5 Talents Podcast - Passive Investing, Cashflow, & Wealth Creation in Commercial Real Estate

Colin Douthit - 600+ Units in 2020, $1M in Rehab; The Best Property Managers Have These Qualities

January 08, 2021 Abel Pacheco Season 1 Episode 76
5 Talents Podcast - Passive Investing, Cashflow, & Wealth Creation in Commercial Real Estate
Colin Douthit - 600+ Units in 2020, $1M in Rehab; The Best Property Managers Have These Qualities
Chapters
5 Talents Podcast - Passive Investing, Cashflow, & Wealth Creation in Commercial Real Estate
Colin Douthit - 600+ Units in 2020, $1M in Rehab; The Best Property Managers Have These Qualities
Jan 08, 2021 Season 1 Episode 76
Abel Pacheco

The right property manager will make real estate investing a smooth process for both passive investors and active operators. However, not all managers are right for you no matter how impressive their operations are. As an investor, you need to find the manager that aligns with your current needs and long-term goals. How can you find that manager and where? That’s what we’re going to talk about with our special guest for today. Colin Douthit is a property manager from Kansas City who owns Atlas Property Management, LLC. Colin will share his story, together with some golden nuggets you need to pick up to find the right manager for you. 

Let’s tune in now and learn the qualities of your future property manager!

[00:01 - 06:52] Opening Segment

  • Let’s get to know Colin Douthit 
    • 3 engineering degrees
    • 65+ doors in the first 18 months 

[06:53 - 11:49] Proper Mindset 

  • Colin walks us through his journey on property management
  • He shares his thoughts about starting a career in real estate 

[11:50 - 22:16] Property Management 

  • How to find the right property manager for you
  • What should you expect from a property manager?
  • Monitor this important metric if you’re a property manager

[22:17 - 36:43] The Great Property Manager 

  • Colin tells us why low-income housing tax credit operators self-manage
  • Turning property management into a next-level professional industry 
  • The hallmark of a great property manager
    • Colin reveals 
  • Don’t micromanage your property manager
    • Colin explains 

[36:44 - 44:08] Reminders for Property Owners 

  • Colin gives his insights about voucher properties 
  • Prioritize property improvements if you’re an owner
    • Find out why 

[44:09 - 47:00] Closing Segment

  • Connect with Colin - links below
  • Final words from Colin and me


Tweetable Quotes:

“...our goal is to elevate property management to the next level, to take it from a mom-and-pop operation to a professional industry.” -  Colin Douthit 

“We are essentially a contractor to the owners but we are also a partner because we have aligned financial goals...The property manager, at the end of the day...they’re not going to be your enemy. They’re your [teammates].” -  Colin Douthit 


Resources Mentioned:

------------------------------------------------------------------------------------------

Connect with Colin on LinkedIn and Facebook. Visit his company online and on LinkedIn, Facebook, and Instagram.


Connect with me:

https://www.5tcre.com/

Facebook

LinkedIn

Instagram

Watch 5T CRE on YouTube

Leave us a review and receive your free ebook

Email us --> [email protected]

Support the show (https://www.buymeacoffee.com/5Talents)

Show Notes

The right property manager will make real estate investing a smooth process for both passive investors and active operators. However, not all managers are right for you no matter how impressive their operations are. As an investor, you need to find the manager that aligns with your current needs and long-term goals. How can you find that manager and where? That’s what we’re going to talk about with our special guest for today. Colin Douthit is a property manager from Kansas City who owns Atlas Property Management, LLC. Colin will share his story, together with some golden nuggets you need to pick up to find the right manager for you. 

Let’s tune in now and learn the qualities of your future property manager!

[00:01 - 06:52] Opening Segment

  • Let’s get to know Colin Douthit 
    • 3 engineering degrees
    • 65+ doors in the first 18 months 

[06:53 - 11:49] Proper Mindset 

  • Colin walks us through his journey on property management
  • He shares his thoughts about starting a career in real estate 

[11:50 - 22:16] Property Management 

  • How to find the right property manager for you
  • What should you expect from a property manager?
  • Monitor this important metric if you’re a property manager

[22:17 - 36:43] The Great Property Manager 

  • Colin tells us why low-income housing tax credit operators self-manage
  • Turning property management into a next-level professional industry 
  • The hallmark of a great property manager
    • Colin reveals 
  • Don’t micromanage your property manager
    • Colin explains 

[36:44 - 44:08] Reminders for Property Owners 

  • Colin gives his insights about voucher properties 
  • Prioritize property improvements if you’re an owner
    • Find out why 

[44:09 - 47:00] Closing Segment

  • Connect with Colin - links below
  • Final words from Colin and me


Tweetable Quotes:

“...our goal is to elevate property management to the next level, to take it from a mom-and-pop operation to a professional industry.” -  Colin Douthit 

“We are essentially a contractor to the owners but we are also a partner because we have aligned financial goals...The property manager, at the end of the day...they’re not going to be your enemy. They’re your [teammates].” -  Colin Douthit 


Resources Mentioned:

------------------------------------------------------------------------------------------

Connect with Colin on LinkedIn and Facebook. Visit his company online and on LinkedIn, Facebook, and Instagram.


Connect with me:

https://www.5tcre.com/

Facebook

LinkedIn

Instagram

Watch 5T CRE on YouTube

Leave us a review and receive your free ebook

Email us --> [email protected]

Support the show (https://www.buymeacoffee.com/5Talents)