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How to Pick Where to Buy Rental Property
When looking to purchase rental property, you essentially need to decide what market is going to present the best opportunities. The best way to narrow down the market where you…
How Much Does It Cost to Get Started?
As you begin your rental property investment journey, it’s important to have a realistic understanding of how much it can cost to get started. In this article, I will outline…
How Do You Select a Tenant?
There are a lot of different thoughts and numerous tools out there that can help you select a tenant. By and large, however, I think it can be helpful to…
Part #4- Delegating Duties: Property Management
Another credible area of delegation is property management, especially if your business is growing. It’s likely that you’ll eventually hit a point where you just can’t handle it all, and…
Part #3- Delegating Duties: Maintenance
While there are many duties you can delegate, this article will discuss the value and process of delegating maintenance duties. Let’s start by looking at how this has played out…
Part #2- Delegating Duties: Accounting
Accounting tends to be one of the first areas where people realize they’re in over their head. When you’re looking at bringing accounting capabilities or competency onto your staff, you…
Part #1- Delegating Duties: Introduction
Before we begin, let me say that this series of articles won’t be for everyone (though there are hopefully still some helpful, applicable principles). I know multiple people who decide…
Nosy or Involved Landlords?
As landlords, it can sometimes be difficult to find a healthy level of involvement when managing rental properties. For some people, it can be tempting to hover over every property…
6 CRITICAL RELATIONSHIPS
6 Critical Relationships for Landlords: Part 1
Over the past handful of years, I have narrowed down 6 critical areas where you must have trusted relationships in order to be successful. If you don’t have all of…
6 Critical Relationships for Landlords: Part 2-Bankers
I understand that it can sometimes be intimidating and uncomfortable to go into a bank, especially starting out. However, if you have proper preparation and knowledge, you’ll find that establishing…
6 Critical Relationships for landlords – Part 3 – Realtors
Why a Good Realtor Is Critical: Having a good realtor is absolutely critical if you’re going to invest in real estate. Here are a handful of reasons why: 1. A…
6 Critical Relationship for Landords: Part 4 – CPA/Accounting Firm
What does a CPA do? When you’re looking for a CPA (Certified Public Accountant), it’s helpful to have a broad understanding of what CPAs do. Most CPAs can be divided…
6 Critical Relationships for Landlords: Part 5 – General contractors
In real estate, it’s all about having a good product to rent. Whether you fix up a property from the beginning or buy a property brand new, it won’t take…
6 Critical Relationships for Landlords: Part 6 – Attorneys
In any sort of business, it’s essential to have a relationship with an attorney you trust. While attorneys sometimes get a bad reputation, I’d argue that most of them are…
6 Critical Relationship for Landlords: Part 7 – Insurance Agents
For the vast majority of rental property owners, insurance is absolutely necessary. While insurance companies are great at taking premiums, they do offer valuable services to limit your risk as…