Is Cash Flow STILL King? How to Get More of It in This Market (Rookie Reply)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 14 February 2025

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Cash flow is hard to come by in this market. Just a few years ago, it was easy to find rental properties that met the one-percent rule, but today, you need to get creative if cash flow is your main goal. Is buying more rentals the most obvious fix, or is there another strategy that people aren’t talking about? Stay tuned to find out! Welcome back to another Rookie Reply! Today, we’re returning to the BiggerPockets Forums to answer more of your recent questions, and first up, an investor needs some help managing their rental property from afar. Who handles showings? Move-out inspections? We’ll show them how to turn their out-of-state investing operation into a well-oiled machine. Next, we’ll hear from an investor who wants more cash flow. They already have one rental property, so should they pay it off or start looking for their next rental? We’ve got several strategies that they (and YOU) can use! Finally, what happens when a property you’re looking to buy needs repairs? We’ll share some crucial dos and don’ts when negotiating with sellers! Looking to invest? Need answers? Ask your question here! In This Episode We Cover: The BEST strategies to increase your portfolio’s total cash flow Tips and tricks for self-managing your rental property (out-of-state!) Must-have property management and maintenance software for your portfolio Four ways to tap into your rental property’s equity and redeploy it What to do (and what NOT to do) when negotiating repairs with sellers And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPockets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Follow Real Estate Rookie on Instagram Get RentRedi for FREE with BiggerPockets Pro Membership Follow Real Estate Rookie on Instagram “Like” Real Estate Rookie on Facebook TurboTenant Avail Innago Latchel Lula Ask Your Question for a Future Rookie Reply Grab “The Book on Rental Property Investing” Find an Investor-Friendly Agent in Your Area Maximizing Your Portfolio: How to Get the Most Out of Your Real Estate Investments Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-523 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Everybody says cash flow is king, but the reality of achieving that in this market is tough.
0:06.6	So today we are deep diving into questions from the Bigger Pockets, Rookie Investors,
0:11.3	and one investor in particular is struggling with ways to find an increase in cash flow in his one property.
0:17.3	So if you want to increase cash flow, is buying more rentals the right strategy or
0:22.4	is it actually something else? I'm Ashley Care and this is the Real Estate Rookie Podcast.
0:32.9	And welcome to the podcast where every week, three times a week, we bring you the inspiration,
0:37.7	motivation, and stories you need to hear to kickstart your investing journey.
0:41.3	So let's get into our first question for today.
0:43.2	So this question says, hi, I'm just starting out on my real estate investing journey and I'm
0:49.2	thinking about my first property this year.
0:51.6	The thing is, I will be moving out of the current state, leaving myself to
0:55.8	either self-manage or hire a property manager for my property. I am leaning towards the
1:01.8	self-manage option and got several questions regarding self-managing a property while living
1:07.3	out of state. I will be buying a multifamily property in a landlord-friendly state without
1:11.3	any rent control. My questions are, how should you handle the showing of the units? How do you conduct
1:18.5	the move-out inspection? Are there specific tools and any other stuff I should be aware of when
1:24.4	self-managing? So, Tony, let's go through those questions kind of one by one.
1:31.6	So set the tables, set the scenario here is moving out of state, but is going to have
1:38.5	a property in the current state that they're living in.
1:41.4	So they're moving and they're going to be an out-of-state investor.
1:45.4	The first question is, how should you handle showing of the units? So, Tony, when you had your
1:52.1	out-of-state investment, what did you do? For me, I did go the route of hiring a PM. So my PM was a person
	...

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