Real Estate Rookie

Is Cash Flow STILL King? How to Get More of It in This Market (Rookie Reply)

Feb 14, 2025

Cash flow is becoming a challenge for investors in the current market, prompting innovative strategies to maximize returns. Learn how to manage rental properties effectively from afar, covering everything from showings to inspections. Key tips on leveraging equity for future purchases are shared, alongside insights on whether to pay off an existing rental or buy more. Discover essential negotiation tactics when dealing with repairs, ensuring you're prepared to navigate the complexities of real estate transactions!

40:02

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Quick takeaways

Managing rental properties from afar can be effectively achieved by hiring local property managers and utilizing property management software for efficiency.

Investors looking to increase cash flow can leverage property equity through refinancing or other avenues, strategically deciding between immediate cash flow and long-term asset retention.

Deep dives

Achieving Cash Flow as an Out-of-State Investor

Finding ways to increase cash flow is essential for investors, especially those managing properties from out of state. One strategy discussed involves hiring property managers or leasing agents to handle property showings and move-ins, which is crucial for investors not present on-site. Investors can employ local real estate agents to manage viewings or even use a maintenance person to oversee tenant transitions. Accessing these local networks can alleviate the challenges of self-managing properties from afar, ensuring operational efficiency.

Intro

2min

Navigating Property Leasing and Management

8min

Self-Managing Rental Properties

5min

Strategic Property Acquisition Insights

7min

Innovative Equity Strategies for Real Estate

6min

Navigating Escrow and Repairs in Real Estate Transactions

10min

Cash flow is hard to come by in this market. Just a few years ago, it was easy to find rental properties that met the one-percent rule, but today, you need to get creative if cash flow is your main goal. Is buying more rentals the most obvious fix, or is there another strategy that people aren’t talking about? Stay tuned to find out!

Welcome back to another Rookie Reply! Today, we’re returning to the BiggerPockets Forums to answer more of your recent questions, and first up, an investor needs some help managing their rental property from afar. Who handles showings? Move-out inspections? We’ll show them how to turn their out-of-state investing operation into a well-oiled machine.

Next, we’ll hear from an investor who wants more cash flow. They already have one rental property, so should they pay it off or start looking for their next rental? We’ve got several strategies that they (and YOU) can use!

Finally, what happens when a property you’re looking to buy needs repairs? We’ll share some crucial dos and don’ts when negotiating with sellers!

Looking to invest? Need answers? Ask your question here!

In This Episode We Cover:

The BEST strategies to increase your portfolio’s total cash flow

Tips and tricks for self-managing your rental property (out-of-state!)

Must-have property management and maintenance software for your portfolio

Four ways to tap into your rental property’s equity and redeploy it

What to do (and what NOT to do) when negotiating repairs with sellers

And So Much More!

Links from the Show

Ashley's BiggerPockets Profile

Tony's BiggerPockets Profile

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