Jason welcomes fellow investor and client Gary Pinkerton back to the show. Gary describes his experiences with tenant turnover, how he reduces costs by using durable replacement materials and some preventative measures he uses to ensure tenants are satisfied in his properties. Gary and Jason also discuss the benefits of two-year leases with built-in rent increases and how immersing yourself in the investor culture (by attending Venture Alliance and JHU’s) can make you the best investor you can be.
Visit JasonHartman.com to sign up for July’s Oklahoma Property Tour and Jason Hartman University event and join the Venture Alliance to attend the upcoming Mastermind in Chicago.
Let your tenant know their rent will be increasing each year when they sign their two-year lease.Click to tweet
[02:08] Free market economics makes America is the land of abundance.
[06:30] How to reduce “tenant turn” without spending a lot of money with Gary Pinkerton.
[12:32] Two-year leases with built in rent increases.
[14:27] Management companies commonly keep late fees much like a payday loan business.
[20:09] How to minimize the cost of tenant turnover and make your property durable.
[27:11] A service like Home Advisor is an inexpensive way to self-manage.
[34:45] Gary will attend the Venture Alliance in Mastermind in Chicago and JHU and Property tour in Oklahoma.
You must have an alignment of interest between you, your tenant and your property management.Click to tweet
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