Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman and Adam start the episode today discussing landlord friendly markets. Specifically, how you can determine whether you're investing in markets that are. Jason explains an easy (but not foolproof) way to figure out if a market is friendly to investors, as well as another way to find out the difficulties of evicting tenants in your potential market.

Then Jason talks with Mark Smukler, co-founder and CEO at Bixby, about self-management. Mark explains how Bixby is designed to help self-managers and some of the best practices those who decide to self-manage can utilize. This includes how to handle maintenance requests, rent collections and keeping a healthy distance between yourself and your tenants.

Key Takeaways:

[3:49] How to find landlord friendly states

[8:03] The most landlord friendly state in the country is Arkansas

[10:47] Ask a few property managers to find out how eviction laws in the state/city work

Mark Smukler Interview:

[14:44] The two ways Mark sees Bixby working

[18:15] How maintenance requests and rent collections work in Bixby

[22:09] Bixby allows credit cards to pay rents, and credit card fees can be disputed. How does Bixby deal with that?

[23:44] Some property management best practices

Website:

www.LiveBixby.co

www.Twitter.com/LiveBixby

www.JasonHartman.com/Properties

Jason Hartman and Adam start today's episode answering a listener's question about whether it's better to invest in a single-family home or to look at larger, pooled assets like a 16+ door multifamily. Jason reminds everyone about Commandment #3, which is especially critical in decisions like these.

Then Jason talks with Mark Dolfini, Landlord Coach and author of The Time Wealthy-Investor, about best practices for self-managing your properties. Mark discusses the importance of treating your investments as a business and how to create a healthy distance between yourself and your tenants.

Key Takeaways:

[7:05] Single family homes tend to get better tenants, appreciate better, get better financing options and several other perks over multifamily

[10:14] The risks of investing in pooled assets. Don't violate Commandment #3!

[12:20] RV ratios for apartments will be higher because of shared walls, but don't let that be your determining factors between the 2.

Mark Dolfini Interview:

[14:53] You have to think of your real estate investments as a business

[17:34] A simple tweak to keep from giving your cell phone number to your tenants

[22:33] Whatever you're doing, it has to be scaleable

[28:07] The software Mark likes to use

Website:

www.LandlordCoach.com

www.NTNOnline.com

www.IVAA.org

www.CCMyAdmin.com

Jason Hartman and Adam start today's episode answering a listener's question about whether it's better to invest in a single-family home or to look at larger, pooled assets like a 16+ door multifamily. Jason reminds everyone about Commandment #3, which is especially critical in decisions like these.

Then Jason talks with Mark Dolfini, Landlord Coach and author of The Time Wealthy-Investor, about best practices for self-managing your properties. Mark discusses the importance of treating your investments as a business and how to create a healthy distance between yourself and your tenants.

Key Takeaways:

[7:05] Single family homes tend to get better tenants, appreciate better, get better financing options and several other perks over multifamily

[10:14] The risks of investing in pooled assets. Don't violate Commandment #3!

[12:20] RV ratios for apartments will be higher because of shared walls, but don't let that be your determining factors between the 2.

Mark Dolfini Interview:

[14:53] You have to think of your real estate investments as a business

[17:34] A simple tweak to keep from giving your cell phone number to your tenants

[22:33] Whatever you're doing, it has to be scaleable

[28:07] The software Mark likes to use

Website:

www.LandlordCoach.com

www.NTNOnline.com

www.IVAA.org

www.CCMyAdmin.com

Jason Hartman and Adam start today's episode answering a listener's question about whether it's better to invest in a single-family home or to look at larger, pooled assets like a 16+ door multifamily. Jason reminds everyone about Commandment #3, which is especially critical in decisions like these.

Then Jason talks with Mark Dolfini, Landlord Coach and author of The Time Wealthy-Investor, about best practices for self-managing your properties. Mark discusses the importance of treating your investments as a business and how to create a healthy distance between yourself and your tenants.

Key Takeaways:

[7:05] Single family homes tend to get better tenants, appreciate better, get better financing options and several other perks over multifamily

[10:14] The risks of investing in pooled assets. Don't violate Commandment #3!

[12:20] RV ratios for apartments will be higher because of shared walls, but don't let that be your determining factors between the 2.

Mark Dolfini Interview:

[14:53] You have to think of your real estate investments as a business

[17:34] A simple tweak to keep from giving your cell phone number to your tenants

[22:33] Whatever you're doing, it has to be scaleable

[28:07] The software Mark likes to use

Website:

www.LandlordCoach.com

www.NTNOnline.com

www.IVAA.org

www.CCMyAdmin.com

Today's Flash Back Friday comes from Episode 371, originally published in April 2014.

A best-selling author, speaker and a member of an elite group of "Rich Dad's" advisors, hand selected by author Robert Kiyosaki, Garrett speaks to investors and entrepreneurs on a variety of topics including asset protection, liability limitation, wealth creation, as well as various business and real estate issues. As an advisor for Robert Kiyosaki, Garrett has authored Own Your Own Corporation.

Garrett's books provide an accessible source of information for building your own success. A member of the State Bars of Nevada and California, as well as the American Bar Association, Garrett attended Colorado College and the University of California at Berkeley where he received a B.S. in Business Administration in 1975. In 1978, he graduated with a J.D. from University of California's Hastings College of Law in San Francisco.

Beyond his desire to educate people and business in wealth protection and growth, Garrett serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama and the Nevada-based Sierra Kids Foundation.

Website:

www.CorporateDirect.com

Today's Flash Back Friday comes from Episode 371, originally published in April 2014.

A best-selling author, speaker and a member of an elite group of "Rich Dad's" advisors, hand selected by author Robert Kiyosaki, Garrett speaks to investors and entrepreneurs on a variety of topics including asset protection, liability limitation, wealth creation, as well as various business and real estate issues. As an advisor for Robert Kiyosaki, Garrett has authored Own Your Own Corporation.

Garrett's books provide an accessible source of information for building your own success. A member of the State Bars of Nevada and California, as well as the American Bar Association, Garrett attended Colorado College and the University of California at Berkeley where he received a B.S. in Business Administration in 1975. In 1978, he graduated with a J.D. from University of California's Hastings College of Law in San Francisco.

Beyond his desire to educate people and business in wealth protection and growth, Garrett serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama and the Nevada-based Sierra Kids Foundation.

Website:

www.CorporateDirect.com

Today's Flash Back Friday comes from Episode 371, originally published in April 2014.

A best-selling author, speaker and a member of an elite group of "Rich Dad's" advisors, hand selected by author Robert Kiyosaki, Garrett speaks to investors and entrepreneurs on a variety of topics including asset protection, liability limitation, wealth creation, as well as various business and real estate issues. As an advisor for Robert Kiyosaki, Garrett has authored Own Your Own Corporation.

Garrett's books provide an accessible source of information for building your own success. A member of the State Bars of Nevada and California, as well as the American Bar Association, Garrett attended Colorado College and the University of California at Berkeley where he received a B.S. in Business Administration in 1975. In 1978, he graduated with a J.D. from University of California's Hastings College of Law in San Francisco.

Beyond his desire to educate people and business in wealth protection and growth, Garrett serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama and the Nevada-based Sierra Kids Foundation.

Website:

www.CorporateDirect.com

Jason Hartman and in-house economist Thomas start off today's show discussing what inflation really is, and how it's measured. There are different ways inflation can be manipulated, whether it's for political gain or belief system.

Then, Jason talks with Mark Ferguson, founder of InvestFourMore, about the state of the housing market in Mark's area of northern Colorado. The two examine the lack of inventory, best rehab practices, what (and when) to rehab, and keeping contractors in line.

Key Takeaways:

[2:38] How inflation really works and what "core inflation" is

[6:27] The 3 major ways we're convinced inflation is lower than it really is

[9:39] The importance of hedonics and what Jason hates about it

Mark Ferguson Interview:

[15:13] Mark is seeing a slowdown in his area

[18:57] Things are slowing down, so why isn't there inventory available?

[22:52] When the market slows down, rents tend to get strengthened

[24:57] Best practices for rehabbing properties and keeping contractors honest and accountable

[28:05] How do you decide what to rehab?

[30:42] Mark's experience buying a strip center

Website:

www.JasonHartman.com/Properties

www.InvestFourMore.com

Jason Hartman and in-house economist Thomas start off today's show discussing what inflation really is, and how it's measured. There are different ways inflation can be manipulated, whether it's for political gain or belief system.

Then, Jason talks with Mark Ferguson, founder of InvestFourMore, about the state of the housing market in Mark's area of northern Colorado. The two examine the lack of inventory, best rehab practices, what (and when) to rehab, and keeping contractors in line.

Key Takeaways:

[2:38] How inflation really works and what "core inflation" is

[6:27] The 3 major ways we're convinced inflation is lower than it really is

[9:39] The importance of hedonics and what Jason hates about it

Mark Ferguson Interview:

[15:13] Mark is seeing a slowdown in his area

[18:57] Things are slowing down, so why isn't there inventory available?

[22:52] When the market slows down, rents tend to get strengthened

[24:57] Best practices for rehabbing properties and keeping contractors honest and accountable

[28:05] How do you decide what to rehab?

[30:42] Mark's experience buying a strip center

Website:

www.JasonHartman.com/Properties

www.InvestFourMore.com

Jason Hartman and in-house economist Thomas start off today's show discussing what inflation really is, and how it's measured. There are different ways inflation can be manipulated, whether it's for political gain or belief system.

Then, Jason talks with Mark Ferguson, founder of InvestFourMore, about the state of the housing market in Mark's area of northern Colorado. The two examine the lack of inventory, best rehab practices, what (and when) to rehab, and keeping contractors in line.

Key Takeaways:

[2:38] How inflation really works and what "core inflation" is

[6:27] The 3 major ways we're convinced inflation is lower than it really is

[9:39] The importance of hedonics and what Jason hates about it

Mark Ferguson Interview:

[15:13] Mark is seeing a slowdown in his area

[18:57] Things are slowing down, so why isn't there inventory available?

[22:52] When the market slows down, rents tend to get strengthened

[24:57] Best practices for rehabbing properties and keeping contractors honest and accountable

[28:05] How do you decide what to rehab?

[30:42] Mark's experience buying a strip center

Website:

www.JasonHartman.com/Properties

www.InvestFourMore.com