Podcasts Business Flipping America Flipping America 284 Marc Cunningham

Flipping America 284 Marc Cunningham

Published: Sept. 9, 2019, 4 p.m.

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I\\u2019ve stated many times before that the key to wealth building in real estate is to develop passive income streams. Rental properties are not entirely passive as rentals and rentERS need managing. You can hire a management company but they you have to manage the management company. Sounds like a lot, but if you have an excellent management company it\\u2019s like having an excellent contractor - life is SO much easier. You need to know the basics of property management even if you are going to hire it out. And you need to know someone who really knows what they are doing. That brings us to our guest today, Marc Cunningham.\\xa0

Marc Cunningham grew up in the family property management company his father founded in 1978, Grace Property Management. Marc starting in the \\u201cweed pulling\\u201d division and moved on to mowing, painting, accounting and leasing. He joined the firm permanently in 1997 and currently serves in the role of President.\\xa0

Today, from a platform of managing over 900 rental properties with 20 team members, Grace Management helps people buy, sell, invest, flip, collect rent, evict, and have fun doing it! If you are more impressed with initials after a name - Marc is the President of Grace Property Management & Real Estate, holds a degree in Real Estate & Finance, has taught CE classes in over 20 states, has been featured in multiple national real estate publications, hold multiple designations, and was just named the 2018 national property manager of the year by Think Realty. Marc lives in Loveland, CO, where he lives his failed childhood sports dreams through his children.\\xa0

How to contact us

www.RogerBlankenship.com

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.\\xa0

Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don\\u2019t mind.\\xa0

Announcements:

  • Lunch with me every Wednesday. Baraonda
  • My latest article in Forbes is out. bit.ly/findredeals.
  • The FAN is here!
  • Would you like to invest in the Flipping America projects across the country? Coming soon you will be able to for as little as $100. That\\u2019s right, Flipping America is partnering with Ground Floor Funding to create a crowd-funded platform where you can invest in the deals we are doing here. The fund will pay out a 8% preferred rate of return and can go as high as 16%. You can make money with me, the Flipping America Guy.\\xa0
  • Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It\\u2019s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
  • Want a quick analytical tool to tell you how strong a potential fix and flip deal is? Download the Property Grade app. You answer 10 simple questions about the property and the app instantly tells you what you can expect to make, your return on investment, your return on cash, and then the program gives the project a letter grade using the proprietary Flipping America Investment Property Grade algorithm.\\xa0\\xa0

Guest: Mark Cunningham

Four Questions for prospective Property Managers

  1. How long have you been in the business?
  2. What is your eviction rate? (the lower the better)
  3. What is your lease renewal rate? (the higher the better)
  4. If I have a change of mind or if our relationship just isn\\u2019t working out, how easy is it for me to get out of our contract?

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https://www.rentgrace.com/owner-faq




News:

https://magazine.realtor/daily-news/2019/08/27/what-makes-a-good-single-family-rental

Your Questions: Send emails to questions@rogerblankenship.com

  • Alisa, Hammond, IN \\u201cThanks for all you are doing to promote integrity and values in the real estate investing space. I\\u2019ve seen so many so-called \\u201cinvestors\\u201d who are horrible people doing terrible things and taking advantage of the less-informed. I want to know how to avoid hiring another dishonest contractor.\\xa0
  • Kendra, Milwaukee, WI, \\u201cI live and work in the downtown area but I grew up in Sheboygan, which is just about an hour\\u2019s drive away. I want to flip properties up there, but how would you recommend I get started? I would only be able to go check on things once a week. Is it even doable?

Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!

Motivational Thoughts for the day

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  • \\u201cDon\\u2019t Let Yesterday Take Up Too Much Of Today.\\u201d \\u2013 Will Rogers

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