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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163: Using Short-Term Rentals & House Hacks to Become Financially Free in 2 Years w/ Andrew Bresee
162: Rookie Reply: Permitting Problems and Finding Hard Money Lenders
161: Using Calculated Risk to Acquire 17 Doors In Under a Year (at Age 24!) w/ Grace Gudenkauf
160: Rookie Reply: How to Borrow Money for Down Payments (and Pay it Back!)
159: Building an Out-of-State Empire by Using the Right Type of Real Estate Agent w/ Sarah Weaver
158: Rookie Reply: The Best Career Moves for an Aspiring Real Estate Investor
157: The 4 Keys to Perfect Property Management & Live in Flipping as an Army Man w/ Adam Widder
156: Rookie Reply: What’s The BEST Vacation Rental Loan?
155: Progress Over Perfection: Building Wealth w/o Any "Home Run" Properties w/ Ali Garced
154: Rookie Reply: Is Investing with Family Members a Mistake?
153: 20 Deals in a Year as a Professional Basketball Player w/ Terry Harris
152: Rookie Reply: How to Fund Real Estate Deals (and Scale Bigger!)
151: 28 Units as a Full-Time Surgeon and Escaping the “Golden Handcuffs” w/ Daniel Shin
150: Rookie Reply: Which Rent Numbers Can You Trust When Analyzing a Deal?
149: 55-Unit "Mobile Home Queen" and The Nightmare 17-Month Rehab w/Emily Fackler
148: Rookie Reply: Should You Buy a Rental Before Buying Your Primary?
147: 13 Flips as a Full-Time Flight Mechanic and Part-Time Lender w/ Anthony Michael
146: Rookie Reply: How Tony Robinson Lost His Job (and Found His Freedom)
145: Leaving the 9-5 Office Life to Start a Mother-Daughter Flipping Business
144: Rookie Reply: 6 Short-Term Rental Tips from Tony J. Robinson
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