Build Wealth Fast With Student Housing with Ryan Chaw

The Real Estate Investing Club

Join an active community of RE investors here: https://linktr.ee/gabepetersen  0:00 Intro to Student Housing Investing 2:11 Why Renting by the Room Creates Massive Cash Flow 4:24 The Costly Mistakes Ryan Made on His First Deal 6:22 How to Pick the Best College Markets 8:58 Why Student Housing Demand Keeps Growing 12:10 Finding the Sweet Spot for High Cash Flow Properties 14:13 Using Hospitals and Travel Nurses for Rental Demand 16:19 Scaling a Real Estate Portfolio the Smart Way 18:28 Patience, Deal Flow, and Avoiding Bad Investments 24:56 Biggest Mistakes to Avoid With Co-Living Rentals 27:02 How AI Is Changing Real Estate Investing  🏡 STUDENT HOUSING INVESTING SECRETS REVEALED! In this episode of the Real Estate Investing Club podcast, I sit down with Ryan Chaw to break down one of the most powerful cash flow strategies in real estate investing today: student housing and rent-by-the-room investing. If you’ve been searching for ways to create passive income, scale your rental portfolio, achieve financial freedom, and increase cash flow without buying massive apartment complexes, this episode is packed with actionable strategies you can start using right away. 💰🔥  Ryan shares how he transformed a demanding career in pharmacy into a thriving real estate business by purchasing single-family homes and converting them into high-performing co-living and student rental properties. We dive deep into how renting by the bedroom can dramatically increase rental income compared to traditional long-term rentals, especially in high-demand college towns and healthcare markets. If you’ve ever wondered how investors generate $7,000+ monthly income from a duplex or why co-living is becoming one of the hottest trends in real estate investing, this conversation explains it all. 📈🏠  #RealEstateInvesting #StudentHousing #PassiveIncome #FinancialFreedom #RentalProperties  Want to learn more about our guest? Connect here: www.newbierealestateinvesting.com/guide  Want to learn more about the REI Club Podcast, how to invest with Gabe at Kaizen, or join our community of active real estate investors on Skool? Visit the podcast website at https://www.therealestateinvestingclub.com or click here: https://linktr.ee/gabepetersen

Transcript

00:04all right we are back with another episode of the real estate investing club i hope you guys are

00:10having a great day great week wherever you are and whatever day it is for you as always it is

00:16friday on the podcast so we're bringing that good friday energy to you and uh for all you guys

00:21watching on youtube or any of those video platforms you'll see that my camera kind of

00:26sucks right now that's because our last one in the last uh recording for some reason my nice camera

00:31decided to quit on me so i do apologize about that but like with everything we roll with the

00:36punches when they come um so with that i'm going to introduce our guest we got ryan shaw with us

00:42on

00:42the show from newbie real estate investing down in california he does uh short-term rentals mid-term

00:48rentals um kind of in the student housing student housing realm in uh with co-living i'm sure there's

00:54a lot that goes into this i'm going to butcher it there um but i'm really excited to jump into

00:58this

00:58for all you guys who are interested in the co-living model this is the episode to jump into so

01:03ryan

01:04thanks for having on the show thanks for inviting me on the show gabe absolutely um i told you before

01:10we got on here we always like to start with stories we'd like to hear how people got to where

01:14they are

01:15so why don't you take us back to the beginning of your story in real estate and tell us how

01:19you got

01:19here yeah i was actually inspired to get into real estate from my grandpa who bought a couple

01:25properties in the san francisco bay area back in the 50s and as we all know those prices skyrocketed

01:31rents went up and he was able to not only retire early for himself but able to cover part of

01:38my

01:38college tuition and that of my brothers as well and help out um and so i realized that real estate

01:43investing was one of the best ways to create generational wealth i wanted to get started as soon as

01:48possible so i graduated in 15 2015 with my pharmacy degree and then i just started working as many

01:55hours as i could usually like 14 to 16 hour days even um and working two jobs as well to

02:02save up as

02:03much capital as i could to buy as much real estate as possible uh so i basically started buying one

02:09property a year and i uh rented it out uh in a very unique way by instead of renting out

02:15the whole house i

02:16rented out by the bedroom and what this does for you is it typically doubles or triples your rental

02:23income that you could get on the house i even have one house where i quadrupled the amount of rental

02:28income

02:28i get so we rent out each room for let's say 700 a month and you get the house to

02:35six bedrooms i usually

02:37add extra bedrooms and so that would be like 4200 a month in rental income dang yeah that is um

02:44we were

02:45talking about this before we got on the show on uh before we went live here i feel like that

02:49is a

02:49unique strategy to the high um the high purchase price markets like especially in california this

02:58specific strategy works really really well and i hear about people who are getting you know your

03:03your regular single family is going to go for like three thousand a month and they're getting like

03:08ten thousand or some crazy crazy number because you're able to rent out so many more rooms in the

03:13house yeah exactly yeah really unique but there are also there's also a lot of uh nuances that go

03:20into this type of strategy so tell us about let's let's take first let's go back to the first deal

03:26you

03:26did um tell us about that how did it go and what kind of was the light bulb moment for

03:31you yeah so the

03:32first deal was um a very old 100 year old house i bought in stockton california for 262 000 it

03:41was a

03:41three bed two bathroom house and i had so many issues with it so i i made quite a few

03:46mistakes

03:46when i got started uh the first one was i i got this call from a tenant at 11 p

03:52.m at night and he

03:53was like wow dude there's like sewage that's pouring out of the kitchen sink it's all over the floor

03:59you're flooring and it's backing out into the showers into the bathrooms as well um and so i hurried

04:05up and called a bunch of plumbers and finally had someone to go out he found that the line was

04:10broken

04:10in half by the tree roots uh by my my tree and so i had to replace the whole sewage

04:17line it's cast iron

04:18pipe that had to be replaced which was nine thousand dollars and so you know i made that mistake and

04:24then

04:25i got another call during the summertime because california is like 105 degrees during the summer

04:30sometimes um they had their items like literally melting in in their bedroom so i i realized that

04:37the first house because it was super old it had no ac system so i had to put in a

04:41mini split system

04:42which cost me fifteen thousand dollars and on and on i lost over thirty thousand dollars on that first

04:47house but the flip side of the story is that i held on to it and i think that was

04:52the key because

04:53i held on to it for like seven years and it went from 262 000 to 437 500 for from

05:00when i actually sold

05:01that property um and so i made way more than the thirty thousand dollars that i lost and so that's

05:07when i realized like real estate is the best way to park your money uh to actually build your wealth

05:12over

05:13time yeah yeah you never want to buy in you know buy wrong um but if you do 10 if

05:20you if you have

05:20overpaid for a deal um time will generally solve that problem if you can hold on to the deal for

05:27long enough not that you will want to i mean i don't feel like uh you know the um what

05:32is it uh

05:32uh yeah my my brain's fried right now but if you if you're in a bad deal you should probably

05:38cut your

05:38losses but if you do hold on to that eventually time when appreciation are going to make that deal

05:43work which is one of the reasons why real estate is so awesome because uh it does it does usually

05:48go up

05:49over time yeah exactly so let's dive a couple layers deep into your specific strategy rent by

05:57the room as as we already mentioned this works really well in those in those markets where they're

06:02you know high density markets where the um the rental the average rental rate is really high new york

06:07city san francisco any of those really densely populated areas where you're renting a single bedroom

06:12for like three thousand four thousand dollars a month um so what is what are you looking for

06:19when you are buying these properties what are the the kind of key things that you see and you're like

06:24this is a deal yeah usually i actually start with targeting the top colleges so like let's say you're

06:31trying to do this for yourself i would go to the u.s news top colleges report for whatever state

06:36you're

06:37investing in for you know california texas whatever and i will look through the colleges and choose

06:43ones that have an enrollment of at least three thousand students or more and a tuition of fifteen

06:50thousand or more uh just so that i have a sizable market with the ability to pay because i i

06:56usually do

06:57this with college towns uh students because there's always high demand for it let's say a student

07:02um has to live at the dormitory they get a cramped dormitory room and pay 1200 1300 plus they have

07:09to

07:09pay for a meal plan and a parking permit versus they live off campus they have their own private room

07:16um they can live with their college friends at the house and they pay only 700 a month it makes

07:22way more

07:23sense for people and plus they save a ton of money and having to pay for like student loans um

07:28so that's

07:28why i really target these top colleges um and sometimes i'm also nearby uh top hospitals as

07:35well that's the other market that i invest in so like health care workers uh medical interns uh

07:41medical residents and fellows will typically stay there for one to three years um so they tend to be

07:46a very good target market for me as well so i i try to invest as close by as possible

07:52usually within a

07:53five minute drive distance a lot of times within a walking distance to the college campus or to the

07:58hospital um yeah that makes a lot of sense yeah and i also target houses that have a lot of

08:04square

08:05footage at least 1500 square foot or more so i can get it to five or six bedrooms i have

08:11something

08:11called the rule of 300 where you divide the total square footage by 300 and that's how many bedrooms

08:17the house will most likely be able to have so if it's like 1800 square foot i can divide that

08:23by 300 is

08:24six that means i can get six bedrooms at the house which is pretty ideal i aim to get houses

08:29to six

08:30bedrooms and two bathrooms interesting that is that uh 300 yeah that's that's definitely a college type of

08:39uh of configuration there it's funny we actually had somebody on the show recently who does this in

08:44new york um and i guess there's a whole industry uh that has grown around this type of strategy because

08:51there there's people out there that make um like fake walls that you can turn a living room into like

08:57two bedrooms yeah it's really interesting how you know the when there's a need if there's if there's

09:03a need for this type of product um it will be solved people will be out there providing that need

09:07for

09:07you yeah you know i visited my uh friend's house in san francisco and um i saw like

09:14four like just mats on the floor and it was in the living room and that's where they sleep

09:20and they had these like curtains in between it had to have just been a bunch of dudes right there

09:24was one single girl there oh no actually it was girls uh believe it or not yeah yeah it was

09:29girls

09:29yeah yeah um so yeah i mean people try to save money wherever they can and you know it makes

09:36a lot

09:37of sense to rent a room especially you know if you're younger you're trying to save up for that down

09:41payment it makes sense to rent a room for like 700 800 a month um and uh save you know

09:47save up as much

09:48cash as you can um if you don't mind you know living with other people yeah for sure um and

09:54it's

09:54really interesting that you had the you're the criteria you look for on the university side is

10:01the tuition you're looking at what they're paying for tuition if it's less than 15 000 you're not

10:06interested um go like a little bit deeper into that why 15 000 what how did you arrive at that

10:12number yeah so if they have the ability to pay 15 000 a month in tuition they typically have the

10:18ability to pay another you mean 7 000 or 8 000 in rent oh sorry go ahead you meant 15

10:24000 in a year

10:25that's an annual payment that you're looking for yeah intuition yeah oh yeah yeah either uh yeah yeah

10:31annual exactly um because if they're able to pay that amount of tuition they're most likely going

10:37to be able to pay rent as well and a lot these students have multiple ways uh to pay rent

10:42they

10:43could have like let's say financial aid they might have gotten approved for a scholarship that pays for

10:48room and board i actually had a student who was approved for a scholarship and if they didn't use it

10:54they would lose it so they um ended up it was during covid right they ended up not actually moving

11:00into the rental at all the whole year and they paid the entire years of rent which was like eight

11:06thousand nine thousand dollars um and it was all from the scholarship money because again they said hey

11:11if we don't use it we're gonna lose it anyway so might as well use it um so i had

11:17somebody an empty

11:18bedroom for the whole year where i was getting like you know 700 a month uh which was great um

11:23and

11:24these students are also backed by their parents a lot of times so i will have the parent

11:28co-sign on the lease and so you know there is that second person i can count on to pay

11:33the rent

11:34if something happened yeah yeah makes a lot of sense um and you're also it looks like you're looking

11:40at the population of not the city but the population of the school um so you're looking at

11:46three thousand a minimum of three thousand for the school do you care if enrollment is going up or

11:51down or is it just i do yeah i usually like to see an uptrending enrollment as well because

11:57if you have more uh students at the house every single year then you also need to have more supply

12:03and if the supply is about the same year after year then that just means more people but you know

12:09a stagnant supply meaning more housing demand for student rentals interesting um this i feel like this

12:15is a a ripe situation for ai to you know say hey uh look at the top 20 universities in

12:23you know this

12:24state and then tell me which one are in a growing population like a city population as well as a

12:30growing enrollment um and then you can kind of you know cross analyze that data and figure out the the

12:35prime deals oh yeah ai is great for that for sure i do that all the time ai and underwriting

12:41these

12:41days yeah yeah exactly i look for you know um top cities with a top college um where the houses

12:49are

12:50kind of newer because i learned from my older house that you know older houses have more problems

12:55um for a median home price of usually two hundred thousand to up to three hundred and fifty thousand

13:01dollars um and that's kind of like a sweet spot in order to make really good cash flow typically a

13:07house

13:07will cash flow like two thousand twenty five hundred dollars a month oh wow yeah that's uh that was

13:12going to be my next question is um what how do you define your your rate your rental rate um

13:20well how do

13:21you define your rental rate by the room uh in comparison to the market is it a percentage of the

13:25market rate

13:26uh for a whatever one bed or studio apartment or how do you come up with that number you know

13:31that's a

13:32really good question um i typically like to look at the apartments nearby um and kind of give a discount

13:40from that so if there's like apartments nearby let's say they're at 100 occupancy and a lot of them will

13:46say like we have a one-year waiting list to get into our apartments just because of how popular student

13:52housing is in that area um typically i will undercut them a little bit uh and i will also call

14:00up

14:00students directly and ask them what's your budget because you know you can set whatever price you

14:06want but if it's not within the student's budget they they will say no to that so i i call

14:11up quite

14:11a few students to kind of give a get a really good range of what people are paying for in

14:15the area

14:18interesting um and i'm assuming the same well i guess it wouldn't be the same uh what you mentioned

14:23universities is one part of your strategy you also look at hospitals um for nursing you know

14:29traveling nurses that kind of thing what kind what do you look for when it comes to the hospital

14:34itself are you looking for a growing city population i'm sure is there any anything different than you

14:38that you would look for in that situation versus the universities yeah i specifically look for hospitals

14:44that are 400 beds or more typically a hospital with 400 beds is a larger type hospital and will employ

14:52a lot of medical workers including uh people like you know like travel nurses who come in

14:58during the surge times usually surge seasons are like like winter time for example when everyone's

15:03getting the flu um so yeah i do look for larger size hospitals um and i might do some research

15:09in

15:10the area too uh to see if this is like a really popular area for travel nurses there's a site

15:15called

15:16furnished finder and you know you can definitely get a lot of good data from from there to determine if

15:22um you know travel nurses are high in demand in that area interesting sometimes i'll post an ad on

15:28craigslist and then see how much demand i get yes the test ad uh for some reason we don't talk

15:34about

15:34that but i do that for every single property i buy is i'll put nice that out there no word

15:39so well yeah

15:40yeah what kind of traction you get and for everybody who doesn't know what that is basically if you're

15:44buying you know we buy mobile home parks rv parks self-storage facilities so we put a test ad out

15:49there in craigslist it's free sometimes free sometimes not um but you put it out there and

15:53basically what you would do to rent a unit and if you get a lot of traction for that that

15:58means

15:58there's demand really easy stupid simple uh thing to do to gauge demand for your product

16:03but it's a really good step that you can take for uh due diligence um so i would highly recommend

16:09you guys do that yourself um in terms of the future for you you guys you've been doing this for

16:15a

16:15while uh i'm sure you're looking at scaling what are the next two to three years look for you what

16:20are your main goals there yeah so i've been like really focused on building out my team um so i

16:28have

16:28a team of i would say five small team of five right now um i have 90 tenants so um

16:35you know really

16:36focused on getting the systems down for like customer service and marketing um and i'm looking to acquire

16:43like one or two properties a year still um so i have uh 14 properties essentially um right now

16:50and uh yeah just continuing to expand my portfolio eventually i want to hit like 100 properties

16:57uh but no rush to hit it uh just at some point in my lifetime it would that's kind of

17:01like the end

17:02goal um because i really do enjoy providing student housing and saving these got these students a ton of

17:09money um for later on in life they could you know that money compounds right if they invested that

17:15money instead you know they put themselves in a much different financial position so i truly believe

17:20that um this method it's doing good for a lot of people plus it's helping provide more housing supply

17:27for other people right if you have six people living at one house versus six people living in six

17:32different houses well now you have five empty houses um first you know while my house um houses

17:38all sits yeah i like uh i like that you said you're you said just trying to do two per

17:44year but i like that

17:46you you put it in a way that you're not rushed it's just it's something that you're doing um

17:51consistently over time you're not trying to take down 100 units uh in one year um you're just looking

17:58at the long term and that is a very i feel like healthy way to approach investing especially

18:02if you do want to maintain your w-2 if you don't want to jump ship and and go all

18:07in on real estate

18:07um you know actions accumulate over time and if you're buying one you know two units a or two

18:15two properties a year that will over five ten years you're going to be financially free that's going to

18:20happen um so i love that you did that because a lot or that is something that you're focused on

18:25because a lot of times people want you know they want it all right now but right those consistent

18:29actions over time is really what matters yeah and you have to be patient because it depends on what

18:34the market gives you right sometimes the market doesn't give you a good deal so you just have to

18:38wait a bit yeah um if you try to force the market that's when you run into trouble because you

18:43try to

18:43make deals work that ultimately don't make financial sense the cash flow doesn't work um so you just want

18:49to be patient and a good deal will pop up yeah yes and i will actually i'm going to put

18:56a note on

18:57that um so i i very stringent criteria when it comes to the acquisitions that i do and i haven't

19:03closed on

19:04a deal um i think it was six or eight months it's been since i closed on my last deal

19:09and i i really

19:10just there's so many deals that i wanted to pull the trigger on just because i hadn't closed in so

19:14long

19:15um but i didn't i held out and uh we just got under contract on actually two deals that are

19:20slam

19:20dunks and i'm very glad that i did not pull the trigger on those other deals um because who would

19:26have known if those uh would have been you know slam dunks they might not have been and so it

19:30is so

19:31hard when time you know a lot of time has passed and you're just itching to pull the trigger you're

19:35itching to get something done um and you're you're to the point where you're willing to uh kind of fudge

19:41on your return criteria on what you're looking for in the deal don't do that just keep keep

19:46pounding the pavement keep looking for deals wait for those those gems because those are the ones that

19:51are actually going to move the needle for you that won't cause you stress that will uh you know five

19:56years down the road you're going to be thankful that you bought them yeah exactly yeah real estate

20:01investing you have to um slow and steady wins the race right 100 yeah oh and i did the math

20:07by the

20:08way you said 90 tenants 14 um 14 uh units apartments whatever it is so that means you have 6

20:14.5 units

20:15per property that you own and these are i'm assuming these are single families so um or yeah yeah most

20:22of

20:22them are single families i have some duplexes as well for sure i my biggest uh duplex has uh 10

20:29students

20:29in it although actually sorry 12 12 students in it and it's making 7 370 or something like this

20:38for a month yeah that's crazy six yeah six and a half units per uh per property is uh that's

20:46density

20:46right there i like it for sure all right man well yeah we just uh crossed the mark so it's

20:51time to

20:51jump into the quick question round are you ready sounds good okay cool starts with education could be

20:57any form could be a book you've read movie you've seen conference you've gone to anything like that

21:01i just need two recommendations one for general life wisdom and then one for real estate yeah for real

21:07estate um either the millionaire real estate investor by gary keller or uh rich that poor dad of

21:13course by robert kiyosaki um i would say for building systems and building a business uh traction

21:19is also a really good one um and if you like philosophy i like meditations by marcus aurelius

21:27that's my favorite book ever that's a really good call out yeah especially if you get into stoicism

21:32and all of that yeah it's a good yeah yeah that's a good one all right next question is for

21:38your

21:38younger self let's go back to the ryan who is just getting started just buying that first unit way back

21:43in the day go back to him look him in the eye give him one piece of advice moving forward

21:48yeah i would say really pay attention to the home inspection report um and do your due diligence

21:56because you know if you catch these things while you're in escrow on the house you can negotiate

22:03with the seller and have them cover most or all of the costs um depending on how you know willing

22:09the seller is to work with you but most sellers are willing to cover at least half i find at

22:14least

22:14throughout my journey if they really want to sell the property so the more you find the better so

22:19if you do like four or five inspections on a house and you pay a hundred dollars per inspection

22:24it's totally worth it i've had houses where i ordered a plumbing inspection the sewage line you

22:29know electrician to go in there etc and every time i do that i don't regret it because even if

22:35i

22:35don't find something at least i have reassurance that hey it's in good condition um sellers might not

22:41like that but i recommend doing it well on that note i would actually say i mean if there is

22:46anything

22:47that has a substantial that has an impact on the the value of the property call it out and ask

22:52for a

22:52discount um i used to have fomo and and i would think that like oh if i call this out

22:56he's gonna

22:57want to back out yada yada yada uh i mean you're past that point if you you lose nothing by

23:02calling

23:03it out and asking for a discount except for if they accept it or um the only thing you have

23:08is a

23:08benefit and so call them out if you know if there's a rotted trust or whatever just call it out

23:14say that

23:15you need a discount for this and more than likely they'll be uh they'll be willing to you know give

23:20you that discount yeah and anything you can argue as like a health and safety issue uh generally they

23:26should be putting money towards both agents will tell you that they should be doing it like for

23:30example if the hvac is not working um well that's a safety issue for the person living at the house

23:35if

23:35you know goes to 100 degrees during the summer right so um yeah you can definitely make that

23:41argument yeah all right next question is about the u.s it's a big place there is a lot of

23:48opportunity

23:48out there give me the single metro you're most excited about investing in today i think sacramento

23:54is really good i constantly get messages on my phone from travel nurses and my place is full

24:00and it's like i'm i'm still getting messages um well that's the thing about uh the platform i use

24:06it's an annual plan so um you know i i just get so much demand so i know sacramento has

24:13like i think

24:14it's got like six or seven hospitals in the area uh so if you're really interested in getting into like

24:21a high cash flow vehicle um and you're in california sacramento is probably one of the places to go

24:28nice yeah i think you're the first person to call sacramento on um yeah no it really is i think

24:33i think a lot of people don't know about it yeah yeah let's keep it that way it'll be all

24:40yours for

24:40investing for sure all right uh next question is about lessons learned uh not every deal we get into

24:47goes the way we expect it in fact pretty much every time something's gonna go wrong and that's when you

24:52get to learn a lesson so what was a deal that went a little bit sideways for you and then

24:56what was

24:57the lesson you pulled from it oh i mean well there was definitely that first deal um one time i

25:04bought

25:04a property that was too far out from the university and it was a seven-bedroom house i got this

25:12group

25:12of construction workers that took it um but they had 14 people and they put all 14 people in the

25:18house

25:18without getting my permission so i got in trouble with the city because there were so many cars parked

25:24on the in the neighborhood so everyone's like is there a party at this house every night or something

25:29what's going on here uh so i got fined and you know i basically had to make the tenants go

25:36leave

25:36because of that um and so you know just really be careful about like really define what your target

25:43market is and understand what they're looking for in fact you can literally ask your target market what

25:49are they looking for how close do you want to be by the school what's your budget um what's the

25:54highest amount you would pay um you know what what amenities do you like to see at the house that

25:59type

25:59of stuff yeah yeah that's really smart um all right next question on the other side of that you know

26:05sometimes things do go wrong but other times it seems like everything goes right and those are the

26:11deals that stand out in our mind as our favorite so what is your highlight real deal yeah the one

26:17we just

26:17talked about actually the duplex where i have 12 people uh signed leases uh and that one's making

26:24seven thousand three hundred and seventy dollars a month in rental income so the cash flow is nearly

26:29i think actually above four yeah it's above four thousand dollars a month for that one not bad i love

26:34yeah that's a duplex i bought um it was three hundred and sixty seven thousand dollars oh wow that's crazy

26:41that's yeah it's like more than a one percent rule yeah yeah way more

26:47all right uh that leads us to the second to last question this is a new question we've been

26:52asking um it's about ai ai is here to stay and uh um so i'm asking the most responsible way

26:59or the

26:59most impactful way that you have been implementing ai in your business yeah i think it's really good for

27:07research and customer service so obviously being in the service based a service-based industry uh you

27:15uh have to take care of people humans and so there will be obviously normal human conflicts and

27:22issues that come up like let's say for this model might be like dirty dishes in the sink right so

27:28ai i

27:29found is really good at coming up with solutions and um responses to issues that come up right um so

27:37for

27:37uh one of the ideas i'm not sure if it was my idea or ai but one of the ideas

27:42for like let's say

27:43dirty dishes and all that is what we do is we have town hall meetings uh where there will be

27:48like this

27:49house mom or house dad that leads the meeting and it's like to go through first off have the tenants

27:55meet each other but second off to go through who's gonna do what chore how are we gonna divide up

28:00trash

28:00days etc um and doing that really has eliminated a ton of issues at the house so yeah use ai

28:07to really do

28:09your research um come up with solutions uh come up with good responses for your tenants yeah and i will

28:16say um one thing that i've been doing recently uh that i hadn't been doing before is i use claude

28:21as

28:21my main uh my main tool and so i make a uh i make a project or a folder in

28:27claude for every in every

28:29property that i'm buying and every property that i own um so it can i can upload documents about that

28:35property and it can have a context and basically like a chat history for that specific property and

28:41man once you do that it gets very very um strategic about its responses things that i generally you know

28:49it just i for some reason did not think about it and because it had all this context about this

28:54deal

28:54it comes up with great solutions to problems that we run into so um yeah i noticed that too it

29:00says like

29:00since you mentioned that you had this why don't you try that right yeah and it's super creative with

29:07that yeah yeah it's really cool all right that leads us to the very last question this is for the

29:13listeners you've given us a lot to think about i'm sure people want to reach out get in contact with

29:18you is a two-parter where can they find you and then what can they expect when they reach out

29:22yeah so i do have a free pdf guide on how to build your own student rental and how i

29:28used it to

29:29basically retire from my full-time pharmacist job and that's at www.newberealestateinvesting.com

29:36slash guide again www.newberealestateinvesting.com slash guide and newbie is spelled n-e-w-e-i-e if you

29:46get the free pdf you'll also get my weekly newsletter that goes through all the struggles that i went through

29:53as a beginner real estate investor and how i overcame them perfect i'll put that link in the

29:59show notes so if y'all want to reach out all you got to do is click a little more

30:02in the description

30:03it'll pull down that full description and in there you can find ryan's links all right thank you game

30:08all right man that wraps it up thank you very much for hopping on the show of course thank you

30:15absolutely for everybody who's with us today thank you guys for showing up you are the reason we do this

30:19so if you guys have any questions reach out to me gabe the real estate investing club.com

30:23if you guys want to support the show just leave us a review comment anything like that

30:27other than that i hope you guys have a great week keep rocking real estate and i look forward

30:32to seeing you on the next episode

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