Jason Hartman has a check in for this client case study with Drew. Drew recently took charge of 6 homes in the Indianapolis market to self-manage, and has a nice story of increased profit to accompany it. After adjusting rents to meet market prices and getting rid of management fees and the like, Drew has been able to increase his monthly cash flow by around $1,300.
Drew explains to Jason how he’s formed relationships with his tenants that have been incredibly helpful to his bottom line, the software he’s using for management, and how much time it’s actually taking him per month to manage his properties.
[3:12] Where Drew has started self managing and why
[7:15] Drew put money into his property but came out ahead financially
[12:47] Always remember that your tenants are your customers
[18:07] Drew has raised his income by over $1,300 a month since he started
[23:37] How much is Buildium and why did Drew choose it?
[26:13] How much time per property is Drew spending a month? How long does a rent ready take?
[34:51] Just because you start self-managing doesn’t mean you always have to. If you change your mind there’s always another option