62: Managing Tenants For Maximum Profit & Minimal Stress with Phil Dwyer

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 20 March 2014

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

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Summary

Managing tenants can be a real pain. Trust me. However, on this episode of the BiggerPockets Podcastwe sit down with a full time property manager to talk about the business of managing tenants – and discover ways to make it easier and more profitable for YOU. Today Phil Dwyer from the Las Vegas area shares with us his story of becoming a real estate appraiser and transitioning to a successful property manager. In addition, we also discuss the best strategies for finding and managing the best property managers. If you have any rental properties – or ever plan to – this is a “don’t miss” episode! In This Show, We Cover: Dealing with FHA buyers Where to buy – appreciating areas vs. declining areas Finding a great property manager Why Phil chose Vegas to build his business Getting started by working a job in real estate The most difficult part of investment property management? How to know if you are getting ripped off from your management company. The #1 best way to know how your tenant will act for you “What Would You Do” questions for Phil Red flags for tenants Dealing with pets in a rental Single family vs. Multifamily Investments What property management software Phil uses And so much more! Links from the Show BiggerPockets Show 61 on YouTube BP Podcast 007: Making Appraisals Work For You with Ryan Lundquist FHA Home Inspection Checklist Property Manager Interview Checklist Books Mentioned in the Show Landlording on Autopilot by Mike Butler The Snowball: Warren Buffett and the Business of Life by Alice Schroeder Connect with Phillip Phillip’s BiggerPockets Profile Phillip’s Website: VegasDigs.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets podcast Show 62
0:03.7	You're listening to Bigger pockets radio
0:06.8	Simplifying real estate for investors large and small if you're here looking to learn about real estate investing without all the hype, you're in the right place.
0:16.0	Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.
0:22.0	Your home for real estate investing online.
0:25.0	What's going on everybody? This is Josh Dorkin.
0:27.0	Host of the BiggerPockets podcast here with Brandon.
0:31.0	What's up, Brandon?
0:32.0	What up, Josh? How are you?? Sick aren't you? I'm sick. Oh,
0:36.0	Wawa. I feel terrible man. My family's been sick for weeks. I'm really not feeling good man. I but I'm here you're here and we are we are
0:47.1	going to do this anyway we are going to allow through it's a good interview
0:51.9	it's a good interview and I think people will like this one a lot
0:54.8	so yeah a lot a lot of good information for for those folks thinking about hiring
0:59.0	property managers uh... folks looking for more information about appraisals and our guest today is
1:06.3	Phil Dwyer and he's a professional property manager in the Las Vegas area
1:11.4	formerly in Detroit and he's also a real estate
1:15.4	agent and an appraiser so yeah the guy's got a lot of knowledge a lot of
1:19.2	skills and hopefully you will chime in and check it out.
1:24.3	Yeah, and we talk a lot about people who just manage their own properties.
1:27.9	Like if you ever want to get into rental property and you want to manage tenants,
1:31.1	me and, you know, Philip give a lot of examples and you too Josh like
1:34.7	we talk a lot about you know the ins and outs of actually dealing with nasty
	...

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