Property Management- Save 8 % Fees, Lose 80 % Sanity — The Truth About Managing from 2,000 Miles Away

In this episode of 'The 20 Minute Investor,' we discuss the complexities of property management and the crucial decision of whether to self-manage or hire a property manager. We share personal experiences and insights from our real estate investment journeys, highlighting the significant impact this choice can have on investors' lifestyles, especially when managing properties remotely. Tune in for actionable tips and considerations to avoid common pitfalls faced by new remote rental investors. Chapters: 00:00 Introduction to Property Management Challenges 00:26 Meet Your Hosts: Erin and Nathan 00:59 Biggest Mistake: Underestimating Property Management 01:44 Erin's Self-Management Journey 02:19 Nathan's Approach to Property Management 04:01 The Realities of Property Management 05:19 Lessons Learned and Final Thoughts 09:54 Balancing Family and Property Management 12:17 The Cost of Self-Management 13:55 Dealing with Property Managers 17:47 Conclusion and Call to Action