Boston Wealth Builders

Let’s Talk about Property Management & How to Maximize Cash-flow

February 27 · 6:00 PM
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Your rental property’s performance is measured by the cash-flow (income) it produces on a monthly basis. How well the property performs is directly related to how well the property is managed. The decision to hire a property manager or self manage your income property will have a significant impact on whether expenses are controlled as well as if your monthly income is maximized.

Come join us at BWB’s next meeting and chat about the following topics:

Should I self manage or hire out? What does a property manager do? What do they charge?
How to create long-term property maintenance plans and avoid costly repairs
How to keep track of local market rental trends and how to systematically increase rents
Locating and qualifying tenants for your rentals as well as how to minimize tenant turnover
New & old tools that help you manage your rentals efficiently

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dale

Great.

0 · March 1
Emre

It was very informative. Thanks for organizing.

1 · February 28
Willie Mandrell

Great meeting. Thanks to Moshe and Phil for their contributions!

0 · February 27
Adam Finelli

This meet-up was well-organized. Thanks to Moshe and Phil for their invaluable advice. I think the overall presentation of the evening would benefit from a nice projector. Will, I would be happy to recommend some resources for audio visual equipment if you need it and will follow up with you soon.

1 · February 27
Adam Finelli

As a follow-up to the question raised this evening about online rent-payment solutions, I recommend checking out Intuit Merchant Solutions. www.intuitpayments.com.

2 · February 27
JOSE P

I will be their by 630.

0 · February 27
Hahae

Just changed my RSVP from no to yes, I can make it :)

1 · February 24
- Willie Mandrell
  
  Look forward to meeting you!
  
  0 · February 24
Willie Mandrell

Whether you decide to hire a property manager or self manage your investments, it's best to learn as much as you can about the business. It's easier to determine a managers worth when you fully understand all that is done to properly maintain your investment.

0 · February 7
dale

Hi, Moshe, I agree with your points. I would also add, can I trust the company. Property Management has a terrible reputation. I have no personal stories, but a close friend was hosed, and he was a brilliant businessman, he was to far away to self manage. This also brings up the ? of absentee ownership, especially distant absentee ownership, very tricky.

1 · February 4
- Moshe Gazit
  
  Dale, I don't think all property management companies have terrible reputation otherwise they will be out of business and that is not the case. I am in the property management business for more then 6 years. There are companies with bad reputation and there are compaies with good reputation. Let's be careful when we generalize.
  
  2 · February 4
Moshe Gazit

Hi Everyone,

The question as to whether to hire a property management company

to manage your properties is a very crucial question.

The answer might be a simple one. You just need to ask yourself a

few questions:

Do I know HOW TO MANAGE my properties?

Do I know HOW TO EFFECTIVELY SCREEN tenants?

Am I getting MAXIMUM RENT?
Do I know HOW TO MAXIMIZE MY PROFITS and MINIMIZE MY

EXPENSES?

Do I have POSITIVE AND GROWING CASH FLOW?

1 · February 4