Episode #332
First rental property? Security deposits, credit checks, and home renovations can seem DAUNTING when it’s your first real estate rodeo. How much do you charge, which tenant do you select, and will refreshing the grout allow you to double your passive income? These are just some of the questions you’ll have before you collect your first rent check. But don’t worry about answering them yourselves; we have the experts to help!
Welcome to this week’s Rookie Reply! If you’re just starting your real estate investing journey, this is the place to be! Ashley and Tony go through some VERY common questions, such as what to do if your tenant terminates their lease early, how much to charge for security deposits, and how to run your first credit/background check. For those who are a bit more experienced in the investing game, we also chat about HELOCs, rental renovations (and if they’re worth the cost), and moving properties into an LLC.
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group, call us at the Rookie Request Line (1-888-5-ROOKIE), or click here: www.biggerpockets.com/reply?u...
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Join BiggerPockets for FREE:
www.biggerpockets.com/signup?...
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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Find an Investor-Friendly Agent in Your Area:
biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
biggerpockets.com/findlenders
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Submit Your Real Estate Rookie Question!
www.biggerpockets.com/reply?u...
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Hear About Tyler Madden’s HELOC Investing:
www.biggerpockets.com/blog/ro...
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The Landlord’s Guide to Rental Property Security Deposits:
www.biggerpockets.com/blog/re...
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Background Check Tools Mentioned in Today’s Show:
AppFolio: www.appfolio.com/
Avail.co: info.avail.co/info/bigger-poc...
Buildium: learn.buildium.com/?...
RentRedi.com: rentredi.com/biggerpockets/
TenantReports.com: www.tenantreports.com/program...
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Connect with Ashley and Tony on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Tony: www.biggerpockets.com/users/t...
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Shoot Ashley and Tony a Question on Instagram!
@wealthfromrentals or / wealthfromrentals
@tonyjrobinson or / tonyjrobinson
00:00 Intro
02:24 Early Lease Terminations
08:27 Evicting an Airbnb Guest!?
12:02 Can I Keep My HELOC If I Move?
16:23 Security Deposits 101
24:39 Background Checks and Tenant Selection
29:16 Moving Properties into an LLC
33:46 Is Renovating a Rental Worth It?
37:37 Send Us Your Question!
Негізгі бет First Rental? Security Deposits, Credit Checks, & Renovations 101
Пікірлер: 17