Are you a savvy success-driven woman who wants to secure your financial future with a rental portfolio? Not only can you build long-term wealth through your rental properties, but you also get to be your own boss and call the shots. As someone who’s been in the real estate game for a while, I know how intimidating it can be to start building your rental portfolio. But trust me when I say that the rewards are worth it!
You may have just bought a rental property that will need renovations, or you may have a tenant turnover in one of your rentals that needs some TLC before you move your new tenant in. Your contractor is compiling the scope of work, and on that SOW, they have included a tub that has chipped or some minor damage, is old looking, and needs to be reglazed or replaced. So, now, what do you do? Will you reglaze, or will you replace it? To help you make that decision, here is a list of pros and cons of reglazing a bathtub compared to replacing it.
One thing that I know for sure is that there will always be renters. This means there will always be a need for rental properties, and this puts landlords at an advantage. The other thing that I know for sure is that a buy and hold portfolio will increase in value over time. Investing in real estate can be a lucrative and rewarding investment.
If you are a woman building a rental portfolio, it may seem like an impossible task when you are starting from scratch or ready to go to the next level. However, now is the time for all women to defy those odds and gain momentum in real estate investing.
Owning rental properties can be both a lucrative and rewarding experience but starting on the right foot and having the know-how to handle tenant relationships is key. It is imperative that you have the proper knowledge if you want to build a good foundation from the beginning and avoid significant problems down the road.
Last December, the word Forward came to me, and in that instant, I knew it would be my word for the year of 2022. It’s a word that always makes me feel like I am in motion. Forward motion. We can’t look back if we are looking………. Forward.
It’s a nice gesture to treat your good tenants with a small gift during the holiday season. Before you object and say, “Tenants are not my friends,” I agree with that statement, and you don’t want to get too friendly; however, my motto has always been “Friendly but Firm.”