Resources for Landlords & Rental Property Investors

Every year, thousands of new investors get into real estate believing that it is the path to financial freedom. In many cases, however, it doesn’t turn out like they had hoped. They may earn a decent income and they may even see some big profits, but they still find themselves living paycheck to paycheck rather than building a fortune. 

Have you ever wondered how regular people like teachers, nurses, plumbers, and mechanics end up becoming millionaires through real estate? Are you hoping to learn the secret so that you can start building that kind of wealth yourself? Well, good news- we've got the secret right here! And better news- it’s easier than you think. What follows is our guide to the simplest, most proven method for building wealth through real estate. In this article, we’ll show you why single-family homes are the perfect investment vehicle for wealth creation, identify the five different ways these investments build wealth over time, and explain why it’s so important to think long-term. By the end, you’ll have a good idea of the kinds of properties to look for and how many it will take to make you a millionaire. 

Anyone who tells you that rental properties provide passive income has clearly never been a landlord. Between regular maintenance, emergency repairs, texts from tenants, HOA compliance, and financials, there’s plenty to keep you busy. It doesn’t matter if property investment is your side hustle or you have a portfolio a hundred units strong, the demands can easily become overwhelming. Luckily, there is somewhere to turn when you feel like you’re drowning in voicemails and untrimmed hedges: professional property management.

Owning a cashflow-positive rental property appeals to those wanting long-term wealth, but handling the day-to-day requirements of being a landlord can be cumbersome. That’s why many investors rely on professional property managers to ease the burden. Property managers handle leasing, maintenance, billing, and more. However, outsourcing these components of owning a rental property is not without inherent risk; a bad property manager can end up degrading the value of your asset and spoiling your relationship with tenants. This article will explain everything you need to consider when looking for a top-quality property manager.