Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
Want Truly Passive Income? Grab “The Hands-Off Investor”:
https://store.biggerpockets.com/products/the-hands-off-investor?utm_source=owned_media
Property Manager Finder:
https://biggerpockets.com/findapm
Learn from the Best Investors at BPCON2024 in Cancun!
https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none
Here’s How To Earn Modern and Traditional Passive Income in 2024:
https://www.biggerpockets.com/blog/how-to-earn-passive-income-in-2024?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Hannah:
https://www.biggerpockets.com/users/hannahe16?utm_source=youtube&utm_medium=description&utm_campaign=none
Most people invest in real estate for the “passive income” only to realize that the income isn’t all that passive. Managing your own rental properties or doing your own repairs can quickly become a second job—but it doesn’t have to be this way. Whether you’ve got two units or twenty, you can start making simple changes to make your real estate portfolio WAY more passive, and we’re going to share a few of them with you today!
Rookie investor with two properties and licensed mortgage advisor Hannah Escher has some simple strategies that will free up your time as a landlord. From hiring out property management to putting time-saving systems and processes in place, you can easily shave off hours of rental property work every week while making more of that “sit on a beach somewhere” type of passive income! Ready to begin passive investing? Let’s get into it!
00:00 Want Passive Income
01:08 Processes Make Things Passive
02:59 Hire Property Management
05:13 Pros/Cons of “Passive” Investing
06:30 How to Start
08:37 DON’T Put It on Autopilot!