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Updated over 7 years ago on . Most recent reply
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Buy & Hold for Newbies - when & how to get a Property Manager?
hi! just starting out on my REI journey and am in the learning phase. Looking to get into REI for the cash flow to diversify my income streams and get to financial independence quicker. My husband & I are pursuing this goal together but we both have full time jobs so we are not looking to be a landlords. In listening to podcasts so far on REI topics, I get the impression that lots of folks start off managing their own properties before they get a PM, and once they do they usually have lots of properties which seems like an incentive for a good PM to take on their business. so as we get started I'm wondering - how do you get a property manager to manage just one property when I first start? As a beginner I'm assuming it will take time to acquire more properties to get to our cash flow goal since we are planning this as a side hustle. Also at what point in the process do you start looking for a PM? Before you even have a property? I'm assuming after it's ready to go may be a bit late? Got any thoughts/advice on this area? Thanks so much!!