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Apr 2024
43m 59s

938: Scaling from 0 to 20+ Doors Using T...

BIGGERPOCKETS
About this episode

If there’s one thing that’ll make or break your real estate portfolio, it’s property management. When done correctly, property management can feed you consistent, passive income without the everyday stressors of being a landlord. Whenever you hear people talking about bad tenants, midnight phone calls, or surprise maintenance problems, they’re really talking about property management gone wrong. So, how does a rookie real estate investor, with even just one rental property, start managing the right way so they can scale their portfolio faster? 

Amelia McGee and Grace Gudenkauf, authors of The Self-Managing Landlord, did it all wrong initially. They were picking up every tenant phone call, placing every service request, taking rent payments every which way, and here’s the thing—none of it was working. As they scaled their portfolios, things only got more difficult until finally, one day, they stopped and developed a system, and like that, their businesses took off.

Now, only a few years into real estate investing, both Amelia and Grace have dozens of rental units to their names and less stress than ever before. How did they do it all WITHOUT hiring everything out to a property manager? In today’s show, they’ll share the self-managing principles they used to explode their rental portfolios while staying sane! And if you’re a new investor or are about to be one, these tips could save you YEARS of headaches!

In This Episode We Cover:

Why EVERY real estate investor should be self-managing when building their portfolio

How to start building your property management “system” that’ll save you HOURS a week

What brand new investors NEED to start doing once they have their first property

Three apps/software that every real estate investor should have

Tenant selection 101 and simple mistakes that could cost you months of rent 

How to know it's time to start outsourcing and signs you need some help

And So Much More!

Links from the Show

Find an Agent

Find a Lender

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BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

BiggerPockets Merch

Join BiggerPockets for FREE

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Expand Your Investing Knowledge With the BiggerPockets Books

Be a Guest on the BiggerPockets Podcast

Ask David Your Real Estate Investing Question

Dave's BiggerPockets Profile

Dave's Instagram

Henry's BiggerPockets Profile

Henry's Instagram

BiggerPockets' Instagram

Rookie Podcast 111 - 26 Doors in 1 Year? Here’s How You Can Do It Too! w/Amelia McGee

Rookie Podcast 161 - Using Calculated Risk to Acquire 17 Doors In Under a Year (at Age 24!) w/ Grace Gudenkauf

Self-Management vs. Property Management Company: What’s Right for You?

Book Mentioned in the Show

The Self-Managing Landord by Amelia McGee & Grace Gudenkauf

Connect with Grace & Amelia:

Amelia's Instagram

Grace's Instagram

Amelia and Grace's Website



(00:00) Intro

(01:48) EVERYONE Should Self-Manage

(04:06) How Bad Management Burns YOU

(09:31) Start Doing This NOW

(14:08) Tips for Your First Rental Property

(19:26) 3 Apps/Software You Need

(22:44) Tenant Selection and Screening

(26:56) Outsourcing vs. DIY

(32:21) When to Hire it Out

(36:11) Grab the Book!


Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-938

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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