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
84: Rookie Reply: Pros & Cons of Inherited Tenants
83: College Coach with 10 "Doors" Renting By the Room to Students
82: Rookie Reply: How To Split Finances in a Partnership/Joint Venture
81: David Greene on Where Rookies Go Wrong When Looking for an Agent
80: Rookie Reply: How Does Property Management Handle Maintenance?
79: 19 Year Old College Student Making $18,000 Per Deal
78: Rookie Reply: How Do I Estimate Property Taxes?
77: CPA Answers Depreciation, House-Hacking, and Rookie Tax Questions
76: From No Experience to Multi-Million Dollar Business with Ellen Bennett
75: From Working on Oil Fields to Passively Investing in Real Estate with Travis Watts
74: Rookie Reply: Next Steps After Buying Your First Property
73: Partnerships: What to Do Before You Jump in With Another Investor
72: Rookie Reply: Cash Out Refinances vs HELOCs | Which Should You Use?
71: Auctions, Section 8 Tenants, and 16 Doors in South Chicago with Martin Neal
70: Rookie Reply: Should I Sell or Rent Out My Primary Residence?
69: Putting Rentals on Autopilot While Living in the Dominican Republic with Becky Nova
68: Rookie Reply: Stop Making Excuses in Business & How to Develop a “Scout Mindset”
67: Moving From Single Family Homes to Self-Storage Units with Dee Brock
66: Rookie Reply: Buying Sight Unseen & Financing Off-Market Deals
65: Multifamily, Mobile Home Parks, and Commercial Deals: All in 2 Years! with Tommy Polise
Create your
podcast in
minutes
It is Free
BiggerPockets Real Estate Podcast
BiggerPockets Money Podcast
BiggerPockets Business Podcast
BiggerPockets Daily
The InvestHER Podcast