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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35: Doubling Cashflow by Renting out Rooms with Pharmacist Ryan Chaw
34: School Teacher Making $72,000 a Year in Cashflow with Amy Barber
33: A Marine (and his Mentor) Buy a BRRRR: Step-by-Step with Joe Roberts and Steve Rozenberg
32: Debt Free with 2 Rentals and Counting with 24-Year-Old ICU Nurse Prescott Williams
31: Partnering Up, Part 2: Two Real-World Case Studies with Amy Swayze and Chris Lawrence
30: How to Structure a Partnership, Part 1 with Felipe & Ashley
29: Growing Your Portfolio with Turnkey Investing with Whitney Hutten and Lance Robinson
28: Balancing 8 Properties with a Full-Time Career and Family with "Property Pastor" Marsay Winder
27: 5 Doors by Using Seller Financing for the First Time with Aaron Chapman
26: Mindset Shift at 40 to Start Real Estate Investing with Derek Tellier
25: What Appraisers Look For and What it Means for You with Investor/Appraiser Josiah Smelser
24: 13 Units Despite Being Stationed 5,000 Miles Away with Naaman Taylor
23: From Dave Ramsey Disciple to No-Money-Down Real Estate Investor with Sarah Brandenberger
22: 5 Rentals on Autopilot with Full-Time Highway Patrolman Ruben Galindo
21: 5 Frequently Asked Questions When Starting Out with Felipe and Ashley
20: Using Lines of Credit to Kickstart Your Investing Career with Charlie Ashley
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
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