The first rental property is going to be your hardest rental property, I’d dare say even your worst rental property, as it’s where you gain your initial experience.
And hopefully you understand experience often comes from making mistakes.
It’s where you first learn about screening tenants, it’s where you first learn about rental property maintenance, it’s where you cut your teeth on what you should be doing, and you learn what you should never ever do again, like skipping screening.
It Does Get Easier
Once you’ve managed to get through the trials and tribulations, and it doesn’t happen over night, it really does start getting easier.
You’ll learn from your mistakes and your positive experiences and hopefully leverage them to move forward.
Then you’ll eventually get your second property and acquire several new lessons from those experiences.
There will always be hurdles and roadblocks as you continue to move forward, but that’s part of life and a huge part of investing in rental property.
So if you focus on the problems that’s all you see. So rather than focus on the problems you need to…
Focus On Where You Are Going With Your Rental Property
I’ve helped out many landlords over the years and one of the first things I like to ask now is what their goals are.
Is their rental property a one-off, is this something they plan on doing full time, is this their retirement plan? And if so, when does it need to be in place?
When you start focusing on these end goals versus the challenges along the way the journey becomes much more entertaining.
So what are your goals? If you’ve made it past your first (and hardest property), what now? Share your story below to see how many other landlords have similar plans!