthly webinars here: https://www.turbotenant.com/education/webinars/

https://pauldavidthompson.com/ - Real estate resources, past episodes, and information on my mastermind

I want to help you achieve financial and personal freedom.

1. Check out THIS link for some valuable resources

2. Click for a FREE WEBINAR to learn about your 12% ROI.

3. If you're ready to take action now, let's hop on a CALL now!

About Today’s Guest:

Krista Reuther is the Senior Content Marketing Writer at TurboTenant. With over four years in the real estate industry, Krista provides data-driven, actionable content for landlords and renters. She's produced 46+ hours of webinars, analyzed 10,000+ survey responses, and publishes monthly webinars and ebooks.

Krista also co-hosts the Adventures in Landlording and Be a Better Landlord podcast, sharing her rental market expertise. Her deep industry knowledge and commitment to valuable content make her a true asset to the rental community.

Description:

Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy.

In this episode, Carmen and Paul dived in to the intricacies of structuring family-owned businesses and managing real estate investments. They discuss the use of subsidiaries, parent entities, and the advantages and challenges of various business structures. Additionally, they explore the benefits of self-directed IRAs for real estate investing, tax planning strategies, and asset structuring for optimal financial management and intergenerational wealth transfer.

Key Takeaways:

1. Utilizing subsidiaries and a parent entity can streamline management and consolidate filings for family-owned businesses operating in multiple states.

2. Separate entities and accounts are essential for managing real estate investments, with technology playing a crucial role in consolidation and integration.

3. Self-directed IRAs offer asset protection, tax benefits, and investment diversification opportunities for real estate investing, but require careful management.

4. Tax planning strategies, such as considering residency and transferring assets to states with favorable tax laws, are crucial for effective estate management and legacy creation.

5. Asset structuring and tax planning should align with personal goals and lifestyle design, with assets being a means to achieve specific purposes rather than an end goal in themselves.

Follow Paul Thompson

• LinkedIn | https://www.linkedin.com/in/paulthompson-onecallcapital/

• Website | https://pauldavidthompson.com

• Tiktok | https://www.tiktok.com/@pauldavidthompson

Resources:

• For more information on SHARE: pdt.sharesfr.com
• Book a call with SHARE to get started HERE
• Sign up for an account (to browse active listings, and to stay up to date with property releases and market launches) click HERE

I want to help you achieve financial and personal freedom.

1. Check out THIS link for some valuable resources

2. Click for a FREE WEBINAR to learn about your 12% ROI.

3. If you're ready to take action now, let's hop on a CALL now!

About Today’s Guest:

Carmen Da Silva is a financial trailblazer revolutionizing the real estate investing landscape. As a certified CPA in Canada and the USA, she honed her skills at Price Waterhouse Cooper before venturing into entrepreneurship. Carmen pioneered an innovative IaaS (Ins as a Service) platform, empowering boutique investment brokers to market tax-sheltered insurance through Family Office Teams, resulting in over $500M AUM within five years. Her strategic leadership culminated in the successful sale of the platform.

Currently, Carmen is the Co-Founder and CFO of SHARE, dedicated to streamlining the process of single-family rentals (SFR) ownership. Her mission is to make SFR investing more accessible and profitable for individuals while optimizing cash flow. Leveraging her extensive expertise in finance and taxation, Carmen is creating a seamless experience for investors at SHARE, redefining the way individuals approach real estate investing.

Description:

Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your own lifestyle and economy.

In this insightful episode, host Paul welcomes Engelo, a self-made real estate entrepreneur with a unique background. From dropping out of school at 14 to playing professional soccer in Hong Kong, and later transitioning to construction and self-development, Engelo's journey is a testament to perseverance and the pursuit of one's passions.

Engelo shares his experiences in the US real estate market, particularly in Toledo, Ohio, where he found significant investment opportunities. He emphasizes the importance of networking, in-house property management, and focusing on cash flow fundamentals.

Engelo and Paul also discussed optimizing rental management, tenant experience, and achieving a balance between business and personal life.

Key Takeaways:

1. Perseverance and Self-Belief: Engelo's unconventional journey highlights the power of perseverance, self-belief, and pursuing one's passions, even without formal education.

2. Real Estate Investment Strategies: Engelo advocates for a slow and steady approach to real estate investing, focusing on cash flow fundamentals, and considering worst-case scenarios when underwriting deals.

3. Tenant Experience and Customer Service Excellence: Prioritizing tenant needs, such as affordability, safety, and convenience, and continuously improving business processes are crucial for creating a positive impact on the entire business.

4. Work-Life Balance: Finding a balance between business demands and personal life is essential to avoid burnout and maintain a fulfilling lifestyle.

Follow Paul Thompson

• LinkedIn | https://www.linkedin.com/in/paulthompson-onecallcapital/

• Website | https://pauldavidthompson.com

• Tiktok | https://www.tiktok.com/@pauldavidthompson

Resources:

https://www.linkedin.com/in/engelorumora/ Follow Engelo in LinkedIn

https://ohiocashflow.com/ Engelo’s Website

https://pauldavidthompson.com/ - Real estate resources, past episodes, and information on my mastermind

I want to help you achieve financial and personal freedom.

1. Check out THIS link for some valuable resources

2. Click for a FREE WEBINAR to learn about your 12% ROI.

3. If you're ready to take action now, let's hop on a CALL now!

About Today’s Guest:

Engelo Rumora is a passionate real estate visionary and the co-founder and CEO of Ohio Cashflow and Oz Realty. With over 1,000 property transactions worldwide, Engelo has diversified investments in tech, crypto, stocks, and oil funds. He has received numerous accolades, including the 30under30 entrepreneurs by Anthill in 2014 and ranking #1440 on the Inc. 5000 list in 2018. Engelo's mission is to help others achieve financial freedom through real estate investing, sharing his insights through publications, podcasts, and social media. He is also committed to giving back to the community and supporting various causes and charities.