Video Chapters:
00:00:02 - Introduction
Welcome to the Facebook Live event and introduction to Mary and her background in real estate investing.
00:00:50 - Mary's Investment Strategy
Mary shares her approach, focusing on a quadplex in Oklahoma City.
00:01:33 - Journey into Real Estate
Mary talks about her inspiration from "Rich Dad Poor Dad" and her early steps.
00:02:05 - Building a Network
How Mary built her support network through meetups and accountability groups.
00:03:07 - Why Oklahoma City?
Mary explains her research and decision to invest in Oklahoma City.
00:04:35 - Why a Quadplex?
Discussion on the benefits of investing in a quadplex versus other property types.
00:05:06 - Financial Details
Details on financing the property and loan types.
00:06:12 - Purchase and Negotiation
Mary shares the numbers and negotiation details of her first property.
00:07:47 - Analyzing Properties
How Mary used BiggerPockets' rental calculator for property analysis.
00:08:47 - Midterm Rentals Strategy
Mary explains her choice of midterm rentals for better returns.
00:09:43 - Tenant Screening
Mary discusses her thorough tenant screening process.
00:10:48 - Furnishing Remotely
How Mary furnished her property remotely from San Diego.
00:12:16 - Systems for Property Management
Mary outlines the systems she implemented for managing her property.
00:14:13 - Bookkeeping and Maintenance
Insights into Mary's bookkeeping setup and managing maintenance issues.
00:15:15 - Garbage Disposal Challenges
Mary shares a learning experience about managing garbage disposal.
00:16:16 - Lawn Care and Seasonal Maintenance
How Mary handles lawn care and seasonal tasks.
00:18:03 - Pest Control Plans
The importance of pest control and inspections.
00:19:21 - Keyless Entry Setup
Mary's use of keyless entry and security systems.
00:20:29 - Applications and Tools
Overview of apps and tools Mary uses for property management.
00:21:55 - Midterm Rental Leases
Details about lease agreements for medium-term tenants.
00:25:17 - Managing Booking Extensions
How Mary handles overlapping bookings and extensions.
00:27:43 - Cleaning Process
The critical role of reliable cleaners in her operation.
00:28:44 - Reflections and Lessons Learned
Mary reflects on her journey, lessons learned, and areas for improvement.
00:31:33 - Tools and Communication Tips
Recommendations for tools like Google Voice for better tenant communication.
00:33:58 - Books and Podcasts
Mary shares book and podcast recommendations for aspiring investors.
00:37:17 - Mary’s Day Job and Future Plans
Insights into Mary’s work as a hard money lender and her future real estate goals.
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