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DGS 135: The Power of Technology for Real Estate Professionals with BetterCapital
Description
Do you want to become a better investor? Appreciate and understand property managers—the unsung heroes that make better tenants and owners. Good property managers can change the world.
Today's guest is Bobby Sharma from BetterCapital, a portfolio measurement and management tool for real estate investors. Bobby started his real estate career in Riverside, California, and his first foray into real estate was through house hacking.
You'll Learn...[02:14] House Hacking: Buy a house, but get roommates to pay most of your mortgage.
[03:58] Bobby's Background: Software developer that wanted to be in Silicon Valley.
[04:47] 2010 Market Collapse: Bobby bought some homes that needed some work.
[05:03] Meetup Group: Bobby started a real estate meetup group in the East Bay Area.
[05:40] Becoming a landlord, buying out of state, and working with property managers.
[06:18] BetterCapital: Management/measurement portfolio tool for real estate investors.
[07:47] Measurement: Tracks deposits, loan balances, ROI, and equity growth.
[09:00] Management: Stores documents, adds reminders, and runs math formulas.
[09:53] Real Estate Results: One of the best ways to invest, grow wealth, plan for future.
[10:35] Preferential Partners: Property managers/realtors project property performance.
[15:00] API/bank integration? Scrape data into systems or pool data w/API connection.
[19:41] Three Ts: Tracking, training, and transaction.
[24:13] Education: Property managers should explain challenges to investors.
[25:48] Property Managers: Unsung heroes that make better tenants and owners.
Tweetables"I love my property managers. Without them, I wouldn't be successful. I totally get the importance of property management."
"We want people to see how much wealth they have created, or how much equity they've created because we want to encourage them to purchase real estate assets."
"If you look at it across a long period of time, it turns out that it's one of the best ways to invest, to grow your wealth, and to plan for your future."
"We want to provide education to make them a better investor. They will appreciate the role of the property manager a little bit more."
Resources TranscriptJason: Welcome, DoorGrow Hackers, to the DoorGrow Show. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you are interested in growing your business and life, and you are open to doing things a bit differently, then you are a DoorGrow Hacker.
DoorGrow Hackers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real e