Jason Hartman and Adam start today’s show with some more details about the exciting (and potentially very lucrative) contest that’s going on called The Empowered Investor. You could potentially win a $3,000 cruise allowance and 2 tickets to Profits in Paradise!
Then Jason plays a clip from Frank Gallinelli where Frank explores two things that real estate investors need to understand, even if you don’t use them every day: Net Operating Income and Capitalization Rates.
Finally Jason talks with Ray Hespen, co-founder and CEO of Property Meld, about how property owners can proactively close the problem areas that tenants and landlords have in order to retain the tenants longer. Learn how tenants like to be contacted in today’s age, why they leave, and how Ray’s software may be able to help you.
[2:46] How to enter the Empowered Investor challenge and win free tickets to Profits in Paradise
[5:55] Deadline for submissions is midnight EST, Monday September 23, 2019
[7:35] Frank Gallinelli presentation on Net Operating Income and Capitalization Rates
Ray Hespen Interview:
[21:33] What issues does Property Meld address to help the tenant?
[23:27] Around 1/3 of all non-renewals are due to poor maintenance experiences
[29:02] The strongest correlation between maintenance requests and renewals is speed, hands down
[31:35] Renters nowadays want to be texted, not called