Accredited Income Property Investment Specialist (AIPIS)

Jason Hartman talks with Rob Stephens, co-founder of Avalara MyLodgeTax, about whether the short-term rental market is oversupplied and what the impact of institutional investors is doing to the marketplace as a whole. They also discuss some of the tax implications of running short-term rentals.

Key Takeaways:

[1:39] Is the short-term rental market oversupplied?

[5:07] How will short-term rentals hold up in the next economic downturn?

[9:26] What has the increased usage of short-term rentals done to the timeshare market?

[10:51] The way institutional investors are getting involved in short-term rentals

[15:42] Tax compliance

[18:57] How much do room/tourism/hotel taxes differ across the country?

Website:

www.MyLodgeTax.com

Direct download: AIPIS_281_Rob_Stephens.mp3
Category:general -- posted at: 3:43pm EDT

Jason Hartman talks with Robert Greene, author of the new book The Laws of Human Nature as well as New York Times bestsellers like The 48 Laws of Power and The 33 Strategies of War, about how to approach people to put yourself in the best position for success as well as how to best change your life and circumstances. Robert goes over a few of his 18 laws to help you on your way.

Key Takeaways:

[4:06] Misjudging people is extremely expensive, and it's getting even harder to do with everything becoming virtual

[6:25] Thinking about what other people need or are going through is one of the most important life skills you can develop

[9:40] When you ask someone for anything, they are naturally going to be resistant

[12:45] We are emotional creatures, largely governed by our emotions

[24:18] You can change your own life and circumstances by working on your attitude

[27:54] The biggest impediment in people's lives is the inability to affect or influence the people around them

Website:

www.PowerSeductionAndWar.com

Direct download: AIPIS_280_Robert_Greene.mp3
Category:general -- posted at: 10:45pm EDT

Jason Hartman talks with Frank Barletta, Co-Founder and CEO of UpTop, about how his software can help self-managing property owners. Frank explains how UpTop helps landlords deal with leases and maintenance requests, as well as how to use the platform.

Key Takeaways:

[4:14] What does a landlord do with UpTop?

[7:12] Where UpTop makes its money

[12:18] How UpTop handles leases

[13:05] Dealing with maintenance issues through UpTop

Website:

www.LiveUpTop.com

Jason Hartman's Real Estate Investor Update Alexa Skill

Direct download: AIPIS_279_Frank_Barletta.mp3
Category:general -- posted at: 8:45pm EDT

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.

Key Takeaways:

[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

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_278_David_Nelson.mp3
Category:general -- posted at: 12:00pm EDT

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.

Key Takeaways:

[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

Website:

www.EliteInspections.com

Direct download: AIPIS_277_Home_Inspections.mp3
Category:general -- posted at: 4:09pm EDT

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.

Key Takeaways:

[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

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_276_Drew_Baker.mp3
Category:general -- posted at: 5:27pm EDT

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.

Key Takeaways:

[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?

Website:

www.JasonHartman.com/Properties

Direct download: AIPIS_275_Greg_Scott.mp3
Category:general -- posted at: 10:06am EDT

Jason Hartman talks today with Frank Gallinelli, founder and President of Real Data and author of the book What Every Real Estate Investor Needs to Know About Cash Flow & 36 Other Key Financial Measures, about what metrics Frank finds the most important for single family home investors to pay attention to. They also discuss the "holy grail" metric that investors should be using and when you actually SHOULDN'T invest in real estate.

Key Takeaways:

[1:53] What are the core metrics that real estate investors should be looking at?

[6:39] You should try and forecast best case, worst case, and in-between case for your properties

[8:02] What is discounted cash flow?

[10:36] The holy grail metric is still IRR (Internal Rate of Return)

[12:26] A different way to view Return on Equity

[15:59] Is there a time where it doesn't make sense to acquire properties?

[21:44] Education is absolutely vital to being a good investor

Website:

www.RealData.com

Direct download: AIPIS_274_Frank_Gallinelli.mp3
Category:general -- posted at: 11:46pm EDT

Jason Hartman talks with Julia, who will be speaking at the event in Savannah, GA about tax liens and deeds. She gives a brief intro to what they are and what she'll be discussing at the event.

Key Takeaways:

[2:21] An intro to tax liens and tax deeds

[3:19] How Julia was able to buy a house in Savannah for simply paying back taxes

[5:48] Julia will be teaching how to avoid problem properties and how she evaluates deals

Websites:

www.JasonHartman.com/Properties

www.JasonHartman.com/Events

Direct download: AIPIS_273_Savannah.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Cliff Hayden, creator of Show Me the Rental, about how he started his business, what his software does, and property management tips for real estate investors.

Key Takeaways:

[1:36] What frustrated Cliff enough to create Show Me the Rental

[3:30] How Show Me the Rental works

[7:30] Some sample questions Cliff's software might use

[11:45] What platforms Show Me the Rental connects with

[13:12] Cliff's property management tips

Website:

www.ShowMeTheRental.com

Direct download: AIPIS_272_Cliff_Hayden.mp3
Category:general -- posted at: 9:27am EDT