218: Pandemic Economics and the Remote Management Revolution, IIDD Profits, Guest Drew Baker

Jason Hartman discusses the economic "hibernation" triggered by the COVID-19 pandemic, highlighting the Federal Reserve's decision to drop interest rates to zero. He argues that residential real estate remains a stable "center of the universe" while predicting a massive inflationary wave due to government bailouts and currency creation. The program also features guest Drew Baker, who shares practical advice on remote self-management of rental properties using digital tools like Buildium and Hello Sign. Baker emphasizes that maintaining personal relationships with tenants can lead to better property care and long-term lease renewals. Together, they explore how the global crisis is shifting work habits toward the home and creating a unique environment for "pandemic investing."

 

Key Takeaways:

2:51 The economy of planet Earth is going into hibernation mode

4:08 "Buy on fear, sell on greed." -Warren Buffet

6:28 How do you recover from a couple of months sliced out of an annual GDP?

8:15 Exploring best/worst-case hypotheticals

12:05 Supply/demand shock

14:00 Inflation Induced Debt Destruction profits to come

17:30 Drew Baker

18:43 Buildium vs Property Tracker

23:00 A better quality tenant can make for an easier self-management experience, a lower quality tenant makes the property manager a little more needed

27:00 A great tenant goes a long way

32:00 Coronavirus, a baby-boomer bomb

Websites:

www.JasonHartman.com

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

www.holisticsurvival.com/

 

 

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