22: How To Interview A Property Manager with Jay Hartley & Mad Money w/ Jim Cramer

#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: www.ClassicPM.com Jay Hartley direct: [email protected] or (817) 640-2064 ext. 1212 www.Narpm.org www.Realtor.org www.TexasRealEstate.com Get a free audiobook & 30-day free trial at AudibleTrial.com/GetRichEducation Join the Facebook Page at Facebook.com/GetRichEducation Now on Twitter! Follow us: @GetRichEd

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This episode was published on March 13, 2015.

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