As real estate investors, we've learned that strategic cosmetic upgrades can significantly increase our rental property income and attract quality tenants. We've discovered that focusing on kitchen and bathroom improvements provides the biggest bang for our buck. Our go-to strategies include updating backsplashes, installing modern faucets, and choosing durable vanities that look great and minimize maintenance headaches.

We've found that water-efficient fixtures and timeless finishes not only attract better tenants but also reduce our long-term repair costs. Some of our favorite quick upgrades include:

• Adding floating shelves for extra storage
• Creating accent walls with strategic paint choices
• Installing bedroom ceiling fans
• Upgrading to luxury vinyl plank flooring
• Replacing outdated appliances
• Adding in-unit laundry capabilities

By carefully analyzing local rental comps and investing in smart, targeted improvements, we've been able to command higher rents and keep our properties competitive. These upgrades aren't just about looking good - they're about creating value that puts more money in our pockets. For any investor looking to maximize their rental property potential, these cosmetic upgrades are a game-changer.

We want to hear from you. What are some of your high-impact upgrades that you see a great return on? Drop us a DM on Instagram or pop into our inbox at hello@womeninvestinrealestate.com!

Resources:

• Simplify how you manage your rentals with TurboTenant
• Make sure your name is on the list to secure your spot in The WIIRE Community
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

Welcome back, friends! In this episode of the podcast, we welcome back Jessie Dillon, a seasoned real estate investor who shares her journey from feeling stuck with 17 units to achieving her goal of 50 units. Jessie opens up about the challenges she faced, including a year and a half of stagnation, and how she leveraged capital partners to reignite her growth. She emphasizes the importance of patience, divine timing, and the power of planting seeds for future success.

Jessie also discusses the significance of authentic partnerships and trusting one's intuition, especially for women in real estate. Tune in to learn how Jessie navigated insurance and lending hurdles, and her plans to pivot into self-storage for greater cash flow and be sure to tune into other episodes Jessie joined us on:

• Episode 22
• Episode 149

Whether you're a seasoned investor or just starting, Jessie's insights offer valuable lessons on resilience and strategic growth in the real estate market.

Resources:

• Simplify how you manage your rentals with TurboTenant
• Connect and book a call with Jessie Dillon on Instagram
• Make sure your name is on the list to secure your spot in The WIIRE Community
• Get the scoop on our upcoming WIIRE Retreats
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

In this episode, we explore the world of real estate investment and the ethical considerations of being a landlord. We discuss the importance of financial stability, creating generational wealth, and how responsible practices lead to better ROI. Discover how to transform neglected properties into community assets and the impact of reinvesting in communities.

We delve into the ethical debate around landlording, emphasizing the importance of doing it right. Transforming communities through responsible real estate investment is a key focus, highlighting how financial stability serves as a cornerstone of ethical landlording. Through real-life stories, we illustrate the process of turning neglected properties into valuable community assets, showcasing the positive impact of reinvesting in local areas.

Resources:

• Simplify how you manage your rentals with TurboTenant
• Follow Malia Gudenkauf on Instagram
• Make sure your name is on the list to secure your spot in The WIIRE Community
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

In this episode, we delve into the complexities of depreciation recapture, a crucial concept for real estate investors. We share personal experiences and insights on how this affects tax strategy when selling rental properties. Discover why having a CPA is crucial, and explore techniques such as 1031 exchanges to optimize your investments.

A few key takeaways are...

• Understanding depreciation recapture and its impact on taxes
• The importance of a CPA in real estate investing
• Real-life examples of managing property sales and tax implications
• Plus, hear strategies to defer taxes, including 1031 exchanges

Want more? Join us on Wednesday, September 17, for our free webinar, Rental Management Made Easy: Earn More, Stress Less. Seats will fill up quickly, so act fast to secure yours now!

Resources:

• Secure your seat for our upcoming free webinar on September 17
• Simplify how you manage your rentals with TurboTenant
• Make sure your name is on the list to secure your spot in The WIIRE Community
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

In this episode of the WIIRE podcast, we explore the intricacies of creative financing in real estate. Grace candidly shares her journey with a rental property acquired through creative financing, highlighting the challenges she faced and the valuable lessons learned. The discussion covers acquisition strategies, tenant management, and the critical role of location in real estate investing.

Key insights include the importance of thorough due diligence when engaging in creative financing, the necessity of purchasing properties in great neighborhoods, and the potential pitfalls of rent-to-own agreements. As Grace's experience grows, so does her investment criteria, offering listeners a glimpse into the evolving nature of real estate strategies. Don't miss out on these insights—subscribe now to stay informed on the latest real estate trends and strategies!

Resources:

• Simplify how you manage your rentals with TurboTenant
• Make sure your name is on the list to secure your spot in The WIIRE Community
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

Join me this week as I chat with James Hwang, a standout midterm rental (MTR) operator and New York City oncology pharmacist. James shares his journey from a W-2 job to real estate investing, focusing on midterm rental management.

Key Insights:

• Real Estate Journey: James discusses his transition into real estate, emphasizing the pivotal moments that led him to MTR management.
• Stellar Housing Solutions: Learn how James and his partners manage over 20 MTR units, leveraging local referrals and corporate clients.
• Competitive Edge: Discover the importance of professional photos, strategic listing descriptions, and targeting corporate housing clients.
• Swiss Cheese Effect: James explains this approach to systematizing operations, ensuring seamless guest experiences.
• Top Amenities: Explore must-have amenities like in-unit laundry, pet-friendly spaces, and off-street parking.

James's insights are invaluable for real estate professionals. Connect with him on Instagram or visit his website.

Resources:

• Simplify how you manage your rentals with TurboTenant
• Follow James on Instagram
• Find out more about MTR Office Hours
• Get the deets on Stellar Housing Solutions
• Make sure your name is on the list to secure your spot in The WIIRE Community - doors open TODAY!
• Find out all the details on working with our WIIRE Bookkeeper
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

In this episode, Tayler Monigold dives into her journey of perseverance in real estate investing. Starting in 2020, she was determined to break free from renting and bought her first single-family home. Inspired by "Rich Dad Poor Dad," she ventured into house hacking with a duplex.

Over 10 months, she wrote letters to find off-market deals, learning the importance of consistency and creative financing. This story highlights the power of networking, mindset shifts, and the value of having a supportive community.

Join us as we share insights on navigating the real estate market, overcoming challenges, and achieving financial freedom.

Resources:

• Simplify how you manage your rentals with TurboTenant
• Follow Tayler on Instagram
• Make sure your name is on the list to secure your spot in The WIIRE Community
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram

In this episode of the podcast, we dive into the power of small local banks (SLBs) for real estate investors. Discover how SLBs can be game-changers, offering personalized service and flexible terms that big banks can't match. We share our experiences with 100% financing and construction loans, and provide tips on building strong relationships with SLBs. Don't miss our insights on leveraging these banks to expand your real estate portfolio!

Resources:

• Simplify how you manage your rentals with TurboTenant
• Make sure your name is on the list to secure your spot in The WIIRE Community
• Find out all the details on working with our WIIRE Bookkeeper
• Leave us a review on Apple Podcasts
• Leave us a review on Spotify
• Join our private Facebook Community
• Connect with us on Instagram