Join us Wednesday March 16th at noon!
Sarasota REIA continues hosting “Real Estate Rock Stars” joining us this month: David Tilney. You’ll not be disappointed! David Tilney has been managing single-family houses in Colorado Springs for 40+ years. He’s provided long-term housing for hundreds of families during his impressive career as a landlord/property manager. Even in tough rental markets, his properties stay full.
David has invested in rentals, notes, foreclosures, tax sales, IRS liens and leasehold interests. David’s nationally recognized for his skill sets for managing single-family homes and enjoys being a landlord. He believes his tenants are his greatest assets.
Tilney has a unique philosophy of property management. He works hard to foster a ‘team’ approach among his tenants, vendors and owners and believes his tenants are his greatest assets (not his properties). Where many property managers use penalties to control tenants, David favors the carrot over the stick and tries hard to reward tenants when they help his bottom line. He believes that the secret to success is to screen for the ‘best qualified’ occupants using consistent criteria that comply with federal, state and local Fair Housing laws, and then to turn over day-to-day control of the property to the tenant. “Our tenants are the ‘on-site’ managers,” says Tilney. He tries hard to treat people the way they would like to be treated. This approach has worked well for David who believes that his properties, and his relationships with tenants, generally improve over time.
David has also developed a master leasing system (more commonly seen in the commercial market) for single family houses. Master leasing is the most economical way to get into the real estate business today. Utilizing master leasing you can create cash flow in any market, control property without ownership, limit your liability, and build equity with no money down
David and his wife, Mary, spend 8 months each year in Naples FL and their summers in Colorado Springs. His unique systems and procedures allow him to manage his rental portfolio from wherever he is. David is a life-long learner and has a passion for teaching. He shares his unique system in his Hassle-Free Property Management and Master Leasing seminar which he has presented for over 29 years.
NOTE VENUE CHANGE Sarasota REIA’s monthly lunch meetings – 3rd Wed @ 12noon at Carlisle Inn and Conference Center 3727 Bahia Vista St, Sarasota, FL 34232. Lunch is $25/pp (includes drink/tip). All attendees must pay as this includes our room charge. First timers are always welcome to attend and see what we’re all about. We allow a couple of visits, after that we ask you to join our group.
NEXT MONTH (April) OUR MONTHLY LUNCH MEETINGS MOVE BACK TO DER DUTCHMAN.
We also meet the 1st Thursday of the month @ 6pm – Hampton Inn (I-75 and Cattlemen Road) 995 Cattleridge Dr, Sarasota 34232. Our 1st Thursday is always FREE – welcome to all; .
Sarasota REIA is a non-profit, member-driven organization – – questions call/text ed taylor #941.315.8050
Kyle Elliott is a real estate attorney at Williams Parker Attorneys at Law. Kyle’s practice covers a wide variety of transactional matters in both residential and commercial real estate. He earned his J.D. Cum Laude from Duke University School of Law and his B.S. Cum Laude from the University of Florida. While at Duke, he served as a graduate assistant for Prof. Erika Buell, Contract Drafting: The Next Generation. He also participated in the North Carolina Guardian ad Litem Program, advocating on behalf of abused and neglected children. He currently serves on the board of directors for Habitat for Humanity Sarasota and will graduate from Leadership Manatee in May. Kyle is a fourth generation Floridian.
Adrian Smude has been investing in real estate for over 18 years. He became an accidental landlord in 2002. Adrian attempted to invest again, but his second home ended as a short sale. After 11 years of being a hobby landlord, he discovered his passion for real estate through REIA meetings. Adrian switched his investing niche to Mobile Homes with Land and has been following this path ever since. Adrian is a part of 3 masterminds, including a high level mastermind which he hosts. In addition, he helps facilitate his local REIA, and teaches about his success and failures.
In 1980, Mr. Khleif became the youngest Real Estate Broker in the state of Colorado at the age of 19. While Mr. Khleif has been a principle in over 300 real estate transactions in the years that followed, Al chose instead to pursue a Petroleum Engineering degree from the Colorado School of Mines. After a brief stint as a Petroleum Engineer for Shell Oil Company, Mr. Khleif moved into sales and marketing.
Lenny is a retired Florida public school science teacher and baseball coach. He received his BS degree and his Masters degree from the University of Tampa. His wife, Anne, is a registered nurse graduate of USF College of Nursing and Master’s degree from USF. They realized that, while they loved their work, the salary and pension programs would not provide financial freedom. Lenny took advantage of early retirement at age 50 and turned his attention to full time real estate entrepreneurship.
