Hiring a Property Manager and “Fees” That’ll Kill Your Cash Flow

"I want to just reassure everyone that eventually you want you definitely want to factor that in even if you're not paying for it now because if you if your property doesn't work with this like 20 to 30% property management fee that just basically means you are going to be locked into self-managing your property for life and that means that the moment you do hire a property manager a quality one if it doesn't pencil out with that you're going to lose money the moment you choose to do that forcing you to have to sell and it's like a whole thing so I try to tell people to bacon some kind of property management fee into their upfront analysis because you never really know when that day is going to come or you decide to hire someone"

"if real estate investing becomes too painful you're just like I don't want to do it and you don't think about it consciously but subconsciously you just check out you're like all right I'm not going to do this and five years later you're listening to the Bigger Pockets podcast and somebody else has made $250,000 in equity and you're like oh man I should have bought more houses but you don't remember why you got out of it it's because part of it wasn't making it fun"