To thrive in real estate investing, you must maintain a firm grip on your finances.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Offering to compensate them for their time can go a long way in maintaining a good working relationship.Let me know how I can assist further—best of luck with your project!

Screen tenants thoroughly, have a solid lease, and maintain an emergency fund for unexpected expenses.

However, if you clearly communicated a $15K budget, I’d stick to that and ask them to discuss the overages with the contractor to find a resolution.As a side note, always try to maintain reserves for your properties.

To thrive in real estate investing, you must maintain a firm grip on your finances.

We both run our own businesses but we feel that real estate will help make sure we both maintain our life plans of not needed to work as much any more.

Has anyone here retired debt-free, and how has that impacted your life versus maintaining debt for investingLooking forward to hearing your thoughts and experiences!

Over the next 6-12 months, keep building your savings, maintain that strong credit score, and dive into researching your target markets.

While leasing is the front door to maintaining a property’s occupancy, renewing tenants is the back door.