BiggerPockets Podcast 294: Meet Property Management Extraordinaire, RE Investor & Hotel Owner Jesse McCue

Are you happy with the current state of your real estate business? If you’re like most people, the answer is no. On today’s show, we interview property management superstar Jesse McCue and dig deep into how he’s became Maine’s top property manager as well as a successful RE investor along the way. Jesse shares how he formed a partnership with a successful business to become an owner of the company, as well as how he bought a 67-unit hotel off of a tip from his electrician for half of its appraised value! You’ll be amazed as he describes a strategy that is “better than BRRRR”—and most importantly, the number one question you need to ask a property manager to find out if they are the right choice for you. If you want to learn how to put fundamental business skills to work in your investment business, this is a show you do not want to miss!

Doggy DNA Testing Forcing Residents to Pick up after Their Pets

People love their pets. Regardless if you live in a community association, there is nothing worse than waking up to a pile of pet poop in your front yard. But the problem isn’t that the pets are out of control, it’s that residents don’t take accountability for their pets.

With a surge of residents disregarding signs and choosing not to follow mandated rules, communities now are turning to “doggy DNA” testing.

Dog owners provide the community association with a DNA sample of their pet, typically a cheek swab, which is then sent to a lab where it is registered. If the dog goes in the neighborhood and it isn’t disposed of, the community association can send the sample to the lab for testing. If there is a match, the pet owner is fined.

CAI’s Chief Executive Officer Tom Skiba, CAE, recently spoke to the Capital Gazette about this problem.

A “very small minority” of community associations have started taking these steps in the past five years to curb poop problems, especially as DNA testing has become more cost-effective and accessible, says Skiba.

“It’s not about not liking pets, it’s not about the dogs. It’s about pet owners acting disrespectfully to their neighbors,” explains Skiba. “The boards have already tried all that they can, and they have an obligation to address this for an aesthetic and health reasons. They finally will run out of options, and this DNA testing is the last technologically enabled high-tech option you can find.”

Community associations typically won’t dish out funds for DNA testing methods unless they’ve tried everything else, including putting up notices, posting pet rules on a website, mentioning it in board meetings, and more.

Should community associations have to take these extreme measures to solve this pet problem?

Think about it, and make sure to carry an extra bag with you on your walk.

The post Doggy DNA Testing Forcing Residents to Pick up after Their Pets appeared first on Ungated: Community Associations Institute Blog.

Hurricane Harvey: Many Texans’ lives still far from normal one year later

One year ago today, Hurricane Harvey made landfall as a Category 4 storm in Texas, dumping as much as 51 inches of rain in some parts of the state—a U.S. record for rainfall from a single storm. Harvey caused an estimated $125 billion in damage and at least 68 deaths in Texas, according to the National Hurricane Center.

The Houston-based Episcopal Health Foundation, in partnership with the Kaiser Family Foundation, recently released a survey that found that many Texans’ lives are still far from normal despite the long-term recovery across the region moving forward.

Nearly a quarter of those surveyed said their financial situation is worse, and one in six reported that their overall quality of life has declined, according to the survey. Even more alarming, four in 10 also said they aren’t getting the help they need to recover and rebuild their lives.

In Harris County, 154,000 homes flooded, and only 36 percent had flood insurance, says Jeff Lindner, director of the hydrological operations division and a meteorologist with Harris County Flood Control District. “A year later, there are nearly 20,000 residences still recovering in different stages of the process because of contactor labor challenges and flood insurance issues.”

If there’s a silver lining from the storm, Harris County residents have become well-versed in flood measures to protect their homes when the next natural disaster strikes, explains Lindner.

“Residents now know what bayou or water shed they live next to and that water tends to run from West to East,” he says.

They also know what happens if flood gates reach critical levels. “In some cases, they know they don’t have to worry until it reaches 58 feet,” says Lindner.

Jeff Lindner, director of the hydrological operations division and a meteorologist with Harris County Flood Control District.

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BiggerPockets Podcast 293: How to Retire Early With Real Estate & Do What Matters More with Chad Carson

Have you ever thought about retiring early, traveling, and living your best life now? On today’s show, we interview Chad Carson, author of the new BiggerPockets Publishing book Retire Early With Real Estate. Today Chad shares how he and his partner were able to accumulate 90 units and live purely off the money generated by their portfolio! In this episode, learn how Chad got started and the steps he took to elevate his business and which strategies he used to make $120,000 on one flip! Chad’s story covers the gamut of flipping, wholesaling, buy-and-hold, and more. If you want to know what it looks like to retire early with real estate (including what you may be doing wrong right now, and how to change that), this is an episode you definitely want to download now!

Making a difference after the tragedy at Marjory Stoneman Douglas High School

Every year, the CAI Southeast Florida Chapter hosts a golf event and donates a portion of the proceeds to a local charity. But this year was different.

When the lives of 17 students and faculty members were lost at Marjory Stoneman Douglas High School in Parkland, Fla., on Feb. 14, community members were struck with shock and sorrow. Among them was Steve G. Mason, CMCA, AMS, PCAM, Atlantic Pacific Management, in Palm Beach, Fla. Mason, a CAI Southeast Florida Chapter board member and chair of the chapter’s golf committee, knew he had to do something.

We recently caught up with Mason to talk about the tragedy and the steps he took to help.

How did the tragedy impact you?
When the incident occurred, it struck close to home. My wife is a Marjory Stoneman Douglas graduate and, one day, our three little kids will attend this high school. My wife is a local elementary school teacher, and my sister is a local high school teacher. We have friends who teach there.

For the chapter event this year, we decided to hold a fundraiser for the school. There was full support and excitement among all chapter board members to be able to give back after the tragedy.

Freshman teacher Felicia Burgin set up a meeting for me with the Assistant Principal Denise Reed. I wanted to know where the money would be going and exactly what the students and faculty needed to get through this recovery period. The school’s staff was thrilled to hear about the fundraiser.

How did the event go?
Since we cover such a large area, the chapter caters its events to benefit our various communities. This year’s event, on April 7, was our best turnout in history, made possible with the support of our business partners. It included 152 golfers, and every sponsorship category was sold.

I wouldn’t have been able to coordinate and execute this event without my platform at CAI. I’ve been a Southeast Florida Chapter board member for 10 years and chaired this golf committee for the past eight years. This event was extra meaningful for my family.

We raised $12,000. The money will go toward activities, comfort animals, supplies, and overall assistance for the school.

The post Making a difference after the tragedy at Marjory Stoneman Douglas High School appeared first on Ungated: Community Associations Institute Blog.

BiggerPockets Podcast 292: 200+ Deals in the First Four Years with Ryan Pineda

Can you really create a massive real estate empire in a short time when starting with almost nothing? In today’s episode, you'll not only discover that it’s possible, but you’ll see exactly how it was done. We sit down with Ryan Pineda, a former baseball player who got his start with just $10k while doing deals from the dugout. Ryan shares with us the exact strategies he’s using to more than double the number of deals he’s doing each year—and how he's done that for the past four years. You’ll learn how he’s finding enough leads to flip 10 deals a month, how he’s able to buy long-distance, how he’s leveraging others so he can get more done, and much more.

Electric scooters: Is the newest commuting solution bringing chaos to community associations?

Move over Uber, Lyft, and bike shares, dockless, electric scooters are the newest mode of transportation taking over cities, and controversy has already come to some community associations.

The scooters, which can go a maximum of 15 mph, provide a relatively cheap and convenient commuting solution for riders, according to the Los Angeles Times. Riders download an app, provide payment, and then use the app’s GPS to find an available scooter, which they unlock with their phone. Once riders reach their destination, they re-lock the scooter with the app. Riders are supposed to park the scooters on the side of the road or sidewalk so they don’t block vehicle or pedestrian traffic, but that’s not always the case.

In Los Angeles, where the scooters have gained a lot of traction, community associations are finding abandoned scooters within their gates, including in their driveways, on sidewalks, and near entrances, which presents a safety hazard. Some residents even describe the scooters as “sidewalk litter.”

Cities across the country have started to regulate where the scooters can be ridden (ideally, in bike lanes) and where they can be left. A Los Angeles proposal would require that the scooters and dockless bicycles be parked in the outer edge of the sidewalk and locked to something, such as a bike rack or a parking meter, according to reports.

The scooters have become such a nuisance in San Francisco and Santa Monica, Calif., that officials have been sending cease-and-desist notices and holding emergency meetings, The New York Times reports. Some cities have filed charges against the scooter companies.

Have you noticed dockless, electric scooters on your condominium or community association property? Will you consider developing rules on this new mode of transportation? Tell us in the comments below.

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