Property Management Challenges and Solutions

This chapter delves into a listener's dilemma with a property manager regarding excessive supply charges, exploring possible reasons for the situation such as bulk purchasing mismanagement. Solutions discussed range from establishing clear contracts to reevaluating the property management company's suitability.

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A property manager can alleviate the burden of screening tenants, collecting rents, and maintaining your property. But if you’re not careful, exorbitant fees and unexpected charges can quickly eat away at your cash flow. Today, you’re going to learn how to navigate this relationship and ensure that you’re getting these services at fair value!

In this Rookie Reply, Mindy Jensen from the BiggerPockets Money podcast and Tiamo Wright, Director of Product and Marketplaces at BiggerPockets, are joining us to help field your recent questions. First, we discuss medium-term rentals and how they differ from both long-term and short-term rentals, as well as whether you should invest in real estate while you’re in debt. We also get into real estate development and some of the different ways to fund larger projects. Looking to buy your first short-term rental property but don’t know where to start? Our experts will point you in the right direction!

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 “manage” your property manager (and approach conflict!)

Whether you can invest in real estate while carrying student loan debt

Creative ways to get financing for a new construction project

How to buy and launch a short-term rental property

The very FIRST step you should take when buying a rental property

Mindy’s and Tiamo’s best real estate investing tips for rookies

And So Much More!

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