Cash Flow Friday Tip #17: The 10 Reasons why you should always use a property management company.
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.8 • 679 Ratings
🗓️ 8 May 2015
⏱️ 12 minutes
🧾️ Download transcript
Summary
In this week's Cash Flow Friday tip I'm going to share with you the 10 reasons why I think that every real estate investor should hire a professional 3rd party property management company. Now let me clarify, this applies to basically all asset types except mobile home parks and maybe self storage properties where your management is on-site and is typically employed by the property owner themselves.
If your goal is to own a large rental portfolio of income properties then you'll need to become an expert at outsourcing and delegating responsabilities and hiring a professional property management company is one of the most important
Recommended Resources:
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Transcript
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| 0:00.0 | Welcome to Kevin's Cashflow Friday Real Estate Tip, where Kevin shares with you strategies and tips that will help increase your cash flow, |
| 0:12.7 | make you a more sophisticated investor, and provide you with the tools necessary to take your real estate business to the next level. |
| 0:19.4 | Now, here's the man you've been waiting for, Kevin Bub. |
| 0:23.4 | Hey guys, Kevin Bup here with episode number 17 of the real estate investing for cash flow. |
| 0:28.7 | Cashflow Friday tip. |
| 0:30.3 | Thank you for joining me today as I share tips and strategies that will bring you a ton of value |
| 0:35.0 | and help take your real estate business to the next level. |
| 0:38.4 | In this week's Castle Friday tip, I'm going to share with you the 10 reasons why I think that |
| 0:43.1 | every real estate investor should hire a professional third-party property management company to manage |
| 0:48.8 | their assets. |
| 0:50.4 | Now, let me clarify that. |
| 0:52.1 | This applies to basically all asset types except mobile home parks |
| 0:56.6 | and maybe self-storage properties where in these types of assets, you typically would have an |
| 1:01.8 | on-site property manager and they are usually employed by the property owners themselves. |
| 1:07.3 | But with pretty much every other asset type, and I might be missing a few, but pretty much |
| 1:10.6 | every other real estate asset type, there is a third party property management company |
| 1:14.6 | that can help you manage that asset and probably manage it more efficiently than you |
| 1:18.7 | yourself can. |
| 1:20.0 | But before I share with you this week's tip, I'd like to take a minute and remind you |
| 1:23.3 | about the opportunity to possibly joint venture with me on a few up-and-coming mobile |
| 1:26.8 | home park deals. |
| 1:28.5 | If you're someone who has a minimum of 50,000 to invest, excellent credit and a healthy personal |
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