Interested in making money without doing a lot of work? You’re not alone. Millions of people every day are looking to find ways to make passive income. Real estate investment is just one of many popular ways that people research to achieve their financial freedom dreams. This dream is the basis for Dustin Dubay’s podcast Finance Fundamentals: Own Your Road to Financial Freedom. For his interview series, “The Business of Business,” he hosted Janet Fields, our CEO and co-founder of Oak Trust Properties, based out of Charleston, SC. She shares her vast experience in property management and real estate investment to offer insight into what it means to enter into this field and whether hiring a property management company is a necessary piece to being successful in making passive income.
She shares, “When you’re learning things, you often make mistakes. It’s a natural part of the process. When you hire a property management company, you’re hiring someone who has already made those mistakes and learned from them. You avoid the costs associated with mistakes because of your property management company’s breadth of experience advertising properties, vetting tenants, and finding the best fit for everyone. We know how to work through just about any problem, and we can give you the best options to work toward your goal.”
She also offers advice to new real estate investors in this unique market, including:
- Why it’s important to know your numbers
- Why you shouldn’t say no to pets
- What numbers to think about before purchasing
- What team members you need to have before purchasing
- What should you look for before making a purchase
- Where the market is headed (including vacation rentals)
If you’re considering becoming a real estate investor, you can’t miss this episode and the unique insights offered by both Fields and Dubay.
Need a property management company to help your portfolio take off? Oak Trust Properties is here to help. Contact us today. We’re available to get you started the right way.