Buying First Rental Property

[Jessica Monroe]

Hi Everyone,

I am looking to start buy my first rental property in Lincoln, Nebraska/ Preferably residential for the first purchase but open to multi-resident if it's the right property. In general what are some tips from experiences land lords on what needs to be taken care of from the beginning?

Thank you all in advance!

[Ned Carey]

First know how to run the numbers. There are a lot of hidden costs in real estate. Most people don't plan for them when they are new. This is often what causes new landlord to get burnt out so quickly.

A good saying about land lording is either you train you tenants or they train you. In other words you have to be strict with them.

Search the forums here. There has been a ton of great advice and lots of threads about tenants. Good luck - Ned