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Optimal Finance Daily - Financial Independence and Money Advice

1209: Are Property Managers Worth Their Fees? by Hank Coleman with PT Money on Real Estate Investing Decisions

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.51.3K Ratings

🗓️ 1 July 2020

⏱️ 6 minutes

🧾️ Download transcript

Summary

Hank Coleman with PT Money shares if property managers are worth their fees. Episode 1209: Are Property Managers Worth Their Fees? by Hank Coleman with PT Money on Real Estate Investing Decisions PTMoney.com is about helping you make extra money, save more money, and spend your money wisely--all in an effort to help you fix your finances so you can build the life you want. It was started by Philip Taylor, a CPA, entrepreneur, and blogger who started the site in 2007. He also created FinCon, the popular conference for financial nerds. The original post is located here: https://ptmoney.com/are-property-managers-worth-their-fees/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is optimal finance daily episode 1209.

0:04.0

Are property managers worth their fees?

0:06.3

By Hank Coleman with PTmoney.com.

0:09.7

And I'm Dan, I'm your host and this is where I read to you from some of the best blogs on

0:13.3

personal finance every single day.

0:15.8

That includes weekends and holidays.

0:18.1

Hope you're having a great start to your month of July, and we actually have five different shows that cover different topics.

0:25.0

Search for optimal living daily wherever you're hearing this to find all five of those shows

0:29.8

and subscribe to each of them for free.

0:32.2

So for now let's get right to it as we continue

0:34.4

optimizing your life.

0:37.0

Are property managers worth their fees?

0:43.0

By Hank Coleman with PTMoney.com.

0:46.0

Whether you're an accidental landlord or if you plan to become a residential real estate investor,

0:52.0

someone will have to manage your property, who will

0:54.8

find you new tenants when yours move out, who will handle complaints about leaky faucets in the

0:59.3

middle of the night, who will handle tenants who do not pay rent on time?

1:03.0

You, the homeowner, could handle all these things yourself, of course.

1:07.0

That's assuming that you live a reasonable distance from your rental property

1:10.0

and actually want to take on the responsibility.

1:13.0

But what if you live in another state?

1:14.8

What if you don't like dealing with the confrontation of a non-paying tenant?

...

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