Making the jump from property buyer to property owner can be intimidating - especially if you’ve never handled tenants, midnight emergencies, or month-to-month operations.

In this episode of the 5-Minute PRIME Podcast, Martin Maxwell walks you through the “M for Manage” step, demonstrating how to keep your new investment running smoothly and profitably - even if you end up dealing with the occasional 2 a.m. phone call.

Here’s what you’ll learn:

How to set competitive rent and attract reliable tenants (including tips on house hacking).
Why establishing an SOP (Standard Operating Procedure) for emergencies and routine checkups preserves your property’s value.
Strategies for scheduling CapEx, responding to late-night plumbing fiascos, and deciding if self-management or hiring a property manager is right for you.
Practical ways to maintain strong tenant relationships, from initial listing to lease renewal.

Whether you’re overseeing your first single-family home or a multi-unit complex, these strategies will help you become a proactive landlord - reducing stress, boosting cash flow, and laying a solid foundation for future expansion.

Check out The PRIME Framework book on amazon and follow Martin on X at @maxbymartin for daily real estate insights and updates.

Thank you for tuning in to the 5-Minute PRIME Podcast! Ready for more tips to master personal finance and real estate investing? Visit REIPrime.com for additional resources and strategies to build your wealth. Don’t forget to subscribe, leave a review, and share this episode with someone looking to level up their finances. Follow us on social media for daily updates and more actionable advice!

M for Manage: Landlording Made Simple

Powered by Wave AI