Episode description

Ever wondered what makes a top-notch property manager? In our latest episode of Money Matters, Grace Nabasabala spills the beans on her journey from necessity to mastery in the world of property management. From handling those midnight maintenance crises to screening tenants like a pro, Grace shares her wealth of experience and the intricacies of a role that goes far beyond mere rent collection. Whether you're a seasoned real estate investor or just stepping into the game, Grace's insights will arm you with the knowledge to navigate the complexities of property management successfully.

Considering hiring a property manager but confused about the fee structures and screening criteria? Unlock the secrets behind the costs and the importance of maintaining clear communication with your property manager. Grace breaks down why these managers charge for maintenance and the significance of securing quality contractors. She also discusses the critical role of certifications to guard against legal pitfalls and outlines the standard tenant criteria, ensuring you stay compliant with fair housing laws. Stay informed and protect your investment with the strategic advice offered in this episode.

Choosing the right property management company can make or break your real estate venture. Through engaging discussions, we explore how to set realistic expectations and avoid common misconceptions. Grace and I delve into the importance of effective communication and the nuances behind different fee rates based on the level of involvement required. We also provide practical tips on how to research and verify potential property managers to avoid scams. For additional resources, don't forget to check out websites like neighborsfcu.org. Tune in for a treasure trove of practical advice and expert tips that will elevate your real estate management game.

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Welcome to Money Matters, the podcast that focuses on how to use the money you have, make the money you need and save the money you want – brought to you by Neighbors Federal Credit Union.

The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice.