When you’re just getting started as a new landlord and buying your first rental property, the learning curve is very high. There is an enormous amount of information to find, read and gather before you take the plunge. Some examples include doing a property analysis before buying, all aspects of managing your rental and how to deal with problems as they arise. All of the information you could ever need is available online but it’s time consuming to sift through it all to find the useful articles and true expert landlords that can help you along the way. It took me many years to find everything I needed and create a system for myself to keep my rental property business running smoothly.
What starts out as a difficult task though, soon becomes a joy as your confidence grows, your rental business grows and you see a significant increase in your net worth. Eventually you will know more about buying and managing rental properties than you ever dreamed possible. You might think at that point you’ll sit back and relax and let things take care of themselves for a while but that hasn’t been my experience at all. Even after many years of being a landlord and managing my rental properties, I still visit rental sites and blogs regularly both to find information and opinions or offer my own. I remember exactly what it was like when I was just starting out and all of the fear and uncertainty that I experienced. Now I use that to help and encourage new landlords that are just getting started, just as it was done for me in the past.
My best advice to everyone reading is to always keep learning. If you’re at the beginning of a new venture, it doesn’t have to be daunting. Buy one book, take one course, visit one blog…eventually it will start to feed on itself and then watch out! You’ll be unstoppable.
To your success!