919: Q&A: How Can I Manage My Properties From a Distance? - Episode 919
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 6 February 2023
⏱️ 18 minutes
🧾️ Download transcript
Summary
- Tips for managing your rental properties from far away.
- What to consider about leasing vs. buying a commercial space.
- How to decide if you should pay off your mortgage.
For most investors, managing your properties from out of state or even internationally will not be a concern. You should work with a great team that has systems in place. I'd recommend working with a property management company that uses a solid software. This will allow you to see maintenance requests, payments, leases, etc. You can also schedule monthly check-ins with your property management team to ensure everything is running smoothly while you're away.
Transcript
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| 0:00.0 | Oh, the money is about to start flowing again into the economy, into the banks, all of that free money, all of that fake printed money from the Federal Reserve. |
| 0:14.3 | Last week of course the Fed Chair Jerome Pal |
| 0:17.4 | raising interest rates less than one people who thought they were actually |
| 0:20.5 | going to raise them because we have better than expected |
| 0:22.6 | CPI numbers over the past few months. So there's a lot of excitement. You |
| 0:26.3 | see Wall Street numbers increasing. You see stocks bouncing back. You see some |
| 0:30.0 | excitement on Wall Street because they know that free money is starting to flow again. |
| 0:34.4 | So get ready, as we said, heading into an election season, we are going to see more money |
| 0:40.0 | flowing. |
| 0:41.0 | And that's not good. |
| 0:42.0 | That means further devaluing the basing of the US dollar. We could expect |
| 0:46.0 | gold, silver, and of course real estate to come back in force this year. The demand is still there of course for real estate. We need multiple |
| 0:54.4 | millions of units in order to fulfill that demand requirement but we don't have |
| 0:59.2 | the supply. So those are some broader things that we're watching in the economy. |
| 1:04.0 | There's some excitement on Wall Street. |
| 1:06.0 | You've got some better than expected |
| 1:07.5 | CPI numbers, consumer numbers. |
| 1:09.3 | That's fine. |
| 1:10.9 | But the broader economic issues are still there the massive amount of death that the United States is sitting on |
| 1:17.6 | Borrowing money from China in order to pay Social Security benefits and now the printing of money is starting again the |
| 1:24.3 | quantitative easing is beginning in earnest once again as we head into election |
| 1:28.6 | season so don't fall for this like false sense of security. That is the huge mistake that people make. So these |
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