Module 15 — Property Management
Topic 15.1: The Self-Management Playbook
Deciding to manage the property yourself is a significant decision. It is not "passive" investing, but it can increase your cash flow and give you invaluable experience. This is a viable option if your first property, like 4521 Primrose Lane, is located in the same city you live in. Self-management is a customer service business. Your tenants are your customers.
Mental Model: When you self-manage, you are not a "landlord"; you are a "housing provider." This shift in mindset from authoritative to service-oriented will guide every decision you make and lead to better outcomes.
Key Responsibilities & Systems:
- Marketing & Leasing: You are responsible for taking high-quality photos, writing compelling listing descriptions, and showing the property to pr