This One Mistake Cost An Investor $16k And It Could Happen To You Too
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In this Wealth Coffee chat, Cass Sjostedt discusses the critical aspects of property management, focusing on a case study where an investor lost $16.5K due to ineffective leasing strategies. He emphasizes the importance of the three P’s: Price, Presentation, and Promotion, and introduces a fourth P: Property Manager. How important is a great property manager? Let’s Wealth Coffee Chat!
00:00– Introduction.
02:15 – Show Starts: Introducing Property Management Wednesdays with Cass Sjostedt from R&W Plus.
05:00 – Story Time: This mistake cost a property investor $16,000 and counting.
06:47 – The Three P’s of being a landlord: Price, Presentation and Promotion.
08:25 – Property managers need to be realistic when it comes to price expectations.
10:05 – Videos, virtual tours and better online presentation will drastically affect your ability to rent.
12:58 – In this market, a long vacancy period means you need to change your approach.
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