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Podcast: Real Estate Investing with House Money
Episode: 6) Making Real Estate Passive Through Management & Benefits of Inheriting Tenants
Description: Real Estate Is Easy Interview John Rutledge, property manager, from Cobalt Property Services. They manage 720 units. John tells us about the “resident life cycle” and what property managers do along that life cycle. Professional property managers charge 6-12% of total revenue as a management fee. You may also see renewal fees, leasing fees, and application fees. John mentioned that you can negotiate these fees, but he would like more transparency across the industry. A very important part of this interview: make sure you’re interviewing your PMs! Ask about how often you’ll speak, fees, property type they foc...