W2 Capitalist | Earn. Invest. Repeat.

In today's episode, we're diving into the hot topic of grills at B&Bs and rental properties. Why don't we allow them? Well, it's a combination of safety concerns, peace of mind, and a bit of insurance. I'll share a story of melted siding from a grill and why we believe it's worth the potential missed bookings. Plus, hear about our policies for fire pits, smokers, and deep fryers, and a funny encounter with a guest who brought his own massive grill. Do you allow grills at your rental properties? I’m curious about your policies and experiences. Let’s discuss! Text me at 205-249-0248. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In today’s episode, we’ll dive deep into partnership criteria and why it matters. Join us as we explore the often overlooked topic of establishing clear guidelines before entering into business collaborations. Many rush into partnerships, but with over 13 partnerships in real estate, learn why knowing someone for at least six months and having previous deal experience are crucial criteria. Discover practical insights and join the conversation on what makes a successful partnership.  Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Have you ever found yourself fixing a hotel sink drain in the middle of the night? Join us as we delve into a story of DIY plumbing adventures during a hotel stay. Tune in to hear about our journey from tired traveler to impromptu handyman and reflect on what tasks give you that much-needed mental break.  Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Ever heard folks saying the Airbnb gold rush is over? Many believed hosting was a get-rich-quick scheme requiring minimal effort, only to find out the hard way. Intrigued by the talk of an Airbnb bust, I delved into some fascinating statistics straight from Airbnb. Join us as we dive into some surprising stats about Airbnb that might change your perspective. Despite popular belief, the Airbnb gold rush isn't over; it's evolving. Do you think the B&B gold rush is truly over? Tune in and let us know your thoughts by texting 205-249-0248. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Join us in this episode as we confront imposter syndrome head-on. Inspired by comedian Jimmy Carr's insights, we discuss why imposter syndrome isn't something to fear, but rather, something to embrace as a sign of growth. We explore the misconceptions around success and jealousy, emphasizing that others admire your achievements, not the path you took to get there. Whether you're navigating your small rental portfolio or aiming for greater goals, learn why chasing imposter syndrome can lead to personal and professional advancement.  Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Are you torn between investing in single-family or multifamily rentals? In this episode, we dive deep into the pros and cons of each investment type. Using a fun analogy inspired by my son's thoughts on Spider-Man, we explore how long-term client engagement can impact your investment strategy. Join us as we analyze real-world scenarios and share insights to help you make informed decisions in the real estate market. And remember, always trust your Spidey senses! Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Are you considering self-managing your rental properties but struggling with how to show units without it consuming all your time? In this episode, I'll walk you through our streamlined process, inspired by the W2 Capitalist community and particularly Tyler Hughes and Chattanooga. This method has been a game-changer for our remote portfolio of 20 units, especially after discovering our third-party property manager was stealing from us. If you're looking to enhance your remote showing process or boost your confidence in self-management, this episode is for you. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Ever wondered why some real estate advice from forums or free Facebook groups sounds good in theory but falls apart in practice? Join us on this episode as we dive into the pitfalls of taking advice from inexperienced sources and how the W-2 Capitalist community sets itself apart. Recently, I came across a post in a popular REI group where a father debated installing coin-operated washers and dryers in his duplex. The response he got was filled with poor advice from someone with no real-world experience. Ready to join a community where real experience counts? Text me at 205-249-0248. Tune in to learn more! Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Ever wondered why your tenants keep complaining about mold or mildew in their bathrooms? It might be because their bathroom is treated like a rainforest during a shower! Join us as we dive into Project Wire Bathroom Exhaust Fans to Light Switches. Learn how hardwiring bathroom exhaust fans to light switches can make a significant difference in maintaining a mold-free environment in your rental properties. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Ever feel like you did everything right with your offer but still got a "no"? Sometimes, it's not about what you did—it's about when you did it. In this episode, we explore the importance of timing and follow-up. Drawing from a fun personal story involving family-sized bags of Funyuns, we'll dive into why persistence and strategic follow-up can turn a rejection into an acceptance. Learn how to stop doubting your skills and start mastering the art of the follow-up, and maybe even make your offer stand out with a quirky touch. Find out how the right timing can make all the difference in your real estate investing journey! Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In this episode, I share how my perspective on using credit cards and lines of credit as CapEx and vacancy reserves has evolved over my investing career. Initially skeptical, I've come to see the value of this approach, especially when cash reserves can be better utilized. Hear about real-life examples from our mastermind calls, the importance of distinguishing financial vs. occupational vacancy, and how leveraging credit can help you stay in the game. Tune in and let me know where you stand on this topic!  Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In this episode, we dive into my $500,000 mistake in real estate investing.My biggest mistake of all? Not listening to my wife. Join me as I recount our annual trips to Pigeon Forge, Tennessee, where we discovered a charming cabin that could have been ours for just $130,000. Learn from my experience about the importance of vision, taking risks, and the value of community support in making informed investment decisions. Whether you're stuck in analysis paralysis or unsure about market conditions, this episode will provide insights on how to avoid costly mistakes and grow your real estate portfolio effectively. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Who's ready to get rejected today? As I’ve seen this struggle in our community, we’ve implemented “rejection therapy” as a fun, weekly challenge to build confidence in making offers. Because financial growth can't happen without personal growth!In this episode, I explain how rejection therapy works and why it’s essential. Get ready to embrace rejection as a stepping stone to success. Try rejection therapy today and see how it boosts your confidence and investment results. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Well, well, well, Bluey's house is up for sale! In this episode, I dive into what this fictional house sale teaches us about real estate investing. Whether it's in Australia or Timbuktu, Alabama, unfamiliar markets can present valuable lessons. I'll share the three critical questions I ask when evaluating potential long-term rental investment properties and why avoiding flood zones and understanding population trends are crucial. Tune in for insightful real estate tips! Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In today’s episode, I’ll share an eye-opening experience from my recent trip that led me to stiff a waitress for the first time in 30 years. We'll discuss the importance of providing excellent service, whether you're in the restaurant business or managing rental properties. Drawing parallels between tipping etiquette and our commitment to residents, lenders, and the community, we'll explore why exceptional service is crucial for maintaining strong relationships and ensuring repeat business. Plus, I'll recount a surprising drive-thru encounter that made me rethink tipping in modern times.  Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

We’ll explore the surprising parallels between spare tires and side hustles in today’s episode. Last weekend reminded me just how invaluable both can be. We've been slow traveling for years with only minor vehicle issues until a recent incident underscored the importance of having a spare tire – a reminder of why having a side hustle is equally crucial. We'll discuss the importance of being prepared, staying resilient, and ensuring your "spare tire" – whether literal or metaphorical – is always ready to go. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In this episode, I share a bizarre and NSFW rental application that left me speechless. After years of using Hemlane for property management, I decided to test Facebook Marketplace for filling a vacant unit. The results were surprising, to say the least. From 81 inquiries on Facebook, only one applicant was approved, compared to Hemlane's six inquiries and three approved applications. But the real kicker? An unforgettable voice message from a potential tenant. Tune in to hear the cleaned-up audio and the valuable lessons learned about finding quality tenants. You won't want to miss this one—trust me.  Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

Ever wondered when the best time to transition your PM system is? Tune in to this episode where we break down why the 15th of the month is the ideal day for making this switch. We’ll discuss how this timing ensures rent collection is complete, gives residents ample time to adapt to the new system, and prevents late payment excuses. Sharing personal experiences and practical tips, we’ll guide you through posting notices, following up with residents, and ensuring a smooth transition. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X

In this episode, we dive into overcoming fears and taking actionable steps towards your real estate goals. Join us as we discuss a recent mastermind call with Jason, Brody, and myself, where we tackled the intimidating prospect of door knocking for pre-foreclosure deals. While Brody, an expert in acquisitions, thrives on this strategy, Jason and I—both introverts—struggled with the idea. Whether you're scared to knock on doors, talk to potential partners, or raise funds for your next deal, this episode will guide you in identifying your edge, taking a step back, and building the confidence needed to take action. Remember, confidence yields action, and action yields results. Links Mentioned in this Episode: Products We Use The W2 Capitalist Community Connect with Jay: LinkedIn YouTube Facebook Tweeting on X