Hacking Real Estate Podcast

Ep. 6: Self-managing Properties for Cash Flow with Chris Hsu

4 snips
May 18, 2023
Chris Hsu, a West Point graduate and real estate entrepreneur, shares his inspiring journey from military life to mastering self-managed rental properties. He discusses how optimizing cash flow guides his investment strategies and why trust is crucial in building a support team. Hsu dives into the challenges of property management during the pandemic, detailing plumbing and roofing woes, while emphasizing the importance of a personal touch with real estate agents and property managers. His insights are invaluable for both novice and seasoned investors!
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ANECDOTE

First Rental

  • Chris Hsu's first real estate venture involved renting out his previous home after buying a new one.
  • This leveraged approach resulted in doubling his initial investment, sparking his interest in real estate.
ADVICE

Self-Management

  • Self-managing properties can be more efficient and cost-effective than using property managers, especially with tools like Azibo.
  • Consider self-managing for longer-term rentals in good locations, as they often rent themselves.
ADVICE

Finding an Agent

  • Find a trustworthy real estate agent who can connect you with reliable local contacts like inspectors and plumbers.
  • Plumbing issues are a major challenge in rental properties and should be thoroughly evaluated.
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