In this episode of 'The 20 Minute Investor,' we discuss the complexities of property management and the crucial decision of whether to self-manage or hire a property manager.
We share personal experiences and insights from our real estate investment journeys, highlighting the significant impact this choice can have on investors' lifestyles, especially when managing properties remotely.
Tune in for actionable tips and considerations to avoid common pitfalls faced by new remote rental investors.
Chapters:
00:00 Introduction to Property Management Challenges
00:26 Meet Your Hosts: Erin and Nathan
00:59 Biggest Mistake: Underestimating Property Management
01:44 Erin's Self-Management Journey
02:19 Nathan's Approach to Property Management
04:01 The Realities of Property Management
05:19 Lessons Learned and Final Thoughts
09:54 Balancing Family and Property Management
12:17 The Cost of Self-Management
13:55 Dealing with Property Managers
17:47 Conclusion and Call to Action
The Hybrid Real Estate Professional