Property management can make or break your real estate portfolio, and most new investors don’t know where to start. Do you hire a property manager or self-manage your rental(s)? How do you know a property manager will ensure your rental is performing instead of just collecting a monthly fee? Should you use a local property management company or a national chain?
The real question: who will make YOU more money and keep your rental on track with your goals?
Want to spot an average property manager vs. one that builds your wealth? Follow Selali Kalevor’s advice. He’s not only a property manager himself but an “upside” investor as well, who knows what it takes to make not only his clients' properties perform but also his own. He shares the key questions to ask ANY property manager and must-know tips for self-managing rentals.
Plus, Dave and Selali describe the one thing that makes a property manager a massive value to rental property investors, and if your manager can’t do this, you might as well find a new one.
In This Episode We Cover:
Crucial questions to ask a property manager to see if they’re worth the fee
Hiring a local vs. national property management company (and what to check before you hire them)
The type of “manager” that will make you more money with less stress
Signs that you should (or shouldn’t) be managing your properties yourself
The #1 most important factor when hiring a property manager
And So Much More!
Links from the Show
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Property Manager Finder
78 Questions To Ask A Property Manager Before Hiring Them
Connect with Selali
Connect with Dave
(00:00) Intro
(01:56) Becoming a Property Manager
(06:12) Picking a Property Manager
(11:09) Local vs. National Property Managers
(18:58) Best Managers Do This
(24:56) How to Self-Manage
(27:11) Know Your Property’s “Why”
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1094
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Pro’s Guide to Property Management: Work Less, Make More from Your Rentals! | BiggerPockets Real Estate Podcast - Listen or read transcript on Metacast
