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. 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. 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:

• Email: [email protected]
• Website: https://marcokozlowski.com
• Facebook: https://www.facebook.com/realmarcokozlowski/
• Instagram: https://www.instagram.com/marco.kozlowski/

CONNECT WITH GABRIEL ARAISH:

• Instagram: https://www.instagram.com/araishgabriel/
• Twitter: https://twitter.com/GabrielEAraish
• Facebook: https://www.facebook.com/gabrielaraish9
• LinkedIn: https://www.linkedin.com/in/gabrielaraish/