Why I Had To Fire My Property Manager With Rob Drum (Ep 142)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 30 January 2018
⏱️ 26 minutes
🧾️ Download transcript
Summary
Rob hired a property manager to run the property for him. Things went well at first, but eventually things went bad. On this episode of the podcast, we talk about what happened and how Rob dealt with it.
Transcript
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| 0:00.0 | Inspiring interviews with today's top landlords. This is the rental income podcast. And now, Dan Lay. |
| 0:10.1 | Joining us on the podcast today from Birmingham is Rob Drum. Rob started owning rental property, |
| 0:16.3 | you see the exact same way that I did. He bought a house. He lived in that house. And then at some point, |
| 0:21.7 | he decided to buy another house, and he turned his first house into a rental property. |
| 0:27.8 | Things have gone all right. He's overall, he's doing really well with it, but he's had some |
| 0:33.0 | problems with a property manager. So I want to hear why he had to fire his property manager. |
| 0:38.9 | So we'll get into that here in just a second. First, we need to get a wording from our sponsor. |
| 0:43.4 | We'll come back in 30 seconds and we'll meet Rob. |
| 0:46.1 | Are you on track to achieve your financial goals? Income producing real estate is the most |
| 0:50.3 | historically proven way to accumulate wealth and has created more financial freedom than any other means. |
| 0:56.3 | Norata real estate provides everything you need to invest in the best turnkey cash flow rental properties. |
| 1:01.8 | Our simple proven system will help you create real wealth and passive monthly income. |
| 1:06.3 | Get your free strategy session with our knowledgeable investment counselors at Noradarrealestate.com. of your guests. And then I started listening to podcasts, |
| 1:28.1 | listened to a lot of your podcast. |
| 1:32.2 | And then I just was interested in buying an investment property and renting it out. |
| 1:42.8 | I put my own house for sale. We had a contract on it, but the contract |
| 1:52.4 | fell through, and we had already moved out. We had signed up to build another house, and we found |
| 2:00.2 | out we were pregnant with our first baby |
| 2:02.7 | all within about a week. Wow. And yeah. And so I decided that that would be a good time |
| 2:13.0 | to learn to be a real estate investor. So your initial plan was that you were going to sell your house, |
| 2:20.1 | but then when the contract fell through, you said, okay, well, we got a rent. This is maybe a good |
| 2:25.2 | opportunity to get into it. Yes. Now, so, I mean, you had rich, read rich dad, poor dad, |
... |
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