Episode #401

Want more cash flow with less stress while running your rental property portfolio? Then you need selfmanagement! Amelia McGee and Grace Gudenkauf, seasoned investors and the minds behind BiggerPockets’ newest book, “The SelfManaging Landlord,” show you exactly how to do it. This episode peels back the curtain on the misconceptions that scare most investors away from selfmanaging their properties (like those feared 2 AM toilet emergencies!). Amelia and Grace expose how these scenarios are less frequent than most people think and offer smart strategies to handle them effortlessly.

The duo dives into the financial perks of taking the reins on property management, from dramatically cutting costs to boosting tenant retention and cash flow. They lay out a spectrum of management models—from DIY to hiring a dedicated team—and share their personal triumphs (and trials) within each approach. This is THE practical playbook for making property management a cornerstone of your real estate success.

You’ll learn how to establish effective systems for tenant onboarding, routine maintenance, and urgent repairs, ensuring your property management is both stressfree and profitable. Whether you’re just dipping your toes into real estate investing with your first property or looking to refine your existing portfolio, this episode is packed with actionable tips that promise to make your portfolio more passive!

Grab Your Copy of “The SelfManaging Landlord”:
https://store.biggerpockets.com/produ...

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Join the Real Estate Rookie Facebook Group:
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Episodes Mentioned in Today’s Show:
Real Estate Rookie 111 26 Doors in 1 Year? Here’s How You Can Do It Too! w/Amelia McGee:
https://www.biggerpockets.com/blog/ro...
Real Estate Rookie 161 Using Calculated Risk to Acquire 17 Doors In Under a Year (at Age 24!) w/ Grace Gudenkauf:
https://www.biggerpockets.com/blog/ro...
BiggerPockets Real Estate 938 Scaling from 0 to 20+ Doors Using These “SelfManagement” Tools & Tips w/Amelia McGee and Grace Gudenkauf:
https://www.biggerpockets.com/blog/re...
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Tools Mentioned in Today’s Show:
Loom: https://www.loom.com/
Monday.com: https://monday.com/
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Connect with Amelia:
BiggerPockets: https://www.biggerpockets.com/users/a...
Instagram: @ameliajorei or   / ameliajorei  
WIRE (Women Invest In Real Estate): https://www.womeninvestinrealestate.com/
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Connect with Grace:
BiggerPockets: https://www.biggerpockets.com/users/g...
Instagram: @grace.investing or   / grace.investing  
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/e...
Tony: https://www.biggerpockets.com/users/t...
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or   / wealthfromrentals  
Tony: @tonyjrobinson or   / tonyjrobinson  


Show notes at: https://link.chtbl.com/Rookie


00:00 Intro

01:10 The Right Way to Manage Rentals

04:41 What Being a Landlord is Like

07:51 Why You MUST SelfManage

14:13 Onboarding Tenants 101

20:12 Lease Agreements

25:56 The $8,500 Mistake

29:08 Do This RIGHT Now!

34:09 Building Your Team

40:40 Grab the Book!