Building Landlordology, Cozy.Co, and a Real Estate Empire with Lucas Hall | From Military to Millionaire Podcast
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.
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Advice to an 18-20-year old: You Are What You Eat/Consume
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Recommended resource(s): Chad Carson (real estate start school)
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Resources:
Website - com | cozy.co
Facebook - com/landlordology
Twitter - com/Landlordology
LinkedIn - com/in/lucashall
Real Estate Start School by Chad Carson - coachcarson.com
Follow our journey!
Blog - link
YouTube - link
Facebook - link
Instagram - link
Real Estate Investing Course: link
Recommended books and tools: link
Become an investor: link
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SUBSCRIBE: link
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Website: link
Instagram: link
Facebook: link
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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