Learn how I found and hired my latest property manager, Avenue Real Estate, and questions you should ask them before hiring.

I began investing in physical rental properties immediately after graduating from college in 2013. They can be great to provide an external source of income and it's a big reason why I was able to afford to go without the income from a 9-5 job while I launched my practice, but they are far from passive.

Property Managers are the next logical hire but there are many bad ones out there. They all charge about the same, the first month's rent to lease out and 10% of the monthly rent going forward, but the quality of service can differ vastly. So it's important to do your due diligence so you can hire the best and get the most out of the fees you pay.

In the video below, I shared the step-by-step process I took to find and hire my current property manager, Grant Cook of Avenue Real Estate, who has been working out great.

This process applies not just to property managers and I have used the same process to hire good electricians, plumbers, and all kinds of trades to help take care of my properties.

When hiring anyone to help you manage your properties, the most important decision is to hire for quality and not cheaply. The ones who do good quality work, communicate well, are easy to work with, and show up on time will rarely be cheap but will be worth it. Even Though a rental may be an investment for you, it is someone's home and it should be taken care of.