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Nov. 14, 2022

Effective Property Management Methods and Practices

Effective Property Management Methods and Practices

Krystle and Kenny are active Real Estate Investors in San Diego with 42 units along with syndications around the nation and industrial properties. Prior to starting their podcast, Krystle and Kenny owned a Property Management company and single-handedly, without any marketing, increased to managing 1500+ units.

[00:01-08:36] Opening Segment

  • Getting started in real estate at 19 years old
  • Starting in residential financing and meeting Krystle

[08:37-18:13] Lessons Learned in Property Management

  • Dealing with people, learning strategies, and decision making
  • Get in place your systems and processes

[18:14-30:32] Systemizing the Business

  • Anything that is repetitive in the should be outsourced to a VA
  • Hire for Quality

[30:33-38:49] Legacy Round

  • The house Krystle bought in 2012 was the deal that changed her life
  • Kenny’s biggest regret was not getting around the right people sooner

[38:50-45:28] Slice of Knowledge

  • Kenny’s Final Words: I hope I left an impact
  • One Slice of Wisdom: Get around bigger people, Invest sooner
  • Real Estate Multifamily Vocabulary: Cap rate, Net income
  • Books and Masterminds to Try: RIch Dad Poor Dad, Macroeconomics

Reach Krystle and Kenny

Website: https://getinthecashflowgame.com/

CONNECT WITH US:

Ike Ekeh

Dre Evans

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Tweetable Quote

So what I would tell somebody is, you have to highlight what you wanna do.”- Krystle Simpson

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