
- Stick to your lease
- Screen Tenants
- Don't be Nice, Be Fair and Firm
- Don't get involved with tenant's personal affairs
- Don't give tenants a 3rd chance
- Avoid renting to friends and family
- Treat your rentals like a business
- Prioritize your todo list
- Learn from other's mistakes
- Don't be too eager to rent, picking a good tenant is important
- Don't replace carpet with carpet
- Take care of your property
- Document Everything
- Check out GovernRent.com
- Mind your emotions during a purchase
- Mind your emotions during an eviction
- Make it easy for tenants to upkeep things
- Be consistent with tenants
- Get all agreements in writing
- Be honest with tenants (and in general)
- Tenants aren't your enemy (landlords vs tenants)
- Don't pretend you don't own the property
- Have reserves
- Don't invest in markets you don't know
- Don't rent to anyone you're not willing to evict
- Take pride in providing a home to someone
- Do routine inspections
- Use the same paint in every unit
- Remember it's a rental when remodeling
- Know what tenants are looking for in a rental
- Set clear expectations with tenants up front, before they move in or sign a lease
- Screen tenants before letting them view the property
- The purchase is the best place to make money
- Don't fall for sad stories
- Don't let a tenant rush you
- Be flexible with your payment terms
- Be flexible with your payment methods
- Know when to hire and when to DIY
- Don't let a major setback keep you down
- Learn the rental laws where you rent
- When buying: Location matters
- When buying: Floor plans matter, they are hard to change
- Be willing to adopt to the market
- Don't chase Zero money down strategies
- Deals aren't done until they're done
- Carry an extra roll of TP
- Hire experts that will teach you
- Real estate is long term investment
- Real estate is not a liquid investment
- Show gratitude to those that help you
- Check your spelling in ads, posts, leases, communications
- Don't try to tweak the numbers to make a deal work
- Do your own research, blind trust can get you in trouble
- Don't take no for an answer
- Be careful who you take advice from, get it from multiple sources
- You don't need a Guru
- Don't be afraid to negotiate
- Make decisions based on numbers, not emotions
- Create win-win situations
- Go to bed at a reasonable time