The RentalRookie Podcast

Yep....not just a new year...it's a new decade.

And with that comes excitement and inspiration and motivation.

It's like you wake up one morning a totally changed and motivated individual....

because that's what happens.

We go to bed on December 31st every year and wake up a new person the next morning.

Right?

I'm here to tell you that this year.....is your year.

Stop letting your fears get in the way....

Stop letting what other pe...

We've made it to the end of our 12 days of Christmas and I hope I've inspired and motivated you to kick some butt in 2020.

So to end our 12 day long focus of learning about investing in real estate I'm giving you 4 things to do right now to jumpstart your journey toward buying that first property.

!. Do a financial audit of your finances

Take a look at everything.

• Calculate you total monthly income (include work income, side ...

It's the 11th Day of Christmas

Stage fright.

Have you ever felt this?

When you've worked so hard at something (dance, piano, athletic event, choir concert)

you've put your blood, sweat and tears into really mastering the skill so you can perform well.

And you get to the event…..and your slammed with stage fright.

It can totally inhibit your performance.

Fill you with anxiety and fear,

Even when you know you've done the work to get ...

We are about to kick off a brand spanking new year.

And if you already own a rental property but have not kept track of your tax deductible items for investing in rentals now's the time to clean that side of the business up.

If you're coming in hot to 2020 ready to buy your first property…then knowing the things you should be keeping track of from the start will make your life 100x more easier when it comes time to do your taxes.

-...

It's the 9th day of Christmas and it's my birthday!!

And in the spite of gift giving in receiving I want to talk about tenant experience and how providing tenants with unexpected gifts can be huge in having proud, loyal tenants.

Think about it.

We put a lot of effort, time and money into buying these investments and we want to have a great experience ourselves so we need to have our tenants have a great experience.

How do we do thi...

What is awesome about investing in real estate is that we know before we ever close on a deal and sign the dotted line whether a property is a good deal.

The process of buying rental property is in a lot of your control.

Which either…

A. people love because they like control

or

B. scares the daylights because they don't want to be responsible for the make or break of their financial investment.

And a big part of this comes down to ...

Guess what….I love to travel.

IT's my passion…it's my jam.

So I subscribe to many different email newsletters dedicated to travel.

Travelzoo, Sherman's Travel, Hotel Tonight, you name it I'm on it.

And I don't just let those email go to my junk email address and not read them

I know what days those emails come out every week and I look for them in my email inbox week in and week out.

WHY?

Because I want to see what the deals are th...

Should I self-manage my property?

This is one of those questions you will have to ask yourself when you decide to buy that first rental property. But I will say that it is a loaded question.

It goes a lot deeper than just a yes or no question. There are a number of things that you need to think about when it comes self-managing and a number of questions you can ask yourself to help you determine what might be best for you and your ...

If it's your first property finding it doesn't have to be fancy or expensive

There are tons of resources available to help you find potential rentals.

The key is knowing and using the variety of resources available for you because not all properties are listed on every platform.

And sometimes properties aren't listed anywhere at all.

Yes, you actually have to get out and talk to people and get deals through word of mouth.

But somet...

This is always one of the top issues.

I hear it time and time again from my community of rookies..

"How do I finance my 1st property"

What sucks about investing in rental property is that there is most definitely a high barrier to entry…

20% is a lot of money.

IF you plan to buy a rental property using a conventional loan and not living in the property you can expect to have to put down 20%

So in real numbers…

…we're looking at

$20...

With every new year comes the excitement of a fresh beginning…

…a new start…

…a new you.

Right….many of us sit down and make audacious goals about what we want to accomplish in the new year.

And trust me…Kirk and I are here for it!

We LOVE sitting down and talking about what we want to accomplish in the new year

and looking back on what we accomplished the previous year.

We actually used to get made fun of by much of our family for...

If you're anything like Kenny who recently said his obstacle is "worrying about the fear of failing"

or like me

who was scared to start because I lacked confidence and knowledge.

Then you're not alone.

And sometimes it can be reassuring to know that others are feeling the exact same way you are in your journey right now.

Getting started with rental property is not easy and is very intimidating as a rookie investor.

You've probably ...

Yes, it's true.

I love this time of year.

The holiday songs, decorations, lights, trees.

I love the way our house feel all decorated and at night when only the lights of the tree and our decorations are lit.

It's cozy.

So I thought it would be fun to end the year and prepare for the new year by starting the 12 days of Christmas- our edition.

Meaning that we've taken some of the most asked questions from the year, topics we've cover...

The journey to buying that first rental property is no doubt a bit scary.

When you actually commit to stepping out of your comfort zone and seriously tackle the endeavor you can find yourself a bit lost and confused and overwhelmed.

While there are a number of things that you need to be aware of and learn about the journey to that first rental property (which we cover in our Rental Property Roadmap) there are foundational pieces of...

When you're just getting started with investing in real estate everyone goes through a period in their journey where they don't know where or how to start.

And let's be honest...in today's society many of us want to know the answer now.

We hate having to go down the road of figuring it out and mostly because time is the thing that we all seem to never have enough of.

So for years of working with brand new investors we've answered t...

When you're just getting started with investing in real estate it's easy to get caught up in the overwhelm of everything there is to know.

You are learning everything on the fly and trying to put it into practice and it's easy to let things slip through the cracks.

We see it happen with new investors all of the time and admittedly we have fallen victim to some of these too.

So we’ve put together 7 mistakes that are often made by ne...

When you are just getting started when it come to real estate investing there's no doubt that it is overwhelming.

You're probably asking yourself questions like:

where do I start??

how do I start??

What investment strategy should I use?

Are the market conditions right for me to buy a property right now?

And while we have an entire roadmap that we've put together to help you figure out where to begin and what things you need to know...