Real Estate Rookie 256: Rookie Reply: Escaping the Corporate Rat Race and Property Management Q&As w/Isaac Lane
Escaping the rat race at 26 isn’t easy, but Isaac Lane, Arizona-based investor and rookie landlord, is doing it through out-of-state investing! Isaac started investing only a couple of years ago, but he’s been scaling quickly as he purchased five rentals in his first year of investing alone. Now, he balances his time between working his day job as an engineer for a commercial real estate firm and managing his properties that are multiple states away!
Welcome back to another Rookie Reply, where Isaac is helping us answer some common property management questions. He gives advice on how to start investing out of state and where to begin building your real estate team. And for those who still haven’t done their first deal yet, Isaac talks about property management, maintenance requests, inherited tenants, smart devices, landlord insurance, and why you ALWAYS change your locks during a tenant turnover.
If you want Ashley and Tony to answer a real estate question, you can 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 to start escaping the rat race through real estate investing (even at a young age)
Long-distance real estate investing and the team you need to succeed from afar
How property managers handle maintenance and why you should ask for pictures on every repair
What to do when you inherit tenants and whether or not they should re-apply for your rental
Landlord vs. homeowners insurance and why tenants should always have a renter’s policy
When to change locks on a unit and the big key-code mistake Tony made on his short-term rental
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Real Estate Rookie Facebook Group
Connect with Isaac:
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-256
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