Is a good property manager the first team member you should find?

[Darryl Bull]

Hi everyone - A lot of what I am reading says that a property manager is one of the most important team members to find first for the following reasons:

- They are usually connected in the local community and can make intros.

- They likely have "boots on the ground" experience and knowledge of local labor costs, operational costs, rent potential, regulations, and property histories.

- They can be a great check and sounding board on the financial projections and value add analyses that you do.

Do you agree with this?

What else should I have included in why they make a great first team member (or not)?

Happy Thanksgiving! And happy investing!

[Nicholas L.]

@Darryl Bull

it depends - if you don't own anything yet, then agent and lender should be your first stops

and a PM can tell you what places will rent for - but they're generally not going to review "financial projections and value add analyses that you do"

but sure - go and talk to anyone you like, ask them any questions you want