Long story short, just study the market and you'll get better with experience.Online rent collection is definitely the way to go, particularly if it's tied into your PM software so you don't have to log anything.

So, when you are looking for multi-unit properties to purchase and the marketing package indicates the annual expense rate is less than 50% you need to challenge that number because the sellers innocently or purposely deflate the numbers and you should always change the rate and base the price you would pay for the property at 50% because there are many factors that change the expense rate i.e. the sellers were cheap and did not maintain the properties properly, deferred too much maintenance, or they personally did the repairs and you may not have that ability.

If your property is well maintained and appealing, a renter will be willing to pay more than the prevailing market rate.

How often do you need a handyman on your rental property?.Reliable contractor accepting new clients in sw washington.

Common uses include receiving/processing applications, tracking rental units, leases, tenant contacts, payment history, accepting online payments, maintaining documentation, and tracking maintenance.

I would like to take action asap.This is what I've researched so far to get started:Look for potential markets by studying the macro economics.Research neighborhoods.

Nothing is fair in this world.If things were actually FAIR in real estate, you would charge just that amount of rent that allows you to buy and maintain the property.

SB 291 prohibits the landlord from charging a screening charge unless the landlord includes written notice to the applicant of the following:A right to appeal a negative determination, if any right to appeal exists;Any nondiscrimination policy as required by federal, state or local law plus any non-discrimination policy of the landlord, including that a landlord may not discriminate against an applicant because of the race, color, religion, sex, sexual orientation, national origin, marital status, familial status or source of income of the applicant;The amount of rent the landlord will charge and the deposits the landlord will require, subject to change in the rent or deposits by agreement of the landlord and the tenant before entering into a rental agreement; andWhether the landlord requires tenants to obtain and maintain renter’s liability insurance and, if so, the amount of insurance required.The following will require landlords to review their screening criteria and application documents.

Cost Segregation Study. 

I watched a lot of videos, read books, studied anything I could but what really rocketed my learning was working under a fulltime wholesale with a decently big operation.