Ask Marco - How to Choose a Reliable Property Manager? | PREI 243
Passive Real Estate Investing
Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.
4.6 • 968 Ratings
🗓️ 27 May 2020
⏱️ 12 minutes
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| 0:00.0 | Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income while creating wealth for the long term. |
| 0:10.0 | And now here's your host, Marco Santorelli. |
| 0:14.1 | Hello, my friends and welcome to another episode of Ask Marco, |
| 0:17.0 | where I answer your investing related questions. |
| 0:19.7 | And today's question comes from Linda. Linda says, hello, I am currently in the process of saving up for an investment property, |
| 0:27.0 | but I am doing my research before I commit. |
| 0:29.0 | I came across your website and it was very informative and clearly laid out very user-friendly |
| 0:34.3 | thanks. So one of my main concerns as friends and family also advised me of is |
| 0:39.7 | purchasing property outside of my local area and entrusting a property manager with my investment. |
| 0:46.0 | They do not always have my best interest at hand and will not necessarily do their job responsibly |
| 0:52.2 | which could lead me into more debt having to fix up a damaged property. |
| 0:56.6 | I have a friend who signed her property off with a contract to a management company who acted |
| 1:02.1 | irresponsibly and she couldn't follow through because she lived halfway across the world. |
| 1:07.0 | What can you say about this or what has been your experience? |
| 1:11.0 | Thank you, Linda. |
| 1:12.0 | Okay, Linda, thanks for the question. been your |
| 1:15.0 | experience. |
| 1:20.0 | experience. |
| 1:18.0 | Thank you, |
| 1:20.0 | and I can of jokingly say at times that you live and die by your property manager. |
| 1:23.0 | Property management is critically important and I like to think of my |
| 1:27.0 | property manager as an asset manager because they are not just managing and taking care of my property, but they're managing and |
... |
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