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Understanding Master Leasing with David Tilney

SHOW SUMMARY:

In today's episode, Larry interviews David Tilney on Master Leasing.

Master Leasing is the most economical way to get into the real estate business today. It is also one of the most effective tools to use when protecting real estate assets.

They also discussed the right things one should do when leasing a property. In addition, David also shared some tips on how to properly manage a leasing property.

SHOW HIGHLIGHTS:

  • David's background
  • What master leasing is
  • The person he evicted
  • Maintaining and improving the housing grounds
  • Paying rent on time
  • Getting along with the neighbours
  • Long-term lease
  • How he does hassle-free property management
  • - Tenants screening
  • - Sharing expectations
  • - Having good systems and procedures
  • On creating rapport
  • Formula for renting properties
  • Generating income
  • Rent versus lease
  • Master leasing income
  • Doing master leases in a self-directed type retirement account

Quotes:

  • "Our properties are not our assets. Our assets are our tenants."
  • "Treat people the way you like to be treated."
  • "Every house needs a good steward."
  • "Own nothing. Control everything."
  • "Management is the key to real estate business."

RESOURCES AND LINKS FROM THIS SHOW: