Cover art for podcast Big Fat Real Estate Checks

Big Fat Real Estate Checks

139 EpisodesProduced by Marco KozlowskiWebsite

Big Fat Real Estate Checks is a podcast about investing in U.S based multifamily real estate. If you want to replace your J.O.B income with passive income for life, then Marco Kozlowski’s proprietary systems and processes can help you get there. Marco has been in real estate for 20+ years, and has l… read more

20:23

Ep42: What To Do When Your Property Manager Loses Their Mind? - Marco Kozlowski

As a real estate investor, having a great property manager is the most important asset we can have. But sometimes uncontrollable problems may occur and we have to deal with it as fast as we can. No real estate investor wants that cash flow go down, so it's crucial to learn and handle the situation properly.

In this episode Marco, Frank and Gabriel discuss some tips and strategies on how to deal with a bad property manager.

 

WHAT YOU’LL LEARN FROM THIS EPISODE

  • You have to follow the process and make sure you have the tenant’s contact information.
  • Things you can do to deal with absentee property manager:
    1. Send an inspector
    2. Process server and residency check
    3. Send a private investigator
    4. Get another local property manager in the area
  • You can also call three local property management companies and say you are in the middle of shifting your focus and you want to find another property management team.
  • Know your process and daily operations. Create a procedure manual to have something in place in case your property manager disappears.
  • Reasons why you're having problems with your property manager:
    1. Process wasn't followed when hiring a manager 
    2. There no constant communication with the property manager

 

RESOURCES FROM THIS EPISODE

Click here for the free quick start course "Get Deals By Tuesday" Masterclass.

 

CONNECT WITH MARCO KOZLOWSKI:

CONNECT WITH GABRIEL ARAISH:

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