22: How To Interview A Property Manager with Jay Hartley & Mad Money w/ Jim Cramer
Get Rich Education · Keith Weinhold
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Show Notes
#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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