Property management is a difficult yet crucial part of real estate investing. In today’s episode, our guest, Adam Widder, who was a former property manager, shares his four guiding principles that make property management more manageable.
Adam got his start after college while stationed in Kansas. A fellow ROTC member advised him to start investing, and following his advice, Adam tried to find a property near Kansas State. Unfortunately, he couldn’t find anything that cash flowed, so he did a live in flip instead. He made a solid profit from his first flip and continued to do live in flips with two other properties.
Before he got into real estate investing, Adam was a commercial property manager, which gave him the experience he needed to handle any property management issues in his own buildings. Based on his experience, Adam has generated four keys vital to your property management success. These four keys can simplify a considerably complicated part of your real estate journey and give you a definite advantage over your competition.
Ashley Kehr:
This is Real Estate Rookie episode 157.
Adam Widder:
These are people, these are their lives, these are their homes, so be proactive in communication when things are going wrong. When you’re fixing things, let them know, and let them know what’s going on. They want to hear from you. You might not think it, but they are going to appreciate more communication than less communication.
Ashley Kehr:
My name is Ashley Kehr, and I am joined by Tony Robinson.
Tony Robinson:
And welcome to the Real Estate Rookie Podcast, where every single week, two times a week, we give you the interviews, the stories, and just the real life of happenings of real estate investors, making it happen doing their thing, so you can get started as a real estate investor.
Ashley Kehr:
Yes. We love all of our rookies and every single week, we love having different guests on the show. And today, we have another awesome guest for you guys, Adam….