Creating Wealth Real Estate Investing & Income Property

On this episode of the Creating Wealth Show, Jason Hartman talks with author and editor, Janet Portman, about becoming a landlord. Whether or not you call yourself a “landlord,” when you rent out a house, you’ll want to do it right!

Ninety percent of small properties are owned by individual landlords, and millions in this group are balancing their landlord responsibilities with their daytime careers. Tune in as Jason and Janet discuss everything from landlord business basics and finding good tenants, to complying with applicable rental laws and dealing with problem tenants.  Janet Portman, author, attorney, and nationally recognized specialist in landlord/tenant law, is managing editor at Nolo, the nation’s recognized leader in providing legal information for consumers and small businesses.

Portman oversees editorial work on all Nolo books and software. She is the author or co-author of Every Landlord’s Legal Guide, Every Tenant’s Legal Guide, and LeaseWriter Plus software, plus six other books, all published by Nolo.

As an expert in legal issues related to landlords and tenants, Portman has appeared on national television and radio and has been quoted in the New York Times, Wall Street Journal, Kiplinger’s, Smart Money, the Los Angeles Times, and other publications. She has also spoken on related topics such as disputes involving neighbors and pets. Before joining Nolo in 1994, Portman was a public defender for the California State Public Defender’s office, representing clients at the trial, appellate, and state Supreme Court levels. Portman received undergraduate and graduate degrees from Stanford University and a law degree from Santa Clara University.

Jason shares the details for the Creating Wealth Seminar and Property Tour in Memphis, the Venture Alliance Mastermind in Las Vegas and what not to buy from your favorite local coffee shop before introducing guest, Julie Benezet. Julie is the Founder and Managing Principal of Business Growth Consultants and former Director of Global Real Estate at Amazon.com. She joins Jason to give us a behind the curtain look at Amazon’s fascinating build out and philosophy. Julie also shares key points from her new book, The Journey of Not Knowing: How 21st Century Leaders Can Chart a Course Where There is None.

Key Takeaways:

[1:42] Jason wants you to live long enough to enjoy the fruits of your investments.

[5:28] A Creating Wealth Seminar and Property Tour is set for the end of March in Memphis, TN.

[6:49] Harry Dent has made some crazy predictions and will come back on the show to explain them.

[13:30] Information for the Venture Alliance Mastermind: Your Financial Friends event in Las Vegas.

Julie Benezet Guest Interview:

[17:01] Julie details her business planning efforts at Amazon.com.

[21:55] Amazon’s ‘Get Big Fast’ mantra required employees who knew the rules of distribution.

[24:40] How Amazon chose locations for their fulfillment centers.

[28:17] Unpacking Julie’s book to understand the 4 steps required to do business in the 21st century.

[34:59] Julie reviews the 4 steps.

[35:56] Germany was the location of Julie’s defining moment as a leader.

[42:35] Pay attention to your customers!  

Mentioned in This Episode:

Creating Wealth Seminar and Property Tour in Memphis

Venture Alliance Mastermind

Jason shares the details for the Creating Wealth Seminar and Property Tour in Memphis, the Venture Alliance Mastermind in Las Vegas and what not to buy from your favorite local coffee shop before introducing guest, Julie Benezet. Julie is the Founder and Managing Principal of Business Growth Consultants and former Director of Global Real Estate at Amazon.com. She joins Jason to give us a behind the curtain look at Amazon’s fascinating build out and philosophy. Julie also shares key points from her new book, The Journey of Not Knowing: How 21st Century Leaders Can Chart a Course Where There is None.

Key Takeaways:

[1:42] Jason wants you to live long enough to enjoy the fruits of your investments.

[5:28] A Creating Wealth Seminar and Property Tour is set for the end of March in Memphis, TN.

[6:49] Harry Dent has made some crazy predictions and will come back on the show to explain them.

[13:30] Information for the Venture Alliance Mastermind: Your Financial Friends event in Las Vegas.

Julie Benezet Guest Interview:

[17:01] Julie details her business planning efforts at Amazon.com.

[21:55] Amazon’s ‘Get Big Fast’ mantra required employees who knew the rules of distribution.

[24:40] How Amazon chose locations for their fulfillment centers.

[28:17] Unpacking Julie’s book to understand the 4 steps required to do business in the 21st century.

[34:59] Julie reviews the 4 steps.

[35:56] Germany was the location of Julie’s defining moment as a leader.

[42:35] Pay attention to your customers!  

Mentioned in This Episode:

Creating Wealth Seminar and Property Tour in Memphis

Venture Alliance Mastermind

Jason details an exclusive new financing option for income property investors which is now available as it has never been a better time to lock in a rate. Trump, the first real estate president, may be good for business but he will usher in inflation and rising interest rates. Also, Joe describes the changes Fannie Mae recently announced. They are now allowing investors to put 20% down on their first 10 properties, but with caveats. The important thing to remember is that once you own the property you have options.

Key Takeaways:

[3:03] Details for the next Venture Alliance Mastermind in Las Vegas.

[5:02] An exclusive financing offer for income property investors.

[8:02] Owning the paper and being the lender is Jason’s second favorite asset.

[17:07] When you are a real estate investor your tenant is your customer.

[18:01] Jawad Mian writes “Check your biases at the door; Trump is good for business.”

[21:44] Vancouver, British Columbia is experiencing a bubble, sales have plummeted by 40%.

[26:15] Fannie Mae allows borrowers to put 20% down or the first 10 properties.

[28:28] Interest rates are rising so lock the rate on your property rate now.

[33:22] 85-90 days in the maximum time to lock in a rate.

[34:53] Joe explains loan level price adjustments to rate.

[37:07] The Trump administration may replace the head of the Consumer Financial Protection Bureau.

[42:00] The ease or difficulty of qualifying for a loan.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Stray Reflections by Jawad Mian

Jason details an exclusive new financing option for income property investors which is now available as it has never been a better time to lock in a rate. Trump, the first real estate president, may be good for business but he will usher in inflation and rising interest rates. Also, Joe describes the changes Fannie Mae recently announced. They are now allowing investors to put 20% down on their first 10 properties, but with caveats. The important thing to remember is that once you own the property you have options.

Key Takeaways:

[3:03] Details for the next Venture Alliance Mastermind in Las Vegas.

[5:02] An exclusive financing offer for income property investors.

[8:02] Owning the paper and being the lender is Jason’s second favorite asset.

[17:07] When you are a real estate investor your tenant is your customer.

[18:01] Jawad Mian writes “Check your biases at the door; Trump is good for business.”

[21:44] Vancouver, British Columbia is experiencing a bubble, sales have plummeted by 40%.

[26:15] Fannie Mae allows borrowers to put 20% down or the first 10 properties.

[28:28] Interest rates are rising so lock the rate on your property rate now.

[33:22] 85-90 days in the maximum time to lock in a rate.

[34:53] Joe explains loan level price adjustments to rate.

[37:07] The Trump administration may replace the head of the Consumer Financial Protection Bureau.

[42:00] The ease or difficulty of qualifying for a loan.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Stray Reflections by Jawad Mian

Jason reveals how you can actually profit from prudent borrowing. Then Jason and Ben, a local businessman and caterer, discuss inflation and rising food prices.

Jason reveals how you can actually profit from prudent borrowing. Then Jason and Ben, a local businessman and caterer, discuss inflation and rising food prices.

Jason seeks to empower his investors with tools to assist them with self-managing their properties. The team offers complete solutions including inventory, property management tools and now exclusive financing with terms you will appreciate. Jason’s guest today is the founder of Rentec Direct, Nathan Miller. Nathan says his company is a client-focused program with a sweet spot of investors with 2-20 income properties.Tenant screening, automated payments and a property manager access option makes the tool accessible and easy to use.

Key Takeaways:

[1:38] Investor empowerment allows investors to control things in a positive way.

[4:09] The 3 major problems stemming from relinquishing control.

[5:55] The pathetic banks charge countless fees and don’t even pay interest anymore.

[20:38] Ask your Investment Counselor about our exclusive financing with reasonable fees.  

 

Nathan Miller Guest Interview

[25:07] Rentec Direct’s average client is an investor with 2-20 properties.

[27:06] The Rentec tool is designed to make a landlord’s life easier.

[32:16] Tenant screening is via Trans-Union.

[37:13] Rentec PM has the option to open an owner/investors portal and is 20% more.

[41:42] What differentiates Rentec Direct from their competition?

[47:17] Live chat support is available within the program.

Mentioned in This Episode:

Jason Hartman

Cozy

Rentec Direct

Jason seeks to empower his investors with tools to assist them with self-managing their properties. The team offers complete solutions including inventory, property management tools and now exclusive financing with terms you will appreciate. Jason’s guest today is the founder of Rentec Direct, Nathan Miller. Nathan says his company is a client-focused program with a sweet spot of investors with 2-20 income properties.Tenant screening, automated payments and a property manager access option makes the tool accessible and easy to use.

Key Takeaways:

[1:38] Investor empowerment allows investors to control things in a positive way.

[4:09] The 3 major problems stemming from relinquishing control.

[5:55] The pathetic banks charge countless fees and don’t even pay interest anymore.

[20:38] Ask your Investment Counselor about our exclusive financing with reasonable fees.  

 

Nathan Miller Guest Interview

[25:07] Rentec Direct’s average client is an investor with 2-20 properties.

[27:06] The Rentec tool is designed to make a landlord’s life easier.

[32:16] Tenant screening is via Trans-Union.

[37:13] Rentec PM has the option to open an owner/investors portal and is 20% more.

[41:42] What differentiates Rentec Direct from their competition?

[47:17] Live chat support is available within the program.

Mentioned in This Episode:

Jason Hartman

Cozy

Rentec Direct

Jason welcomes Muthiah Nachiappan to the show. Muthiah is a client with 9 properties and an avid property management contract reader. He discusses his self-designed Property Management Survey, the garbage fees most property owners pay but don’t question and how he became interested in income properties. For property owners, Jason shares 4 options for property management and then the 3 options property management companies have if they want to stay in business and service their customers.

Key Takeaways:

[2:44] Property Management contracts always favor the person who is drafting them.

[4:06] Jason wants to disrupt the property management business through self-management, a la carte services and flat fee property management.

[7:38] How Muthiah get interested in income properties.

[11:28] Muthiah explains his Property Management Survey.

[16:01] A flat fee system gives the property manager an agreed upon percentage of any money that comes in.

[21:30] These 4 options for property management should be available to every property owner.

[26:52] Property management companies need to change their business model to provide a hybrid option.

[31:21] Let your property management company know that you are an educated and aware investor.

[33:48] Muthiah shares his future investment plans and his retirement objectives.  

Mentioned in This Episode:

Jason Hartman