Good to Great with Robert Crawford

This update was delayed due to Hurricane Ian that directly hit us last week. I am currently located on the water in the south side of Tampa Bay and we got lucky that at the last moment the direction of the hurricane went further south. This left us with lots of rain and wind but the potential flooding was avoided since we were north of the Hurricane's eye. Even though the hurricane did minimal damage, we were without power for three days and internet for six days. Many trees in the neighborhood got knocked down but luckily most properties did not get major damage besides some fences and shingle roof damage. We may have survived the Hurricane in our area, but many parts of Florida south of our location were not as lucky. This was a big lesson in preparedness for disasters and showed us how vulnerable our current society is for food supply and energy. Unfortunately, it's not just natural disasters we have to be worried about but man-made war and economic disasters are a big up coming concern which I discuss in this latest video. _______________ I am a Real Estate Entrepreneur on a mission to help the world understand and achieve financial freedom. Follow me to learn about real estate, business, sales, personal finance, trends, technology and current events. Buy, Rent, Sell or Invest in Real Estate: Get a Property Valuation: https://wearerealty.com/clients/sell Find Your Next Property: https://wearerealty.com/property Useful Links: Sales Education: https://education.wearerealty.com/learn-about-sales/ Real Estate Education: https://education.wearerealty.com/learn-about-real-estate/ Get your Real Estate License: https://education.wearerealty.com/states/ My Websites: WE ARE REALTY: https://wearerealty.com Personal Site: https://robertjcrawford.com Connect with me: Instagram: @RealRobCrawford Twitter: https://twitter.com/CallRobCrawford LinkedIn: https://www.linkedin.com/in/robert-crawford-57514317/ Facebook Page: https://www.facebook.com/CallRobCrawford Robert is a licensed real estate broker in California, Florida and Virginia. This video and any other content is not financial, tax or legal advise. It is recommended to consult a licensed attorney, CPA or financial advisor to discuss your personal needs.

The Federal Reserver has increased the base rate by another .75% this week. Real Estate mortgage interest rates have hit the highest point since 2008. Prices of goods and services are beginning to come down all while the Governments and Bankers prepare to roll out their digital currency system. ISO 20022 has been an international plan for years that will lead to central bank digital currencies (CBDCs). I discuss how this plan is shaping up and the downfalls it can lead to for our society. ______ I am a Real Estate Entrepreneur on a mission to help the world understand and achieve financial freedom. Follow me to learn about real estate, business, sales, personal finance, trends, technology and current events. Buy, Rent, Sell or Invest in Real Estate: Get a Property Valuation: https://wearerealty.com/clients/sell Find Your Next Property: https://wearerealty.com/property Useful Links: Sales Education: https://education.wearerealty.com/learn-about-sales/ Real Estate Education: https://education.wearerealty.com/learn-about-real-estate/ Get your Real Estate License: https://education.wearerealty.com/states/ My Websites: WE ARE REALTY: https://wearerealty.com Personal Site: https://robertjcrawford.com Connect with me: Instagram: @RealRobCrawford Twitter: https://twitter.com/CallRobCrawford LinkedIn: https://www.linkedin.com/in/robert-crawford-57514317/ Facebook Page: https://www.facebook.com/CallRobCrawford Robert is a licensed real estate broker in California, Florida and Virginia. This video and any other content is not financial, tax or legal advise. It is recommended to consult a licensed attorney, CPA or financial advisor to discuss your personal needs.

All my stories of my career and my journey were based off this idea of focus on the most important task, which is what that book, the one thing is all about. The one thing talks about eliminating the clutter, that multitasking is a myth. That's something I really didn't grasp until later on when I really got into real estate and I learned the idea of time blocking. The idea of time blocking is taking a chunk of time in your calendar and focusing on your most important task during that time period. That means avoiding any emails, avoid returning calls and text messages, avoid distractions in your office place, closing your door, shutting everything else off, and just focusing on that task. To do that, first, you need to figure out what your most important task is. Time Management Course: https://robertjcrawford.com/courses/time-management/ I am a Real Estate Entrepreneur on a mission to help the world understand and achieve financial freedom. Follow me to learn about real estate, business, sales, personal finance, trends, technology and current events. Buy, Rent, Sell or Invest in Real Estate: Get a Property Valuation: https://wearerealty.com/clients/sell Find Your Next Property: https://wearerealty.com/property Useful Links: Sales Education: https://education.wearerealty.com/learn-about-sales/ Real Estate Education: https://education.wearerealty.com/learn-about-real-estate/ Get your Real Estate License: https://education.wearerealty.com/states/ My Websites: WE ARE REALTY: https://wearerealty.com Personal Site: https://robertjcrawford.com Connect with me: Instagram: @RealRobCrawford Twitter: https://twitter.com/CallRobCrawford LinkedIn: https://www.linkedin.com/in/robert-crawford-57514317/ Facebook Page: https://www.facebook.com/CallRobCrawford Robert is a licensed real estate broker in California, Florida and Virginia. This video and any other content is not financial, tax or legal advise. It is recommended to consult a licensed attorney, CPA or financial advisor to discuss your personal needs.

Let's talk about passive income with Real Estate. This is a term I hear all the time online, different TikTok videos and Instagram about passive income real estate. The idea is that you purchase an asset and then you sit back and collect payments. Well, this could be true, but there's really only two or three scenarios that I'm aware of, that it's actually true. The first scenario is purchasing a cash flow property. Whether it's a house that you're going to short term rent or a multifamily property that you're going to a long term lease out or a commercial building that you're going to get a long term tenant in place. These all require work. So the only way to get passive income on an asset like that is to hire a really great property manager. And in many cases, like what we do for a lot of our clients, it works out. We handle everything from maintenance requests. When a tenant calls up and there's an issue with the toilet that needs to be unclogged, we'll send out a plumber. We'll handle the billing for that vendor. We'll make sure the rents are collected on time. Unlike a gross lease, which is most leases and especially residential, which means that the landlord is going to pay for the property taxes, they're going to pay for the maintenance on the property, and if the AC blows out, they're going to have to replace that. on a plot of land. Then they actually build their facility on top. So does McDonald's. They have triple net leases on their locations. They'll build the McDonald's on top, then they'll lease out to the operator who's going to operate on top of that. So that's one of the most passive income ways to get real estate is called a triple net lease. Now, either way you go, a triple net leases can be great, but you can get some higher returns on other types of investments, such as mobile home parks. Short term rentals are really great right now. Question is how long is Airbnb going to last? Probably for a while. But more importantly, what are the laws in that local area that are going to be passed? L.A. Los Angeles has basically shut down Airbnb. They passed a law that says unless you're a primary owner, meaning you live in that house and it has to be a single family home, you cannot Airbnb a multifamily property now, you can't Airbnb, a commercial property. You can only Airbnb in Los Angeles city, a single family home, and it has to be a primary residence. And even then, you have to get a permit to do it, and they only let you do 120 nights a year unless you're doing a longer term lease, which is generally over 29 or 30 days now. Those higher income producing investments can be passive if you get a great property manager. So how do you find a great property manager? Well, vet, the property manager asked for referrals. Check yelp to see the reviews. Look for property manager signs that are already around your area. Start calling them, talking to them. Ask what are their rates normal property management rates, or somewhere between five to 10% of the gross rent? So if your investments bringing in $10,000, that means you're going to be paying that property manager somewhere between 500 to $1,000 for them to handle that. Now, short term rentals and other investment vehicles that require more management effort usually charge higher. I know in Joshua Tree, for example, we're looking at some management companies out there or we may manage it ourselves, and they're charging 30% of the gross rent. favor because it's going to make it as passive of an income as possible. Follow us for more tips and we'll do another video on how to actually do a financial analysis on these investment properties to see if it's a good deal or not. ________________________________________________________________________ I am a Real Estate Entrepreneur on a mission to help the world understand and achieve financial freedom. Follow me to learn about real estate, business, sales, personal finance, trends, technology and current events. Buy, Rent, Sell or Invest in Real Estate: Get a Property Valuation: https://wearerealty.com/clients/sell Find Your Next Property: https://wearerealty.com/property Useful Links: Sales Education: https://education.wearerealty.com/learn-about-sales/ Real Estate Education: https://education.wearerealty.com/learn-about-real-estate/ Get your Real Estate License: https://education.wearerealty.com/states/ My Websites: WE ARE REALTY: https://wearerealty.com Personal Site: https://robertjcrawford.com Connect with me: Instagram: @CallRobCrawford Twitter: https://twitter.com/CallRobCrawford LinkedIn: https://www.linkedin.com/in/robert-crawford-57514317/ Facebook Page: https://www.facebook.com/CallRobCrawford Robert is a licensed real estate broker in California and Virginia. This video and any other content is not financial, tax or legal advise. It is recommended to consult a licensed attorney, CPA or financial advisor to discuss your personal needs.

On this update, Robert discusses why new home permit applications are falling. New Home builders and investors are pressing the pause button on submitting plans for new construction projects throughout the US. There are a few factors that these savvy developers are concerned about and how this will effect the micro and macro real estate markets. I am a Real Estate Entrepreneur on a mission to help the world understand and achieve financial freedom. Follow me to learn about real estate, business, sales, personal finance, trends, technology and current events. Buy, Rent, Sell or Invest in Real Estate: Get a Property Valuation: https://wearerealty.com/clients/sell Find Your Next Property: https://wearerealty.com/property Useful Links: Sales Education: https://education.wearerealty.com/learn-about-sales/ Real Estate Education: https://education.wearerealty.com/learn-about-real-estate/ Get your Real Estate License: https://education.wearerealty.com/states/ My Websites: WE ARE REALTY: https://wearerealty.com Personal Site: https://robertjcrawford.com Connect with me: Instagram: @RealRobCrawford Twitter: https://twitter.com/CallRobCrawford LinkedIn: https://www.linkedin.com/in/robert-crawford-57514317/ Facebook Page: https://www.facebook.com/CallRobCrawford Robert is a licensed real estate broker in California, Florida and Virginia. This video and any other content is not financial, tax or legal advise. It is recommended to consult a licensed attorney, CPA or financial advisor to discuss your personal needs.

I am a Real Estate Entrepreneur on a mission to help the world understand and achieve financial freedom. Follow me to learn about real estate, business, sales, personal finance, trends, technology and current events. Buy, Rent, Sell or Invest in Real Estate: Get a Property Valuation: https://wearerealty.com/clients/sell Find Your Next Property: https://wearerealty.com/property Useful Links: Sales Education: https://education.wearerealty.com/learn-about-sales/ Real Estate Education: https://education.wearerealty.com/learn-about-real-estate/ Get your Real Estate License: https://education.wearerealty.com/states/ My Websites: WE ARE REALTY: https://wearerealty.com Personal Site: https://robertjcrawford.com Connect with me: Instagram: @RealRobCrawford Twitter: https://twitter.com/CallRobCrawford LinkedIn: https://www.linkedin.com/in/robert-crawford-57514317/ Facebook Page: https://www.facebook.com/CallRobCrawford Robert is a licensed real estate broker in California, Florida and Virginia. This video and any other content is not financial, tax or legal advise. It is recommended to consult a licensed attorney, CPA or financial advisor to discuss your personal needs.

The COVID-19 pandemic gave governments unprecedented authority over the free market that has never happened before. Covid eviction moratoriums have caused devastating effects on the real estate market. Now, with the rising interest rates of borrowing money, combined with the devastating effects of banning lawful evictions in major metropolitan areas, are we about to see a crash in commercial real estate unlike anything we have seen since the great depression? ____ I am a Real Estate Entrepreneur on a mission to help the world understand and achieve financial freedom. Follow me to learn about real estate, business, sales, personal finance, trends, technology and current events. Buy, Rent, Sell or Invest in Real Estate: Get a Property Valuation: https://wearerealty.com/clients/sell Find Your Next Property: https://wearerealty.com/property Useful Links: Sales Education: https://education.wearerealty.com/learn-about-sales/ Real Estate Education: https://education.wearerealty.com/learn-about-real-estate/ Get your Real Estate License: https://education.wearerealty.com/states/ My Websites: WE ARE REALTY: https://wearerealty.com Personal Site: https://robertjcrawford.com Connect with me: Instagram: @RealRobCrawford Twitter: https://twitter.com/CallRobCrawford LinkedIn: https://www.linkedin.com/in/robert-crawford-57514317/ Facebook Page: https://www.facebook.com/CallRobCrawford Robert is a licensed real estate broker in California, Florida and Virginia. This video and any other content is not financial, tax or legal advise. It is recommended to consult a licensed attorney, CPA or financial advisor to discuss your personal needs.