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Landlording, Part 1
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“How to Really Get Rich Investing in Real Estate”

My Background

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I have managed several properties over the last 10 years. I have managed my own rentals and rentals for other people. I have “Landlorded” over houses and condos in Denver, Phoenix, and St. George. I have consistently received my rent on time and usually early. My renters have been, for the most part, friendly and easy to get along with. These renters have helped me to take care of the properties. (The one time I didn’t follow my “rules”, was the one time I had troubles with a renter.)

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Do you really want to get rich in real estate? Then you have to get real good at one thing. You need to become real, real good at being a landlord.

I know that most people look at being a landlord as a about the nastiest, unhappiest jobs they’ll ever have.

It really doesn’t have to be this way.

I am going to provide you with tips; ideas that have worked for me to take the hassle and heartache out of landlording.

The people that I know that have tried real estate investing and then gotten out of it (usually at a loss) made one major mistake:

  1. They “played” landlord, without the education to do it right.

Let me get on my soapbox for a moment.

Playing Landlord”. This just kills me.

Landlording or Property Management is a business. It should be run like a business. It is not a hobby. It is not something that you should take lightly. It’s not something you decide to do after watching a late-night real estate infomercial.

Think about it, you are allowing people (renters) you really don’t know, to use a very expensive asset. Wow! How much did your rental property cost? $100k? $200K? I don’t know about you, but I wouldn’t “play” around with that kinda dough!

Did you know that there are “renters” who specifically look for owner/landlords that don’t know what they are doing? If you rent to these stealer/renters you will never see a rent check, and you will have to evict them. They know the system and will use it against you.

There are renters that will turned your property into a meth lab, making your rental virtually unlivable. Click here for a meth lab horror story!

You don't "play" at Landlording.

I’m going to get down off my soapbox now, and talk about how to do this “Landlording” business right.

10 Steps to Being a "Kick Butt, Take Names, and Collect Your Rent On Time", Landlord or Landlady (Click here!)

Useful links:

MrLandlord.com


 

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