Fri, 31 May 2019
Jason Hartman has a client case study with David Nelson, who, along with his wife, has amassed a real estate portfolio that has allowed her to retire early to focus on their holdings. David discusses how his cockiness led him into a bad deal, why continual education is important and where his journey is heading.
[17:19] David started getting cocky investing in 2016 and didn't pay enough attention to his inspection
[20:24] Jason's group doesn't do any one off deals
[24:28] How self-management has gone for David so far
[29:18] When you combine education with action you can accomplish nearly anything
[33:01] Why being 80% in on one asset class isn't necessarily a mistake
Fri, 17 May 2019
Jason Hartman talks with Josh and Mike from Elite Group Inspection Professionals about what to expect when getting a home inspection. A good home inspection can save you thousands, and a bad home inspection can cost you thousands. It can be tough to figure out who you can trust when you're getting one done, but Josh and Mike give you some resources to finding a competent inspector and what the major things you should be looking for on your inspection reports.
[3:28] Make sure you check your home inspector for licenses, certifications and insurance
[6:15] Some of the biggest concerns from buyers
[10:54] The pros and cons of various roof types
[15:48] Expect a lot detail about repairs needed in your inspection, but not about how much they will cost to fix
[19:22] What to look for on the interior of the house
[22:29] When you need to get a re-inspection done
[25:18] Some of the common plumbing problems
Fri, 10 May 2019
Jason Hartman talks with client Drew Baker about the new developments in Drew's journey in self-management. Drew gives Jason a rundown on how he deals with lease renewals, some of the repairs he's doing to his properties in order to retain his tenants, and what software he's using to keep track of it all. Jason also gives Drew a little bit of advice on how he may be able to accelerate his depreciation in a cost effective manner.
[3:23] The one type of pollution that China doesn't have, that America has PLENTY of, is noise pollution
[8:43] An update on Drew's self-management process
[11:45] Cost segregation studies have become reasonably priced for single-family homes and could well be worth the cost
[16:37] Drew tries to get his leases to come up for renewal in the warmer months, as well as signing a 2 year lease
[20:07] Drew's approach to lease renewals
Fri, 3 May 2019
Jason Hartman talks with client Greg Scott about his journey from accidental landlord to an owner of multifamily properties. Greg and Jason examine why people don't know whether they're winning or losing, how Greg was able to continue investing through the Great Recession, and what sort of demographics are making being a landlord look better and better.
[2:26] Greg's journey to becoming an accidental landlord
[6:03] People often don't know whether they're winning or losing
[11:09] When you hear about the returns people get from real estate and want to do the same, you have to actually act on it
[12:43] Greg's plan for his new multifamily facility
[15:29] How worried was Greg when he was investing in property during the Great Recession?
[19:35] Does Greg see the same thing about high rental demand as Jason does?