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Managing Your Real Estate Asset
Regardless of your preferred property class, the way in which it is managed can make or break an investment. Competent property management can mean the difference between a successful investment and a financial albatross. Many first-time investors make the mistake of discounting the need for adept property management and find themselves in hot water.
From maintenance to tenant issues, there is a lot that goes into managing a real estate asset. If you plan on self-managing your property, you need to understand these aspects. Even if you hire a property manager, you need to understand fees and cost breakdowns.
Fortunately, the tech boom has enabled investors to more fully understand the administrative and operational functions of owning and managing a real estate asset. Now, you can connect with professionals that have the experience and know-how to guide you and empower you in understanding the property management process.
Property Management Meets Accessibility
For many investors, self-managing a property has meant a lot of trial-and-error; getting into what looks like a sweet deal only to find out it’s a lemon or worse… a total disaster.
But now, emerging technologies in the property management industry are allowing investors more access to the tools and resources needed for understanding the nuances of the field. Now you can get consolidated access to professional services and data so you don’t have to piece together you don’t have to learn how to manage a property the hard way.
About our Guest
David Diaz is the Co-Founder and Head of Operations for Great Jones, a tech-based property management platform. Having bought, renovated, leased and managed over 10,000 homes for REITs, individual investors and his own portfolio, David is a foremost expert in single family property management.
