10 Must-Haves When Hiring a Property Manager

Hiring a property manager can either make or break your rental property portfolio. The right property manager will allow you to scale and succeed with ease, while the wrong one could crush your cash flow and cause continuous headaches. This is why so many new real estate investors choose to self-manage their properties, but this isn’t always the right choice. For those who don’t want to deal with the confrontation and constant tenant calls that owning a rental property comes with, it’s probably a wise move to get a property manager on board.

But, instead of cycling through dozens of property managers to find the right fit, do what David Pere did and hire a great one from the start! While David may be a go-getter in real estate, he isn’t one to openly accept dealing with day-to-day tenant problems. When he decided to hire a property manager, he went a few steps further than most—thankfully, it paid off.

David has ten questions that every investor should ask a potential property manager before they hire them. He walks through which fees could significantly undermine your ROI and a fool-proof way to go about finding the right property manager. This is a step in the rental property playbook that you do NOT want to get wrong. So, follow David’s advice!

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00:00 How to Hire a Property Manager
00:29 Why Hire Property Management?
01:46 The Property Manager Interview
02:36 How to Find Property Managers
03:20 Questions to Ask a Property Manager
07:16 The Right Type of Property Manager
10:12 Before You Self-Manage

#realestaterookie #biggerpockets #militarytomillionaire

[kristindavies]

Thank you for sharing your experience here. This is so helpful.

[cwhite]

This is a great video. As a Property Manager in South Florida, all of this advice is great. I think its important to find someone who isn't a pushover, they will go and beyond to make sure you are happy and meet your needs without ripping through your net income. Great video !! =)

[ManageableRapTactics]

Really good info. Concise and detailed is always appreciated.

[bcy]

I learned a lot watching this Property Manager video. Thank you.

[Alyssathefierce]

This was super helpful!! Thank you for the detail and explanation!

[elizabethdavidson]

Awesome. Thanks for the question list. Really helpful. Cheers.

[miguelmontrell]

Great video, what you recommend if you are looking at investing in multi family properties in other states and finding quality property managers?

[diesur]

Very great-great questions when screening a property management team. I have a single family home that I would like to have managed due to my lack of time. Question for you though, when first starting off, how do you find a general contractor to fix the home up for ready for tenant ready to move in?

[yonmoore]

We just fired hours. She started out fantastic but then the vacancies started eating us alive. So I did a little bit of detective work and discovered that she was only doing showings during business hours. And also, the Tenant experience was not good, even for our best on-time paying tenants.

[steviesevieria]

Good starting point. The other channel that came up to the top in my search on YouTube was some wacko right wing political thing. I’m not in this for politics, I’m in it to wisely invest.

[soniaflorez]

Who is your manager? Do they manage in South Florida

[mascaretllcmanager]

Have used PM to secure tenants for SFH within exclusive resort community. Even the high end agent had critical clauses missing in their lease… likely safest to review all documents the PM plans to use.

[sevenRyeh]

When you could of sold 3 all in that time