Cut Costs & Take Charge: The Revolutionary Solution For Landlords w/Tiffany Mittal

02/22/24 • 44 min

Managing properties, rentals and tenants can be a constant headache for investors. The tough reality many landlords face is having to deal with the consequences of tenants who don't uphold their end of the agreement.

Utilities alone can be the third largest expense for apartment owners, and relying on service providers to handle billing can lead to delayed cycles, reimbursement hassles, and poor service in general.

Is there a solution to change all of this? Can we take control of billing our tenants ourselves? Can it reduce costs and increase efficiency in the process?

In this episode, I’m joined by CEO and Founder at Utility Ranger, and multi-family investor and utilities guru, Tiffany Mittal. She talks about how her company allows us to easily bill our residents for utilities and other fees. We also talk about how doing it ourselves can save us time and money.

Institutional investors have had all the control in the market, and it’s about time the smaller investors get the same advantage the big guys have had for years. -Tiffany Mittal

Three Things You’ll Learn In This Episode

-Understanding Proptech

How does it help with property operations?

-Solving our own problems

If solutions created by others don’t work for us, should we look into creating our own solutions?

-The danger of going it alone

It’s impossible to do it all by ourselves. How do we find the right people who bring what we need to the table?

Guest Bio:

Tiffany Mittal is a highly accomplished figure in the real estate domain, with a diverse background as a multi-family owner, investor, and successful entrepreneur. Over the course of 13 years, she has thrived as an owner-operator of multi-family apartments and made significant contributions to the property technology (Proptech) landscape.

Find Tiffany on LinkedIn @Tiffany Mittal

Follow Tiffany on Instagram @tiffanymittal

Check out Utility Ranger here!

Is there a solution to change all of this? Can we take control of billing our tenants ourselves? Can it reduce costs and increase efficiency in the process?

Institutional investors have had all the control in the market, and it’s about time the smaller investors get the same advantage the big guys have had for years. -Tiffany Mittal

Three Things You’ll Learn In This Episode

-Understanding Proptech

How does it help with property operations?

-Solving our own problems

If solutions created by others don’t work for us, should we look into creating our own solutions?

-The danger of going it alone

It’s impossible to do it all by ourselves. How do we find the right people who bring what we need to the table?

Guest Bio:

Find Tiffany on LinkedIn @Tiffany Mittal

Follow Tiffany on Instagram @tiffanymittal

Check out Utility Ranger here!

Previous Episode

Success, Failure, and the Wealth Connection: Unearthing the Strangest Secret

They say the path to success is riddled with risks. You could fail, you could be ridiculed and rejected, you could lose your sense of security, you could lose everything.

The bigger risk and path to definite failure is not taking a risk at all. The people who conform will never get on the path to success, but the people who bet on themselves and their worthy ideas will succeed.

How do you make sure you’re in the ranks of people who have changed the world? How do you deal with the inevitable doubt and ridicule your worthy idea will get?

In this episode, our 250th episode, I talk about what it takes to be in the 2% of people who get the lives they want.

The real risk-takers are the ones who take the least amount of risk. -Chris Naugle

Three Things You’ll Learn In This Episode

-The biggest risk of all

Why is seeking security the death knell of success?

-To be great is to be misunderstood

From the steamboat to the telephone, everyone who had a worthy idea had haters. How do you keep going anyway?

-If you put the man back together, the world takes shape

How do you create a vision of your perfect day and then make it your reality?

Next Episode

Real Estate Reckoning: Rate Increases, Inflation & The Threat to the Housing Factor w/Neal Bawa

In today's economy, there's a glaring divergence between multi-family and single-family. Unsurprisingly this has added another significant challenge for homeowners and investors alike. You can’t help but question the stability and future prospects of real estate.

With ridiculously high inflation rates in 2024, the situation has become even more dire. It has pushed many individuals and families to the brink of financial instability.

How do we navigate these turbulent economic waters in 2024? What does the stock market predict? What do rate increases mean for us?

In this episode, technologist, data scientist and CEO of UGro, Grocapitus & MultifamilyU Neal Bawa, joins me to talk about inflation post-covid, and the dichotomy between multi-family and single family homes. We also talk about what happens when there is a hint of recession and the predictability of the stock market.

The economy was more resilient than anybody gave it credit for. -Neal Bawa

Three Things You’ll Learn In This Episode

-Base assumptions

Can this mess with our cash flow and profit projections?

-Unemployment on the horizon

What is expected around the unemployment rate in the USA and what does this mean for us?

-Recession without inflation

Is inflation a necessary evil to stabilize our economy?

Guest Bio:

Neal Bawa is a technologist who is universally known in the real estate circles as the Mad Scientist of Multifamily. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, a process freak, and an outsourcing expert. Neal treats his $1 billion-dollar multifamily portfolio as an ongoing experiment in efficiency and optimization. The Mad Scientist lives by two mantras. His first mantra is, “We can only manage what we can measure”. His second mantra is that, “Data beats gut feel by a million miles“. These mantras and a dozen other disruptive beliefs drive profit for his 700+ investors.

Visit https://grocapitus.com/

Visit https://mission10k.com/

Find Neal on LinkedIn @Neal Bawa

Follow Neal on Instagram @nealbawa