Passive real estate investors can’t do it alone. If we did, we wouldn’t be very passive, would we? No, we leverage the expertise of professionals and partnerships to make our
rental properties a success! It allows us to avoid newbie mistakes, streamline and standardize our operations, and scale to heights individual investors can’t reach on their
own.

But who do passive investors need by their side? And how do they ensure they make the right choice?

Keep reading for our lighting round rundown!

6 Pros Every Passive Investor Needs on Their Team

#1 – Turnkey Provider / Operator

Turnkey providers do the “heavy lifting” that allows investors to be passive. They source, rehab, and sell rental-ready properties to investors, often with residents and property management already in place.

What Makes a Good One:

• Transparent financials and renovation scope
• Proven track record with references
• They educate investors, not just sell properties
• Responsive to investor concerns
• Invest in their own model
  

Red Flags:

• Overly glossy marketing, no proof of past performance
• Inflated projected returns without explaining risks
• Reluctance to share inspection or rehab details
• “Guarantees” that hide underperformance

Quick Vetting Tip:

• Ask for references from other passive investors, including current and previous clients.
• Request a sample property report with before/after photos, scope of work, etc.

#2 – Property Manager

Your property management team is the key to your success as a passive real estate investor. They handle resident placement, rent collection, maintenance, legal notices, and lease renewals. Great managers both mitigate risk exposure and preserve property equity.

What Makes a Good One:

• Clear, proactive communication
• Firm, transparent lease enforcement policies
• Solid maintenance/contractor network
• Proactive, not reactive.
• A track record of low vacancies and high retention rates

How to Vet:

• Ask for metrics (average days on market, retention rates, etc.)
• Read online reviews and request references

Quick Vetting Tip:

• Ask, “What’s your average response time to maintenance calls?”
• Look for a 90%+ rent collection rate and low turnover

Want More? Keep Reading: Crucial Questions New Investors MUST Ask a Property Management Company

#3 – Lender / Mortgage Broker

Most investors will utilize traditional financing to secure their investment properties. A good lender helps structure your deal for positive cash flow and long-term stability. They understand what it is you’re doing.

What Makes a Good One:

• Specializes in investment property loans
• Offers transparency on fees, rates, and closing timelines
• Communicates clearly about documentation and steps
• Has experience working with investors like you

How to Vet:

• Ask for investor references
• Compare at least 2–3 quotes to benchmark offers

Quick Vetting Tip:

• Ask: “Have you worked with turnkey buyers before?”
•  Get a Loan Estimate early to compare rates and fees quickly

#4 – Prepare for the worst.

Are you covered? Your insurance broker ensures your property is protected against loss, liability, and other risks—maybe even rent default. Coverage varies, but your broker can help you decide the appropriate policy that balances protection and cost-effectiveness.

What Makes a Good One:

• Understands landlord policies and regional risk factors
•  Explains optional vs. required coverage
• Competitive premiums tailored to rentals

Quick Vetting Tip:

• Ask: “Do you offer landlord or dwelling policies, not just homeowners’ insurance?”

#5 – CPA / Tax Advisor

Taxes provide some of the most significant benefits to passive investors, but they can be tricky to navigate. Your CPA should structure your investments to maximize tax benefits and plan for future acquisitions.

What Makes a Good One:

• Experience with real estate investors and depreciation strategy
• Helps navigate 1031 exchanges, LLC structuring, etc.
• Provides proactive guidance, not just year-end filing

Quick Vetting Tip:

• Ask for a 15–30 min consult (many offer this free) to evaluate if they “speak your language”

#6 – Attorney (Optional but Recommended)

You don’t necessarily need an attorney, but having one in your corner can be beneficial as a means of risk management. They review contracts, close loopholes, review lease terms, handle LLC documents, and help resolve disputes.

What Makes a Good One:

• Licensed in the property's state
• Familiar with landlord-tenant law
• Clear, direct communication and upfront fees

Final Tips for Vetting Your Team

• Referrals from other investors carry the most weight. Join investor forums (BiggerPockets is by far the best) or local investor meetups. Network with like-minded individuals.
• Ask scenario-based questions: “What happens if my resident doesn’t pay for two months?” or “What’s your process when a hot water heater goes out?"
• Don’t confuse speed with skill. Take time to vet each player. A bad team costs more than a delayed deal.
  

Building your team is the first step towards a successful rental property portfolio. And you can take that step with REI Nation today!