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!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
Apply to Be a Guest on the “Real Estate Rookie” Podcast
Tune in to the “BiggerPockets Money” Podcast
Hacking Your Life to Live for (Almost) Free with Craig Curelop
How Nancy Rodriguez from ‘Love Is Blind’ Hit Financial Freedom BEFORE Fame
‘Building’ Wealth as a 24-Year-Old with 12 New Construction Projects
Build Your Investor-Friendly Team
The SMARTER Way to Invest in Real Estate
Find Out if You’re Eligible for a NACA Loan
Connect with Mindy & Tiamo
Mindy's BiggerPockets Profile
Tiamo's BiggerPockets Profile
Check out more resources from this show on https://www.biggerpockets.com/blog/rookie-383
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Real Estate Rookie