Fri, 20 October 2017
Investment Counselor and Local Market Specialist Liaison, Carrie joins Jason Hartman to see if he can correctly predict the effect the rise in interest rates will have on the US economy. Jason reminds us the Feds don’t directly impact mortgage rates but by directly impacting short-term rates all rates will be affected. For those of you who have income properties, the higher interest rates will put upward pressure on rents. And if you are looking for additional properties, be sure to get pre-approved for financing before the Oklahoma Property Tour and JHU Live event.
[03:56] What does the spike in interest rates mean for investors?
[10:10] Higher interest rates will put upward pressure on rents and lessen the concentration of wealth.
[14:20] Local Market Specialists and Investment Counselors are always working in the client’s best interest.
[23:44] It’s important to get pre-approved for financing in today’s seller’s market.
[25:13] Jason hints about the location for the next Venture Alliance Mastermind.
"The Fed has weapons it can use to fix the economy and interest rates are one of those weapons."
Fri, 13 October 2017
Clients in the sports and entertainment world have the same issues as those in the regular world, but they also have a few extra needs and difficulties. Because of this, you have to go about acquiring their business a little different than normal. Kofi Nartey, National Director of the Compass Sports & Entertainment Division and author of Sellebrity: How to Build a Successful Sports & Entertainment Based Business, talks with Jason Hartman about ways you can break into the industry.
Kofi has some marketing tips that can keep you from spending a ton of money to meet celebrities, as well as some good advice on how to act when you get your meeting.
[2:36] What's different about sports and celebrity clientele needs?
[6:45] How do you convey your ideas to celebrities before you start working with them to convince them you understand their needs?
[10:42] Some ways to test the marketing waters of working with the elite without bankrupting yourself
[12:46] How to stand out when you get a chance to meet with potential celebrity clients
"You cannot be awestruck. Part of servicing sports & entertainment clientele is that you have to be a safe haven for them"
Fri, 6 October 2017
Jason Hartman welcomes Gary back to the show to review current news articles which impact income property investors. Does an excess of tower cranes in an area tell a tale of a future bubble? Can you afford the rent in a large US city and still have a savings account? How does the sharing economy can make life better for consumers? And later in the show, Jason and Gary answer listener questions and Gary describes how to use a life insurance policy to make a down payment on your next income property.
[01:01] Jason and Gary review an article about how a tower crane can indicate a real estate bubble.
[08:23] The Income Needed to Pay Rent in the Largest U.S. Cities by Derek Miller.
[10:35] Bloomberg’s article, What a London Cabbie Taught Me About Uber.
[12:30] The New Human Rights Movement by Peter Joseph doesn’t look at the whole picture.
[17:07] Jason and Gary answer Derek’s question about appreciation submitted during the Airpods raffle.
[26:25] Gary explains how to borrow money from your own insurance policy to buy income properties or make necessary repairs.
Fri, 29 September 2017
This week’s episode was recorded in Helsinki, Finland. Jason studies the economies of all the countries he visits and believes traveling to be an important educational experience. He shares an article which supports his long-held opinion that the rental market in the US is growing by way of demographics and rising home prices.
[03:29] Jason encourages us to become an engaged student of life.
[07:13] The power of having a robust vocabulary.
[13:16] How to sign up for the Property Tracker Affiliate Program.
[15:59] Win an Amazon Echo for submitting your questions and comments.
[18:27] Jason reviews an article about the cost of rising home prices and what it means to rents.
[22:29] Jason has taken on the plight of the middle class.
Fri, 22 September 2017
The month of October brings the 2017 tax season to a close. Jason brings Fernando and Zack on the show to showcase the organizational tools and portfolio management options available through the newly upgraded Property Tracker 2.0.
The Property Tracker software makes creating Schedule E’s, depreciation schedules and other tax forms easy as well as a robust calendar which keeps track of all of your income properties important dates.
[1:14] Fundamentals for organizing and tracking investment properties.
[8:30] Property Tracker produces tax schedules including Schedule E and an up-to-date Schedule of Depreciation.
[12:28] Property Tracker 2.0 has updated proformas with RV ratio evaluations.
[14:54] Clarifying the statement “Every day you have a property you own and don’t sell, you are buying it back from yourself.”
[19:35] Organizational tips for using Property Tracker.
[23:58] Scanning with Optical Character Recognition (OCR) makes you more efficient.
[31:08] Details about the new Amazon Echo contest, the Meet the Master’s event and the upcoming Venture Alliance Mastermind.
[34:50] Free one-hour Property Tracker onboarding session with Zack for Jason Hartman clients.
Fri, 15 September 2017
Our movements and habits are being tracks more and more with each passing year, and even sometimes days. All of that data can come in quite handy when you're looking to buy commercial real estate. Where are your customers coming from? Where are they going? How long do they spend in your location? This knowledge can be crucial when you're considering purchasing a property.
Donna Salvatore is CEO and Founder of Megalytics, a company designed to take big data and decipher it for real estate investors, both big and small. Donna has worked with SaaS and IT companies for the past 22 years, and previously provided venture equity and debt financing for a decade.
[2:28] Some areas of big data that commercial real estate investors that Megalytics can track
[6:14] Has the retail apocalypse peaked yet?
[10:18] What is the social media score and property management score that Megalytics provides?
[15:29] The explosion in available data and what it looks like going forward
[19:11] Big data isn't just for big commercial real estate investors, landlords of single family homes can use it as well
Fri, 8 September 2017
Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property.
[1:15] Is the US a giant Ponzi scheme?
[4:21] Understanding the difference between pension benefit plans and contribution plans is essential.
[14:05] The financial service industry preys on retail investors.
[19:39] Harry Markopolos is waiting to capitalize on a market correction.
[25:59] Analyzing the patterns and mistakes of the middle-class investor.
[34:17] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy.
[36:39] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties.
Fri, 1 September 2017
In the early 1980s Seth Merrin was an intern on Wall Street who saw ways the industry could change for the better. His first startup was an order management software that asset managers around the world use. He later created the company Liquidnet Holdings that allows institutional investors to trade large blocks of stock.
Jason Hartman caught up with Seth to talk about his newest book, The Power of Positive Destruction, and how business owners can take ideas from other industries and disrupt theirs.
[1:01] The premise for the Power of Positive Destruction
[3:05] Taking things from one successful industry, and applying them to your different industry, can provide huge boons
[5:50] The positive destruction created by companies like Uber, Lyft, AirBnB, etc
[9:14] The art and science of launching a company
[12:39] How Seth applied the principles from his book on his own companies
[16:20] Whether Wall Street is swinging back toward being an institutional game, and how Seth's platform plays in that
[21:18] The idea of corporate responsibility, and how the proceeds from the book sales are going to help house the orphans of the genocide in Rwanda
Fri, 25 August 2017
Elisabeth and Jason finally get back together to talk about what's going on in the world of real estate and inflation right now. They discuss some linear, hybrid, and cyclical markets, as well as the influence of foreign investors in the US real estate landscape.
[1:01] What Jason learned on his 7 week vacation/trip to Europe
[5:03] The patterns of countries like Japan and the importance of demographics
[9:28] Whether "this time it's different" is at all applicable in this cycle, or if it's just wishful thinking before a bubble bursts
[13:36] Donald Trump is loosening the flood gates of money, and how it will effect real estate investing
[19:16] The impact that foreign investment has on US markets
[26:01] A lot of the invisible inflation can be seen is by the rise of self-service
[31:14] We've got to stop viewing minimum wage jobs as careers
Mon, 21 August 2017
Julia Spencer used to invest in long-term rental homes, but decided to switch over to short-term rentals a few years ago. She shares with Jason what she has learned over the years while self-managing the properties she owns, and gives some tips on how to avoid pitfalls that she experienced. The fears of an all consuming time commitment, never being able to go on a vacation, and having your home destroyed by guests are explored, and we find out the true income potential of short-term rentals.
[2:43] Julia has about 30 listings for her 7 homes
[6:56] Julia's portfolio prior to starting short-term rentals
[9:40] The importance of the review system in the short-term rental market
[12:45] Julia started her short-term rental career by moving out of her own house and renting it out, and got rid of some of her long-term rental homes
[16:37] Short-term rentals and problems with neighbors
[21:10] Red flags (and green flags) for properties you're considering for short-term rentals
[25:38] What team members do you need in order to self-manage?
[31:11] Whether Julia has ever looked into using (or used) a property manager
[34:28] How Julia streamlines her operations
[38:08] A real life example of what kind of profits Julia makes on her properties