If you are interested in getting into the Rental Business, I would like to let my 43+ years experience as a Landlord to help you learn how to begin.
Have you ever thought about owning a rent house and enjoying extra income or saving for retirement, but had no idea where to begin? Did you ever ask your self, "how profitable an investment would a rent house actually be?" Maybe you have planned on buying 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 course deals first with answering the question: “Why you should invest in rental property?”
After giving several reasons for doing that, including reasons for why now is a good time to invest in rentals, I answer the most important question a landlord can ask: “How do you select a good renter?”
And finally I look at how you can design your own written rental agreement and how to use it to experience more satisfied tenants.
You will gain the understanding that normally comes from years of experience in the rental business.
Oh, and don’t forget to look at the bonus lecture at the end of the course. Also, for a limited time this course is free.
This introduction tells what to expect in this course and shows the trends of rental property in our society.
This lesson teaches the advantages and uniqueness of rental property as an investment. It shows the pros and cons of investing in rent houses.
This lesson covers the skills needed in selecting a good renter. Included is an introduction to the "Rental Application" and how to use it in selecting good renters.
In this lecture we will cover all of the components that might be included in a rental agreement and how to make and use your own agreement.
This lesson is the conclusion lesson and recaps what the course has covered. It also tells what is included in the second course "29 Proven Tips on Buying and Managing Rental Property".
This Bonus Lesson contains extra resources to use in managing rental property.
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 for 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.