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Updated almost 2 years ago on . Most recent reply

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Stephan Guna
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Any resources for being a landlord

Stephan Guna
Posted

Hey guys simple question here, first time investing in a property.
I feel like I have done a good amount of research and I am finally ready to put my feet in. I am currently at the stage of looking at houses(duplexs) to start renting out. 

While there are surplus of information on starting out  and finding deals(YouTube)(Courses), it was somewhat difficult on finding information on starting out as a landlord. Things such as writing lease agreements, general rules to follow, security deposits, evaluating leases, etc. Do you guy's know of any good video's/other sources where I could learn about these various processes

  • Stephan Guna
  • Most Popular Reply

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    John Morgan
    • Rental Property Investor
    • Grand Prairie, TX
    2,733
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    John Morgan
    • Rental Property Investor
    • Grand Prairie, TX
    Replied

    @Stephan Guna

    I self manage 18 SFR and it's really easy to do. When something breaks, my tenant texts me. Then I text a handyman, HVAC guy, electrician etc to fix it. It's as easy as that. I get my leases for free on lawdepot.com. The key is to have very low turnovers which cost a lot of $, so treat your tenants good and they'll stay with you forever. I also invest in working class C+ class neighborhoods and have tenants that most likely will never be able to afford to buy or qualify for a home of their own. So my turnovers are practically zero which saves me a buck.

  • John Morgan
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