72: How To Manage Your Property Manager with Kassandra Boltman

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 26 February 2016

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

#72: Most RE investors want their income to be passive - meaning you don’t have to work for it. Then you need a Property Manager. Knowing how to “Manage The Manager” is key.

Our guest, Kassandra Boltman, understands this as she’s a longtime and current Professional Property Manager, Investor, and Educator.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:29 Keith brings you this week’s show from Miami, Florida.

01:36 Before you learn, you need to “unlearn” these myths.

02:37 401(k)s are awful.

03:30 Compound interest? Einstein was wrong about it.

12:24 One of Keith’s biggest mistakes was self-managing for too long.

13:09 Property Managers (PMs) do so much more than collect rent.

13:42 Kassandra Boltman interview begins.

17:32 Most PM companies are “Mom and Pops.” How is a PM franchise different?

19:16 MLS lockboxes.

21:42 Communication between a PM and investor strategic planning.

23:15 Capital improvements vs. repairs.

24:54 Routine property inspections.

26:48 How to get tenants to treat property with respect, and stay longer.

32:15 PM fee structures - how to avoid getting ripped off.

34:41 How to avoid getting ripped off from PM “overmaintenance.”

35:33 Tips to increase occupancy.

39:05 How to add value to a property.

40:34 Pet policies and rental units.

43:40 PM reporting to you as the investor.

Resources:

RPMLastFrontier.com - Kassandra & Erik Boltman’s Property Management company. Contact: (907) 268-4776 or [email protected]

Kassandra’s book “Pain Or Profit - Secrets Of Profitable Rental Property Investors”

RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

Download the GRE Android App at Google Play to keep the GRE icon right on your phone’s home screen!

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Transcript

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0:00.0	Get Rich Education is brought to by Norrata Real Estate and Ridge Lending Group.
0:10.8	Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires
0:22.7	than anything else and can provide you with more wealth and happiness than you ever thought
0:28.2	possible. Now, here's your host, investor, entrepreneur, business owner and educator, Keith
0:36.2	Weinhold.
0:40.3	Hey, welcome to GRE. This is the always valuable get rich education episode 72. I'm your host,
0:46.6	Keith Weinhold. This is the show that's built your wealth and changed how you invest.
0:52.6	Thanks for tuning in for wherever you're listening,
0:55.1	and now heard in 155 World Nations through iTunes, IHeartRadio, the GRE Android app,
1:02.7	Stitcher, Spreker, SoundCloud, Castro, Overcast, Pocketcasts, and you can even listen at
1:09.0	getricheducation.com. Now, back in episode 22, we did a show on how to
1:15.0	best select an interview a property manager for yourself. Today, our guests and I are discussing
1:21.0	how you best manage your property manager over the years during your lifetime of income
1:27.3	property ownership.
1:29.0	Today, I am in Miami, Florida as I prepare to set sale on the real estate guys
1:34.0	investor summit at Sea Cruise. Now, building wealth, really, it often comes down to when you
1:40.8	start unlearning as much as it does when you start learning. Okay, you need to
1:46.6	unlearn the old before you learn the new. It comes down to really when you decided to stop
1:53.6	believing these outdated old economy notions that are actually preventing you from building
1:59.9	your wealth. You know what the problem is
2:02.2	and why people don't ever create enough wealth to enjoy the lifestyle and the freedom that they
2:06.6	really want? Okay, and we're going to get really concrete here. Now, it's things like this,
	...

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