John Mays' October 2024 President's Message

KREIA President John Mays previews our Oct. 24th main meeting, "Real Estate Law," which features attorneys Michelle Rawn and John Benz updating us on what landlords need to know, including info on Louisville's new Lead-Based Paint ordinance. REGISTER NOW if you haven't already!

John also shows us the gift card he received from Home Depot -- a benefit of KREIA that can more than pay for an annual KREIA membership! If you aren't already taking advantage of Home Depot's discounts, rebates and rewards, you're leaving a LOT of money on the table!

Real Estate Law!

What are the basics of Landlord/Tenant Law? What is new for 2025? What do you need to have in your leases? What will the Lead-Based Paint Ordinance mean for you and your investment property? Bring your questions to Michelle Rawn and John Benz, attorneys who are real estate specialists. Register now for KREIA's October 24th main meeting!

If you're a landlord -- or you want to be a landlord -- this is a must-attend meeting for you! Michelle and John are going to update us on changes imposed by Louisville government and, most importantly, answer YOUR questions.

Join us!

They're going to discuss:

• The Do's and Don'ts of eviction court
• Notice letters (pitfalls and how to avoid them)
• Clauses to add to your leases
• The Process
• and more!

5:30 p.m. Early Meeting: Michelle is teaming up with Erik Hitzelberger, covering Louisville's lead-based paint ordinance. Michelle will cover the legal side and what the changes can mean for you, and Erik will discuss what to expect with inspections.

Meeting Agenda

5 p.m. – Doors open at Woodhaven
5:30 p.m. – Early Meeting on Louisville's Lead-Based Paint Ordinance
6 p.m. – Member Orientation with Jordan Pohn and Alisha Higgs
6:15 p.m. – The buffet line opens! Also, at the microphone, there will be announcements, property pitches and sponsor pitches
7 p.m. – Attorneys Michelle Rawn and John Benz take the floor

Remember Your Lanyard!

If you've been to a KREIA main meeting lately, you've probably picked up one or more color-coded lanyards that identify what kind of investor you are. Please remember to bring your lanyards with you to our main meetings!

Color Key Reminder: Blue = Buy-and-Hold Investor; Orange = Flipper; Yellow = Real Estate Agent; Red = Wholesaler; Green = New Member; Purple = KREIA Sponsor; Gray = Guest; Black = Board Member 

Q&A With Ed Gibson: Longtime Investor Pays It Forward

"KREIA is the only organization I know of – and I've been around the world eight times – and I have never, in my life, seen a group of people work so hard to try to make you a millionaire. I’m not kidding you."

Ed Gibson was speaking from experience here, and he believes in paying it forward!

Ed is a longtime KREIA member, a past board member, a past Lunch & Learn host, and a patent-holding engineer. He’s married and has four children and six grandchildren.

He is also one of KREIA's biggest cheerleaders, and he credits his investing success to our group. He’s not a typical real estate investor – he divides his energies between the stock market and real estate, and he makes a great case for why he doesn't like to put all his eggs in one basket.

His take on the synergy of two-prong investing is fascinating, and we sat down with him a couple of months ago to pick his brain – coming away with thousands of words of pure gold.

There wasn't room to fit the full interview in print and, trust us, you’ll want to read the whole thing. In the full transcript Ed talks about how he rehabs houses, he shares his investing strategy, gives specific recommendations, gives shoutouts to his many mentors, and offers solid advice.

If you're an active KREIA member currently logged into your account, you can read the full interview here.

Help the Children: Help the Home of the Innocents

The Home of the Innocents is a Louisville organization that takes care of abused, neglected, and medically fragile children. Even though we presented our annual check to the Home at our Holiday Party, the need for our assistance continues. Please make a much-needed gift to the Home through our fundraising page. (It's tax-deductible for you!) Or by purchasing something the children need that's mentioned on their Wish List.