The Wealth Clock with Steven
Real stories and lessons from active real estate investing.
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9 Numbers From My Own Podcast That I Still Think About
I've now sat down with close to 50 real estate investors, lenders, and operators on this show. A handful of numbers have stuck with me long after the mic turned off.
9 Numbers From My Own Podcast That I Still Think About
I've now sat down with close to 50 real estate investors, lenders, and operators on this show. A handful of numbers have stuck with me long after the mic turned off.
The Real ROI of Real Estate Networking
What started as a casual 3 minute conversation off to the side of the room ended up completely changing the way I thought about part of the business. Not a keynote. Not a panel. Not a breakout session. Just a conversation.
The Real ROI of Real Estate Networking
What started as a casual 3 minute conversation off to the side of the room ended up completely changing the way I thought about part of the business. Not a keynote. Not a panel. Not a breakout session. Just a conversation.
The "Catch-22" of Raising Private Money (And How to Break It)
Most people hear the phrase Catch 22 and think it just means a problem with no solution. That is not really what it means—and once you understand it, you start seeing it everywhere in real estate.
The "Catch-22" of Raising Private Money (And How to Break It)
Most people hear the phrase Catch 22 and think it just means a problem with no solution. That is not really what it means—and once you understand it, you start seeing it everywhere in real estate.
The Hedge Fund Housing Ban Sounds Big. The Math Says Otherwise
Everyone is cheering the Senate's 89 to 10 vote to block large institutional investors from buying single family homes. But before celebrating, it is worth looking at the actual math.
The Hedge Fund Housing Ban Sounds Big. The Math Says Otherwise
Everyone is cheering the Senate's 89 to 10 vote to block large institutional investors from buying single family homes. But before celebrating, it is worth looking at the actual math.
The Broker Myth That Quietly Costs Investors Real Money
Many investors believe that hiring the right broker guarantees certainty of execution. It does not. Credit closes deals—brokers help frame the story, but if the numbers do not work, no reputation will save the transaction.
The Broker Myth That Quietly Costs Investors Real Money
Many investors believe that hiring the right broker guarantees certainty of execution. It does not. Credit closes deals—brokers help frame the story, but if the numbers do not work, no reputation will save the transaction.
The $100K Lesson Most Operators Talk About But Rarely Live By
There is a lot of talk in real estate about putting investors first. A lot of people say it. A lot fewer people actually do it when it costs them real money.
The $100K Lesson Most Operators Talk About But Rarely Live By
There is a lot of talk in real estate about putting investors first. A lot of people say it. A lot fewer people actually do it when it costs them real money.
The Lie Real Estate Operators Tell Themselves About "Working Hard"
There is a point in most real estate careers where you are working nonstop and somehow still not moving forward. You are busy, stressed, needed everywhere, and that feels important. But busy is not the same as growing.
The Lie Real Estate Operators Tell Themselves About "Working Hard"
There is a point in most real estate careers where you are working nonstop and somehow still not moving forward. You are busy, stressed, needed everywhere, and that feels important. But busy is not the same as growing.
The Day a Trash Bag Solved the Mystery
You cannot make this stuff up. A tenant called to complain that someone was leaving garbage bags in the hallway. Instead of threats and fines, I chose the least dramatic option possible.
The Day a Trash Bag Solved the Mystery
You cannot make this stuff up. A tenant called to complain that someone was leaving garbage bags in the hallway. Instead of threats and fines, I chose the least dramatic option possible.
Why Some of My Best Tenants Always Paid Late
Most landlords panic over late rent. Some of my easiest tenants paid late every single month. Not occasionally. Not when something went wrong. Every single month.
Why Some of My Best Tenants Always Paid Late
Most landlords panic over late rent. Some of my easiest tenants paid late every single month. Not occasionally. Not when something went wrong. Every single month.
A Few Investing Observations I Cannot Unsee
The longer I stay involved with money and investing, the less surprised I am by markets and the more fascinated I am by people. Prices move. Cycles repeat. But behavior barely changes.
A Few Investing Observations I Cannot Unsee
The longer I stay involved with money and investing, the less surprised I am by markets and the more fascinated I am by people. Prices move. Cycles repeat. But behavior barely changes.
The Best Employees You'll Ever Hire
Scaling is the dream of every business owner. But scaling always comes with a trade off. The best employees you will ever hire are your dollars.
The Best Employees You'll Ever Hire
Scaling is the dream of every business owner. But scaling always comes with a trade off. The best employees you will ever hire are your dollars.
The Tenant Who Was Always 'Leaving Soon'
When I bought one of my properties from a Polish immigrant in his seventies, he told me about a tenant who had been there for over 25 years. She was paying about $750 a month for an apartment that could rent for $1,900.
The Tenant Who Was Always 'Leaving Soon'
When I bought one of my properties from a Polish immigrant in his seventies, he told me about a tenant who had been there for over 25 years. She was paying about $750 a month for an apartment that could rent for $1,900.
Why I Lent My Tenant $25,000 and Raised His Rent
A while back, one of my tenants came to me with a personal ask. He was running a bodega out of a small retail space I owned. I had never done a deal like that before. But I believed in him.
Why I Lent My Tenant $25,000 and Raised His Rent
A while back, one of my tenants came to me with a personal ask. He was running a bodega out of a small retail space I owned. I had never done a deal like that before. But I believed in him.
Getting More From Your Buildings Without Asking More From Your Tenants
There's a lot of focus in our industry on rent growth and expense ratios. But I've been exploring smaller, lower-friction ways to improve cash flow without raising rents or cutting services.
Getting More From Your Buildings Without Asking More From Your Tenants
There's a lot of focus in our industry on rent growth and expense ratios. But I've been exploring smaller, lower-friction ways to improve cash flow without raising rents or cutting services.
Real Estate Is a Bad Investment Right Now? Here's My Take
Some people really believe that. I've been buying real estate for 25 years and I've heard it all. Rates are too high. Prices are inflated. The market is unpredictable. I get it. But I completely disagree.
Real Estate Is a Bad Investment Right Now? Here's My Take
Some people really believe that. I've been buying real estate for 25 years and I've heard it all. Rates are too high. Prices are inflated. The market is unpredictable. I get it. But I completely disagree.
When Tenants Offer to Paint, Repair, or Lay Carpet Themselves
Early on in my real estate career, I made a few mistakes that cost me time and money. One of the most common? Letting new tenants do the repairs.
When Tenants Offer to Paint, Repair, or Lay Carpet Themselves
Early on in my real estate career, I made a few mistakes that cost me time and money. One of the most common? Letting new tenants do the repairs.
I Stopped Taking Security Deposits. Here's What I'm Doing Instead and Why It's Working
In some of my Class C and B minus properties, I've started doing something different. Instead of collecting a traditional security deposit, I now charge a nonrefundable move-in rental fee.
I Stopped Taking Security Deposits. Here's What I'm Doing Instead and Why It's Working
In some of my Class C and B minus properties, I've started doing something different. Instead of collecting a traditional security deposit, I now charge a nonrefundable move-in rental fee.
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