Today’s Flash Back Friday comes from Episode 698, originally published in July 2016.
Today’s guest Shane Sauer is a Co-Founder of RentFax, a company which pairs real estate industry knowledge with technology tools to help investors analyze their income property investment risk. The goal is to find good, stable rental neighborhoods for long-term buy and hold investments. Shane shares the sources of the information RentFax uses to calculate their property scores and what other due diligence is necessary when buying income property.
[2:00] Business Insider Labor Market Article: Millennials grow up, increasing the US birth rate.
[8:39] Property analyzers are not the holy grail of real estate. Technology is only as smart as the input it receives.
[12:18] Phoenix, Arizona is the site of the next Creating Wealth event in September.
Shane Sauer Guest Interview:
[15:03] Rentfax reports scores rental properties on anticipated Risc (rental income stability composite), rent and vacancy rates.
[19:03] Does this software help real estate investors make the best investment decisions?
[24:13] Rentfax partnered with geospatial data experts to filter 100 different data points on potential properties.
[30:29] ROI is not only Return on Investment but also Return on Involvement or Effort to Earn.
[33:23] Using the average tenant’s duration as a measurement for vacancy rates.
[39:07] Rentfax doesn’t distinguish between Section 8 neighborhoods and Non-Section 8 neighborhoods.
[42:23] Real estate investors should educate themselves and aggregate information before buying.
Mentioned in This Episode: