Graham is no expert. Just a fairly successful intermediate. He makes 100k+ a month but the majority is TH-cam and online course related income. He is more an influencer than a real estate investor
I will argue in Graham's defence that you and him have different strategies for long-term rent prices. Graham doesn't raise his and you do, so technically he's maybe doing the right thing for his long-term pricing game given that I believe his tenants generally stay longer that two years.
Does anyone watch Graham and Kevin so much that you feel like you know them personally? Like when I go to the basement to watch Graham’s video on iced coffee I feel as tho I’m going to hang with my buddy I don’t know whether to feel embarrassed or ecstatic to post this.
Heather Collier I totally agree!!!!! I’m sure they would if they found a good return on their money. I’ve noticed a lot of times it’s difficult to get loans on houses in that price range. So a lot of times it has to be a cash deal.
I remember back in the 90s when I was doing contract IT work, I was like 3 months behind on my rent. property has more than quadrupled in value since. The landlord though knew my situation and was cool as long as I kept him in the loop (he owned about 6 different properties and spent most of the year out of the country) When I went to make it up to current I made sure there was 4 extra C notes on the stack and he was more than happy then I call tell you
This is a video of Kevin reacting or should i say agreeing to most of Grahams statements! Really like both Kevin and Graham’s videos, to have them both in one video is even better!
Our lease agreement says we get a one-time-only-ever-for-sure-this-is-it waved to the late fee, I appreciate it right there in Black and White, everyone knows what to expect.
Dont need some rental hack to tell tenants your just the property manager and all that other nonsense for collecting rents on time. Why even deal with tenants in the 1st place and aggravation all, get a rental agent they do 100% of the renting and screening and compliance, and collecting, and everything for just a 5% of the monthly rental cost, so you raise the rent 5%, then your still at your number - less doing absolutely ZERO work while on the beach collecting those monthly checks. The agent handles the drama. for 5% especially if you have 3 or more rentals, its 1000% worth it at that point to get a rental agent for all the ugliness of being a landlord. Up the rent 5% to offset the 5% agent fee and go enjoy that beach n checks, no midnight calls when the plumbing is broke or they are late on their rent, the agent gets all those calls.
As a plumber I worked for a contractor that had a contract with a property manager. Things I snaked out of lines or had to retrieve out of the inside of a toilet include Lincoln logs, diapers, paper towels, femenine pads, baby wipes. I've also found kitchen lines jam packed with rice, beans, peels that were forced through the disposal.
I actually just wired my bathroom with that in mind. I wired a separate light over my shower along with my vent fan so that way they have one light for pooping and one light attached to a fan for cleaning that up :D
The last point is so true. I live in such a property and the noise drives me so crazy that I often go to the toilet without turning on the lights at all
On this one I will agree with Graham. I recently emptied a 3 family that had become an alligator to me and a neighborhood problem. One moved voluntarily, the other two were evicted. Renovated and upgraded all apartments (ceramic tile floors, ss appls, hdwd floors, then placed my Zillow ads). Now here is where I agree with Graham. The first wave of respondents would have set me up to be right back where I was before. I then decided to let the property sit an extra month(no price drop-All units were increased). It was the best move I made. Results: I now have, better tenants that make on time rent payments, not only keep their apartments clean but help keep common areas clean, improved neighborhood & most important an asset that cashflows an addt'l $395.00 pm Meet Kevin - You have Great videos by the way.
When the bank owns 50 to 80% of the property you are kind of not the owner so Kevin is right... best to say that you're the property manager... there is another major party involved. Also if you own the property in a blind trust no one can look up public records and see your name as owner anyway
I really like the property manager trick! Thank you! I’m going to pass that along to my dad who is currently having issues with a horrible tenant. Hopefully we can get her out and find someone that’s easier to deal with
In regards to contracts, the contract with their signature IS leverage. As a photographer, I have clients asking to post my photos on Instagram with filters, which is prohibited according to the signed contract. There is no room for debate, and whenever this comes up, the response is always the same - "I'm sorry, but this is not allowed by contract." Without the contract, I would have no leverage. The contract is *king.*
There is no excuse to choose to leave a unit unrented because you "can't find someone" You should have been advertising it for a month or more before they move out, and have a lineup of prequalified tenants ready to go..if all the callers were bad..lower it by $100-150 get more volume of leads, get some people "on deck" and get it rented right after its turned over.
I've been a landlord for 20+ years. My background is mechanical. I believe Kevin's Landlord class would do me allot of good. His background is business and finance. My first, but wrong impression , was, "What can't learn from this reckless youngster?" I've seen as many tenant problems as he has, but what I'm missing is the business perspective. The best artist or photographer can not make a living without the ultra important business savvy. Some people are good at the business aspect, but new to the land lord aspect. 'You Gotta Have Both!"
A drain screen and proper drain maintenence will prevent thay almost completely. I use Thrift brand drain cleaner, and that keeps everything draining very well
I wouldn't try because I think the only way to make that plausible without lying is if you co-signed a lease with them which would probably be it's own can of worms. If you're renting it out to college students though who happen to get student loan payments each semester, you could request payment in advance every semester. Or at least first month's rent, last month's rent, and a security deposit. With renting a room that's soooo much less than renting an apartment or home that it shouldn't be too hard for someone to come up with that in many cases. (If they're on a regular small and fixed income, that's one of those cases it may be different.)
I'm pretty sure the owner's name is on a lot of lease documents and the tenant could just google his name. Unless he set up a corporation that owns the property, but that doesn't seem to make sense if he owns 1, 2, 3 properties. I remember living in L.A. and the owner's name was on my lease document and he owned the whole building.I actually googled him once curious about who he is. I think a better strategy is just to have a property manager..
As someone who likes to soak in the tub, i'd be extremely upset if the fan came on all the time the light was turned on. Ironically the place I am living now, is supposed to have a fan that automatically comes on when it detects moisture, but its broken and just stays on 100% of the time so I never use it.
You guys are so cautious. In a real rental crises, I am the kind of person the tenant would have to sue (most never will), not the other way around, if things go south. I would rather pay penalties and a short hotel stay for an improper eviction than watch major damage occur... just depends on the situation. Have a good solid deposit and the worries will be a lot less substantial. Not advising you treat anyone badly, and do be aware of special needs situations, but drugs and large property damage will bring an immediate response from me. Pro tip, to see how clean they are peak into their car as you walk by. It often speaks volumes. Also, though I only rented to one unit for 20 years, I never really found turn over expensive. My goal was slightly lower rents for my pick of the liter, I prefer month to month contracts so that if I or the tenant is unhappy we can easily part ways. Happy tenants" usually" take better care of where they live. Experience renting generally means they know HOW to actually care for basics. Noob renters, not so much.
Okay I don’t want to feel stupid but I need to ask a question. About telling tenants you’re just the property manager. Wouldn’t that get kind of awkward when they realize your name is the same as the guy they’re writing cheque’s to?
honestly the handyman one... as a handyman i have a few clients that have this deal with me. I take the call, i talk to the tenet try and figure out the problem and its in my wheelhouse I go do it, if it is outside i have contractor connections to send the right person there if needed. saves them a lot of time and $. Sometimes i can talk the customer through the fix over the phone and if its under 30 min its a $20 fee. It helps that they know I am honest and will never fuck them over or make up issues/falsely bill, no couple of small bills would be work a several thousand dollar a year client to a person looking for long term clients.
Your advise about telling tenants you are only manager...this works if the house or building is under another name or a company name. Otherwise tenant will need to write the rent check under the owners name.
like the video! I never had a problem telling someone to there face that it was me charging them a late fee! I bought 2 duplexes the previous owner told me that none of the tenants were paying rent. When I showed up on the day that i bought the properties & gave all 4 tenants eviction notices (tenants were 3 to 4. months behind) they all felt that was ridiculous! In short I collected all my rent within a week!
Please become a landlord someday and you will understand how many tenants try to slide/ pay late with excuses and stories. allowing a tenant some slack on a late payment is a management decision so in that moment it's not an owner /tenant confrontation...it's a management decision
Let's strip the sarcasm from this, and be explicit: are you saying that a landlord is not permitted to simply introduce themselves to a tenant as the proprietor of "AAA Property Management, LLC" (assume that is factually true,) and omit the other fact that they happen to also be the property owner? And if so, is that near-universal in the U.S., or does it vary from state to state, city to city? EDIT: Also, my question assumes that the property is deeded to an LLC (possibly a differently one than the management company.)
@@RyanBissell in the state of Texas if you are buying real estate or managing real estate as a licensed REALTOR and seld representing you must disclose it to buyers and tenants. Not sure if universal.
@@earningattorney9887 As you've worded it, the fact that I'm not a licensed real estate agent seems like it affords me more leeway. (And, I thought REALTOR® was just the trademark of a club that you can choose to join, once licensed by the state.)
I like the telling tenants you aren't the owner trick. But I also like - "sorry, that's my policy" to every rule I put in place due to every thing I've gotten burned on over the years. I explain it to them like that too, "I've been burned by people before, so sorry I can't, that's my policy." And everyone seems to understand, then probably feel bad and about trying to do the same thing to me (a female) and pay up or get a damn 5 day notice - because "that's my policy" Sorry but not sorry. I'm an accountant by trade, so I love policies and it kinda comes natural LOL Every time you get burned, make a policy to prevent it from happening again. Call it a policy and stick to it.
I think one of the big points to make about looking for a tenant as well is having a minimum qualifications checklist already made so you cannot be sued for Bias, even subconscious not on purpose Bias.
Graham makes it sound easy sitting there with a ice coffee and sitting back collecting money everywhere and Kevin makes it sound like he’s running around with a fire extinguisher putting out fires screaming lol.
Tenants will purposely destroy things because they want new things. It happened to my mom's rental. The destroyed the fuse box because they wanted new washer and dryer. My mom took their word for it because she lives out of state. They had multiple dogs even though the contract said no and of course the dogs destroyed things.
I’m living in a basement with no financial future to buy but I can’t stop watching Kevin real estate info! Oh well I’ll just pocket my knowledge as a souvenir.
I have been an investor for 20 years and I'm also a real estate broker. You make some good points like speaking to the tenant's previous or 2 previous landlords instead of the current landlord when screening, but some of it was knit picking. Just my opinion, but good video non the less. Thumbs Up.
Ive been renting a room in a house where the mother bought it for the son, and the mother lives in another country. He's like a nightmare tenant. It's no fun being a quality tenant renting from an owner who treats their house like shit.
17:00 You are correct, handyman pre-approval is a blank cheque and a bad idea. Tenants would think nothing of having your handyman come out to replace a user serviceable lightbulb and have you paying for an hour of handyman time. Ain't happening on my watch.
I feel like its morally wrong to check credit for renters. There is no credit being issued, and so its a bit too far over the line. It's only a rental, you don't deserve to know my financial history and credit score.
Chlorophant mmmm being fiscally responsible is a good sign you will be a good tenant. Landlords got to eat and protect their property. Why rent to people who can’t possibly pay it and have bad credit. Jobs even screen your credit. You are not going to work at a good hog or bank or govt if you have bad credit
WTH TH-cam.. this got in my front page recommended video right after watching Millennial Money today where they talked about how Meet Kevin and Graham Stephan met..
This has got to be your best video. I agree with you on pretty much every point. Especially the green light for a mr fixit. Keep posting videos like this. Graham is the best, but I like what you said in this video. Also, I would tell tenants that others are involved. It is safer.
I think Graham was arguing the same point you made in the beginning about the lifestyle. I completely see your point on calling the previous rental owners, but I've had owners be honest to me regardless. Because it's just 1 additional thing to check on out of many and it can be helpful, I don't think it's dumb. You never want to rely on 1 piece of data regardless. One question I had was your advice on pretending not to be the owner. If you come out saying you are the property manager, that isn't lying at all. But, if you go so much as to pretend to call the owner or deceive the tenant specifically that may cause a problem later. I'm not sure if a law is being broken specifically. But if something does go to court for some reason, I would bet a judge wouldn't like that much.
@@TheLandlordAdvocates I completely understand the incentive to do that. lol I just feel like it could be taken a little to far and may stir up some trouble. My first renter was bad at the end.
@@chrishammer5925 We can see it, but on the other side, if the tenant turns out to be a great tenant, it would be awkward to be honest with that tenant later on. If a landlord feels, from the onset, that they must conduct themselves in that manner, then maybe they chose the wrong tenant.
I dont know much about real estate but common sense for me is that the worst people to rent to usually cant afford higher priced rent. To me, the people with the best credit and rental history always seem like the people who can afford the higher prices for rent.
Kevin's like me and any other really financially educated people with the perfect success mindset, he sees the good and bad in everything and can make any situation go his way, every situation has 100's of different points of views and you must be able to optimize everything and think about it very complex. Kevin did not disagree with any of the things graham said he simply was using his successful mindset to be really advanced and add onto everything Graham said, and point out the good and bad things because a truly successful person can argue both sides for anything, a truly successful person will make anything and everything a good thing or a bad thing, there is good and bad in every situation you just must learn how to view it from every perspective possible and turn it into whatever you want.
Thanks Kevin...I hope you can continue doing these types of videos! Now ..How does a nubie like me find a mentor? though I'm only trying to buy a house to live in and house hack.If you mentor people what are your prices? :-D
A property manager or real estate broker can be valid to sign on behalf of the owner in numerous States. Check the laws in your municipality for such regulations. Take Care.
Sceptical about this video at first but really liked it. It’s like an expert building on another experts opinion. Keep doing these please
Ah ty so much!!
Graham is no expert. Just a fairly successful intermediate. He makes 100k+ a month but the majority is TH-cam and online course related income. He is more an influencer than a real estate investor
Magnus Frederickson but he was already a millionaire through his investments
Kevin posts great content! I hope my channel will be like his someday! It’s a process
I only kept watching cause of this comment lol You were right
* GRABS POPCORN *
hello
can you do a vid of a step by step totourial of what happens when you do a real estate agent deal
graham stephan
FIRST!
I knew u would be in comments soon
* GRABS 20 CENT ICED COFFEE *
Graham is the type of landlord who screens his tenants
By going thru Their trash cans and making sure they eat Avocado toast.
Lmaoo
I tried avocado toast once, made a mess of my toaster
matt vaitkunas bruh .....🤦♂️
And smash the like button for the TH-cam algorithm
Jonny Nava-Silverio shut uppp😭😭😭😭😭😭😭😂
Next video: Confronting Lord Graham Stephan
smooshed the like button
😂😂😂😂😂😂
Graham "the Lord" Stephan
i smashed the youtube algorithm for the like button
I feel like I’m TH-cam hacking over here... watching meetkevin and graham at the same time. #blessed
I will argue in Graham's defence that you and him have different strategies for long-term rent prices. Graham doesn't raise his and you do, so technically he's maybe doing the right thing for his long-term pricing game given that I believe his tenants generally stay longer that two years.
8:20. Graham is soo right... need a good tenant. Better off keeping vacant till get the right person than rush and lose 5 months from bad tenant!
I think this makes sense if you have only a couple of properties at max
Yep
Does anyone watch Graham and Kevin so much that you feel like you know them personally? Like when I go to the basement to watch Graham’s video on iced coffee I feel as tho I’m going to hang with my buddy I don’t know whether to feel embarrassed or ecstatic to post this.
Totally normal! That's where we hang out when Lauren and Graham's Girlfriend are gone :P
@@MeetKevin i like how you continue the "Graham's girlfriend" theme))
Yes i do, i love kevins charisma and Graham's.. But i wish they would work with section 8 renters and show that we are not all horror stories
Heather Collier I totally agree!!!!! I’m sure they would if they found a good return on their money. I’ve noticed a lot of times it’s difficult to get loans on houses in that price range. So a lot of times it has to be a cash deal.
I completely agree man lol I honestly thought i was the only one
Kevin: I need to call the owner about the late fee
*calls Lauren*
*calls Jack* > *calls Lauren*
#BestComment haha! 😂
@@investorgreats send me the course when your done!
About that house she bought without seeing XD
Casey Burns Investing 😂
I remember back in the 90s when I was doing contract IT work, I was like 3 months behind on my rent. property has more than quadrupled in value since. The landlord though knew my situation and was cool as long as I kept him in the loop (he owned about 6 different properties and spent most of the year out of the country) When I went to make it up to current I made sure there was 4 extra C notes on the stack and he was more than happy then I call tell you
You are a rare breed - very honorable of you!!
What’s a C note?
@@kieranohearn9312 100
@@kieranohearn9312 $100 . C = Century
You guys are colluding together. I'm starting to figure yall out. BUSTED! haha
This is a video of Kevin reacting or should i say agreeing to most of Grahams statements!
Really like both Kevin and Graham’s videos, to have them both in one video is even better!
Meet Kevin 2019: monetize Graham’s appearance in vlogs
Meet Kevin 2020: monetize reaction to Graham Stephan’s video
Smart move 🙌
boom
Cherry do a reaction to this video
Our lease agreement says we get a one-time-only-ever-for-sure-this-is-it waved to the late fee, I appreciate it right there in Black and White, everyone knows what to expect.
Kevin: hold the airpods!
Also Kevin: *DROPS AIRPODS*
LOL
Dont need some rental hack to tell tenants your just the property manager and all that other nonsense for collecting rents on time.
Why even deal with tenants in the 1st place and aggravation all, get a rental agent they do 100% of the renting and screening and compliance, and collecting, and everything for just a 5% of the monthly rental cost, so you raise the rent 5%, then your still at your number - less doing absolutely ZERO work while on the beach collecting those monthly checks. The agent handles the drama.
for 5% especially if you have 3 or more rentals, its 1000% worth it at that point to get a rental agent for all the ugliness of being a landlord. Up the rent 5% to offset the 5% agent fee and go enjoy that beach n checks, no midnight calls when the plumbing is broke or they are late on their rent, the agent gets all those calls.
As a plumber I worked for a contractor that had a contract with a property manager.
Things I snaked out of lines or had to retrieve out of the inside of a toilet include Lincoln logs, diapers, paper towels, femenine pads, baby wipes.
I've also found kitchen lines jam packed with rice, beans, peels that were forced through the disposal.
Please make the video on how to increase leverage over the tenant
Mateus Pires Move out of California
@@barefoothippielibtard9691 I live in Canada
I actually just wired my bathroom with that in mind. I wired a separate light over my shower along with my vent fan so that way they have one light for pooping and one light attached to a fan for cleaning that up :D
The last point is so true. I live in such a property and the noise drives me so crazy that I often go to the toilet without turning on the lights at all
On this one I will agree with Graham. I recently emptied a 3 family that had become an alligator to me and a neighborhood problem. One moved voluntarily, the other two were evicted. Renovated and upgraded all apartments (ceramic tile floors, ss appls, hdwd floors, then placed my Zillow ads). Now here is where I agree with Graham. The first wave of respondents would have set me up to be right back where I was before. I then decided to let the property sit an extra month(no price drop-All units were increased). It was the best move I made. Results: I now have, better tenants that make on time rent payments, not only keep their apartments clean but help keep common areas clean, improved neighborhood & most important an asset that cashflows an addt'l $395.00 pm
Meet Kevin - You have Great videos by the way.
"don't lie... But... lie"
When the bank owns 50 to 80% of the property you are kind of not the owner so Kevin is right... best to say that you're the property manager... there is another major party involved. Also if you own the property in a blind trust no one can look up public records and see your name as owner anyway
THIS is useful information, been a landlord for 10 years, can confirm a LOT of this information/content. great job on this one.
Hahahaha. Kevin reacting to Graham with a light sabre! This is sick! So excited! 🤣
All things else being equal: 1st month, Last Month + security deposit have saved me a lot of headaches in terms of screening possible tenants.
I was shocked for a second and thought:
*The $0.20 ain’t real!*
Watching this kind of videos has inspired me so much to save money :)
I really like the property manager trick! Thank you! I’m going to pass that along to my dad who is currently having issues with a horrible tenant. Hopefully we can get her out and find someone that’s easier to deal with
In regards to contracts, the contract with their signature IS leverage. As a photographer, I have clients asking to post my photos on Instagram with filters, which is prohibited according to the signed contract. There is no room for debate, and whenever this comes up, the response is always the same - "I'm sorry, but this is not allowed by contract." Without the contract, I would have no leverage. The contract is *king.*
There is no excuse to choose to leave a unit unrented because you "can't find someone" You should have been advertising it for a month or more before they move out, and have a lineup of prequalified tenants ready to go..if all the callers were bad..lower it by $100-150 get more volume of leads, get some people "on deck" and get it rented right after its turned over.
I've been a landlord for 20+ years. My background is mechanical. I believe Kevin's Landlord class would do me allot of good. His background is business and finance. My first, but wrong impression , was, "What can't learn from this reckless youngster?" I've seen as many tenant problems as he has, but what I'm missing is the business perspective. The best artist or photographer can not make a living without the ultra important business savvy. Some people are good at the business aspect, but new to the land lord aspect. 'You Gotta Have Both!"
A drain screen and proper drain maintenence will prevent thay almost completely. I use Thrift brand drain cleaner, and that keeps everything draining very well
Almost at that 1 million milestone Kevin. Keep it up man. Great content
Re: not telling them you are owner
What if you are renting out a room? Would it still be plausible for tenant?
I wouldn't try because I think the only way to make that plausible without lying is if you co-signed a lease with them which would probably be it's own can of worms. If you're renting it out to college students though who happen to get student loan payments each semester, you could request payment in advance every semester. Or at least first month's rent, last month's rent, and a security deposit. With renting a room that's soooo much less than renting an apartment or home that it shouldn't be too hard for someone to come up with that in many cases. (If they're on a regular small and fixed income, that's one of those cases it may be different.)
Also you might want to check out your area's laws. In my city it's technically illegal to rent out rooms.
I'm pretty sure the owner's name is on a lot of lease documents and the tenant could just google his name. Unless he set up a corporation that owns the property, but that doesn't seem to make sense if he owns 1, 2, 3 properties. I remember living in L.A. and the owner's name was on my lease document and he owned the whole building.I actually googled him once curious about who he is. I think a better strategy is just to have a property manager..
Two opinions, 1 video, saved me some time😁
Oh I love this game! Reviewing reviews of reviewers! This is gonna require a box of popcorn bags!
Central ventilation system is the way to go. Zero noise in bathroom :)
"Drop the air-pods" A lil overreaction on not getting married to a terrible tenant. Especially when u immediately agree with him
There's a lot this Graham guy isn't telling us. I'm suspicious 🤔😂
As someone who likes to soak in the tub, i'd be extremely upset if the fan came on all the time the light was turned on. Ironically the place I am living now, is supposed to have a fan that automatically comes on when it detects moisture, but its broken and just stays on 100% of the time so I never use it.
Or for the fan, install on of those built in timers (5/10/30 min). It's much easier to turn something on when you know it'll turn off automatically
Yup!
You guys are so cautious. In a real rental crises, I am the kind of person the tenant would have to sue (most never will), not the other way around, if things go south. I would rather pay penalties and a short hotel stay for an improper eviction than watch major damage occur... just depends on the situation. Have a good solid deposit and the worries will be a lot less substantial. Not advising you treat anyone badly, and do be aware of special needs situations, but drugs and large property damage will bring an immediate response from me.
Pro tip, to see how clean they are peak into their car as you walk by. It often speaks volumes. Also, though I only rented to one unit for 20 years, I never really found turn over expensive. My goal was slightly lower rents for my pick of the liter, I prefer month to month contracts so that if I or the tenant is unhappy we can easily part ways. Happy tenants" usually" take better care of where they live. Experience renting generally means they know HOW to actually care for basics. Noob renters, not so much.
Stumbled across this video and was impressed, Subscribed
Torian Cromar he posts great content. I’m a Realtor and I even learn from his vids
Kevin impressed us as well. Hopefully, in his other videos, he does not have that canned laughter. It could diminish his message.
I personally like the longer in depth videos you do
Okay I don’t want to feel stupid but I need to ask a question. About telling tenants you’re just the property manager. Wouldn’t that get kind of awkward when they realize your name is the same as the guy they’re writing cheque’s to?
Hi Logan. We have said that it makes for a bad landlord/tenant relationship. Not a good way to start off!!!
Basically Kevin agreed to everything Graham said but Kevin does things just a little different. I like you both.
honestly the handyman one... as a handyman i have a few clients that have this deal with me. I take the call, i talk to the tenet try and figure out the problem and its in my wheelhouse I go do it, if it is outside i have contractor connections to send the right person there if needed. saves them a lot of time and $. Sometimes i can talk the customer through the fix over the phone and if its under 30 min its a $20 fee. It helps that they know I am honest and will never fuck them over or make up issues/falsely bill, no couple of small bills would be work a several thousand dollar a year client to a person looking for long term clients.
i 100% agree about the bathroom fan the place that i am renting now has an old one and it is so annoying
Your advise about telling tenants you are only manager...this works if the house or building is under another name or a company name. Otherwise tenant will need to write the rent check under the owners name.
Loved Graham’s video but I also loved this video! Both contained incredible advice.
Your reaction videos are very helpful!
like the video! I never had a problem telling someone to there face that it was me charging them a late fee!
I bought 2 duplexes the previous owner told me that none of the tenants were paying rent. When I showed up on the day that i bought the properties & gave all 4 tenants eviction notices (tenants were 3 to 4. months behind) they all felt that was ridiculous! In short I collected all my rent within a week!
Bada$$ - nice
I'm now angry with the people telling you that your videos are too long.
Thank you!!
3:30 oh you’re lying. love how you try to convince us otherwise. you are straight up lying.
eh it's a white lie
Please become a landlord someday and you will understand how many tenants try to slide/ pay late with excuses and stories. allowing a tenant some slack on a late payment is a management decision so in that moment it's not an owner /tenant confrontation...it's a management decision
What if after you don’t let them do another late fee, they just don’t pay and they have a long lease to go. What do you do in that situation?
When a tenant signs a lease, how do they not know who the owner is from that moment ? Don't both tenant and landlord sign the lease ?
Good length video. Lots of great info. Love the channel!
Kevin did have some good information, just wish he canned the canned laughter.
Good point on the fan! I'm a fan of the fan reaction on this video of another video.
Love the vibe, personality and knowledge learned. Subbed!
Aren’t there software programs for paying rent? So if they pay late it’s already added onto the payment due?
You're not overly negative they just aren't used to the real 😂😂I appreciate seeing all the crap you go through lol.
Thank you!!
Advising people to violate disclosure laws is a pro gamer move if I've ever heard one
Let's strip the sarcasm from this, and be explicit: are you saying that a landlord is not permitted to simply introduce themselves to a tenant as the proprietor of "AAA Property Management, LLC" (assume that is factually true,) and omit the other fact that they happen to also be the property owner? And if so, is that near-universal in the U.S., or does it vary from state to state, city to city? EDIT: Also, my question assumes that the property is deeded to an LLC (possibly a differently one than the management company.)
@@RyanBissell in the state of Texas if you are buying real estate or managing real estate as a licensed REALTOR and seld representing you must disclose it to buyers and tenants.
Not sure if universal.
@@earningattorney9887 As you've worded it, the fact that I'm not a licensed real estate agent seems like it affords me more leeway. (And, I thought REALTOR® was just the trademark of a club that you can choose to join, once licensed by the state.)
@@RyanBissell its practically mandatory to join NAR once licensed if you want to practice
I like this one allot. You calling out Grandma. I don't know allot on Real Estate, but it's funny. And I truly agree with you Mr. Kevin
I actually use your second tip but use my dogs name. "Just one second I'll ask the owner leo"
using tip = lying for no good reason. Act like an adult and be honest, or try to work with the tennant.
Always great advise!
Dude love your passion about real estate. You're awesome.
I like the telling tenants you aren't the owner trick. But I also like - "sorry, that's my policy" to every rule I put in place due to every thing I've gotten burned on over the years. I explain it to them like that too, "I've been burned by people before, so sorry I can't, that's my policy." And everyone seems to understand, then probably feel bad and about trying to do the same thing to me (a female) and pay up or get a damn 5 day notice - because "that's my policy" Sorry but not sorry. I'm an accountant by trade, so I love policies and it kinda comes natural LOL Every time you get burned, make a policy to prevent it from happening again. Call it a policy and stick to it.
Why not see if pushing back on that tenants rentals due date would benefit both and ensure that rent is paid on time in the future?
Great tip with the humidsat. I'm getting one now. Maybe you can put a link in the show note for people, and get a percentage 😉
Problem is.. its public record .. tenants are savy. At least mine are. They know who owns the property
Is there not a public register of property ownerships in the US? Where you can look up who really owns a property...
You say leverage so much but how do you gain leverage over a tenant?
I think one of the big points to make about looking for a tenant as well is having a minimum qualifications checklist already made so you cannot be sued for Bias, even subconscious not on purpose Bias.
That is particular true here in NYS!!!!
Kevin! It’s totally fine to make long videos. You’re making great content and people appreciate it! at least I do LOL
Who else is watching this from a room of a place thats not even theirs? Nobody... just me? OK *CRIES*
Graham makes it sound easy sitting there with a ice coffee and sitting back collecting money everywhere and Kevin makes it sound like he’s running around with a fire extinguisher putting out fires screaming lol.
Ray channel I like the two different viewpoints
Hopefully it’s more like graham point of view but they say if it’s too good to be true it probably is.
Tenants will purposely destroy things because they want new things. It happened to my mom's rental. The destroyed the fuse box because they wanted new washer and dryer. My mom took their word for it because she lives out of state. They had multiple dogs even though the contract said no and of course the dogs destroyed things.
I’m living in a basement with no financial future to buy but I can’t stop watching Kevin real estate info! Oh well I’ll just pocket my knowledge as a souvenir.
good elaboration on Graham's points. Good info ... gonna have to go check you out
I have been an investor for 20 years and I'm also a real estate broker. You make some good points like speaking to the tenant's previous or 2 previous landlords instead of the current landlord when screening, but some of it was knit picking. Just my opinion, but good video non the less. Thumbs Up.
Good report
Thank you
I agree with Graham.... no need to rush a tenet in
I don't think I suggested rushing a tenant in
You didn’t Graham said it in the beginning clip of the video you played
Hey Kevin love your video man.. can you please make a video for house/rental insurance??
Ive been renting a room in a house where the mother bought it for the son, and the mother lives in another country. He's like a nightmare tenant. It's no fun being a quality tenant renting from an owner who treats their house like shit.
Should we wave the late fee?
(If you respond you get to partly own a property)
17:00 You are correct, handyman pre-approval is a blank cheque and a bad idea. Tenants would think nothing of having your handyman come out to replace a user serviceable lightbulb and have you paying for an hour of handyman time. Ain't happening on my watch.
I have been binge watching. Loving the info.
this video came out when he had 12 subs? wow, no wonder he blew up. He's providing some heavy value here.
I feel like its morally wrong to check credit for renters. There is no credit being issued, and so its a bit too far over the line. It's only a rental, you don't deserve to know my financial history and credit score.
Chlorophant mmmm being fiscally responsible is a good sign you will be a good tenant. Landlords got to eat and protect their property. Why rent to people who can’t possibly pay it and have bad credit. Jobs even screen your credit. You are not going to work at a good hog or bank or govt if you have bad credit
@@AF-xi8ly I disagree.
Kevin !!!!!!!!!!! Your the best period . LOve how real you are !
WTH TH-cam.. this got in my front page recommended video right after watching Millennial Money today where they talked about how Meet Kevin and Graham Stephan met..
This has got to be your best video. I agree with you on pretty much every point. Especially the green light for a mr fixit. Keep posting videos like this. Graham is the best, but I like what you said in this video. Also, I would tell tenants that others are involved. It is safer.
I think Graham was arguing the same point you made in the beginning about the lifestyle. I completely see your point on calling the previous rental owners, but I've had owners be honest to me regardless. Because it's just 1 additional thing to check on out of many and it can be helpful, I don't think it's dumb. You never want to rely on 1 piece of data regardless. One question I had was your advice on pretending not to be the owner. If you come out saying you are the property manager, that isn't lying at all. But, if you go so much as to pretend to call the owner or deceive the tenant specifically that may cause a problem later. I'm not sure if a law is being broken specifically. But if something does go to court for some reason, I would bet a judge wouldn't like that much.
Hi Chris H. No law is being broken although it could surely degrade the landlord/tenant relationship. Not a proper way to be a landlord.
@@TheLandlordAdvocates I completely understand the incentive to do that. lol I just feel like it could be taken a little to far and may stir up some trouble. My first renter was bad at the end.
@@chrishammer5925 We can see it, but on the other side, if the tenant turns out to be a great tenant, it would be awkward to be honest with that tenant later on. If a landlord feels, from the onset, that they must conduct themselves in that manner, then maybe they chose the wrong tenant.
Do a video on leverage over tenant next
I dont know much about real estate but common sense for me is that the worst people to rent to usually cant afford higher priced rent. To me, the people with the best credit and rental history always seem like the people who can afford the higher prices for rent.
Kevin's like me and any other really financially educated people with the perfect success mindset, he sees the good and bad in everything and can make any situation go his way, every situation has 100's of different points of views and you must be able to optimize everything and think about it very complex. Kevin did not disagree with any of the things graham said he simply was using his successful mindset to be really advanced and add onto everything Graham said, and point out the good and bad things because a truly successful person can argue both sides for anything, a truly successful person will make anything and everything a good thing or a bad thing, there is good and bad in every situation you just must learn how to view it from every perspective possible and turn it into whatever you want.
Hahaaa. The intro was epic. Great video to watch.
Thanks Kevin...I hope you can continue doing these types of videos! Now ..How does a nubie like me find a mentor? though I'm only trying to buy a house to live in and house hack.If you mentor people what are your prices? :-D
Next video:Graham Stephan reacting to Meet Kevin 😂👍
When you tell them you are not the landlord then who do you make out the lease to and who signs the lease on the landlords behalf?
A property manager or real estate broker can be valid to sign on behalf of the owner in numerous States. Check the laws in your municipality for such regulations. Take Care.