428: Rookie Reply: How to Analyze Rentals for Cash Flow & Manage a Rehab Project

Jul 5, 2024

Learn how to ensure cash flow in rental properties, manage rehab projects, list rentals on Google Maps, and decide between cash or mortgage. Discover strategies for cash flow, tenant screening, and rehab management. Find out tools for project management and rental analysis, setting up a mailbox for short-term rentals, and diversifying revenue streams with Airbnb. Dive into the debate of cash vs. mortgage for real estate investments and engage with the BiggerPockets community for valuable insights.

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Intro

00:00 • 5min

Managing Reserves and Maximizing Returns on Rental Properties

04:55 • 3min

Strategies for Cash Flow, Tenant Screening, and Rehab Project Management

08:11 • 4min

Tools and Methods for Managing Rehab Projects and Analyzing Rentals

11:42 • 11min

Importance of Setting Up a Mailbox for Short-Term Rentals

22:17 • 2min

Discussion on Direct Bookings and Risks of Sharing Property Address for Short-Term Rentals

24:00 • 4min

Diversifying Revenue Streams with Airbnb Addresses on Google Business

27:32 • 5min

Cash vs. Mortgage: Real Estate Investment Strategies

32:17 • 10min

Analyzing Rental Properties for Cash Flow and Engaging with the BiggerPockets Community

42:05 • 4min

Most investors buy rental properties for cash flow, and the fear of losing money keeps many rookies on the sidelines. How can you be certain that you’re going to make a profit before you buy? Today, Ashley and Tony will show you how to do your due diligence so you don’t get stuck with a problematic property!

Welcome to another Rookie Reply! Property expenses are a necessary evil of real estate investing, but in this episode, we’ll show you how to stop these costs from ruining your cash flow. But that’s not all. We also offer tips for managing rehab projects and staying on budget, from building a detailed scope of work to implementing tools and software that will help you stay organized throughout your project. Should you list your rental property online? We discuss the benefits of creating a Google Business profile, and finally, we settle the great debate between paying cash for a property and taking out a mortgage!

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).

Support Today's Show Sponsor, Hospitable!

In This Episode We Cover

How to ensure a deal will cash flow before buying the property

Building a scope of work (step-by-step) and tools to keep your rehab project on track

The pros and cons of paying cash for a property versus getting a mortgage

How to get your rental property to show up on Google Maps

Why you NEED to create a Google Business profile for your Airbnb

How to prevent capital expenditure (CapEx) from eating into your cash flow

And So Much More!

(00:00) Intro

(01:25) Will My Deal Cash Flow?

(08:17) How to Manage a Rehab Project

(17:14) Listing Your Property on Google

(26:04) Paying Cash vs. Getting a Mortgage

(37:12) Send Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-428

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