Hiring a property manager can be one of the best or worst decisions in your real estate investing career. The right property manager can give you the time to scale your portfolio to new heights, all while increasing the revenue on your rental properties. But the wrong property manager can drown you in unnecessary fees, push time-consuming tasks back on your plate, and leave your properties worse off than they were before. How do you distinguish between the two when every property manager tells you they’re the best in the business? In today’s show, we’ll show you how.After building their real estate portfolios, Luke Rzepiennik and Michael Vialpando struggled to find property managers that fit their standards. They both had portfolios of short-term rentals, but no manager in their area was making the cut. With busy schedules and full-time jobs, neither of them could drop everything to become the perfect property manager. So, instead, they started Renjoy to not only manage their own properties but other investors’ properties as well.If you’ve struggled to find the right property manager in your area or are at the tipping point of needing one, Luke and Michael can help. They give a masterclass on property management, from the exact questions to ask a property manager to signs of a great one, red flags to watch out for, and when it’s time to stop managing your own properties and start hiring it out. Plus, we’ll share the huge mistake most rental property investors make and the little “fees” that can kill your cash flow when using a property manager incorrectly.Find a trusted property manager in your area today with BiggerPockets Property Manager Finder!In This Episode We CoverHow to hire a property manager so you can spend less time managing and more time scalingWhat a property manager does and the roles and responsibilities you should expect them to take on Questions you should ask any short-term rental property management company BEFORE you hire themDeath by fees and the tiny charges that are draining your rental of any cash flowWhen it’s time to hire a property manager and common property management pricing And So Much More!

Intro

Building Their Rental Portfolios

Property Management Problems

Questions You MUST Ask

When to Hire and Pricing

These Costs Will Kill Your Deal!

Medium-Term Rental Management

Saving Your Time