803: Q&A: Is a Property Management Team Worth the Expense? - Episode 803

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

Investing, How To, News, Education, Business, Business News

4.1 • 1.1K Ratings

🗓️ 27 December 2021

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

What does it cost to hire a property management team? And is it really worth the monthly fee to work with a professional company? That's the first question I'm answering on today's Q&A episode!

This episode of Investing in Real Estate features three listener questions on property management fees, leveraging the equity in rental properties, and weighing the pros and cons of a 1031 exchange. I appreciate your thoughtful questions; click play to hear my answers!

Transcript

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0:00.0	Welcome to the Investing in Real Estate Show everyone. I'm Clayton Morris. So glad to have you here. I hope you had a wonderful Christmas. If you celebrate Christmas, wonderful holiday season, I hope you had a wonderful Christmas,
0:13.0	wonderful holiday season.
0:15.0	I hope you weren't one of the many people, millions of people that were trapped,
0:18.0	stranded with all of these crazy airline closures and men.
0:22.0	It'll be great to get back to normal hopefully in
0:25.2	2022 but I don't see any signs of that happening anytime soon if you're new to
0:30.0	the program on this channel we aim to help you become a more intelligent real estate
0:33.7	investor and we talk about taxes we talk about leverage we talk about equity we talk about
0:39.8	internal rate of return all of those things and if you're new great this is a great place for you to start we have a whole archive of videos and content for you to go back and check out if you're more advanced there is always something that you can pick up here on this show. This is our
0:54.4	Q&A episode where we answer your questions. Very simple to do if you would like to
0:58.6	leave us a voicemail question you can go to Morris Invest.com and right there there's little microphone tab on the screen
1:05.8	click that on the right side of the screen and leave us a 30 second voicemail question
1:09.8	about anything real estate related and we will attempt to answer it here on the show.
1:14.1	So we've got three great questions today.
1:16.7	Let's take it away from our very first one I think is Meredith.
1:20.0	Meredith has a question.
1:21.5	Let's listen in.
1:22.8	Hello, Clayton, this is Meredith in Kansas.
1:25.9	My husband and I got into real estate investing
1:28.5	through my great-aunt and uncle,
1:30.4	and they've always managed their own properties.
1:33.0	I've heard you say you don't recommend doing that, and after seeing some of what they've gone through, I can see why.
	...

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