One of the benefits of listening to the Creating Wealth podcast is current, as well as, historical data on the most historically proven asset class, income property. Jason handpicks Flashback Friday episodes that contain pertinent information about predictions and changes in real estate and the overall state of the US with regards to the real estate/housing markets. Reviewing industry trends of the past may help you balance future investments so be sure to listen to the Flashback Friday episodes.
Today’s guest is Reichen Kuhl, CEO and Founder of the rental contract insurance company, LeaseLock. He shares useful information about the program designed to identify rent payers and to protect landlords from those who don’t pay their rent.
A multi-family is generally characterized as more than four units. Two, three and four families should be classified as plexes.Click to tweet
[02:54] Listen to Flashback Friday episodes to gain perspective on today’s real estate market.
[11:25] Hold on loosely, but don’t let go can be a song lyric or a real estate investment strategy.
[14:52] Cap rate and cash-on-cash return are metrics that don’t tell the whole investment story.
[18:59] Examples of available properties to demonstrate the importance of understanding a pro forma.
Do you know why cash-on-cash return or cap rate metrics don’t give you a realistic view of your investment?Click to tweet
Reichen Kuhl Guest Interview:
[27:00] LeaseLock is an insurance policy a tenant will pay the rent.
[30:37] How exactly does the LeaseLock know who will be a rent payer?
[36:12] Insurance industries are able to insure people differently in spite of Fair Housing laws.
[38:19] The cost is LeaseLock is 7% of the full lease value of the rental unit.
[41:35] Miscellaneous information about LeaseLock as a business.
Mentioned in This Episode:
Guest: Reichen Kuhl
iTunes: Stream Episode