Optimizing Rental Strategies through Market Analysis

Exploring the decision-making process between long-term and short-term rentals, focusing on market research to enhance profitability and the crucial role of a dependable team in property management.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

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