Property management is a key component of real estate investing that can make or break your cash flow. Of course, every rookie investor could benefit from having a great property manager on board, but in a competitive market, how do you convince a reputable company to manage YOUR rental property?
Welcome back to another Rookie Reply! In today’s episode, we cover not only property management but also out-of-state investing and whether it’s ever a wise decision to change investing strategies from afar. Buying a new property but don’t have an eye for interior design? We’ll show you how to lean into your team and make your rental stand out. We even talk about “haunted” houses! Should you buy one and embrace its eerie history, or run far, far away? Tune in to find out!
If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).
In This Episode We Cover:
How to land a GREAT property manager in a competitive market
Standing out from the competition with your rental property design
How to set up a rental property while investing out of state
Why banking and lending relationships are crucial for new investors
How to change investing strategies with out-of-state properties
Whether buying a “haunted” house is ever a smart investment
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
‘Building’ Wealth as a 24-Year-Old with 12 New Construction Projects
The Step-by-Step Guide to Flipping Houses and High-ROI Home Renovationsw/ James Dainard
6 Expert Tips for Out-of-State Real Estate Investing
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-389
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
145: Leaving the 9-5 Office Life to Start a Mother-Daughter Flipping Business
144: Rookie Reply: 6 Short-Term Rental Tips from Tony J. Robinson
143: High Salary? No Thanks, I'd Rather Be Wholesaling w/Aaron Latal
142: Rookie Reply: Do You Have to Put 20% Down on an Investment Property?
141: 3 Biggest Real Estate Lessons We Learned in 2021 w/Ashley Kehr and Tony Robinson
140: Rookie Reply: Seller Financing 101
139: The Best Tax Benefits of Rental Property Ownership w/ CPA Ana Klein
138: Rookie Reply: How Do I Find Rental Comps for My Property?
137: Turning $3,000 into 10 Doors (As a Former Parolee)
136: The 6-Step Process for Buying Your First Rental Property
135: 2 Houses Flipped as a Part-Time Real Estate Agent & Full-Time Father
134: Rookie Reply: Loan Amortization and Balloon Payments Explained
133: From Server to Landlord with 10+ Units at 24 Years Old
132: Find Money, Partners, & Deals Using The “D.A.D System” w/ Mike Michalowicz
131: 4 Units At 20 Years Old & Ditching Med School for Multifamily
130: Rookie Reply: How to Spot Scam Wholesale Deals
129: 5 Properties After Spending 8 Years in Prison (With ZERO Credit!)
128: Rookie Reply: Finding & Financing Bigger Real Estate Deals
127: Buying Property While Stationed Overseas (and a $40k Rookie Mistake!)
126: Rookie Reply: Want to Be a Full-Time Investor? Learn These Skills!
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
BiggerPockets Real Estate Podcast
BiggerPockets Money Podcast
BiggerPockets Business Podcast
BiggerPockets Daily
The InvestHER Podcast