274: How To Self-Manage Your Property with Kevin Cross
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 6 January 2020
⏱️ 50 minutes
🧾️ Download transcript
Summary
Get 15 - 30% more rent income for your existing property.
Learn how to attract a better “Class B” tenant to a lesser “Class C” property.
We’re getting “hands-on” today.
Kevin Cross tells us about this and how to buy a bargain property (hint: find poorly-managed property).
Small tweaks make a big difference in your property’s rent income: clean grounds, orderly common areas.
Add amenities inside units yourself like: Wi-fi, TVs, curtains, artwork.
Your success is highly tied to tenant quality.
Learn how to talk to a tenant engaged in illegal activity.
A house cleaner can put eyes on your property.
To learn about Virtual Property Pro owner assistance service, e-mail Kevin at: [email protected] This is an intermediate step if you’re not ready for pro mgmt.
Often eliminate: garage door openers, garbage disposals, 2-bay sinks.
Incorporate your hobby into your rentals; now your hobby is profitable.
Though I personally use professional management, self-management fits our guest’s lifestyle.
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Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Weinhold. Is it worthwhile to self-manage your rental property? |
| 0:07.4 | Learn how small upfront property improvements can make a big difference in your long-term rent income and your occupancy. |
| 0:14.2 | It can help you fill a Class C property with a Class B tenant. We're getting hands on today on Get Rich Education. |
| 0:25.9 | Finally, with Total Control Financial, get checkbook control of your existing 401k and IRA funds to invest in real estate. |
| 0:33.9 | Yes, you can move your retirement money into your own checking account, but you must |
| 0:39.2 | avoid the little-known tax that you'll get hammered with in a self-directed IRA. Instead, start |
| 0:44.8 | your QRP. Learn more and get your free copy of the QRP book by text messaging QRP in all |
| 0:51.8 | capital letters to 72,000. |
| 1:06.0 | The company that's provided our listeners with more loans than anyone is Ridge Lending Group and MLS 42056. You can finance more than 10 single families up to four plexes serving most U.S. states, |
| 1:12.4 | their knowledge and experience leads to your financial freedom. |
| 1:15.5 | They're number one in the investment space. |
| 1:18.8 | Pre-qualify and then chat with President Chaley Ridge personally. |
| 1:22.5 | Start on your next investment property loan right now at ridge lending group.com. |
| 1:30.5 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:37.9 | This is Get Rich Education. |
| 1:43.0 | Music Education. |
| 1:59.5 | Welcome to Gare, from Salisbury, England to Salisbury, Maryland, across 188 nations worldwide. |
| 2:03.2 | I'm Keith Weinhold. This is Get Rich Education. Is it worth it to get hands-on and self-manager income properties? Well, I think, you know, that that's not really |
| 2:09.2 | my personal style. I want to use a professional manager and live my life. But, you know, |
| 2:15.4 | that doesn't mean that my take or my lifestyle preferences |
| 2:19.0 | need to be yours. And today's guest does get hands on. And he's doing a number of innovative, |
| 2:25.6 | forward-thinking things to his properties to make a big difference in his profitability. And |
... |
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