Nomad Class Schedule

The following is the Nomad Investor Club class schedule. Attending the live class via webinar is free (click on the link to RSVP), but watching previously recorded classes requires a Premium Nomad membership.

IMPORTANT: Class dates and times are subject to change without notice.

Tenant Buyer Sales and Marketing

This is a special class that peers inside the mind of tenant buyers. If you plan to use lease options with your Nomad model, this is a critical class for understanding strategies for finding tenant buyers, talking to tenant buyers on the phone and in person and understanding tenant buyer psychology. It is an advanced class, going beyond just normal tenant screening, focused on dealing with tenant buyers who are going to be renting your property with the intention of buying it from you.

The $5,000 Lease Demystified

Since 2000 my clients and other local real estate investors have asked me repeatedly to share my lease with them. It was a lease I personally purchased from an expensive real estate course and then modified to fit my personal business. As you could probably understand, I did not feel comfortable sharing it with others. In 2016, after being worn down by clients and other local investors, Brian, Tammy and I decided that we would take the lease and submit it to our attorney with a laundry list of changes we wanted to see, and then make it available to my local Nomad and investor clients for free. We do still insist that each person using it have it reviewed by their own attorney before using it themselves. Between the initial course purchase and the attorney fees to have the modifications made this is my $5,000 lease which I will go over with you in detail during this class.

IMPORTANT: Attending this class live or buying access to the video recording of this class does NOT include a copy of my $5,000 lease. I give away this lease to clients once they've bought or sold a home with me or clients that have bought or sold a home with a real estate agent in another market where I have been paid a referral fee for referring them to work with that real estate agent.

Property Management Mastery

Once you've placed a tenant in your property, you must remain diligent and manage the property. In this class we will walk you through the process to prepare your property for a tenant moving in. We will also cover the best practices for move-in and move-out with the tenant or tenant buyer. Plus, we cover what happens the first week and first month after the tenant moves in. We discuss how frequently and what to do during property inspections while the tenant is living there. Then, we cover what happens the last 90 days of a tenant's lease including preparing to rent the property to another tenant, damage deposits and much more.

The Lease Option - The Lease Part II

In a previous class we've gone over my $5,000 lease, but what if you're wanting to do a lease option? This class covers the additional paperwork we use for lease options. You should have gone through the lease class and ideally one or more classes on the lease option strategy as a prerequisite for this class.

IMPORTANT: Attending this class live or buying access to the video recording of this class does NOT include a copy of my $5,000 lease or the option paperwork. I give away this lease and option paperwork to clients once they've bought or sold a home with me or clients that have bought or sold a home with a real estate agent in another market where I have been paid a referral fee for referring them to work with that real estate agent.

Solving Tenant Challenges

Despite our best laid plans and best efforts, not every renter will be the perfect tenant we hope and screen for. Challenges with rental properties happen. This class covers checklists and processes for dealing with tenant challenges like late rent, evictions, lease term violations and much more.

Fixer Upper Nomad Overview

The Nomad model, in its most basic form, has you buying pretty houses that you move into, live there for a year then convert to rental property. We are often doing this with minimal money out of pocket. People in the past have asked about finding fixer upper properties to move into, fix up and then convert to rentals and I had, for quite a while, suggested that putting in the extra money and time to fix up a property wasn’t the best strategy for Nomads since you’re often not able to get that money back out quickly. However, there are some exceptions where finding fixer uppers works amazingly well with Nomad. In this class I cover what fixer upper Nomad is, some special tips for financing fixer upper Nomad properties, and when I recommend using this strategy.

Cash Flow Explosion

Cash flow is probably the most important of the four areas of return from rental properties. And while sometimes we intentionally choose to accept less cash flow in exchange for a lower down payment (essentially paying our down payment over time from cash flow), we would all be wise to focus on maximizing cash flow whenever possible. With that in mind, may I introduce to you... CASH FLOW EXPLOSION!... a systematic, step-by-step approach to looking at each factor that impacts cash flow on your rental properties and all the different ways to improve it.

Bookkeeping and Accounting for Nomads

Leave your abacus at home for this special class on keeping track of your books for your rental properties. In this class we will be covering some of the best practices for keeping track of your income and expenses while doing the Nomad model. We will cover our recommendations for keeping your property files organized, up to date, and ready to send to your accountant (or for you to use yourself). This will prepare you for year-end tax prep and will position you to get the maximum tax benefits of owning rental properties as a Nomad.

Return on Investment and Return on Equity

In most classes and discussions about Nomad we focus on talking about what is the return on our initial–often very small–investment. In this class we go over what return on investment is, how it typically works over time and how it works when buying multiple properties as a Nomad, but we don’t stop there. We go on to talk about another important metric for Nomads: return on equity. What happens to your equity over time as you own multiple Nomad investment properties and what could (and probably should) you do about this phenomenon?

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