If you’re a savvy investor, you know that hiring a solid property management team is instrumental to your success. What goes into finding a reputable property manager? That’s the first question I’m answering on this Q&A episode!
On this episode of Investing in Real Estate, we’re going to talk about the demand for properties in 2023, and the future of bidding wars! Then, I’ll answer your questions about property management companies, investing in your 50’s, and doing a fix & flip deal. Tune in to hear my answers to your questions!
On this episode you’ll learn:
- How to find a reputable property manager.
- The truth about investing in your 50’s.
- What to consider before doing a fix & flip deal.
How to Find a Reputable Property Manager
We’re very proud of the third-party property management teams we work with. I believe they’re a great resource for our clients, but unfortunately we don’t refer non-clients to these companies under normal circumstances. You can find a great property management company in any city though, it just comes down to doing your due diligence. Here are some resources you can use to get started:
The Truth About Investing in Your 50’s
My personal belief is that it’s never too late to start investing. I think that age is just a social construct. Your age says nothing about you, who you are, or what you can achieve! Don’t allow limiting beliefs about age stop you from pursuing your goals.
What to Consider Before Doing a Fix & Flip Deal
My biggest advice is this: don’t turn a fix and flip deal into a full-time job. Find a trustworthy team that can help you. You’ll need everything from a project manager to a property manager.
Also, be sure that you’re in a great market. Consider metrics like crime, vacancies, job growth, and school districts.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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