Property Management for Beginners: Hire a Pro or Manage Yourself?

Episode #1094

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Property management can make or break your real estate portfolio, and most new investors don’t know where to start. Do you hire a property manager or self-manage your rental(s)? How do you know a property manager will ensure your rental is performing instead of just collecting a monthly fee? Should you use a local property management company or a national chain?

The real question: who will make YOU more money and keep your rental on track with your goals?

Want to spot an average property manager vs. one that builds your wealth? Follow Selali Kalevor’s advice. He’s not only a property manager himself but an “upside” investor as well, who knows what it takes to make not only his clients' properties perform but also his own. He shares the key questions to ask ANY property manager and must-know tips for self-managing rentals.

Plus, Dave and Selali describe the one thing that makes a property manager a massive value to rental property investors, and if your manager can’t do this, you might as well find a new one.

00:00 Intro
01:56 Becoming a Property Manager
06:12 Picking a Property Manager
11:09 Local vs. National Property Managers
18:58 Best Managers Do This
24:56 How to Self-Manage
27:11 Know Your Property’s “Why”