Property management is a key component of real estate investing that can make or break your cash flow. Of course, every rookie investor could benefit from having a great property manager on board, but in a competitive market, how do you convince a reputable company to manage YOUR rental property?
Welcome back to another Rookie Reply! In today’s episode, we cover not only property management but also out-of-state investing and whether it’s ever a wise decision to change investing strategies from afar. Buying a new property but don’t have an eye for interior design? We’ll show you how to lean into your team and make your rental stand out. We even talk about “haunted” houses! Should you buy one and embrace its eerie history, or run far, far away? Tune in to find out!
Ashley:
This is real estate rookie episode 389 er should you buy a haunted house as an investment? That’s a rookie reply question, but I also had to ask Tony that same question weeks ago. Who do you get to help design your renovations? We’ll get into all of that today. My name is Ashley Care and I’m here with Tony Jay Robinson
Tony:
And welcome to the Real Estate Rookie Podcast where every week, three times a week, we’re bring you the inspiration, motivation, and stories you need to hear to kickstart your investing journey. So today we’re going to get into how to manage a short-term rental from over 2000 miles away and how to snag a great property manager for your long-term rental. Where answer the question, does having a relationship with a big bank really help me as a Ricky investor? But first let’s get to Ashley’s question about should you be buying a haunted house? Is it actually a good investment? Alright, so question number one today comes from Kenneth Clark and Kenneth says there’s a house for sale on the other side of town that’s known locally to be very haunted. It’s been abandoned for at least 10 years and it’s up for sale right now. It’s a four suite building…