JF3238: Rachael Jones — How to Know It’s Time to Fire Your Property Manager, the Proper Structure for a Property Management Agreement, and Tips for Managing Complicated Value-Add Operations

<p>Rachael Jones is the founder of Clover Capital Group, which syndicates B- and C-class, value-add multifamily and mobile home parks primarily in the Charlotte MSA. In this episode, Rachael shares her journey from being an engineer managing global projects to a real estate investor with $15 million in AUM. She also discusses her creative solution to a mobile home park investment with four vacant lots and lessons she learned from a non-performing property manager.</p> <p> </p> <h2>Rachael Jones | Real Estate Background</h2> <ul> <li>Founder of Clover Capital Group</li> <li>Portfolio: <ul> <li>150 units and $15MM AUM</li> </ul> </li> <li>Based in: Charlotte, NC</li> <li>Say hi to her at:  <ul> <li><a href="http://clovercapitalgroup.net" target="_blank" rel= "noopener">clovercapitalgroup.net</a></li> <li><a href="https://www.linkedin.com/in/rachaeljonesms" target= "_blank" rel="noopener">LinkedIn</a></li> </ul> </li> <li>Best Ever Book: <a style="font-style: italic;" href= "https://www.amazon.com/Score-Takes-Care-Itself-Philosophy/dp/1591843472" target="_blank" rel="noopener">The Score Takes Care of Itself</a> by Bill Walsh</li> <li>Greatest Lesson: How much value there is in excellent customer service, even for lower-end assets.</li> </ul> <p> </p> <p><strong>Click here to learn more about our sponsors:</strong></p> <p><a title="Techvestor" href="https://techvestor.com/" target= "_blank" rel="noopener">Techvestor</a></p> <p><a title="Innago" href="https://innago.com/bestever/" target= "_blank" rel="noopener">Innago</a></p> <p><a href="https://capital.thebamcompanies.com/" target="_blank" rel="noopener">BAM Capital</a></p>