Accelerated Real Estate Investor 328: Property Manager Neglect: Operational Risks to Your Business #3 with Josh Cantwell
A bad property manager isn’t just a bad investment. They have the power to threaten your deal, take it down, or even directly create negative cash flow. If they don’t do what you need them to, they can turn your investment on its head in record time–and do serious damage to your portfolio along the way.
With that in mind, today’s installment of the Operational Risks series is all about property management failures. Based on my own experiences, as well as those of several people I know, I’m sharing the common mistakes investors make when it comes to property management.
You’ll learn how to avoid bleeding money, how to turn bad situations into cash flow positives, and the critical differences between a bad property manager and a good one.
Key Takeaways with Josh Cantwell
- Key questions to ask any property manager you’re interviewing.
- Why you should NEVER let your property manager do your capital improvements.
- Why property managers are generally terrible at marketing.
- How to determine if you’re spending too much on utilities, staffing, or other operational expenses.
- Why some property managers will rent to tenants below your guidelines–and how this can become a serious problem 4-6 months later.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/328
Rate & Review
If you enjoyed today’s episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, Spotify and YouTube so future episodes are automatically downloaded directly to your device.
You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU!
Connect with Josh Cantwell
Sign up for the Forever Passive Income Partnering, Mastermind and Coaching Program with Josh Cantwell
To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com