157: The 4 Keys to Perfect Property Management & Live in Flipping as an Army Man w/ Adam Widder
Property management is a difficult yet crucial part of real estate investing. In today’s episode, our guest, Adam Widder, who was a former property manager, shares his four guiding principles that make property management more manageable.Adam got his start after college while stationed in Kansas. A fellow ROTC member advised him to start investing, and following his advice, Adam tried to find a property near Kansas State. Unfortunately, he couldn’t find anything that cash flowed, so he did a live in flip instead. He made a solid profit from his first flip and continued to do live in flips with two other properties. Before he got into real estate investing, Adam was a commercial property manager, which gave him the experience he needed to handle any property management issues in his own buildings. Based on his experience, Adam has generated four keys vital to your property management success. These four keys can simplify a considerably complicated part of your real estate journey and give you a definite advantage over your competition. In This Episode We CoverLive in flips and why they’re a great option for new investorsConventional real estate loans vs FHA Loans and why conventional loans can sometimes be the better optionSelf-management vs property management and how to figure out which one is better for youHow to find the right property manager (& red flags you should look out for)The 4 crucial keys to headache-free property managementHow to set up the right working relationship with your property manager And So Much More!Links from the ShowAshley's InstagramTony's InstagramReal Estate Rookie Facebook GroupBiggerPockets WebsiteBrandon's BiggerPockets AccountZillowApartments WebsiteFacebookNational Apartments AssociationMindy's BiggerPockets AccountBiggerPockets ProBiggerPockets Business Podcast 105: The MOST Profitable Skill to Learn (From a $200M+ VC Investor) with Codie SanchezBiggerPockets Rookie Youtube ChannelMLSAirbnbCheck out the full show notes here: https://biggerpockets.com/rookie157
Show Notes
Property management is a difficult yet crucial part of real estate investing. In today’s episode, our guest, Adam Widder, who was a former property manager, shares his four guiding principles that make property management more manageable.
Adam got his start after college while stationed in Kansas. A fellow ROTC member advised him to start investing, and following his advice, Adam tried to find a property near Kansas State. Unfortunately, he couldn’t find anything that cash flowed, so he did a live in flip instead. He made a solid profit from his first flip and continued to do live in flips with two other properties.
Before he got into real estate investing, Adam was a commercial property manager, which gave him the experience he needed to handle any property management issues in his own buildings. Based on his experience, Adam has generated four keys vital to your property management success. These four keys can simplify a considerably complicated part of your real estate journey and give you a definite advantage over your competition.
In This Episode We Cover
Live in flips and why they’re a great option for new investors
Conventional real estate loans vs FHA Loans and why conventional loans can sometimes be the better option
Self-management vs property management and how to figure out which one is better for you
How to find the right property manager (& red flags you should look out for)
The 4 crucial keys to headache-free property management
How to set up the right working relationship with your property manager
And So Much More!
Links from the Show
Real Estate Rookie Facebook Group
Brandon's BiggerPockets Account
National Apartments Association
BiggerPockets Rookie Youtube Channel
Check out the full show notes here: https://biggerpockets.com/rookie157
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