Episode 79
Cost Concerns Associated with Property Management
In this episode, John and Kyle dive deep into the cost concerns associated with
property management. Building on last week's discussion on DIY property
management, this episode addresses the statement, "Is professional property
management worth the cost?" The hosts provide empirical data and expert insights to
back their discussion, offering a detailed examination of property management fees,
rental income optimization, occupancy rates, eviction costs, and maintenance
efficiency.
Professional property management often seems like an added expense to property
owners, but Kyle and John make a compelling case for why it pays off in the long run.
The hosts also explore the nuances of handling evictions, highlighting how property
managers can mitigate costs more effectively than landlords due to their expertise and
established legal processes.
Quotes:
• ”The bottom line is, hiring a property manager should make you more money after
you pay them these fees.” ~John
• "You should be getting bulk pricing or non-retail prices from a good property manager
because contractors know they're getting constant business from us.” ~John
• "In Seattle, professionally managed properties saw a 12% higher rental income
compared to self-managed properties over a two-year period.” ~Kyle
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Tune in today!
We Are TPM
Teixeira Property Management
Mansfield, Texas
www.WeAreTPM.com
ShowMeTheMoney@WeAreTPM.com
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There are a vast amount of ways in today's world to build wealth using real estate and
investing, not just in property, but in yourself!
Located in the Dallas-Fort Worth area of Texas, John Teixeira and Kyle Teixeira of
Teixeira Property Management bring you all of the knowledge and experience they can
provide for the confidence to achieve your investment goals, or how and why to create
them. Now, while John and Kyle have a ton to share, they will also be bringing you
interviews with some of their clients, industry partners, experienced investors, and
much more every week!
John and Kyle look forward to sharing the knowledge you need about arguably the
greatest investment vehicle that is available to the masses — Real Estate. Knowledge
is power, and John and Kyle intend to give you as much power as possible. It's not
always about the HOW, but also the WHY, and they will be digging into it right here
every week!