NARPM Radio

Building Bridges: Property Managers and Investors Working Together

7 snips
Dec 18, 2024
Ashley Kehr, co-host of the BiggerPockets Real Estate Rookie podcast and author of 'The Real Estate Rookie,' shares her journey through real estate investing and property management. She emphasizes the importance of data and systems for property managers to thrive. Strategies for building investor relationships are discussed, including leveraging networking platforms and meetups. The conversation also tackles the dynamics of the investor-manager relationship, underscoring the value of clear communication and education to enhance collaboration and operational success.
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ANECDOTE

Ashley's First PM Experience

  • Ashley Kehr's first property management experience was managing a 40-unit complex with disorganized records and no software.
  • She learned by doing, eventually using this experience to understand real estate's power and start her own portfolio.
ADVICE

Focus on Systems and Processes

  • Understand a property manager's systems and processes before hiring them. Ask specific questions about various scenarios.
ADVICE

Maintain Written Communication

  • Keep all communication with property managers in writing, even if you have a good relationship. This creates a clear record of agreements and decisions.
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