Creating Wealth Real Estate Investing with Jason Hartman CW 1063 FBF - Shane Sauer - Finding Stable Rental Property Neighborhoods, RentFax & Real Estate Investment Tools
Today's Flash Back Friday comes from Episode 698, originally published in July 2016.
Today's guest Shane Sauer is a Co-Founder of RentFax, a company which pairs real estate industry knowledge with technology tools to help investors analyze their income property investment risk. The goal is to find good, stable rental neighborhoods for long-term buy and hold investments. Shane shares the sources of the information RentFax uses to calculate their property scores and what other due diligence is necessary when buying income property.
Key Takeaways:
[2:00] Business Insider Labor Market Article: Millennials grow up, increasing the US birth rate.
[8:39] Property analyzers are not the holy grail of real estate. Technology is only as smart as the input it receives.
[12:18] Phoenix, Arizona is the site of the next Creating Wealth event in September.
Shane Sauer Guest Interview:
[15:03] Rentfax reports scores rental properties on anticipated Risc (rental income stability composite), rent and vacancy rates.
[19:03] Does this software help real estate investors make the best investment decisions?
[24:13] Rentfax partnered with geospatial data experts to filter 100 different data points on potential properties.
[30:29] ROI is not only Return on Investment but also Return on Involvement or Effort to Earn.
[33:23] Using the average tenant's duration as a measurement for vacancy rates.
[39:07] Rentfax doesn't distinguish between Section 8 neighborhoods and Non-Section 8 neighborhoods.
[42:23] Real estate investors should educate themselves and aggregate information before buying.
Mentioned in This Episode: