Important Lessons For Accidental Landlords

The last couple of weeks have put me in direct contact with a couple of accidental landlords and it’s been both good, and bad. Which is actually good!

You see, many of these landlords have ended up with properties they never intended to manage. That they never intended to be landlords of and that they really had no skills for!

But they did a couple of very important things.

First they took action.

They put their heads down, they jumped in without full regards to how deep the water was and they started moving forward. Which is where some of the bad appears.

Obviously if you’re brand new you make mistakes, but if you don’t take action to make the mistakes you never learn to correct them.

In a perfect world we would never make mistakes but unfortunately we don’t live in that world so mistakes often teach us valuable lessons that turn us into experts.

We learn by doing and we improve by learning from the mistakes we make along the way,
think about that for a minute!

Second they looked for resources to help them.

Like this site (he smiles broadly as he types that!).

We often hear talk about self made millionaires or overnight successes, yet the reality is none of them were self made and very few were overnight.

They became who they were due to the experiences they had and the people around them. Their parents their friends, their spouses, (if you’re a landlord hopefully me) and more.

The more resources, the more help and the more support you get along the way the sooner those accidental landlords can move forward to become expert landlords!

If you’re hoping to improve as a landlord, as a person or in just about anything, surround yourself with others already doing it, others who can support you and others who believe in you.

Now quick discussion, if you’re a landlord who has ever made a mistake, leave a comment below and share that mistake. If you learned a lesson from that mistake could you share that as well to help support more of those accidental landlords and to help them avoid making the same mistake!