The Educated Landlord

Making Landlording Easier

  • Home
  • About
  • Articles & Landlord Tips
    • Articles about Running a Landlord Business
    • Property Management Articles
    • Articles about Landlording
    • Articles about Tenants
    • Articles about Investing In Real Estate
    • Landlord Video Tips
    • Articles about Renovations & Your Rental Property
  • Landlord Training – Courses/Books
  • Rooming House Resources
    • Basics of Rooming Houses – A Beginner’s Guide
    • Rooming House Tips
    • Rooming House Articles
    • Rooming Houses – Consulting
  • Contact Us
  • Landlord Tools
    • Prorated Rent Calculator
    • Rental Property Cash Flow Calculator Tool Simple
    • Rental Property Cash Flow Calculator With Details
  • Access To Courses
You are here: Home / Investing In Rental Real Estate / What’s Your Plan? Or Do You Have one?

What’s Your Plan? Or Do You Have one?

November 1, 2013 By Landlord Education

Your Landlord Plan

Blueprints for your landlord business- have a planIt’s amazing how often a landlords plan it to invest in a rental property and rent it out. There done, that’s my plan. But is it a plan or is it a part of a plan.

In the following video I talk a little bit more about landlord plans and hope to provide you with some clearer thoughts about what your landlord plan should be.

I experimented with some close ups (sorry if I scare anyone), and my new microphone had the volume levels too low so hopefully you can still hear it. As always, love to hear any feedback you may have so leave me a comment, send me an email and be sure to share with any other landlords you may know.

Hey, if you have a plan and want to share it for inspiration for other new landlords out there, we’d love to hear it so leave a comment below. Hope this video helps with your landlord education. As always, if you have other areas you’d like to see videos or articles on, let me know.

Landlord Plans Update

I just finished a chat with an aspiring landlord this morning. He’s nearing the end of month three and getting ready to start month four of his two month renovation before it’s ready for tenants.

He had a plan, but couldn’t stick to it for various reasons. And that’s fine, sometimes your landlord plan has to change to fit the landlords situation!

Just remember that plan is what will get you to the end, so if you have to adjust your plan, make the adjustment to continue to move you forward.

With the fellow I talked to this morning, his challenge was lack of time as he was doing all the work. To help him get back on track I recommended his plan change to include some paid workers to get the property back on track.

His two month over run cost him not just his mortgage payments, but utilities, taxes, insurance and his lost time. Worse yet, he had tenants lined up and the delay could end up costing him another month of vacancy once he’s done.

Spending $1,00 even $2,000 to get it done, now, will change the plan, but it will get ti back on track as well.

So the lesson here is be ready to adjust and correct plans that don’t work!

Share this with your friends:

  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
  • Email

Related

Filed Under: Investing In Rental Real Estate, Landlord Business Tagged With: buying rental properties, investing in rental properties, landlord advice, landlord tips

Comments

  1. Kevin Kennedy says

    November 1, 2013 at 9:56 am

    Thanks for the new video bill. Can you put me on your e-mail list please.

    Cheers,
    Kevin Kennedy

    • Landlord Education says

      November 1, 2013 at 10:19 am

      Done!

      For future reference anyone can register by filling in the form on the top right of the page.

      Bill

Resources

Rooming House Resources - Tips and information about rooming house properties
Beginning Landlord Resources - Tips and information for new landlords and beginning investors Landlord training - guides and resources - Guides and courses for new landlords

Need A Lease?

Residential Lease Agreement

Recent Posts

  • When Should You Send A Notice For Rent Increase March 4, 2020
  • Using Prorated Rent To Attract Tenants December 4, 2019
  • Surround Yourself With Other Landlords October 1, 2019
  • What Landlord Classes Do You Need? September 19, 2019
  • A Landlord’s Guide To A Tenant Walkthrough September 3, 2019

Current Discussions

  • Landlord Education on Basics of Rooming Houses A Beginner’s Guide
  • Interested party on Basics of Rooming Houses A Beginner’s Guide
  • Landlord Education on Contact Us
  • Raghav Grover on Contact Us
  • Landlord Education on Basics of Rooming Houses A Beginner’s Guide

Copyright The Educated Landlord © 2025