How often should you communicate with your property management team and what kind of inspections should be done? In this episode of The Academy Presents: Real Estate Investing Rocks, we welcome Sandra Benenate. Sandra dives into the details of what needs to be done to ensure a successful relationship between property owners and their management team.

Sandra covers topics such as making sure to hire people you trust, setting systems and protocols in place, having an employee handbook, verifying their work, and knowing protocols for stagging shortages.

Tune in now as Sandra gives listeners her advice on controlling what is shared with the bank or insurance company to avoid potential issues down the line!

[00:01 - 01:24] How To Ensure You’re Paying The Right Price And Getting The Best Service

• Angel welcomes back, Sandra Benenate
• Trust but verify when hiring a property management team

[01:25 - 07:48] Understanding The Shrinking Insurance Market For Class C Value-Add Properties

• Know what you want to discuss before going into negotiations
• Need to have an employee handbook in place
• Set systems in place to get a better range of underwriting

[07:49 - 13:09] Communication Is Key With Any Property Management Team

• The property management team needs to follow the same protocols as declared to the insurance company
• Alteration of the business model will cost more and potentially cause heartache
• Communication is more important now than ever

[13:10 - 18:49] Closing Segment

• Sandra shares her advice on how often should a business communicate with its property management teams!
• Tune in to this episode to learn more about Sandra!

Tweetable Quotes:

“There’s some compromise we can make because there's something that we can do. You still want to make sure that you're achieving your goals and your desires while getting the best management company possible for the best rate.” – Sandra Benenate

“You've set a precedent on how you want things going forward. Now is the time to review your systems, your protocols, and your expectations.” – Sandra Benenate

You can connect with Sandra Benenate!

LinkedIn: Sandra Benenate

LinkedIn: Disrupt Equity

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