Creating Wealth Real Estate Investing with Jason Hartman CW 1011 FBF - Real Estate Tools, Remote & Self-Management with Bill
Today's Flash Back Friday comes from Episode 746, originally published in November 2016.
This episode focuses on the opportunities which exist when self-managing an income property. First, Jason reviews a Business Insider article regarding dwindling investment property inventories. And later in the podcast, Jason is joined by Bill, who helps manage Fernando's Atlanta and Texas properties. Bill discusses the steps necessary when self-managing income properties. He shares how to show a property using software tools, leasing a property to a new tenant and how to have tenants facilitate repairs and maintenance issues.
Key Takeaways:[3:00] Unpacking the Business Insider Article: Pending Home Sales Jump Despite Painfully Tight Housing Market by Bob Bryan.
[4:08] If you are on the fence about increasing your income property portfolio do it in hybrid markets.
[7:29] Real estate is a game of staying power.
[18:00] The ways Jason is working to empower his investors and arm with them with exceptional management tools.
[19:26] Bill's work history makes him uniquely qualified to handle Fernando's property management requirements.
[22:51] How to use Rently lockboxes when self-managing properties.
[27:14] Making a property rent-ready and contacting contractors through handiman websites.
[28:56] Tenants have a vested interest when working with contractors to fix or maintain properties.
[31:53] When a property is self-managed tenants to take more responsibility for the property.
[35:42] Property Management Software does most of the back-office work for you.
[37:12] What is required when leasing a property to a tenant?
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