#333: How to Find the Best Property Managers
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 4 March 2024
⏱️ 30 minutes
🧾️ Download transcript
Summary
⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:
https://www.coachcarson.com/rpm
🎙️ Episode #333 – Coach and Erion guide you through the essential steps of finding a reliable property manager, covering everything from defining your needs to evaluating crucial qualities such as market knowledge, incentive alignment, tenant management skills, and company stability.
📄 Show Notes:
https://www.coachcarson.com/findpropertymanagers/
▶️ Next Video: The Top 5 Mistakes I've Made as a Real Estate Investor https://youtu.be/5pZGBzaeMw0
🎬 Timestamps:
0:00 - How to find a property manager
1:56 - Define your expectations
6:25 - 1: Superior market knowledge
10:42 2: Incentive alignment
14:55 - 3: Proactive maintenance approach
18:48 - 4: Tenant communication
21:06 - 5: Experience & reputation
26:56 - My Top 5 Mistakes
🔗 Connect with Erion
-
Erion's Twitter: https://twitter.com/investarchitect
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Erion's Website: https://www.signaturehouston.com/
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Erion's LinkedIn: https://www.linkedin.com/in/erionshehaj/
--------------------------
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Transcript
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| 0:00.0 | So you've decided that you need a property manager for your rental property. |
| 0:03.3 | But how do you find a good one? |
| 0:05.2 | Maybe you've had bad experience in the past with other managers, |
| 0:08.0 | or maybe you've just never hired a manager before and you don't know where to start. |
| 0:11.6 | Whatever your situation, in this edition of the Ask Coach podcast, |
| 0:14.2 | we're going to tackle this property management question and we're getting started right now. |
| 0:30.3 | Today's question was inspired by one of our YouTube viewers, Florida of multifamily syndicators, |
| 0:34.7 | and by many questions about property management inside my private community rental property mastery. |
| 0:35.5 | If you haven't heard of rental property mastery, it's the place where I'm coaching and helping small and mighty real estate investors to buy more |
| 0:40.8 | properties, raise more funds, and turn their rental properties into passive income so they can |
| 0:45.5 | achieve financial freedom. You can check it out or join at the link below in the podcast or the |
| 0:49.8 | video description. Welcome to the Ask Coach edition of the Real Estate Investing with Coach Carson podcast. |
| 1:11.7 | I'm your host Chad Carson. You can also call me Coach Carson. And this is a show to help you get out of the financial grind so you can spend your time doing more of what matters. To help me with this question, I've invited on one of the smartest real estate investors I know, my friend Ariol Shihai from Houston, Texas. He's also a real estate agent and known as the investing architect. |
| 1:16.3 | Now let's go to our conversation. A good property manager can make the difference between, |
| 1:21.7 | you know, make your performance go from good to great, essentially, or worse sometimes. |
| 1:29.2 | So it's a critical piece in the real estate investing space, especially if you're investing from out of state or out of your area. You don't have the option of saying, oh, I'm just going to |
| 1:35.7 | manage it myself. So it's critical to figure out a way, especially if you're going to try to |
| 1:40.7 | scale your portfolio, it's very hard to manage them all yourself anyway. |
| 1:44.7 | So the skill of finding a great property manager is very useful. |
| 1:49.4 | So I like frameworks and processes. |
| 1:53.5 | So I have a three-step process for this as well. |
| 1:56.5 | The very first step that you want to do is you want to sort of define your needs and expectations, right? |
... |
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