Do you talk to other landlords? Or do you find yourself simply keeping your head down doing your own thing?
Being a landlord can be an incredibly lonely career choice, especially if it’s your primary job. Your main contacts end up being your tenants and you don’t really want to share stories of success or challenges with them.
Worse yet if you have a single rental you’re likely in a situation where you don’t really discuss your challenges, your successes or even your stresses about your property to your friends and co-workers.
They simply don’t relate…
You need to surround yourself with other landlords.
Landlord Groups, Landlord Associations, Or Other Landlords You Meet.
Groups, associations, even other landlords can all provide you a place to share your stories, your concerns and your successes with and that makes a huge difference in your long term success as a landlord.
I’m writing this today due to a consulting call I had yesterday with a long time landlord (over ten years) who’d basically secluded himself for the last several years.
He was just doing his thing, fighting his fights and not making any headway.
Now he was considering adding to his portfolio, picking up where he left off many years ago and focusing more on his Real Estate, but he’d lost contacts, relationships and possibly even motivation by being on his own.
So my advice to him, get active again!
Reach out to people who are doing what he wants to do, again.
Start conversations with other landlords, join a Facebook landlord group or attend a landlord meetup. Just start surrounding yourself with people who are doing what you want to do.
They may not all be succeeding, they may even be struggling, but by sharing stories and supporting each other it can help all of you to grow, to succeed, to thrive.
As I know many people he should be reaching out to I gave him a list of names to contact, a timeline to reach out to them and a deadline to update me on his progress.
Now it’s up to him (and in your case you) to take action and move forward.
I’m Picking Up My Game
I’ve spent the last several months working on my landlord game because I too have been coasting.
It started by joining multiple online landlord and investing groups and trying to help answer questions and solve problems for other landlords both new and confused.
It evolved into my 31 articles in 31 days journey where I pumped out a ton of new content to help landlords out there.
This has led me to a speaking engagement next week and another one in a couple weeks (which means I have to start dressing like a grownup again too, sigh).
By being active and engaged it can help not just you, but others as well.
So hang out with other landlords, share stories with other landlords and we’ll be able to help us all grow!
Are you an active landlord? Or a passive landlord keeping to yourself? Do we need to start our own group, or could you recommend some groups for other landlord? Leave a comment below with your thoughts.
Here’s a good place to start if you’re on Facebook, search for the Landlord Round Table group where you’ll find over 10,000 other landlords sharing stories, looking for advice and generally helping out others. It might be a good way to get started connecting without even having to leave your home!
Kelly Simpson says
Good advice, Bill. I joined a secret Facebook landlord group a few years ago. Not a huge group, with about 130 members but it has been a great place to get advice, and see what happens with others. We also have a blacklist for bad tenants! I share some of Bill’s posts in the group too. It is great to know one is not alone out there!
Landlord Education says
Thanks Kelly, and thanks for sharing my stuff! Bill