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
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115: The BRRRRent-to-Own Strategy: A Win-Win for Tenants and Landlords
114: Rookie Reply: Should I Get Preapproved From Multiple Lenders?
113: The 6 Traits Every New Real Estate Investor Needs to Succeed
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110: Rookie Reply: Informing Inherited Tenants of a Change in Ownership
109: From Sleeping in His Car to Multi-Unit Landlord & The "Nomad" Strategy
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107: 10 Income Streams on 1 Property by “Land Hacking” w/ Kai Andrew
106: Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert
105: Don't Lose Your Portfolio to Lawsuits! Here's How to Protect Yourself
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101: Campgrounds: The Investment You've (Probably) Never Thought About
100: Why Brandon Turner Encourages Rookies to "Start Small and Scale"
99: Buying a 51-Unit Property with 0% Interest and No Money Down
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