Hey Ken, Thanks for the video. I have always self managed and the trick was to only aquire or build within 45 minutes from home or less or 20 minutes from work or less. This has turned out to be very convenient and very doable. Chapel hill / RTP, NC
That is a good tip Shane. Reducing challenges, like distance, is a key to successful self-management. Good luck to you on your investment goals. Thanks for watching and contributing!
Does seem like Ken just schilling farming out property management. I’m actually trying to learn how to manage so I can partner with capital and run my own JV multifamily properties.
The problem with out of state property management companies is that they get a kick back on repairs. Therefore, they fix EVERYTHING! If the tenant asks for anything, the management company just fixes it. Repairs and maintenance is insane!
@Ken When do you suggest to get your roofs repaired on rental property? Near the end of the roofs life? Wait til a leak starts? Go off a roofer recommendation? I own 3 properties and also live in AZ. Thx!!
haha, you mentioned if water heater breaks I'll get a anywhere between a $250 number and a $750 number . Well I recently got the $1150 number for that. Lesson learned
Hey Ken,
Thanks for the video. I have always self managed and the trick was to only aquire or build within 45 minutes from home or less or 20 minutes from work or less. This has turned out to be very convenient and very doable.
Chapel hill / RTP, NC
That is a good tip Shane. Reducing challenges, like distance, is a key to successful self-management. Good luck to you on your investment goals. Thanks for watching and contributing!
Hi KEN ...You are a GEM..All your videos are just amazing..Keep going..Cheers..
Loved this podcast/video, Ken and Lesley!
So much value in all your videos. Thank you Ken! Learning so much :)
Nothing but a 30 minute infomercial for their property management company.
Does seem like Ken just schilling farming out property management. I’m actually trying to learn how to manage so I can partner with capital and run my own JV multifamily properties.
Yeah big waste of time.
The problem with out of state property management companies is that they get a kick back on repairs. Therefore, they fix EVERYTHING! If the tenant asks for anything, the management company just fixes it. Repairs and maintenance is insane!
@Ken When do you suggest to get your roofs repaired on rental property? Near the end of the roofs life? Wait til a leak starts? Go off a roofer recommendation? I own 3 properties and also live in AZ. Thx!!
Ha, I would say property management is also working for tips: I pay my waiters way more than the 6-10% I pay my PM's.
haha, you mentioned if water heater breaks I'll get a anywhere between a $250 number and a $750 number . Well I recently got the $1150 number for that. Lesson learned
That is a tough lesson D Thomas. Sounds like you are using that knowledge to help yourself in the future. Thanks for watching and commenting!
Please explain what syndicating means?
How can we touch base with Lesley
Loved this podcast/video, Ken and Lesley!
Thanks for watching Multifamily Insider! I'm glad you found value in it.