Jason Hartman talks with Rich Dad Advisor Garrett Sutton about the issues of rent control, capital flow, and why the Florida court decision on the Olmstead case has had an impact on single member LLCs across the nation. They also discuss the importance of protecting yourself even when you hire a professional to do a job for you.
Key Takeaways:
[2:21] The state of California is out to commit economic suicide
[6:03] There are some exemptions from the state wide rent control for California
[10:31] States have the right to make the laws they want, but people have the right to put their assets where they want, and developers are going to put their assets elsewhere
[16:17] State wide rent controls will make the capital flow from the states where they’re implemented, impacting other markets
[19:31] The importance of Florida’s Olmstead decision on single member LLCs and charging orders
[26:55] When you hire a professional, you’re still responsible for any mistakes they make
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