By: Brandon Turner
Great story Jeff! Sorry about your wasted time on that adventure! Like you said – you learned a lot and now you know what you don’t wanna do. I’m not a huge fan of managing tenants either, but I enjoy...
View ArticleBy: Josh Stevens
Congrats on 150 articles!I have done the math every which way and always come to the conclusion you spelled out here, the margins are just too thin to make it work very easily. Most of the successful...
View ArticleBy: Page
“Most management firms aren’t created with the strategy of gaining investment clients and/or as a break-even proposition”.You’ve provided some straightforward, honest facts without the usual rant...
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By: Jeff Brown
Hey Brandon — The only part that was remotely enjoyable was my role as BadCop. After the first year my sister, in her ‘welcome’ talk with new tenants, would tell them about her big brother. “If you...
View ArticleBy: Jeff Brown
Thanks Josh — I didn’t realize I’d written that many. BiggerPockets has been a second home for me.
View ArticleBy: Jeff Brown
Hey Page — Local brokers/brokerages are a super source of biz for PMs. However, it can be a double-edged sword if the relationship isn’t completely understood by both parties. Here’s what I...
View ArticleBy: Page
Yes, I identified that conflict early on after meeting with a broker to brainstorm about a niche for my PM firm. I wouldn’t want to steal anyone’s clients for sure.I’ll need to clarify my intentions...
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By: Jen
Jeff,I am a newbie to this industry and have started working in Prop Mgmt about 9 months ago. I love real estate and look forward to investing in the future. I cannot say enough that you are totally...
View ArticleBy: Tiffany H.
Hi Bawldy, I can’t say I’m happy to hear that even you have had to go through your share of hiring and firing managers. Do you have any protips that have helped you hone in on the keepers prior to...
View ArticleBy: Jeff Brown
Hey Tiffany — I sure wish I knew those questions. What you said is wise. Those are all great questions and things to do. Problem is, I’ve even hired good firms that I fired down the road. Why? Who...
View ArticleBy: MIKE PURCELL
Jeff,Nice post. I am also using my property management background to help break further into the real estate market. I didn’t realize how unprofitable it might be. What I find when talking to people is...
View ArticleBy: Jeff Brown
Hey Mike — As long as you realize goin’ in that your management side will likely pay for itself with little if any profit, it will prove to be a real edge for you in your local market.
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By: Cheryl
Loved this post! I invest out-of-state, and I just got my first rental this year (4 family). I inherited 3 tenants, and one is vacant. One unit has the slowest payers. Another one is asking that I make...
View ArticleBy: Brandon Turner
Great story Jeff! Sorry about your wasted time on that adventure! Like you said – you learned a lot and now you know what you don’t wanna do. I’m not a huge fan of managing tenants either, but I enjoy...
View ArticleBy: Josh Stevens
Congrats on 150 articles! I have done the math every which way and always come to the conclusion you spelled out here, the margins are just too thin to make it work very easily. Most of the successful...
View ArticleBy: Page
“Most management firms aren’t created with the strategy of gaining investment clients and/or as a break-even proposition”. You’ve provided some straightforward, honest facts without the usual rant...
View ArticleBy: Jeff Brown
Hey Brandon — The only part that was remotely enjoyable was my role as BadCop. After the first year my sister, in her ‘welcome’ talk with new tenants, would tell them about her big brother. “If you...
View ArticleBy: Jeff Brown
Thanks Josh — I didn’t realize I’d written that many. BiggerPockets has been a second home for me.
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