In this Flashback Friday episode, Jason Hartman shares how to handle late rent and eviction for long-distance self-managed properties. Then, Jason and his mom talk about their road trip through several markets, including Cleveland, Cincinnati, Columbus, Nashville, Birmingham, and Dallas. They also discuss minimalist management philosophy in creating bulletproof rental properties.
Announcer 0:00
Welcome to this week’s edition of flashback Friday, your opportunity to get some good review by listening to episodes from the past that Jason has hand picked to help you today in the present, and propel you into the future. Enjoy.
Announcer 0:16
Welcome to creating wealth with Jason Hartman. During this program, Jason is going to tell you some really exciting things that you probably haven’t thought of before and a new slant on investing fresh new approaches to America’s best investment that will enable you to create more wealth and happiness than you ever thought possible. Jason is a genuine self made multi millionaire who not only talks the talk, but walks the walk. He’s been a successful investor for 20 years and currently owns properties in 11 states and 17 cities, this program will help you follow in Jason’s footsteps on the road to financial freedom, you really can do it. And now here’s your host, Jason Hartman with the complete solution for real estate investors.
Jason Hartman 1:05
Welcome to the creating wealth show. This is your host, Jason Hartman. And this is episode number 389. Thanks so much for joining me today, I kind of feel like I haven’t been with you in a while, at least not directly in that we’ve played a lot of interviews with guests and so forth, but not that many where I’ve just kind of been talking to you. So I’m really glad to just be talking to you today and going over a bunch of issues. And I’m actually on the way to the airport. I’m here in the south in beautiful Gulf Shores, Alabama, and mom is with me, she’s taking me to the airport. The first thing I wanted to say is, since I announced my mom’s medical condition on the show several weeks back, thank you so much to all of you, I guess we’ve got a lot of doctors in the audience. So we really appreciate the calls and the emails and the advice we got from you. So thank you very much for that. And I’ll give you a little update as to what has happened since then. Here’s Mom, mom saying hello.
Jason’s mom 1:54
Hi, everyone. I just want to say thank you also for all of the concern that Jason’s audience seem to show about my carotid artery operation. And just want to let you all know that everything turned out terrifically Well, at the Cleveland Clinic, that is just a class place to go. If you have everything anything wrong.
Jason Hartman 2:18
Good stuff, I would totally agree. The Cleveland Clinic is an incredible operation. I was very impressed. So with all of that, you know, real estate is kind of in our DNA. What happened is I actually flew to Cleveland to meet my mom there. And she drove up there. And well, I was in Cleveland, we were there for about a week with her recovery and so forth from the surgery that went very well, as you just heard, and I met with our Cleveland, local market specialist who actually is one that we’ve been working with for quite a while in another market. He formed an alliance with a group up in Cleveland, and I met with him and I looked at their properties. And I got to say, I did not think I would like Cleveland very much. We have shied away from a lot of the previously blighted markets. We’re still shying away from the real blighted ones like Detroit. But you know, I was pleasantly impressed with Cleveland, I really was It was amazing. Now, I was impressed with all of the extensive downtown redevelopment projects, I was impressed with the properties and the cash flow on those properties. I was impressed with the rehab again, we’re working in Cleveland with the same provider we’ve been working with for many, many years in another market. So you’ll hear more about that. And you’ll hear more about his partner in the Cleveland market that’s doing the direct business more on that to come. I did shoot some video, and I’ll share that with you on our YouTube channel. And maybe we’ll even play the audio track from some of that video, we might even do it on this podcast time permitting, because one of those audio tracks is really just a conversation while the other videos are looking at properties. And so the visual helps, but for the conversation, we can probably just play the audio part of that video on the podcast here today. And then mom and I after looking at Cleveland, Oh, Mom, you got to share the funniest thing. And I was very concerned about you, you know, during the surgery as I was pacing around the waiting room and so forth there at the Cleveland Clinic, but I knew you were okay. When you were in the intensive care unit. And you demanded your iPhone. And what were you doing on your iPhone? I actually took a funny picture of you. Why don’t you talk about that?
Jason’s mom 4:22
Well, I had the operation the second or third day of the month.
Jason Hartman 4:26
It was the second it was July 2.
Jason’s mom 4:27
Okay, it was July 2. Anyway, you know, the rents are supposed to be in my bank account on the first day of the month. So I was simply calling those that I didn’t think had paid yet that weren’t registered in my bank to pay the rent immediately.
Jason H