Thu, 21 December 2017
CW 928 - Rich Dad Advisor Ken McElroy - GOP Tax Plan's Impact on Real Estate Investing, Treating Tenants Properly, & the Myth of Home Ownership, Part 2
Jason Hartman and Ken McElroy finish up their conversation started in episode 927. This time, however, the two look into the importance of how property owners (and managers) treat their tenants, and why many people are doing it wrong. They also discuss why the American idea of home ownership may be a massive myth, and two critical pieces to your investment success.
[3:29] Apple has confirmed a long-held conspiracy
[6:38] Jason believes this tax plan is going to be phenomenal for the economy
[10:49] Some back of the napkin math on the impact of the new tax plan
[15:19] It's been 3 decades since we've had real tax reform, so Jason's bullish
Ken McElroy Interview:
[20:42] It's important to treat all your residents as your customers
[22:08] Is the idea of home ownership a myth?
[24:22] Population growth and migration are two things critical to investment success
[27:41] The state of the states
Wed, 20 December 2017
CW 927 - Rich Dad Advisor Ken McElroy on Property Management, Top Investors Mistakes, and Economic Optimism, Part 1
Jason Hartman starts off the show discussing the recent news that economic optimism under President Trump is nearly unprecedented. He also goes into what to look for when moving, and what "The Wheel of Life" is about.
Then we have part 1 of Jason's interview with Rich Dad Advisor Ken McElroy, who will be speaking at this year's Meet the Masters of Income Property in La Jolla. Ken tells Jason some of the most common mistakes he sees real estate investors make, why you can't just buy real estate any time you like, and some tips on how to do property management the right way.
[3:52] We are at a time of unprecedented economic optimism
[6:11] Why Jason enjoys moving and what to look for when you're moving
[12:25] CNBC video about current levels of economic optimism
[17:34] What The Wheel of Life is about
Ken McElroy Interview:
[24:16] The two common mistakes Ken sees in real estate investors
[26:19] Real estate is cyclical, so you can't just buy all the time throughout your career
[28:41] Ken's real estate business model
[30:20] Some tips on how to do property management right
[33:01] C class properties look good on paper, but in the long run, better quality properties bring better quality tenants