Starting out in Real Estate investing

[Stephanie Labelle]

Hi, my name is Steph. I am looking to start out in Real Estate investing by purchasing a cash flowing Multi Family in the seacoast area of NH. I have been listening to the BP podcast, using the calculators, and researching a lot. The thing I am most worried about is the landlord part. What makes a good landlord? How do you make sure you are covered in case of accidents? How do you handle hostile tenants? Any advice from seasoned landlords would be great. Also, I am definitely looking to get some hands on experience with property management, so if anyone is looking for help, please message me.

[Derek Harris]

Originally posted by @Stephanie Labelle:

Hi, my name is Steph. I am looking to start out in Real Estate investing by purchasing a cash flowing Multi Family in the seacoast area of NH. I have been listening to the BP podcast, using the calculators, and researching a lot. The thing I am most worried about is the landlord part. What makes a good landlord? How do you make sure you are covered in case of accidents? How do you handle hostile tenants? Any advice from seasoned landlords would be great. Also, I am definitely looking to get some hands on experience with property management, so if anyone is looking for help, please message me.

Property management can make or break a lot of investments. My recommendation is to choose wisely. This can best be accomplished through referrals. If, however, you choose to be your own manager, I recommend reading The Book On Managing Rental Properties. It'll save you a lot of headaches.