Investing takes time, energy and the wrong instructions can cost you thousands. Here are a few common Real Estate mistakes when it comes to investing.

 

 

1st Mistake- No longer taking action. Many Potential investors have taken many real estate courses and attended boot camps and then do Nothing! The information is at its freshest and stays in your mind right after you have taken the course. This is the best time to apply your skills and knowledge you have learned.

 

2nd Mistake- Screening Tenants. Most investors have a problem with is screening their tenants. One of the most profitable way's to earn money in Real Estate is to buy and hold property. In doing so you have to deal with tenants. A good suggestion is to hire a reputable property management company. A bad tenant can cost you lots of money in the long run.

 

3rd Mistake- Lake of Education. Real Estate is on of the few investments in which risk is directly proportional to knowledge. Having a property manager is ideal, they will help you manage your portfolio and keep the lines of communication open.

 

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About the Author:

Mike Lautensack is the owner of full service Residential Property Management company based in and around Philadelphia, PA. He advises real estate investors how to build wealth and financial security through hassle-free ownership of investment real estate with their “No-Hassle Property Management Program.” This proven management system allows owners to enjoy the financial benefits of cash flow, tax savings, and wealth creation while it GUARANTEES you will never receive a late night emergency call, deal with a lengthy eviction proceeding or ever have to interact with an irate tenant.