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Garret Wong에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Garret Wong 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Squid Game is back—and this time, the knives are out. In the thrilling Season 3 premiere, Player 456 is spiraling and a brutal round of hide-and-seek forces players to kill or be killed. Hosts Phil Yu and Kiera Please break down Gi-hun’s descent into vengeance, Guard 011’s daring betrayal of the Game, and the shocking moment players are forced to choose between murdering their friends… or dying. Then, Carlos Juico and Gavin Ruta from the Jumpers Jump podcast join us to unpack their wild theories for the season. Plus, Phil and Kiera face off in a high-stakes round of “Hot Sweet Potato.” SPOILER ALERT! Make sure you watch Squid Game Season 3 Episode 1 before listening on. Play one last time. IG - @SquidGameNetflix X (f.k.a. Twitter) - @SquidGame Check out more from Phil Yu @angryasianman , Kiera Please @kieraplease and the Jumpers Jump podcast Listen to more from Netflix Podcasts . Squid Game: The Official Podcast is produced by Netflix and The Mash-Up Americans.…
Garret Wong에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Garret Wong 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Welcome to MyFirstKeys, the ultimate resource for anyone looking to confidently purchase and manage rental properties—whether you’re just starting out or adding doors to an existing portfolio. Hosted by Garret Wong, a full time real estate investor and seasoned property manager with nearly 30 years of experience, My First Keys dives deep into the realities of real estate ownership. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment and quickly grew a personal portfolio of 43 buildings and 75 doors (while working full time!). He then founded a property management company that has overseen over 1 billion dollars in assets, with industry-leading success rates in rent collections (98.6%) and legal proceedings (98.5%). Each episode delivers practical, real-world advice on acquiring a property or scaling a portfolio, plus tenant screening, maintenance, legal know-how, and more—so you can acquire, operate, and scale your investments with confidence. Tune in to learn from Garret’s unique blend of analytical thinking and field-tested experience, and discover how to take charge of your journey to real estate wealth. Join our Community Here! https://info.upperedgepm.com/myfirstkeys
Garret Wong에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Garret Wong 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Welcome to MyFirstKeys, the ultimate resource for anyone looking to confidently purchase and manage rental properties—whether you’re just starting out or adding doors to an existing portfolio. Hosted by Garret Wong, a full time real estate investor and seasoned property manager with nearly 30 years of experience, My First Keys dives deep into the realities of real estate ownership. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment and quickly grew a personal portfolio of 43 buildings and 75 doors (while working full time!). He then founded a property management company that has overseen over 1 billion dollars in assets, with industry-leading success rates in rent collections (98.6%) and legal proceedings (98.5%). Each episode delivers practical, real-world advice on acquiring a property or scaling a portfolio, plus tenant screening, maintenance, legal know-how, and more—so you can acquire, operate, and scale your investments with confidence. Tune in to learn from Garret’s unique blend of analytical thinking and field-tested experience, and discover how to take charge of your journey to real estate wealth. Join our Community Here! https://info.upperedgepm.com/myfirstkeys
In this solo episode, Garret Wong breaks down one of the most debated choices in real estate investing: fixer-uppers vs. turnkey rentals. Drawing from his personal experience managing 75 doors and flipping dozens of properties, Garret reveals how “move-in ready” homes might cost you more and destroy your returns. Timestamps: [00:00:00] Introduction: Garret introduces the episode and shares a personal story about purchasing a supposedly “ready-to-rent” property that turned into a financial mess. [00:01:20] Topic 1: The Case for Fixer-Uppers Benefits like built-in equity, sweat equity, less competition, and full oversight on renovations are explained. Garret explains why fixer-uppers often win — if you know what you’re doing. [00:06:12] Topic 2: The Real Cost of Turnkey Properties Garret breaks down the hidden risks of turnkey properties, from unpermitted renovations to inflated pricing and weak long-term ROI. [00:10:55] Topic 3: How to Vet a “Turnkey” Deal Like a Pro Actionable due diligence tips: what to inspect, what to question, and how to protect your money from sloppy flips disguised as move-in ready homes. [00:13:22] Topic 4: Fixer-Uppers as a Wealth-Building System Garret dives into branding, credibility, tax benefits, and scaling your renovation model for long-term portfolio growth. [00:18:05] Key Takeaways: Fixer-uppers require more work but offer control, equity, and scalability. Turnkeys offer speed but can be traps if due diligence is weak. Know your goals and match your strategy accordingly. We love giving back! Check out our weekly webinar series HERE , where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our weekly webinar series HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "Are Rental Properties Profitable? Don't Be Fooled!" Summary: If you're not running the numbers before you buy, you're not investing — you're gambling. In this episode, Garret breaks down exactly how to analyze a potential rental property before booking a showing. You'll learn what costs to include, which metrics matter most, and how to avoid falling for “napkin math” that can sabotage your cash flow. Timestamps: [00:00:00] Introduction: Why running the numbers before a showing is the golden rule for smart investing — and how skipping this step turns you into a gambler. [00:03:00] Topic 1: Real Numbers vs. Napkin Math. Garret exposes the dangers of back-of-the-envelope math and walks through a real-world example of how a $200 “profit” can turn into a $50 loss. Learn what really needs to go into your monthly expense calculation. [00:08:00] Topic 2: The Step-by-Step Breakdown of a Cashflow Analysis. From conservative rent comps to vacancy reserves and maintenance buffers — Garret gives you the full playbook for running accurate numbers. He also explains how interest rate assumptions can make or break your deal. [00:15:30] Topic 3: Key Investment Metrics to Know. Understand how to calculate and interpret your cash-on-cash return and cap rate — even if you’re just buying single-family homes. These tools help you compare deals and make smarter long-term decisions. [00:21:30] Key Takeaways: A recap of the essential steps and warnings: budget like a business owner, not a hobbyist. $200/month is not a cushion — it’s a trap if you're not prepared for surprises. The numbers either work, or they don’t. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our weekly webinar series HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "Vacancy Rates Explained: How They Shape Rent Prices & Maximize Profit" Summary: Vacancy rates are more than just market stats—they’re the heartbeat of your rental strategy. In this episode, Garret Wong breaks down how vacancy rates impact rent pricing, tenant turnover, and your bottom line. Whether you're a new landlord or a seasoned investor, this is the episode you didn't know you needed. Timestamps: [00:00:00] Introduction: A high-level overview of what vacancy rates are and why they matter for rental pricing and profitability. [00:02:00] Understanding Vacancy Rates: Definition, formula, and real-world examples that highlight how vacancy rates reflect market demand. [00:04:00] How Vacancy Rates Affect Rent Prices: Supply and demand, pricing strategy, seasonal shifts, and tips for setting rent based on vacancy data. [00:06:30] Professional Advice & Screening Strategy: Garret shares his proven method for setting rent slightly below market value to attract better long-term tenants and avoid costly turnover. [00:08:30] Key Takeaways: A summary on using vacancy rates to your advantage, the myth of higher rent attracting better tenants, and the importance of rigorous screening. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our weekly webinar series HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "Set Up Smart MLS Searches and Find Hidden Deals Before Anyone Else" Summary: Are you still checking MLS listings manually and missing out on prime investment opportunities? In this episode, Garret Wong shares why setting up a smart MLS search with your realtor can give you a massive edge in the market. Learn how to define your search criteria, leverage advanced filters, and act fast when opportunity knocks. Timestamps: [00:00:00] Setting up smart MLS searches: public listings alone won’t cut it. [00:02:00] Why Smart MLS Searches Matter: Garret explains how he used to miss deals by manually searching listings and tells the story of a late-night MLS alert that led to a game-changing property acquisition. [00:04:00] MLS Advantages and Access: A breakdown of what makes MLS such a powerful tool, what public users miss, and why full access through a realtor is essential. [00:06:30] Search Strategies and Collaboration: Tips on collaborating with your realtor: setting flexible yet focused search parameters, using keywords like “motivated seller” or “TLC,” and regularly adjusting your search based on results. [00:08:30] Key Takeaways: Summary of how to structure your MLS search, the importance of realtor representation, and the need to be prepared financially so you can move fast when a deal hits. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our weekly webinar series HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "Why Your Rentals Need a CEO, Not Sentiment" Summary: Lets break down why emotional decision-making can sabotage your real estate investments. From over-renovating to letting tenants bend the rules, Garret offers practical advice for treating your rental properties like the businesses they are. Learn how to stay objective, protect your cash flow, and keep your long-term investment goals on track. Timestamps: [00:00:00] Setting the stage: Discussing the dangers of emotional attachment in real estate investing. [00:02:00] The Emotional Attachment Trap: How inherited homes or personal properties can cloud investor judgment and how to shift your mindset to treat them as income-generating assets. [00:04:00] Operating Your Rental Like a Business: Garret outlines how your rental property mirrors a business structure: inventory, revenue, expenses, and profit—and what happens when landlords let emotions interfere. [00:06:30] Emotional Intelligence vs. Emotional Decisions: Learn to set boundaries, enforce policies, and maintain empathy without being taken advantage of. Plus, the importance of recognizing your emotional triggers. [00:08:00] Key Takeaways: Garret wraps up with a summary on why emotional detachment, operational systems, and a business mindset are key to profitable real estate investing.. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our weekly webinar series HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "House Hacking 101: Live for Less and Build Wealth Fast" Summary: Garret Wong dives into one of the most overlooked but crucial aspects of real estate investing, choosing the right neighborhood. He shares personal stories, practical tools, and a detailed framework to help you avoid the costly mistake of buying in the wrong area. Whether you’re a first-time investor or seasoned landlord, this episode will help you level up your property picking strategy. Timestamps: [00:00:00] Why picking the right neighborhood can make or break your investment—and how most investors get it wrong. [00:01:30] The Selkirk Avenue Nightmare: Garret shares the story of his first investment in a rough neighborhood and the harsh lessons that came with it. [00:03:00] The 8-Step Neighborhood Checklist: From understanding A–D class areas to checking crime rates, schools, and talking to local experts—Garret breaks down a clear checklist to evaluate any area like a pro. [00:05:30] Key Takeaways: A neighborhood isn’t just a backdrop—it defines your tenant pool, your ROI, and your stress level. Buy smart, not cheap. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our weekly webinar series HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "House Hacking 101: Live for Less and Build Wealth Fast" Summary: In this episode, Garret Wong breaks down one of the most accessible strategies in real estate: house hacking. Whether you're a first-time investor or just looking to cut your living costs, house hacking can fast-track your wealth-building journey. Tune in to learn how to live rent-free, build equity, and scale your portfolio, all from your primary residence. Timestamps: [00:00:00] Why house hacking is a game changer: For new investors it can cut your living costs dramatically. [00:01:30] What is House Hacking?: Defining house hacking, who it’s ideal for, and how it compares to traditional real estate strategies. [00:03:00] Financial Structures and Creative Strategies: A deep dive into CMHC-insured mortgages, low down payments, and how to creatively structure deals using suites, garage units, student housing, and more. [00:05:30] Interview with Guest (Solo Case Study):Garret shares the story of a young investor who scaled their portfolio through a smart house hack and how you can too. [00:07:00] Key Takeaways: Actionable steps to start your own house hack: zoning checks, financing, finding the right property, and joining a local real estate investor community. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our weekly webinar series HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "2-Bedroom vs 3-Bedroom Rentals: Which Is the Better Investment?" Summary: In this episode, Garret Wong breaks down the key differences between two-bedroom and three-bedroom rental homes. From purchase price and cash flow to tenant retention and resale value, he shares strategic insights to help real estate investors make smarter portfolio decisions. Timestamps: [00:00:00] Introduction: Overview of what listeners will learn—how the number of bedrooms can significantly impact your rental property’s performance. [00:01:30] Topic 1: Price, Affordability & ROI: Two-bedroom homes often require less upfront capital and can offer better scalability, but how do they compare when it comes to rental income and return on investment? [00:03:00] Topic 2: Tenant Demographics & Resale Value: Explores which tenant profiles are more common in 2-bed vs 3-bed homes, how turnover impacts profitability, and why 3-bed homes may have broader market appeal. [00:04:00] Market Nuances & Local Trends: A look at how different markets—urban vs suburban—might influence which type of property performs better. Plus, how short-term rentals fit into the equation. [00:05:00] Key Takeaways: A recap of the pros and cons for each property type and how to align your choice with your long-term investing strategy. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our weekly webinar series HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "Where to Learn About Real Estate Investing: Smart Sources for Success" Summary: In today's episode we the most effective places to learn about real estate investing, whether you're brand new or looking to grow your portfolio. From real-world mentors to vetted online resources, you'll learn what’s worth your time (and money) and what to avoid. Timestamps: [00:00:00] Introduction: Why knowledge is the key to real estate success and the dangers of learning from the wrong sources. [00:01:30] Trusted Local Experts: How your real estate dream team—realtor and property manager—can provide market-specific guidance. [00:03:30] Online Communities & Meetups: Using Facebook groups, forums, and real estate clubs with caution to gather local insights. [00:05:45] Books, Podcasts & Courses: Recommended reading, educational content, and how to spot a trustworthy mentor. [00:7:00] Key Takeaways: Combine local experience, regulatory knowledge, and smart content to build your real estate education. Learn just enough to take action, then iterate from experience. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our weekly webinar series HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "The Do’s and Don’ts That Make or Break Your Joint Venture Partnerships" Summary: Whether you're new to the game or looking to scale your portfolio, joint ventures can be the rocket fuel you need or the iceberg that sinks your ship. Garret shares lessons from his first real estate deal and outlines key principles to structure a successful partnership that protects your investment and your relationships. Timestamps: [00:00:00] Introduction - Garret kicks off the episode with a cautionary tale about his first failed JV and outlines why structure and clarity are critical to partnership success. [00:02:00] Find the Right Partner - Learn how to identify JV partners who complement your skills, whether it's capital, experience, or connections, and how to ensure alignment in values and expectations. [00:04:00] Define Roles and Get it in Writing - Garret emphasizes the importance of decision-making clarity, formal agreements like a Unanimous Shareholders Agreement (USA), and having a clear rulebook from the start. [00:05:30] Protect Yourself, Even with Friends & Family - Discover strategies to avoid emotional and financial fallout with loved ones through structure, legal contracts, separate finances, and worst-case scenario planning. [00:07:30] Key Takeaways - We wrap up with pros and cons of incorporating your JV, legal and tax implications, and a bonus tip on building your real estate dream team for lasting success. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our weekly webinar series HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "Should You Own Rental Property in Your Personal Name or a Corporation" Summary: In this episode, we tackle one of the most crucial and commonly misunderstood questions for real estate investors: should you own your rental property in your personal name or under a corporation? I break down the pros, cons, tax implications, and liability risks of each structure, helping you avoid costly mistakes and set your investing journey up for long-term success. Timestamps: [00:00:00] Introduction: Quick overview of the episode and why property ownership structure matters more than you might think. [00:02:00] Personal Name vs Corporation – What's the Difference? An explanation of how ownership works in Canada and the US, with a breakdown of tax treatment, liability, and structure. [00:04:30] Key Questions to Ask Before Choosing a Structure - From business activity to long-term goals, I walk through critical questions that help determine if incorporation is right for you. [00:06:30] Real-Life Lessons & Risks of Skipping Structure - A story of an investor who skipped legal advice and paid the price, plus common pitfalls and tips on getting professional guidance. [00:09:00] Key Takeaways - A summary of the biggest lessons — including tax risks, legal protection, scaling advantages, and the importance of planning your exit. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our weekly webinar series HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "How to Communicate Like A Pro" Summary: We're going to dive into the crucial topic of communication for landlords. Learn how to set boundaries, look professional, and protect your time and sanity while managing rental properties. Whether you're just starting out or scaling up, these tips will help you run your rental like a real business. Timestamps: [00:00:00] Introduction: Why communication is key to landlord success and how poor boundaries can cost you. [00:02:00] Business Phone Setup – Tips for separating personal and business calls, using virtual numbers, and setting voicemail-only hours. [00:04:30] Professional Addresses and Branding – How to avoid using your home address and brand your communication like a real company. [00:06:00] Best Practices Recap: Setting tenant expectations, using property management software, and documenting everything in writing. [00:08:00] Key Takeaways: Communication is your first line of defense. Treat your rental like a business to protect your peace of mind and legal standing. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our online Community HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "How to Choose the Right Property Manager" Summary: Choosing the right property manager can make or break your real estate investment experience. In this episode, we break down the essential qualities to look for, red flags to avoid, and key questions to ask before signing a management agreement. Whether you're a first-time investor or a seasoned landlord, this episode will help you make an informed decision. Timestamps: [00:00:00] Introduction – why selecting the right property manager is crucial. [00:05:00] Understanding the Role of a Property Manager – Responsibilities and expectations of a good property manager. [00:08:30] Key Qualities to Look For – The must-have traits of a reliable and professional property manager. [00:012:30] Red Flags to Watch Out For – Common mistakes landlords make when choosing a property manager and how to avoid them. [00:016:30] Key Takeaways & Final Thoughts – A summary of the most important points covered in the episode. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our weekly webinar series HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "Building Your Real Estate Dream Team" Summary: Real estate investing isn’t just about finding the perfect property—it’s about building the perfect team. In this episode, I break down the essential members of a real estate dream team and share lessons from my first-ever deal, where a lack of planning nearly cost me big time. Learn how the right accountant, lawyer, realtor, and property manager can make or break your investments. Timestamps: [00:00:00] Introduction – Why building a real estate dream team is more important than finding the perfect property. [00:02:00] My First Deal Gone Wrong – How my early mistakes in real estate taught me the value of having a team in place. [00:04:30] The Accountant: Your Financial Foundation – How the right accountant helps with tax strategies, deductions, and structuring your investments. [00:06:45] The Lawyer: Your Legal Lifeline – The importance of having a real estate-focused lawyer to protect your assets and ensure smooth transactions. [00:08:30] The Realtor: Your Market Intelligence Agent – How an investor-friendly realtor can find the best deals and help you build long-term wealth. [00:10:00] The Property Manager: Your Operations Backbone – Why you need a property manager on your team—even if you plan to self-manage. [00:11:00] Key Takeaways & Final Thoughts – A summary of what makes a strong real estate team and how it helps you scale faster and avoid costly mistakes. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our weekly webinar series HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "Furnished vs. Unfurnished Rentals, What is the Best Choice for Landlords?" Summary: One key decision landlords face is whether to offer a furnished or unfurnished rental. While a furnished unit can bring in higher rent, it also comes with increased costs and turnover. In this episode, we break down the pros and cons of each option, share real-world examples, and help you decide which approach makes the most financial sense for your investment strategy. Timestamps: [00:00:00] Introduction: Should you furnish your rental property or leave it unfurnished? [00:04:30] The Investor Mindset: Why so many landlords consider furnishing their rental and the common mistakes they make. [00:07:30] The Pros and Cons of Furnished Rentals: Higher rent potential, short-term tenant appeal, but also more turnover and maintenance. [00:10:00] The Pros and Cons of Unfurnished Rentals: More stable income, lower maintenance, but potentially lower rent. [00:12:00] Key Takeaways: How to analyze your market, crunch the numbers, and decide which rental strategy is best for your situation. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our online Community HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "Proactive Property Maintenance: Saving Money and Keeping Tenants Happy?" Summary: In today's episode of Landlord Pal , we dive into the critical topic of property maintenance and repairs. From avoiding costly disasters to ensuring tenant satisfaction, discover actionable tips and strategies every landlord needs to manage routine and emergency maintenance effectively. Learn how staying proactive can save you thousands and preserve your investment for the long term. Timestamps: [00:00:00] Introduction: Why proactive maintenance is a game-changer for landlords [00:03:00] The Cost of Neglect: How a simple leaking toilet can snowball into a $7,200 expense [00:15:30] Building a Reliable Contractor Network: Tips for finding and retaining trustworthy contractors. [00:25:45] Tools for Organization: Leveraging technology and documentation to streamline repairs and maintenance. [00:45:00] Key Takeaways: The benefits of proactive maintenance and staying organized. About Garret Wong Garret Wong is the founder of the Landlord Pal podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: The Rent It Yourself Community Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our online Community HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "What are my Legal Responsibilities as a Landlord?" Summary: Not understanding your legal obligations as a landlord can have serious financial and reputational consequences. In this episode, we explore the essential legal requirements for landlords, from providing habitable housing to navigating rent regulations and tenant rights. Tune in to learn how to stay compliant, protect your investment, and avoid costly legal mistakes. Timestamps: [00:00:00] Introduction: Why knowing your legal obligations as a landlord is crucial. [00:03:00] Key Case Study: A heartbreaking story of illegal rent increases and their devastating impact. [00:15:30] Basic Obligations: Ensuring habitable living conditions, understanding building codes, and tenant laws. [00:25:45] Financial Compliance: Handling security deposits and avoiding illegal practices. [00:45:00] Key Takeaways: Proactive maintenance pays off with better tenant relationships, fewer emergencies, and long-term savings. About Garret Wong Garret Wong is the founder of the Landlord Pal podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: The Rent It Yourself Community Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our online Community HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "Tenant's Rent Overdue? How I handle late rent payments" Summary: Late rent payments can be more than just a hassle—they can jeopardize your rental income and peace of mind. Today we discuss strategies for landlords to handle late payments effectively, from recognizing warning signs to enforcing firm yet fair policies. Tune in to learn about setting up preventative measures, communicating effectively with tenants, and keeping your rental business on track. Timestamps: [00:00:00] Introduction: The impact of late rent payments on landlords’ cash flow and operations. [00:03:00] Recognizing Red Flags: Stories and warning signs of unreliable tenants, including late security deposits and chronic excuses. [00:15:30] Setting Expectations: Importance of lease agreements with clear policies on late payments, including rules and penalties. [00:25:45] Effective Communication: Discussing the "firm but fair" approach—why empathy with boundaries is key in property management. [00:45:00] Key Takeaways: Summary of preventative measures, including payment options, addressing repeat offenders, and the moral duty to manage rent arrears early. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
We love giving back! Check out our online Community HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio! Podcast Episode Title: "How to Avoid Nightmare Tenants: A Guide to Effective Screening" Summary: In this episode, we dive into the crucial steps of tenant screening, explaining why it's a non-negotiable part of property management. Learn how to protect your investment, avoid rental nightmares, and choose tenants who will respect your property and pay on time. Get practical tips and a checklist to streamline your process and keep your rentals stress-free. Timestamps: [00:00:00] Introduction: Overview of why tenant screening is essential to a successful rental business. [00:03:00] Importance of Screening: The risks of skipping tenant screening and common mistakes landlords make. [00:15:30] Pre-Screening Essentials: Key questions to ask prospective tenants about their move, timeline, and living situation. [00:25:45] The Screening Process: How to use applications, credit checks, and references effectively. [00:45:00] Key Takeaways: Importance of consistency in screening to avoid legal issues and ensure fair treatment. About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
Podcast Episode Title: "How I Built a 75 Door Rental Portfolio While Working Full-Time | My Journey to Becoming LandlordPal" Summary: In this episode, Garret Wong, host of the Landlord Pal podcast, shares his journey from a scientist studying viruses to a seasoned property management expert with nearly 30 years in the industry. He introduces his vision for the podcast—a valuable resource where landlords and property managers can find answers to their most pressing questions. Expect practical tips, real-life stories, and proven strategies to navigate the challenges of property management. Timestamps: [00:00:00] Introduction: Garret Wong introduces The Landlord Pal podcast as a practical guide for landlords and property managers. [00:03:00] Garret's Journey: From molecular biology to property management [00:15:30] Challenges and Triumphs: Handling C-class properties, tenant issues, and property repairs [00:25:45] Systems for Success: How Garret’s scientific background helped him develop SOPs for every landlord situation [00:45:00] Key Takeaways: Highlights on how to approach property management with a strategic, prepared mindset About Garret Wong Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio. Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system. Connect with Garret: My First Keys Personal Website Wong Capital Facebook LinkedIn Instagram Get Involved: Subscribe to My First Keys and follow us on social media for the latest updates. Contact: For feedback or questions, reach us at https://garretwong.com/contact/…
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