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Real Estate Investing: Manage the Manager
I’m going to cut to the chase. Here’s the takeaway: YOU MUST MANAGE THE MANAGER! Why? Two reasons. First, the experience of doing it yourself is absolutely invaluable. What you’ll learn from doing, instead of hearing about it, will have a big impact on your long-term success and sustainability. Second, if you do not have any first-hand knowledge of property management and hire a manager or company, how in the world will you know how to manage the manager?