#462 Learning to Invest and Manage Properties Remotely

Our guest for this week’s show is entrepreneur, real estate investment expert, and fellow podcaster, Michael Albaum. 

Michael is a real estate investor and Program Manager/Head Coach of Roof-stock Academy, which is one of the world’s leading real estate investment marketplaces and has exceeded more than $6 billion in transactions and continues to disrupt the industry with cutting-edge technology and innovations. 

In the last decade, Michael has done a variety of deals ranging from single-family homes to longer-term NNN lease properties with national chain tenants. After years of investing, he found his niche in long-distance, value-add multifamily investing. Michael recently left the 9-5 world and prior to the pandemic was traveling around the world with his wife, who is also able to work remotely.  

Quote:  

 “As I grew organically in the real estate space, my purview grew as well. And I found short-term rentals are an asset class that can make a lot of sense for a lot of people.”

Highlights:  

05:45: Why getting laser-focused on particular markets led to Michael’s success

07:45: The systems and processes Michael uses to manage investments remotely

09:50: How Michael manages his multi-family investments

13:05: Getting multi-family units ready to lease using property management companies

17:05: How the pandemic and today’s financial market impacted Michael’s investment strategy

22:00: Getting funding for rehab projects

28:10: How short-term rentals have been impacted by increases in post-covid travel

31:35: Finding financing for short-term rental investments

32:40: What advice Michael would give to himself 10 years ago

Guest Website: https://www.roofstockacademy.com/

Recommended Resources: 

  • Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com
  • Self Directed IRA Investment Opportunity –  Click Here To Learn More About How You Can Invest With Us Through Your SDIRA
  • Accredited Investors  Click Here  to learn more about partnering with me and my team on Mobile Home Park deals!
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themMobileHomeParkAcademy.com
  • Schedule your free 30 minute “no obligation” call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

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