SuccessfulBecomingTipsBeachHighlandGoldsteinJamieSharefora
BUSINESS
TREAT IT LIKE A Owning and managing rental homes is not the same as owning and living in your own home. Rental investing is a business and must operate as one. Therefore, a successful real estate investor sets in place the systems needed to separate personal and business affairs.
GET TO KNOW THE LOCAL RENTAL LAWS
Where you choose to invest and the local laws that govern the area matter immensely. It is true, that location is a top factor for potential renters but considers the implications for the landlord.
IMPLEMENT
OFFICE HOURS
Being a landlord is a 24/7 job, and you have to prepare for any potential occurrence. That said, being a landlord requires setting some basic boundaries and expectations for contact. Fail to do so, and tenants could call all hours of the day or night with simple complaints.
Styl e Two CONTROL YOUR PRIVACY WITH A GOOGLE VOICE NUMBER Without question, landlords do not want a tenant to have their own personal cell phone numbers. Thankfully, resources are available to help, such as Google Voice. Investors can quickly and easily set up an account that will provide you with an alternate phone number that routes calls to your cell.
Yes, an individual can attempt to do it all, but why would you want to? Nowadays, reputable property management firms offer a variety of services to fit your portfolio’s specific needs. Many investors cite cost as an excuse to shy away from professional help.
KNOW WHEN TO SEEK PROFESSIONAL HELP
Thank You