Jay Bowman

Those people telling you to buy a piece of real estate solely for the tax benefit that comes from a cost segregation study and accelerated depreciation are not your friends. In fact, you should run as fast and far from them as possible.

My mother was an elementary school teacher. Every year kids would bring in treats of all types and give them to her. At the end of the day when she got home most went in the trash. “Why?” I asked. “I don’t eat things people give me if I’ve never seen how clean their kitchen is.” People who would argue against this philosophy have never owned rental property.

Sometimes people ask me how many houses I own. I’ve started telling them, “I don’t own houses. I DO, however, have a bunch of needy girlfriends who won’t shut up and are in constant need of plastic surgery.” They usually stop asking me questions after that.

Barrel Proof Stays

“OMG… I’m already home and I need your help…!” As an Airbnb manager I’m just over here rescuing husbands one day at a time.

Tell me you’re selling an STR without saying it’s an STR

A grandfather, father and friend was murdered yesterday going to check on a vacant house where an alarm had gone off in Louisville’s west end. Just because there are good people there trying to live their lives doesn’t negate the infection of evil that wanders that area’s streets. It’s seems crazy this has to be said again but if you own or manage a house in an unsafe area you NEVER go to collect rent in person or visit a house alone or unarmed.

Derby Week 4 check-ins are done with 11 more occurring today. In the last 4 days my team has deep cleaned 15 houses, prepped 65 beds, stocked 35 bathrooms and repaired/replaced countless previously unidentified missing/broken items. We’ve emptied, cleaned, and refilled 9 hot tubs, checked all 11 grills and fire pits while stocking additional propane tanks. 80+ TVs come on when the power button is pressed. I’ve burned through 3 Round-Up refills. Towels, soaps, pots and pans are fully stocked. Matching hangers throughout every closet. No dust bunnies in hiding. No light bulb dark. Every unit is fully prepped to put our best foot forward for the guests who paid a premium to witness a 2-minute race a little over 48 hours from now. All to hear from their Julip-stained breath: “I’m so glad we grossly overpaid to stay here.” The Relentless Pursuit Of Perfection

I’d like to say whatever success I’ve had in life is because I’m brilliant. Of course that’s not true. I simply found something I could tolerate doing for a long time and eventually the market lifted up the business. Occasionally I found a nugget of gold hiding under a rock. I didn’t specifically target those rocks. Most people told me what rocks they found their nuggets under and I thought I’d look there too. I knew that if I turned over enough rocks I’d eventually find one. In life success seems to come down to becoming good at something, avoid making dumb mistakes and staying in the game long enough to find yourself being at the right place at the right time.

I’ve never written a line of code in my life. I’ve happily left that up to people who worked much harder than me in school. I wouldnt even know where to begin without online tools. Panda and python were foreign words to me. Simply out of curiosity I wrote a script yestrday to identify owners within 15 mins of the coast in Pinellas County, FL who have had a Lis Pendens (foreclosure) filed against them and fall within the county jurisdiction and not a small city’s. And by “wrote” I mean I cut and pasted w AIs guidance. I pushed AI by acting like I was an 85yr old looking at a computer for the first time. I tried to break it by asking the dumbest questions. No anger or frustration from it. Just education and positive reinforcement and encouragement the entire time. I was like a child playing grown up in his dad’s hat and coat while sitting behind the wheel of his Ferrari. Unbelievably powerful.

This is Steve. Steve owns and operates 101 SFRs in small town America. He manages them all from his cell phone and pick up truck. Steve is clearly the problem when it comes to a lack of affordable housing in America. It’s most definitely not the NIMBYs and fiefdoms that cities have created within themselves to maintain power over developers who (gasp) want to build nice properties to make a profit. It’s Steve. Steve is the problem.

When you wake up and find multiple overnight winter bookings.

Hey @grok Tell me all of the cities in the continental US that are 6000 ft above sea level, within an hour drive of a commercial passenger airport, have a population of 12,000+ and have a median income that exceeds $65,000/yr.

Carry a message to Garcia…

“How did you get into real estate investing, Jay?” I was in Springfield, MO in 2000 and had gotten fired from my editing job at a local TV station. I’d been interested in getting my RE license bc “I was a people person” and “could make a lot of money.” 🫣 12 months into my RE agent career I remember seeing a small house for sale and thought, “If I could buy that and rent it out I’d make… (does math in head)… $150 a month.” I may or may not have been guessing. Didnt matter bc the seed had been planted. My mind raced. I’d only need 100 of those to make $150k! Fast forward 6 years and the seed had grown into a withered sapling: un-nurtured and stagnant. Hating my job in mortgage lending and not wanting to return to being a RE agent I found my way into my local REIA in Louisville. With a little bit of education and whole lot of fear I bought my first house in 2006 in a terrible area of town w a tenant in it for $11k. “This is awesome! They’re gonna give me $300 in cash flow every month!” 3 months later they moved out without notice into the house next door. 🙄 Sold that dog for $20k in 2018. Hard lessons learned in between that I wouldn’t give away at any price.