On this episode of the Heartland Multifamily show, I give three actionable instructions on how you can be a passive investor. I explain the different points on the spectrum between being completely passive by investing in shares of REITs and being completely active by buying an existing multifamily property, renovating it, and eventually selling it. And I explain the benefits and risks of each. I tell you what you need to know before investing your time and energy into a rental property.

Is rent control good or bad? As a property owner, I loudly say, it’s bad! It’s bad because the government shouldn’t say that I, the property owner, have to lower my price. The price is determined by the market. If the guy across the street from me charges more and people pay it, why shouldn’t I charge more? And by the same token, if I can’t get renters, I have to lower my rent. In this episode, I do a deep dive into why the market should determine the price, not the government, and why any attempt to manipulate the market by the government is doomed to fail.

In this episode of the Heartland Multifamily Show, we’re talking politics. Although this is not a political show by nature, it’s impossible to ignore the effects that politics have on taxes, interest rates, zoning laws, and other things that can affect your investment. But for whatever difference that may make, the bottom line is that whoever occupies the White House can’t affect you that much. If you voted for Trump thinking he could save you, meaning he’d do all the work and send you a check, you’re sorely mistaken. In this episode, I explain why even if you agree with Trump’s policies, you still have to put in the same work and take the same risks no matter who is in the White House.