29 Proven Tips on Buying and Managing Rental Property
What you'll learn
- Understand more about purchasing rental property.
- Have more knowledge of how to maintain a rent house.
- Understand better how to select and managing renters.
- Make better decisions as a landlord.
- The must have a desire to own and managing rental property or they must already own rental property.
If you are interested in getting into the Rental Business, I would like to let my 43+ years of experience as a landlord help you learn how to begin and succeed.
Have you ever thought about owning a rent house? Have you ever thought about enjoying extra income or saving for retirement, but had no idea where to begin? Did you ever ask yourself, "how profitable an investment would a rent house actually be?"
Maybe you have planned on buying a rent house or renting a house you already own, but didn't know where to start to find a renter? You might be afraid a renter would tear your house up, and would like to know how to prevent that from happening. I have good news for you.
This 22 lesson course contains 29 proven tips on helping you do just this. It has 7 lessons covering the purchasing of a rent house, and 12 on finding renters and in managing rental property.
You will gain the understanding and knowledge that normally comes from years of experience in the rental business. This course covers from selecting a rent house location to bookkeeping and filing taxes.
Oh, and don’t forget to look at the bonus lecture at the end of the course.
Who this course is for:
- Those looking at purchasing rental property, those planning to be a landlord.
- Landlords looking to be more succesfull or profitable.
My name is Clark Waggoner. I live in Oklahoma in the Tulsa area. I was in the home improvement business for the first 20 years of my career. Due to foot problems I got off of the ladders and started an IT business which I ran for 19 years until I sold it in 2011. I have been retired since then.
My wife, Sandy, and I have owned rental property since 1973. We have owned or managed over a dozen different rental properties. We currently own and rent 3 paid for houses to supplement our retirement.
We received advice and encouragement when we started from my wife’s parents who had owned and rented several houses most of their adult life. But experience required that we learn a number of lessons as we continued in the rental business ourselves. Coupled with a number of changes in the housing market in our area over the years we have learned many principles of success in owning and managing rental property.
We have seen the demand for rentals wain and grow over the years. We have seen booms in the housing construction industry that flooded the market with used houses, we have seen interest rates go as high as 21% on home mortgages, we have seen the inflation rate hit double digits, we have seen the bottom drop out of the housing market, we have spent the whole evening without supper while prospective renters were 2 to 3 deep waiting to be shown an available house and we have gone 60 days trying to rent a house. We would like to help you be successful as a landlord.
There are 2 principles we have always followed. (1) We would never rent a house we wouldn’t live in ourselves, and (2) we have always treated renters in the way we would want to be treated. Remember, this is a service business, providing people a place to make their home.