Updated over 10 years ago on . Most recent reply
Hair Brained Idea?
Would it be crazy to offer free property management to, "Learn the Ropes"?
Most Popular Reply
Start by writing out the basic steps it takes to do a deal - here's a 10,000 foot view:
1. Find and buy a property
2. Make said property rentable
3. Get a "For Rent" sign and put it in the yard
4. When a person calls, make them your renter (if they qualify)
5. Collect a security deposit and 1st & last month rent.
6. Set very clear expectations of when rent is due, when it is considered late, what the late fees are, etc....
7. Collect the rent each month, and learn from your experiences
8. Start over at step 1 with another property and do things better on the next one.
and that's it folks. Success in Real Estate in 8 super generic steps (obviously there's a few details in the middle there)