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Updated about 2 years ago,
Is a good property manager the first team member you should find?
Hi everyone - A lot of what I am reading says that a property manager is one of the most important team members to find first for the following reasons:
- They are usually connected in the local community and can make intros.
- They likely have "boots on the ground" experience and knowledge of local labor costs, operational costs, rent potential, regulations, and property histories.
- They can be a great check and sounding board on the financial projections and value add analyses that you do.
Do you agree with this?
What else should I have included in why they make a great first team member (or not)?
Happy Thanksgiving! And happy investing!