Creating Wealth Real Estate Investing with Jason Hartman 1178: Landlord Friendly Markets, Tenant Retention & Self-Management App Bixby by Mark Smukler
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
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