1421 FBF: Using Tenants as Assets, Self-Management Tips & Looking For Recession

Today’s Flash Back Friday comes from Episode 1197, originally published May 20, 2019

Jason Hartman and Kerry take today to look at some of the signs in our economy today that don’t point toward a rosy future. But don’t take that to mean the sky’s falling and we’re headed for a doomsday scenario, we’ve still got some runway left.

The two also discuss how self-management can show you things that you wouldn’t have known just sticking with a property manager. You don’t HAVE to self-manage, but it’s important to know how to self-manage so you don’t get taken advantage of by your current manager.

Key Takeaways:

[2:39] There are ominous signs out there for the economy, so we’ll see how much longer it can hold them off

[5:47] For the first time in a long time, Kerry is bullish on the New York real estate

[13:13] Where will the next recession come from?

[17:05] There’s an urgency that you need to do something now rather than waiting around

[21:04] Why Kerry thinks Indiana has been the longest running market for Jason’s company

[25:19] Utilize your tenants as your assets

[30:51] If you choose to self-manage, remember to track ALL of your expenses

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