Self-managing rental properties is not a walk in the park, but it will be easier when you learn to do it the right way. We now have access to many resources that will allow us to be efficient in managing rental properties and it’s all a matter of finding a system that will work for you.

Watch now to learn the biggest benefits of self-managing your rental properties and how we’re able to self-manage over 200 of our rentals effectively!

Key Talking Points of the Episode

00:00 Introduction

01:02 How does automation help us self-manage our properties?

03:10 Why is it important to build good relationships with your tenants?

06:09 How did self-management help us get through COVID?

07:55 How did the pandemic affect landlords all over the country?

09:29 How can self-management work when you’re in a different city or state?

11:08 What is the reality behind self-managing rental properties?

In real estate investing, finding the right partner is key to success. More than having another person to help you with your deals, the right partner who can support you and bring skills to the table that you don’t have will open tons of opportunities to help you grow personally and professionally like we did at Cherrypick Capital. 

Watch this video to learn more about real estate partnerships and how the right one can help you grow in real estate!

Key Talking Points of the Episode

00:00 Introduction

01:05 What makes investing in a fund more scalable?

02:26 How can being in a partnership help you scale your real estate business?

03:27 What kind of partnerships can you have in real estate?

04:05 How can finding the right partner help you learn better as you do deals?

05:25 Why can a partnership help you grow faster in real estate?

07:06 How will the right partner help you step outside your comfort zone?

09:02 How can a partnership help you realize what’s possible for you?

As a real estate investor, it’s crucial to understand the differences between multifamily and single-family properties. Knowing what makes one different from another will allow you to make educated decisions that will ultimately bring you closer to your goals.

Watch this video to learn more about the differences between multifamily and single-family, and what factors you need to consider before you choose where to invest!

Key Talking Points of the Episode

00:00 Introduction

01:20 What are the benefits of investing in multifamily over single-family properties?

02:10 What makes multifamily more scalable than single-family?

03:25 How does vacancy differ between multifamily and single-family?

04:50 Why are single-family properties more in demand than multifamily units?

06:16 What makes it easier to manage tenants in a single-family than a multifamily property?

07:19 How challenging can it be to raise the value of a multifamily building?

08:21 How can the kind of tenants in a multifamily property affect your future tenants?

Self-managing rental properties come with a lot of stereotypes, especially the horrors of having to deal with tenants, toilets, and trash. This is why many real estate investors opt to hire third-party property managers, but there’s a whole other side of self-management that can be very beneficial for property owners too. 

Watch this video to learn more about the pros of self-managing your rental portfolio and why it is something that’s worth considering too! 

Key Talking Points of the Episode

00:00 Introduction

02:58 What do people think when they hear about managing rental properties?

03:36 What made Mark decide to bring property management in-house?

05:43 What is it like to work with a third-party property manager?

07:00 What are the biggest benefits of self-managing your rental properties?

08:40 How can you overcome the challenges of self-managing rental properties?

10:13 Why is your team important in making self-managing rental properties easy?

Property management is a critical component of the success of your rental properties, so you have to make sure you’re choosing the route that will work best for your goals. There are plenty of factors you need to consider when deciding on property management, so if you have not decided yet, that’s where you should begin.

Watch this video to learn more about property management and the most important factors to consider when deciding what type of property management to use for your rentals!

Key Talking Points of the Episode

00:00 Introduction

01:05 Why do we choose to manage our rental properties internally?

02:06 What factors do you need to consider when choosing property management?

03:10 How can you manage emergency calls when you’re managing your properties?

04:04 How would location affect the kind of property management you’re going to choose?

05:05 What should you be looking for in a property manager?

07:08 How do the reports from your property manager impact your business?

09:58 What questions should you ask a property manager before working with them?

Analysis paralysis can be a huge hindrance to anybody’s success, so you have to make sure that you’re taking action on the things you’re learning too. This is how we started investing in properties and it is also how Cherrypick Capital began – we had goals we wanted to achieve and we took action. 

Watch now to learn more about the beginning of Cherrypick Capital and why taking action is a critical step to your success!

Key Talking Points of the Episode

00:00 Introduction

01:17 What sparked our interest in investing in real estate?

02:45 What is the best way to learn anything?

04:15 What was it like for Adam to start investing in turnkey properties?

05:21 How did Adam’s first deal help him learn more about real estate?

06:12 How did we start working together on multifamily properties?

07:36 Why did we decide to start Cherrypick Capital?

09:31 How did the beginning of Cherrypick Capital lead us to the markets we’re in?

11:55 Why is it important to take action on what you learn?

Turnkey properties are a great investment to add to your portfolio, especially when starting. These properties, managed by professionals, come renovated with tenants, providing investors with passive income and a hassle-free approach to diversify their investment portfolio.

Watch this video to learn more about turnkey properties and why you should consider investing in them in 2024!

Key Talking Points of the Episode

00:00 Introduction

01:22 What was Adam’s experience like with his first turnkey property?

03:06 Why should new investors consider investing in turnkey properties?

As investors, we have flexibility over the type of investments we’re going to make. We can choose to be active or passive investors, which both can generate great profits when done the right way, but how can you decide which one to get involved with first? 

Watch now to better understand the differences between active and passive investing, and how you can decide which one will work best for you!

Key Talking Points of the Episode

00:00 Introduction

02:44 What is the difference between passive and active investing?

04:26 How can active investing be rewarding?

06:08 Why is it important to have control over your investments?

07:40 How can having full control of your investments be challenging?

08:38 What are the pros and cons of passive investing?

Unlike most real estate investors, Mark was introduced to real estate investing earlier in life, by his family. Learning about real estate at an earlier age allowed him to explore different asset classes more until he discovered what resonated with his goals the most. 

Watch now to learn more about Mark’s journey into real estate investing and how his decision to move back to Nebraska contributed to building Cherrypick Capital! 

Key Talking Points of the Episode

00:00 Introduction

01:00 How did Mark learn about real estate?

02:27 What was Mark’s first real estate deal like?

03:17 When did Mark decide to get into real estate full-time?

05:05 What was it like for Mark to be in mortgages during the 2008 crash?

06:45 What is a short sale?

07:24 How did Mark start investing through short sales?

08:30 Why did Mark gravitate towards real estate investing?

10:00 Why did Mark decide to move back to Nebraska?

Real estate deals can be found both off-market and on the MLS, but they often differ in quality. This is because most properties listed on the MLS are retail-ready, unlike off-market properties that are often ideal for real estate investors. 

Watch this video to learn the differences between finding deals off-market vs. finding deals on the MLS and where we prefer to look for ours!

Key Talking Points of the Episode

00:00 Introduction

00:43 Why is it challenging to find deals on the MLS?

01:25 What usually happens to deals on the MLS?

02:30 What makes off-market deals better than deals on the MLS?

03:35 How do we find deals by going direct to the sellers?

04:15 What marketing methods work in finding good quality leads?

05:04 How has cold calling evolved through the years?