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.

And now here's your host, Mark Marco Santorelli.

Welcome to passive real estate investing.

I'm your host, Marco Santorelli,

and this is the show where busy people like you learn how to build substantial passive income

while creating wealth for the long term.

And today's show is a very important show about property management.

As you know, my eighth rule of successful real estate investing is to use professional property management.

You never should manage your properties on your own.

There's a few exceptions to that, but generally speaking, it's not a good idea. Property management is a

thankless job and it requires a solid understanding of tenant landlord laws,

a solid understanding of marketing skills, strong people skills. These are all things that allow you to deal

with your tenants and your tenant complaints and excuses when they come up. You see your time

is your most valuable resource. It is precious and you should

spend your time with your family on your career and looking for more investment

property. So property management is not the thing you should be doing.

So what do you look for in a property manager?

Well, there's different reasons to have property management.

For example, your property management,

or at least a professional property manager

will know how to market your property to keep it rented. Vacant rental properties

are a drain on you and a drain on your cash flow and it doesn't make a productive asset. An experienced property

...