Ep41: Processes and Controls in Managing Your Property Managers Overseas - Marco Kozlowski
Big Fat Real Estate Checks
Marco Kozlowski
5 • 957 Ratings
🗓️ 7 December 2020
⏱️ 36 minutes
🧾️ Download transcript
Summary
If you owns one or multiple property for any length of time whether it is outside your country, it's always crucial to know how to manage things the right way. To meet your goal in property investing it requires high effort and eventually you'll consider having someone to do day-to-day management of your real estate properties. In this episode, Marco and Gabriel discuss how to manage your Property Managers, their role and your responsibilities as the property owner, and how Property Managers help in maximizing your time and money.
WHAT YOU’LL LEARN FROM THIS EPISODE
- How to manage properties that are not in your country
- Keys to successful investing on properties outside your country
- Property Manager's responsibility
- Things that you can do to properly manage your managers
- How to ensure revenues and rents are properly collected and expenses were being checked every month
- Why is proper expectation is important and what you should expect from a Manager before hiring them
- Importance of processes, controls and systems
- How do Managers find and evict tenants
- Reasons why Managers should have experience with tenant eviction and tenant acquisition process
- What is 'bad management' and how to avoid being part of it
RESOURCES FROM THIS EPISODE
Click here for the free quick start course "Get Deals By Tuesday" Masterclass.
CONNECT WITH US
- Email: [email protected]
- Website: https://marcokozlowski.com
- Facebook: https://www.facebook.com/realmarcokozlowski/
- Instagram: https://www.instagram.com/marco.kozlowski/
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Having caps, checks and balances will really help save money, puts more money in your pocket, |
| 0:05.8 | time, conflict with your team as well, where their expectation is this, where our expectation is different. |
| 0:11.8 | I learned a long time ago that the definition of happiness is reality minus expectation. |
| 0:18.4 | Welcome to the big fat real estate checks podcast with Marco Kuzlowski where we help investors like you get the knowledge |
| 0:26.1 | and skills you need to replace your J-O-B with passive cash flow for life. |
| 0:38.6 | Hey everyone, welcome to hopefully a super duper excellent adventure on Big Fat Real Estate Checks podcast. We're always excited to share new content. I'm joined today with Gabrielle Araish from Montreal |
| 0:46.7 | And we're going to be discussing how to manage the managers and how to be in another country which Gabriel is and how to buy as many |
| 0:56.1 | assets as possible and still have a great lifestyle, have your real estate revenue, replace your current |
| 1:00.8 | revenue, and what your expectations are as ownership as the |
| 1:05.2 | owner and what you should and should not be doing. And of course this is always a |
| 1:10.0 | big question mark for many folks who are investing either out of the state they're in, the area they're in, or the country that they're in, because I do have followers from all over the globe and all continents, all over the place, which I'm very blessed for and very grateful for and |
| 1:24.5 | today we're going to discuss this topic and of course this is big fat real estate |
| 1:28.4 | checks we're quickly creeping up to the top 1000 in iTunes I would love for us to achieve that as soon as possible. |
| 1:36.0 | If you have friends, family that want to get into a lifestyle where you're not working for money, but other people's money are working for you, |
| 1:44.0 | then you really should share this if you like, and we would be very grateful to do that |
| 1:48.2 | and of course for you to do that and we would be very grateful for you to do that and of course |
| 1:52.1 | giving us your positive comments is always helpful as well and we appreciate our loyal followers. |
| 1:57.0 | So thank you so much for being there for us. |
| 1:59.0 | If not, we'd be talking to no one and we appreciate you listening in on this hopefully very very good |
| 2:05.0 | content for you so Gabriel when we first met you were investing only locally in |
| 2:09.8 | Montreal where you live you were really focused on doing something local, we met and expanded |
| 2:15.9 | your horizons a little bit over six years ago now I believe, where now you invest |
... |
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