Join the RentalRookie Pro Community

We've made RentalRookie even better. Access training courses, videos, spreadsheets, checklists, monthly live calls and more in the brand new RentalRookie Pro Community.

Learn More

Check Our Our ALL NEW Financing Videos that Will Teach You Everything You Need to Know to Finance Your Next Deal

Video #1

House Hack Your First Rental Property

Want to get into real estate investing, but don't have a ton of cash to start? Looking to buy your own home as well? Well, you can do both at the same time by buying a multi unit for a personal residence, rent out the other side, and then rent out the whole property when you move. All the while making rental income and keeping money in your pocket!

Video #2

Debt to Income Ratios: Why They Determine Your Ability to Qualify

Anyone looking to buy a piece of real estate with financing needs to understand the DTI Ratio. It can determine what you are able to borrow and you can figure out your ratio on your own.

Video #3

A Buy & Hold Investor's Ticket to Financing: Conventional Financing

As an investor in rental property seeking financing from a bank, this will be the road you will most often take.  It is the most used type of financing for rental property investors. Learn about conventional financing, its terms and actual numbers on a deal.

Video #4

The Power of Cash

When investing in real estate it's amazing how much power paying in cash has to help close a deal. Tune into the video to see what leverage you can obtain when you pay for a deal in cash.

Rental Property E-Course

Let me walk you through some of the most overwhelming aspects of investing in rental property.

Our videos will show you how to find, analyze and manage your investment properties.  All while providing you with great resources and "extras" that you can download, print and use during your own investing process.

What I'll Learn In The Course...

  • How and where to find properties
  • How to analyze and "run the numbers" on potential properties
  • What to do to be a prepared landlord
  • Why you should complete walk thrus with tenants
  • How to calculate an Return on Investment (ROI)
  • What you should include in a tenant application
  • Why running a rental comparable analysis can save you from bad deals
  • What to do when you find a property you are interested in
  • and more...

Rent_Home-512

Finding Rental Properties

Yes, you've done it.  You have decide what type of investor you are and you are ready to take the next step in your investing journey.  So what is that next step?   Finding the right rental property for you.  Luckily, there are multiple ways to do this and you may do one or all of the following:

  • Find and talk to an agent about current listings
  • Reach out to family and friends about properties they know are for sale
  • Check out online resources to find foreclosures, auctions, re-sale, and for sale by owner properties
  • Drive around potential neighborhoods you wish to invest in

SEO_Monitoring-512

Analyzing Rental Properties

So you've found a potential rental property, great!  Now you must decide if the numbers work.  Remember, to be a smart and savvy investor you must buy based off of numbers not emotion.  However, you don't just want to look at the purchase price and potential rental income.  There are a number of other numerical factors that you must take into consideration including:

  • HOA/Condo Fees
  • Property Taxes
  • Home Insurance
  • Potential Rehab Costs
  • Holding Costs
  • Property Management
  • Capital Expenditures
  • and more...

Technology-04

Managing Rental Properties

Yes, you have successfully researched, analyzed, and purchased your rental property! As happy as you are, you must know that the work doesn't stop there.  If you do your diligence and fix any problems and rent to good tenants, your work may be minimal.  However, you are now a manager of your property and with that comes a lot of responsibility.

  • Uphold the terms of the lease
  • Fix any issues that may arise
  • Keep records of your expenses & income
  • Hire contractors for small or large fixes
  • Screen Tenants
  • Show the property to potential tenants
  • and more...

Downloadable PDFs: Click below to access a variety of spreadsheets, checklists, and step by step guides.

Brand New Download: Walk Thru Checklist

Download our Free Walk Thru checklist to help you in your landlording journey.  By completing a walk thru when a tenant moves in and out of your property protects you from potential misunderstandings.  Documenting the condition of the property at both times (I even recommend taking pictures) helps keep your property safe and your pocket full.

Download Now

Get the Details on Our Rental Portfolio

Looking to see some actual numbers, pictures and breakdowns of real investor's properties? Perfect, look no further!  Check out the PDFs below to see our actual rental portfolio.  You can see pictures of our properties, the mortgage information and current rental rates and income.

Property #4

Condominium
3 Bds-2 Bths
ROI 24.30%

Click to Access

Property #5

Duplex
3 Bds-2 Bths
ROI 27.09%

Click to Access

Learn From Our Own Renovation: We take you through the different steps of a recent fix up of one of our properties.

Check out the video to learn about one of our quick renovations to our rentals.  We take you through the planning, actual renovation and the real numbers that came with the project.  Let us walk you through our own reno to help you feel more confident in your own!

Access Our Budget Spreadsheet

Rental Property for Rookies: The Complete Guide to Getting Started with Buy and Hold Properties

Save $5 on our Ebook for joining the RentalRookie Community (originally $14.99)

Buy Now

Relatable Resources: There are plenty of resources available online for you to use as a buy and hold investor. Check out some of the ones we've used and recommend to other investors.

arrow

As a Thank You, Get 15% off at EZLandlord Forms