The Impacts of Personal Attachment on Property Management

In this episode, John and Kyle dive into the impacts of personal attachment on

property management. They share enlightening perspectives on how emotional

decision-making can lead to suboptimal outcomes for landlords, particularly first-time

investors who often convert their primary residences into rental properties. They

provide a compelling narrative on how personal biases can affect rent settings, tenant

selections, property maintenance, and overall financial performance.

Kyle and John discuss critical data-driven insights, including compelling statistics from

the American Apartment Owners Association, Urban Land Institute, and National

Multifamily Housing Council. They highlight how self-managing landlords often fall into

the trap of emotional decision-making, resulting in lower rental incomes and higher

tenant turnover rates. Through vivid examples and anecdotes, they illustrate the pitfalls

of going with one's gut and the advantages of leveraging professional property

management services to achieve a more effective and profitable property investment

strategy.

Quotes:

"Professional managers have systems in place that contribute to less stress, greater

efficiency, and better financial outcomes." – John Teixeira

"Making objective decisions based on market data rather then personal convenience is

crucial for maximizing rental income and maintaining property value." – Kyle Teixeira

"Sixty percent of self-managing landlords admit to making tenant selections based on

personal feelings rather than objective criteria." – Kyle Teixeira

Listen to We Are TPM on any major podcast platform including Apple Podcasts,

Google Play, Spotify, and many more.

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!