CW 963 - Evictions, Rent Collection, & Lease Guarantee with American Apartment Owners Association Rent Recovery Service Jeff Cronrod, Part 1
02/21/18 • 34 min
There's a disease infecting millions of Americans, but few people are addressing it. That disease? The entitlement disease. Jason Hartman looks at the symptoms of the disease, and how a simple change in viewpoints can bring a person out of that spiral.
Then Jason talks with Jeff Cronrod, founder of the American Apartment Owner Association & founder of Rent Recovery Service, about his new program called Lease Guarantee, and how landlords need to take a more aggressive approach toward tenants who don't pay.
Key Takeaways:
[4:39] The dangers of the entitlement disease
[8:14] When you take all the advantages of real estate for a few years, it's hard to unwind
[13:30] What happens when you view your life like you're the source
[19:09] The simple key to success in business
Jeff Cronrod Interview:
[22:02] What is Lease Guarantee?
[24:18] How much does the Lease Guarantee cost and what exactly does it cover?
[28:32] The steps you have to go through when a tenant misses their rent payment
[31:40] What judgement do you need to get for Lease Guarantee to pay out?
Website:
There's a disease infecting millions of Americans, but few people are addressing it. That disease? The entitlement disease. Jason Hartman looks at the symptoms of the disease, and how a simple change in viewpoints can bring a person out of that spiral.
Then Jason talks with Jeff Cronrod, founder of the American Apartment Owner Association & founder of Rent Recovery Service, about his new program called Lease Guarantee, and how landlords need to take a more aggressive approach toward tenants who don't pay.
Key Takeaways:
[4:39] The dangers of the entitlement disease
[8:14] When you take all the advantages of real estate for a few years, it's hard to unwind
[13:30] What happens when you view your life like you're the source
[19:09] The simple key to success in business
Jeff Cronrod Interview:
[22:02] What is Lease Guarantee?
[24:18] How much does the Lease Guarantee cost and what exactly does it cover?
[28:32] The steps you have to go through when a tenant misses their rent payment
[31:40] What judgement do you need to get for Lease Guarantee to pay out?
Website:
Previous Episode
CW 962 - The Barbell Crushing Affordable Homes & Dealing with Property Managers, Part 2 of Client Case Study with Scott
Jason Hartman kicks off the show talking about an important topic in rental property today, and that is the lack of affordable homes. Supply is dropping across the nation and there aren't a whole lot of options for what to do about it. Listen in for Jason's piece of advice.
Then Jason wraps up his client case study with Scott. Scott and Jason finished the last episode talking about how Scott wouldn't have been able to find all the properties he needed to complete his 1031 exchange without Jason's group. They pick up the thread today and then go into why Scott's dad couldn't make residential real estate work, and property manager experiences and differences in office space vs residential property management.
Key Takeaways:
Jason Intro:
[2:46] The barbell that is crushing the supply of affordable homes
[6:56] The millennials make up one side of the barbell, but the Baby Boomers on the other side are doing something new and it's causing a disruption
[9:38] How bad is the inventory level? Pretty bad, and Jason has some market examples to prove it
[13:36] One of the solutions to this inventory shortage is get what you can get and hope the market calms down
Scott Client Case Study, Part 2
[21:14] Why Scott's dad wasn't able to make residential real estate work when he tried decades ago
[23:51] Scott's experience with the property managers in Jason's network
[28:25] The difference in self-management in office space versus residential
Websites:
Next Episode
CW 964 - Indianapolis Market, Property Management Best Practices & Tenant Screening with American Apartment Owners Association Rent Recovery Service Jeff Cronrod, Part 2
Jason Hartman kicks off today's episode with some big cryptocurrency news out of Venezuela and Poland this week that show both strength and weakness for the market, plus producer Adam interviews one of the Indianapolis Local Market Specialists about what makes Indy a good place to invest.
Then Jason finishes up his interview with Jeff Cronrod. This time they focus on best practices for property management and how to properly (and legally) screen tenants.
Key Takeaways:
[2:07] There's better ethics involved in taking the long term approach
[7:07] Poland's Central Bank paid YouTubers to slander cryptocurrencies
[9:08] Venezuela's massive oil based cryptocurrency
[10:21] Indianapolis Market Profile from a Local Market Specialist
Jeff Cronrod Interview, Part 2:
[20:02] Jeff's property management best practices, and proper tenant screening
[24:18] What sort of reports are available for landlords?
Website:
www.JasonHartman.com/Properties
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