Tracy Streich's guest appearances

Tracy Streich

The Property Management Mastermind Show

Bootstrappers For Entrepreneurs

Brad Larsen

Stacey Salyer

Paul Kankowski

Todd Ortscheid

Sarah Durbin

Deb Newell

Mike Michalowicz

John Warrillow

Scott Lewis

Sean Morrissey

Shawn Johnson

Ray Hespen

Mark Thompson

Mike Nelson

Ben White

OwlTail

So, you have been in the real estate industry for 10 plus years and haven't heard about real estate and rental property syndication? Well, this is because regulations were not allowing syndications opportunities to be publicly promoted.  On this episode of Bootstrappers, we talk about the basics of rental property syndication with our guest Tracy Streich from Renters Place in Tulsa, Oklahoma. We discuss the best type of investors, how to set up a syndication, what works and what doesn’t. If you are looking for unique investment opportunities this episode is for you! Bootstrappers Show is powered by Anequim

So, you have been in the real estate industry for 10 plus years and haven't heard about real estate and rental property syndication? Well, this is because regulations were not allowing syndications opportunities to be publicly promoted.  On this episode of Bootstrappers, we talk about the basics of rental property syndication with our guest Tracy Streich from Renters Place in Tulsa, Oklahoma. We discuss the best type of investors, how to set up a syndication, what works and what doesn’t. If you are looking for unique investment opportunities this episode is for you! Bootstrappers Show is powered by <a href="https://anequim.net/" rel="nofollow" target="_blank">Anequim</a>

101 on Rental Property Syndication: Are You Ready to Become an Investor? With Tracy Streich

I love offering listeners fantastic benefits, such as some great discounts for products, with new offers coming all the time! You can see a complete list at propertymanagementmastermind.com. For all of these offers, use the discount code “Brad” to secure your discount. Tracy Streich, an Oklahoma native, joins me today for a true mastermind episode. He’s a fellow property management company owner, and manages almost 500 doors. We’ll chat about best practices for all kinds of things, including short term rentals and syndications. This is a great conversation, so don’t miss out! We’ll start off by sharing our thoughts on legislation, both in terms of Oregon’s recent statewide rent control laws and in terms of the dangers of acting like a property manager if you’re a real estate agent. From there, we move on to talking about syndications. Tracy explains that he raised about 30% and leveraged about 70% on three different funds, and chats about the experience he gained from the process. As Tracy explains, syndication the way he does it is a three-step process with three separate ways of making income: buying the homes, managing them, and selling them at the end. As we’ll emphasize, it’s important to make sure you’re doing all of this right, so get a competent lawyer from the beginning! From syndication, we’ll move on to talking about short-term rentals. As you’ll learn today, Tracy owns and manages several short-term rentals, and he shares his experience in getting started as well as sharing some words of wisdom for listeners who are interested in getting into this market. We’ll also spend a lot of time digging into resident benefit packages, including various things that you can include in them. Show Notes [02:04] - Brad welcomes listeners to today’s episode and introduces its guest, Tracy Streich. [03:11] - Tracy gives us a quick introduction to who he is, what he does, and why he’s so happy to manage properties in Oklahoma instead of a state on the Pacific coast. [04:54] - Brad brings up the topic of Oregon’s recently passed state rent control, and he and Tracy chat about the subject. [08:18] - Tracy digs into the danger of a real estate agent acting like a property manager, and Brad expands on the subject. [12:05] - We learn about the process of syndication in single-family homes. [15:55] - Tracy goes deeper into the three-stage process involved in the syndication system he’s been talking about. [18:17] - We hear more about the process of getting started in syndication, and how it’s single in single-family syndication than multi-family syndication. [20:45] - Tracy talks listeners through his short-term rentals. [24:55] - What percent of collected rent does Tracy charge when managing the short-term rentals he’s been talking about? [27:18] - On average, how much does Tracy think it would cost someone to set up a short-term rental? [33:08] - There have been a couple times that people have decided against doing a short-term rental after hearing about the expense, Tracy explains. [35:00] - Tracy talks about renters’ insurance, and how he has moved that into the resident benefits package. [40:21] - We hear more about specific coverages that Tracy has been seeing. [42:56] - Tracy explains that he tried to find monthly recurring charges to tenants to incorporate into the resident benefits package. [48:00] - Presentation is everything, Tracy points out, and explains how this relates to what he has been talking about. [51:22] - How can people reach out to Tracy to learn more? Links and Resources: Property Management Mastermind Property Management Mastermind Group on Facebook adisarro@sccombank.com (619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank) Seacoast Commerce Bank Insurance Management Group (918) 728 8992 (Derek Scott with Insurance Management Group) zInspector FilterEasy Property Meld Tracy Streich on LinkedIn tracy@rentersplace.com RentersPlace Tracy Streich on Facebook Airbnb VRBO

I love offering listeners fantastic benefits, such as some great discounts for products, with new offers coming all the time! You can see a complete list at <a href="http://propertymanagementmastermind.com/" rel="nofollow" target="_blank">propertymanagementmastermind.com</a>. For all of these offers, use the discount code “Brad” to secure your discount. Tracy Streich, an Oklahoma native, joins me today for a true mastermind episode. He’s a fellow property management company owner, and manages almost 500 doors. We’ll chat about best practices for all kinds of things, including short term rentals and syndications. This is a great conversation, so don’t miss out! We’ll start off by sharing our thoughts on legislation, both in terms of Oregon’s recent statewide rent control laws and in terms of the dangers of acting like a property manager if you’re a real estate agent. From there, we move on to talking about syndications. Tracy explains that he raised about 30% and leveraged about 70% on three different funds, and chats about the experience he gained from the process. As Tracy explains, syndication the way he does it is a three-step process with three separate ways of making income: buying the homes, managing them, and selling them at the end. As we’ll emphasize, it’s important to make sure you’re doing all of this right, so get a competent lawyer from the beginning! From syndication, we’ll move on to talking about short-term rentals. As you’ll learn today, Tracy owns and manages several short-term rentals, and he shares his experience in getting started as well as sharing some words of wisdom for listeners who are interested in getting into this market. We’ll also spend a lot of time digging into resident benefit packages, including various things that you can include in them. Show Notes [02:04] - Brad welcomes listeners to today’s episode and introduces its guest, Tracy Streich. [03:11] - Tracy gives us a quick introduction to who he is, what he does, and why he’s so happy to manage properties in Oklahoma instead of a state on the Pacific coast. [04:54] - Brad brings up the topic of Oregon’s recently passed state rent control, and he and Tracy chat about the subject. [08:18] - Tracy digs into the danger of a real estate agent acting like a property manager, and Brad expands on the subject. [12:05] - We learn about the process of syndication in single-family homes. [15:55] - Tracy goes deeper into the three-stage process involved in the syndication system he’s been talking about. [18:17] - We hear more about the process of getting started in syndication, and how it’s single in single-family syndication than multi-family syndication. [20:45] - Tracy talks listeners through his short-term rentals. [24:55] - What percent of collected rent does Tracy charge when managing the short-term rentals he’s been talking about? [27:18] - On average, how much does Tracy think it would cost someone to set up a short-term rental? [33:08] - There have been a couple times that people have decided against doing a short-term rental after hearing about the expense, Tracy explains. [35:00] - Tracy talks about renters’ insurance, and how he has moved that into the resident benefits package. [40:21] - We hear more about specific coverages that Tracy has been seeing. [42:56] - Tracy explains that he tried to find monthly recurring charges to tenants to incorporate into the resident benefits package. [48:00] - Presentation is everything, Tracy points out, and explains how this relates to what he has been talking about. [51:22] - How can people reach out to Tracy to learn more? Links and Resources: <a href="https://www.propertymanagementmastermind.com/" rel="nofollow" target="_blank">Property Management Mastermind</a> <a href="https://www.facebook.com/groups/PMMastermindGroup/" rel="nofollow" target="_blank">Property Management Mastermind Group on Facebook</a> <a href="mailto:adisarro@sccombank.com">adisarro@sccombank.com</a> (619) 988-6708 (Allison DiSarro from Seacoast Commerce Bank) <a href="https://sccombank.com/" rel="nofollow" target="_blank">Seacoast Commerce Bank</a> <a href="http://imgadvisors.com/" rel="nofollow" target="_blank">Insurance Management Group</a> (918) 728 8992 (Derek Scott with Insurance Management Group) <a href="https://www.zinspector.com/" rel="nofollow" target="_blank">zInspector</a> <a href="https://www.filtereasy.com/" rel="nofollow" target="_blank">FilterEasy</a> <a href="https://www.propertymeld.com/" rel="nofollow" target="_blank">Property Meld</a> <a href="https://www.linkedin.com/in/tracy-streich-1a827b94/" rel="nofollow" target="_blank">Tracy Streich on LinkedIn</a> <a href="mailto:tracy@rentersplace.com">tracy@rentersplace.com</a> <a href="https://www.rentersplace.com/" rel="nofollow" target="_blank">RentersPlace</a> <a href="https://www.facebook.com/tracy.streich" rel="nofollow" target="_blank">Tracy Streich on Facebook</a> <a href="https://airbnb.com/" rel="nofollow" target="_blank">Airbnb</a> <a href="https://www.vrbo.com/" rel="nofollow" target="_blank">VRBO</a>

Tracy Streich on Syndications