Click here to skip the intro and go direclty to my latest post over on BiggerPockets.
A few weeks ago a reader from this blog approach me regarding real estate “coaching”. After several email exchanges and a phone call, I agreed to work with him on acquiring his first two rental properties. During our first session, this investor asked me how I was able to juggle a demanding job in corporate america, going on vacation every four weeks, and manage a very active investment portfolio, my response to him was simply. . . ” I don’t”.
He was shocked to hear this. Needless to say, the next 2o minuets explaining a few of the systems I used to work with local management. After I walked him through my reasoning, he realized that he didn’t have to handle the day-to-day operations to be a successful investor (I know that sounds obvious, but this is a huge hurdle for a lot of new investors).
It was this conversation that was the inspiration for my latest post over on BiggerPockets. In this post I discuss how using local management has actually allowed me to increase my returns even though it adds cost to my bottom line.
If you are interested in how to find a property manager or how to best utilize their services, I think you’ll enjoy this article. Please stop by and share your thoughts!
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