Jason Hartman's The Speed of Money Podcast

Jason Hartman, author, host of The Speed of Money on KABC and Million Dollar Circle Platinum Award Winner, reveals how you can protect your wealth and secure your retirement.

  • 36 minutes 19 seconds
    30: How the Fed is FAILING You - with Joseph Brown, Founder of Heresy Financial

    What happens when the money supply is expanding more than ever, the government is more indebted than it's ever been and interest rates are at the lowest they've ever been? Find out with Jason Hartman and the founder of Heresy Financial, Joseph Brown as they discuss this and much more!

    We are seeing the largest monetary expansion in US history which has triggered some very high inflation numbers. The last two years have given the government an excuse to start monetizing a ton of government debt by printing money. This is a top down financing tool for redirecting purchasing power, instead of creating new purchasing power, and leads to a misallocation of resources due to the unlimited purchasing power at the top. This misallocation causes the destruction of wealth and will eventually lead to financial repression. And so, the question is not a matter of if the Federal Reserve will spark a crash, but the question is when and how much before they reverse course.

    Follow Joseph Brown, founder of Heresy Financial on Twitter: https://twitter.com/heresyfinancial?s=20

    Watch the video HERE.

    Key Takeaways:

    0:19 Welcome Joseph Brown, founder of Heresy Financial

    1:07 The Federal Reserve, tapering and rising interest rates

    3:15 Injecting cash into the repo market to prevent a systemic financial collapse

    4:10 Bureaucrat malevolence or incompetence?

    5:40 Quantitative easing infinity, monetizing government debt

    7:10 The Federal Reserve is under pressure to get inflation under control

    8:05 What will happen when the Fed raises interest rates in 2022?

    9:00 Not if, but when will the Fed spark an economic crash?

    9:21 Will investors still want to buy real estate with higher interest rates?

    12:10 Why the real estate market is different this time

    14:25 14:10 Every bailout costs more and more

    16:00 Long and short term interest rates and the yield curve

    18:15 Stimulus checks, universal basic income, and a central bank digital currency

    21:08 The Federal Reserve has become more political

    22:40 A central bank digital currency is complete financial repression

    24:00 Joe Brown's 2022 economic predictions

    25:35 Effects of hyperinflation

    28:04 People with the power will always make the decision that is most beneficial to them

    28:36 Debt-to-GDP ratio and monetized debt

    32:50 We have an inflationary monetary system

    34:15 Follow Joseph Brown on YouTube and Twitter at Heresy Financial

     

    Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/

    Learn More: JasonHartman.com

    Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals

    Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper

    Free Report on Pandemic Investing: PandemicInvesting.com

    Jason’s TV Clips in Vimeo

    Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect

    Special Offer from Ron LeGrand: JasonHartman.com/Ron

    What do Jason’s clients say? JasonHartmanTestimonials.com

    Contact our Investment Counselors at: www.JasonHartman.com

    Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos

    Guided Visualization for Investors: JasonHartman.com/visualization

    Jason’s videos in his other sites:

    JasonHartman.com/Rumble

    JasonHartman.com/Bitchute

    JasonHartman.com/Odysee

    Jason Hartman’s Extra YouTube Channel

    Jason Hartman’s Real Estate News and Technology (RENT) YouTube Channel

    17 July 2022, 5:00 pm
  • 46 minutes 37 seconds
    29: Economic Boom or Bust? - with Dr. Vikram Mansharamani

    Jason Hartman discusses today's economic boom or bust and real estate trends with a very special guest and absolute wealth of knowledge, Dr. Vikram Mansharamani. He talks about identifying bubbles in various markets, and whether or not real estate should continue to be a profitable play over the long run. Dr. Mansharamani gives his outlook on other asset classes, such as Bitcoin and precious metals and encourages you to take control of your financial decisions.

    "Dr. Vikram Mansharamani is a global trend-watcher who shows people how to anticipate the future, manage risk, and spot opportunities. He is the author of the recently-released THINK FOR YOURSELF: Restoring Common Sense in an Age of Experts and Artificial Intelligence and BOOMBUSTOLOGY: Spotting Financial Bubbles Before They Burst. He has been a frequent commentator on issues driving disruption in the global business environment. Vikram’s ideas and writings have also appeared in Bloomberg, Fortune, Forbes, The New York Times and a long list of other publications. LinkedIn twice listed him as their #1 Top Voice for Money, Finance and Global Economics and Worth has profiled him as one of the 100 most powerful people in global finance. Millions of readers have enjoyed his unique multi-lens approach to connecting seemingly irrelevant dots."

    Watch the video HERE.

    Key Takeaways:

    0:19 Welcome Dr. Vikram Mansharamani, global trend watcher, Harvard lecturer and author: his five lenses to help identify bubble territory and economic boom or bust

    5:24 Cultural dynamic and consensus herd behavior

    6:56 The million dollar question - are we in a bubble?

    9:46 Rise and fall of various asset classes, inflation and interest rates

    11:33 What about precious metals?

    14:28 Real estate markets and inversely directional interest rates

    16:48 Inflation vs deflation - technology is the most powerful deflationary force

    19:30 The world's largest economies all have aging demographics

    21:22 The role of immigration and technology in advancing societies and the long term demographic implications of social media

    24:11 Residential and other real estate segment risk through industry modernization

    26:18 Dr. Mansharamani's outlook on the stock market

    30:16 Passive investing bubble and index investing logic

    36:14 Retirement accounts are a ticking time bomb

    37:55 Labor market and shortages

    39:28 Bitcoin, boom or bust?

    43:49 In an age of technology and experts, we've stopped thinking for ourselves

    44:58 Read Dr. Mansharamani's articles at www.mansharamani.com

     

    Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/

    Learn More: JasonHartman.com

    Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals

    Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper

    Free Report on Pandemic Investing: PandemicInvesting.com

    Jason’s TV Clips in Vimeo

    Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect

    Special Offer from Ron LeGrand: JasonHartman.com/Ron

    What do Jason’s clients say? JasonHartmanTestimonials.com

    Contact our Investment Counselors at: www.JasonHartman.com

    Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos

    Guided Visualization for Investors: JasonHartman.com/visualization

    Jason’s videos in his other sites:

    JasonHartman.com/Rumble

    JasonHartman.com/Bitchute

    JasonHartman.com/Odysee

    Jason Hartman’s Extra YouTube Channel

    Jason Hartman’s Real Estate News and Technology (RENT) YouTube Channel

    3 July 2022, 1:44 pm
  • 39 minutes 8 seconds
    28: Bitcoin- Todays Digital Gold Standard with Robert Breedlove

    Jason Hartman welcomes Robert Breedlove, host of The "What Is Money" Show for a great discussion about fiat money, the gold standard, market manipulation, inflation and of course, Bitcoin - the digital gold and decentralized currency of the people. Bitcoin was released at a time when nothing like it existed. This "immaculate inception" of Bitcoin is essential to its decentralization and to its existence as the one asset in the world that is as Robert puts it, "immune to everyone's opinion."

    Watch the video HERE.

    Key Takeaways:

    • A government's main product is their currency
    • What is money?
    • The first economic surpluses, trade and division of labor
    • Specialization of labor, the gold standard as a measure of value and market price discovery
    • The United States rewrote the international banking order to suit its own interests
    • Check out wtfhappenedin1971.com, Bitcoin - fix the money, fix the world
    • Dr. Saifedean Ammous and The Bitcoin Standard
    • Time preference, value of money, inflation and interest rates
    • Misallocation of capital through currency debasement, distorted price signals and economic recessions
    • Money is a language, Bitcoin investing strategy
    • Bitcoin is an internet protocol, Bitcoin as digital gold
    • The threat of Bitcoin to governments and central banks
    • Could Bitcoin be made illegal?
    • The state is lashing out trying to reassert the validity of its borders through excessive action
    • Inflation and taxation to cover government debt
    • Bitcoin ideology and technology

     

    Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else http://JasonHartman.com/Fund

    Free Report on Pandemic Investing: https://www.PandemicInvesting.com

    Jason’s TV Clips: https://vimeo.com/549444172

    Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect

    Special Offer from Ron LeGrand:  https://JasonHartman.com/Ron

    What do Jason’s clients say?  http://JasonHartmanTestimonials.com

    Contact our Investment Counselors at: www.JasonHartman.com

    Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos

    Free white paper on the Hartman Comparison Index™

    Guided Visualization for Investors: JasonHartman.com/visualization

    Jason’s videos in his other sites:

    JasonHartman.com/Rumble

    JasonHartman.com/Bitchute

    JasonHartman.com/Odysee

    25 April 2022, 11:01 am
  • 27 minutes 55 seconds
    27: Russia’s War on Ukraine: Peter Zeihan & Russian New World Order, NATO, Economic & Agricultural Fallout

    Today, Jason welcomes geopolitical expert Peter Zeihan to the show today to discuss the ongoing war between Russia and Ukraine. 

    Peter discusses Putin’s motivations, Russia’s demographics and energy exports and if the response from the West will be enough to stop this conflict. What are the short and long term economic and agricultural implications of the Russian invasion? Peter and Jason discuss Russia’s army and nuclear weapons, NATO and America’s involvement. 

    All royalties from Peter’s book sales between March 1 – May 31 will go to Ukrainian charities to help with medical needs of the refugees and the people who decided to stay behind. www.Zeihan.com 

    Key Takeaways:

    • Three major thrusts in Russia’s war against Ukraine: Belarus, continuing attacks on Kiev, southern front
    • Partisan conflict guerrillas
    • Argument that Russia doesn’t want Ukraine in NATO doesn’t hold water
    • Putin’s endgame and will sanctions be effective? 
    • Can Russia afford this war? Russia’s current economic reality
    • Is Putin just a desperate tyrant who wants to leave a legacy? And will the US intervene directly?
    • Response from NATO; Russia is seeking a multi step expansion 
    • Most of the Russian soldiers are draftees
    • China and Taiwan conflict and the economic and agricultural implications: widespread famine
    • Oil and gas

     

    ABOUT PETER ZEIHAN:

    Peter Zeihan is a geopolitical strategist and the founder of the consulting firm Zeihan on Geopolitics. His new book is THE END OF THE WORLD IS JUST THE BEGINNING:

    Mapping the Collapse of Globalization (Harper Business; on-sale: June 14, 2022). His clients include energy corporations, financial institutions, business associations, agricultural interests, universities, and the U.S. military. He is the critically acclaimed author of The Accidental Superpower, The Absent Superpower, and Disunited Nations, which have been recommended by Mitt Romney, Fareed Zakaria, and Ian Bremmer. Peter is also a highly sought-after public speaker. He lives in Colorado. For more on Peter Zeihan, visit: https://zeihan.com/. Follow him on Twitter: @PeterZeihan

     

    The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year???  This will be devastating to some and an opportunity to others, be sure you’re on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets.

    Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos

    Free Mini-Book on Pandemic Investing: PandemicInvesting.com

    Jason’s TV Clips: Vimeo.com/549444172 

    CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect

    What do Jason’s clients say?: JasonHartmanTestimonials.com

    Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else:  JasonHartman.com/Fund

    Call our Investment Counselors at: 1-800-HARTMAN (US) or visit JasonHartman.com

    Free white paper on the Hartman Comparison Index™ 

    Guided Visualization for Investors: JasonHartman.com/visualization

    Jason’s videos in his other sites:

    JasonHartman.com/Rumble

    JasonHartman.com/Bitchute

    JasonHartman.com/Odysee

    28 March 2022, 5:00 pm
  • 38 minutes 13 seconds
    26: Dr. Peter McCullough, Mandates, Misinformation, Censorship & The Thought Police

    Join Jason today as he welcomes Dr. Peter McCullough, MD. Dr. McCullough has over 50 peer-reviewed papers and is an extremely credible person in the medical field.

    You can also watch the video NOT on YouTube (having been censored) but on Jason’s other video sites:

    JasonHartman.com/Rumble

    JasonHartman.com/Bitchute

    JasonHartman.com/Odysee

    After receiving a bachelor’s degree from Baylor University, Dr. McCullough completed his medical degree as an Alpha Omega Alpha graduate from the University of Texas Southwestern Medical School. He went on to complete his internal medicine residency at the University of Washington, cardiology fellowship including service as Chief Fellow at William Beaumont Hospital, and master’s degree in public health at the University of Michigan. Dr. McCullough is a practicing internist, cardiologist, epidemiologist in Dallas Texas and the Chief Medical Advisor of the Truth for Health Foundation.

    Listen in to hear another side of this whole pandemic/vaccine debacle and discover what you can do to protect your liberties!

    Follow Dr. Peter McCullough, MD at Twitter @P_McCulloughMD and listen to his podcast America Out Loud: The McCullough Report

    1:28 Who is Dr. McCullough

    3:33 Misinformation and censorship

    5:08 Booster concerns and the vaccine numbers tell the story

    6:28 Why the misinformation?

    6:58 Data, death and deception- is there any end in sight?

    9:11 What is truly important

    12:03 A collapsing house of cards

    13:50 Numbers are grossly under-reported

    18:18 Data: The vaccines are causing great harm

    21:33 World Council for Health and post vaccine issues

    24:16 Inflammation and post vaccine metrics

    26:41 Fertility side effects, tin foil hats and dating sites

    30:55 Fracturing of decisions- the wall begins to crumble

    34:19 Vaccines don’t work

     

    The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year???  This will be devastating to some and an opportunity to others, be sure you’re on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets.

    Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos

    Free Mini-Book on Pandemic Investing: PandemicInvesting.com

    Jason’s TV Clips: Vimeo.com/549444172 

    CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect

    What do Jason’s clients say?: JasonHartmanTestimonials.com

    Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else:  JasonHartman.com/Fund

    Call our Investment Counselors at: 1-800-HARTMAN (US) or visit JasonHartman.com

    Free white paper on the Hartman Comparison Index™ 

    Guided Visualization for Investors: JasonHartman.com/visualization

    Jason’s videos in his other sites:

    JasonHartman.com/Rumble

    JasonHartman.com/Bitchute

    JasonHartman.com/Odysee

    26 March 2022, 6:26 pm
  • 10 minutes 13 seconds
    George Gammon Speaking at Empowered Investor LIVE

    George Gammon Speaking at Empowered Investor LIVE

    ** LIVE ORLANDO CONFERENCE **

    Join us for Empowered Investor LIVE: https://www.EmpoweredInvestor.com

    26 August 2021, 7:11 pm
  • 2 minutes 55 seconds
    #25 - Investing is an Adventure – Treat it Like One

    Inspiration for successful investing is all around us, with lessons from nature about perseverance, dedication and patience offered by migrating birds, meandering streams and just about anything else that’s a part of the natural world. A recent piece on adventurer Alison Levine ppsted to CNN Money reveals how this world traveler applies lessons learned from taking on the challenges of the natural world to make some points about i investing success over the long term.

    Levine, who’s skied the North and South Poles and climbed the highest peaks on seven continents as part of the Adventure Grand Slam, shares lessons learned from those experiences in a new book called On the Edge: The Art of High Impact Leadership. As it turns out, investing may have more in common with those pulse pounding endeavors than you might have thought.

    Mountain climbers and other adventurers have to face fear — and so do investors taking risks in uncertain markets. But according to Levine, fear isn’t always a bad thing. It keeps you alert, on the watch for pitfalls that can be avoided, and it helps you avoid getting complacent and assuming all’s well. The key, for both wilderness trekkers and the investor who manages income properties forma home office is to understand what fear is for, and to use it to push forward, rather than getting paralyzed.

    How much pain can you stand? Under – or over – estimating your tolerance for discomfort and the amount of pain, physical or financial, you can accept in order to keep going is essential in any risk-taking endeavor, whether it’s buying properties or scaling a snow covered peak. Understanding how much discomfort and uncertainty you can tolerate can help you avoid iffy deals and manage money wisely.

    It’s also important, according to Levine, to redefine your notion of progress. In real-world adventuring, progress toward the goal may come in tiny steps, or a few steps in an entirely different direction. Or, “progress” may be made by simply stopping and getting enough rest to go on to the next stage of the journey. Thinking of progress as any actions that advance you toward the goal can help an investor, too, to set priorities and accept the setbacks that can stall any investing plan.

    Climbing Mt. Everest or trekking across the South Pole may be a more rugged outing than most investors would want to try. But lessons from a life of high adventure in the world’s harshest places echo recommendations Jason Hartman makes on his 10 Commandments for Real Estate Investing – a satisfying adventure in itself.

    2 February 2015, 8:55 pm
  • 2 minutes 38 seconds
    #24 - Invest in Energy Efficient Upgrades

     

    Energy efficient upgrades are becoming more popular in homes these days, as “going green” continues the attraction of “saving the planet” and saving on utilities. By going green and investing in energy efficient upgrades, you can benefit by cutting costs on several expenses in a home including heating and cooling usage, as well as electric bills and water supply.

    As a property manager or owner of a rental property, an increase to your monthly cash flow is always a bonus, and you can start receiving that extra income by cutting utility payments through energy efficient upgrades. Creating Wealth has gathered a list of the top four ways you can cut costs to your rental property by going, and generating, green today.

    1. Install energy efficient appliances – Replace old appliances with an updated energy-saving dishwasher, stove or refrigerator. Not only will your interior pop out with a new look, the label of being a “green rental” will offer a new attraction to your property.

    2. Install efficient toilets or fill toilet tanks – Try investing in efficient toilets, which does cost hundreds of dollars, or you can try using a 2-liter bottle filled with gravel, costing less than $5. The less costly option is dropped in the tank of an existing toilet, whereas the more costly toilet comes already together and less messy. Do keep in mind if you decide to use your homemade system, clogs are more often to occur.

    3. Install LED light bulbs – Going green on lights by using LED light bulbs will save your property manager time to replace burnt bulbs and cut your utility bill to almost half the cost. The costs of LED lights are more expensive up front, but again, you are saving time on replacing these in every room and appliance.

    4. Install low-flow showerheads – The amount of water tenants use on showers and in the sink can be wasteful most of the time, but installing a low-flow showerhead can cut up to 40% water consumption in a shower. The consumption will go down, but the tenants will still have strong water pressure to keep clean.

    The costs up front to install energy efficient upgrades might be high, but as an investor, you know these decisions will eventually be profitable in the long run.

    26 January 2015, 12:41 pm
  • 2 minutes 31 seconds
    #23 - Stages of Wealth Creation

    Jason Hartman says that the beginning stages of wealth building are like a space shuttle take off. You’ve got to stock up on debt—quality, fixed rate, long-term, investment grade debt. Debt that’s attached to hard commodities in universal demand. These are the booster rockets of the space shuttle.

    In the early stages of wealth creation, get in as much good debt as you can because debt is an asset. Stop thinking about it as a liability—remember that soon you’ll be increasing rents, watching your property appreciate, saving on taxes over the years, and embodying Jason’s Refi Till Ya Die philosophy. Now, you’re in orbit. You’re financially free—but don’t forget to keep extracting equity.

    Remember that you’re in a unique place as an investor. Low interest rates that you can do anything with. In a variety of seminars, Jason Hartman has estimated that a house can hold up for about 60 years before it will require a major remodel. This means that you can lock in the cost of construction for six decades. That’s a long time!

    You lock in the cost of borrowing for three decades too, and those who come after you will have to pay more. It’s an unbelievable equation—everyone on Earth needs what you have! And what you have will become more expensive to build. And the dollar will become worth less and less money. The debt that you’ve got attached to your fixed rate asset will become easier to repay as years pass.

    To provide an example—Jason Hartman’s mother purchased a house in 1976 for $62,500 and often stressed about making the $416 per month mortgage payment. After living there for several years, they moved to Long Beach and began renting the first house out. In the 2000s, she’s renting it out for $2,300 per month. $416 was a lot to make then, but she’s so happy she stuck with it!

    Inflation does interesting (and ultimately beneficial to the investor) things to the dollar over time, which makes real estate a great choice (easily the best choice) for building wealth. While you may feel the fluctuations of the rocket ship, a safe landing will be just what you need to demonstrate the incredible value of money well spent.

    So grab some freeze-dried ice cream, strap your safety belt tightly to your chest, and get ready for the ride of a lifetime!

    19 January 2015, 1:40 pm
  • 3 minutes 16 seconds
    #22 - Shadow Banking: The Other Financial World

    It sounds like something from a science fiction movie: a shadow world that exists alongside the one we know. But “shadow banking” – an unregulated, opaque world of financial dealings that functions alongside usual commercial banking practices – is very real. And the transactions these institutions conduct have the potential to affect the affairs of investors and bank users throughout the country.

    Shadow banking hit the news recently because of concerns about the scope of unregulated financial dealings in China. But it turns out that the United States is the home of the most shadow institutions in the world. And although shadow banks are legal, their very nature makes them vulnerable to crashing – and their involvement with the home mortgage industry means that homebuyers of all kinds could be affected.

    The Financial Stability Board, a supervisory board of financial experts that oversees banking practices, defines shadow banking as unregulated banking activity that falls outside the definition of a commercial bank. According to the FSB, if an institution performs the core functions of a bank – taking the deposits of savers and using them to make long term loans to others, but isn’t subject to banking regulations and oversight, it’s a shadow institution.

    Shadow banking isn’t illegal, and because these institutions operate largely on the level of investing and the buying and selling of securities, it might appear that the average bank customer would be unaffected by any of their activities. But shadow institutors played a role in the great housing collapse of 2008 and the massive number of transactions involving mortgage loans hat followed – and the fact that home mortgage loans that have been bought and sold numerous times may pass through the hands of shadow bankers means that mortgage applicants around the country could be affected by this kind of transaction.

    The Federal Reserve’s newsmaking stimulus plan put the term “mortgage backed security” into the news. And that “securitization chain’ is how home mortgage loans become trapped in the shadow banking system. Those home loans that have been sold and resold eventually end up as part of a loan package used to back the value of securities that are then purchased by investors or government entities.

    But if those loans go bad or loan holders fall victim to unethical lending practices, there’s little recourse. Because shadow banking is unregulated, it falls outside the scope of financial legislation and banking oversight that followed the crash. Shadow banking is a world of secrecy too, as these institutions aren’t bound to release information about their practices. And, if one of these institutions falls into crisis, it won’t be able to turn to the Federal Reserve or other government mandated fail safes for help. And that means little recourse for those involved in the transaction.

    The FSB and other bank regulators are attempting to collect data on the scope and practices of shadow banking in the US, but true to it nature, little is known. But income property investors may want to follow Jason Hartman’s advice to stay aware and informed – and keep their transactions out of the shadows. 

    12 January 2015, 1:30 pm
  • 3 minutes 2 seconds
    #21 - Keep Investment Properties Secure

    Break-ins, burglaries and vandalism plague cities both large and small,and new statistics show that one in four home invasions happens when someone is at home. Keeping rental properties secure concerns both renters and landlords – and keeping those issues clear can save money, time and even legal problems.

    Certain kinds of basic home security fall under a landlord/investor’s legal responsibilities. It’s a landlord’s duty to provide doors with working locks and appropriate indoor and outdoor lighting. The landlord/tenant rules in all states require landlords to provide a working smoke detector, too, and in some states, even a carbon monoxide detector. And security in common areas such as sidewalks and laundry facilities is always a landlord’s responsibility

    Although homeowners are flooded with advertising for the latest in home security technology, landlords are under no obligation to provide advanced security systems, alarms or surveillance hardware. If landlords do install these things, though, it’s their responsibility to maintain them in good working order, or they could be held liable if an incident occurs.

    Tenants can – and do – install their own security devices, and that’s an area that requires clear guidelines, preferably in the lease or rental agreement, to prevent major problems. Generally, tenants need to get a landlord’s permission before installing any kind of security system or making changes to existing ones, and landlords aren’t obligated to maintain these kinds of systems. If a tenant signs a contract with an alarm system provider, for example, and then moves away before the contract term is up, the landlord isn’t responsible for carrying that contract.

    A thornier area, though, is the question of access to the property. Landlords can legally enter properties under certain circumstances, and that can cause problems unless the issue is clearly addressed in the lease. Both tenants and landlords must have keys to the property, and if a landlord has installed other security, both parties need to have the security codes at other means of accessing it.

    If a tenant installs an alarm system that requires a code, the landlord has a right to ask for the code in order to exercise the legal right of access to the property, which includes emergencies, scheduled repairs and showing to prospective tenants.

    If you ‘re building wealth through investment property as Jason Hartman recommends, keeping that property secure is the job of both you and your tenants. Clarifying those responsibilities from the outset in writing protects both parties – and your property.

    5 January 2015, 7:24 pm
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