22: How To Interview A Property Manager with Jay Hartley & Mad Money w/ Jim Cramer
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 13 March 2015
⏱️ 47 minutes
🧾️ Download transcript
Summary
#22: Jay Hartley, Director Of Investments at Classic Property Management in Arlington, TX acquires, leases, and manages property in the Dallas-Fort Worth (DFW) metro.
They’re often newer-built brick single-family rental homes.
Listen to this week’s show and learn:
03:14 Why Keith lives in Anchorage, Alaska.
06:03 Comparing Memphis, TN and Dallas-Fort Worth, TX real estate investor markets.
08:12 A quick determination of how a property can provide you with monthly cash flow.
13:44 DFW’s “sweet spot” for investment properties is between $130,000 and $170,000.
15:26 How Jay advises you about higher Texas property taxes.
18:15 The character of your tenant and occupancy rate in this market.
27:35 Property Manager interview role-play with Jay Hartley.
32:54 How Classic Property Management screens tenants.
38:26 Classic’s fee structure, monthly reporting, and how they pay you your cash flow.
41:20 Jay wants to interview prospective investors to see if they’re a good fit for Classic.
42:04 Bonus: Listeners continue to be a “fly on the wall” even after the mock interview as Keith & Jay chat off-the-cuff.
Resources mentioned:
Jay Hartley direct: [email protected] or (817) 640-2064 ext. 1212
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Transcript
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| 0:00.0 | Get Rich Education is brought to you by Audible, more than 150,000 audiobooks to choose from for your mobile device. |
| 0:09.0 | Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires than anything else, |
| 0:22.4 | and can provide you with more wealth and happiness than you ever thought possible. |
| 0:27.4 | Now, here's your host, investor, entrepreneur, business owner and educator, Keith Weinhold. |
| 0:38.7 | Welcome to Get Rich Education Show 22. |
| 0:42.2 | I'm your host, Keith Weinhold. |
| 0:44.4 | I'm grateful that you're here, |
| 0:46.2 | and I hope that you had a nice week. |
| 0:48.3 | With listeners in 102 countries, |
| 0:50.9 | it's the show where I famously help you learn |
| 0:53.5 | how to make money follow you. |
| 0:56.3 | Rather than you following money, like one does, if all their income is derived from a work-a-day job. |
| 1:04.0 | You know, I think I told you last week that my wife is visiting family in Asia now. |
| 1:09.4 | That's left me home alone. She's Filipino and apparently I've |
| 1:14.8 | gotten very dependent on Rosanelle doing all of the healthy cooking for me. Rosanelle does all the |
| 1:20.4 | grocery shopping for us while she's here too. So it's just not quite worth me going to the supermarket |
| 1:27.4 | to figure out that whole process of where |
| 1:29.8 | things are located on shells if I only need to do it once before she gets home. It's just making for a |
| 1:36.1 | tough week on my diet here, but I'm going to make it. The other night I got subway takeout. Two nights |
| 1:43.1 | ago, another family had me over for dinner but last |
| 1:46.6 | night I was home alone for dinner again and my dinner was almonds okay hey well we don't talk about |
| 1:53.9 | food very much on this show but three essential human needs are food shelter and safety |
... |
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