4.4 • 1.1K Ratings
🗓️ 1 August 2024
⏱️ 10 minutes
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0:00.0 | This is the ultimate guide to property management companies for real estate investors. |
0:09.4 | Welcome into the show everyone. |
0:11.0 | If you want to have a passive experience as a real estate |
0:13.5 | investor one of the most important things you can do is hire a great property |
0:17.3 | management team in this ultimate guide to property management for real estate |
0:21.4 | investors I'm going to share some of my best tips that I've ever learned in my property management |
0:29.4 | company, how to find the right property manager, |
0:32.2 | I'm going to share them in order to make sure it's a fit |
0:35.2 | for everyone because maybe you don't want to work with them or maybe they don't want to work with you. |
0:39.5 | And then tips for effective communication and so much more. So let's get into it. Why do you |
0:44.9 | need a property management company? Great question. A lot of people start off on |
0:49.2 | this journey and think they're going to do it themselves. I hear this objection a lot, especially on YouTube. |
0:55.4 | I honestly think that for 99% of real estate investors, hiring a property |
0:59.8 | management company is the right move, and I'm going to tell you why it is. |
1:04.0 | Property management is a full-time job. |
1:07.0 | Do you want another full-time job? |
1:09.0 | I'm guessing you didn't get into real estate investing to suck up all of your free time, right? |
1:13.7 | Adding in another job for yourself is probably not going to help you live the life that you want. |
1:18.4 | A great property management team can save you time, it can save you money, and they can take |
1:22.4 | care of your property and help you keep the |
1:24.4 | higher quality tenants for a longer period of time in that property. |
1:28.9 | Most property managers are going to charge you a percentage-based fee, so somewhere in the range of 6 to 10% of your monthly rent. |
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