Accidental Landlords are uniquely positioned to capitalize on the Real Estate market and start earning passive income. However, there's a steep learning curve to running a profitable rental property. We break down 9 actionable pieces of advice you NEED to know to take your real estate journey to the next level.
So, you are new to the property rental market and want to work out if you should hire a professional real estate agent to manage your property... Your friends in the business have told you this is a great idea - but is it really?
Getting that first property to make a profit can be difficult. It requires a steep learning curve to build the right team and learn how to deal with the host of issues that go wrong. Here are 5 ways you can cut costs to help get your property into the green.
These books cover almost every aspect of what it means to be a real estate investor - and perhaps more important than the methods, the mindset of the successful. Some, cover the big pictures, others get down and dirty with the details giving you actionable tips and a place to start.
The key to success lies, at least partly, in knowing what success actually means to you. For example, success might be building a steady income from real estate that you can live off. Your ability to set goals, and create effective action plans to accomplish these goals is what sets the successful apart.
Amongst the very first things you need to do when you invest in a rental property as an independent landlord is to work out how much you should be charging for rent. Charging a competitive price that isn’t too cheap is a fine balancing act.