What to study to manage my real estate investments (12 doors+)?

That looks like hard work to me
I would look at less tenants more bucks less work

 

Boom!

 

Less tenants = more dependancy on the few that rents! Unless you rent out to companies, which also is real estate business. 12 doors+ was just an example. Renting out to big businesses is great, if i find the right property then i'd rent out to business as well! or have a mix of both!

 

Focus on making money leave the management to people who only earn $45ph

 

Id rather spend 1 evening a week and visit the building once a month and having a cash flow positive building instead of breaking even by out sourcing everything until i got that many properties that i can afford to do that mate. If you don't own more than, lets say 3 cash flow positive buildings, then you shouldn't say that you can afford to outsource everything

 

Management cost can be recoverable from the tenant

 

The thing is, if i have no clue of anything regarding the building, how would i know if everyone is ripping me off at every corner? I wouldn't
I need some sort of basic knowledge and skills or I'm really risking my precious investment.
I come from a marketing/social media background, which means I'm absolutely new to the game, aside from seing my father thats done this his whole life.

 

You will learn more "practical " knowledge on this site than from a school course

 

You should figure out a more efficient way to learn these skills than a silly course. As Beano mentioned, one way that's already better is just being on these forums.

There's plenty of people on here that probably know the stuff that you are wanting to learn, and they are probably willing to help you out.

 

Here's a book to read - Simple and Successful Property Management, by Leah Calnan

 

That's the thing is it worth your time to manage. Getting a property manager who has the experience and is an arms length away from the owner give you more flexibility.

They will have a larger pool of tenants to help you lease out your vacant rooms, if they are not paying the right channels can be used to solve it. What happens when you go on holiday and the tenants have questions or issues?

You can't upscale if you manage everything yourself, unless you want to become a full time property manager, in which case you have bought yourself a job.

 

REINSW

NSW Real Estate

 

Property management course
Experience and runs on the board to specialise and cater to the niche you want.

You can also study property law and a full agents diploma that includes strata management.

There are no specific courses for niche areas so you just need to get the basics and just do it.

Things going wrong will be your best education
Welcome to business

 

That's what my mate did. Ended up with an eviction, lost rent and malicious damage that was not covered by insurance. If you want to outsource your responsibilities then make sure the person you hire is more competent than you are.

 

Spot on, it is also about setting up rules and boundaries. You are not outsourcing your responsibility by macro-managing. You have to treat property investment as a business, and whoever is working for you or managing a property for you need to treat them as an employee.

There are so many people out there who complain that their property manager is not doing this, or doing that. The main question is, "Why have you not fired them already?" The whole idea is to save yourself time by finding the right person to assist you.