Rob’s Words Of Wisdom

Search

Here’s a CompanyCam walkthrough explaining how real estate investors can use it to manage their properties, even from far away. Rob Rowsell shows how he works with his property managers to create virtual walkthroughs in order to monitor the condition of his real estate investments.

CompanyCam Walkthrough – How Investors Use This Property Management App

CompanyCam Walkthrough - Manage multiple multifamily proerties online at onceRob dedicated this episode of his monthly Inner Circle gathering to demonstrating AI technology and online apps he uses daily. Many of them help his personal development and learning.

However, as you’ll see in this CompanyCam walkthrough, this app directly aids his real estate investing business. From the comfort of his home office, a plane, or anywhere he can access the internet, Rob’s property managers and staff can send him photos and reports on the properties in real time.

Rob opened the app on his desktop computer so he could start the CompanyCam demonstration. The account for his St. Louis multifamily investment appeared. For each unit walkthrough, he created a checklist for his onsite property manager to fill out.

As they inspected each vacant unit, the manager would fill out information, check boxes, and attach photos regarding specific needs. Is the door in rough shape? Does trash need to be removed? Can they see signs of pests? All of these and more can be posted, as well as photos for proof.

Property Managers can even circle important parts of each photo and write notes on them. When Rob goes through the report, he can determine the next steps to take before renting out the unit to new tenants.

Join Our Multifamily Investing Community Today

Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite 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!

 

Can you earn property investment residual income when you own just one rental apartment space? Rob Rowsell, an expert multifamily investor, has the answers – so listen up!

Property Investment Residual Income: When Can I Start Earning Mailbox Money?

Property Investment Residual Income - Grow Your WealthA caller on Rob’s monthly Inner Circle Zoom posed an intriguing question about property investment residual income. Would it be possible for a property investor to generate passive residual income from just one apartment building?

Also, legally speaking, syndications require a large amount of specific forms. What about this caller’s hypothetical situation?

Rob clarified with the caller that she did not intend on partnering with a general property manager on the deal. She did, in fact, hope to generate “mailbox money” from a single investment property.

First off, Rob advised to thoroughly vet the potential partners in the property deal. When you are investing a large sum of money up front, you want to know that your constituents are just as serious as you are.

Run a background check on the Key Principal signing off on the loan. The book Hands Off Investor has a lot of great tips. Above all, ask every question you can think of about the terms of the loan!

Finally, Rob explained the difference between a syndication and joint venture, based on the caller’s follow up. The IRS has very strict rules about joint ventures, which prevent them generating passive residual income. Therefore, the caller would need to stick with a syndication real estate deal to achieve her goal.

Join Our Multifamily Investing Community Today

Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite 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!

Rob Rowsell took a question from a small apartment investor looking to move up. Let Rob explain the ins and outs on how to buy large multifamily properties. When it comes to rental property investing, Rob has the answers!

Ready To Buy Large Multifamily Properties?Are You Ready To Buy Large Multifamily Properties?

Jelisa had gained experience in real estate by investing in apartments with very few units. She thought that she was ready to move up to larger properties. However, the sheer sizes of the apartment complexes she was eying up was were intimidating. Was she really ready to buy large multifamily properties? She asked Rob for some pointers on how he put his education to work and tackled his fears during growth periods.

Rob asked for clarification. Jelisa was looking to sell her triplex and move up to a 16-75 unit dwelling. She instead was looking at a 15-unit complex, due to the sizes of the larger complexes on her list. Essentially, she hoped to baby step up to triple-digit unit dwellings by starting with some double digit ones. She set her focus over the last few months on education, specifically on the expenses and unexpected challenges of large multifamily properties.

Rob’s Advice

Since Jelisa explained that she was selling her triplex to move up and buy large multifamily properties, Rob talked about timing. Before buying a dwelling of 16 or more units, she would need to get her ducks in a row to find a buyer, and let the large dwelling seller know about the sale. Then, there is the matter of securing loans and escrow for the new property once she chooses it.

Jelisa explained that she found many options for financing, with varying risk factors. Rob explained that the potential price of a 16-plex in Jelisa’s home state of South Carolina meant her loan amount would be under $1 million. Therefore, she would need to reach out to a local lender for the loan, rather than a federal lender. This would mean a higher interest rate, but would also provide some much needed flexibility. Explore both credit unions and local banks to see which provides the best options.

Join Our Multifamily Investing Community Today

Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite 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!

Are you a beginner real estate investor? Then let veteran multifamily investment expert Rob Rowsell guide you to the right education course. There are so many rookie mistakes you can slip into, but Rob has been there and done that. Learn to grow your investment portfolio the right way!

Attention Beginner Real Estate Investor! Learn How To Avoid Common Mistakes

Beginner real estate investor rental homeBeginner Real Estate Investor Kris called in to Rob’s monthly Inner Circle Zoom meeting, and laid out her situation. She bought a house to renovate in order for it to generate revenue.

Unfortunately, she had some nightmare experiences with contractors. In fact, she was on her third contractor at the time when she called Rob. For future reference, she asked what education to pursue so she could avoid her properties becoming money pits.

Kris clarified that she planned at first to use the house for a home business, but then decided to use it as a single family rental property. Since Rob specializes in multifamily real estate investments, he recommended Ryan Pineda’s courses for single family rental homes. While Ryan’s education platform is a big investment, it is a goldmine of knowledge for any beginner real estate investor starting with a single family property.

Join Our Multifamily Investing Community Today

Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite 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!

Multifamily Real Estate Investor Rob Rowsell never stops reading. He’s here to recommend three must read books for investing in property. Learn about managing your time and money, and, most importantly, growing spiritually.

Rob’s Must Read Books This Month

Must Read books for property investorsRob quickly summarized three of his current must read books. His recommendations covered wealth mindset and how we should view our time, as well as the importance of Biblical wisdom.

The Psychology Of Money

First up, Rob recommended Morgan Housel’s classic The Psychology Of Money. This is NOT a one time read, but rather a reference book you will pick up again and again. Rob promises reading and applying the lessons from this book will change your entire outlook on investing!

Buy the book on Amazon here.

Buy Back Your Time

Next up is Dan Martell’s Buy Back Your Time. Time is the one commodity that we can’t get more of. When you grasp that concept fully, with the help of this book, you will understand the importance of valuing it. This book also is a great reference that you will want to highlight sections of. Because of its impact on him, Rob was inspired to hire a virtual assistant to sift through his mountain of emails each day.

Buy it on Amazon here.

Must Read Books, Continued: The Richest Man Who Ever Lived

We all could use more Biblical wisdom in our lives, whether or not we are Christians. Steven K. Scott’s book The Richest Man Who Ever Lived collects King Solomon’s secrets to success, wealth, and happiness. When we first seek God’s Kingdom, He will provide everything else we need in life (Matthew 6:33).

Buy the book on Amazon at this link.

Join Our Multifamily Investing Community Today

Do you own your own multifamily rental properties? If not, do you plan to do so one day? Then you should consider joining our online financial group, the ATL Inner Circle Community! Each month, investing pro Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not quite 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!