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Unavailable#620 - The Bettering of Property Managers
Currently unavailable

#620 - The Bettering of Property Managers

FromReal Wealth Show: Real Estate Investing Podcast


Currently unavailable

#620 - The Bettering of Property Managers

FromReal Wealth Show: Real Estate Investing Podcast

ratings:
Length:
30 minutes
Released:
Mar 13, 2018
Format:
Podcast episode

Description

The 2008 housing crisis turned a lot of homeowners into renters, and therefore turned a lot of investors into landlords. This created a surge in the need for property management - especially once the Wall Street hedge funds created a new asset class and started actively and aggressively buying single family homes for rentals. Real estate agents jumped in to help solve the problem so that they could sell more rental properties. This took the number of property managers from about 40,000 to 72,000. Most were amateurs with no real business experience. Many of us landlords know the pain of that time. At Real Wealth Network, we saw many mom and pop property management shops implode, as they didn't know how to scale or grow or create systems. Thankfully, the industry  has shifted a lot since then, thanks to new software programs, systems and franchises that help small business owners plug into something bigger so they can get the help they need. Many companies are becoming far more professional and standardized than ever in U.S. history.  Our guest today has had a lot to do with that. Bob Pifke was a Senior Vice President at Visa USA, where he was instrumental in growing the VISA debit card business from $25 billion to over $500 billion in less than 10 years. When he learned that only 20% of property owners use a professional property manager, he became intrigued.  He jumped ship to become the CMO of Real Property Management, where he could be instrumental in boosting this under-served market.  As CMO, one of Bob's jobs has been to forecast what landlords can expect in the coming year. Last year, his predictions were 90% accurate.  This year he has 5 predictions, which he will share with us here on the Real Wealth show. Will rental property investors have a harder time finding deals?  Will financing costs continue to rise?  Will rents continue to rise? Will vacancies decline? Will more investors dive into the rental business? Get the full interview at: www.RealWealthShow.com  
Released:
Mar 13, 2018
Format:
Podcast episode

Titles in the series (100)

Smart real estate investing will give you the time and the money to live life on your own terms! We call that real wealth. Host Kathy Fettke is Co-CEO of Real Wealth Network and author of the best selling “Retire Rich with Rentals.” She launched this podcast in 2003 to share her own secrets and those of top experts in the real estate investing field. She along with guests like Robert Kiyosaki, Loral Langemeier, Peter Schiff, Doug Duncan, John Burns, Bruce Norris and other rising real estate stars offer insights on the creation of passive income through real estate, and how to avoid costly mistakes. Learn how to build a portfolio outside the stock market with buy-and-hold strategies, single-family rentals, multi-family properties, syndicated deals, self-directed IRAs and 401ks, the highly-revered 1031 exchange, private money lending, creative financing, and much more!