Homeowner · Tampa, FL · Member since 2016 · 358 posts · 65 votes
10y
The knowledge is so valuable.
After I learned and got my RE license, I realized how bad the most landlords I had.
The worst private home landlord is the one in Michigan: he is an part time agent and he and his wife walked into the renting home anytime without notice me. One day I was sleeping and he and another possible tenant walked into the living room.
This landlord refused to give me the deposit the day I move out of Michigan and said he was busying so I told him I will drive to his office to pick up the check and his house wife suddenly show up with check.
They are very satisfied for me staying there and he told me to keep electricity for extra few days until the new tenant moved in. The month I moved in and out electricity bills are > two times I paid regularly.
I hope he is an billionaire already.:-)
Real Estate Agent · Grand Rapids, MI · Member since 2014 · 493 posts · 200 votes
10y
The knowledge will be great. You'd also want to shoot for being a broker at some point so you can control everything you do and avoid the limits on the number of real estate deals you can do without a license, i.e. no more than 5 in one year. Being a broker and a member of a Realtor association will also provide access to the MLS which has invaluable information for investors. And, of course, if you aren't already, you should be a member of your local REIA/Landlord group. Good luck!