85: Hybrid Investing, Long Distance Rentals, and Property Management with Mike McKinzie

Aug 28, 2014

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Today on the BiggerPockets Podcast we chat with Mike McKinzie, a full time real estate investor from Garden Grove, CA. Mike is an investor and former property manager who has personally dealt with over 5,000 real estate transactions, but focuses most of his attention today on using property management to invest both locally and out of state.

This show explores a variety of topics related to buy and hold real estate investing and offers a significant amount of actionable information on how to set up property management, covering everything from what questions to ask, what should be expected, and a whole lot more!

In This Show We Cover…

Growing up in a real estate family
Hybrid real estate investing
The key is to success in rental properties
Getting your real estate license as an investor
How to prepare yourself for future-changing markets
If you’re going to invest based on appreciation, THIS is how you do it!
The importance of updating trusts…
How property managers can turn into lead sources
How do you vet property managers?
What does a property manager do?
Managing your own portfolio
How neighbors will help you keep an eye on your property
How to deal with HOA’s the right way!
The importance of due diligence
The difference between housing classes
Dealing with marijuana
And a whole lot more!

Links from the Show:

Books Mentioned in the Show:

The Richest Man in Babylon by George S. Clason
Think and Grow Rich by Napoleon Hill
The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets.com

Tweetable Topics:

“You are the boss of your property manager…fire them if need be!” (Tweet This!)
“Make friends with the neighbors of your property, and you’ll always have eyes on your property…” (Tweet This!)

Connect with Mike:

Mike’s BiggerPocket Profile

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