In this episode, host David Richter interviews Tiffany Mittal, an innovative entrepreneur who transitioned from managing multifamily properties to founding Utility Ranger, a tech solution for small real estate investors.
Tiffany shares her journey from being frustrated by the operational challenges of real estate to discovering a niche in utility billing. She explains how Utility Ranger empowers small-scale investors, helping them increase property value through forced appreciation by transitioning utility costs to tenants.
Tiffany also discusses her and her husband’s ongoing efforts to grow their real estate portfolio, now based in Florida.
Key Takeaways:
02:12 Tiffany’s entrepreneurial journey
04:20 Issues with utilities in rental properties
06:13 Operational challenges and the concept behind Utility Ranger
08:02 Shifting from operations to technology
09:05 Financial impact of implementing RUBS
10:32 Development of Utility Ranger and target market
13:30 Company expansion and 10X Incubator partnership
14:51 Strategies in property investment and growth
17:18 Criteria for property acquisition based on utility billing practices
Quotes:
8:13 “So I got a job for one of these companies and I learned that there was a secret behind utility billing… it was more about forced appreciation.”
9:33 “All we did was change the utility responsibility from landlord to tenant, and we increased our property value by a million dollars and it was free money.”
14:20 “So I really want to level the playing field and give the little guys the same advantages.”
Connect with Tiffany:
Website: https://utilityranger.com/
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. – David
