85: Hybrid Investing, Long Distance Rentals, and Property Management with Mike McKinzie

Today on the BiggerPockets Podcast we chat with Mike McKinzie, a full time real estate investor from Garden Grove, CA. Mike is an investor and former property manager who has personally dealt with over 5,000 real estate transactions, but focuses most of his attention today on using property management to invest both locally and out of state. This show explores a variety of topics related to buy and hold real estate investing and offers a significant amount of actionable information on how to set up property management, covering everything from what questions to ask, what should be expected, and a whole lot more! In This Show We Cover…Growing up in a real estate familyHybrid real estate investingThe key is to success in rental properties  Getting your real estate license as an investorHow to prepare yourself for future-changing marketsIf you’re going to invest based on appreciation, THIS is how you do it! The importance of updating trusts…How property managers can turn into lead sourcesHow do you vet property managers?What does a property manager do?Managing your own portfolioHow neighbors will help you keep an eye on your propertyHow to deal with HOA’s the right way!The importance of due diligence The difference between housing classesDealing with marijuanaAnd a whole lot more!Links from the Show:The Ultimate Guide to Growing Your Business with BiggerPockets Keyword Alerts by Brandon TurnerThe BiggerPockets Keyword Alert SystemBooks Mentioned in the Show:The Richest Man in Babylon by George S. ClasonThink and Grow Rich by Napoleon HillThe Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets.comTweetable Topics:“You are the boss of your property manager…fire them if need be!” (Tweet This!)“Make friends with the neighbors of your property, and you’ll always have eyes on your property…” (Tweet This!)Connect with Mike:Mike’s BiggerPocket Profile