Learn together when you can or leave some links when you find something good so that it is a shared activity.There are so many posts about the metrics of a deal, or the qualities of the asset, but those won't matter if you put your relationship in the middle of your investing trajectory.

This reassures potential guests that you care about service quality without engaging in a back-and-forth.Address Any Legitimate Issues: If there’s any valid criticism hidden in the hyperbole, acknowledge it briefly.

I find that when I allow pets, I get more and higher quality applicants who earn more, have better credit, and have fewer background problems.

Get to at least 2, ideally 3 properties, before switching locations.3) Focus on the quality of the investment, not any investment.

Selling (1031 exchanging) our high equity family owned properties is the best (really only) option that we have for funding our share of new purchases right now and with each new purchase, we are buying nicer and usually larger units in better neighborhoods so I'm trying to improve the quality of our family owned holdings in addition to growing a new business with our new partner.

That is a good point, and you might have better luck if renters are able to see the quality of landlord they are going to rent from.

As a newbie here, my greatest challenge is consistent, reliable, high quality, detail-oriented cleaning.

Just a lot of systems, paperwork organization, and staying abreast of/within the law (required notices, addendums, etc.).3) The screening criteria we use:650 credit score or aboveIncome 3x the monthly rentNo pets (depending on the property)No smokingNo evictions, notices to comply, or money owed to landlords in the past 12 monthsProof of income and financial responsibilityAdditional:First, last, and security deposit due at signing750+ credit score does not require last month rent (helps incentivize quality tenants)Best of luck!

Regular inspections and making sure the property looks great not only helps with tenant retention but also attract quality renters.What about you?

What Qualities Should You Look for in a Borrower Before Offering Private Money Loans?