Treat investing as a genuine business rather than a side hustle.

Treat investing as a genuine business rather than a side hustle.

I currently operate a mom and pop rental business in Reading with my wife where we provide an alternative to the slum lord business model that has existed in the Reading market.

You should focus on real estate rather than waste time on things you don't do well - and you need to make sure the marketing lines up with your real estate business.

The #1 FUNDAMENTAL FLAW I see self-managing landlords and way-WAY too many PM's do is NEGLECT the entirety of the BUSINESS of things. 

Something worth at least looking into for the original poster is checkout "zen business . com " You can try to make an LLC on your own there before paying a lawyer 

The leasing fees are the low hanging fruit that makes that business even worth pursuing.

-It is a much more active business than a traditional rental.

The more established borrowers with a track record likely have their banking relationships in place so how to you earn their business?

Keep in mind if you are doing commercial/portfolio/other loan types then none of this may matter…but for Fannie/Freddie it will.SCHEDULE CThe Schedule C portion of your personal tax returns is where most people file a business that is operated as a “sole proprietorship”.