Buying Your First or Next Rental? This Could Save You THOUSANDS! | Bigger Pockets Video

Episode #516

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Managing rental properties doesn’t have to be hard. You can do it without the midnight tenant phone calls, “lost” rent checks, and other common landlord headaches. Looking to buy your first or next rental property? Today, we’re giving a masterclass on how to manage a rental property, even if you’re a real estate rookie with zero experience in investing. Ready to start?

Here’s what we’re breaking down in this episode: What to do before you buy, getting your lease agreement together, handling maintenance requests and repairs, move-ins and move-outs, security deposits, and more! What software do we use to streamline all the tenant communication so we don’t deal with a dozen phone calls a day? How do we handle tenant complaints and damages to the property without having our hair fall out (Tony optionally shaves his head!)? We’re giving you complete lists of every app and software we use so you can manage with ease, too!

Also, why did Ashley publicly weep in a courthouse early in her real estate career? She shares one key tip to save you time, money, and tears!

00:00 Intro
00:28 BEFORE You Buy
07:40 Lease Agreements 101
15:11 Maintenance, Repairs, Tenant Requests
20:17 Move Ins and Move Outs
26:39 Security Deposits
28:05 Best Rental Property Software Best Rental Property Software
33:49 Landlord-Tenant Laws
40:23 You’re Ready for Your First Rental!