Cover art for podcast The Military Millionaire Podcast

The Military Millionaire Podcast

194 EpisodesProduced by David PereWebsite

Our goal is to teach service members, and the working class how to build wealth, and invest in real estate so that you can achieve financial freedom and live the life you've always dreamed of!

53:30

Building Landlordology, Cozy.Co, and a Real Estate Empire with Lucas Hall

Episode: 112

Lucas Hall

Join David Pere and Alexander Felice, with Lucas Hall, as they talk about Landlordology and how a side hustle blog evolved into one of the best sites when it comes to real estate educational tools and resources.

 

Lucas is a successful entrepreneur, product manager, and a skilled leader with the heart of a teacher. From purchasing a townhouse to impress a girl, to becoming an expert in real estate investing and technology; he has definitely come a long way! He founded and built a landlord education business, Landlordology.com, which was acquired by Cozy in 2014 and by CoStar Group (Nasdaq: CSGP) in November 2018. At present, Landlordology still receives nearly half a million visitors a month.

 

In this episode, Lucas will share some tips on tenant screening, short term rentals for vacation home properties, and a lot more. Stay tuned!

 

About Lucas Hall:

 

I’m an experienced landlord, real estate investor, national speaker, husband, father, and puppy-daddy. Oh, and the founder of Landlordology and head of industry relations at Cozy

 

I was 24 years old when I bought my first rental property to impress a girl. That’s right, a girl.

 

She purchased her first property at the age of 23, so I did the next logical thing. I bought a six-bedroom townhouse in her neighborhood and house hacked it, bringing my own costs to near zero. My cunning plan worked because we married three years later! The moral of the story is that if diamonds are a girl’s best friend, then real estate is a close second!

 

Now, I have dozens of tenants, properties in three states, and a profitable portfolio. I counsel thousands of property managers every year, teaching them how to successfully manage their rentals, build wealth, and keep their tenants happy.

 

I spend only a few hours a month self-managing my properties with Cozy, which saves me $34,000 a year in property management fees.

 

 

Outline of the Episode:

  • [01:54] House-hacking a six-bedroom townhouse to impress a girl.
  • [05:20] The real estate market in DC. What does an average house cost?
  • [06:44] The start of Landlordology and how it became part of cozy.co
  • [12:51] From using rules of thumb to becoming a specialist in real estate technology.
  • [15:52] The amazing things you can do if you just try!
  • [16:21] Why you should give equal consideration to your equity and cashflow?
  • [19:19] Acquiring a vacation home property in a desirable location, then opening it to short term rentals
  • [23:50] What you need to know about tenant screening. Always verify!
  • [28:50] What to do if you've bought a bad property?
  • [35:10] Investing in an area you're not familiar with
  • [36:05] Brief overview of Cozy and its transition to Apartments.com
  • [44:25] Cancellation of conferences due to the pandemic
  • [46:05] Whatever you consume is what you're going to be.

-

Advice to an 18-20-year old: You Are What You Eat/Consume

-

Recommended resource(s): Chad Carson (real estate start school)

-

Resources:

 

Follow our journey!

 

Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

-

SUBSCRIBE: https://bit.ly/2Q3EvfE

-

Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

-

My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.

Educational emoji reaction

Educational

Interesting emoji reaction

Interesting

Funny emoji reaction

Funny

Agree emoji reaction

Agree

Love emoji reaction

Love

Wow emoji reaction

Wow

Listen to The Military Millionaire Podcast

RadioPublic

A free podcast app for iPhone and Android

  • User-created playlists and collections
  • Download episodes while on WiFi to listen without using mobile data
  • Stream podcast episodes without waiting for a download
  • Queue episodes to create a personal continuous playlist
RadioPublic on iOS and Android
Or by RSS
RSS feed
http://militarymillionaire.podbean.com/feed.xml

Connect with listeners

Podcasters use the RadioPublic listener relationship platform to build lasting connections with fans

Yes, let's begin connecting
Browser window

Find new listeners

  • A dedicated website for your podcast
  • Web embed players designed to convert visitors to listeners in the RadioPublic apps for iPhone and Android
Clicking mouse cursor

Understand your audience

  • Capture listener activity with affinity scores
  • Measure your promotional campaigns and integrate with Google and Facebook analytics
Graph of increasing value

Engage your fanbase

  • Deliver timely Calls To Action, including email acquistion for your mailing list
  • Share exactly the right moment in an episode via text, email, and social media
Icon of cellphone with money

Make money

  • Tip and transfer funds directly to podcastsers
  • Earn money for qualified plays in the RadioPublic apps with Paid Listens