Landlords handle leasing, tenant screening, evictions, maintenance, and emergency calls. Property management companies can take those off your plate, though you'll pay fees. The speakers manage their own portfolio and adjust fees during vacancies.
So you're interested in buying a rental property but you're not sure if property management is right for you. Well, do you enjoy tenants and toilets? Do you enjoy that 2am phone call on Saturday night from your tenant that just flushed a GI Joe down the toilet?
He is right on point. A lot of people don't realize that if you're acting as a property manager for a rental property, it can turn into a full time job. You're leasing the property, you're doing the due diligence on the tenants that are going to be there. You're handling any evictions, you're handling all the maintenance requests. It can be a nightmare, not to mention all the financial involved. What we like to do with our property management company is take care of all of that work for you so that you can go and live your best life and do what you love to do while generating cash flow. And we do all the work. What we try to differentiate in within our company as well is to align ourselves with you. Our property management company actually manages our own portfolio and I talked to our property manager and I said, hey, when I have a vacancy, I'm paying for the turn and I'm not getting any rent. Can you help me out here? Because now you're charging a leasing fee. And so we worked with a new program so they don't charge a leasing fee when we, the investor, are already hurting and we don't have that cash flow. So if you want to learn more, then come check us out. I think we have a quiz.
Yes, actually we have a quiz to see if property management is right for you. So click the link in the bio and take the quiz.
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