June 10, 2021
Ep 4 - Real Estate Investing: How I Started + 5 Tips for You
In this episode, I share how and why I got into the rental property market, cultural stigmas I encountered along the way, and 5 of my top tips for you if this is in your future plans
1. Find quality tenants; run background checks, credit checks, or outsource to a real estate professional.
Below are resources to run background and credit checks
www.tenantbackgroundsearch.com
2. Minimize tax liability by staying on top of eligible business expense write-offs and new yearly allowances published by the IRS.
3. Align duration of rental lease agreements to prime moving season
4. Avoid renting to family and friends
5. Set up an LLC to protect your personal assets
