logo
episode-header-image
Aug 2018
1h 26m

294: Meet Property Management Extraordin...

BIGGERPOCKETS
About this episode

Are you happy with the current state of your real estate business? If you’re like most people, the answer is no. On today’s show, we interview property management superstar Jesse McCue and dig deep into how he’s became Maine’s top property manager as well as a successful RE investor along the way. Jesse shares how he formed a partnership with a successful business to become an owner of the company, as well as how he bought a 67-unit hotel off of a tip from his electrician for half of its appraised value! You’ll be amazed as he describes a strategy that is “better than BRRRR”—and most importantly, the number one question you need to ask a property manager to find out if they are the right choice for you. If you want to learn how to put fundamental business skills to work in your investment business, this is a show you do not want to miss!

In This Episode We Cover:

  • How Jesse was bitten by the real estate investing bug
  • How he turned around a property in 6 months that required 8 years of budgeted rehab money
  • The tactics he uses to hire people to help him scale his business
  • How he made himself invaluable to a rising star and formed the perfect partnership 
  • The questions you need to ask a property manager to determine if they are a rockstar or a dud
  • Tips on buying a motel
  • The “better than BRRRR” strategy
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Fire Round Questions

Tweetable Topics:

  • “When you know the people, you know what’s going on.” (Tweet This!)
  • “If you are unhappy, your systems are broken.” (Tweet This!)
  • “Do the things that make you feel light and not the things that make you feel heavy.” (Tweet This!)

Connect with Jesse

Learn more about your ad choices. Visit megaphone.fm/adchoices

Up next
Aug 22
How to Invest in Real Estate on a Middle-Class Salary ($70K or Less)
Do you make a middle-class income ($70,000 or less) per year and want to invest in real estate? This is how you do it. You don’t need a six-figure salary to buy your first rental property and start building generational wealth and early retirement. Dave is a testament to this, bu ... Show More
44m 54s
Aug 20
The Best Real Estate Loans You DON’T Know About
These investment property loans can get you a 4% interest rate, a lower monthly payment, or require very little cash at closing. They’re still available in 2025, but most real estate investors are unaware of them. We’ve used these exact strategies on our rental properties in the ... Show More
37m 26s
Aug 18
Home Prices Could Stagnate for Years
We may be entering a rare period where home prices stagnate for years. It’s been a long time since we’ve seen real estate prices not appreciate year-over-year, but this reality is becoming increasingly likely every day. With low affordability, high mortgage rates, rising supply, ... Show More
38m 49s
Recommended Episodes
Apr 2024
389: Rookie Reply: How to Find a Property Manager & Set up Rentals Out of State
Property management is a key component of real estate investing that can make or break your cash flow. Of course, every rookie investor could benefit from having a great property manager on board, but in a competitive market, how do you convince a reputable company to manage YOUR ... Show More
50m 12s
Jun 2024
536: My Property Manager Robbed and Ghosted Me ($40K Stolen!)
If you get your property management wrong, you could lose tens of thousands of dollars. A sketchy property manager could take all your rent and run, leaving you with the bills and no hope of recovering your long-lost rent checks. That’s precisely what happened to today’s guest, a ... Show More
53m 10s
Mar 2024
383: Rookie Reply: “Managing” Your Property Manager & How to Invest While in Debt w/Tiamo Wright and Mindy Jensen
A property manager can alleviate the burden of screening tenants, collecting rents, and maintaining your property. But if you’re not careful, exorbitant fees and unexpected charges can quickly eat away at your cash flow. Today, you’re going to learn how to navigate this relations ... Show More
37m 20s
Aug 2023
313: The REAL Side of Real Estate: When Rehabs and Rentals Go Wrong w/Tyrin Tyson
No real estate investing journey is ever sunshine and rainbows, but some are certainly more difficult than others. Many rookie investors are either so fearful of making a mistake that they experience “analysis paralysis” or are so eager to own property that they rush into several ... Show More
1h 5m
Aug 2023
317: 7 Deals in 2 Years with HUGE Cash Flow: How to Grow Your Real Estate FAST w/Mackenzie Brogdon
Growing a real estate business with multiple rentals and HUGE cash flow…in just two years!? How do you get so many deals done in such little time? Simply by putting one foot in front of the other, today’s guest was able to create a sizable portfolio in no time—allowing her husban ... Show More
50m 30s
Sep 2020
28: Balancing 8 Properties with a Full-Time Career and Family with "Property Pastor" Marsay Winder
We all have the same 24 hours per day... so be like Marsay Winder and make the most of them!He calls himself the "Property Pastor," and he owns 8 properties (24 units) in the Virginia Beach, VA area. Marsay juggles his business with his family life and a full-time career in manuf ... Show More
58m 43s
Jul 2021
96: Rookie Reply: How Much do Property Managers Charge?
This week’s question comes from Lisa on the Real Estate Rookie Facebook Group. Lisa is asking all about property management this week: I’ve never had a property manager, what are the responsibilities of one? I was recommended a manager and was told he charges 10%. What is the ave ... Show More
18m 10s
Jun 2024
421: Turning a “Failed” Property Into a $7K/Month Rental by Doing THIS Instead w/Kayley George
A rental property that doesn’t cash flow can be a nightmare for new investors. But when the numbers no longer work, remember that not all is lost. Pivoting to another investing strategy can help save your property and get you right back in the green! Welcome back to the Real Esta ... Show More
48m 13s
Jul 2023
302: Rookie Reply: How to Get 100% Financing for ALL of Your Real Estate Deals
100% financing for ALL of your real estate deals? Without thousands of dollars saved up, many people assume there’s no way for them to invest in real estate. But that’s far from true. Today, you can fund your entire real estate deal—including purchase price, down payment, closing ... Show More
41m 43s
May 2024
413: Rookie Reply: How to Invest in Real Estate While Working 9-5
If real estate investing was easy, everyone would be doing it! The truth is that, despite the financial freedom and flexibility it offers, investing is hard work. And it’s even more difficult if you’re working a full-time job or raising a family. But with good time management and ... Show More
40m 38s