Real Estate MISTAKES I Made as Newbie Investor - BEWARE of...

I look back over my career in real estate investing, whether it is choosing the wrong contractor, that isn't timely - especially in our case, where you lead contractors virtually. We get referrals, but sometimes they still don't work out. 

Dealing with Contractors 

Contractors show up intoxicated on the job. We came up and there were beers and a contractor actually sleeping in the vacant house. And we're like, “Man, why are you sleeping at the property?” So, we've had some other issues like that, that we've had to deal with.

Vetting of Tenants 

We were not properly vetting the residents that are going into the rental property. We were in a situation where we had to get ready for a new tenant, but the old ones caused damage to the property. We had to go back in and make renovations before we could lease it out again.