As a general rule, it's best to learn how to handle problems before they become problems. make a list of the potential problems you could face as a landlord: rent rates, marketing, collecting deposit, late rent, unpaid rent, abandoned rental, early lease termination, unauthorized pet, etc.

I have plenty more questions but, for a later time. 

Incidentally, a month later the insurance company providing homeowner's insurance dinged us for having the tenant have the policy in his name, claiming that the actual owner was not the tenant, but in fact, the land trust.

Hey Clare, yea currently managing since i want to know what exactly managing is and how i can autopilot later on.

I believe the only way to get somewhat solid protection in this scenario is to have the title AND the loan in the LLCs name from the start (not in your name and then later quitclaiming it).

Sooner or later, demand is going to significantly exceed supply In Calgary, and Calgary will be just as expensive as any other Canadian city.

Hi, so I started with a buyers agent but I’m very efficient and finding the deals myself and also finding at times they’ll say they’ll ask the seller something but then text a few days later, “Just asked the seller [insert].

@Chris McDanielHey, a few years later.

(I have photos of the shower that my tenants had send me and there was no crack or holes) He is now quoting me $6k to change the pan or $9k to replace the entire pan and walls.I told him I need time to speak to my partner (husband) we call him later and he said he would call us back but never did. 

Mastering the process in one area will help you build confidence and create systems that you can replicate in other markets later on.Starting virtual wholesaling can be a game-changer if done right.