Sean Pyles
👤 SpeakerAppearances Over Time
Podcast Appearances
Thank you. Yeah, we've had you on to talk about managing rental properties before, but I've never had so many questions of my own. So I'm excited to really dig in. I want to start by hearing a little bit about your story. So how did you get into this and how many properties do you manage?
A couple dozen. I love that.
A couple dozen. I love that.
A couple dozen. I love that.
Your line around wishing that you'd had properties you'd sold back shortly after selling them really stuck in my mind as I was considering earlier this year what to do with my property. Because I've had my house, which I bought in the pandemic. It's in a small coastal town in Washington, about three hours from Portland, where my partner and I spend a lot of our time.
Your line around wishing that you'd had properties you'd sold back shortly after selling them really stuck in my mind as I was considering earlier this year what to do with my property. Because I've had my house, which I bought in the pandemic. It's in a small coastal town in Washington, about three hours from Portland, where my partner and I spend a lot of our time.
Your line around wishing that you'd had properties you'd sold back shortly after selling them really stuck in my mind as I was considering earlier this year what to do with my property. Because I've had my house, which I bought in the pandemic. It's in a small coastal town in Washington, about three hours from Portland, where my partner and I spend a lot of our time.
I've had it for a number of years now. And I really enjoyed my time there, but it was just a little too far away to manage on an day to day basis easily. And my life has been pulling me more toward Portland and I've been wanting to travel more and it's not easy to travel from a small coastal town in Washington. So that's why I was thinking of selling it.
I've had it for a number of years now. And I really enjoyed my time there, but it was just a little too far away to manage on an day to day basis easily. And my life has been pulling me more toward Portland and I've been wanting to travel more and it's not easy to travel from a small coastal town in Washington. So that's why I was thinking of selling it.
I've had it for a number of years now. And I really enjoyed my time there, but it was just a little too far away to manage on an day to day basis easily. And my life has been pulling me more toward Portland and I've been wanting to travel more and it's not easy to travel from a small coastal town in Washington. So that's why I was thinking of selling it.
But because I still love the place and I have a 3.125% interest rate on my mortgage, I really didn't want to fully give that up. So I thought of everything I've ever heard you say around managing your rental properties, Lisa, And that's what led me to contact a property management company so they can do the day-to-day work for me.
But because I still love the place and I have a 3.125% interest rate on my mortgage, I really didn't want to fully give that up. So I thought of everything I've ever heard you say around managing your rental properties, Lisa, And that's what led me to contact a property management company so they can do the day-to-day work for me.
But because I still love the place and I have a 3.125% interest rate on my mortgage, I really didn't want to fully give that up. So I thought of everything I've ever heard you say around managing your rental properties, Lisa, And that's what led me to contact a property management company so they can do the day-to-day work for me.
With your properties, do you work with property managers or have you ever done it yourself? How do you figure that out?
With your properties, do you work with property managers or have you ever done it yourself? How do you figure that out?
With your properties, do you work with property managers or have you ever done it yourself? How do you figure that out?
And what's their fee? How much do they charge you for this?
And what's their fee? How much do they charge you for this?
And what's their fee? How much do they charge you for this?
I'm paying 10 percent or I will once I have a tenant in my place because it's still getting ready to live in. And that to me seems fair.