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 post in the Real Estate Rookie Facebook Group, call us at the Rookie Request Line (1-888-5-ROOKIE), or click here: https://www.biggerpockets.com/reply?utm_source=youtube&utm_medium=description&utm_campaign=none
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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup?utm_source=owned_media
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
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Submit Your Real Estate Rookie Question!
https://www.biggerpockets.com/reply?utm_source=youtube&utm_medium=description&utm_campaign=none
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‘Building’ Wealth as a 24-Year-Old with 12 New Construction Projects: https://www.biggerpockets.com/blog/rookie-podcast-123-donovan-adesoro?utm_source=youtube&utm_medium=description&utm_campaign=none
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The Step-by-Step Guide to Flipping Houses and High-ROI Home Renovationsw/ James Dainard:
https://www.biggerpockets.com/blog/rookie-387?utm_source=youtube&utm_medium=description&utm_campaign=none
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6 Expert Tips for Out-of-State Real Estate Investing:
https://www.biggerpockets.com/blog/real-estate-909?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Shoot Ashley and Tony a Question on Instagram!
@wealthfromrentals or https://www.instagram.com/wealthfromrentals/
@tonyjrobinson or https://www.instagram.com/tonyjrobinson/
Show notes at https://link.chtbl.com/Rookie
00:00 Intro
00:52 Buying “Haunted” Houses?!
06:27 Rental Property Design 101
14:05 How to Find a Property Manager
22:53 Changing Strategies (2,000 Miles Away!)
32:08 Banking & Lending Relationships
41:36 Send Us Your Question!
