If real estate investing was easy, everyone would be doing it! The truth is that, despite the financial freedom and flexibility it offers, investing is hard work. And it’s even more difficult if you’re working a full-time job or raising a family. But with good time management and a little sacrifice, you can do it!
Welcome back to another Rookie Reply! In today’s episode, we talk about the challenges of juggling a nine-to-five job and investing. We also discuss some of the most important documents you need when creating lease agreements or inheriting tenants. Are BAD neighbors causing headaches and scaring away your best tenants? We have several solutions to this problem—including one that will help you avoid the issue before you commit to buying a rental property: ordering a property survey and setting boundaries!
If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).
In This Episode We Cover
How YOU can make time for real estate investing while working nine-to-five
Three documents you need to be in place when inheriting tenants
How to deal with troublesome neighbors (while buying more rentals!)
Why you MUST include lien prohibition notices in your lease agreements
Why every investor should order a property survey before buying a rental property
And So Much More!
(00:00) Intro
(00:46) Making Time for Real Estate
(07:49) Inheriting Tenants 101
(12:51) Lien Prohibition Notices
(17:21) Dealing with BAD Neighbors
(26:15) Do You Need a Survey?
(31:58) Send Us Your Question!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-413
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Real Estate Rookie