Creating Wealth Real Estate Investing with Jason Hartman CW 572 - Taking The Mystery Out of Repairs, Improvements & Rehabs with Pro.com with Matt Williams
The fact that U.S. homeownership rates are tumbling is great news for real estate investors! The time is ripe for cash flow oriented linear markets. And it just so happens Pro.com’s home project service engine is up and running at full capacity. I talk with Matt Williams, formerly of Digg.com, about the latest and greatest tool for real estate agents and investors, Pro.com. Pro.com is a new service which gives you the price of a pro contractor to complete your home services upfront, so you know exactly how much you can expect the bill to be. There were no fee’s exchanged for this or any of my podcasts.
Don’t Forget Early Bird pricing for Meet the Masters available on JasonHartman.com
Key Takeaways:
Jason’s Editorial:
[2:06] Giddy for the upcoming interview
[3:45] Removing the 3rd party from the equation
[5:23] Podcasters are charging guests to be on their show
[5:53] We are working on a self-management software tool
[7:30] Income is judged by the net operating income, not cash flow
[8:39] The Zerohedge article - U.S. homeownership rate tumbles
[11:00] I’m excited I want a 55% homeownership rate
[12:52] Median U.S. asking rent is $803
[13:46] The time is ripe for cash flow oriented linear markets
[14:55] Real income in the U.S. is at 1989 levels
[17:39] Will the economy be outdone by free market technology
Matt Williams Guest Interview:
[20:59] Learning the ins and outs of building marketplaces and communities at Amazon
[22:01] Digg’s V4 - An attempt at a personalized news experience
[25:21] Incubating Pro.com at Andreessen Horowitz
[27:26] Real estate investors are able to get a quote from any zip code in the U.S.
[28:25] Homeowners have access to what it cost to get their home ready for sale
[30:09] The most comprehensive pricing engine for any home project
[32:40] The problem is a lack of transparency for home services
[34:22] What the job should cost broken down for the consumer
[35:40] It’s really for every single job you can imagine in the home
[38:00] We handle the payment processing also
[39:04] Thousands of common projects and the multiple variations
[40:08] There are a lot of jobs left undone because people don’t know the price upfront
[41:10] We survey the pro after the job and post rankings
[41:58] How real estate agents work with pro.com
[44:12] This free service is nationwide, right?
Mentions:
The Mystery of the Missing Inflation - Tyler Durden