I’ve always felt that although you make your money when you buy, you don’t cash in on that until you initiate a great (not just good) management strategy.
We have managed our own assets for many years and learned what works and what doesn’t firsthand. Recently, we hired a manager for an apartment building we purchased that was too far for us to manage ourselves. Through the process of building our management team and then interviewing other management companies, I have realized that there are things that separate a good management company from a great one.
Download Your FREE Rental Application Form!
It may seem like a small thing, but having a solid rental application is the first step in finding great tenants. Since BiggerPockets is all about helping you succeed in real estate investing, we’ve put together a complimentary Rental Application for you to use. Download it today and go find some great tenants!
What Makes an Exceptional Property Manager
In today’s video, I review what the baseline requirements are that make a manager good — and what it takes to go the extra mile and become a great property manager.
Please leave a comment if you have hired a great manager or are one yourself. I would love to hear what you think separates the good from the great!
Have a great and profitable week!