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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19: Going Full-Time as a Rookie Right Out of College With Arvi Carkanji and Dave Arlaud
18: Starting at Age 45 With a "1% Rule" Property (in New Jersey!) With Tricia Baxter
17: 3 Rentals in His First Year & the Power of a Real-Life 'Rich Dad' Mentor with Derrick Ziglar Jr.
16: How to Pick Your Perfect Market: Cleveland vs. Columbus Case Study! with Dave Meyer and Jamie Gallagher
15: 5 Steps to Reach Financial Freedom in 15 Years Through Long-Distance Investing With Elyse Rasmussen
14: 4 Keys to Building a Portfolio While Working Full-Time With Robert Leonard
13: How Drew Pulled 6 Deals From His First Direct Mail Campaign With Ryan Dossey (Mentor) and Drew Wiard (Mentee)—Part 2
12: What Works (and Doesn't) in a Recession & the Untold Story of J Scott's Messy First Flip
11: Using Home Inspections to Spot "Deal Killers" and Negotiate Better Prices with Rose Buckley
10: 2 Long-Distance Rentals with $0 Down with Tony Robinson
9: Finding Off-Market Deals, Step-by-Step with Ryan Dossey (Mentor) and Drew Wiard (Mentee): Part 1
8: Why Pay Someone Else's Mortgage? Ditching $20k/Year Rent with Mallori and Lucas
7: 6 Things New Investors Should Be Doing Right Now
6: The Ultimate Beginners Guide to Tenant Screening with Lucas Hall
5: Doing Deals While Quarantined with Jeremy, Kristen, and Rafael
4: Start Now, or Wait This Thing Out? Live Audience Q&A
3: Coronavirus Crash? Do's and Don'ts from Recession Veterans Joe Asamoah and Steve Rozenberg
2: Going All Out to Secure Deal #1 (For Sale By Owner!) with Tim Goutos
1: From 4 Years of Analysis Paralysis... to 4 Cash-Flowing Properties with Lauren and Kyle Clugston
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