Education Needs Before Renting Out Your House

In this article, I'll be going over my education tips for renting out your house, with a focus on time needed for that education.

Adam's 1st rental property

• Time is Critical to Successful Property Management

• Education Prior to Your First Rental (110+ hrs if DIY (higher if >1 property, if low $ reserves to cover mistakes, or if high value property); 21+ hrs if hiring a property manager)

• Marketing (30+ hrs education DIY; 5+ hrs if paying PM)

• Tenant Screening (30+ hrs education DIY; 0-1 hrs if paying PM)

• Monitoring (10+ hrs education; 2.5+ hrs if paying PM)

• Abide by the Contract (5+ hrs education; 2.5+ hrs if paying PM), Including Providing a Property Inspection Report to the Tenant Within the Timeline in the Contract

• Abiding by the Law (30+ hrs education DIY; 5+ hrs if paying PM)

• Be Willing to Evict & Get Educated On It (10+ hrs education DIY; 5+ hrs if paying PM)

• See my Tips on Renting Out Your House

Related:

• Tips for Renting Out Your Home

• Landlords & Tenants

• Renting Out Rooms

• Short-Term Rental Options