1286 FBF: Property Management Strategies with Mom & Drew Baker, Part 1

Today's Flash Back Friday comes from Episode 951, originally published in February 2018.

It's time for Jason Hartman to have a good, old fashioned discussion on property management. This time, however, there are THREE sides at the table.

In one corner is Jason's mom, who is an EXTREME do-it-herself self-manager. In another corner is Drew, who has always been with a property management company and isn't ready to step into the self-management world. And in the final corner is Jason, with his method of a hybrid model.

Listen in as these three discuss concerns, strategies, and tips for property management, no matter which road you decide to go down.

Key Takeaways:

[7:51] The hardest part of Jason's business is property management

[10:16] Drew's properties in Indianapolis were A builds, but after the Great Recession they're in C+ neighborhoods now

[13:05] Jason's hybrid self-management practice

[17:00] Where Jason's mom gets access to running credit reports and everything she needs to do to screen tenants

[21:58] The most important thing you need to communicate to your tenant about rent

[27:52] Property managers have inherent conflicts of interest

[29:48] How Joyce gets her property ready for the next tenant

[32:26] Questioning pricing can frequently lead to dramatic reductions in price

Websites:

www.JasonHartman.com/Photos

www.JasonHartman.com/Events