#31: So, we’ve been talking real estate the last few podcast episodes.

So far, though, we’ve only talked about buying and rehabbing rental properties.

But buying/rehabbing isn’t enough.

You need tenants to actually make money – and build wealth – from real estate. Tenants pay the rent!

But how do you find great tenants? Manage them? And, importantly, keep them around?

In this week’s podcast, I talk with Mark Ainley in depth about how to manage rental properties effectively by attracting and retaining quality tenants.

Mark is a long-time real estate investor and co-founder of a Chicago-based property management company that currently manages ~1K residential doors + 2M square feet of commercial real estate.

We chat about:

• Best practices for attracting quality tenants to your listing (and screening applicants)
• Tips for managing tenants effectively – including key lease provisions, dealing with lease expirations, and regularly inspecting units
• How to retain good tenants and handle bad ones
• Key things to look for when hiring & reference-checking property management companies

If you own rental properties, what are your best practices for finding, managing, and retaining great tenants? Do you use a property management company? If so, how do you make sure you’re getting good service from them? Let me know by leaving a comment when you’re done!

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Links mentioned in this episode:

• GC Realty & Development
• Get Mark’s Tenant Scoring Matrix to help you screen tenants effectively
• HYW private Facebook community

Intro/Outro: Old Bossa by Twin Musicom.