Rob’s Words of Wisdom

In this clip, Rob Rowsell explains property management companies. Who are they? What do they do? Why do property investors need to know about property managers? If you invest in multi-family apartment homes and rental properties, this video is a must watch!

Property management companies are a must if you own multiple rental properties. Just choose a good one!

Property Management Companies Questions Answered

ATL ALL-In Community member Andy asked Rob if he used property management companies for his multi-family homes. How does the process work? Rob confirmed that yes, he did, then and began to explain.

Property managers are paid based on a percentage of the rent monies they collect. They are independent, third party companies. The companies that Rob does business with employ an online dashboard with weekly reports on the number of new applicants and how many new tenants those applications converted to. Data also includes how many evictions, moves, and skips happened in the past week, plus how much rent was collected. Plans to resolve rent delinquency are also included.

Another major plus is that, after the Monday morning online reports, Rob can meet with the property management companies online to discuss the stats and keep them accountable.

Agreements With Property Management Companies

Rob pays an annual fee to the company in order to contract them. Both he and the companies and part ways with 30 days notice. Either party can cancel their agreement for any reason.

Andy asked another great question. Do these companies only operate in single states, or do they do business nationwide?  Rob confirmed both to be true. He uses one company that manages properties in Missouri, Oklahoma, and Texas, as well as another one that only focuses on one state. One company he let go is doing well in other states, but for some reason, was not performing in Texas.

Join Our Community

Do you own multi-family properties? Do you aspire to? Then you should consider joining our online discussion group, the ATL ALL-In Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate. Having a successful guide in your corner like Rob is a must! Sign up today!

 

In this Gathering clip, Rob Rowsell took a break from his usual real estate and financial discussions in order to share about his Christian faith journey. Rob used a baseball diamond chart as an analogy for “rounding the bases” of spiritual maturity in Christ.

Serving in your local church is key to growing in your Christian Faith Journey.Christian Faith Journey as a Baseball Analogy

First Base is the start of the Christian faith journey. This is when you accept Jesus Christ as Lord and Saviour of your life, and he cleanses you of all of your sins. While it may be the most important event in your walk, it is literally just the beginning!

As you round the rest of the bases, you are maturing. Second Base is your commitment to maturity. Studying your Bible and praying leads to a closer relationship with God. When you grow as a Christian through these steps, God sanctifies you and molds you into the image of His Son.

Heading to Third Base, you obey God and use the talents He blessed you with to serve in your local church. You will learn more about your gifts and where God wants you as you learn to hear His voice.

As we become head back to Home Plate, the end of our Christian faith journey, God wants us to become a Kingdom Builder. Jesus called us in the Great Commission to lead others to him and make them Disciples. At last, we assume the role of Missionary. This can be lived out overseas or right here in our own community.

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL ALL-In Community! Each month, Rob Rowsell teaches you what to do in order to build wealth in the real estate business. It’s not as easy as it looks! This field can be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

When you are in the real estate business, it’s essential to know the basics of buying rental properties at auction. Rob and Gary discuss the process with our rental properties discussion group, the ATL ALL-In Community. There are both treacherous pitfalls and huge rewards to consider when bidding at auction for rental properties. If you’re looking at buying properties on the auction block, you’d better do your homework first!

Buying Rental Properties at auction - do your research before bidding!Buying Rental Properties at Auction – Due Diligence

When Real Estate Investors consider buying rental properties at auction, they must perform their due diligence. Whether you physically look in the windows and interview neighbors, or just research previous sales prices online, you are doing just that. The more you know about the property before going into the auction, the better.

Members of our ATL ALL-In Community chimed in to share their experiences with bidding at property auctions. Steve was not serious about bidding on the auction. However, the seller required him to bring a cashier’s check in a specified amount in order to attend. The auction took place at the county courthouse, and he felt like it sold for much more than it was worth. Steve was just coming for the experience, so no worries from him.

Paula has experience with buying several rental properties at auction. She has done business with the public administrator, so she is often invited to sit in at auctions, even if she has no interest in buying. Paula has learned a lot just from observing auction sales take place.

Jake detailed his experience attempting to buy properties at auction in Phoenix. He went through a bidding service, which was a real hassle. The service was very aggressive, calling constantly to get his bids up. He ended up just giving them his absolute maximum bid, and insisting they not call again. He also detailed a very disturbing experience another buyer had involving a dead animal in the property basement.

Join Our Community for More Rental Properties Advice

Do you own multi-family rental properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL ALL-In Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

 

 

 

Asset Protection strategies to protect real estate are so important! If you do not file your numbers properly regarding your properties and liens, you open yourself up to litigation. Savvy attorneys notice when your real estate properties’ numbers are not right, so don’t slip up! Protect your assets!

Real Estate Protection Strategies - build your assets umbrella to cover all the paperwork basesStrategies To Protect Real Estate – Asset Protection Umbrella

Rob Rowsell opened up to the group about strategies to protect real estate that he learned from experience. The first step in building that asset protection umbrella is making sure you have all of your ducks in a row, paperwork wise.

When you buy new multi-family rental property, you will go through the arduous process of filling out a giant stack of papers at the courthouse. One of Rob’s friends and mentors advised him to make sure those forms show the correct amount of equity in the home. Do the math! Between the actual value of the property and your loan, you must enter in the right numbers at the County Assessor’s Office. Otherwise, you may leave yourself open to a messy lawsuit.

Make no mistake, some lawyers are sharks who swim around and examine public records. When you do not enter in your information correctly, they might just smell your blood in the water! Implement the legal strategies to protect real estate, or your mistakes could quickly cost you investments you’ve worked years for.

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL ALL-In Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can be hard to navigate, so having a successful guide like Rob is clutch! Sign up today!

 

 

We real estate entrepreneurs are Type A Personalities. We’ve learned to mellow with age. While we are healthy and in a good financial position, we need to relax and enjoy the fruits of our labor. A side benefit of taking time off? Your employees can show you how well they perform when you’re not there watching over their shoulders! Enjoy life’s blessings and plan a vacation today – you may not be in the position to do so tomorrow!

Type A Personalities – Stop And Smell The Roses While You Still Can!

Type A Personalities need vacations too!Recognizing the older, successful Type A Personalities in the room, Rob provided the example of how strict a boss his father was when he was younger. Rob said he and and his co-workers felt lucky to get lunch breaks and a weekend off! Later on, Rob’s son Micah worked for Rob’s dad. In stark contrast, the elder Rowsell was much more lenient with young Micah. We all tend to mellow with age, and (hopefully) become more empathetic of others.

One of the perks of investing well throughout our careers is the ability to enjoy the fruits of our labor. It may be tempting for us Type A Personalities to keep our noses hard on the grindstone to the very end. What good is the wealth we have earned if we can’t enjoy it, though? While you have time, money, and health, plan a vacation getaway with your significant other. If you don’t, you will regret it.

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL ALL-In Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

 

You can’t hide anything from an attorney! If you own multiple properties, then you need to take steps toward financial assets protection. In order to protect your assets, make sure that you have enough property insurance to protect your investments and practice anonymity. Otherwise, you will live to regret it!

Financial Assets Protection is a must - multi-family rental propertyFinancial Assets Protection Strategies Discussion

Rob Rowsell hit the ground running in this ATL call! It is so important to cover all your bases with your properties. He learned his lesson about financial assets protection the hard way when a jilted employee blindsided him with a lawsuit for over a half a million dollars! Talk about not having your ark ready for the storm!

Our host laid out three key strategies to assure that our assets are protected:

  1. Make sure you have enough comprehensive insurance on the property
  2. Practice anonymity through a property holding company – an LLC doesn’t count!
  3. Have enough liens on the property to make sure the value is evident

If you don’t think that you will need this advice, then you should think again! The more properties you own, the more open to litigation and financial audits you will be. Whether you like it or whether you don’t, the storm is coming. Do you have enough financial assets protection strategies in place in order to weather the storm?

Join Our Community

Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL ALL-In Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!

 

Get ready to Grab Life Big with the Tribe of Millionaires Podcast by GoBundance – The podcast for healthy, wealthy, generous people who choose to live epic lives, now with double the content. Subscribe through your preferred podcast platform & catch 2 new episodes each week packed with information and lessons you’ll only find through the Tribe of Millionaires Podcast: Interviews with Featured Guests on Tuesdays, and GoBundance Member Spotlights on Fridays.

From being homeless, living on the streets, and being in jail more than he was out of it, Rob Rowsell stumbled into rehab and, by the grace of God, recovered from his addiction to alcohol, crystal meth, and cocaine. Once he got sober, things changed.

Rob went from buying an auto repair shop with zero money out of pocket and growing his business to five shops, and eventually realizing his $10-million exit plan. Rob is now a successful entrepreneur, investor, and author of the book, ADDICTED TO LIFE! How I Went from Homeless to Extraordinary Success and Happiness in a Short Period of Time.

Join today’s conversation and be inspired by Rob’s heartfelt stories of struggle and redemption.

Here are some power takeaways from today’s conversation:

[01:50] Rob’s $10-million exit strategy

[05:57] Investing in real estate education

[10:13] What he learned from his wealth advisor

[15:39] Rob’s addiction and recovery story

[17:03] How he ended up buying an auto repair shop with zero money out of pocket

[20:39] The law of exposure

[25:44] When the pain to stay the same is more than the pain to change

[31:16] Sustaining a marriage through it all

[38:11] Why you can’t outgive God

[45:48] The Boston Marathon story

Notable quotes from the Episode:

“We can only handle so much. If God somehow revealed to us everything we needed to know to get from A to Z, we wouldn’t even begin the journey. So I just began the process.”

“The law of exposure says that you are what you hang around. Whatever you hang around, you will become.”

“For any change to happen in your life, you’ve got to be done with the old life, the old behavior, the old habits –  so bad, that the pain to change is less than the pain to remain the same.”

“You can’t outgive God.”

Connecting with the Guest

Book:

www.robrowsell.com

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Interested in starting your own podcast or handing off your production to a qualified team? Email erik@onairbrands.com to learn how we’re making the world better, one mic at a time.

 

The “Diary of an Apartment Investor” podcast, hosted by Brian Briscoe, recently had Rob on as a guest. Rob recounts his experiences working with an SEC Attorney and gives advice to beginning syndicators.

Rob recently appeared on the “Prosperity Through Multifamily Real Estate Investing” podcast. He discussed the topic “8 Keys to Success”.

Ever experience hardships that you thought you would never overcome?

Today’s guest is best selling author of the book, “Addicted to Life-Your 8-Step Formula for Achievement,”Rob Rowsell. Rob’s story is one of hardship, triumph, and inspiration.

Rob struggled with a life of drug addiction, leading him to homelessness. After meeting his future wife and making the decision to “be done,” Rob began his extraordinary journey of recovery and entrepreneurial success which has led him to be inducted into the Hall of Fame for 2 different prominent real estate mentorship programs and becoming a best selling author.

Rob shares his 8 step formula for achievement with us that can apply to any aspect of our lives.

  1. You have got to be done
  2. You have to get uncomfortable and take action
  3. You must create the wave of momentum
  4. You have to prepare now for what’s coming
  5. You must be open to the unexpected
  6. You won’t always feel like your winning
  7. You must understand the law of exposure
  8. You won’t do it alone

Rob is a huge advocate of coaches in every aspect of his life to continue to build success upon success. Set 1, 3, and 5 year goals and develop quarterly action plans to pave your path of success. Coaches will not only guide you but also help to hold you accountable. You should always be investing in yourself.

To download a free copy of Rob’s book, “Addicted to Life-Your 8-Step Formula for Achievement,” visit www.addictedtolifebook.com. To learn more about Rob, you can visit www.robrowsell.com.

Tune in next time!

 

 

About the Show

This podcast is for anyone seeking to learn how to create a lifetime of wealth and financial freedom by investing in multifamily real estate. Whether you are an aspiring syndicator or a passive investor seeking better returns and cash flow from your investments, this show is for you. Cody Laughlin and John Batey speak to industry experts to discuss all aspects of investing in multifamily real estate and seek to help all multifamily real estate investors improve their education and learn proven strategies to grow their businesses. (Description by Cody Laughlin)

Most of us resist setbacks and struggles, but both are crucial to our growth. In fact, the most successful investors respond to failure with resilience. These investors pick themselves up, dust themselves off, and then take the next step of uncomfortable action toward their dreams of financial freedom.

Rob Rowsell embodies that kind of human will. In 1999, he was a homeless crack addict living on the streets. Then, he stumbled into a rehab center, and through sheer grit, Rob turned his life around. Today, he is a real estate investor, motivational speaker, multiple business owner and bestselling author of Addicted to Life: How I Went from Homeless to Extraordinary Success and Happiness in a Short Period of Time.

On this episode of Financial Freedom with Real Estate Investing, Rob joins cohost Garrett Lynch and me to share his journey from homeless addict to successful multifamily investor. He explains why so many aspiring investors don’t succeed, challenging us to develop a strong WHY and leverage visualization to reach our goals. Listen in for Rob’s insight on cultivating the mindset where you need to take action, grow through the challenges, and achieve financial freedom as a multifamily investor!

Key Takeaways

Rob’s struggle with addiction

  • Hooked on both meth and crack cocaine
  • Homeless and unemployable

What inspired Rob’s decision to change

  • Realized he was on the path to death or prison
  • Pain to stay the same was greater than the pain to change

How Rob got back into society

  • Choose new people, places, and things
  • Willing to take uncomfortable action

Why aspiring investors don’t take action

  • Biggest hurdle is equal to previous successes
  • They lack a big enough WHY

How Rob uses visualization to reach his goals

  • Write out your goals as if they are already accomplished
  • Read over in order to instill yearning and belief

The traits of a successful entrepreneur

  • Builds momentum via stacked action
  • Willing to act despite uncertainty
  • Grow through catastrophic failure

How Rob used knowledge in order to build momentum

  • Ziglar taught potential to succeed
  • Saved so he could buy Carleton Sheets course

How Rob got into real estate

  • Bought auto repair shops with no money down
  • Used hard money for first few SFHs

How Rob grew a 1K-unit multifamily portfolio

  • Start with SFH buy-and-hold strategy
  • Flip SFHs into small multifamily
  • Reinvest profits in larger multifamily

About “Financial Freedom with Real Estate Investing” Podcast

The Financial Freedom with Real Estate Investing podcast is all about how you can achieve financial independence and control your time through apartment building investing. Each week, hosts Michael Blank and Garrett Lynch interview experts who share how you can get started with investing in multifamily real estate even if you don’t have previous real estate experience or cash of your own to invest. You’ll hear from experts like Grant Cardone, Robert Kiyosaki, Ken McElroy, Robert Helms, Brandon Turner and Hal Elrod about developing the right mindset and scaling your portfolios. You’ll also hear from dozens of people who share how they have been able to quit their jobs with multifamily real estate. Whether you’re just getting started or want to scale your syndication business, this is the show for you!