CW 572 – MATT WILLIAMS – TAKING THE MYSTERY OUT OF REPAIRS, IMPROVEMENTS & REHABS WITH PRO.COM
Creating Wealth Show Archives 301-600
Release Date: 11/23/2016
CW 600 FBF – THE ART OF STRESS-FREE PRODUCTIVITY WITH PERSONAL AND ORGANIZATIONAL PRODUCTIVITY EXPERT DAVID ALLEN
Creating Wealth Show Archives 301-600
Originally aired as CW 160 Jason talks with David Allen who is widely recognized as the world’s leading expert on personal and organizational productivity. His twenty-five-year pioneering research and coaching to corporate managers and CEOs of some of America’s most prestigious corporations and institutions has earned him Forbes’ recognition as one of the top five executive coaches in the world and Business 2.0 magazine’s inclusion in their list of the “50 Who Matter Now.”
info_outline
CW 599 – JEFF BALL – DOCUMENT FREE INVESTMENT PROPERTY FINANCING
Creating Wealth Show Archives 301-600
Gratitude is one of the philosophical keys to success. Today’s motivational speakers tend to focus on the mechanical keys to success and forget about the bigger picture of the context behind the content. True philosophers understand what drives humans to succeed and the beauty of being grateful for they have. And in the interview, Finding an alternative to a traditional bank loans may not be as hard as you think. In addition to hard money lenders, financing companies such as Visio Financial offer short and medium term limits with significant interest rates. They offer no document loans which...
info_outline
CW 598 – LUCAS HALL – SWANKY SELF MANAGEMENT TOOLS, LANDLORDOLOGY & COZY
Creating Wealth Show Archives 301-600
Save 10% monthly by managing your own properties with free software. Self-management tools often boast ease of use and shortcuts to save you time but don’t always deliver. Cozy and Landlordology are property management tools which offer end to end online self-management solutions. Both tenants and property managers benefit from the monthly automatic rent collection feature as well as the integrated application process. If you think doing a background check along with a credit report will help qualify renters qualifications then sign up for Cozy today. Key Takeaways: Jason’s Editorial:...
info_outline
CW 597 FBF – PRIVACY RIGHTS & THE TSA PLUS OBAMACARE TAX PROVISIONS WITH FREE SPEECH ATTORNEY JONATHAN EMORD
Creating Wealth Show Archives 301-600
Originally aired as CW 294 Jason Hartman and prior guest, Jonathan Emord, get together once again to talk about current issues affecting our rights, beginning with the damaging and highly intrusive passing of the tax provision of Obama’s healthcare plan. This has created a fissure in the Constitution, a horrible outcome that opens a door to the government violating our civil liberties. Jonathan breaks down the consequences of the violations, such as our liberty to choose and right to privacy in the interest of a government mandate that only benefits the government. Moving on to TSA, Jonathan...
info_outline
CW 596 -TURNING THE TABLES ON THE GOVERNMENT THROUGH INCOME PROPERTY
Creating Wealth Show Archives 301-600
What Time is it? It’s an Amazing Time to Be Alive Say this 10 times real fast, Inflation Induced Debt Destruction, now make it your mantra. Would you like someone else to pay your bills for you? Well when you buy income property it is exactly what happens. Your tenants pay down your debt while your property appreciates. Today, Jason outlines a chart from way back in the Creating Wealth archives. He will make the chart available to all of you listeners soon. The chart introduces the intricacies of inflation. He then takes us through most of the asset classes and how they perform against...
info_outline
CW 595 – WEGOLOOK MAKES VIEWING AND INSPECTING INCOME PROPERTIES EASY
Creating Wealth Show Archives 301-600
Have a looker travel for you and save thousands in travel expenses and time. If you’re still allowing property managers to bill you max amounts every month you need to tighten up your monthly discretionary allowance. You will be consulted every time a repair is projected beyond $200. Also, minimize the unprofitable downtime of renters moving in and moving out by signing a 2-year lease with your next tenant. Include the rent increase for upcoming year so your tenants are prepared to pay in advance of the increase. They will appreciate it. And in our interview, wouldn’t it be nice to see an...
info_outline
CW 594 FBF – AMERICA’S ECONOMIC OUTLOOK WITH JOHN MAULDIN AUTHOR AND PUBLISHER OF ‘THOUGHTS FROM THE FRONTLINE’
Creating Wealth Show Archives 301-600
Originally aired as CW 298 On this show, Jason Hartman talks with one of his investment counselors about current events, welcomes a guest caller and also brings to our listening audience the economic outlook from renowned financial expert, John Mauldin. Mauldin discusses “spending rearrangement”, a restructuring of our country’s spending problem and tax code, and how the election outcome influences the direction of that restructuring. The larger the government becomes, the smaller the private sector becomes – not an ideal situation for economic recovery in the U.S. Mauldin...
info_outline
CW 593 – NATIONWIDE PROPERTY INSURANCE MADE EASY
Creating Wealth Show Archives 301-600
What is the best coverage for your multi-state real estate portfolio? Managing insurance policies for your entire real estate portfolio can be an administrative nightmare if the coverage is provided by multiple companies. Finding a reliable and informative insurance broker who is able to offer nationwide coverage from A level underwriters would eliminate the hassle. Today, Jason gets answers for all of your insurance questions from the brokerage firm of Ross Diversified. Key Takeaways: Jason’s Editorial: [1:21] It’s an amazing time to be alive! [2:33] China has finally ended their one...
info_outline
CW 592 – PAUL MLADJENOVIC – THE RAVING CAPITALIST & STOCK INVESTING FOR DUMMIES
Creating Wealth Show Archives 301-600
What time is it? It’s an amazing time to be alive. Based on current political and economic conditions your personal wealth could be at risk. Paul Mladjenovic of The Raving Capitalist shares his tips for weathering the upcoming economic storm, which he expects to make landfall in 12-18 months. He advises in favor of creating a home based business and diversifying your current asset portfolio. He warns people who have their assets in undiversified portfolios or in stocks which don’t satisfy a human need may find their financial futures devastated because of current government actions and...
info_outline
CW 591 FBF – FORECASTING AMERICA’S ECONOMIC FUTURE WITH DOUG CASEY OF CASEY RESEARCH
Creating Wealth Show Archives 301-600
Originally aired as CW 231 Join Jason Hartman and Doug Casey of Casey Research for a candid discussion about the condition of America and what is to come. Doug feels we needed a depression, but it doesn’t have to be as long and dismal as it’s going to be for most people. The U.S. government has gone about everything completely opposite of the right way; it’s totally bankrupt. They’re selling money/debt to the Federal Reserve because no other country in the world wants to buy our devalued American dollar. Doug feels for the average American because he/she is not going to profit from it...
info_outlineWelcome to episode 572 of Creating Wealth Real Estate Investing. If you’ve ever tried to get an accurate estimate on a home project – and been frustrated in the process – you’ll want to hear what our guest on today’s episode has created.
Matt Williams is the former CEO of Digg and a serial entrepreneur who has developed Pro.com, a website to bring transparency to the contracting industry. He joins us to explain the uniqueness of Pro.com and describe its benefits for consumers, contractors and real estate agents.
Matt and I also talk about his time with Digg and what it was like working as an executive in the early days of Amazon. We dig into all of that and more on today’s episode of Creating Wealth Real Estate Investing.
Show Notes for CW 572:
Welcome to episode 572 of Creating Wealth Real Estate Investing. If you’ve ever tried to get an accurate estimate on a home project – and been frustrated in the process – you’ll want to hear what our guest on today’s episode has created.
Matt Williams is the former CEO of Digg and a serial entrepreneur who has developed Pro.com, a website to bring transparency to the contracting industry. He joins us to talk about his background with Digg and Amazon and also explain the uniqueness of Pro.com.
Matt was born to entrepreneurial parents so it’s no surprise he started his first company at 22 and later sold it to Amazon. After the sale he spent nearly 12 years working as an executive during Amazon’s early days. One of his roles in that time was to shadow Amazon CEO Jeff Bezos!
Those 12 years set him up to take on his next monolithic task: being Digg’s CEO. Matt combined his passion of news and CEO knowledge to restore Digg after it’s V4 debacle. He shares more details about this on the show.
You’ll Also Hear:
-
How does an opportunity qualify as an investment?
-
Today the US has the lowest homeowner rate since 1967- why is that a good thing?
-
What is an investment’s income judged by – net operating income or cash flow?
-
When did Matt come up with the idea for Pro.com?
-
And much more!
Jeff also shares what’s so unique about Pro.com: the transparency it brings, the comprehensive pricing engine it uses and an overall empowering, fair experience for all parties involved with every transaction.
One of its strongest selling points is the transparency it brings to the contracting world. You can experience this transparency when you use the site. There is the comprehensive pricing engine built into Pro.com. All you have to do is enter your project, your zip code and Pro.com will come back with a projected estimate for that project’s basic cost in your area.
If you want to add on a few features and get a cost you can do that as well. For example if you’re looking to paint a room in your house, Pro.com will give you that information. If you have extra high ceilings and want the crown molding painted you can add those features onto the base price and Pro.com will give you an updated estimate including the extras.
From there Pro.com will connect you with trusted, vetted and pre-qualified contractors in your area who will fulfill your project.
The business model of it is unlike anything else on the marketplace. The contractor does NOT pay for leads, unlike other websites and they also don’t get paid until they finish your job and you are happy with it. At that point Pro.com takes a commission and passes the rest along to the contractor. That commission is in line with industry rate’s that contractors would normally assess when giving work to subcontractors.
To make a long story short you get a quality job done right for a fair price by a good contractor who in turn is paid for that quality job, and Pro.com earns a fair commission. Everyone wins!
No one else in the marketplace is doing this. There are other models out there where you can connect with contractors but the site that connected you in the first place bows out at that moment, and you are on your own. Not so with Pro.com.
On today’s show Matt also explains Pro.com’s rating system and how the site is helping the real estate industry at large. Join us for all of that and more on episode 572 of Creating Wealth Real Estate Investing.
EPISODE RESOURCES
(These are in addition to the links already on the show notes page for this episode)
* Subscribe to Creating Wealth Real Estate Investing Podcast
The fact that U.S. homeownership rates are tumbling is great news for real estate investors! The time is ripe for cash flow oriented linear markets. And it just so happens Pro.com’s home project service engine is up and running at full capacity. I talk with Matt Williams, formerly of Digg.com, about the latest and greatest tool for real estate agents and investors, Pro.com. Pro.com is a new service which gives you the price of a pro contractor to complete your home services upfront, so you know exactly how much you can expect the bill to be. There were no fee’s exchanged for this or any of my podcasts.
Don’t Forget Early Bird pricing for Meet the Masters available on JasonHartman.com
Key Takeaways:
Jason’s Editorial:
[2:06] Giddy for the upcoming interview
[3:45] Removing the 3rd party from the equation
[5:23] Podcasters are charging guests to be on their show
[5:53] We are working on a self-management software tool
[7:30] Income is judged by the net operating income, not cash flow
[8:39] The Zerohedge article – U.S. homeownership rate tumbles
[11:00] I’m excited I want a 55% homeownership rate
[12:52] Median U.S. asking rent is $803
[13:46] The time is ripe for cash flow oriented linear markets
[14:55] Real income in the U.S. is at 1989 levels
[17:39] Will the economy be outdone by free market technology
Matt Williams Guest Interview:
[20:59] Learning the ins and outs of building marketplaces and communities at Amazon
[22:01] Digg’s V4 – An attempt at a personalized news experience
[25:21] Incubating Pro.com at Andreessen Horowitz
[27:26] Real estate investors are able to get a quote from any zip code in the U.S.
[28:25] Homeowners have access to what it cost to get their home ready for sale
[30:09] The most comprehensive pricing engine for any home project
[32:40] The problem is a lack of transparency for home services
[34:22] What the job should cost broken down for the consumer
[35:40] It’s really for every single job you can imagine in the home
[38:00] We handle the payment processing also
[39:04] Thousands of common projects and the multiple variations
[40:08] There are a lot of jobs left undone because people don’t know the price upfront
[41:10] We survey the pro after the job and post rankings
[41:58] How real estate agents work with pro.com
[44:12] This free service is nationwide, right?
Mentions:
The Mystery of the Missing Inflation – Tyler Durden