Creating Wealth Real Estate Investing with Jason Hartman

Jason welcomes Muthiah Nachiappan to the show. Muthiah is a client with 9 properties and an avid property management contract reader. He discusses his self-designed Property Management Survey, the garbage fees most property owners pay but don’t question and how he became interested in income properties. For property owners, Jason shares 4 options for property management and then the 3 options property management companies have if they want to stay in business and service their customers.

Key Takeaways:

[2:44] Property Management contracts always favor the person who is drafting them.

[4:06] Jason wants to disrupt the property management business through self-management, a la carte services and flat fee property management.

[7:38] How Muthiah get interested in income properties.

[11:28] Muthiah explains his Property Management Survey.

[16:01] A flat fee system gives the property manager an agreed upon percentage of any money that comes in.

[21:30] These 4 options for property management should be available to every property owner.

[26:52] Property management companies need to change their business model to provide a hybrid option.

[31:21] Let your property management company know that you are an educated and aware investor.

[33:48] Muthiah shares his future investment plans and his retirement objectives.  

Mentioned in This Episode:

Jason Hartman


Jason talks with Harvey Mackay author of the New York Times #1 bestsellers Swim With The Sharks Without Being Eaten Alive and Beware the Naked Man Who Offers You His Shirt. Both books are among the top 15 inspirational business books of all time, according to the New York Times. In total, Harvey’s books have sold 10 million copies worldwide, been translated into 37 languages and sold in 80 countries.

Harvey is a nationally syndicated columnist for United Feature Syndicate, whose weekly articles appear in 52 newspapers around the country, including the Chicago Sun Times, Rocky Mountain News, Orange County Register, Minneapolis Star Tribune and Arizona Republic. He also is one of America’s most popular and entertaining business speakers. Toastmasters International named him one of the top five speakers in the world. At age 26, he purchased a small, failing envelope company in 1959 which has grown to a $100 million business employing over 600 people. MackayMitchell Envelope Company is one of the nation’s major envelope manufacturers, producing 25 million envelopes a day. As chairman, Harvey’s philosophy is engrained in the company, beginning with its motto: Do what you love, love what you do and deliver more than you promise.

Direct download: CW_790_FBF.mp3
Category:general -- posted at: 12:39pm EDT

Jason kicks this episode off with a financing offer for investors who have reached their Fannie/Freddie financing limit or are looking for an alternative to high-fee hedge fund loans. And later during the interview, the Executive Chairman of the Ayn Rand Institute, Dr. Yaron Brooks offers up his in-depth look at President Obama’s and President’s Trump’s governing styles. Dr. Brooks is the author of the best-selling book Equal is Unfair: America’s Misguided Fight Against Income Equality. He believes deregulation, decreasing taxes and shrinking government spending are the corrects paths to make the US government serve the American people in the manner intended by our forefathers.

Key Takeaways:

[2:10] Jason offers a limited supply financing opportunity, you can’t refuse.

[8:20] Trump’s temporary immigration ban is upsetting tech executives.

[15:54] Investing in paper investments when inventory is limited.  

 

Dr. Yaron Brook Guest Interview:

[19:16] Ayn Rand understood our culture so well she was able to predict the financial future.   

[23:04] What does Dr. Yaron Brook think about Trump?

[32:19] The president should be massively deregulating the US economy and shrinking government spending.

[40:32] Ayn Rand believed Libertarians didn’t focus enough on individualism.

[42:21] Altruism is the idea that a person should live for the sake of other people.

[45:29] Dr. Brook believes technology is the true reason for the loss of manufacturing jobs in America.

Mentioned in This Episode:

Jason Hartman

Refi 'Til Ya Die!

Ayn Rand Institute

Yaron Brooks Podcast

Equal is Unfair: America’s Misguided Fight Against Income Equality


Jason kicks off this episode with a reminder about the support he and his team gives their clients and his thoughts about the Trump administration and the forthcoming inflation. Guest Chris Porter is the coauthor of Big Shifts Ahead and the Vice President and Chief Demographer at John Burns Real Estate Consulting. Chris explains how demographic issues affect the real estate market, the economy and business cycles.

Key Takeaways:

[1:42] Advocating for clients is what sets Jason and his team apart from other real estate groups.

[7:03] Jason only does business with top-shelf vendors.

[9:14] An upcoming Memphis property tour?

[11:53] The inflationary economy and the real estate market should do well under the Trump administration.

[17:35] Income property is a multi-dimensional asset.

 

Chris Porter Guest Interview:

[24:05] Chris dives into the new book Big Shifts Ahead: Demographic Clarity for Businesses.

[26:37] Chris lists the nicknames given to generations which were based on the shifts they ushered.

[35:10] A generation is more likely to act like their grandparents than their parents.

[36:06] The impending shadow demand on the housing market.

[38:25] Immigration has fueled one-third of the population growth in the U.S.

[40:41] John Burns Real Estate consulting estimated home ownership will fall below 61% over the next 10 years.

[44:07] Southern markets are offering incentives to businesses for relocation.

[45:42] Defining urban, suburban and rural communities.

[50:16] Surban - Bringing the best urban qualities to a traditional suburban environment.

Mentioned in This Episode:

Jason Hartman

John Burns Real Estate Consulting

Big Shifts Ahead


The lending regulations have changed drastically within the past two years, causing investors quite a headache when attempting to buy America’s most tax-favored investment, income properties….

Direct download: CW_787_FBF.mp3
Category:general -- posted at: 5:32pm EDT

Jason’s curiosity leads him down the path of celebrity net worth. The numbers he uncovers are not what you might think. And, during the guest interview, David Pogue shares simple life hacks for making money in the sharing economy and how to get free stuff. David is the founder of Yahoo Tech, a technology columnist and correspondent for Scientific American and CBS Sunday News morning. He is the former tech columnist for the New York Times and the host of PBS’s NOVA. David is a four-time Emmy winner, a two-time Webby award winner and author of several books including his new release, Pogue’s Basics: Money.

Key Takeaways:

[4:38] How much are they worth? Looking at the income versus net worth of the rich and famous.  

 

David Pogue Guest Interview:

[16:42] David Pogue describes the Pogue book series.

[18:38] Pogue’s Basics: Money is basically a book of financial life hacks.

[22:40] The psychology of money.

[28:00] The sharing economy is changing lives.

[32:14] The Internet of Things is not winning over the market.

[35:50] The Consumer Electronics Show will feature wearable medical trackers and voice controlled apps.

[39:30] Apple has recently put its best foot forward in voice-controlled tech.

[41:08] David Pogue is busy writing his new books.

Mentioned in This Episode:

Jason Hartman

Creating Wealth #784 - Packaged Commodities

Holistic Survival Show

Celebrity Net Worth

David Pogue

@pogue - David Pogue on Twitter

Yahoo Tech


During today’s episode, Jason shares his appreciation for the ability to self-manage rental properties and the disintermediation of single family home sales. The Chief Product Officer for Key Please, Adam Lorentzen joins Jason to describe the sought after service of landlord free, self-showings of rental properties. The Key Please business model focuses on automating the self-management process for owners as well as making the process as easy as possible for renters.  

Key Takeaways:

[1:34] Self-managing a property from a distance is possible.

[4:16] Wall Street Journal article “Blackstone Wins Fannie’s Backing for Rental Home Debt”.

[7:20] President Trump has a lot of energy and will be good for the American economy.

[11:21] We will soon see the easing of landlord problems.

 

Adam Lorentzen Guest Interview

[16:05] Key Please helps owners automatically self-manage their properties with 3 tools.

[21:33] Adam is surprised by the number of users embracing the Key Please service.

[23:42] Adam describes the process for the renter and the property owner.

[29:10] The simple hardware has a deeper level of security than wifi or cell-based systems.

[31:56] People who view the properties can provide anonymous feedback.

[33:20] This service is for property owners who want flexibility in how they manage their properties.

[36:51] Key Please wants to assist small property owners and renters in the near future.

Mentioned in This Episode:

Jason Hartman

Key Please


Platinum Investment Counselor, Sara, brought a client into Jason’s office today and one of those occasional, casual and impromptu shows was born. If you want to hear it from the client’s mouth to your ears, this show is for you. Learn from a short discussion on global trade, container shipping, Packaged Commodities Investing™ and what a “free lunch” can mean to your income property. Yes, our client David Porter introduces the “free lunch” metric to help evaluate investment property.

On the next show, Jason discusses business success and the law of attraction with One Coach Founder, author and star of global best-seller “The Secret” – John Assaraf. Happy Investing!

Direct download: CW_784_FBF.mp3
Category:general -- posted at: 5:30pm EDT

Jason’s guest, Patrick Donohoe is the CEO of Paradigm Life. Paradigm Life is an insurance-based financial services company. Patrick shares his thoughts on the recent political changes and how the U.S. economy will be affected, he shares his thoughts on the new administration with a high-level worldview and he recalls his recent experience at the Meet the Masters of Income Property event in California.

Key Takeaways:

[3:05] The caliber of people at the Meet the Masters of Income Property event was a high point.

[5:52] Foxconn will bring manufacturing back to the U.S. due to Trump’s business savvy.

[12:28] Patrick doesn’t believe charity to foreign nations is in the best interest of the U.S.

[16:23] It will be fascinating to see how Trump deals with the past, present and future.

[20:49] Trump will inject adrenaline into the U.S. economy.

[23:50] Paradigm Life is an insurance-based financial services company.

[28:18] A stock market rally is a short-lived business cycle.

[30:51] Patrick describes how he makes the right investment and performs due diligence when acquiring properties.

Mentioned in This Episode:

Jason Hartman

Venture Alliance

Paradigm Life


Jason welcomes entrepreneur Michael Quarles to discuss the new Trump administration and the U.S. economy. The first real estate president will have an effect on real estate investors, interest rates, tax brackets and the amount of extra cash we all have in our pockets but to what extent? Michael and Jason speak of the good old days of simple interest rates, small government and inaugural speeches of the past.

 

Key Takeaways:

[1:33] The lesser of two evils took office and his inaugural speech mirrored the famous speeches of the past.

[6:21] The idea that government should be less powerful and people should be more powerful started back with the Magna Carta.

[8:36] Will the Trump administration be good for real estate investors?

[9:56] Higher wages translate into higher real estate prices and stable tenants.

[13:35] A mortgage locks you into a rate for 3 decades!

[15:24] The Meet the Masters Event stressed Jason out a bit.

 

Michael Quarles Guest Interview:

[19:39] Michael believes the tax bracket will go down allowing him to invest more under the Trump administration.

[24:11] Whether it is passive income or ‘wholetaler’, an entrepreneurial mindset is the key to success.

[26:57] Will average consumers have more money in their pockets when interest rates rise and tax rates lower?

[29:47] Rents are climbing higher than a mortgage payment in larger markets.

[31:02] The Yellow Letter Business is exclusively real estate focused.

[35:39] Professional real estate investors aren’t afraid of risk.

[38:01] Michael Quarles is excited about what the future holds.

[42:13] If you think you can, you are right.  

Mentioned in This Episode:

Jason Hartman

Michael Quarles

Direct download: CW_782_Michael_Quarles.mp3
Category:general -- posted at: 12:00pm EDT